![Advance received for Sale of Property is taxable under ‘Income from other sources’ if Agreement for Sale is not registered u/s 56(2)(ix) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Advance-Sale-of-Property-Income-from-other-sources-Agreement-for-Sale-Income-Tax-Act-ITAT-taxscan.jpg "Advance received for Sale of Property is taxable under ‘Income from other sources’ if Agreement for Sale is not registered u/s 56(2)(ix) of Income Tax Act: ITAT [Read Order]")
Advance received for Sale of Property is taxable under ‘Income from other sources’ if Agreement for Sale is not registered u/s 56(2)(ix) of Income Tax Act: ITAT [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that an advance received for the sale of property is taxable under the head...
![Nirma Ltd. entitles to Additional Compensation for Delay in Issuing Refund u/s 244A of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Nirma-0Ltd-Additional-Compensation-Delay-Refund-Income-Tax-Act-ITAT-taxscan.jpg "Nirma Ltd. entitles to Additional Compensation for Delay in Issuing Refund u/s 244A of Income Tax Act: ITAT [Read Order]")
![Rejection of Exemption u/s 54 of Income Tax Act on Immovable Property Owned by Assessees Son without Giving Opportunity to Hearing: Delhi HC sets aside Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Rejection-of-Exemption-Income-Tax-Act-Immovable-Property-Owned-by-Assessees-Son-without-Giving-Opportunity-to-Hearing-Delhi-HC-Order-TAXSCAN.jpg "Rejection of Exemption u/s 54 of Income Tax Act on Immovable Property Owned by Assessees Son without Giving Opportunity to Hearing: Delhi HC sets aside Order [Read Order]")
![Enhancement of Disallowance u/s 43B of Income Tax Act made Voluntarily: Delhi HC confirms Penalty Order of ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/ITAT-Disallowance-Income-Tax-Act-Income-Tax-Income-Tax-Act-made-Voluntarily-Delhi-HC-confirms-Penalty-Order-of-ITAT-Delhi-High-Court-Penalty-Order-Penalty-Taxscan.jpg "Enhancement of Disallowance u/s 43B of Income Tax Act made Voluntarily: Delhi HC confirms Penalty Order of ITAT [Read Order]")
![Death of Noticee before Initiation of Proceeding u/s 148A(b) of Income Tax Act: Calcutta HC set aside the Assessment Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Death-of-Noticee-Initiation-of-Proceeding-Income-Tax-Act-Income-Tax-Calcutta-High-Court-Calcutta-HC-set-aside-the-Assessment-Order-Assessment-Order-Taxscan.jpg "Death of Noticee before Initiation of Proceeding u/s 148A(b) of Income Tax Act: Calcutta HC set aside the Assessment Order [Read Order]")
No Income Tax on Partner for Share in Profit of Partnership Firm: ITAT deletes Addition u/s 68 of Income Tax Act [Read Order]
The Income Tax Appellate Tribunal (ITAT) Mumbai Bench held that no income tax on partners for share in profit of partnership firm. Therefore the bench deleted the addition made under Section 68 of...
![No Income Tax on Partner for Share in Profit of Partnership Firm: ITAT deletes Addition u/s 68 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/No-Income-Tax-on-Partner-for-Share-in-Profit-of-Partnership-Firm-ITAT-Income-Tax-Act-TAXSCAN.jpg "No Income Tax on Partner for Share in Profit of Partnership Firm: ITAT deletes Addition u/s 68 of Income Tax Act [Read Order]")
Original Return of Income filed before time prescribed u/s 139(1) of Income Tax Act: ITAT allows Claim of Deduction u/s.80JJAA of Act [Read Order]
The Income Tax Appellate Tribunal (ITAT) Mumbai Bench while allowing the claim of deduction under Section 80JJAA of Income Tax Act, 1961 held that original return of income was filed by the assessee...
![Original Return of Income filed before time prescribed u/s 139(1) of Income Tax Act: ITAT allows Claim of Deduction u/s.80JJAA of Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Original-Return-Income-filed-time-prescribed-Income-Tax-Act-ITAT-claim-deduction-TAXSCAN.jpg "Original Return of Income filed before time prescribed u/s 139(1) of Income Tax Act: ITAT allows Claim of Deduction u/s.80JJAA of Act [Read Order]")
![Penalty u/s 271(1)(c) of Income Tax Act is not Leviable on Estimated Addition: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Penalty-Income-Tax-Act-Estimated-Addition-Addition-ITAT-Taxscan.jpg "Penalty u/s 271(1)(c) of Income Tax Act is not Leviable on Estimated Addition: ITAT [Read Order]")
Creation of Cadre of Officers for CIT(A) not Mandatory Scheme of Income Tax Act: Allahabad HC Dismisses Challenge on Appointment of CIT(A) [Read Order]
In a recent decision the Allahabad High Court observed that the Creation of cadre of officers for Commissioner of Income Tax (Appeals) (CIT (A)) not mandatory scheme of the Income Tax Act, 1961 and...
![Creation of Cadre of Officers for CIT(A) not Mandatory Scheme of Income Tax Act: Allahabad HC Dismisses Challenge on Appointment of CIT(A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Creation-of-Cadre-of-Officers-for-CIT-A-Mandatory-Scheme-of-Income-Tax-Act-Allahabad-HC-Dismisses-Challenge-on-Appointment-of-CITA-TAXSCAN.jpg "Creation of Cadre of Officers for CIT(A) not Mandatory Scheme of Income Tax Act: Allahabad HC Dismisses Challenge on Appointment of CIT(A) [Read Order]")
CPC not within Jurisdiction to Disallow Deduction u/s 80P of Income Tax Act: ITAT Allows West Bengal Cooperative Society's Claim [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) has held that the Central Processing Centre (CPC) was not within its jurisdiction to disallow a deduction claimed by a West Bengal...
![CPC not within Jurisdiction to Disallow Deduction u/s 80P of Income Tax Act: ITAT Allows West Bengal Cooperative Societys Claim [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/CPC-CPC-not-within-Jurisdiction-Jurisdiction-Disallow-Deduction-Income-Tax-Act-Income-Tax-ITAT-taxscan.jpg "CPC not within Jurisdiction to Disallow Deduction u/s 80P of Income Tax Act: ITAT Allows West Bengal Cooperative Societys Claim [Read Order]")
Activities of the trust cannot be the deciding factor while granting registration u/s 12A of Income Tax Act: ITAT [Read Order]
The Raipur bench of the Income Tax Appellate Tribunal held that Activities of the trust cannot be the deciding factor while granting registration. The assesse filed the appeal on the grounds that...
![Activities of the trust cannot be the deciding factor while granting registration u/s 12A of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Activities-of-the-trust-deciding-factor-while-granting-registration-Income-Tax-Act-ITAT-TAXSCAN.jpg "Activities of the trust cannot be the deciding factor while granting registration u/s 12A of Income Tax Act: ITAT [Read Order]")
Central Govt sends 1 Lakh notices for Non-Filing of Returns, Underreported and Misrepresented Income
The Finance Minister of the Union revealed that 100,000 notices have been issued by the Income Tax Department to taxpayers who failed to submit their income tax returns. Furthermore, individuals who...
