![Principle of Res Judicata not Applicable to Income Tax Proceedings as Each Year is a Separate Event: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Principle-of-Res-Judicata-Income-Tax-Proceedings-ITAT-Income-Tax-taxscan.jpg "Principle of Res Judicata not Applicable to Income Tax Proceedings as Each Year is a Separate Event: ITAT [Read Order]")
Principle of Res Judicata not Applicable to Income Tax Proceedings as Each Year is a Separate Event: ITAT [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has held that the principle of Res judicata would not be applicable to the income tax...
![No Addition shall be made towards part of amount received from Construction Activities in Villa based on total Sale Consideration: ITAT directs Re-adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/amount-received-from-Construction-Activities-in-Villa-based-on-total-Sale-Consideration-amount-received-Sale-Consideration-ITAT-directs-Re-adjudication-Construction-Activities-in-Villa-taxscan.jpeg "No Addition shall be made towards part of amount received from Construction Activities in Villa based on total Sale Consideration: ITAT directs Re-adjudication [Read Order]")
![Failure to prove sufficient cause to condone delay in filing appeal against revision order passed u/s 263 of Income Tax Act: ITAT dismisses appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Failure-to-prove-sufficient-cause-to-condone-delay-filing-appeal-against-revision-order-condone-delay-Income-Tax-Act-revision-order-ITAT-dismisses-appeal-ITAT-appeal-taxscan.jpg "Failure to prove sufficient cause to condone delay in filing appeal against revision order passed u/s 263 of Income Tax Act: ITAT dismisses appeal [Read Order]")
![Amount of Subsidy received towards Investment made in expansion of Industrial unit shall be Characterized as Capital receipt: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Amount-of-Subsidy-received-Investment-made-in-expansion-of-Industrial-unit-Amount-of-Subsidy-expansion-of-Industrial-unit-Capital-receipt-ITAT-taxscan.jpg "Amount of Subsidy received towards Investment made in expansion of Industrial unit shall be Characterized as Capital receipt: ITAT [Read Order]")
Claim of Deduction u/s 80P (2) of Income Tax Act by Co-op Society cannot be Denied on Breach of Principle of Mutuality or Violation of Bye Law: ITAT [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has held that the claim of deduction under Section 80P (2) of Income Tax Act 1961 by cooperative society could not be denied on breach of...
![Claim of Deduction u/s 80P (2) of Income Tax Act by Co-op Society cannot be Denied on Breach of Principle of Mutuality or Violation of Bye Law: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Claim-of-Deduction-Income-Tax-Act-by-Co-op-Society-Deduction-Breach-of-Principle-of-Mutuality-Violation-of-Bye-Law-ITAT-taxscan.jpg "Claim of Deduction u/s 80P (2) of Income Tax Act by Co-op Society cannot be Denied on Breach of Principle of Mutuality or Violation of Bye Law: ITAT [Read Order]")
Rejection of Application of Charitable Trust for Registration by Non- Application of Mind is not Sustainable: ITAT [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) held that the reason given by the CIT (E) to reject the application for registration under Section 12AB & 80G of the Income Tax Act, 1961...
![Rejection of Application of Charitable Trust for Registration by Non- Application of Mind is not Sustainable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Rejection-of-Application-of-Charitable-Trust-Registration-by-Non-Application-of-Mind-Charitable-Trust-ITAT-Non-Application-of-Mind-Rejection-of-Application-taxscan.jpg "Rejection of Application of Charitable Trust for Registration by Non- Application of Mind is not Sustainable: ITAT [Read Order]")
Purchase and Sale of Share through Registered Stock Broker carried out through Demat Account cannot be Declared as Unexplained Income u/s 68 of Income Tax Act: ITAT [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) held that AO was not justified in assessing the sale value of shares as unexplained cash credit in both the years under consideration and...
![Purchase and Sale of Share through Registered Stock Broker carried out through Demat Account cannot be Declared as Unexplained Income u/s 68 of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Purchase-Sale-of-Share-Registered-Stock-Broker-Demat-Account-cannot-be-Declared-as-Unexplained-Income-Income-Tax-Act-ITAT-Unexplained-Income-Demat-Account-taxscan.jpg "Purchase and Sale of Share through Registered Stock Broker carried out through Demat Account cannot be Declared as Unexplained Income u/s 68 of Income Tax Act: ITAT [Read Order]")
Delay in filling Form 67 doesn't result in disallowance of Foreign Tax Credit under Rule 128(9) of Income Tax Rules: ITAT grants claim on FTS [Read Order]
The Jaipur bench of the Income Tax Appellate Tribunal (ITAT) held that the delay in filling Form 67 doesn’t result in disallowance of the Foreign Tax Credit (FTS) under Rule 128(9) of the Income Tax...
![Delay in filling Form 67 doesnt result in disallowance of Foreign Tax Credit under Rule 128(9) of Income Tax Rules: ITAT grants claim on FTS [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Delay-in-filling-Form-67-disallowance-of-Foreign-Tax-Credit-filling-Form-67-Foreign-Tax-Credit-Income-Tax-Income-Tax-Rules-ITAT-grants-claim-on-FTS-taxscan.jpg "Delay in filling Form 67 doesnt result in disallowance of Foreign Tax Credit under Rule 128(9) of Income Tax Rules: ITAT grants claim on FTS [Read Order]")
Education Trust cannot Claim Income Tax Exemption u/s 10(23C)(vi) of Income Tax Act If Activities Include Medical Objectives: ITAT [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) denied income tax exemption under Section 10(23C)(vi) of Income Tax Act,1961 for income earned from educational institution to charitable...
![Education Trust cannot Claim Income Tax Exemption u/s 10(23C)(vi) of Income Tax Act If Activities Include Medical Objectives: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Education-Trust-cannot-Claim-Income-Tax-Exemption-Income-Tax-Act-Income-Tax-Exemption-Income-Tax-Education-Trust-Medical-Objectives-ITAT-taxscan.jpg "Education Trust cannot Claim Income Tax Exemption u/s 10(23C)(vi) of Income Tax Act If Activities Include Medical Objectives: ITAT [Read Order]")
Facility Management Services Income Taxable as "Business Income", Eligible for Applicable Statutory Deductions: ITAT directs Re-Determination of Income [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal Held that Commissioner of Income Tax (Appeals) [CIT (A)] defaulted in recharacterizing the rental income as business income and arbitrarily...
![Facility Management Services Income Taxable as Business Income, Eligible for Applicable Statutory Deductions: ITAT directs Re-Determination of Income [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Facility-Management-Services-Income-Business-Income-Statutory-Deductions-ITAT-directs-Re-Determination-of-Income-Deductions-Re-Determination-of-Income-taxscan.jpg "Facility Management Services Income Taxable as Business Income, Eligible for Applicable Statutory Deductions: ITAT directs Re-Determination of Income [Read Order]")
Absence of Cross-Verification u/s 133(6) Should Not Be Sole Basis to Disallow Expenses: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that the absence of cross-verification under Section 133(6) of the Income Tax Act, 1961 should not be taken as the sole basis to...
![Absence of Cross-Verification u/s 133(6) Should Not Be Sole Basis to Disallow Expenses: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Absence-of-Cross-Verification-Disallow-Expenses-ITAT-Cross-Verification-taxscan.jpg "Absence of Cross-Verification u/s 133(6) Should Not Be Sole Basis to Disallow Expenses: ITAT [Read Order]")