![ITAT allows Half Depreciation as Asset was put to use on Temporary structure of Office [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/ITAT-depreciation-asset-office-taxscan.jpg "ITAT allows Half Depreciation as Asset was put to use on Temporary structure of Office [Read Order]")
ITAT allows Half Depreciation as Asset was put to use on Temporary structure of Office [Read Order]
The Income Tax Appellate Tribunal (ITAT) allows half depreciation as an asset was put to use for a claim of 100% depreciation on the temporary...
![Rejection of Books of Account is a precondition for making reference to DVO: ITAT holds DVO report illegal [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/books-of-account-DVO-ITAT-DVO-report-illegal-taxscan.jpeg "Rejection of Books of Account is a precondition for making reference to DVO: ITAT holds DVO report illegal [Read Order]")
![Onus of establishing Creditworthiness and Genuineness of Transactions is on Assessee under Section 68: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/creditworthiness-genuineness-transactions-assessee-ITAT-taxscan.jpg "Onus of establishing Creditworthiness and Genuineness of Transactions is on Assessee under Section 68: ITAT [Read Order]")
![Filing of Defective Appeal is a Mere Technical Breach: ITAT Condones Delay, directs Re-Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Filing-Defective-Appeal-Technical-Breach-ITAT-Condones-Delay-Re-Adjudication-taxscan.jpeg "Filing of Defective Appeal is a Mere Technical Breach: ITAT Condones Delay, directs Re-Adjudication [Read Order]")
Revision u/s 263 not fulfilled Conditions: ITAT sets aside Order as there is No Prejudice to Interest of Revenue [Read Order]
Conditions for revision under Section 263 are not fulfilled hence Income Tax Appellate Tribunal (ITAT), Ahmedabad set asides order as there is no prejudice to interest of revenue. The assessee,...
![Revision u/s 263 not fulfilled Conditions: ITAT sets aside Order as there is No Prejudice to Interest of Revenue [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Revision-ITAT-Order-interest-revenue-taxscan.jpg "Revision u/s 263 not fulfilled Conditions: ITAT sets aside Order as there is No Prejudice to Interest of Revenue [Read Order]")
Penalty cannot be levied for mere Deletion of Capital Gain Exemption Claim u/s 54F: ITAT [Read Order]
Penalty cannot be levied for mere deletion of Capital Gain Exemption Claim under Section 54F of the Income Tax Act,1961 and so was held by Income Tax Appellate Tribunal (ITAT), Pune The appeal has...
![Penalty cannot be levied for mere Deletion of Capital Gain Exemption Claim u/s 54F: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Penalty-Capital-Gain-Claim-ITAT-taxscan.jpeg "Penalty cannot be levied for mere Deletion of Capital Gain Exemption Claim u/s 54F: ITAT [Read Order]")
Reopening of Assessment on ground that Assessee had earned LTCG from Entire Value of Share Transactions is liable to be quashed: ITAT [Read Order]
The appeal has been filed by the assessee, Vrajeshkumar N. Chokshi, before the Income Tax Appellate Tribunal (ITAT), Ahmedabad against the order of the Commissioner of Income-Tax (CIT). The ITAT held...
![Reopening of Assessment on ground that Assessee had earned LTCG from Entire Value of Share Transactions is liable to be quashed: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/assessment-assessee-LTCG-share-transactions-ITAT-taxscan.jpg "Reopening of Assessment on ground that Assessee had earned LTCG from Entire Value of Share Transactions is liable to be quashed: ITAT [Read Order]")
Delay in filing Appeal due to Default of Employee: ITAT directs for fresh Adjudication [Read Order]
The assessee, Rahul M. Vadodariya, preferred an appeal before the Income Tax Appellate Tribunal (ITAT), Ahmedabad against the order of the Commissioner of Income Tax (CIT) passed for the assessment...
![Delay in filing Appeal due to Default of Employee: ITAT directs for fresh Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Appeal-Employee-ITAT-adjudication-taxscan.jpg "Delay in filing Appeal due to Default of Employee: ITAT directs for fresh Adjudication [Read Order]")
Unabsorbed Depreciation should be allowed to be carried forward and set off against Assessable Income of Subsequent Year notwithstanding fact that Business in respect of which it arose ceased to exist in year of such set-off: ITAT
The Income Tax Appellate Tribunal (ITAT), Ahmedabad bench consisting of Pramod Kumar, Vice President, and Siddhartha Nautiyal, Judicial Member held that where asset purchased by the assessee has been...
Late Deposit of Employees contribution of PF but before due date of Filing Income Tax Return: ITAT sets aside disallowance by AO
The Income Tax Appellate Tribunal (ITAT), Mumbai bench consisting of Prashant Maharishi, Accountant Member and Kavitha Rajagopal, Judicial Member set aside disallowance made by Assessing Officer (AO)...
ITAT sets aside Disallowance by AO of set off for treating Share Trading as Short Term Capital Loss [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad bench consisting of Pramod Kumar, Vice President and Siddhartha Nautiyal, Judicial Member held that to consider share transaction as business...
![ITAT sets aside Disallowance by AO of set off for treating Share Trading as Short Term Capital Loss [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/ITAT-disallowance-AO-share-trading-short-term-capital-loss-taxscan.jpg "ITAT sets aside Disallowance by AO of set off for treating Share Trading as Short Term Capital Loss [Read Order]")