![Status and Traditional Practices shall be Considered during Addition of Unexplained Jewellery: ITAT Allows Further Benefit of 600 Grams of Jewellery to NRI woman [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Status-and-Traditional-Practices-Unexplained-Jewellery-ITAT-NRI-woman-TAXSCAN.jpg "Status and Traditional Practices shall be Considered during Addition of Unexplained Jewellery: ITAT Allows Further Benefit of 600 Grams of Jewellery to NRI woman [Read Order]")
Status and Traditional Practices shall be Considered during Addition of Unexplained Jewellery: ITAT Allows Further Benefit of 600 Grams of Jewellery to NRI woman [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal (ITAT) has allowed the benefit of 600 grams of jewellery to the NRI women observing that the...
![Provisions of IBC Overrides All Acts Including Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/IBC-Acts-Income-Tax-Act-ITAT-TAXSCAN.jpg "Provisions of IBC Overrides All Acts Including Income Tax Act: ITAT [Read Order]")
![Income of Fine, Lab Fee, Founder Day Charges, Photograph Charges are Incidental to Running of Educational Institution: ITAT Allows Income Tax Exemption [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Income-Lab-Fee-Photograph-Charges-Educational-Institution-ITAT-Income-Tax-Exemption-TAXSCAN.jpg "Income of Fine, Lab Fee, Founder Day Charges, Photograph Charges are Incidental to Running of Educational Institution: ITAT Allows Income Tax Exemption [Read Order]")
![Income Tax Penalty cannot be Levied If Tax Audit was not done for a Reasonable Cause but Filed before Completion of Assessment [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Income-Tax-Penalty-Tax-Audit-Reasonable-Cause-Assessment-TAXSCAN.jpg "Income Tax Penalty cannot be Levied If Tax Audit was not done for a Reasonable Cause but Filed before Completion of Assessment [Read Order]")
![Reimbursement of Expenses on Cost to Cost basis related to FTS Not subject to TDS: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Reimbursement-Cost-basis-FTS-TDS-ITAT-TAXSCAN.jpg "Reimbursement of Expenses on Cost to Cost basis related to FTS Not subject to TDS: ITAT [Read Order]")
Training and Related Activities concerned with Utilization and Installation of Software Not FTS: ITAT [Read Order]
The Delhi bench of Income Tax Appellate Tribunal (ITAT) held that the training and related activities concerned with utilization and installation of software not FTS. The assessee M/s TSYS Card...
![Training and Related Activities concerned with Utilization and Installation of Software Not FTS: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Training-and-Related-Activities-Installation-of-Software-FTS-ITAT-TAXSCAN.jpg "Training and Related Activities concerned with Utilization and Installation of Software Not FTS: ITAT [Read Order]")
Purchase of Flat out of Sale Proceeds of Gold Jewellery: ITAT Allows Capital Gain Exemption u/s 54F [Read Order]
The Mumbai Bench of Income Tax Appellate tribunal (ITAT) has allowed capital gain exemption under Section 54F of the Income Tax Act 1961, on finding that the purchase of flats was out of sale...
![Purchase of Flat out of Sale Proceeds of Gold Jewellery: ITAT Allows Capital Gain Exemption u/s 54F [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Sale-Proceeds-of-Gold-Jewellery-ITAT-Capital-Gain-Exemption-TAXSCAN.jpg "Purchase of Flat out of Sale Proceeds of Gold Jewellery: ITAT Allows Capital Gain Exemption u/s 54F [Read Order]")
![ITAT deletes Penalty as Quantum Addition does not Attain Finality [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/ITAT-Penalty-Addition-Attain-Finality-TAXSCAN.jpg "ITAT deletes Penalty as Quantum Addition does not Attain Finality [Read Order]")
“Preferring An Appeal does Not Mean Mere Formally Filing It But Also Taking All The Steps To Effectively Pursue The Appeal”: ITAT Refuses to Condone Delay [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) recently refused to condone the delay and remarked that “preferring an Appeal does not mean mere formally filing it but also taking all the...
![“Preferring An Appeal does Not Mean Mere Formally Filing It But Also Taking All The Steps To Effectively Pursue The Appeal”: ITAT Refuses to Condone Delay [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Appeal-Effectivel-Appeal-ITAT-TAXSCAN.jpg "“Preferring An Appeal does Not Mean Mere Formally Filing It But Also Taking All The Steps To Effectively Pursue The Appeal”: ITAT Refuses to Condone Delay [Read Order]")
![Interest paid on Delayed Deposit of Income Tax/TDS Not Allowable as Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Interest-Deposit-Income-Tax-TDS-ITAT-TAXSCAN.jpg "Interest paid on Delayed Deposit of Income Tax/TDS Not Allowable as Expenditure: ITAT [Read Order]")
Non-Registered Banakhat is Not A Valid Document for Property Transfer: ITAT disallows Capital Gain Exemption u/s 54F [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmadabad Bench, has recently, in an appeal filed before it, while disallowing capital gain exemption u/s 54 F, held that non- registered banakhat is not a...
![Non-Registered Banakhat is Not A Valid Document for Property Transfer: ITAT disallows Capital Gain Exemption u/s 54F [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Non-Registered-Banakhat-Property-Transfer-ITAT-Capital-Gain-Exemption-TAXSCAN.jpg "Non-Registered Banakhat is Not A Valid Document for Property Transfer: ITAT disallows Capital Gain Exemption u/s 54F [Read Order]")
TDS Credit shall be given for the Assessment year for which such Income is Assessable: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmadabad Bench, has recently, in an appeal filed before it, held that TDS credit shall be given for the assessment year for which such income is assessable....
![TDS Credit shall be given for the Assessment year for which such Income is Assessable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/TDS-Credit-Assessment-Income-ITAT-TAXSCAN.jpg "TDS Credit shall be given for the Assessment year for which such Income is Assessable: ITAT [Read Order]")