![“Reasons are life blood for any judicial/quasi-judicial order”: ITAT orders fresh adjudication on disallowance of 30% of ESOP cost [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Reasons-are-life-blood-for-any-judicialquasi-judicial-order-ITAT-ESOP-cost-TAXSCAN-1.jpg "“Reasons are life blood for any judicial/quasi-judicial order”: ITAT orders fresh adjudication on disallowance of 30% of ESOP cost [Read Order]")
“Reasons are life blood for any judicial/quasi-judicial order”: ITAT orders fresh adjudication on disallowance of 30% of ESOP cost [Read Order]
The Income Tax Appellate Tribunal (ITAT), Hyderabad Bench ordered fresh adjudication in the matter of disallowance of 30% of Employee Stock Ownership...
![No addition can be made u/s 69A of Income Tax Act on cash received on sale of Ancestral Agricultural Land: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Income-Tax-Act-cash-received-sale-of-Ancestral-Agricultural-Land-sale-Ancestral-Agricultural-Land-Income-Tax-ITAT-taxscan.jpg "No addition can be made u/s 69A of Income Tax Act on cash received on sale of Ancestral Agricultural Land: ITAT [Read Order]")
![Lack of Motive behind Allegation of Assessee taking Accommodation Entries to Reduce Taxable Income: ITAT dismisses Revenues Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Accommodation-Entries-to-Reduce-Taxable-Income-ITAT-Revenues-Appeal-TAXSCAN.jpg "Lack of Motive behind Allegation of Assessee taking Accommodation Entries to Reduce Taxable Income: ITAT dismisses Revenues Appeal [Read Order]")
![Interest u/s 234A of Income Tax Act Not Leviable When Return was filed u/s 148: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Interest-us-234A-of-Income-Tax-Act-Not-Leviable-Return-us-148-ITAT-TAXSCAN.jpg "Interest u/s 234A of Income Tax Act Not Leviable When Return was filed u/s 148: ITAT [Read Order]")
Delay Beyond Assessee's Control in E-verification/Filing Belated Return: ITAT deletes Penalty Levied u/s 271F [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chennai Bench, has recently, in an appeal filed before it, while deleting a penalty levied under Section 271F, on account of a delay in E-verification/...
![Delay Beyond Assessees Control in E-verification/Filing Belated Return: ITAT deletes Penalty Levied u/s 271F [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/E-verification-Filing-Belated-Return-ITAT-Penalty-TAXSCAN2.jpg "Delay Beyond Assessees Control in E-verification/Filing Belated Return: ITAT deletes Penalty Levied u/s 271F [Read Order]")
Deduction on Cost of Building not Allowable under 'Capital Gain' when Value of Building is not Mentioned in Fixed Assets’ Schedule: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore Bench, has recently, in an appeal filed before it, held that deduction on cost of building is not allowable under the head ‘capital gain’, when the...
![Deduction on Cost of Building not Allowable under Capital Gain when Value of Building is not Mentioned in Fixed Assets’ Schedule: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Deduction-on-Cost-of-Building-Deduction-Cost-of-Building-Capital-Gain-Value-of-Building-Fixed-Assets-Fixed-Assets-Schedule-ITAT-taxscan.jpg "Deduction on Cost of Building not Allowable under Capital Gain when Value of Building is not Mentioned in Fixed Assets’ Schedule: ITAT [Read Order]")
Addition u/s 69C cannot be Imposed on Trading in Scrips on Account of Share Price Movement: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench, has recently, in an appeal filed before it, held that an addition under Section 69C of the Income Tax Act cannot be imposed on trading in...
![Addition u/s 69C cannot be Imposed on Trading in Scrips on Account of Share Price Movement: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Imposed-on-Trading-in-Scrips-on-Account-of-Share-Price-Movement-ITAT-TAXSCAN.jpg "Addition u/s 69C cannot be Imposed on Trading in Scrips on Account of Share Price Movement: ITAT [Read Order]")
ITAT allows Increase in Proportionate Capital Gains Deduction u/s 54F for Disallowance of Indexed Cost of Improvement: ITAT [Read Order]
The Pune bench of Income Tax Appellate Tribunal (ITAT) has allowed increase in proportionate capital gain deduction under Section 54F of the Income Tax Act, 1961 for disallowance of index cost of...
![ITAT allows Increase in Proportionate Capital Gains Deduction u/s 54F for Disallowance of Indexed Cost of Improvement: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/ITAT-Proportionate-Capital-Gains-Deduction-Disallowance-Indexed-Cost-of-Improvement-ITAT-TAXSCAN.jpg "ITAT allows Increase in Proportionate Capital Gains Deduction u/s 54F for Disallowance of Indexed Cost of Improvement: ITAT [Read Order]")
No addition can made u/s 23(4) of Act on Deemed Rent on Unsold Flats declared as Stock In Trade: ITAT [Read Order]
In a significant case the Pune bench of the Income Tax Appellate Tribunal (ITAT) held that no addition could be made under Section 23(4) of Income Tax Act, 1961 on deemed rent on unsold flats...
![No addition can made u/s 23(4) of Act on Deemed Rent on Unsold Flats declared as Stock In Trade: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/u-s-234-Act-Deemed-Rent-on-Unsold-Flats-declared-as-Stock-In-Trade-ITAT-TAXSCAN.jpg "No addition can made u/s 23(4) of Act on Deemed Rent on Unsold Flats declared as Stock In Trade: ITAT [Read Order]")
Relief to Thomson Press India: ITAT directs to consider Claim in the Year when Actual Payment is made towards Leave Encashment [Read Order]
In a major relief to Thomson Press (India) Ltd, the New Delhi Bench of the Income Tax Appellate Tribunal (ITAT), directed the Assessing Officer (AO) to consider the claim in the year when actual...
![Relief to Thomson Press India: ITAT directs to consider Claim in the Year when Actual Payment is made towards Leave Encashment [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Thomson-Press-India-ITAT-Claim-Actual-Payment-Leave-Encashment-TAXSCAN.jpg "Relief to Thomson Press India: ITAT directs to consider Claim in the Year when Actual Payment is made towards Leave Encashment [Read Order]")
Appeals against ITAT Order will Lie only before the HC within whose Jurisdiction Assessing Officer is Situated: SC upholds HC Order [Read Order]
In a recent decision the Supreme Court of India upheld the order of the High Court of Bombay and reiterated that the appeals against Income Tax Appellate Tribunal (ITAT) order will lie only before...
![Appeals against ITAT Order will Lie only before the HC within whose Jurisdiction Assessing Officer is Situated: SC upholds HC Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Appeals-ITAT-Order-Assessing-Officer-Supreme-court-High-court-Order-taxscan.jpeg "Appeals against ITAT Order will Lie only before the HC within whose Jurisdiction Assessing Officer is Situated: SC upholds HC Order [Read Order]")