![No Transfer of Asset During year and no Determination of Short Term Capital Gain and Loss: ITAT allows Depreciation [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/transfer-of-assetc-short-term-capital-gain-Short-term-Capital-loss-ITAT-allows-depreciation-taxscan.jpg "No Transfer of Asset During year and no Determination of Short Term Capital Gain and Loss: ITAT allows Depreciation [Read Order]")
No Transfer of Asset During year and no Determination of Short Term Capital Gain and Loss: ITAT allows Depreciation [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has allowed the depreciation as no transfer of asset was taken place during the year under...
![DSIR Registration is Sufficient to Claim Deduction u/s 35 (2AB) for Cases Prior to Clause (b) Rule 6(7A) Amendment: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/DSIR-Registration-is-Sufficient-to-Claim-Deduction-Cases-Prior-to-Clause-b-Rule-67A-Amendment-ITAT-TAXSCAN.jpg "DSIR Registration is Sufficient to Claim Deduction u/s 35 (2AB) for Cases Prior to Clause (b) Rule 6(7A) Amendment: ITAT [Read Order]")
![Private Religious Trusts not eligible for Registration u/s 12AA of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Private-Religious-Trusts-Registration-Income-Tax-Act-Income-Tax-ITAT-taxscan.jpg "Private Religious Trusts not eligible for Registration u/s 12AA of Income Tax Act: ITAT [Read Order]")
![Bitumen not Valuable Article’, Carrier of Bitumen not ‘Owner u/s 69A of Income Tax Act: Supreme Court [Read Judgement]](https://www.taxscan.in/wp-content/uploads/2023/05/Bitumen-Valuable-Article-wner-Income-Tax-Act-Income-Tax-Supreme-Court-taxscan.jpg "Bitumen not Valuable Article’, Carrier of Bitumen not ‘Owner u/s 69A of Income Tax Act: Supreme Court [Read Judgement]")
![A Mere Right to Sue Not Subject to Income Tax under Capital Gains, Not Transferable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/A-Mere-Right-to-Sue-Not-Subject-to-Income-Tax-under-Capital-Gains-Not-Transferable-ITAT-TAXSCAN.jpg "A Mere Right to Sue Not Subject to Income Tax under Capital Gains, Not Transferable: ITAT [Read Order]")
ESOP is Capital in Nature: ITAT Directs to Delete Income Tax Addition Against Unilever India Export [Read Order]
In the case of Unilever India Exports Limited, the Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has directed deleted the income tax addition towards ESOP. The assessee, Unilever India...
![ESOP is Capital in Nature: ITAT Directs to Delete Income Tax Addition Against Unilever India Export [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/ESOP-is-Capital-in-Nature-ITAT-Directs-to-Delete-Income-Tax-Addition-Against-Unilever-India-Export-TAXSCAN.jpg "ESOP is Capital in Nature: ITAT Directs to Delete Income Tax Addition Against Unilever India Export [Read Order]")
Non -Resident assessee not required to Disclose any Asset held Outside India in Return of Income filed in India: ITAT quashes Re-assessment Order [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal (ITAT) has recently held that non resident assessees should not be required to disclose any asset held outside India in return of income file in...
![Non -Resident assessee not required to Disclose any Asset held Outside India in Return of Income filed in India: ITAT quashes Re-assessment Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Non-Resident-assessee-not-required-to-Disclose-any-Asset-held-Outside-India-in-Return-of-Income-filed-in-India-ITAT-quashes-Re-assessment-Order-TAXSCAN.jpg "Non -Resident assessee not required to Disclose any Asset held Outside India in Return of Income filed in India: ITAT quashes Re-assessment Order [Read Order]")
![Assessment Proceedings against a Non-Existent Company is Void Ab Initio: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Assessment-Proceedings-Assessment-Non-Existent-Company-Void-Ab-Initio-ITAT-taxscan.jpg "Assessment Proceedings against a Non-Existent Company is Void Ab Initio: ITAT [Read Order]")
ITAT quashes Assessment Order Due to Lack of Opportunity given to be Heard to Assessee u/s 144A [Read Order]
The Chennai Bench of the Income Tax Appellate Tribunal (ITAT) recently quashed the assessment order passed under Section 144A of the Income Tax Act due to lack Opportunity to be heard for assessee. ...
![ITAT quashes Assessment Order Due to Lack of Opportunity given to be Heard to Assessee u/s 144A [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/ITAT-quashes-Assessment-Order-ITAT-Assessment-Order-Heard-to-Assessee-taxscan.jpg "ITAT quashes Assessment Order Due to Lack of Opportunity given to be Heard to Assessee u/s 144A [Read Order]")
![ITAT disallows Exemption under Section 54B for Property Purchased in Name of Wife [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/ITAT-disallows-Exemption-ITAT-Exemption-Property-Purchased-in-Name-of-Wife-Name-of-Wife-Property-Purchased-taxscan.jpg "ITAT disallows Exemption under Section 54B for Property Purchased in Name of Wife [Read Order]")