![Deemed Dividend Taxable in the hands of Individual Director, Not Firm: Orissa HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Deemed-Dividend-Individual-Director-Orissa-High-Court-taxscan.jpg "Deemed Dividend Taxable in the hands of Individual Director, Not Firm: Orissa HC [Read Order]")
Deemed Dividend Taxable in the hands of Individual Director, Not Firm: Orissa HC [Read Order]
A division bench of the Orissa High Court has held that the deemed dividend is taxable in the hands of the individual director only and not from the...
![Re-Assessment cannot be based on “Reason to Suspect”: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Re-Assessment-ITAT-Taxscan.jpg "Re-Assessment cannot be based on “Reason to Suspect”: ITAT [Read Order]")
![Claim of FTC cant be disallowed merely on delay in filing Form 67: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Claim-of-FTC-disallowed-merely-delay-in-filing-Form-67-ITAT-Taxscan.jpg "Claim of FTC cant be disallowed merely on delay in filing Form 67: ITAT [Read Order]")
![Nadiadwala Entertainment cannot Claim Loss in respect of Expenses Incurred on Film Aarakshan: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Nadiadwala-Entertainment-Entertainment-Claim-Loss-Claim-Film-Aarakshan-ITAT-taxscan.jpg "Nadiadwala Entertainment cannot Claim Loss in respect of Expenses Incurred on Film Aarakshan: ITAT [Read Order]")
![Amount received from Sale of Software Products not Royalty as per Article 12(3) of India -USA DTAA, not Taxable in India: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Amount-received-Sale-of-Software-Products-Software-Products-Royalty-India-USA-DTAA-ITAT-taxscan.jpg "Amount received from Sale of Software Products not Royalty as per Article 12(3) of India -USA DTAA, not Taxable in India: ITAT [Read Order]")
![Shares held as Investment can be allowed as Long-Term Capital Gain: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Share-Investment-Long-Term-Capital-Gain-ITAT-taxscan.jpg "Shares held as Investment can be allowed as Long-Term Capital Gain: ITAT [Read Order]")
Ill-Health of Wife “Reasonable Cause” for Non-Compliance u/s 44B: ITAT deletes Income Tax Penalty [Read Order]
In a ruling granting relief to the assessee, the Pune bench of the Income Tax Appellate Tribunal (ITAT) has held that the ill-health of the wife would constitute “reasonable cause” for the...
![Ill-Health of Wife “Reasonable Cause” for Non-Compliance u/s 44B: ITAT deletes Income Tax Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Ill-Health-of-Wife-Reasonable-Cause-Non-Compliance-us-44B-ITAT-Income-Tax-Penalty-Taxscan.jpg "Ill-Health of Wife “Reasonable Cause” for Non-Compliance u/s 44B: ITAT deletes Income Tax Penalty [Read Order]")
AO and CIT(A) are Quasi Judicial Authorities Employed for Execution of Income Tax Act: ITAT slams 'Suspicious Transactions' made by Assessee [Read Order]
The Assessing Officer as well as the CIT(A) who are quasi-judicial authorities employed for execution of the provisions of the Income Tax Act.” The Pune Bench of the Income Tax Appellate Tribunal...
![AO and CIT(A) are Quasi Judicial Authorities Employed for Execution of Income Tax Act: ITAT slams Suspicious Transactions made by Assessee [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/AO-CITA-Quasi-Judicial-Authorities-Execution-of-Income-Tax-Act-ITAT-Suspicious-Transactions-Taxscan.jpg "AO and CIT(A) are Quasi Judicial Authorities Employed for Execution of Income Tax Act: ITAT slams Suspicious Transactions made by Assessee [Read Order]")
Unfinished Building is 'Capital Asset', subject to Income Tax on Sale along with Land: ITAT [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT), while dismissing a second appeal by the assessee, held that an unfinished building is included within the meaning of “capital asset”...
![Unfinished Building is Capital Asset, subject to Income Tax on Sale along with Land: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Unfinished-Building-Capital-Asset-Income-Tax-Sale-Land-ITAT-taxscan.jpg "Unfinished Building is Capital Asset, subject to Income Tax on Sale along with Land: ITAT [Read Order]")
![Sale of Entire Business amounts to Slump Sale, Taxable under Capital Gain: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Sale-of-Entire-Business-amounts-Slump-Sale-Taxable-Capital-Gain-ITAT-Taxscan.jpg "Sale of Entire Business amounts to Slump Sale, Taxable under Capital Gain: ITAT [Read Order]")
ITAT upholds Penalty u/s 271(1) (c) When Assessee failed to make Full and True Disclosure of the facts in Income Tax Return [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) upheld the Penalty under section 271(1) (c) of the Income Tax Act, 1961 when the assessee failed to make full and true disclosure of the...
![ITAT upholds Penalty u/s 271(1) (c) When Assessee failed to make Full and True Disclosure of the facts in Income Tax Return [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/ITAT-Penalty-us-2711-c-Assessee-failed-to-make-Full-True-Disclosure-of-the-facts-in-Income-Tax-Return-Taxscan.jpg "ITAT upholds Penalty u/s 271(1) (c) When Assessee failed to make Full and True Disclosure of the facts in Income Tax Return [Read Order]")