![ITAT deletes addition made on account of notional ALV on unsold flats held as stock-in-trade [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Income-Tax-Appellate-Tribunal-stock-in-trade-notional-ALV-notional-Annual-Letting-Value-business-income-Taxscan.jpg "ITAT deletes addition made on account of notional ALV on unsold flats held as stock-in-trade [Read Order]")
ITAT deletes addition made on account of notional ALV on unsold flats held as stock-in-trade [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai bench, deleted the addition made on account of the notional Annual Letting Value (ALV) on unsold...
![CPC cant make an Addition u/s 50C of Income Tax Act without giving proper opportunity to Assessee: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/CPC-ITAT-Centralized-Processing-Centre-Income-Tax-Act-Assessee-opportunity-Income-TAXSCAN.jpg "CPC cant make an Addition u/s 50C of Income Tax Act without giving proper opportunity to Assessee: ITAT [Read Order]")
![Addition shall not be sustained solely on basis of AIR information and when Receipt declared by Assessee far exceeds the Amount: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/ITAT-AIR-information-exceeds-the-Amount-Income-Tax-Appellate-Tribunal-Income-Tax-Appellate-Annual-Information-Return-AIR-TAXSCAN.jpg "Addition shall not be sustained solely on basis of AIR information and when Receipt declared by Assessee far exceeds the Amount: ITAT [Read Order]")
Disciplinary Proceedings against Income Tax Commissioner on allowing Unsubstantiated claims of sub-contract expenses by wrong finding: Delhi HC upholds CAT'S Order [Read Order]
The Delhi High Court upheld the order of the Central Administrative Tribunal (CAT) which confirmed the disciplinary proceeding against the Income Tax commissioner for allowing unsubstantiated claims...
![Disciplinary Proceedings against Income Tax Commissioner on allowing Unsubstantiated claims of sub-contract expenses by wrong finding: Delhi HC upholds CATS Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Disciplinary-Proceedings-Income-Tax-Commissioner-Unsubstantiated-Claims-delhi-hc-taxscan.jpg "Disciplinary Proceedings against Income Tax Commissioner on allowing Unsubstantiated claims of sub-contract expenses by wrong finding: Delhi HC upholds CATS Order [Read Order]")
No Violation of Proviso to Provision of Section 2(15) of Income Tax Act: ITAT Set Aside Revision Order on Exemption u/s 11[Read Order]
The Chennai Bench of Income Tax Appellate Tribunal (ITAT) has set aside the revision order on exemption under Section 11 of the Income Tax Act 1961 holding that no violation of proviso to provision...
![No Violation of Proviso to Provision of Section 2(15) of Income Tax Act: ITAT Set Aside Revision Order on Exemption u/s 11[Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/No-Violation-of-Proviso-to-Provision-Income-Tax-Act-ITAT-Aside-Revision-Order-on-Exemption-TAXSCAN.jpg "No Violation of Proviso to Provision of Section 2(15) of Income Tax Act: ITAT Set Aside Revision Order on Exemption u/s 11[Read Order]")
![Disallowance of Bogus LTCG is Invalid in Absence of Incriminating Material: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/LTCG-income-tax-income-taxs-news-Incriminating-Material-Disallowance-of-Bogus-Income-Tax-act-TAXSCAN.jpg "Disallowance of Bogus LTCG is Invalid in Absence of Incriminating Material: ITAT [Read Order]")
Mere whims and fancies by AO, Ignoring Sustainable Vital Evidence: ITAT deletes Addition u/s 69A of Income Tax Act [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) deleted the addition under Section 69A of the Income Tax Act, 1961 due to mere whims and fancies of the Assessing Officer and ignoring the...
![Mere whims and fancies by AO, Ignoring Sustainable Vital Evidence: ITAT deletes Addition u/s 69A of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/whims-fancies-Mere-whims-and-fancies-by-AO-AO-Vital-Evidence-taxscan.jpg "Mere whims and fancies by AO, Ignoring Sustainable Vital Evidence: ITAT deletes Addition u/s 69A of Income Tax Act [Read Order]")
![Defect in Share Valuation under Income Tax Act: Delhi HC Remands for Re-adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Defect-in-Share-Valuation-Income-Tax-Act-Delhi-High-Court-Remands-Re-adjudication-taxscan.jpg "Defect in Share Valuation under Income Tax Act: Delhi HC Remands for Re-adjudication [Read Order]")
