Income Tax Act
![ITAT Sets Aside Revisionary Order u/s 263 of Income Tax Act for Re-agitating Issue to Explaining Details of Large Cash Deposits in Savings Account [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/ITAT-Sets-Aside-Revisionary-Order-Income-Tax-Act-for-Re-agitating-Issue-to-Explaining-Details-of-Large-Cash-Deposits-Savings-Account-TAXSCAN.jpg "ITAT Sets Aside Revisionary Order u/s 263 of Income Tax Act for Re-agitating Issue to Explaining Details of Large Cash Deposits in Savings Account [Read Order]")
ITAT Sets Aside Revisionary Order u/s 263 of Income Tax Act for Re-agitating Issue to Explaining Details of Large Cash Deposits in Savings Account [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) held that Principal Commissioner of Income Tax (PCIT) was not validly empowered to invoke...
![Statutory Approval Given by Quasi-Judicial Authority u/s 153D of Income Tax Act without Due Application of Mind Results in Fatal of Entire Search Assessment: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Statutory-Approval-Quasi-Judicial-Authority-Income-Tax-Act-Income-Tax-Search-Assessment-ITAT-Taxscan.jpg "Statutory Approval Given by Quasi-Judicial Authority u/s 153D of Income Tax Act without Due Application of Mind Results in Fatal of Entire Search Assessment: ITAT [Read Order]")
![Notice issued u/s 148 of Income Tax Act by AO without accessing Return filed by Assessee shall be treated as Void Ab Initio: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Notice-Income-Tax-Act-Assessee-shall-be-treated-as-Void-Ab-Initio-Void-Ab-Initio-ITAT-Taxscan.jpg "Notice issued u/s 148 of Income Tax Act by AO without accessing Return filed by Assessee shall be treated as Void Ab Initio: ITAT [Read Order]")
![Non issuance of Notice prevented Assessee from Reasonable Opportunity of being Heard Resulting in Violation of Natural Justice: ITAT directs Readjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Non-issuance-of-notice-notice-assessee-reasonable-opportunity-opportunity-ITAT-directs-readjudication-taxscan.jpg "Non issuance of Notice prevented Assessee from Reasonable Opportunity of being Heard Resulting in Violation of Natural Justice: ITAT directs Readjudication [Read Order]")
![No Depreciation Claim u/s 32 of Income Tax Act Allowable in Absence of Carrying Out Business Activities: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/No-Depreciation-Claim-Depreciation-Income-Tax-Act-Income-Tax-Income-Tax-Act-Allowable-in-Absence-of-Carrying-Out-Business-Activities-ITAT-Taxscan.jpg "No Depreciation Claim u/s 32 of Income Tax Act Allowable in Absence of Carrying Out Business Activities: ITAT [Read Order]")
Disallowance of Income from Business Deposits u/s 69 of Income Tax Act due to Default of Assessee to Submit Details of Source of Cash Deposits: ITAT Restores Matter to AO [Read Order]
The Bangalore Bench of Income Tax Appellate Tribunal (ITAT) held that the assessee has not provided any details as to the source of such cash deposited for the relevant financial year except for...
![Disallowance of Income from Business Deposits u/s 69 of Income Tax Act due to Default of Assessee to Submit Details of Source of Cash Deposits: ITAT Restores Matter to AO [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Disallowance-Income-Income-from-Business-Income-from-Business-Deposits-Income-Tax-Act-taxscan.jpg "Disallowance of Income from Business Deposits u/s 69 of Income Tax Act due to Default of Assessee to Submit Details of Source of Cash Deposits: ITAT Restores Matter to AO [Read Order]")
Failure of AO to Convert Limited Scrutiny into Complete Scrutiny: ITAT deletes Disallowance u/s 54 of Income Tax Act [Read Order]
The Bangalore Bench of Income Tax Appellate Tribunal (ITAT) held that no steps has been taken by the Assessing Officer (AO) to convert the limited scrutiny into complete scrutiny and hence has...
