![Interest granted by Court Order on Enhanced Compensation on Land Acquisition from Date of Possession till Judgment Not Taxable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Interest-Court-Order-Land-Acquisition-Judgment-Taxable-ITAT-TAXSCAN.jpg "Interest granted by Court Order on Enhanced Compensation on Land Acquisition from Date of Possession till Judgment Not Taxable: ITAT [Read Order]")
Interest granted by Court Order on Enhanced Compensation on Land Acquisition from Date of Possession till Judgment Not Taxable: ITAT [Read Order]
The Pune Bench of Income Tax Appellate Tribunal (ITAT) has held that the interest granted by court order on enhanced compensation on land acquisition...
![Amendment to Section 40(a)(ia) of Income Tax Act vide Finance Act, 2014 has No Retrospective Effect: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Amendment-Income-Tax-Act-Finance-Act-ITAT-Income-Tax-taxscan.jpg "Amendment to Section 40(a)(ia) of Income Tax Act vide Finance Act, 2014 has No Retrospective Effect: ITAT [Read Order]")
![Deduction u/s 80(1C) Allowable If Form 10CB filed before Final Assessment Order: ITAT [Read Order]](/images/placeholder.jpg "Deduction u/s 80(1C) Allowable If Form 10CB filed before Final Assessment Order: ITAT [Read Order]")
![Company couldn’t Prove that Cash Loan was taken for Urgent Disbursal of Salary: ITAT Upholds Penalty u/s 271D [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Company-Cash-Loan-Urgent-Salary-ITAT-Penalty-TAXSCAN.jpg "Company couldn’t Prove that Cash Loan was taken for Urgent Disbursal of Salary: ITAT Upholds Penalty u/s 271D [Read Order]")
![Payment of Electricity Duty Deductible u/s 43B of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Payment-Electricity-Duty-Deductible-Income-Tax-Act-ITAT-TAXSCAN.jpg "Payment of Electricity Duty Deductible u/s 43B of Income Tax Act: ITAT [Read Order]")
Disallowance of Claim does not mean that Particulars furnished by Assessee are Wrong: ITAT deletes Penalty [Read Order]
The Income Tax Appellate Tribunal (ITAT), Jaipur Bench, has recently in an appeal filed before it, while deleting the penalty, held that disallowance of claim does not mean that particulars furnished...
![Disallowance of Claim does not mean that Particulars furnished by Assessee are Wrong: ITAT deletes Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Disallowance-of-Claim-ITAT-Penalty-taxscan.jpg "Disallowance of Claim does not mean that Particulars furnished by Assessee are Wrong: ITAT deletes Penalty [Read Order]")
CPC not Authorized to Carry Out Adjustment for Disallowance of Deduction u/s 80P Income Tax Act: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench held that Centralized Processing Centre (CPC) not authorized to carry out adjustment for disallowance of deduction under Section 80P of the...
![CPC not Authorized to Carry Out Adjustment for Disallowance of Deduction u/s 80P Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/CPC-Disallowance-of-Deduction-Deduction-Income-Tax-Act-ITAT-Income-Tax-taxscan.jpg "CPC not Authorized to Carry Out Adjustment for Disallowance of Deduction u/s 80P Income Tax Act: ITAT [Read Order]")
Addition can't be deleted in absence of Incriminating Material showing the Purchase of Furniture and Fixtures including Decoration: ITAT [Read Order]
In a significant ruling, the Income Tax Appellate Tribunal (ITAT) of Varanasi Bench has held that an addition can't be deleted in absence of incriminating material showing the purchase of furniture...
![Addition cant be deleted in absence of Incriminating Material showing the Purchase of Furniture and Fixtures including Decoration: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Addition-Incriminating-Material-Furniture-and-Fixtures-ITAT-TAXSCAN.jpg "Addition cant be deleted in absence of Incriminating Material showing the Purchase of Furniture and Fixtures including Decoration: ITAT [Read Order]")
Incriminating Material found during Surveys when relied by CIT(A), copies should be provided to assessee in adherence to Principles of Natural Justice: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) of Varanasi Bench has held that when the department relies on the incriminating material found during surveyscopies of the same should be provided to assessee...
![Incriminating Material found during Surveys when relied by CIT(A), copies should be provided to assessee in adherence to Principles of Natural Justice: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Material-CITA-Principles-Natural-Justice-ITAT-TAXSCAN.jpg "Incriminating Material found during Surveys when relied by CIT(A), copies should be provided to assessee in adherence to Principles of Natural Justice: ITAT [Read Order]")
Non-Compliance of Statutory Notices due to Unavoidable Circumstances: ITAT Imposes Cost of Rs. 10,000 on Assessee for Callous and Non-Cooperation Attitude [Read Order]
The Hyderabad bench of Income Tax Appellate Tribunal (ITAT) while observing non-compliance of statutory notices due to unavoidable circumstances imposed cost of Rupees 10,000 on assessee for...
![Non-Compliance of Statutory Notices due to Unavoidable Circumstances: ITAT Imposes Cost of Rs. 10,000 on Assessee for Callous and Non-Cooperation Attitude [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Non-Compliance-of-Statutory-Notices-ITAT-TAXSCAN.jpg "Non-Compliance of Statutory Notices due to Unavoidable Circumstances: ITAT Imposes Cost of Rs. 10,000 on Assessee for Callous and Non-Cooperation Attitude [Read Order]")
Penal Provisions of S. 271AAB and 115BBE cannot Attract Once Search Addition and Amount declared u/s 132(4) Accepted by Assessee: ITAT [Read Order]
The Jaipur bench of Income Tax Appellate Tribunal (ITAT) recently held that penal provisions of section 271AAB and section 115 BBE could not be attracted if once search addition and amount has been...
![Penal Provisions of S. 271AAB and 115BBE cannot Attract Once Search Addition and Amount declared u/s 132(4) Accepted by Assessee: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Search-Addition-Assessee-ITAT-TAXSCAN.jpg "Penal Provisions of S. 271AAB and 115BBE cannot Attract Once Search Addition and Amount declared u/s 132(4) Accepted by Assessee: ITAT [Read Order]")
Payment to Seconded Employee by Google India to Google US does not amount to FTS/FIS: ITAT [Read Order]
The Banglore Bench of the Income Tax Appellate Tribunal (ITAT) has ruled that the amounts paid by Google India to Google US in relation to seconded employees do not come under the purview of fees for...
![Payment to Seconded Employee by Google India to Google US does not amount to FTS/FIS: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Seconded-Employee-Payment-to-Seconded-Employee-Google-India-Google-US-FTS-FIS-ITAT-Income-Tax-taxscan.jpg "Payment to Seconded Employee by Google India to Google US does not amount to FTS/FIS: ITAT [Read Order]")