![Order passed u/s 263 will not sustainable when no error in Assessment Order: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Order-assessment-order-ITAT-taxscan.jpg "Order passed u/s 263 will not sustainable when no error in Assessment Order: ITAT [Read Order]")
Order passed u/s 263 will not sustainable when no error in Assessment Order: ITAT [Read Order]
The Income Tax Appellate Tribunal, Rajkot bench held that the order passed u/s 263 will not sustainable when no error in the assessment order by AO. ...
![ITAT upholds Addition of Income from Cricket Betting as Business Income applying 1% of GP [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/ITAT-Income-Cricket-Betting-Business-Income-GP-TAXSCAN.jpeg "ITAT upholds Addition of Income from Cricket Betting as Business Income applying 1% of GP [Read Order]")
![Concealment of particulars of Income not proved: ITAT grants relief to Axis Bank [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Concealment-income-ITAT-Axis-Bank-taxscan.jpeg "Concealment of particulars of Income not proved: ITAT grants relief to Axis Bank [Read Order]")
![Development Fee directly taken to Corpus Account and Invested in Fixed Asset can be allowed as Capital Receipt: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Development-Fee-Corpus-Account-Fixed-Asset-Capital-Receipt-ITAT-Taxscan.jpg "Development Fee directly taken to Corpus Account and Invested in Fixed Asset can be allowed as Capital Receipt: ITAT [Read Order]")
![Penalty u/s 271(1)(c) not applicable when Income Computed on Estimated Basis: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Penalty-Income-ITAT-taxscan.jpg "Penalty u/s 271(1)(c) not applicable when Income Computed on Estimated Basis: ITAT [Read Order]")
'Not All Appellate Orders are Erroneous': ITAT asks Dept to be Careful in Filing Appeals [Read Order]
The Income Tax Appellate Tribunal (ITAT), Cuttack bench comprising Shri George Mathan, Judicial Member and Shri Arun Khodpia, Accountant Member has advised the income tax department to be careful in...
![Not All Appellate Orders are Erroneous: ITAT asks Dept to be Careful in Filing Appeals [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Appellate-Orders-ITAT-Dept-Appeals-taxscan.jpg "Not All Appellate Orders are Erroneous: ITAT asks Dept to be Careful in Filing Appeals [Read Order]")
Prima facie belief that there is Escape of Income is sufficient proof to Re-Open Assessment: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune bench presided by S.S.Godara, Judicial Member held that prima facie belief that there is the escape of income is sufficient proof to initiate...
![Prima facie belief that there is Escape of Income is sufficient proof to Re-Open Assessment: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/income-reassessment-proceedings-ITAT-taxscan.jpeg "Prima facie belief that there is Escape of Income is sufficient proof to Re-Open Assessment: ITAT [Read Order]")
Compensation Received for Relinquishment of Right in a Property is assessable under ‘Income from Capital Gains’ and eligible for Deduction u/s 54F: ITAT [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal ( ITAT ) presided by Mr. I G. Manjunatha, Accountant Member, and Mr. Anikesh Banerjee, Judicial Member has held that compensation received for...
![Compensation Received for Relinquishment of Right in a Property is assessable under ‘Income from Capital Gains’ and eligible for Deduction u/s 54F: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Relinquishment-Property-Income-Capital-Gains-Deduction-ITAT-Taxscan.jpg "Compensation Received for Relinquishment of Right in a Property is assessable under ‘Income from Capital Gains’ and eligible for Deduction u/s 54F: ITAT [Read Order]")
![Expenses vouched and Verified incompletely will invalidate the Addition: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Expenses-verified-incompletely-ITAT-invalidate-addition-Taxscan.jpg "Expenses vouched and Verified incompletely will invalidate the Addition: ITAT [Read Order]")
No Deduction of Actual Expenditure incurred on House Property besides 30% Statutory Deduction on Income from House Property: ITAT [Read Order]
The Chennai bench of Income Tax Appellate Tribunal ( ITAT ) has held that no deduction of actual expenditure incurred on house property besides 30% statutory deduction on Income from House Property. ...
![No Deduction of Actual Expenditure incurred on House Property besides 30% Statutory Deduction on Income from House Property: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Deduction-Income-from-House-Property-ITAT-taxscan.jpg "No Deduction of Actual Expenditure incurred on House Property besides 30% Statutory Deduction on Income from House Property: ITAT [Read Order]")
Addition of Undisclosed Income will sustain unless Transaction details of Refund made by Customer were furnished: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune bench has held that the addition of undisclosed income will sustain unless transaction details of refund made by customer were furnished. The...
![Addition of Undisclosed Income will sustain unless Transaction details of Refund made by Customer were furnished: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/income-transaction-refund-customer-ITAT-taxscan.jpeg "Addition of Undisclosed Income will sustain unless Transaction details of Refund made by Customer were furnished: ITAT [Read Order]")