![Addition of LTCG by invoking S. 50(c) of Income Tax Act without retrospective effect is invalid : ITAT directs Re-adjudication[Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Addition-us-50C-of-Income-Tax-Act-based-on-SVAs-Overvaluation-of-Capital-Gain-Sale-Consideration-ITAT-directs-Readjudication-TAXSCAN.jpg "Addition of LTCG by invoking S. 50(c) of Income Tax Act without retrospective effect is invalid : ITAT directs Re-adjudication[Read Order]")
Addition of LTCG by invoking S. 50(c) of Income Tax Act without retrospective effect is invalid : ITAT directs Re-adjudication[Read Order]
The Pune Bench of Income Tax Appellate Tribunal (ITAT) held that the addition of long term capital gain by invoking section 50(c) of the Income Tax...
![Interest Income from Investment in Cooperative Banks by Cooperative Societies Eligible for Deduction u/s 80P(2)(d): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Interest-Income-from-Investment-Interest-Income-Cooperative-Banks-Cooperative-Societies-Deduction-ITAT-Cooperative-Societies-Eligible-for-Deduction-taxscan.jpg "Interest Income from Investment in Cooperative Banks by Cooperative Societies Eligible for Deduction u/s 80P(2)(d): ITAT [Read Order]")
![No addition on Gross Receipts reflected in Form 26AS inclusive of Service Tax: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Gross-Receipts-reflected-in-Form-26AS-Form-26AS-Gross-Receipts-inclusive-of-Service-Tax-ITAT-taxscan.jpg "No addition on Gross Receipts reflected in Form 26AS inclusive of Service Tax: ITAT [Read Order]")
![ITAT Orders Reassessment after Assessee Inadvertently Files ITR in Wrong Form [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/tax-return.jpg "ITAT Orders Reassessment after Assessee Inadvertently Files ITR in Wrong Form [Read Order]")
![Assessment Order without Issuing proper Notice: ITAT quashes Assessment Order and Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Assessment-Order-Issuing-proper-Notice-ITAT-quashes-Assessment-Order-ITAT-quashes-Addition-taxscan.jpg "Assessment Order without Issuing proper Notice: ITAT quashes Assessment Order and Addition [Read Order]")
Non-Consideration of Valuation and Jantri Value for Determining Nature of Sold Land: ITAT remands matter to CIT(A) [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) recently remanded the matter to CIT(A) due to non-consideration of valuation and Jantri value for determining the nature of sold land. ...
![Non-Consideration of Valuation and Jantri Value for Determining Nature of Sold Land: ITAT remands matter to CIT(A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/sold-land-1.jpg "Non-Consideration of Valuation and Jantri Value for Determining Nature of Sold Land: ITAT remands matter to CIT(A) [Read Order]")
ITAT quashes Retrospective Determination of Annual Letting Value of Unsold Residential Units based on Prospective Amendment [Read Order]
The Pune Bench of the Income Tax Appellate Tribunal (ITAT) recently quashed the retrospective determination of annual letting value of unsold residential units based on prospective amendment by the...
![ITAT quashes Retrospective Determination of Annual Letting Value of Unsold Residential Units based on Prospective Amendment [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/ITAT-Retrospective-Determination-of-Annual-Letting-Value-of-Unsold-Residential-Units-based-on-Prospective-Amendment-TAXSCAN.jpg "ITAT quashes Retrospective Determination of Annual Letting Value of Unsold Residential Units based on Prospective Amendment [Read Order]")
![Notice issued by AO After 4 years of Reassessment u/s 148 under : ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Notice-issued-by-AO-After-4-years-of-Reassessment-TAXSCAN.jpg "Notice issued by AO After 4 years of Reassessment u/s 148 under : ITAT [Read Order]")
No Explanation as to Source of Credit Card Payment: ITAT upholds Addition u/s 69C of Income Tax Act [Read Order]
The Hyderabad Bench of the Income Tax Appellate Tribunal (ITAT) has upheld the addition under Section 69C of the Income Tax Act, 1961 as explanation as to source of credit card payment was not...
![No Explanation as to Source of Credit Card Payment: ITAT upholds Addition u/s 69C of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Source-of-Credit-Card-Payment-ITAT-upholds-Addition-ITAT-Credit-Card-Payment-Income-Tax-Act-Income-Tax-taxscan-.jpg "No Explanation as to Source of Credit Card Payment: ITAT upholds Addition u/s 69C of Income Tax Act [Read Order]")
Notice Issued Within Limitation Period Specified u/s 149(1)(c): ITAT Upholds Reassessment [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has upheld the reassessment order as the notice was issued within the limitation period specified under Section 149(1)(c) of the Income Tax...
![Notice Issued Within Limitation Period Specified u/s 149(1)(c): ITAT Upholds Reassessment [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Notice-ITAT-Reassessment-ITAT-Upholds-Reassessment-taxscan.jpg "Notice Issued Within Limitation Period Specified u/s 149(1)(c): ITAT Upholds Reassessment [Read Order]")