Income Tax Act
![Penalty Notice Issued u/s 274 of Income Tax Act not Specifying Charge against Assessee is Invalid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Penalty-Notice-Income-Tax-Act-Specifying-Charge-Assessee-ITAT-taxscan.jpg "Penalty Notice Issued u/s 274 of Income Tax Act not Specifying Charge against Assessee is Invalid: ITAT [Read Order]")
Penalty Notice Issued u/s 274 of Income Tax Act not Specifying Charge against Assessee is Invalid: ITAT [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) held that show cause notice issued by the Assessing Officer (AO)Â under Section 274 read...
![Cancellation of Registration of Charitable Trust u/s 12 AB(4) of Income Tax Act by PCIT not having Jurisdiction is Invalid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Cancellation-of-Registration-of-Charitable-Trust-Cancellation-of-Registration-Charitable-Trust-Income-Tax-Act-PCIT-Jurisdiction-is-Invalid-taxscan.jpg "Cancellation of Registration of Charitable Trust u/s 12 AB(4) of Income Tax Act by PCIT not having Jurisdiction is Invalid: ITAT [Read Order]")
![Mere Suspicion cannot take place for the purpose of passing an Order: ITAT deletes Addition made u/s 68 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Mere-Suspicion-place-for-the-purpose-of-passing-an-Order-ITAT-deletes-Addition-Income-Tax-Act-TAXSCAN.jpg "Mere Suspicion cannot take place for the purpose of passing an Order: ITAT deletes Addition made u/s 68 of Income Tax Act [Read Order]")
![Penalty u/s 271(1)(c) of the Income Tax Act Cannot be Imposed for Mistake by Accountant: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Penalty-Income-Tax-Act-Imposed-for-Mistake-by-Accountant-ITAT-TAXSCAN.jpg "Penalty u/s 271(1)(c) of the Income Tax Act Cannot be Imposed for Mistake by Accountant: ITAT [Read Order]")
Consultant's failure to comply with Notice of CIT-Exemptions won't result in Non-registration of Trust u/s 12A of Income Tax Act: ITAT Condones delay of 671 days [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) held that the consultant’s failure to comply with the notice of the Commissioner of Income Tax (CIT) Exemptions won’t result in...
![Consultants failure to comply with Notice of CIT-Exemptions wont result in Non-registration of Trust u/s 12A of Income Tax Act: ITAT Condones delay of 671 days [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Notice-of-CIT-Exemptions-Notice-CIT-Exemptions-CIT-Non-registration-of-Trust-Non-registration-Trust-Income-Tax-Act-Income-Tax-ITAT-Condones-delay-Taxscan.jpg "Consultants failure to comply with Notice of CIT-Exemptions wont result in Non-registration of Trust u/s 12A of Income Tax Act: ITAT Condones delay of 671 days [Read Order]")
Addition Made by AO Towards Share Premium u/s 56(2)(viib) of Income Tax Act Already Offered to Tax by Assessee Before Settlement Commission: ITAT upholds Deletion of Addition [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal (ITAT) has upheld the deletion of addition holding that the addition made by the Assessing Officer (AO) towards the share premium under Section...
![Addition Made by AO Towards Share Premium u/s 56(2)(viib) of Income Tax Act Already Offered to Tax by Assessee Before Settlement Commission: ITAT upholds Deletion of Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Addition-Made-by-AO-Towards-Share-Premium-Addition-AO-Share-Premium-Income-Tax-Act-Income-Tax-ITAT-Taxscan.jpg "Addition Made by AO Towards Share Premium u/s 56(2)(viib) of Income Tax Act Already Offered to Tax by Assessee Before Settlement Commission: ITAT upholds Deletion of Addition [Read Order]")
Deduction claimed u/s 80C of Income Tax Act can't be rejected merely on ground of Non-mentioning of Claim in ITR: ITAT [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) held that the deduction claimed under Section 80C of the Income Tax Act, 1961 cannot be rejected merely on the ground of non-mentioning...
![Deduction claimed u/s 80C of Income Tax Act cant be rejected merely on ground of Non-mentioning of Claim in ITR: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Deduction-claimed-Income-Tax-Act-cant-be-rejected-of-Non-mentioning-of-Claim-ITR-ITAT-TAXSCAN.jpg "Deduction claimed u/s 80C of Income Tax Act cant be rejected merely on ground of Non-mentioning of Claim in ITR: ITAT [Read Order]")
Registration u/s 12AA of Income Tax Act can't be denied if Charitable Trust is genuinely performing its object of imparting Education: ITAT [Read Order]
The Jaipur bench of the Income Tax Appellate Tribunal (ITAT) held that the registration under Section 12AA of the Income Tax Act, 1961 cannot be denied if the charitable trust is genuinely performing...
![Registration u/s 12AA of Income Tax Act cant be denied if Charitable Trust is genuinely performing its object of imparting Education: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Registration-Income-Tax-Act-Income-Tax-Charitable-Trust-Trust-imparting-Education-Education-ITAT-Taxscan.jpg "Registration u/s 12AA of Income Tax Act cant be denied if Charitable Trust is genuinely performing its object of imparting Education: ITAT [Read Order]")
Rectification u/s 154 of Income Tax Act cannot be Invoked to Adjust prior period Expenses: ITAT deletes Addition [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has deleted the addition holding that the rectification under Section 154 of the Income Tax Act 1961 could not be invoked to adjust prior...
![Rectification u/s 154 of Income Tax Act cannot be Invoked to Adjust prior period Expenses: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Rectification-Income-Tax-Act-expenses-prior-period-expenses-ITAT-deletes-Addition-ITAT-Addition-taxscan.jpg "Rectification u/s 154 of Income Tax Act cannot be Invoked to Adjust prior period Expenses: ITAT deletes Addition [Read Order]")
Capital Gain Deduction u/s 54F of Income Tax Act cannot be Denied due to Failure of Assessee to Furnish Complete Details: ITAT Restores Matter to CIT (E) [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal (ITAT) set aside the appellate order and remitted the matter back to the file of the Commissioner of Income Tax (Appeals) [CIT (A)] for...
![Capital Gain Deduction u/s 54F of Income Tax Act cannot be Denied due to Failure of Assessee to Furnish Complete Details: ITAT Restores Matter to CIT (E) [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Capital-Gain-Deduction-Income-Tax-Act-Denied-Failure-Assessee-Furnish-ITAT-TAXSCAN.jpg "Capital Gain Deduction u/s 54F of Income Tax Act cannot be Denied due to Failure of Assessee to Furnish Complete Details: ITAT Restores Matter to CIT (E) [Read Order]")