![AO Fails to Clarify Concealment of Particulars of Income or Furnished Inaccurate Particulars: Delhi HC quashes 300% Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/AO-Fails-to-Clarify-Concealment-of-Particulars-of-Income-Delhi-Highcourt-quashes-300-Penalty-Penalty-Concealment-of-Particulars-of-Income-Delhi-Highcourt-taxscan.jpg "AO Fails to Clarify Concealment of Particulars of Income or Furnished Inaccurate Particulars: Delhi HC quashes 300% Penalty [Read Order]")
AO Fails to Clarify Concealment of Particulars of Income or Furnished Inaccurate Particulars: Delhi HC quashes 300% Penalty [Read Order]
The Delhi High Court quashed the 300% penalty imposed under Section 271(1)(c) of the Income Tax Act, 1961 on grounds that the Assessing Officer (AO)...
![Bonafide Impression that Predecessor Already Submitted AIR Not A Reasonable Cause for Delay of 526 Days: Kerala HC Upholds Penalty u/s 271FA of IT Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Bonafide-Impression-that-Predecessor-Already-Submitted-AIR-Reasonable-Cause-v-Kerala-HC-Upholds-Penalty-of-IT-Act-TAXSCAN.jpg "Bonafide Impression that Predecessor Already Submitted AIR Not A Reasonable Cause for Delay of 526 Days: Kerala HC Upholds Penalty u/s 271FA of IT Act [Read Order]")
![Interest Income earned by Cooperative Bank on Investments made with other Cooperative Bank is eligible for Deduction u/s 80P(2)(a)(i) Income Tax Act: ITAT deletes Revision Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Interest-Income-Cooperative-Bank-Investments-Cooperative-Bank-eligible-Deduction-ITAT-TAXSCAN.jpg "Interest Income earned by Cooperative Bank on Investments made with other Cooperative Bank is eligible for Deduction u/s 80P(2)(a)(i) Income Tax Act: ITAT deletes Revision Order [Read Order]")
![Notices of Hearing not received on Grounds of Technical Glitches in ITBA Portal : ITAT Directs Fresh Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Notices-Hearing-received-Grounds-Technical-Glitches-ITBA-Portal-ITAT-Fresh-Adjudication-TAXSCAN.jpg "Notices of Hearing not received on Grounds of Technical Glitches in ITBA Portal : ITAT Directs Fresh Adjudication [Read Order]")
![AO Fails to Verify Additional Evidence in violation of Rule 46A of Income Tax Rules: ITAT directs Readjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/AO-Fails-to-Verify-Additional-Evidence-Income-Tax-Rules-Additional-Evidence-ITAT-directs-Readjudication-taxscan.jpg "AO Fails to Verify Additional Evidence in violation of Rule 46A of Income Tax Rules: ITAT directs Readjudication [Read Order]")
ITAT deletes addition made u/s 69 of Income Tax Act on Account of Gold Loan obtained from Partner which recorded under Books of Account [Read Order]
The Income Tax Appellate Tribunal (ITAT) Kolkata Bench deleted the addition made under Section 69 of Income Tax Act, 1961 on account of gold loan obtained from partner which was recorded under books...
![ITAT deletes addition made u/s 69 of Income Tax Act on Account of Gold Loan obtained from Partner which recorded under Books of Account [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/ITAT-Income-Tax-Act-Account-Gold-Loan-Partner-recorded-Books-Account-TAXSCAN.jpg "ITAT deletes addition made u/s 69 of Income Tax Act on Account of Gold Loan obtained from Partner which recorded under Books of Account [Read Order]")
 ITAT upholds disallowance made u/s 35(1)(ii) of Income Tax Act towards donation given to School of Human Genetics and Population [Read Order]
The Income Tax Appellate Tribunal (ITAT) Kolkata Bench upheld disallowance made under Section 35(1)(ii) of Income Tax Act, 1961 towards donation given to school of Human Genetics and Population ...
![Â ITAT upholds disallowance made u/s 35(1)(ii) of Income Tax Act towards donation given to School of Human Genetics and Population [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/ITAT-upholds-disallowance-Income-Tax-Act-towards-donation-donation-given-to-School-of-Human-Genetics-and-Population-Income-Tax-Act-School-of-Human-Genetics-and-Population-taxscan.jpg "Â ITAT upholds disallowance made u/s 35(1)(ii) of Income Tax Act towards donation given to School of Human Genetics and Population [Read Order]")
ITAT upholds enhanced addition relating to Advertising & Marketing Expense due to failure to substantiate Business Purpose [Read Order]
The Income Tax Appellate Tribunal (ITAT) Delhi Bench upheld the enhanced addition relating to advertising and marketing expenses due to failure to substantiate business purpose. The assessee HPL...
![ITAT upholds enhanced addition relating to Advertising & Marketing Expense due to failure to substantiate Business Purpose [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/ITAT-Advertising-Marketing-Expense-Business-Purpose-taxscan.jpg "ITAT upholds enhanced addition relating to Advertising & Marketing Expense due to failure to substantiate Business Purpose [Read Order]")
ITAT Deletes Disallowance on Ocean Freight Charges Paid to Korean AE as Amount can be Taxable only in Contracting States [Read Order]
The Chennai Bench of the Income Tax Appellate Tribunal (ITAT) has deleted the disallowance of ocean freight charges paid to Korean-associated enterprises (AE)since the amount can be taxable only in...
![ITAT Deletes Disallowance on Ocean Freight Charges Paid to Korean AE as Amount can be Taxable only in Contracting States [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/CESTAT-Demand-Service-Tax-on-Ocean-Freight-Charges-Demand-of-Service-Tax-Ocean-Freight-Charges-taxscan.jpg "ITAT Deletes Disallowance on Ocean Freight Charges Paid to Korean AE as Amount can be Taxable only in Contracting States [Read Order]")
![Delay in Filing Appeal due to Medical Treatment: ITAT Condones Delay of 259 Days [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Delay-Filing-Appeal-Medical-Treatment-ITAT-Condones-Delay-TAXSCAN.jpg "Delay in Filing Appeal due to Medical Treatment: ITAT Condones Delay of 259 Days [Read Order]")
Payment Made to Dealers for Sale of Fertilizers are in Nature of Rebates, No TDS: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) Chennai Bench recently held that the payment made to dealers for sale of fertilizers are in the nature of rebates.Hence,no Tax Deduction at Source should be...
![Payment Made to Dealers for Sale of Fertilizers are in Nature of Rebates, No TDS: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Payment-made-to-dealers-Sale-of-Fertilizers-Rebates-TDS-ITAT-taxscan.jpg "Payment Made to Dealers for Sale of Fertilizers are in Nature of Rebates, No TDS: ITAT [Read Order]")
Providing Uniforms, Books and Transport Services to Students Not main Objects of Trust; Commercial in Nature: ITAT Disallows Income Tax Exemption [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal (ITAT) held that providing uniforms, books or transport services to the students by the assessee trust are not its main objects and these been...
![Providing Uniforms, Books and Transport Services to Students Not main Objects of Trust; Commercial in Nature: ITAT Disallows Income Tax Exemption [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Providing-Uniforms-Books-Transport-Service-s-Students-main-ITAT-Income-Tax-Exemption-TAXSCAN.jpg "Providing Uniforms, Books and Transport Services to Students Not main Objects of Trust; Commercial in Nature: ITAT Disallows Income Tax Exemption [Read Order]")