Income Tax Act
![Delhi HC quashes Order passed u/s 148A(d) of Income Tax Act for Non-consideration of Reply [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Delhi-HC-quashes-Order-passed-Income-Tax-Act-for-Non-consideration-of-Reply-TAXSCAN.jpg "Delhi HC quashes Order passed u/s 148A(d) of Income Tax Act for Non-consideration of Reply [Read Order]")
Delhi HC quashes Order passed u/s 148A(d) of Income Tax Act for Non-consideration of Reply [Read Order]
The Delhi High Court quashed an order passed under Section 148A(d) of the Income Tax Act, 1961 for non-consideration of reply. By the writ...
![Additions u/s 68 of Income Tax Act based on Surmises and Conjectures: ITAT directs Re-adjudication for verifying Repayment of Loans [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Additions-Income-Tax-Act-Surmises-and-Conjectures-ITAT-directs-Re-adjudication-verifying-Repayment-of-Loans-taxscan.jpg "Additions u/s 68 of Income Tax Act based on Surmises and Conjectures: ITAT directs Re-adjudication for verifying Repayment of Loans [Read Order]")
![Municipal tax paid by society on behalf of flat owners is eligible for deduction u/s 24 of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Municipal-tax-society-flat-owners-eligible-deduction-Income-Tax-Act-ITAT-taxscan.jpg "Municipal tax paid by society on behalf of flat owners is eligible for deduction u/s 24 of Income Tax Act: ITAT [Read Order]")
![Dismissal of Registration u/s 12AB of Income Tax Act due to Absence of Assessee to Determine Genuineness of Activities carried out by the Charitable Trust: ITAT restores matter to CIT(E) for Re-Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Dismissal-of-registration-Income-Tax-Act-absence-of-assessee-to-determine-genuineness-charitable-trust-ITAT-restores-matter-to-CITE-ITAT-re-adjudication-taxscan-1.jpg "Dismissal of Registration u/s 12AB of Income Tax Act due to Absence of Assessee to Determine Genuineness of Activities carried out by the Charitable Trust: ITAT restores matter to CIT(E) for Re-Adjudication [Read Order]")
Director being not Beneficiary cannot be Assignee under Keyman Insurance Policy:Â ITAT allows Deduction u/s 57 of Income Tax Act [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has allowed the deduction under Section 57 of the Income Tax Act 1961 as the director being not beneficiary could not be the assignee under...
![Director being not Beneficiary cannot be Assignee under Keyman Insurance Policy:Â ITAT allows Deduction u/s 57 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Director-Beneficiary-Assignee-Keyman-Insurance-Policy-ITAT-Deduction-Income-Tax-Act.jpg "Director being not Beneficiary cannot be Assignee under Keyman Insurance Policy:Â ITAT allows Deduction u/s 57 of Income Tax Act [Read Order]")
Income from Charitable Activities reflected as "Income from Other Sources" by mere Punching Error: ITAT grants exemption u/s 11 of Income Tax Act [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) grants an exemption under Section 11 of the Income Tax Act, 1961 as the income from charitable activities was reflected as income from...
![Income from Charitable Activities reflected as Income from Other Sources by mere Punching Error: ITAT grants exemption u/s 11 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Income-Charitable-Activities-Income-Other-Sources-Punching-Error-ITAT-grants-exemption-Income-Tax-Act-taxscan.jpg "Income from Charitable Activities reflected as Income from Other Sources by mere Punching Error: ITAT grants exemption u/s 11 of Income Tax Act [Read Order]")
Charitable Institution liable for Tax Audit u/s 44AB for Activities prior to Registration u/s 2(15) of Income Tax Act: ITAT upholds Penalty u/s 271B [Read Order]
The Raipur Bench of Income Tax Appellate Tribunal (ITAT) has upheld the penalty under Section 271B of the Income Tax Act holding that the charitable institution would be liable for tax audit under...
![Charitable Institution liable for Tax Audit u/s 44AB for Activities prior to Registration u/s 2(15) of Income Tax Act: ITAT upholds Penalty u/s 271B [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Charitable-Institution-liable-Tax-Audit-Activities-prior-Registration-Income-Tax-Act-ITAT-upholds-Penalty-taxscan.jpg "Charitable Institution liable for Tax Audit u/s 44AB for Activities prior to Registration u/s 2(15) of Income Tax Act: ITAT upholds Penalty u/s 271B [Read Order]")
Contribution made Towards fund is Business Expenditure, Allowable u/s 37(1) of Income Tax Act even if fund was Unapproved by Income Tax Department: ITAT Allows Gratuity Premium Towards LIC [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) has allowed the gratuity premium paid towards the Life Insurance Corporation (LIC) holding that the contribution made towards fund is...
![Contribution made Towards fund is Business Expenditure, Allowable u/s 37(1) of Income Tax Act even if fund was Unapproved by Income Tax Department: ITAT Allows Gratuity Premium Towards LIC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Contribution-Towards-fund-Business-Expenditure-Allowable-Income-Tax-Act-Unapproved-Income-Tax-Department-ITAT-Allows-Gratuity-Premium-Towards-LIC-taxscan.jpg "Contribution made Towards fund is Business Expenditure, Allowable u/s 37(1) of Income Tax Act even if fund was Unapproved by Income Tax Department: ITAT Allows Gratuity Premium Towards LIC [Read Order]")
Proper Procedure and Application of Mind shall be made while granting Approval u/s 153D of Income Tax Act: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) while granting relief to the assessee held that proper procedure and application of mind shall be made while granting approval under...
![Proper Procedure and Application of Mind shall be made while granting Approval u/s 153D of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Proper-Procedure-and-Application-of-Mind-granting-Approval-Income-Tax-Act-ITAT-TAXSCAN.jpg "Proper Procedure and Application of Mind shall be made while granting Approval u/s 153D of Income Tax Act: ITAT [Read Order]")
Recovery Proceedings under Income Tax Act during pendency of Stay Application: Kerala HC directs to Decide Appeal within 3 months [Read Order]
The Kerala High Court directed to decide the appeal within 3 months as the recovery Proceedings under Income Tax Act, 1961 during pendency of stay application. Biju Krishna Pillai ,the...
![Recovery Proceedings under Income Tax Act during pendency of Stay Application: Kerala HC directs to Decide Appeal within 3 months [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Recovery-Proceedings-Income-Tax-Act-during-pendency-of-Stay-Application-Kerala-HC-directs-to-Decide-Appeal-TAXSCAN.jpg "Recovery Proceedings under Income Tax Act during pendency of Stay Application: Kerala HC directs to Decide Appeal within 3 months [Read Order]")
Purchase / sale of immovable property for Business Purpose does not attract S. 50C of Income Tax Act: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Jaipur bench, held that the purchase/sale of immovable property for business purposes did not attract Section 50C of the Income Tax Act, 1961. Therefore, the...
![Purchase / sale of immovable property for Business Purpose does not attract S. 50C of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Purchase-sale-immovable-property-Business-Purpose-Income-Tax-Act-ITAT-taxscan.jpg "Purchase / sale of immovable property for Business Purpose does not attract S. 50C of Income Tax Act: ITAT [Read Order]")