![Delay in Filing Appeal due to Service of FAA Notice to Old CAs Mail ID: ITAT remands Matter [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-Mumbai-readjudication-condonation-of-delay-filing-appeal-delay-in-filing-appeal-taxscan.jpg "Delay in Filing Appeal due to Service of FAA Notice to Old CAs Mail ID: ITAT remands Matter [Read Order]")
Delay in Filing Appeal due to Service of FAA Notice to Old CA's Mail ID: ITAT remands Matter [Read Order]
The Bangalore bench of Income Tax Appellate Tribunal(ITAT) remanded the case back to CIT(A) for a fresh review due to improper service and a delayed...
![NBFC Loan to its Sister Concern is for Mere Shift of Funds from One Entity to Another: ITAT rejects Bad Debt Claim [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/WhatsApp-Image-2024-08-05-at-11.58.26-AM.jpeg "NBFC Loan to its Sister Concern is for Mere Shift of Funds from One Entity to Another: ITAT rejects Bad Debt Claim [Read Order]")
![No Deduction for Interest Paid on FCCD under Tonnage Tax Scheme: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-Tax-Scheme-FCCD-Deduction-Foreign-Currency-Convertible-Debentures-taxscan.jpg "No Deduction for Interest Paid on FCCD under Tonnage Tax Scheme: ITAT [Read Order]")
![S.80G(5) Registration Application Submitted Afresh within Extended Time: ITAT directs CIT(E) to consider Application [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/Application-for-Registration-IT-ActTrust-constructs-Building-deriving-Funds-from-Trust-on-Land-Owned-by-Trustees-ITAT-TAXSCAN.jpg "S.80G(5) Registration Application Submitted Afresh within Extended Time: ITAT directs CIT(E) to consider Application [Read Order]")
“Dragging the assessee to litigation and creating another Demand”: ITAT raps AO and Appellate Authority for failing to examine facts on record [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) quashed an Assessment Order passed by an Assessing Officer under Sections 144 and 147 of the Income Tax Act, 1961. The aforementioned...
![“Dragging the assessee to litigation and creating another Demand”: ITAT raps AO and Appellate Authority for failing to examine facts on record [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/ITAT-Appellate-Authority-AO-ITAT-raps-litigation-Income-Tax-Appellate-Tribunal-TAXSCAN.jpg "“Dragging the assessee to litigation and creating another Demand”: ITAT raps AO and Appellate Authority for failing to examine facts on record [Read Order]")
Disputed Transaction outside ambit of Income Tax Section 2(22)(e): ITAT directs AO to delete Additions [Read Order]
The Banglore Bench of Income Tax Appellate Tribunal (ITAT) directed the AO( Assessing Officer ) to delete the additions made by him as the disputed transaction comes outside the ambit of the Section...
![Disputed Transaction outside ambit of Income Tax Section 2(22)(e): ITAT directs AO to delete Additions [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/TAT-ITAT-directs-AO-Income-Tax-Income-Tax-Appellate-Tribunal-Income-Tax-Act-Assessing-Officer-ITAT-bangalore-taxscan.jpg "Disputed Transaction outside ambit of Income Tax Section 2(22)(e): ITAT directs AO to delete Additions [Read Order]")
Non-Filing of Condonation Application with Appeal Memo: Jharkhand HC dismisses Income Tax Dept Appeal [Read Order]
The Jharkhand High Court dismissed the department's appeal, ruling that a delayed condonation application not filed with the appeal memo cannot rectify defects if submitted later. The department...
![Non-Filing of Condonation Application with Appeal Memo: Jharkhand HC dismisses Income Tax Dept Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/Jharkhand-High-Court-Jharkhand-HC-Jharkhand-HC-dismisses-Income-Tax-Income-Tax-Dept-Appeal-taxscan.webp "Non-Filing of Condonation Application with Appeal Memo: Jharkhand HC dismisses Income Tax Dept Appeal [Read Order]")
![ITAT deletes 69 Addition as Cash Sales cant take place before Commencement of Business [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/ITAT-Cash-Sales-place-Commencement-Business-taxscan.jpg "ITAT deletes 69 Addition as Cash Sales cant take place before Commencement of Business [Read Order]")
Indexation Benefit Allowable Based on Cost of Acquisition of Property Sold by Taxpayer: ITAT [Read Order]
The New Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) held that the indexation benefit is allowable based on the cost of acquisition of property sold by the taxpayer. It was held that the...
![Indexation Benefit Allowable Based on Cost of Acquisition of Property Sold by Taxpayer: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/Income-Tax-Appellate-Tribunal-ITAT-Taxpayer-indexation-acquisition-of-property-long-term-capital-loss-taxscan.jpg "Indexation Benefit Allowable Based on Cost of Acquisition of Property Sold by Taxpayer: ITAT [Read Order]")
No Wrong in Jewellery kept in Maternal Family by Married Daughter: ITAT deletes Addition [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) found no wrongdoing in jewellery being kept in the maternal family by a married daughter, leading to the deletion of the related addition. ...
![No Wrong in Jewellery kept in Maternal Family by Married Daughter: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/ITAT-Income-Tax-Addition-ITAT-Delhi-Income-Tax-Jewellery-Income-Tax-Jewellery-in-Maternal-Family-Taxscan.jpg "No Wrong in Jewellery kept in Maternal Family by Married Daughter: ITAT deletes Addition [Read Order]")
No Evidence to prove Receipt of commission from foreign Entities: Delhi HC Dismisses Income Tax Dept’s Appeal [Read Order]
In a recent case, the Delhi High Court dismissed the Income Tax Department’s appeal as there was no evidence to prove receipt of commission from foreign entities. It was viewed that the Revenue was...
![No Evidence to prove Receipt of commission from foreign Entities: Delhi HC Dismisses Income Tax Dept’s Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/Income-Tax-Income-Tax-Department-Delhi-High-Court-Delhi-HC-Income-Tax-Appeal-TAXSCAN.jpg "No Evidence to prove Receipt of commission from foreign Entities: Delhi HC Dismisses Income Tax Dept’s Appeal [Read Order]")