![Date of Sale/Transfer of Shares included in Holding Period Calculation for Capital Gain: ITAT upholds CIT(A) Decision [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/CITA-ITAT-Upholds-Capital-Gain-Income-Tax-Appellate-Tribunal-Date-of-Sale-CITA-Decision-Commissioner-of-Income-Tax-Appeals-taxscan.webp "Date of Sale/Transfer of Shares included in Holding Period Calculation for Capital Gain: ITAT upholds CIT(A) Decision [Read Order]")
Date of Sale/Transfer of Shares included in Holding Period Calculation for Capital Gain: ITAT upholds CIT(A) Decision [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal ( ITAT ) upheld the Commissioner of Income Tax (Appeals) [CIT(A)] decision regarding...
![No Incriminating Material found during Search for Unabated AY: ITAT upholds Deletion of Additions [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-ITAT-upholds-Income-Tax-Appellate-Tribunal-Commissioner-of-Income-Tax-Appeals-CITA-Assessment-Year-taxscan.webp "No Incriminating Material found during Search for Unabated AY: ITAT upholds Deletion of Additions [Read Order]")
![Trust withdraws Income Tax Appeal Following Successful Registration u/s 12A: ITAT Dismisses Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Income-Tax-Appeal-Registration-ITAT-Dismisses-ITAT-ITAT-Dismisses-Appeal-Trust-withdraws-Income-Tax-Appellate-Tribunal-taxscan.jpg "Trust withdraws Income Tax Appeal Following Successful Registration u/s 12A: ITAT Dismisses Appeal [Read Order]")
![Cash Sales Evidence not Produced to Prove genuineness of Cash Deposit Made During Demonetisation Period: ITAT directs Fresh Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-ITAT-directs-Adjudication-Cash-Sales-Fresh-Adjudication-Cash-Deposit-Commissioner-of-Income-Tax-Commissioner-of-Income-Tax-Appeals-taxscan.webp "Cash Sales Evidence not Produced to Prove genuineness of Cash Deposit Made During Demonetisation Period: ITAT directs Fresh Adjudication [Read Order]")
![Income Computation Admitted Before CIT(A) cannot be Easily Contested at Tribunal Level: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-CITA-Income-Tax-Appellate-Tribunal-Commissioner-of-Income-Tax-Appeals-Commissioner-of-Income-Tax-Taxscan.webp "Income Computation Admitted Before CIT(A) cannot be Easily Contested at Tribunal Level: ITAT [Read Order]")
No Affidavit showing Cause of 2086-Day Delay in Filing Income Tax Appeal: ITAT upholds CIT(A) decision dismissing Appeal in-limine [Read Order]
The Pune Bench of the Income Tax Appellate Tribunal (ITAT) has upheld the decision of the Commissioner of Income Tax (Appeals) [CIT(A)], dismissing an appeal that was delayed by 2086 days. The...
![No Affidavit showing Cause of 2086-Day Delay in Filing Income Tax Appeal: ITAT upholds CIT(A) decision dismissing Appeal in-limine [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/TAT-ITAT-upholds-CITA-Income-Tax-Appeal-Income-Tax-Filing-Income-Tax-Appeal-Filing-Income-Tax-Income-Tax-Appellate-Tribunal-taxscan.jpg "No Affidavit showing Cause of 2086-Day Delay in Filing Income Tax Appeal: ITAT upholds CIT(A) decision dismissing Appeal in-limine [Read Order]")
AO Must Record Proper Satisfaction Regarding Incorrectness of Taxpayer's claim before Invoking Income Tax Rule 8D: ITAT [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal ( ITAT ) emphasized that the Assessing Officer (AO) must properly record satisfaction regarding the incorrectness of the taxpayer's claim...
