![Addition made by AO Without Considering Section 55A of Income Tax Act: ITAT Directs Re-adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Addition-AO-Income-Tax-Act-ITAT-Re-adjudication-TAXSCAN.jpg "Addition made by AO Without Considering Section 55A of Income Tax Act: ITAT Directs Re-adjudication [Read Order]")
Addition made by AO Without Considering Section 55A of Income Tax Act: ITAT Directs Re-adjudication [Read Order]
The New Delhi bench of the Income Tax Appellate Tribunal (ITAT) directed the assessing officer to re-adjudicate the addition made without considering...
![Compensation paid by Builder for Delay in Handing over Possession of Flat is part of Work-In-Progress: ITAT allows Deduction [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Compensation-paid-Builder-for-Delay-in-Handing-over-Possession-of-Flat-Possession-of-Flat-Work-In-Progress-ITAT-allows-Deduction-taxscan.jpg "Compensation paid by Builder for Delay in Handing over Possession of Flat is part of Work-In-Progress: ITAT allows Deduction [Read Order]")
![ITAT quashes Reassessment Proceedings Initiated by Assessing Officer without having Tangible Materials [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/ITAT-quashes-Reassessment-Proceedings-Assessing-Officer-Tangible-Materials-Assessing-Officer-without-having-Tangible-Materials-Reassessment-Proceedings-taxscan.jpg "ITAT quashes Reassessment Proceedings Initiated by Assessing Officer without having Tangible Materials [Read Order]")
![No Revisional order can be Framed u/s 263 of Income Tax Act by CIT(A) in the Name of a Non-Exsiting Entity: ITAT Quashes Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/No-Revisional-order-Income-Tax-Act-CITA-Non-Exsiting-Entity-ITAT-TAXSCAN.jpg "No Revisional order can be Framed u/s 263 of Income Tax Act by CIT(A) in the Name of a Non-Exsiting Entity: ITAT Quashes Order [Read Order]")
![ITAT Upholds Deletion of Disallowance made by AO on ground of Incurred Expenditure as Revenue Expenditure of Business [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/ITAT-Deletion-Disallowance-AO-Incurred-Expenditure-Revenue-Expenditure-Business-TAXSCAN.jpg "ITAT Upholds Deletion of Disallowance made by AO on ground of Incurred Expenditure as Revenue Expenditure of Business [Read Order]")
Rejection of Appeal by CIT(A) on ground of Delay in Filing Appeal by Assessee : ITAT Directs Re-adjudication [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal (ITAT) directed the Commissioner of Income Tax (Appeals) to re-adjudicate the matter by condoning the delay of filing an appeal by the...
![Rejection of Appeal by CIT(A) on ground of Delay in Filing Appeal by Assessee : ITAT Directs Re-adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Rejection-Appeal-CITA-ground-Delay-Filing-Appeal-Assessee-ITAT-Directs-Re-adjudication-TAXSCAN.jpg "Rejection of Appeal by CIT(A) on ground of Delay in Filing Appeal by Assessee : ITAT Directs Re-adjudication [Read Order]")
Addition made by AO by Treating Loss of Income as Speculation Loss u/s 73 of Income Tax Act : ITAT Directs Re-adjudication [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal (ITAT) directed the assessing officer to re-adjudicate the addition made by treating the loss of income as the speculation loss under section 73...
![Addition made by AO by Treating Loss of Income as Speculation Loss u/s 73 of Income Tax Act : ITAT Directs Re-adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/AO-Treating-Loss-Income-Speculation-Loss-ITAT-Directs-Re-adjudication-TAXSCAN.jpg "Addition made by AO by Treating Loss of Income as Speculation Loss u/s 73 of Income Tax Act : ITAT Directs Re-adjudication [Read Order]")
Cash Deposits from earlier withdrawals cannot be Totally Disbelieved: ITAT allows Deduction on Cash Deposit[Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) held that the cash deposits from earlier withdrawals cannot be totally disbelieved, thus, the bench allowed deduction on the cash...
![Cash Deposits from earlier withdrawals cannot be Totally Disbelieved: ITAT allows Deduction on Cash Deposit[Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Cash-Deposits-earlier-withdrawals-Totally-Disbelieved-ITAT-Deduction-Cash-Deposit-TAXSCAN.jpg "Cash Deposits from earlier withdrawals cannot be Totally Disbelieved: ITAT allows Deduction on Cash Deposit[Read Order]")
ITAT deletes Addition made on Cash out of Income leaving aside Amount of Huge Cash Withdrawals from SBI to UCO Bank [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has deleted the additions made on the cash out of income leaving aside the amount of huge cash withdrawals from State Bank of India to...
![ITAT deletes Addition made on Cash out of Income leaving aside Amount of Huge Cash Withdrawals from SBI to UCO Bank [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/ITAT-Addition-Cash-Income-Amount-Huge-Cash-Withdrawals-SBI-UCO-Bank-TAXSCAN.jpg "ITAT deletes Addition made on Cash out of Income leaving aside Amount of Huge Cash Withdrawals from SBI to UCO Bank [Read Order]")
![AO wrongly invoked Section 50C (1) of Income Tax Act: ITAT dismisses Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/AO-wrongly-invoked-Income-Tax-Act-ITAT-dismisses-Appeal-TAXSCAN.jpg "AO wrongly invoked Section 50C (1) of Income Tax Act: ITAT dismisses Appeal [Read Order]")
Revenue Earned by Non-Resident Assessee on Sale of a Copyrighted Article is not like Royalty: ITAT [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has held that the revenue earned by a non-resident assessee on the sale of a copyrighted article is not like royalty. The Revenue challenged...
![Revenue Earned by Non-Resident Assessee on Sale of a Copyrighted Article is not like Royalty: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Revenue-Earned-by-Non-Resident-Assessee-Sale-of-a-Copyrighted-Article-Royalty-Non-Resident-Assessee-Non-Resident-Assessee-on-Sale-of-a-Copyrighted-Article-ITAT.jpg "Revenue Earned by Non-Resident Assessee on Sale of a Copyrighted Article is not like Royalty: ITAT [Read Order]")
Revenue Received for Seismic Data Acquisition, Mining Projects are not FTS, Taxable u/s 44B of Income Tax Act: ITAT [Read Order]
The New Delhi Bench of the Income Tax Appellate Tribunal (ITAT), observed that the revenue received on account of provision of facilities and services of seismic data acquisition and mining services...
![Revenue Received for Seismic Data Acquisition, Mining Projects are not FTS, Taxable u/s 44B of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Revenue-Received-for-Seismic-Data-Acquisition-Mining-Projects-are-not-FTS-Seismic-Data-Acquisition-Income-Tax-Act-ITAT-taxscan.jpg "Revenue Received for Seismic Data Acquisition, Mining Projects are not FTS, Taxable u/s 44B of Income Tax Act: ITAT [Read Order]")