![Bonafide- Silly Mistakes in Tax Audit Report would not attract Income Tax penalty: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Tax-Audit-Report-Income-Tax-penalty-ITAT-taxscan.jpeg "Bonafide- Silly Mistakes in Tax Audit Report would not attract Income Tax penalty: ITAT [Read Order]")
'Bonafide- Silly Mistakes' in Tax Audit Report would not attract Income Tax penalty: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad bench has held that bonafide and silly mistakes in the tax audit report would not result into...
![Activity of Pharmacy is incidental to the purpose of Running Hospital: ITAT allows Income Tax Exemption [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/pharmacy-hospital-ITAT-taxscan.jpg "Activity of Pharmacy is incidental to the purpose of Running Hospital: ITAT allows Income Tax Exemption [Read Order]")
![Foreign Travel Expenses to secure Capital Investment cannot be allowed as Business Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Foreign-Travel-Expenses-Capital-Investment-Business-Expenditure-ITAT-taxscan.jpg "Foreign Travel Expenses to secure Capital Investment cannot be allowed as Business Expenditure: ITAT [Read Order]")
![Relief to Britannia: Revision without Proper Inquiry, ITAT quashes Revision order passed u/s 263 [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Britannia-Inquiry-ITAT-Revision-order-taxscan.jpeg "Relief to Britannia: Revision without Proper Inquiry, ITAT quashes Revision order passed u/s 263 [Read Order]")
![Liquor License obtained in the Name of Benami/Employee is Illegal: ITAT disallows Business Expenditure [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Liquor-License-Benami-Employee-ITAT-Business-Expenditure-taxscan.jpg "Liquor License obtained in the Name of Benami/Employee is Illegal: ITAT disallows Business Expenditure [Read Order]")
Income Tax on Rental Income on Notional Basis not Applicable If Assessee could not find a Tenant for Relevant AY: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chennai held that Income Tax on Rental Income on a Notional Basis is not Applicable If Assessee could not find a Tenant for a Relevant Assessment Year. ...
![Income Tax on Rental Income on Notional Basis not Applicable If Assessee could not find a Tenant for Relevant AY: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Income-Tax-Rental-Income-Tenant-ITAT-taxscan.jpeg "Income Tax on Rental Income on Notional Basis not Applicable If Assessee could not find a Tenant for Relevant AY: ITAT [Read Order]")
TDS u/s 194IA not Applicable for Property Purchase If Sale Consideration paid by each Co-Owner is below Rs. 50 Lakhs: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi bench has held that the provisions of section 194IA of the Income Tax Act, 1961 will not be applicable if the consideration paid by each co-owner is...
![TDS u/s 194IA not Applicable for Property Purchase If Sale Consideration paid by each Co-Owner is below Rs. 50 Lakhs: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/TDS-Property-Purchase-ITAT-taxscan.jpeg "TDS u/s 194IA not Applicable for Property Purchase If Sale Consideration paid by each Co-Owner is below Rs. 50 Lakhs: ITAT [Read Order]")
![Income Tax Appeal not Maintainable during the course of IBC Proceedings: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Income-Tax-Appeal-IBC-ITAT-taxscan.jpeg "Income Tax Appeal not Maintainable during the course of IBC Proceedings: ITAT [Read Order]")
Recurring Charges paid to Telephone Lines are Revenue in Nature: ITAT deletes Addition to regard to Telecommunication Lines [Read Order]
The Bengaluru bench of the Income Tax Appellate Tribunal (ITAT) held that the recurring charges paid to telephone lines are revenue in nature and deletes the addition to regard to telecommunication. ...
![Recurring Charges paid to Telephone Lines are Revenue in Nature: ITAT deletes Addition to regard to Telecommunication Lines [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Recurring-Charges-telephone-lines-revenue-in-nature-ITAT-telecommunication-lines-taxscan.jpeg "Recurring Charges paid to Telephone Lines are Revenue in Nature: ITAT deletes Addition to regard to Telecommunication Lines [Read Order]")
Non-Compliance due to delay in getting Notice from Authority, Penalty U/s 271(1)(b) not sustainable: ITAT [Read Order]
Non- compliance due to delay in getting notice from the authority, the Allahabad Bench of the Income Tax Appellate Tribunal (ITAT)has held that penalty under section 271(1)(b) is not sustainable. ...
![Non-Compliance due to delay in getting Notice from Authority, Penalty U/s 271(1)(b) not sustainable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/notice-from-Authority-Penalty-ITAT-taxscan.jpeg "Non-Compliance due to delay in getting Notice from Authority, Penalty U/s 271(1)(b) not sustainable: ITAT [Read Order]")
Deduction u/s 80IA (iv) Computed with respect to each Unit Independently, without Clubbing Loss of another Unit: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Surat Bench presided by Dr. Arjun Lal Saini, Accountant Member has held that deduction under section 80IA (iv) computed with respect to each unit...
![Deduction u/s 80IA (iv) Computed with respect to each Unit Independently, without Clubbing Loss of another Unit: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Deduction-Unit-ITAT-taxscan.jpg "Deduction u/s 80IA (iv) Computed with respect to each Unit Independently, without Clubbing Loss of another Unit: ITAT [Read Order]")
![Addition of Unexplained Cash will sustain when genuineness of Transaction not proven: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/unexplained-cash-genuineness-of-transaction-ITAT-taxscan.jpg "Addition of Unexplained Cash will sustain when genuineness of Transaction not proven: ITAT [Read Order]")