![Non-filing of Income Tax Return (ITR): ITAT quashes Penalty u/s 271F against 82 year old Widow [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Non-filing-Income-Tax-Return-quashes-Penalty-TAXSCAN.jpg "Non-filing of Income Tax Return (ITR): ITAT quashes Penalty u/s 271F against 82 year old Widow [Read Order]")
Non-filing of Income Tax Return (ITR): ITAT quashes Penalty u/s 271F against 82 year old Widow [Read Order]
The Income Tax Appellate Tribunal (ITAT) Delhi Bench recently quashed the penalty imposed under Section 271F of Income Tax Act, 1961 against...
![Assessment Order passed in Violation of Natural Justice Principle: ITAT remands Matter to CIT(A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Assessment-Order-Violation-Natural-ITAT-TAXSCAN.jpg "Assessment Order passed in Violation of Natural Justice Principle: ITAT remands Matter to CIT(A) [Read Order]")
![Expenses incurred for Business Promotion and Tour & Travels of Firm for Discharging Professional Duties as Partner shall not be disallowed: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Expenses-incurred-for-Business-Promotion-and-Tour-Travels-of-Firm-Expenses-incurred-Business-Promotion-Professional-Duties-ITAT-Taxscan.jpg "Expenses incurred for Business Promotion and Tour & Travels of Firm for Discharging Professional Duties as Partner shall not be disallowed: ITAT [Read Order]")
![No addition can be made on assessee, if ownership of Jewellery belongs to Family Members: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/No-addition-can-be-made-on-assessee-addition-assessee-ownership-of-Jewellery-belongs-to-Family-Members-ownership-of-Jewellery-ITAT-Taxscan.jpg "No addition can be made on assessee, if ownership of Jewellery belongs to Family Members: ITAT [Read Order]")
![Utilisation of Travel Expenses for Business purposes can be treated as Deductible Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Expense-deductible-expenditure-utilise-travel-travel-expense-business-purposes-personal-use-re-adjudication-ITAT-income-tax-taxscan-2.jpg "Utilisation of Travel Expenses for Business purposes can be treated as Deductible Expenditure: ITAT [Read Order]")
Receipts from International Traffic pertaining to Voyage shall not be Chartered as ‘Royalty’: ITAT [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) held that the receipts from international traffic pertaining to voyages should not be chartered as royalty . The assessee, Tata NYK Shipping...
![Receipts from International Traffic pertaining to Voyage shall not be Chartered as ‘Royalty’: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Receipts-International-Traffic-Voyage-ITAT-Receipts-from-International-Traffic-pertaining-to-Voyage-Chartered-as-Royalty-ITAT-income-tax-taxscan.jpg "Receipts from International Traffic pertaining to Voyage shall not be Chartered as ‘Royalty’: ITAT [Read Order]")
Commission Income earned from Real Estate Business shall not attract Section 44AD of the Income Tax Act: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has recently held that commission income earned from real estate business should not be attracted to Section 44AD of the Income Tax Act. ...
![Commission Income earned from Real Estate Business shall not attract Section 44AD of the Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Commission-Income-earned-from-Real-Estate-Business-Commission-Income-Income-Real-Estate-Business-Income-Tax-Act-Commission-ITAT-Taxscan.jpg "Commission Income earned from Real Estate Business shall not attract Section 44AD of the Income Tax Act: ITAT [Read Order]")
![HUF Eligible for Capital Gain Exemption u/s 54B From 01/04/2013: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/HUF-Eligible-for-Capital-Gain-Exemption-HUF-Capital-Gain-Exemption-Capital-Gain-ITAT-Taxscan.jpg "HUF Eligible for Capital Gain Exemption u/s 54B From 01/04/2013: ITAT [Read Order]")
No Penalty under Section 271AAA(2) when Assessee Disclosed Undisclosed Income in Section 132(4) Statement: ITAT [Read Order]
The New Delhi bench of the Income Tax Appellate Tribunal (ITAT) recently ruled that the penalty cannot be imposed under Section 271AAA(2) when the assessee disclosed undisclosed income in a statement...
![No Penalty under Section 271AAA(2) when Assessee Disclosed Undisclosed Income in Section 132(4) Statement: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Penalty-Assessee-Disclosed-Undisclosed-Income-Assessee-Undisclosed-Income-Statement-ITAT-Taxscan.jpg "No Penalty under Section 271AAA(2) when Assessee Disclosed Undisclosed Income in Section 132(4) Statement: ITAT [Read Order]")
Revenue can bring Expenditure Incurred in Earlier Years to be Taxed in Subsequent Years on Bogus Expenditure: ITAT [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has held that revenue could bring expenditure incurred in earlier years to be taxed in subsequent years on bogus expenditure. The assessee,...
![Revenue can bring Expenditure Incurred in Earlier Years to be Taxed in Subsequent Years on Bogus Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Revenue-can-bring-Expenditure-Incurred-Expenditure-Incurred-in-Earlier-Years-Revenue-Expenditure-Bogus-Expenditure-ITAT-Taxscan.jpg "Revenue can bring Expenditure Incurred in Earlier Years to be Taxed in Subsequent Years on Bogus Expenditure: ITAT [Read Order]")
ITAT Orders full TDS Credit after AO withdraws TDS Benefit on Advance Rent and Fails to carry forward for 20 years [Read Order]
In a significant case the Delhi bench of Income Tax Appellate Tribunal (ITAT) has recently ordered full Tax Deduction at Source (TDS) credit after the assessing office withdrew TDS...
![ITAT Orders full TDS Credit after AO withdraws TDS Benefit on Advance Rent and Fails to carry forward for 20 years [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/ITAT-TDS-credit-AO-withdraws-TDS-on-advance-rent-TAXSCAN.jpg "ITAT Orders full TDS Credit after AO withdraws TDS Benefit on Advance Rent and Fails to carry forward for 20 years [Read Order]")
Inter-Account Transfer and Sale of Shares for a Loss not Income: ITAT quashes Addition under Section 69 and 69A [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has recently, in an appeal filed before it, while quashing an addition made under section 69 and 69A, held that inter- account transfer and sale...
![Inter-Account Transfer and Sale of Shares for a Loss not Income: ITAT quashes Addition under Section 69 and 69A [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Inter-Account-Transfer-and-Sale-of-Shares-Income-ITAT-Addition-Section-69-and-69A-TAXSCAN.jpg "Inter-Account Transfer and Sale of Shares for a Loss not Income: ITAT quashes Addition under Section 69 and 69A [Read Order]")