![Failure to comply with Valuation as per Stamp Duty u/s 50C will not render Assessment Erroneous If Sale was under SARFEASI Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Stamp-Duty-Assessment-SARFEASI-Act-ITAT-taxscan.jpeg "Failure to comply with Valuation as per Stamp Duty u/s 50C will not render Assessment Erroneous If Sale was under SARFEASI Act: ITAT [Read Order]")
Failure to comply with Valuation as per Stamp Duty u/s 50C will not render Assessment 'Erroneous' If Sale was under SARFEASI Act: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi bench comprising N.K. Billaiya, Accountant Member, and Shri Yogesh Kumar, Judicial Memberhave...
![Income Tax Addition u/s 68 cannot sustain when Source of Credit is Explained with Details of Creditors: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Income-Tax-Addition-Credit-Creditors-ITAT-taxscan.jpg "Income Tax Addition u/s 68 cannot sustain when Source of Credit is Explained with Details of Creditors: ITAT [Read Order]")
![Subscription to Cloud Services not Royalty as Indo-US Treaty: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Subscription-Cloud-Services-Royalty-Indo-US-Treaty-ITAT-taxscan.jpeg "Subscription to Cloud Services not Royalty as Indo-US Treaty: ITAT [Read Order]")
![Deduction u/s 80IB (10) should not be denied merely because of non-acceptance of Occupancy Certificate: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Deduction-occupancy-certificate-ITAT-taxscan.jpg "Deduction u/s 80IB (10) should not be denied merely because of non-acceptance of Occupancy Certificate: ITAT [Read Order]")
![Surplus returned from Common Fund contributed by persons together doesnt amount to profit, No need to be taxed: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Surplus-returned-profit-ITAT-taxscan.jpeg "Surplus returned from Common Fund contributed by persons together doesnt amount to profit, No need to be taxed: ITAT [Read Order]")
Income Received under FPS introduced under Foreign Trade Policy 2004 are Capital Receipts, attracts Deduction u/s 80IC: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench has held that income received under Focus Products Scheme (FPS) introduced under Foreign Trade Policy 2004 are capital receipts and attracts...
![Income Received under FPS introduced under Foreign Trade Policy 2004 are Capital Receipts, attracts Deduction u/s 80IC: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Income-FPS-Foreign-Trade-Policy-Capital-Receipts-Deduction-ITAT-taxscan.jpg "Income Received under FPS introduced under Foreign Trade Policy 2004 are Capital Receipts, attracts Deduction u/s 80IC: ITAT [Read Order]")
![Levy of Late Fee is Automatic If Delay in filing TDS Statement is Proved: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/TDS-Late-Fee-late-fee-automatic-ITAT-taxscan.jpeg "Levy of Late Fee is Automatic If Delay in filing TDS Statement is Proved: ITAT [Read Order]")
Assessment Order passed after making necessary Inquiries can’t be 'Erroneous': ITAT quashes Revisional Order [Read Order]
While quashing the revisional order passed by PCIT the Rajkot bench of the Income Tax Appellate Tribunal held that the assessment order passed after making necessary inquiries can’t be “Erroneous’. ...
![Assessment Order passed after making necessary Inquiries can’t be Erroneous: ITAT quashes Revisional Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Assessment-order-ITAT-Revisional-Order-taxscan.jpeg "Assessment Order passed after making necessary Inquiries can’t be Erroneous: ITAT quashes Revisional Order [Read Order]")
Cash Deposit by Real Estate Agent is Sustainable as not Confirmed by Investor or Builder: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench has held that cash deposit by a real estate agent is sustainable, not confirmed by an investor or builder. The appellant, Mayank Kumar Garg,...
![Cash Deposit by Real Estate Agent is Sustainable as not Confirmed by Investor or Builder: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Cash-Deposit-Real-Estate-Agent-Investor-Builder-ITAT-taxscan.jpg "Cash Deposit by Real Estate Agent is Sustainable as not Confirmed by Investor or Builder: ITAT [Read Order]")
![Order passed u/s 263 will not sustainable when no error in Assessment Order: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Order-assessment-order-ITAT-taxscan.jpg "Order passed u/s 263 will not sustainable when no error in Assessment Order: ITAT [Read Order]")
Mandatory Declaration of Number of Lorry u/s 194C (6) applicable prospectively from 1st June 2015 onwards: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench has held that mandatory declaration of the number of lorry u/s 194C (6) is applicable prospectively from 1st June 2015 onwards. The appellant,...
![Mandatory Declaration of Number of Lorry u/s 194C (6) applicable prospectively from 1st June 2015 onwards: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Mandatory-Declaration-Lorry-ITAT-taxscan.jpg "Mandatory Declaration of Number of Lorry u/s 194C (6) applicable prospectively from 1st June 2015 onwards: ITAT [Read Order]")
ITAT upholds Addition of Income from Cricket Betting as Business Income applying 1% of GP [Read Order]
Income Tax Appellate Tribunal (ITAT), Ahmedabad bench consisting of Pramod M Jagtap, Vice President and Suchitra R Kamble, Judicial Member upheld addition of Income from Cricket Betting as Business...
![ITAT upholds Addition of Income from Cricket Betting as Business Income applying 1% of GP [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/ITAT-Income-Cricket-Betting-Business-Income-GP-TAXSCAN.jpeg "ITAT upholds Addition of Income from Cricket Betting as Business Income applying 1% of GP [Read Order]")