![AO Must Record Proper Satisfaction Regarding Incorrectness of Taxpayers claim before Invoking Income Tax Rule 8D: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-AO-Income-Tax-Income-Tax-Rule-Assessing-Officer-Income-Tax-Appellate-Tribunal-taxpayer-taxpayers-claim-taxscan.webp "AO Must Record Proper Satisfaction Regarding Incorrectness of Taxpayers claim before Invoking Income Tax Rule 8D: ITAT [Read Order]")
Income Tax Addition On Interest Income Received Out Of FDs is Invalid In Absence Of Corroborative Evidence: ITAT [Read Order]
In a significant case, the Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has Income tax addition on interest income received out of Fixed Deposits ( FDs) is invalid in absence of corroborative...
![Income Tax Addition On Interest Income Received Out Of FDs is Invalid In Absence Of Corroborative Evidence: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-Income-Tax-Income-Tax-Addition-FD-Interest-Income-Corroborative-Evidence-Tax-Addition-Income-Tax-Appellate-Tribunal-ITAT-mumbai-taxscan.jpg "Income Tax Addition On Interest Income Received Out Of FDs is Invalid In Absence Of Corroborative Evidence: ITAT [Read Order]")
ITAT deletes Penalty U/s 271(1)(c) for Co-operative Bank in Liquidation, Citing Full Disclosure and Lack of Concealment [Read Order]
The Ahmedabad bench of Income Tax Appellate Tribunal (ITAT)Â allowed the appeal,deleted the penalty imposed under Section 271(1)(c) of the Income Tax Act, 1961 and noted that the co-operative bank in...
![ITAT deletes Penalty U/s 271(1)(c) for Co-operative Bank in Liquidation, Citing Full Disclosure and Lack of Concealment [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Penalty-Co-operative-Bank-ITAT-Deletes-Income-Tax-Appellate-Tribunal-ITAT-Deposit-Insurance-and-Credit-Guarantee-Corporation-DICGC-Section-2711c-of-the-Income-Tax-Act-taxscan.jpg "ITAT deletes Penalty U/s 271(1)(c) for Co-operative Bank in Liquidation, Citing Full Disclosure and Lack of Concealment [Read Order]")
Submission of Professional Fee Records Deemed Sufficient: ITAT deletes Addition of Professional Fees Paid to Doctors [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal ( ITAT ) deleted the addition of Rs. 2 croes made due to the disallowance of professional fees paid to doctors under Section 37(1) of...
![Submission of Professional Fee Records Deemed Sufficient: ITAT deletes Addition of Professional Fees Paid to Doctors [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/TDS-Tax-Deducted-at-Source-Consultant-Doctors-Retainer-Doctors-payment-made-to-Consultant-Doctors.jpg "Submission of Professional Fee Records Deemed Sufficient: ITAT deletes Addition of Professional Fees Paid to Doctors [Read Order]")
21 months Delay in Filing Income Tax Appeal due to Covid Pandemic: ITAT condones Delay citing SC Ruling [Read Order]
The Hyderabad Bench of the Income Tax Appellate Tribunal (ITAT) set aside the Commissioner of Income Tax (Appeals) order and allowed 21 months of delayed income tax appeal due to the COVID-19...
![21 months Delay in Filing Income Tax Appeal due to Covid Pandemic: ITAT condones Delay citing SC Ruling [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-Income-Tax-Appeal-Filing-Income-Tax-Appeal-Income-Tax-Tax-Appeal-Income-Tax-Appellate-Tribunal-ITAT-hyderabad-Commissioner-of-Income-Tax-Appeals-taxscan.jpg "21 months Delay in Filing Income Tax Appeal due to Covid Pandemic: ITAT condones Delay citing SC Ruling [Read Order]")
![Advance Tax Payment Not Required For Reassessment Proceedings: ITAT overrules CIT(A) Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Advance-Tax-Payment-Required-For-Reassessment-Proceedings-ITAT-overrules-CITA-Order-TAXSCAN.jpg "Advance Tax Payment Not Required For Reassessment Proceedings: ITAT overrules CIT(A) Order [Read Order]")