Income Tax Act
![No Disallowance of Deduction u/s 14A of Income Tax Act can be made if No Exempt Income is Earned by Assessee: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/No-Disallowance-of-Deduction-Disallowance-Deduction-Income-Tax-Act-can-be-made-if-No-Exempt-Income-is-Earned-by-Assessee-Income-Tax-Act-No-Exempt-Income-is-Earned-by-Assessee-ITAT-Taxscan.jpg "No Disallowance of Deduction u/s 14A of Income Tax Act can be made if No Exempt Income is Earned by Assessee: ITAT [Read Order]")
No Disallowance of Deduction u/s 14A of Income Tax Act can be made if No Exempt Income is Earned by Assessee: ITAT [Read Order]
The Hyderabad Bench of Income Tax Appellate Tribunal (ITAT) held that no disallowance under Section 14A of the Income Tax Act, 1961 can be made if...
![Income earned from Commercial Activity cant be claimed as a Deduction u/s 80P of Income Tax Act: ITAT dismisses Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/ITAT-Deduction-Income-Tax-Act-Income-Income-earned-from-Commercial-Activity-income-tax-taxscan.jpg "Income earned from Commercial Activity cant be claimed as a Deduction u/s 80P of Income Tax Act: ITAT dismisses Appeal [Read Order]")
![ITAT upholds Addition made by AO on Money Receipts on ground of Seizure of Relevant Documents u/s 292C of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/ITAT-upheld-addition-assessing-officer-Income-Tax-Act-money-receipts-assessee-relevant-documents-income-tax-taxscan.jpg "ITAT upholds Addition made by AO on Money Receipts on ground of Seizure of Relevant Documents u/s 292C of Income Tax Act [Read Order]")
![No Penalty can be Levied u/s 271D of Income Tax Act without any Evident Reason: ITAT dismisses Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/ITAT-Penalty-No-Penalty-Income-Tax-Act-Evident-Reason-income-tax-act-taxscan.jpg "No Penalty can be Levied u/s 271D of Income Tax Act without any Evident Reason: ITAT dismisses Appeal [Read Order]")
![Reasonable Opportunity of Hearing shall be extended to assessee in Rectification Proceedings before making Addition u/s 40A (7) of Income Tax Act: ITAT directs readjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Reasonable-Opportunity-of-Hearing-Opportunity-Rectification-Proceedings-income-tax-income-tax-act-taxscan.jpeg "Reasonable Opportunity of Hearing shall be extended to assessee in Rectification Proceedings before making Addition u/s 40A (7) of Income Tax Act: ITAT directs readjudication [Read Order]")
ITAT upholds Penalty imposed for violating Provision of S.269SS of Income Tax Act due to accepting Loan from Company’s Managing Director [Read Order]
The Income Tax Appellate Tribunal (ITAT) Chennai Bench uphled the penalty imposed for violating the provision of Section 269SS of Income Tax Act 1961 due to accepting loan from companies managing...
![ITAT upholds Penalty imposed for violating Provision of S.269SS of Income Tax Act due to accepting Loan from Company’s Managing Director [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/ITAT-Penalty-violating-Provision-Income-Tax-Act-Loan-from-Companys-Managing-Director-Loan-Companys-Managing-Director-taxscan.jpg "ITAT upholds Penalty imposed for violating Provision of S.269SS of Income Tax Act due to accepting Loan from Company’s Managing Director [Read Order]")
ITAT Deletes Addition made by AO on ground of Disclosure of Genuine Documents of Land Purchase u/s 56(2)(vii) of Income Tax Act [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) deleted the addition made by the assessing officer on the ground of disclosure of genuine documents of land purchase under section...
