![Modification carried out on-premises in Small Scale Repair does not constitute Capital Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/premises-small-scale-repair-capital-expenditure-ITAT-taxscan.jpg "Modification carried out on-premises in Small Scale Repair does not constitute Capital Expenditure: ITAT [Read Order]")
Modification carried out on-premises in Small Scale Repair does not constitute Capital Expenditure: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Surat Bench has held that modification carried out on-premises in small scale repair does not constitute...
![Legal Heirs Unaware of Details and Failed to Produce Additional Evidence before Lower Authority: ITAT Remands Matter back to AO [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Legal-Heirs-Additional-Evidence-Lower-authority-ITAT-AO-taxscan.jpg "Legal Heirs Unaware of Details and Failed to Produce Additional Evidence before Lower Authority: ITAT Remands Matter back to AO [Read Order]")
![Non-response to Income Tax Notices due to Pandemic is Reasonable Cause for Delay: ITAT Orders Fresh Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Income-Tax-Notices-ITAT-Adjudication-taxscan.jpeg "Non-response to Income Tax Notices due to Pandemic is Reasonable Cause for Delay: ITAT Orders Fresh Adjudication [Read Order]")
![Loan from Close Relatives & Friends cannot be treated as Unexplained to invoke S. 68: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Loan-Close-Relatives-Friends-ITAT-taxscan.jpg "Loan from Close Relatives & Friends cannot be treated as Unexplained to invoke S. 68: ITAT [Read Order]")
![Non-Cooperation with Dept cannot be Sole ground for Addition u/s 69A: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Dept-sole-ground-ITAT-taxscan.jpg "Non-Cooperation with Dept cannot be Sole ground for Addition u/s 69A: ITAT [Read Order]")
Amendments to Sections 43B and 36(1)(va) of the Income Tax Act cannot have Retrospective Effect since It Imposes Liability on Assessee: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that the amendments to sections 43B and 36(1)(va) of the Income Tax Act, 1961 cannot have retrospective effect since the...
![Amendments to Sections 43B and 36(1)(va) of the Income Tax Act cannot have Retrospective Effect since It Imposes Liability on Assessee: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Income-Tax-Act-Retrospective-Effect-Liability-Assessee-ITAT-taxscan.jpg "Amendments to Sections 43B and 36(1)(va) of the Income Tax Act cannot have Retrospective Effect since It Imposes Liability on Assessee: ITAT [Read Order]")
Amended Provisions relating to Income Tax Deduction towards Contribution towards ESI and PF not applicable to AY 2018-19: ITAT [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) has held that the amended provisions of section 43B and 36(1)(va) of the Income Tax Act, 1961 relating to employees’ contribution...
![Amended Provisions relating to Income Tax Deduction towards Contribution towards ESI and PF not applicable to AY 2018-19: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Amended-Provisions-Deduction-Contribution-ESI-and-PF-AY-ITAT-Taxscan.jpeg "Amended Provisions relating to Income Tax Deduction towards Contribution towards ESI and PF not applicable to AY 2018-19: ITAT [Read Order]")
Grievances of Assessee was not Addressed: Calcutta High Court quashes Income Tax Assessment [Read Order]
The Calcutta High Court has quashed an Income Tax assessment order for the reason that the grievances of the assessee were not properly addressed by the department. The petitioner has challenged...
![Grievances of Assessee was not Addressed: Calcutta High Court quashes Income Tax Assessment [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Grievances-Assessee-ITAT-quashes-Income-Tax-Assessment-Taxscan.jpg "Grievances of Assessee was not Addressed: Calcutta High Court quashes Income Tax Assessment [Read Order]")
ITAT quashes Revisional Order on ground of Failure to Mention how the Action of AO while framing the Assessment order is Erroneous [Read Order]
The Income Tax Appellate Tribunal (ITAT), Kolkata bench has quashed a revisional order passed under section 263 of the Income Tax Act, 1961 on the ground that the Commissioner failed to mention the...
![ITAT quashes Revisional Order on ground of Failure to Mention how the Action of AO while framing the Assessment order is Erroneous [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/ITAT-Revisional-Order-AO-Assessment-order-Erroneous-Taxscan.jpg "ITAT quashes Revisional Order on ground of Failure to Mention how the Action of AO while framing the Assessment order is Erroneous [Read Order]")
Addition in respect of Penny Stock cannot be made without Incriminating Material found during Search: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) Mumbai bench has held that long term capital gains arising from a penny stock transaction cannot be denied exemption under the Income Tax Act, 1961 on the...
![Addition in respect of Penny Stock cannot be made without Incriminating Material found during Search: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Addition-Penny-Stock-Incriminating-Material-ITAT-Taxscan.jpg "Addition in respect of Penny Stock cannot be made without Incriminating Material found during Search: ITAT [Read Order]")
Compensation for Sterilization of the Profit Earning Source is a Capital Receipt and not Liable to Tax: ITAT [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal ( ITAT ) has held that the amount of compensation received by the assesse for sterilization of the profit earning source is a capital receipt...
![Compensation for Sterilization of the Profit Earning Source is a Capital Receipt and not Liable to Tax: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Compensation-Sterilization-Profit-Earning-Source-Capital-Receipt-Liable-to-Tax-ITAT-Taxscan.jpg "Compensation for Sterilization of the Profit Earning Source is a Capital Receipt and not Liable to Tax: ITAT [Read Order]")