![Claim of LTCG Not Allowable when Transactions of Transfer of Land does not Falls Within Ambit of Section 45 of Income Tax Act : ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Claim-LTCG-Allowable-Transactions-Transfer-Land-Ambit-Income-Tax-Act-TAXSCAN.jpg "Claim of LTCG Not Allowable when Transactions of Transfer of Land does not Falls Within Ambit of Section 45 of Income Tax Act : ITAT [Read Order]")
Claim of LTCG Not Allowable when Transactions of Transfer of Land does not Falls Within Ambit of Section 45 of Income Tax Act : ITAT [Read Order]
The New Delhi bench of the Income Tax Appellate Tribunal (ITAT) held that the claim of Long Term Capital Gain (LTCG) was not allowable when the...
![Expenses Incurred by PE to be Set Off in Legal Expenses Against Interest Income: ITAT deletes Disallowance [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Expenses-Incurred-by-PE-to-be-Set-Off-in-Legal-Expenses-Against-Interest-Income-ITAT-deletes-Disallowance-TAXSCAN.jpg "Expenses Incurred by PE to be Set Off in Legal Expenses Against Interest Income: ITAT deletes Disallowance [Read Order]")
![ITAT deletes disallowance made u/s 80P of Income Tax Act on Failure to File ROI in Due Date Prior to Amendment of S.143(1) (a)(v) of Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/ITAT-deletes-disallowance-Income-Tax-Act-on-Failure-to-File-ROI-in-Due-Date-Prior-to-Amendment-TAXSCAN.jpg "ITAT deletes disallowance made u/s 80P of Income Tax Act on Failure to File ROI in Due Date Prior to Amendment of S.143(1) (a)(v) of Act [Read Order]")
![ITAT upholds Disallowance of Belated Payment of Employees’ Contribution to Provident Fund/ESIC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/ITAT-disallowance-elated-Payment-Employees-Contribution-Provident-Fund-income-tax-taxscan.jpg "ITAT upholds Disallowance of Belated Payment of Employees’ Contribution to Provident Fund/ESIC [Read Order]")
![Disallowance made by AO on ground of Utilisation of Expenses for Non Business Purposes : ITAT Directs Re-adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Disallowance-Income-Tax-AO-Utilisation-of-Expenses-Utilisation-Expenses-Non-Business-Purposes-ITAT-Directs-Re-adjudication-ITAT-Re-adjudication-taxscan.jpg "Disallowance made by AO on ground of Utilisation of Expenses for Non Business Purposes : ITAT Directs Re-adjudication [Read Order]")
Fee Paid for Late Filing of Professional Tax Return is Penal in Nature: ITAT Upholds Disallowance [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has upheld the disallowance as the fee paid for late filing of professional tax return was penal in nature. The assessee, Shriram Chits...
![Fee Paid for Late Filing of Professional Tax Return is Penal in Nature: ITAT Upholds Disallowance [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Fee-Paid-for-Late-Filing-of-Professional-Tax-Return-is-Penal-in-Nature-ITAT-Upholds-Disallowance-TAXSCAN.jpg "Fee Paid for Late Filing of Professional Tax Return is Penal in Nature: ITAT Upholds Disallowance [Read Order]")
Failure to Justify Service render to AE: ITAT Upholds Disallowance of Payment of Agency Commission [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal (ITAT) while confirming the disallowance of payment of agency commission held that the assessee failed to justify the service render to...
![Failure to Justify Service render to AE: ITAT Upholds Disallowance of Payment of Agency Commission [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Failure-Associated-Enterprise-ITAT-Uphold-disallowance-Payment-Agency-Commission-income-tax-income-tax-taxscan.jpg "Failure to Justify Service render to AE: ITAT Upholds Disallowance of Payment of Agency Commission [Read Order]")
ITAT Upholds Disallowance made u/s 143(1) of Income Tax Act on ground of Late Deposition of Employee’s Contribution to PF/ESI [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal ( ITAT) upheld the disallowance made by the assessing officer under section 143(1) of the Income Tax Act,1961 on the ground of late Deposition...
![ITAT Upholds Disallowance made u/s 143(1) of Income Tax Act on ground of Late Deposition of Employee’s Contribution to PF/ESI [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Uphold-Employees-Contribution-Provident-fund-deposit-Disallowance-income-tax-taxscan.jpg "ITAT Upholds Disallowance made u/s 143(1) of Income Tax Act on ground of Late Deposition of Employee’s Contribution to PF/ESI [Read Order]")
No disallowance on claim of Capital Loss computed after Transfer of Possession of Property: ITAT deletes Addition [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal (ITAT) has held that no disallowance on a claim of capital loss is computed after the transfer of possession of the property. The assessee...
![No disallowance on claim of Capital Loss computed after Transfer of Possession of Property: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/No-disallowance-on-claim-of-Capital-Loss-computed-after-Transfer-of-Possession-of-Property-disallowance-on-claim-of-Capital-Loss-disallowance-Capital-Loss-ITAT-deletes-Addition-ITAT-Taxscan.jpg "No disallowance on claim of Capital Loss computed after Transfer of Possession of Property: ITAT deletes Addition [Read Order]")
Revised Return filed within Time Limit u/s 139(5) of Income Tax Act is Valid Return: ITAT Deletes Disallowance of Unamortized Brokerage Expense [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has deleted the disallowance of unamortized brokerage expense as the revised return filed within the time limit prescribed under Section...
![Revised Return filed within Time Limit u/s 139(5) of Income Tax Act is Valid Return: ITAT Deletes Disallowance of Unamortized Brokerage Expense [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Revised-return-time-limit-valid-return-ITAT-disallowance-unamortized-brokerage-expense-income-tax-act-income-income-tax-tax-taxscan.jpg "Revised Return filed within Time Limit u/s 139(5) of Income Tax Act is Valid Return: ITAT Deletes Disallowance of Unamortized Brokerage Expense [Read Order]")
Disallowance made by AO due to Non-Submission of Business Vouchers: ITAT Directs Re-adjudication [Read Order]
The Pune bench of the Income Tax Appellate Tribunal (ITAT) directed re-adjudication to the assessing officer for the disallowance made on the ground of the nonsubmission of business vouchers. ...
![Disallowance made by AO due to Non-Submission of Business Vouchers: ITAT Directs Re-adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Disallowance-made-by-AO-due-to-Non-Submission-of-Business-Vouchers-Disallowance-made-by-AO-Disallowance-AO-Business-Vouchers-ITAT-ITAT-Directs-Re-adjudication-Taxscan.jpg "Disallowance made by AO due to Non-Submission of Business Vouchers: ITAT Directs Re-adjudication [Read Order]")
No Disallowance u/s.40A (3) of Income Tax Act on Payment made towards Purchase of Beer from State Government: ITAT [Read Order]
The Raipur bench of Income Tax Appellate Tribunal (ITAT) has held that there is no disallowance under Section 40A (3) of Income Tax Act, 1961 on payment made towards purchase of beer from state...
![No Disallowance u/s.40A (3) of Income Tax Act on Payment made towards Purchase of Beer from State Government: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/disallowance-Income-Tax-Act-payment-Purchase-Beer-State-Government-ITAT-income-tax-taxscan.jpg "No Disallowance u/s.40A (3) of Income Tax Act on Payment made towards Purchase of Beer from State Government: ITAT [Read Order]")