![Addition made u/s 69 of Income Tax Act on ground of Unexplained Investment on Bank Account: ITAT Deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Income-Tax-Income-Tax-Act-Addition-Unexplained-Investment-Bank-Account-delete-Addition-ITAT-Investment-Bank-Account-Income-Tax-taxscan.jpg "Addition made u/s 69 of Income Tax Act on ground of Unexplained Investment on Bank Account: ITAT Deletes Addition [Read Order]")
Addition made u/s 69 of Income Tax Act on ground of Unexplained Investment on Bank Account: ITAT Deletes Addition [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) deleted an addition made by the assessing office under section 69 of the Income Tax...
![Disallowance made u/s40(a)(ia) of Income Tax Act on Ground of Violation of Non Deduction of Tax u/s 194H : ITAT Directs Re-adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Income-Tax-Act-Ground-of-Violation-of-Non-Deduction-of-Tax-re-adjudication-TXSCAN.jpg "Disallowance made u/s40(a)(ia) of Income Tax Act on Ground of Violation of Non Deduction of Tax u/s 194H : ITAT Directs Re-adjudication [Read Order]")
![ITAT Exempts Gold Donation of Religious Trust Towards Corpus Fund u/s 11(1)(d) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Gold-Donation-of-Religious-Trust-Towards-Corpus-Fund-of-Income-Tax-Act-ITAT-TAXSCAN.jpg "ITAT Exempts Gold Donation of Religious Trust Towards Corpus Fund u/s 11(1)(d) of Income Tax Act [Read Order]")
![AO Wrongly Raises Demand on Dividend Distribution Tax Despite Submitting Proof of Payment: ITAT Directs Readjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/AO-Wrongly-Raises-Demand-on-Dividend-Distribution-Tax-AO-Wrongly-Raises-Demand-Proof-of-Payment-ITAT-Directs-Readjudication-taxscan.jpg "AO Wrongly Raises Demand on Dividend Distribution Tax Despite Submitting Proof of Payment: ITAT Directs Readjudication [Read Order]")
![No Reassessment proceedings initiated u/s. 148Â of IT Act without Proper Verification of Recorded details of Documents : ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Reassessment-proceedings-IT-Act-Proper-Verification-of-Recorded-details-of-Documents-Recorded-details-of-Documents-ITAT-taxscan.jpg "No Reassessment proceedings initiated u/s. 148Â of IT Act without Proper Verification of Recorded details of Documents : ITAT [Read Order]")
Registration u/s 12A(1)(ac)(iii) of Income Tax Act shall not be denied if Remuneration paid to trust's full time workers is not contravening Section 13(1)(c) : ITAT [Read Order]
The Amritsar bench of Income Tax Appellate Tribunal (ITAT) has recently held that registration under Section 12A(1)(ac)(iii) Income Tax Act, 1961 should not be denied if remuneration paid to...
![Registration u/s 12A(1)(ac)(iii) of Income Tax Act shall not be denied if Remuneration paid to trusts full time workers is not contravening Section 13(1)(c) : ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Registration-Income-Tax-Act-Remuneration-paid-to-trusts-full-time-workers-trusts-full-time-workers-taxscan.jpg "Registration u/s 12A(1)(ac)(iii) of Income Tax Act shall not be denied if Remuneration paid to trusts full time workers is not contravening Section 13(1)(c) : ITAT [Read Order]")
Exemption u/s 11(2) of Income Tax Act shall be allowable only if Form 10B and Return of Income are furnished within due date specified u/s 139(1):ITAT [Read Order]
The Raipur bench of Income Tax Appellate Tribunal (ITAT) has recently held that the exemption under section 11(2) of Income Tax Act, 1961 shall be allowable only if Form 10B and Return of Income are...
![Exemption u/s 11(2) of Income Tax Act shall be allowable only if Form 10B and Return of Income are furnished within due date specified u/s 139(1):ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Exemption-Income-Tax-Act-Form-10B-Return-of-Income-are-furnished-within-due-date-ITAT-taxscan.jpg "Exemption u/s 11(2) of Income Tax Act shall be allowable only if Form 10B and Return of Income are furnished within due date specified u/s 139(1):ITAT [Read Order]")
![ITAT Condones Delay Caused by Negligence of Tax Practitioner in Service of Notice [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/ITAT-Condones-Delay-Caused-by-Negligence-of-Tax-Practitioner-in-Service-of-Notice-TAXSCAN-.jpg "ITAT Condones Delay Caused by Negligence of Tax Practitioner in Service of Notice [Read Order]")
S.50C Applicable to Transfer of Capital Asset of Land or Building not to Transfer of Rights: ITAT [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has held that the Section 50C of the Income Tax Act 1961 is applicable to transfer of capital asset of land or building and not to the transfer...
![S.50C Applicable to Transfer of Capital Asset of Land or Building not to Transfer of Rights: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/S.50C-Applicable-to-Transfer-of-Capital-Asset-of-Land-or-Building-not-to-Transfer-of-Rights-ITAT-TAXSCAN.jpg "S.50C Applicable to Transfer of Capital Asset of Land or Building not to Transfer of Rights: ITAT [Read Order]")
S. 69 Addition not Sustainable on Mere Delay in Deposit During Demonetisation Period: ITAT [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has held that addition under Section 69 of the Income Tax Act 1961 is not sustainable on mere delay in deposit during demonetisation period. ...
![S. 69 Addition not Sustainable on Mere Delay in Deposit During Demonetisation Period: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Addition-not-Sustainable-on-Mere-Delay-Deposit-During-Demonetisation-Period-ITAT-TAXSCAN.jpg "S. 69 Addition not Sustainable on Mere Delay in Deposit During Demonetisation Period: ITAT [Read Order]")
Trust for Managing Statutory Obligations of Employees of Parent Trust falls under Charitable Activity: ITAT Grants registration u/s 12AA of IT Act [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) granted the trust registration under Section 12AA Income Tax Act, 1961 created to manage the legal responsibilities of the employees of the...
![Trust for Managing Statutory Obligations of Employees of Parent Trust falls under Charitable Activity: ITAT Grants registration u/s 12AA of IT Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Trust-for-Managing-Statutory-Obligations-of-Employees-of-Parent-Trust-falls-under-Charitable-Activity-v-ITAT-Grants-registration-I-T-Act-TAXSCAN.jpg "Trust for Managing Statutory Obligations of Employees of Parent Trust falls under Charitable Activity: ITAT Grants registration u/s 12AA of IT Act [Read Order]")