![ITAT Deletes Addition made by AO on ground of Disclosure of Genuine Documents of Land Purchase u/s 56(2)(vii) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/ITAT-Deletes-Addition-made-by-AO-on-ground-of-Disclosure-of-Genuine-Documents-of-Land-Purchase-of-Income-Tax-Act-TAXSCAN.jpg "ITAT Deletes Addition made by AO on ground of Disclosure of Genuine Documents of Land Purchase u/s 56(2)(vii) of Income Tax Act [Read Order]")
![Re-assessment Order u/s 147 of Income Tax Act in the Name of Non-existing Entity is Invalid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Re-assessment-Order-Income-Tax-Act-Non-existing-Entity-Re-assessment-ITAT-taxscan.jpg "Re-assessment Order u/s 147 of Income Tax Act in the Name of Non-existing Entity is Invalid: ITAT [Read Order]")
ITAT Upholds Rejection of Claim of Exemption u/s 80G of Income Tax Act due to Utilisation of Income for Religious Expenses More than Prescribed Limit. [Read Order]
The Pune bench of the Income Tax Appellate Tribunal (ITAT) upheld the rejection of the claim of exemption under section 80G of the Income Tax Act,1961 due to utilization of income for religious...
![ITAT Upholds Rejection of Claim of Exemption u/s 80G of Income Tax Act due to Utilisation of Income for Religious Expenses More than Prescribed Limit. [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/ITAT-Upholds-Rejection-of-Claim-of-Exemption-of-Income-Tax-Act-due-to-Utilisation-of-Income-for-Religious-Expenses-More-than-Prescribed-Limit-TAXSCAN.jpg "ITAT Upholds Rejection of Claim of Exemption u/s 80G of Income Tax Act due to Utilisation of Income for Religious Expenses More than Prescribed Limit. [Read Order]")
Amount Received as Reimbursement of Service Tax not Includible in Gross Turnover for Purpose of Computing Taxable Income u/s 44BB of Income Tax Act: ITAT [Read Order]
The New Delhi Bench of the Income Tax Appellate Tribunal (ITAT), ruled that the amount received as reimbursement of service tax not includible in gross turnover for purpose of computing taxable...
![Amount Received as Reimbursement of Service Tax not Includible in Gross Turnover for Purpose of Computing Taxable Income u/s 44BB of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Amount-Received-Reimbursement-Service-Tax-Reimbursement-of-Service-Tax-Gross-Turnover-Computing-Taxable-Income-Taxable-Income-Taxable-Income-Tax-Act-taxscan.jpg "Amount Received as Reimbursement of Service Tax not Includible in Gross Turnover for Purpose of Computing Taxable Income u/s 44BB of Income Tax Act: ITAT [Read Order]")
Mere Non-Furnishing of Copy of Registration of Charitable Trust u/s 12A of Income Tax Act not Reason to Deny Exemption u/s 11: ITAT Sets Aside Order [Read Order]
The Chandigarh Bench of Income Tax Appellate Tribunal (ITAT) held that mere non-furnishing of a copy of the registration of charitable Trust under Section 12A of the Income Tax Act cannot be a reason...
![Mere Non-Furnishing of Copy of Registration of Charitable Trust u/s 12A of Income Tax Act not Reason to Deny Exemption u/s 11: ITAT Sets Aside Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Mere-Non-Furnishing-of-Copy-of-Registration-of-Charitable-Trust-Charitable-Trust-Income-Tax-Act-Exemption-ITAT-Sets-Aside-Order-ITAT-Order-Taxscan.jpg "Mere Non-Furnishing of Copy of Registration of Charitable Trust u/s 12A of Income Tax Act not Reason to Deny Exemption u/s 11: ITAT Sets Aside Order [Read Order]")
ITAT Upholds Deletion of Penalty imposed u/s 271(1)(c) of Income Tax Act on ground of Genuine Disclose of Payment of Non-compete Fee [Read Order]
The New Delhi bench of the Income Tax Appellate Tribunal (ITAT) upheld the deletion of the penalty imposed under section 271(1)(c) of the Income Tax Act, 1961 on the ground of the genuine disclose of...
![ITAT Upholds Deletion of Penalty imposed u/s 271(1)(c) of Income Tax Act on ground of Genuine Disclose of Payment of Non-compete Fee [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/ITAT-Upholds-Deletion-of-Penalty-imposed-Deletion-of-Penalty-ITAT-Penalty-Income-Tax-Act-Disclose-of-Payment-of-Non-compete-Fee-Payment-of-Non-compete-Fee-Taxscan.jpg "ITAT Upholds Deletion of Penalty imposed u/s 271(1)(c) of Income Tax Act on ground of Genuine Disclose of Payment of Non-compete Fee [Read Order]")