![Mere Transaction through DMAT Account or Sale of the Shares on Stock Exchange Cannot Rebut S.68: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Mere-transaction-DMAT-account-or-sale-of-the-shares-on-stock-exchange-TAXSCAN-1.jpg "Mere Transaction through DMAT Account or Sale of the Shares on Stock Exchange Cannot Rebut S.68: ITAT [Read Order]")
Mere Transaction through DMAT Account or Sale of the Shares on Stock Exchange Cannot Rebut S.68: ITAT [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has held that mere transaction through dematerialization account (DMAT) or sale of the shares...
![Disallowance u/s 14A of IT Act shall not exceeds limit of exempted income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/14A-of-IT-Act-shall-not-exceeds-limit-of-exempted-income-ITAT-TAXSCAN.jpg "Disallowance u/s 14A of IT Act shall not exceeds limit of exempted income: ITAT [Read Order]")
![Delay in Filing Form 10B can be Condoned only when it was filed Before “Due Date” of Filing of Return of Income u/s.139: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Delay-in-Filing-Form-10B-Condoned-delay-Due-Date-Filing-Form-10B-Form-10B-Filing-of-Return-of-Income-ITAT-taxscan.jpg "Delay in Filing Form 10B can be Condoned only when it was filed Before “Due Date” of Filing of Return of Income u/s.139: ITAT [Read Order]")
![No Addition can be made u/s 56(2)(x)(b) of IT Act if Allotment Letter issued for Purchase Property in Future: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/IT-Act-if-allotment-letter-issued-purchase-property-in-future-ITAT-TAXSCAN.jpg "No Addition can be made u/s 56(2)(x)(b) of IT Act if Allotment Letter issued for Purchase Property in Future: ITAT [Read Order]")
![Delay in Filing Appeal Due to Mistake on part of Officials: ITAT directs Re-adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/re-adjudication-ITAT-Delay-in-filing-appeal-mistake-on-part-of-officials-TAXSCAN.jpg "Delay in Filing Appeal Due to Mistake on part of Officials: ITAT directs Re-adjudication [Read Order]")
Deduction u/s 80P of IT Act cannot Denied Due to Late Filing of ROI : ITAT quashes Order [Read Order]
The Kolkata bench of Income Tax Appellate Tribunal( ITAT) held that the deduction under section 80P of Income Tax Act,1961 cannot be denied due to late filing of return of income (ROI). Kishorepur...
![Deduction u/s 80P of IT Act cannot Denied Due to Late Filing of ROI : ITAT quashes Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/IT-Act-cannot-denied-due-to-late-filing-of-ROI-ITAT-quashes-order-TAXSCAN.jpg "Deduction u/s 80P of IT Act cannot Denied Due to Late Filing of ROI : ITAT quashes Order [Read Order]")
![Oil Wells Eligible for Depreciation as Plant and Machinery: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Oil-Wells-Eligible-Depreciation-as-Plant-and-Machinery-ITAT-TAXSCAN.jpg "Oil Wells Eligible for Depreciation as Plant and Machinery: ITAT [Read Order]")
Addition of Rental Income under "Income from Other Sources" Invalid as already declared under "Income from House Property": ITAT Strikes Down Double Taxation [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chandigarh Bench has invalidated the addition of rental income under the head "Income from Other Sources" wherein the assessee has already offered the same...
![Addition of Rental Income under Income from Other Sources Invalid as already declared under Income from House Property: ITAT Strikes Down Double Taxation [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Invalid-as-already-declared-under-Income-from-House-Property-ITAT-Strikes-Down-Double-Taxation-TAXSCAN.jpg "Addition of Rental Income under Income from Other Sources Invalid as already declared under Income from House Property: ITAT Strikes Down Double Taxation [Read Order]")
Co-operative Society’s Investment in Co-operative Society's Fixed Deposit Accounts Eligible for Deduction u/s 80P (2) (d) of IT Act: ITAT [Read Order]
The Amritsar Bench of the Income Tax Appellate Tribunal (ITAT) recently held that the investment of a co-operative society in another co-operative society’ s fixed deposit accounts are eligible...
![Co-operative Society’s Investment in Co-operative Societys Fixed Deposit Accounts Eligible for Deduction u/s 80P (2) (d) of IT Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Co-operative-Society-Fixed-Deposit-Accounts-Eligible-for-Deduction-ITAT-TAXSCAN.jpg "Co-operative Society’s Investment in Co-operative Societys Fixed Deposit Accounts Eligible for Deduction u/s 80P (2) (d) of IT Act: ITAT [Read Order]")
Moratorium Declared by NCLT in View of Insolvency & Bankruptcy Code has Overriding Effect on Tribunal: ITAT [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has held that the moratorium declared by National Company Law Tribunal, (NCLT) has an overriding effect on the tribunal in view of insolvency...
![Moratorium Declared by NCLT in View of Insolvency & Bankruptcy Code has Overriding Effect on Tribunal: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Moratorium-Declared-by-NCLT-Insolvency-Bankruptcy-Code-Tribunal-ITAT-TAXSCAN.jpg "Moratorium Declared by NCLT in View of Insolvency & Bankruptcy Code has Overriding Effect on Tribunal: ITAT [Read Order]")
ITAT upholds Disallowance Towards Late Deposit of Employees Contribution to PF/ESIC u/s 36(i)(va) of IT Act [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has upheld the disallowance towards late deposit of employees’ contribution to Provident Fund or Employees State Insurance Corporation...
![ITAT upholds Disallowance Towards Late Deposit of Employees Contribution to PF/ESIC u/s 36(i)(va) of IT Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Late-Deposit-of-Employees-Contribution-ITAT-Employee-Contribution-TAXSCAN.jpg "ITAT upholds Disallowance Towards Late Deposit of Employees Contribution to PF/ESIC u/s 36(i)(va) of IT Act [Read Order]")
No addition can be made on Sponsorship Contributions received from Friends and Relatives: ITAT [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal (ITAT) has recently held that no addition could be made on sponsorship contributions received from friends and relatives. Assessee Bhagyashree...
![No addition can be made on Sponsorship Contributions received from Friends and Relatives: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/No-addition-can-be-made-Sponsorship-Contributions-received-from-Friends-and-Relatives-ITAT-TAXSCAN.jpg "No addition can be made on Sponsorship Contributions received from Friends and Relatives: ITAT [Read Order]")