Income Tax Dept conducts Search in Karnataka, Unearths Unaccounted Income of Rs. 1300 crore
Income Tax Department initiated Search & Seizure actions on 20.10.2022 and 02.11.2022 on certain individuals who had executed Joint Development...
![No application of Sec 43CA on absence of element of Transfer: ITAT deletes Income Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/application-ITAT-Income-Tax-Addition-TAXSCAN-1.jpg "No application of Sec 43CA on absence of element of Transfer: ITAT deletes Income Addition [Read Order]")
![Overwhelming Genuine Business Transactions cannot be Disallowed under section 40(3) Income Tax: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Business-Transactions-Income-Tax-ITAT-taxscan.jpg "Overwhelming Genuine Business Transactions cannot be Disallowed under section 40(3) Income Tax: ITAT [Read Order]")
![Allowing Income Tax Claim without Examination amount to ‘Erroneous Assessment’: ITAT upholds Revisional Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Income-Tax-Claim-Examination-Erroneous-Assessment-ITAT-TAXSCAN.jpg "Allowing Income Tax Claim without Examination amount to ‘Erroneous Assessment’: ITAT upholds Revisional Order [Read Order]")
Income Tax Addition u/s 68 not permissible When Assessee furnished all evidences proving identity and creditworthiness of the Investors: ITAT upholds order of CIT(A)
Income Tax Addition u/s 68 of the Income Tax Act,1961 is not permissible when the assessee furnished all evidence proving the identity and creditworthiness of the investors, the Kolkata Bench of the...
Reliance on bald statement and dumb document extracted from Laptop: ITAT deletes Income Tax Addition [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench deleted income tax disallowance as reliance was made by Assessing Officer (AO) on bald statement and dumb document extracted from laptop. The...
![Reliance on bald statement and dumb document extracted from Laptop: ITAT deletes Income Tax Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/dumb-document-Laptop-ITAT-Income-Tax-Addition-TAXSCAN.jpg "Reliance on bald statement and dumb document extracted from Laptop: ITAT deletes Income Tax Addition [Read Order]")
Self-Certified Copy of Documents seeking Registration of Charitable Trust under Income Tax is sufficient for Cerification under amended Rule 17A: ITAT [Read Order]
The Jaipur Bench of the Income Tax Appellate Tribunal ( ITAT ) has held that Self-certified copy of documents seeking registration of charitable trust under Section 12 AA of the Income Tax Act,1961...
![Self-Certified Copy of Documents seeking Registration of Charitable Trust under Income Tax is sufficient for Cerification under amended Rule 17A: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/documents-registration-charitable-trust-Income-Tax-amended-Rule-ITAT-taxscan.jpg "Self-Certified Copy of Documents seeking Registration of Charitable Trust under Income Tax is sufficient for Cerification under amended Rule 17A: ITAT [Read Order]")
Income Tax: Pre-Consultation Notice u/s 148A(b) cannot be Challenged through Writ Petition, rules Madhya Pradesh HC [Read Order]
In a significant ruling, the Madhya Pradesh High Court, while dismissing a writ petition, has held that the notice under section 148A(b) of the Income Tax Act, 1961 cannot be challenged through a...
![Income Tax: Pre-Consultation Notice u/s 148A(b) cannot be Challenged through Writ Petition, rules Madhya Pradesh HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Income-Tax-Pre-Consultation-Notice-Writ-Petition-Madhya-Pradesh-HC-taxscan.jpg "Income Tax: Pre-Consultation Notice u/s 148A(b) cannot be Challenged through Writ Petition, rules Madhya Pradesh HC [Read Order]")
Intimationand Demand u/s 143(1) Not Reflected on Income Tax Portal, No Consequent Grievances: ITAT [Read Order]
The Jaipur bench of the Income Tax Appellate Tribunal (ITAT) has held that since the intimation under section 143(1) of the Income Tax Act, 1961 is not reflected in the tax portal, there cannot be...
![Intimationand Demand u/s 143(1) Not Reflected on Income Tax Portal, No Consequent Grievances: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Intimationand-Demand-Income-Tax-Portal-ITAT-TAXSCAN.jpg "Intimationand Demand u/s 143(1) Not Reflected on Income Tax Portal, No Consequent Grievances: ITAT [Read Order]")
Proper filing of Form 10 manually with Income Tax Return: ITAT grants exemption u/s 11 of Income Tax Act [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Pune Bench granted exemption under Section 11 of the Income Tax Act, 1961 on the ground of proper filing of Form 10 manually with Income Tax Return. The...
![Proper filing of Form 10 manually with Income Tax Return: ITAT grants exemption u/s 11 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Form-10-Income-Tax-Return-ITAT-Income-Tax-Act-taxscan.jpg "Proper filing of Form 10 manually with Income Tax Return: ITAT grants exemption u/s 11 of Income Tax Act [Read Order]")
Expenses incurred for Business allowable as a Income Tax Deduction until the Liquidation of Firm: ITAT [Read Order]
In a recent ruling, the Ahmedabad Bench of the Income Tax Appellate Tribunal ( ITAT )has held that expenses incurred for business are allowable as a deduction until the actual liquidation of firm. ...
![Expenses incurred for Business allowable as a Income Tax Deduction until the Liquidation of Firm: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Income-Tax-Deduction-Liquidation-ITAT-taxscan.jpg "Expenses incurred for Business allowable as a Income Tax Deduction until the Liquidation of Firm: ITAT [Read Order]")