![CIT(A) Rejects Appeal without Merit Discussion: ITAT remits Case for Fresh Hearing [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/CIT-CIT-Rejects-Merit-Discussion-ITAT-ITAT-Remits-Case-for-Fresh-Hearing-Delhi-Bench-of-Income-Tax-Appellate-Tribunal-Income-Tax-Appellate-Tribunal-Section-143-Section-254-taxpayer-Taxscan.jpg "CIT(A) Rejects Appeal without Merit Discussion: ITAT remits Case for Fresh Hearing [Read Order]")
CIT(A) Rejects Appeal without Merit Discussion: ITAT remits Case for Fresh Hearing [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal(ITAT) sent the case back to the Commissioner of Income Tax (Appeals) [CIT(A)] for a fresh hearing,...
![Contractor Ineligible for Deduction u/s 80IA(4) for Management of Solid Waste Management Systems: ITAT upholds CIT(A) Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-Income-Tax-Income-Tax-Appellate-Tribunal-ITAT-Chennai-solid-waste-management-TAXSCAN.jpg "Contractor Ineligible for Deduction u/s 80IA(4) for Management of Solid Waste Management Systems: ITAT upholds CIT(A) Order [Read Order]")
![ITAT Upholds disallowance u/s 56(2)(viib) due to Unexplained Share Premium Fluctuation within same Financial Year [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Upholds-disallowance-Unexplained-Share-Premium-Financial-Year-Ahmedabad-bench-of-the-Income-Tax-Appellate-Tribunal-Share-Premium-Fluctuation-assessing-officer-income-tax-returns-Taxscan.jpg "ITAT Upholds disallowance u/s 56(2)(viib) due to Unexplained Share Premium Fluctuation within same Financial Year [Read Order]")
![Income Tax Notice Issued On Address in Income Tax Portal instead of Address in ITR: Kerala HC Allows writ petition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/Income-Tax-Income-Tax-Notice-Income-Tax-Notice-Issued-On-Address-in-Income-Tax-Portal-ITR-Kerala-HC-Kerala-High-Court-news-Income-Tax-Return-National-Faceless-Assessment-Centre-Taxscan.jpg "Income Tax Notice Issued On Address in Income Tax Portal instead of Address in ITR: Kerala HC Allows writ petition [Read Order]")
![Sale Value as of Agreement Date to be Considered u/s 50C of the Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-Sale-Value-as-of-Agreement-Date-Income-Tax-Appellate-Tribunal-agreement-date-under-Section-50C-capital-gains-under-Section-48-CIT-The-appellate-tribunal-capital-gains-Taxscan.jpg "Sale Value as of Agreement Date to be Considered u/s 50C of the Act: ITAT [Read Order]")
No Penalty if Assessee Discloses Genuine LTCG Amount: ITAT Deletes Income Tax Penalty finding Reasonable Cause for S.269SS Non-Compliance [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore recently held that no penalty may be levied on an Assessee if they have made genuine disclosure of their Long Term Capital Gains (LTCG) while...
![No Penalty if Assessee Discloses Genuine LTCG Amount: ITAT Deletes Income Tax Penalty finding Reasonable Cause for S.269SS Non-Compliance [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-Income-Tax-Appellate-Tribunal-Income-Tax-Appellate-Tribunal-Bangalore-ITAT-Bangalore-LTCG-LTCG-Amount-ITAT-Deletes-Income-Tax-Penalty-Commissioner-of-Income-Taxes-CIT-Taxscan.jpg "No Penalty if Assessee Discloses Genuine LTCG Amount: ITAT Deletes Income Tax Penalty finding Reasonable Cause for S.269SS Non-Compliance [Read Order]")
Income Tax Refund Application u/s 119(2)(b) Filed after Nine Years not Condonable: Kerala HCÂ [Read Order]
In a recent judgement, the High Court of Kerala held that income tax refund application under section 119(2)(b) of the Income Tax Act, 1961 filed after nine years is not condonable. The Income Tax...
Mere Cash Deposit Cannot Be Considered as Income: ITAT Deletes Income Tax Addition u/s 69 [Read Order]
In a recent case, the Surat bench of the Income Tax Appellate Tribunal (ITAT) held that mere cash deposits could not be considered income and deleted the tax addition under section 69 of the Income...
![Mere Cash Deposit Cannot Be Considered as Income: ITAT Deletes Income Tax Addition u/s 69 [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-Mere-Cash-Deposit-ITAT-Deletes-Income-Tax-Addition-Income-Tax-Appellate-Tribunal-Dinesh-Chandra-Dudhwala-Assessing-Officer-ITAT-news-Commissioner-of-Income-tax-NFAC-CIT-Taxscan.jpg "Mere Cash Deposit Cannot Be Considered as Income: ITAT Deletes Income Tax Addition u/s 69 [Read Order]")
Denial of Deduction u/s80P(2)(a)(i) to Souharda Cooperative Society citing provision of Banking Facilities to Nominal Members: ITAT Remits for Verification [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore recently examined the scope of services that can be provided by a Souharda Cooperative Society, while adjudicating the Revenue’s denial of...
![Denial of Deduction u/s80P(2)(a)(i) to Souharda Cooperative Society citing provision of Banking Facilities to Nominal Members: ITAT Remits for Verification [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/Denial-of-Deduction-Souharda-Cooperative-Society-provision-of-Banking-Facilities-Banking-Facilities-to-Nominal-Members-ITAT-ITAT-Remits-Income-Tax-Appellate-Tribunal-Sahakari-Act-Taxscan.jpg "Denial of Deduction u/s80P(2)(a)(i) to Souharda Cooperative Society citing provision of Banking Facilities to Nominal Members: ITAT Remits for Verification [Read Order]")
Settlement Commission Cannot invoke S. 154 of Income Tax to Rectify Concluded Proceedings or Levy Interest Prior to 2011: Madras HC [Read Order]
In a recent ruling, the Madras High Court ruled that the Income Tax Settlement Commission ( ITSC ) does not have the power to invoke Section 154 of the Income Tax Act, 1961, to rectify concluded...
![Settlement Commission Cannot invoke S. 154 of Income Tax to Rectify Concluded Proceedings or Levy Interest Prior to 2011: Madras HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/Income-Tax-Madras-High-Court-Income-Tax-Settlement-Commission-Section-154-TAXSCAN.jpg "Settlement Commission Cannot invoke S. 154 of Income Tax to Rectify Concluded Proceedings or Levy Interest Prior to 2011: Madras HC [Read Order]")
Loss of FD Investments is Capital Loss Not a 'Trading Loss': Telangana HC Upholds Disallowance of Deduction Claim u/s 28 Of Income Tax Act [Read Order]
In a significant case, the Telangana High Court has held that the loss of fixed deposit investments does not qualify as a 'trading loss' for the purposes of claiming deduction from income under...
