![ITAT Deletes Addition to Income of Elderly Agriculturist Based on Adequate Justification and Proper Account Maintenance [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/ITAT-Deletes-Addition-to-Income-of-Elderly-Agriculturist-Based-on-Adequate-Justification-and-Proper-Account-Maintenance-TAXSCAN.jpg "ITAT Deletes Addition to Income of Elderly Agriculturist Based on Adequate Justification and Proper Account Maintenance [Read Order]")
ITAT Deletes Addition to Income of Elderly Agriculturist Based on Adequate Justification and Proper Account Maintenance [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) recently deleted the addition to Income of elderly agriculturist based on adequate...
![Deduction u/s 54B of IT Act shall not be disallowed, if Agriculture Land convert to Non-Agriculture just before Transfer of Land to Seller: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Deduction-IT-Act-Income-Tax-Agriculture-Land-convert-to-Non-Agriculture-Transfer-of-Land-to-Seller-ITAT-taxscan.jpg "Deduction u/s 54B of IT Act shall not be disallowed, if Agriculture Land convert to Non-Agriculture just before Transfer of Land to Seller: ITAT [Read Order]")
![Non-eligibility of Deduction u/s 54F of IT Act on Ground of Co-ownership more than one Residential Property: ITAT directs Re-adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Non-eligibility-of-deduction-IT-Act-on-ground-of-co-ownership-more-than-one-residential-property-ITAT-directs-re-adjudication-TAXSCAN.jpg "Non-eligibility of Deduction u/s 54F of IT Act on Ground of Co-ownership more than one Residential Property: ITAT directs Re-adjudication [Read Order]")
![Deduction u/s 80IB of IT Act shall not be Allowable in Respect of Increase in Business Income due to Addition on Account of Concealed Production: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/IT-Act-shall-not-be-allowable-in-respect-of-increase-Business-Income-addition-on-account-of-Concealed-Production-ITAT-TAXSCAN.jpg "Deduction u/s 80IB of IT Act shall not be Allowable in Respect of Increase in Business Income due to Addition on Account of Concealed Production: ITAT [Read Order]")
![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]")
![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]
The Raipur bench of the Income Tax Appellate Tribunal (ITAT) has held that delay in filing Form 10B can be condoned only when it was filed before the “due date” of filing of return of income under...
![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]
The Mumbai bench of Income Tax Appellate Tribunal (ITAT) has recently held that no addition could be made under Section 56(2)(x)(b) of Income Tax Act 1961 if an allotment letter is issued for...
![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]
The Mumbai bench of Income Tax Appellate Tribunal ( ITAT) directed re-adjudication to the Commissioner of Income Tax (Appeals) for rejecting the appeal filed by the assessee due to delay in filing...
![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]")