![S.54F Income Tax Deduction for LTCG can be claimed when Invested in Residential Property: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/Income-Tax-Deduction-LTCG-claimed-Invested-Residential-Property-ITAT-taxscan.jpg "S.54F Income Tax Deduction for LTCG can be claimed when Invested in Residential Property: ITAT [Read Order]")
S.54F Income Tax Deduction for LTCG can be claimed when Invested in Residential Property: ITAT [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) contended that Section 54F of the Income Tax Act, 1961 allows for a deduction on...
![LTCG on Sale of Shares by Mauritius Company Not Liable to Be Taxed in India: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/Itat-itat-news-Sale-of-Shares-Mauritius-Company-Not-Liable-tax-news-itat-on-ltcg-itat-about-ltcg-ltcg-about-Mauritius-Company-ltcg-news-taxscan.jpg "LTCG on Sale of Shares by Mauritius Company Not Liable to Be Taxed in India: ITAT [Read Order]")
![AO cannot make Income Additions Solely based on Retracted Statement of Third-Parties: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/Itat-Income-Tax-Appellate-Tribunal-Ao-Retracted-Statement-Retracted-Statement-of-Third-Parties-Income-Additions-itat-news-income-tax-news-tax-news-taxscan.jpg "AO cannot make Income Additions Solely based on Retracted Statement of Third-Parties: ITAT [Read Order]")
Mere Suspicion cannot be a Ground for Issuance of Notice u/s 148 of the Income Tax Act: ITAT [Read Order]
In a recent case, the Kolkata Bench of The Income Tax Appellate Tribunal ( ITAT ) has held that mere suspicion cannot be a ground for issuance of notice under section 148 of the Income Tax Act,...
![Mere Suspicion cannot be a Ground for Issuance of Notice u/s 148 of the Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/Suspicion-mere-suspicion-tax-news-tax-scan.jpg "Mere Suspicion cannot be a Ground for Issuance of Notice u/s 148 of the Income Tax Act: ITAT [Read Order]")
Taxpayer provides proper explanation and Documentary Evidence for Agricultural Income: ITAT deletes addition of Rs.16.4 Lakhs [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) deleted the addition of Rs.16.4 lakhs after the taxpayer provided a proper explanation and documentary evidence for their agricultural...
![Taxpayer provides proper explanation and Documentary Evidence for Agricultural Income: ITAT deletes addition of Rs.16.4 Lakhs [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/tax-news-taxpayer-agriculture-income-itat-itat-news-Income-Tax-Appellate-Tribunal-explanation-and-Documentary-Evidence-for-Agricultural-Income-TAXSCAN.jpg "Taxpayer provides proper explanation and Documentary Evidence for Agricultural Income: ITAT deletes addition of Rs.16.4 Lakhs [Read Order]")
AO Fails to Probe Evidence, Relies Solely on Non-Production of Directors of Subscribing Companies: ITAT Deletes Section 68 Addition [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal ( ITAT ) deleted the Section 68 addition under Income Tax Act, 1961, noting that the Assessing Officer ( AO ) failed to investigate the evidence...
Mistakes from Typographical Error not leading to Tax Evasion is not unexplained Cash Credit: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal observed that Mistakes from typographical error not leading to tax evasion is not unexplained cash credit. The assesse, having filed his...
![Mistakes from Typographical Error not leading to Tax Evasion is not unexplained Cash Credit: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/ITAT-Mumbai-ITAT-Income-Tax-Appellate-Tax-Evasion-Income-Tax-TAXSCAN-1.jpg "Mistakes from Typographical Error not leading to Tax Evasion is not unexplained Cash Credit: ITAT [Read Order]")
![NCLT dismisses CIRP Application aimed to avoid Income Tax Liability, slaps Rs 1 Lakh Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Penalty-CIRP-NCLT-penalty-taxscan.jpg "NCLT dismisses CIRP Application aimed to avoid Income Tax Liability, slaps Rs 1 Lakh Penalty [Read Order]")
79 Days of Delay In Filing Appeal under Income Tax Act: Delhi HC Condones Delay Considering Review proceedings Initiated by Assesse [Read Order]
The Delhi High Court condoned the 79 days of delay in filing an appeal under the Income Tax Act, 1961 considering the time review proceedings initiated. The assessee filed the review application for...
![79 Days of Delay In Filing Appeal under Income Tax Act: Delhi HC Condones Delay Considering Review proceedings Initiated by Assesse [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Condones-Delay-high-court-news-Income-Tax-Act-taxscan.jpg "79 Days of Delay In Filing Appeal under Income Tax Act: Delhi HC Condones Delay Considering Review proceedings Initiated by Assesse [Read Order]")