![Value Attributed to as Non-updated Stock Amounts to Taxation: ITAT partly sustains Order of AO [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Value-Attributed-Non-updated-Stock-Amounts-Taxation-ITAT-partly-sustains-Order-AO-TAXSCAN.jpg "Value Attributed to as Non-updated Stock Amounts to Taxation: ITAT partly sustains Order of AO [Read Order]")
Value Attributed to as Non-updated Stock Amounts to Taxation: ITAT partly sustains Order of AO [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal (ITAT) held that the value attributed to non-updated stocks amounts to taxation. The...
![“Deemed Dividend” Not Applicable to Payment by Company on behalf of Shareholder for Purchase Property as a Stop Gap Arrangement subsequently Re-paid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Deemed-Dividend-Payment-Shareholder-Purchase-Property-Gap-Arrangement-Re-paid-ITAT-Income-Tax-Tax-Taxscan.jpg "“Deemed Dividend” Not Applicable to Payment by Company on behalf of Shareholder for Purchase Property as a Stop Gap Arrangement subsequently Re-paid: ITAT [Read Order]")
![TDS Not Applicable to Payments made to Non-Residents: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/TDS-Payments-Non-Residence-ITAT-TAXSCAN.jpg "TDS Not Applicable to Payments made to Non-Residents: ITAT [Read Order]")
![Production of Proof for Cash deposit during Demonetization: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Production-Proof-Cash-deposit-deposit-Demonetization-Cash-taxscan-.jpg "Production of Proof for Cash deposit during Demonetization: ITAT deletes Addition [Read Order]")
![Filing of Income Tax Return along with Tax Audit Report: ITAT deletes Penalty of Rs 1 Lakh [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Income-Tax-Return-Tax-Audit-Report-ITAT-Penalty-taxscan-1.jpg "Filing of Income Tax Return along with Tax Audit Report: ITAT deletes Penalty of Rs 1 Lakh [Read Order]")
Assessing Officer doesn’t have Jurisdiction to Travel Beyond Issues found during Scrutiny Assessment: ITAT quashes Revisional Order [Read Order]
The ITAT, Kolkata bench has recently held that the Commissioner, while invoking his jurisdiction under section 263 of the Income Tax Act, 1961 cannot point out the issues other than the issue taken...
![Assessing Officer doesn’t have Jurisdiction to Travel Beyond Issues found during Scrutiny Assessment: ITAT quashes Revisional Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/AO-Jurisdiction-Travel-Scrutiny-Assessment-ITAT-taxscan.jpeg "Assessing Officer doesn’t have Jurisdiction to Travel Beyond Issues found during Scrutiny Assessment: ITAT quashes Revisional Order [Read Order]")
Once Addition towards alleged Bogus Purchases made, Additions of similar amounts can’t be made as it leads to Double Addition: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chennai Bench ruled that once Addition towards alleged bogus purchases made, additions of similar amounts can not be made as it leads to Double Addition. ...
![Once Addition towards alleged Bogus Purchases made, Additions of similar amounts can’t be made as it leads to Double Addition: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/06/bogus-purchases-ITAT-Taxscan.jpg "Once Addition towards alleged Bogus Purchases made, Additions of similar amounts can’t be made as it leads to Double Addition: ITAT [Read Order]")
Excess Expenditure incurred by Trust in earlier Assessment Year could be allowed to be set off against Income of subsequent years: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chennai Bench ruled that excess expenditure incurred by trust in earlier assessment year could be allowed to be set off against income of subsequent years. ...
![Excess Expenditure incurred by Trust in earlier Assessment Year could be allowed to be set off against Income of subsequent years: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/expenditure-trust-assessment-year-income-of-subsequent-years-ITAT-Taxscan.jpg "Excess Expenditure incurred by Trust in earlier Assessment Year could be allowed to be set off against Income of subsequent years: ITAT [Read Order]")
Urban Land Leased out to Educational Trust can't be treated as ‘Vacant Land’, No Wealth Tax, says ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chennai Bench held that wealth tax is not applicable on lands held by a trust for charitable purposes. The bunch of 33 appeals filed by different...
![Urban Land Leased out to Educational Trust cant be treated as ‘Vacant Land’, No Wealth Tax, says ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/Urban-Land-Leased-Educational-Trust-Vacant-Land-Wealth-Tax-ITAT-Taxscan.jpg "Urban Land Leased out to Educational Trust cant be treated as ‘Vacant Land’, No Wealth Tax, says ITAT [Read Order]")