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![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]")
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...
![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]](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]")
![Right to Personal Hearing is a Vested Right of Assessee under Income Tax Law: ITAT directs NFAC to Re-Do Proceedings [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Right-to-Personal-Hearing-Vested-Right-of-Assessee-Income-Tax-Law-ITAT-NFAC-Re-Do-Proceedings-Taxscan.jpg "Right to Personal Hearing is a Vested Right of Assessee under Income Tax Law: ITAT directs NFAC to Re-Do Proceedings [Read Order]")
![No Income Tax on Receipt of Compensation on Lease hold Rights Over A Plot: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Income-Tax-Tax-Compensation-Delhi-High-Court-taxscan.jpg "No Income Tax on Receipt of Compensation on Lease hold Rights Over A Plot: Delhi HC [Read Order]")
Cancellation of Income Tax Penalty automatically quashes Criminal Proceedings u/s 276: Allahabad HC [Read Order]
A Single Bench of Allahabad High Court has recently held that criminal proceedings arising out of orders of penalty will be quashed as soon as the penalty demand is quashed. The present...
![Cancellation of Income Tax Penalty automatically quashes Criminal Proceedings u/s 276: Allahabad HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Income-Tax-Penalty-Income-Tax-Tax-Penalty-Criminal-Proceeding-Allahabad-High-Court-taxscan.jpg "Cancellation of Income Tax Penalty automatically quashes Criminal Proceedings u/s 276: Allahabad HC [Read Order]")
Delay in filing of TDS Return due to Lack of Professional Assistance is Mere 'Technical Breach': ITAT deletes Income Tax Penalty [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai bench has held that the delay in the filing of TDS returns due to lack of professional assistance is a mere “technical breach” for which penalty under...
![Delay in filing of TDS Return due to Lack of Professional Assistance is Mere Technical Breach: ITAT deletes Income Tax Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Delay-filing-of-TDS-Return-Lack-of-Professional-Assistance-Technical-Breach-ITAT-Income-Tax-Penalty-Taxscan.jpg "Delay in filing of TDS Return due to Lack of Professional Assistance is Mere Technical Breach: ITAT deletes Income Tax Penalty [Read Order]")
![No TDS on CAM Charges paid in Addition to Rent: ITAT grants Relief to Johnson Watches [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/TDS-on-CAM-Charges-TDS-CAM-Charges-Rent-ITAT-Johnson-watches-taxscan.jpg "No TDS on CAM Charges paid in Addition to Rent: ITAT grants Relief to Johnson Watches [Read Order]")