![Failure of AO to Convert Limited Scrutiny into Complete Scrutiny: ITAT deletes Disallowance u/s 54 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Failure-AO-Failure-of-AO-Scrutiny-Failure-of-AO-to-Convert-Limited-Scrutiny-into-Complete-Scrutiny-ITAT-taxscan-1.jpg "Failure of AO to Convert Limited Scrutiny into Complete Scrutiny: ITAT deletes Disallowance u/s 54 of Income Tax Act [Read Order]")
No Penalty shall be Levied u/s 271B of Income Tax Act on Account of Delay in Filing Audit Report Due to Proceedings under IBC: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) Delhi bench held that no penalty should be levied under Section 271B of Income Tax Act, 1961 on account of delay in filing the audit report due to...
![No Penalty shall be Levied u/s 271B of Income Tax Act on Account of Delay in Filing Audit Report Due to Proceedings under IBC: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/No-Penalty-shall-be-Levied-Penalty-Income-Tax-Act-Income-Tax-Account-of-Delay-in-Filing-Audit-Report-Due-to-Proceedings-under-IBC-IBC-Taxscan.jpg "No Penalty shall be Levied u/s 271B of Income Tax Act on Account of Delay in Filing Audit Report Due to Proceedings under IBC: ITAT [Read Order]")
ITAT Quashes Assessment Under Section 153C of Income Tax Act Due to Lack of Valid Grounds and Corroborative Evidence [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has quashed an assessment under Section 153C of the Income Tax Act, 1961, against an assessee due to lack of valid grounds and...
![ITAT Quashes Assessment Under Section 153C of Income Tax Act Due to Lack of Valid Grounds and Corroborative Evidence [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/ITAT-Quashes-Assessment-ITAT-Assessment-Income-Tax-Act-Income-Tax-Corroborative-Evidence-Evidence-Taxscan.jpg "ITAT Quashes Assessment Under Section 153C of Income Tax Act Due to Lack of Valid Grounds and Corroborative Evidence [Read Order]")
National Research & Technologies Consortium cannot Deduct TDS as was not a "specified person" as defined Under Section 194C of Income Tax Act: ITAT [Read Order]
The Chandigarh bench of the Income Tax Appellate Tribunal (ITAT) has held that National Research & Technologies Consortium (NRTC) was not required to deduct tax at source (TDS) under Section 194C...
![National Research & Technologies Consortium cannot Deduct TDS as was not a specified person as defined Under Section 194C of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/National-Research-Technologies-Consortium-Deduct-TDS-specified-person-Income-Tax-Act-ITAT-income-tax-taxscan.jpg "National Research & Technologies Consortium cannot Deduct TDS as was not a specified person as defined Under Section 194C of Income Tax Act: ITAT [Read Order]")
No Additions shall be made u/s 68 of Income Tax Act on Unsecured Loans if Assessee furnishes Proper Evidences: ITAT [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) held that no additions shall be made under Section 68 of the Income Tax Act, 1961 on unsecured loans if the assessee furnishes proper...
![No Additions shall be made u/s 68 of Income Tax Act on Unsecured Loans if Assessee furnishes Proper Evidences: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Additions-No-Additions-Income-Tax-Act-Unsecured-Loans-ITAT-taxscan.jpg "No Additions shall be made u/s 68 of Income Tax Act on Unsecured Loans if Assessee furnishes Proper Evidences: ITAT [Read Order]")
Revenue Cannot Adjust Withheld Tax not Deposited by Employer in Central Govt account, against Refund Due and Payable to Employee u/s 205 of Income Tax Act: ITAT [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has held that the revenue could not adjust the withheld tax not deposited by the employer in a central Government account against the refund...
![Revenue Cannot Adjust Withheld Tax not Deposited by Employer in Central Govt account, against Refund Due and Payable to Employee u/s 205 of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Revenue-Adjust-Withheld-Tax-Deposited-by-Employer-in-Central-Govt-account-Refund-Employee-Income-Tax-Act-ITAT-TAXSCAN.jpg "Revenue Cannot Adjust Withheld Tax not Deposited by Employer in Central Govt account, against Refund Due and Payable to Employee u/s 205 of Income Tax Act: ITAT [Read Order]")