Rejection of Registration of Trust for Non-Compliance of Notices and Non-Registration u/s. 12AB without Adhering to Principles of Natural Justice: ITAT directs Re-Adjudication
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has directed re-adjudication on finding the rejection of registration of a trust for...
![Re-Assessment cannot be Based on Incorrect Facts: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Re-Assessment-Income-Tax-ITAT-taxscan.jpeg "Re-Assessment cannot be Based on Incorrect Facts: ITAT [Read Order]")
![S. 69A Addition cannot be Based on Surmises, Conjectures and Hypothesis: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/S-69A-Addition-Based-on-Surmises-Conjectures-Hypothesis-ITAT-TAXSCAN.jpg "S. 69A Addition cannot be Based on Surmises, Conjectures and Hypothesis: ITAT [Read Order]")
![‘’Notional Interest cannot be taxed as Income’’, ITAT deletes Addition of Undisclosed Income [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Notional-Interest-taxed-as-Income-ITAT-deletes-Addition-of-Undisclosed-Income-TAXSCAN.jpg "‘’Notional Interest cannot be taxed as Income’’, ITAT deletes Addition of Undisclosed Income [Read Order]")
![Assessment u/s 153C not Valid for Assessment Years not Covered within 6-Year Period: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Assessment-Assessment-Years-ITAT-taxscan.jpeg "Assessment u/s 153C not Valid for Assessment Years not Covered within 6-Year Period: ITAT [Read Order]")
Addition on unaccounted Cash based on Deposit During Demonetisation Period: ITAT directs Assessee to Establish Genuineness of Money [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore bench in a matter of addition to unaccounted cash based on deposits during demonetisation directed the assessee to establish the genuineness of...
![Addition on unaccounted Cash based on Deposit During Demonetisation Period: ITAT directs Assessee to Establish Genuineness of Money [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Deposit-unaccounted-Cash-based-on-Deposit-unaccounted-Cash-Demonetisation-Period-ITAT-Genuineness-of-Money-taxscan-1.jpeg "Addition on unaccounted Cash based on Deposit During Demonetisation Period: ITAT directs Assessee to Establish Genuineness of Money [Read Order]")
![TDS not applicable to Uber India on payments made to driver-partners: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/TDS-not-applicable-to-Uber-India-on-payments-driver-partners-ITAT-TAXSCAN.jpg "TDS not applicable to Uber India on payments made to driver-partners: ITAT [Read Order]")
No Penalty shall be Imposed u/s 271(1)(c) of Income Tax Act without Issue of Notice Specifying Charge: ITAT [Read Order]
The Delhi bench of Income Tax Appellate Tribunal (ITAT) held that no penalty should be imposed under Section 271(1)(c) of Income Tax Act, 1961 without issue of notice specifying charge. Assessee...
![No Penalty shall be Imposed u/s 271(1)(c) of Income Tax Act without Issue of Notice Specifying Charge: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Penalty-Imposed-us-2711c-of-Income-Tax-Act-Notice-Specifying-Charge-ITAT-TAXSCAN.jpg "No Penalty shall be Imposed u/s 271(1)(c) of Income Tax Act without Issue of Notice Specifying Charge: ITAT [Read Order]")
Interest Income from Fixed Deposit of Co-operative Society made during course of business eligible for Deduction u/s 80P(2)(a)(i) of Income Tax Act : ITAT
The Kolkata bench of Income Tax Appellate Tribunal (ITAT) has recently held that interest income from fixed deposits of co-operative society made during the course of business is eligible for...
![Brought Forward Losses can be Adjusted Against Belatedly filed ITR u/s 139(3): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Brought-Forward-Losses-Adjusted-Against-Belatedly-filed-ITR-ITAT-TAXSCAN.jpg "Brought Forward Losses can be Adjusted Against Belatedly filed ITR u/s 139(3): ITAT [Read Order]")
![CBS Fee is Not Proved as Revenue in Nature: ITAT Upholds Revision Order Against SBI [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/CBS-Fee-ITAT-Revision-Order-SBI-taxscan.jpg "CBS Fee is Not Proved as Revenue in Nature: ITAT Upholds Revision Order Against SBI [Read Order]")
Unsecured Loan Taken at Higher Rate for Commercial Expediency Admissible under Section 57(iii): ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench, has recently in an appeal filed before it, held that unsecured loan taken at higher rate for commercial expediency is admissible under...
![Unsecured Loan Taken at Higher Rate for Commercial Expediency Admissible under Section 57(iii): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Loan-Taken-Higher-Rate-for-Commercial-Expediency-Admissible-Section-57iii-ITAT-TAXSCAN.jpg "Unsecured Loan Taken at Higher Rate for Commercial Expediency Admissible under Section 57(iii): ITAT [Read Order]")