![Money Laundering through Stockbroker: ITAT upholds Denial of Income Tax Exemption u/s10(38) [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Money-Launder-Stockbroker-ITAT-upholds-Income-Tax-Exemption-taxscan.jpeg "Money Laundering through Stockbroker: ITAT upholds Denial of Income Tax Exemption u/s10(38) [Read Order]")
Money Laundering through Stockbroker: ITAT upholds Denial of Income Tax Exemption u/s10(38) [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi bench has upheld an order denying income tax exemption to the assessee allegedly involved in the scam...
![CBDT notifies Income Tax (Twelfth Amendment) Rules, 2022 [Read Notification]](https://www.taxscan.in/wp-content/uploads/2022/05/CBDT-Income-tax-rules-Twelfth-Amendment-2022-Taxscan.jpeg "CBDT notifies Income Tax (Twelfth Amendment) Rules, 2022 [Read Notification]")
![CBDT issues Guidelines for Computation of Exemption in the hands of Abu Dhabi Investment Authority [Read Notification]](https://www.taxscan.in/wp-content/uploads/2022/05/CBDT-Computation-of-Exemption-Abu-Dhabi-Investment-Authority-Taxscan.jpeg "CBDT issues Guidelines for Computation of Exemption in the hands of Abu Dhabi Investment Authority [Read Notification]")
![Prosecution under PMLA is not Sustainable as Income Tax Dept has no Case against Accused: Supreme Court sets aside HC’s Order [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2022/05/Prosecution-PMLA-Income-Tax-Dept-Accused-Supreme-Court-HCs-Order-taxscan.jpg "Prosecution under PMLA is not Sustainable as Income Tax Dept has no Case against Accused: Supreme Court sets aside HC’s Order [Read Judgment]")
![Income Tax Dept issues Instructions for filing Form 10BD [Read Instructions]](https://www.taxscan.in/wp-content/uploads/2022/04/income-tax-department-Form-10BD-Income-tax-Taxscan.jpeg "Income Tax Dept issues Instructions for filing Form 10BD [Read Instructions]")
Assessee can’t be Penalized for Income Tax Practitioner’s Failure: ITAT condones Delay of 678 Days [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT), while condoning a delay of 678 days in filing the appeal, has held that the assessee cannot be penalized for the income tax...
![Assessee can’t be Penalized for Income Tax Practitioner’s Failure: ITAT condones Delay of 678 Days [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Assessee-Penalized-Income-Tax-Practitioners-Failure-ITAT-condones-Delay-Taxscan.jpeg "Assessee can’t be Penalized for Income Tax Practitioner’s Failure: ITAT condones Delay of 678 Days [Read Order]")
Income Tax Addition based on a ‘Dumb Document’ as declared by CESTAT is not Sustainable: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad bench has quashed an income tax addition made by the department depending on a document declared as a ‘dumb document’ by the Customs, Excise and...
![Income Tax Addition based on a ‘Dumb Document’ as declared by CESTAT is not Sustainable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Income-Tax-Dumb-Document-CESTAT-Income-Tax-Addition-ITAT-Taxscan.jpg "Income Tax Addition based on a ‘Dumb Document’ as declared by CESTAT is not Sustainable: ITAT [Read Order]")
Interest u/s 234B and 234C of the Income Tax Act can’t be levied on Additional Income declared under Modified Return: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi bench has held that the levy of interest under sections 234B and 234C of the Income Tax Act, 1961 for non/short payment of advance tax installment and...
![Interest u/s 234B and 234C of the Income Tax Act can’t be levied on Additional Income declared under Modified Return: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Income-Tax-Act-Additional-Income-ITAT.jpg "Interest u/s 234B and 234C of the Income Tax Act can’t be levied on Additional Income declared under Modified Return: ITAT [Read Order]")
![Mere Mistake in filing of Income Tax Return would not result in Enhancement of Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Mistake-Income-Tax-Return-filing-Income-tax-Income-ITAT-Taxscan.jpeg "Mere Mistake in filing of Income Tax Return would not result in Enhancement of Income: ITAT [Read Order]")
Exemption cannot be denied to Charitable Entity merely because Advertisement of Scholarship to Poor Student was published in One News Paper Only: Delhi HC [Read Order]
A division bench of the Delhi High Court has held that the exemption under the provisions of the Income Tax Act, 1961 cannot be denied to a charitable entity merely for the reason that the...
![Exemption cannot be denied to Charitable Entity merely because Advertisement of Scholarship to Poor Student was published in One News Paper Only: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Exemption-Charitable-Entity-Advertisement-Scholarship-Poor-Student-published-News-Paper-Delhi-HC-Taxscan.jpg "Exemption cannot be denied to Charitable Entity merely because Advertisement of Scholarship to Poor Student was published in One News Paper Only: Delhi HC [Read Order]")
Income Tax Proceedings attached with Presumption of Truth: Non-Appearance Implies that Assessee has Nothing to Rebut, rules ITAT [Read Order]
The Income Tax Appellate Tribunal, Delhi bench has held that the income tax proceedings are attached with the presumption of truth and the non-appearance before the authorities would imply that the...
![Income Tax Proceedings attached with Presumption of Truth: Non-Appearance Implies that Assessee has Nothing to Rebut, rules ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Income-Tax-Income-Tax-Proceedings-Presumption-of-Truth-Non-Appearance-Rebut-ITAT-Assessee-Taxscan.jpg "Income Tax Proceedings attached with Presumption of Truth: Non-Appearance Implies that Assessee has Nothing to Rebut, rules ITAT [Read Order]")