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![Enforceability of Agreement to Sale cannot be denied Unless Fresh Affidavits are Verified: ITAT deletes Addition u/s 69 [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Enforceability-of-Agreement-to-Sale-Unless-Fresh-Affidavits-are-Verified-ITAT-deletes-Addition-us-69-TAXSCAN.jpg "Enforceability of Agreement to Sale cannot be denied Unless Fresh Affidavits are Verified: ITAT deletes Addition u/s 69 [Read Order]")
Enforceability of Agreement to Sale cannot be denied Unless Fresh Affidavits are Verified: ITAT deletes Addition u/s 69 [Read Order]
The Chandigarh Bench of Income Tax Appellate Tribunal (ITAT) has deleted the addition under Section 69 of the Income Tax Act, 1961 holding that the...
![AO not bound to Make Enquiry unless Assessee has Discharged Initial Onus u/s 68: ITAT Upholds Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/AO-not-bound-to-Make-Enquiry-unless-Assessee-has-Discharged-Initial-Onus-us-68-ITAT-Upholds-Addition-TAXSCAN.jpg "AO not bound to Make Enquiry unless Assessee has Discharged Initial Onus u/s 68: ITAT Upholds Addition [Read Order]")
![No Penalty u/s 271(1)(b) of Income Tax Act for Failure to Sign on “Consent Letter” not Authorized by the Government: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/No-penalty-us-2711b-of-Income-Tax-Act-for-failure-to-sign-on-Consent-Letter-authorized-by-the-Government-ITAT-TAXSCAN.jpg "No Penalty u/s 271(1)(b) of Income Tax Act for Failure to Sign on “Consent Letter” not Authorized by the Government: ITAT [Read Order]")
![Cost of New Property has to be Assessed as per Collaboration Agreement for Exemption u/s 54: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Cost-of-New-Property-Collaboration-Agreement-New-Property-ITAT-taxscan.jpg "Cost of New Property has to be Assessed as per Collaboration Agreement for Exemption u/s 54: ITAT [Read Order]")
![Corpus Donations Received by Unregistered Trusts are not Taxable unless Verified: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Corpus-Donations-Received-by-Unregistered-Trusts-Corpus-Donations-Unregistered-Trusts-ITAT-taxscan.jpg "Corpus Donations Received by Unregistered Trusts are not Taxable unless Verified: ITAT [Read Order]")
![Deduction u/s 80P(2)(d) available to Income of Co-operative Society: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Deduction-us-80P2d-available-to-Income-of-Co-operative-Society-ITAT-TAXSCAN.jpg "Deduction u/s 80P(2)(d) available to Income of Co-operative Society: ITAT [Read Order]")
![ITAT upholds Revision Order due to Non-Compliance with ALP Determination Requirement [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/ITAT-upholds-Revision-Order-ALP-Determination-Requirement-Revision-Order-ITAT-Income-Tax-taxscan.jpg "ITAT upholds Revision Order due to Non-Compliance with ALP Determination Requirement [Read Order]")
No addition can be made on amount debited to “Employees Share Option Scheme” for benefit of Employees of Company: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) of Mumbai bench recently held that no addition can be made on the amount debited to Employees Share Option Scheme” for the benefit of employees of the...
![No addition can be made on amount debited to “Employees Share Option Scheme” for benefit of Employees of Company: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/amount-debited-to-Employees-Share-Option-Scheme-Employees-of-Company-Employees-Share-Option-Scheme-ITAT-taxscan.jpg "No addition can be made on amount debited to “Employees Share Option Scheme” for benefit of Employees of Company: ITAT [Read Order]")
![ITAT Invalidates Reassessment as Notice u/s 143(2) Not Issued Within Time Limit [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/ITAT-Invalidates-Reassessment-Notice-Reassessment-taxscan.jpg "ITAT Invalidates Reassessment as Notice u/s 143(2) Not Issued Within Time Limit [Read Order]")
![ITAT deletes Addition and Penalty u/s 271(c) on Estimated Income [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/ITAT-deletes-Addition-and-Penalty-us-271c-on-Estimated-Income-TAXSCAN.jpg "ITAT deletes Addition and Penalty u/s 271(c) on Estimated Income [Read Order]")
Meritorious Case cannot be Thrown out at Threshold, When Proper Documents are Produced: ITAT [Read Order]
The Hyderabed Bench of Income Tax Appellate Tribunal (ITAT) has held that a meritorious case could not be thrown at threshold when proper documents are produced. Assessee Narasimha Rao Venkata...
![Meritorious Case cannot be Thrown out at Threshold, When Proper Documents are Produced: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Meritorious-Case-cannot-be-Thrown-out-at-Threshold-When-Proper-Documents-are-Produced-ITAT-TAXSCAN.jpg "Meritorious Case cannot be Thrown out at Threshold, When Proper Documents are Produced: ITAT [Read Order]")
![ITAT Orders Re-Adjudication as VAT Liability and EPF Amount Deposited on Time u/s 263 [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/ITAT-Orders-Re-Adjudication-VAT-Liability-and-EPF-Amount-Deposited-TAXSCAN.jpg "ITAT Orders Re-Adjudication as VAT Liability and EPF Amount Deposited on Time u/s 263 [Read Order]")