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![Defect in Statutory Notice in Not Striking Out of Irrelevant Ground Vitiates Penalty Proceedings: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Statutory-Notice-Penalty-Proceedings-ITAT-Penalty-income-tax-taxscan.jpg "Defect in Statutory Notice in Not Striking Out of Irrelevant Ground Vitiates Penalty Proceedings: ITAT [Read Order]")
Defect in Statutory Notice in Not Striking Out of Irrelevant Ground Vitiates Penalty Proceedings: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench, has recently, in an appeal filed before it, held that defect in statutory notice in not...
![Mere Delay in Filing Form No. 67 U/R 128(9) not a Ground to Deny Foreign Tax Credit: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Delay-in-Filing-Form-No.-67-Filing-Form-No.-67-Foreign-Tax-Credit-ITAT-taxscan.jpg "Mere Delay in Filing Form No. 67 U/R 128(9) not a Ground to Deny Foreign Tax Credit: ITAT [Read Order]")
![Replacement Expenditure cannot be treated as “Current Repairs”: ITAT denies Revenue Expenditure Claim [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Replacement-Current-Repairs-ITAT-Revenue-Expenditure-Claim-TAXSCAN.jpg "Replacement Expenditure cannot be treated as “Current Repairs”: ITAT denies Revenue Expenditure Claim [Read Order]")
![Interest u/s 234A cannot be Levied If Income Tax Return filed within Due Date: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Income-Tax-Return-ITAT-TAXSCAN.jpg "Interest u/s 234A cannot be Levied If Income Tax Return filed within Due Date: ITAT [Read Order]")
![Repayment of Debt is Application of Income If Such Debt Was Taken as Part of Receipts of Charitable Trust: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Repayment-Debt-Income-Charitable-Trust-ITAT-TAXSCAN.jpg "Repayment of Debt is Application of Income If Such Debt Was Taken as Part of Receipts of Charitable Trust: ITAT [Read Order]")
![Security Charges Not subject to TDS u/s 194C of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Security-Charges-TDS-Income-Tax-Act-ITAT-TAXSCAN-1.jpg "Security Charges Not subject to TDS u/s 194C of Income Tax Act: ITAT [Read Order]")
Receipt from Conversion of Agricultural Land into Non-Agricultural Purpose is “Business Income”: ITAT [Read Order]
The Rajkot Bench of Income Tax Appellate Tribunal (ITAT) has held that the receipt from conversion of agricultural land into Non-Agricultural purpose would be treated as business income. Naresh...
![Receipt from Conversion of Agricultural Land into Non-Agricultural Purpose is “Business Income”: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Agricultural-Land-Business-Income-ITAT-Conversion-of-Agricultural-Land-taxscan.jpg "Receipt from Conversion of Agricultural Land into Non-Agricultural Purpose is “Business Income”: ITAT [Read Order]")
LLP receiving share of Profit from other Partnership Firm eligible for Income Tax Exemption u/s 10(2A): ITAT [Read Order]
The Bangalore Bench of Income Tax Appellate Tribunal (ITAT) has held that Limited Liability Partnership (LLP) receiving share of profit from other firms shall be eligible for income tax exemption...
![LLP receiving share of Profit from other Partnership Firm eligible for Income Tax Exemption u/s 10(2A): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/LLP-share-Profit-from-Partnership-Income-Tax-ITAT-TAXSCAN-1.jpg "LLP receiving share of Profit from other Partnership Firm eligible for Income Tax Exemption u/s 10(2A): ITAT [Read Order]")
![Mother keeping Jewellery of Married Daughter Not Uncommon in India: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Jewellery-of-Married-Daughter-Jewellery-ITAT-Addition-taxscan.jpg "Mother keeping Jewellery of Married Daughter Not Uncommon in India: ITAT deletes Addition [Read Order]")
![Statutory Notice should not be Issued in a Casual and Mechanical Manner: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Notice-Casual-Mechanical-Manner-ITAT-TAXSCAN.jpg "Statutory Notice should not be Issued in a Casual and Mechanical Manner: ITAT [Read Order]")
Amount paid to Partner of LLP out of balance of Accumulated Profits due to Commercial Expediency Not Taxable as “Capital Gain”, No violation of S. 47(xiiib)(f): ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) removed the Assessing Officer's addition and determined that the sum given to the LLP partner from the remaining Accumulated Profits due...
![Amount paid to Partner of LLP out of balance of Accumulated Profits due to Commercial Expediency Not Taxable as “Capital Gain”, No violation of S. 47(xiiib)(f): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/LLP-Accumulated-Profits-Taxable-Capital-Gain-S47xiiibf-ITAT-TAXSCAN.jpg "Amount paid to Partner of LLP out of balance of Accumulated Profits due to Commercial Expediency Not Taxable as “Capital Gain”, No violation of S. 47(xiiib)(f): ITAT [Read Order]")