![Relief to Cricket Club of India: ITAT quashes Revision u/s 263 and upholds claim of Mutuality [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Cricket-Club-of-India-ITAT-Revision-Mutuality-taxscan.jpg "Relief to Cricket Club of India: ITAT quashes Revision u/s 263 and upholds claim of Mutuality [Read Order]")
Relief to Cricket Club of India: ITAT quashes Revision u/s 263 and upholds claim of Mutuality [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has quashed revision under section 263 and upholds the claim of Mutuality by the Cricket...
![Denial of TDS in intimation order u/s 143(1) without reasons: ITAT rules Assessee entitled to credit of TDS [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/intimation-order-ITAT-assessee-TDS-taxscan.jpg "Denial of TDS in intimation order u/s 143(1) without reasons: ITAT rules Assessee entitled to credit of TDS [Read Order]")
![Nature of Land Sold is to be Ascertained based on Sale Deed Executed: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Land-Sold-Sale-Deed-ITAT-taxscan.jpg "Nature of Land Sold is to be Ascertained based on Sale Deed Executed: ITAT [Read Order]")
![Cost of Improvement and due Indexation benefit on House Property is Deductible while computing Capital Gain: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Cost-House-Property-Capital-Gain-ITAT-taxscan.jpeg "Cost of Improvement and due Indexation benefit on House Property is Deductible while computing Capital Gain: ITAT [Read Order]")
![IRP is the Authorized person to file Appeal against Assessment Order once Moratorium is declared: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/IRP-Appeal-assessment-order-Moratorium-ITAT.jpg "IRP is the Authorized person to file Appeal against Assessment Order once Moratorium is declared: ITAT [Read Order]")
Sale proceeds of Investment in Shares made as 'Investor' treated as 'Capital Gains’, not as 'Business Income': ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench has held that sale proceeds of investment in shares made as 'investor' are treated as 'capital gains’, not as 'business income'. The...
![Sale proceeds of Investment in Shares made as Investor treated as Capital Gains’, not as Business Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Investment-Investor-capital-gains-business-income-ITAT-taxscan.jpeg "Sale proceeds of Investment in Shares made as Investor treated as Capital Gains’, not as Business Income: ITAT [Read Order]")
Delay in Filing Income Tax Return under Bona fide belief that No Taxable Income: ITAT deletes Penalty u/s 271F [Read Order]
The Income Tax Appellate Tribunal (ITAT), Surat Bench presided by Pawan Singh, Judicial Member, and Dr. Arjun Lal Saini, Accountant Member has held that delay in filing Income Tax Return under bona...
![Delay in Filing Income Tax Return under Bona fide belief that No Taxable Income: ITAT deletes Penalty u/s 271F [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Income-Tax-Return-Bonafide-Belief-Taxable-Income-ITAT-Penalty-taxscan.jpeg "Delay in Filing Income Tax Return under Bona fide belief that No Taxable Income: ITAT deletes Penalty u/s 271F [Read Order]")
Father cannot be Taxed for Cash Deposit in Bank Account opened in the Name of Son once He attained Majority: ITAT [Read Order]
The Pune bench of the Income Tax Appellate Tribunal (ITAT), while deleting an addition for cash deposit, has held that the clubbing of income under the provisions of the Income Tax Act, 1961 is...
![Father cannot be Taxed for Cash Deposit in Bank Account opened in the Name of Son once He attained Majority: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Father-Cash-Deposit-Bank-Account-Son-ITAT-taxscan.jpg "Father cannot be Taxed for Cash Deposit in Bank Account opened in the Name of Son once He attained Majority: ITAT [Read Order]")
No TDS on Interest paid by Cooperative Society to Member: ITAT upholds Disallowance u/s 40(a)(ia) made by CIT(A) [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal (ITAT) held that no TDS on interest paid by cooperative society to members and upheld the disallowance u/s 40(a)(ia) of the Income Tax Act,1961...
![No TDS on Interest paid by Cooperative Society to Member: ITAT upholds Disallowance u/s 40(a)(ia) made by CIT(A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/TDS-interest-cooperative-society-member-ITAT-disallowance-CITA-taxscan.jpg "No TDS on Interest paid by Cooperative Society to Member: ITAT upholds Disallowance u/s 40(a)(ia) made by CIT(A) [Read Order]")
Forex dealers paid Cash for Purchase of Foreign Currency can be exempt as per 6DD(l): ITAT [Read Order]
The cash paid by the forex dealers for the purchase of foreign currency can be exempt as per 6 DD(1) of the Income Tax Act,1961, the Chennai bench of the Income Tax Appellate Tribunal (ITAT) held as...
![Forex dealers paid Cash for Purchase of Foreign Currency can be exempt as per 6DD(l): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Forex-dealers-foreign-currency-ITAT-taxscan.jpeg "Forex dealers paid Cash for Purchase of Foreign Currency can be exempt as per 6DD(l): ITAT [Read Order]")
Accepting Loans through Journal entries with reasonable cause will not attract Penalty u/s 271D: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench held that accepting loans through journal entries with reasonable cause will not attract penalty u/s 271D of the Income Tax Act,1961. The...
![Accepting Loans through Journal entries with reasonable cause will not attract Penalty u/s 271D: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/loans-journal-entries-ITAT-taxscan.jpg "Accepting Loans through Journal entries with reasonable cause will not attract Penalty u/s 271D: ITAT [Read Order]")
![CIT(A) shall Issue Notice before Enhancement of Addition: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/CITA-enhancement-notice-ITAT-TDS-interest-borrowed-capitals-taxscan.jpg "CIT(A) shall Issue Notice before Enhancement of Addition: ITAT [Read Order]")