![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]")
Non-Cooperation with Dept cannot be Sole ground for Addition u/s 69A: ITAT [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) has held that mere non-cooperation with the department cannot be the sole ground to...
![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]](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]](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]")
Declaration of Income under IDS, 2016 not a Reasonable Cause for Non-filing of Income Tax Return: ITAT upholds Penalty [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai bench, while upholding a penalty order passed under section 271F of the Income Tax Act, 1961 held that the declaration of income under the Income...
![Declaration of Income under IDS, 2016 not a Reasonable Cause for Non-filing of Income Tax Return: ITAT upholds Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Declaration-of-income-IDS-Income-Tax-Return-ITAT-Penalty-Taxsscan.jpg "Declaration of Income under IDS, 2016 not a Reasonable Cause for Non-filing of Income Tax Return: ITAT upholds Penalty [Read Order]")
Relief to Bajaj Foods Ltd: ITAT directs Income Tax Dept to verify Payments to Foreign Ship Companies [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT), while granting an interim relief to the assessee, Bajaj Foods Ltd, directed the income tax department to reconsider the TDS default...
![Relief to Bajaj Foods Ltd: ITAT directs Income Tax Dept to verify Payments to Foreign Ship Companies [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Relief-Bajaj-Foods-Ltd-ITAT-Income-Tax-Dept-Payments-Foreign-Ship-Companies-Taxscan-1.jpeg "Relief to Bajaj Foods Ltd: ITAT directs Income Tax Dept to verify Payments to Foreign Ship Companies [Read Order]")
Carry Forward of Business Loss cannot be denied merely for not getting Statutory Audit / Tax Audit done: ITAT [Read Order]
The Cochin bench of the Income Tax Appellate Tribunal (ITAT) has held that the carry forward of business loss cannot be denied to the assessee merely on the ground that the statutory audit/tax audit...
![Carry Forward of Business Loss cannot be denied merely for not getting Statutory Audit / Tax Audit done: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Carry-Forward-Business-Loss-denied-Statutory-Audit-Tax-Audit-ITAT-Taxscan.jpg "Carry Forward of Business Loss cannot be denied merely for not getting Statutory Audit / Tax Audit done: ITAT [Read Order]")
Assessee can Challenge the Inclusion of Comparable even If it Clears the Filters: Delhi HC [Read Judgment]
The High Court of Delhi, while upholding the ruling of Income Tax Appellate Tribunal (ITAT) held that since none of the comparables have been excluded on the ground of high turnover alone, the test of...
![Assessee can Challenge the Inclusion of Comparable even If it Clears the Filters: Delhi HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2019/11/Form-TRAN-1-Delhi-High-Court-Taxscan.jpg "Assessee can Challenge the Inclusion of Comparable even If it Clears the Filters: Delhi HC [Read Judgment]")