![Additional Purchase Price fixed for Sugarcane under clause 5A of Control Order not allowed as Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/purchase-price-sugarcane-deduction-ITAT-taxscan.jpeg "Additional Purchase Price fixed for Sugarcane under clause 5A of Control Order not allowed as Deduction: ITAT [Read Order]")
Additional Purchase Price fixed for Sugarcane under clause 5A of Control Order not allowed as Deduction: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune bench consisting of R.S. Syal, Vice President, and Satbeer Singh Godara, Judicial Member held that...
![If Assessment Order passed under Section 153A held to be void ab initio Penalty does not survive: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/assessment-void-ab-initio-penalty-survive-ITAT-taxscan.jpeg "If Assessment Order passed under Section 153A held to be void ab initio Penalty does not survive: ITAT [Read Order]")
![Non-issue of Proper SCN can be fatal to Proceedings under the Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/show-cause-notice-proceedings-Income-tax-Act-ITAT-taxscan.jpg "Non-issue of Proper SCN can be fatal to Proceedings under the Income Tax Act: ITAT [Read Order]")
![Affidavit filed by Assessee is vague and non-descript has no Evidentiary Value: ITAT upholds Addition of LTCG: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Affidavit-Assessee-Evidentiary-Value-ITAT-LTCG-ITAT-taxscan.jpeg "Affidavit filed by Assessee is vague and non-descript has no Evidentiary Value: ITAT upholds Addition of LTCG: ITAT [Read Order]")
![Participation in proceedings before Tax Authorities should be given High Priority: ITAT says Govt Corporation is like any Other Assessee cannot be given Preferential Treatment [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Participation-Tax-Authorities-high-priority-ITAT-Government-Corporation-assessee-preferential-treatment-Taxscan.jpeg "Participation in proceedings before Tax Authorities should be given High Priority: ITAT says Govt Corporation is like any Other Assessee cannot be given Preferential Treatment [Read Order]")
CIT has No Power to summarily dismiss Appeal for Non-Prosecution: ITAT asks to dispose of Appeal in Merits [Read Order]
The Income Tax Appellate Tribunal (ITAT), Raipur bench consisting of Ravish Sood, Judicial Member and Rathod Kamlesh Jayantbhai, Accountant Member asked to dispose appeal in merits as CIT has no...
![CIT has No Power to summarily dismiss Appeal for Non-Prosecution: ITAT asks to dispose of Appeal in Merits [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/CIT-non-prosecution-ITAT-Appeal-taxscan.jpg "CIT has No Power to summarily dismiss Appeal for Non-Prosecution: ITAT asks to dispose of Appeal in Merits [Read Order]")
![Interest-bearing Unsecured Loans are allowable as Income Tax Deduction u/s.57(iii): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Interest-unsecured-loans-deduction-ITA-ITAT-taxscan.jpg "Interest-bearing Unsecured Loans are allowable as Income Tax Deduction u/s.57(iii): ITAT [Read Order]")
ITAT confirms Order of AO where Assessee failed to produce Supporting Evidence on Claim of Unsecured Loans [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi bench consisting of Anil Chaturvedi, Accountant Member, and Kul Bharat, Judicial Member confirmed the order of AO where the assessee failed to produce...
![ITAT confirms Order of AO where Assessee failed to produce Supporting Evidence on Claim of Unsecured Loans [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/ITAT-order-AO-assessee-produce-supporting-evidence-claim-unsecured-loans-Taxscan.jpeg "ITAT confirms Order of AO where Assessee failed to produce Supporting Evidence on Claim of Unsecured Loans [Read Order]")
Charitable Trust engaged in Activities benefiting for particular Religion can claim Exemption u/s 11 of Income Tax Act: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi bench held that the charitable trust engaged in activities that benefited for particular religion can claim exemption u/s 11 of the Income Tax Act,1961...
![Charitable Trust engaged in Activities benefiting for particular Religion can claim Exemption u/s 11 of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Charitable-trust-benefiting-for-particular-religion-exemption-Income-Tax-Act-ITAT.jpg "Charitable Trust engaged in Activities benefiting for particular Religion can claim Exemption u/s 11 of Income Tax Act: ITAT [Read Order]")
![ITAT quashes Re-Assessment proceedings opened by AO without Jurisdiction [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/ITAT-Re-Assessment-AO-without-Jurisdiction-taxscan.jpeg "ITAT quashes Re-Assessment proceedings opened by AO without Jurisdiction [Read Order]")
Income from Penny Stock Transaction, Paid for Purchase of Shares could not be Deducted while computing Undisclosed Cash Income from Transaction in Penny Stock: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT),Mumbai bench held that income from penny stock transactions, paid for purchase of shares could not be deducted while computing undisclosed cash income from...
![Income from Penny Stock Transaction, Paid for Purchase of Shares could not be Deducted while computing Undisclosed Cash Income from Transaction in Penny Stock: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Income-cash-income-penny-stock-ITAT-taxscan.jpeg "Income from Penny Stock Transaction, Paid for Purchase of Shares could not be Deducted while computing Undisclosed Cash Income from Transaction in Penny Stock: ITAT [Read Order]")
Non-Compliance of Summons issued by Income Tax Authorities: ITAT upholds Levy of Rs. 10k as Penalty [Read Order]
The Income Tax Appellate Tribunal (ITAT), Kolkata bench has upheld a penalty of Rs. 10,000 on the assessee for not complying with the summons issued under section 131(1) of the Income Tax Act, 1961. ...
![Non-Compliance of Summons issued by Income Tax Authorities: ITAT upholds Levy of Rs. 10k as Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/NonCompliance-Summons-Income-Tax-Authorities-ITAT-Penalty-Taxscan.jpeg "Non-Compliance of Summons issued by Income Tax Authorities: ITAT upholds Levy of Rs. 10k as Penalty [Read Order]")