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![ITAT deletes Penalty Imposed u/s 271AAB of Income Tax Act on account of Cash received by Minor Grandson on Birthday during Search Proceedings [Read Order] ITAT deletes Penalty Imposed u/s 271AAB of Income Tax Act on account of Cash received by Minor Grandson on Birthday during Search Proceedings [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/ITAT-deletes-Penalty-Imposed-Income-Tax-Act-on-account-of-Cash-received-by-Minor-Grandson-On-Birthday-during-Search-Proceedings-TAXSCAN.jpg)
ITAT deletes Penalty Imposed u/s 271AAB of Income Tax Act on account of Cash received by Minor Grandson on Birthday during Search Proceedings [Read Order]
The Income Tax Appellate Tribunal (ITAT) Ahmedabad Bench deleted the penalty imposed under Section 271AAB of Income Tax Act, 1961 on account of cash...



![Transfer Pricing addition is to be restricted to International Transaction not Entity Level Transactions: ITAT [Read Order] Transfer Pricing addition is to be restricted to International Transaction not Entity Level Transactions: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Transfer-Pricing-addition-International-Transaction-not-Entity-Level-Transactions-Transfer-Pricing-International-Transaction-ITAT-taxscan.jpg)
![Internet Expenses, Labour Charges as Allowable Business Expenses: ITAT [Read Order] Internet Expenses, Labour Charges as Allowable Business Expenses: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Internet-Expenses-Labour-Charges-Business-Expenses-ITAT-Income-Tax-taxscan.jpg)
![ITAT dismisses Rectification Orders passed u/s 154 of Income Tax Act without setting off Business Loss against Property Income and Income from Other Sources [Read Order] ITAT dismisses Rectification Orders passed u/s 154 of Income Tax Act without setting off Business Loss against Property Income and Income from Other Sources [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/ITAT-dismisses-Rectification-Orders-passed-Income-Tax-Act-Business-Loss-against-Property-Income-and-Income-from-Other-Sources-TAXSCAN.jpg)
![Failure to Collect TCS on Sale of Metal Scrap before Limitation Period: ITAT Quashes AOs order [Read Order] Failure to Collect TCS on Sale of Metal Scrap before Limitation Period: ITAT Quashes AOs order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Collect-TCS-on-Sale-of-Metal-Scrap-TCS-Sale-of-Metal-Scrap-Metal-Scrap-Limitation-Period-ITAT-AOs-order-ITAT-Quashes-AOs-order-taxscan.jpg)
![Profit from Bogus Purchases can be added to Taxable Income: ITAT [Read Order] Profit from Bogus Purchases can be added to Taxable Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Profit-from-Bogus-Purchases-Taxable-Income-ITAT-Bogus-Purchases-Profit-taxscan.jpg)
![No Disallowance u/s. 40(a)(ia) of Income Tax Act can be Made for Short Deduction of Tax: ITAT [Read Order] No Disallowance u/s. 40(a)(ia) of Income Tax Act can be Made for Short Deduction of Tax: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Disallowance-No-Disallowance-ITAT-short-deduction-section-40aia-of-Income-Tax-Act-taxscan.jpg)
![Revision Order u/s 263 of Income Tax Act Against a Deceased Person is Not Valid : ITAT [Read Order] Revision Order u/s 263 of Income Tax Act Against a Deceased Person is Not Valid : ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Revision-Order-Income-Tax-Act-Income-Tax-Deceased-Person-ITAT-taxscan.jpg)
![ITAT Upholds Levy of Penalty u/s 271(1)(c) of Income Tax Act on ground of Furnishing Inaccurate Particulars of Income [Read Order] ITAT Upholds Levy of Penalty u/s 271(1)(c) of Income Tax Act on ground of Furnishing Inaccurate Particulars of Income [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/penalty-levy-section-2711c-of-Income-Tax-Act-upheld-itat-taxscan.jpg)
![ITAT upholds Allowance of Deduction u/s 10AA of Income Tax Act on ground of Proper e-filing of Form 56F [Read Order] ITAT upholds Allowance of Deduction u/s 10AA of Income Tax Act on ground of Proper e-filing of Form 56F [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/deduction-claim-allow-filing-electronic-filing-form-56F-income-tax-upheld-ITAT-taxscan.jpg)
![ITAT Upholds Deletion of Addition made by CIT(A) on ground of Non Consideration of Previous Decision of Assessment [Read Order] ITAT Upholds Deletion of Addition made by CIT(A) on ground of Non Consideration of Previous Decision of Assessment [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/ITAT-Upholds-Deletion-of-Addition-made-by-CITA-on-ground-of-Non-Consideration-of-Previous-Decision-of-Assessment-TAXSCAN.jpg)
![Deduction u/s 80P of Income Tax Act shall not be allowed on Interest Income earned from Nationalized Banks: ITAT upholds CIT(A) Order [Read Order] Deduction u/s 80P of Income Tax Act shall not be allowed on Interest Income earned from Nationalized Banks: ITAT upholds CIT(A) Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Deduction-Income-Tax-Act-shall-not-be-allowed-on-Interest-Income-earned-from-Nationalized-Banks-ITAT-Upholds-CITA-order-TAXSCAN.jpg)