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![AO Must Record Proper Satisfaction Regarding Incorrectness of Taxpayers claim before Invoking Income Tax Rule 8D: ITAT [Read Order] 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 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...


![Income Tax Addition On Interest Income Received Out Of FDs is Invalid In Absence Of Corroborative Evidence: ITAT [Read Order] 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)
![ITAT deletes Penalty U/s 271(1)(c) for Co-operative Bank in Liquidation, Citing Full Disclosure and Lack of Concealment [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]](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)
![Submission of Professional Fee Records Deemed Sufficient: ITAT deletes Addition of Professional Fees Paid to Doctors [Read Order] 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)
![21 months Delay in Filing Income Tax Appeal due to Covid Pandemic: ITAT condones Delay citing SC Ruling [Read Order] 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)
![Advance Tax Payment Not Required For Reassessment Proceedings: ITAT overrules CIT(A) Order [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)
![Interest Rate on Secured Loan From banks Cannot be Compared with Interest Rate on Unsecured Loan: ITAT [Read Order] Interest Rate on Secured Loan From banks Cannot be Compared with Interest Rate on Unsecured Loan: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-Income-Tax-Appellate-Tribunal-Income-Tax-Appellate-Tribunal-ITAT-indore-Unsecured-Loan-interest-rate-taxscan.jpg)
![Sale of Flat Classified as Long-Term Capital Gain Based on Previous Owners Holding Period: ITAT Overturns CIT(A) Order [Read Order] Sale of Flat Classified as Long-Term Capital Gain Based on Previous Owners Holding Period: ITAT Overturns CIT(A) Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/CITA-ITAT-Commissioner-Of-Income-Tax-Appeals-long-Term-Capital-Gain-ITAT-Overturns-Income-Tax-Appellate-Tribunal-taxscan.webp)
![Insufficient Evidence to Prove Improvement Costs of Property: ITAT disallows Expense Claims [Read Order] Insufficient Evidence to Prove Improvement Costs of Property: ITAT disallows Expense Claims [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-Disallows-ITAT-Property-Expense-Claims-Income-Tax-Appellate-Tribunal-Prove-Improvement-Costs-ITAT-ahmedabad-taxscan.webp)
![Appeal delay over Mail ID Access issue and Late Discovery of CIT(A) Order: ITAT condones 601 Days [Read Order] Appeal delay over Mail ID Access issue and Late Discovery of CIT(A) Order: ITAT condones 601 Days [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/CITA-Mail-ID-CITA-Order-ITAT-601-Days-Appeal-Delay-ITAT-condones-Income-Tax-Appellate-Tribunal-taxscan.jpg)
![AO cannot Reject DCF Method For CCPS Valuation if it is made under Rule 11UA: ITAT deletes Addition [Read Order] AO cannot Reject DCF Method For CCPS Valuation if it is made under Rule 11UA: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/AO-DCF-ITAT-ITAT-Deletes-Addition-Income-Tax-Appellate-Tribunal-ITAT-Ahmedabad-Revenue-department-taxscan.jpg)
![Notice Issued u/s 148 of the Income Tax Act in the Name of a Dead Individual is Void From Beginning: ITAT [Read Order] Notice Issued u/s 148 of the Income Tax Act in the Name of a Dead Individual is Void From Beginning: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Income-Tax-Act-ITAT-Income-Tax-Income-Tax-Appellate-Tribunal-148-of-the-Income-Tax-Section-148-taxscan.jpeg)