![Ex parte Order passed u/s 250 of the Income Tax Act without Providing Reasonable Opportunity: ITAT directs Readjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Ex-parte-Order-passed-the-Income-Tax-Act-without-Providing-Reasonable-Opportunity-ITAT-directs-Readjudication-TAXSCAN-1.jpg "Ex parte Order passed u/s 250 of the Income Tax Act without Providing Reasonable Opportunity: ITAT directs Readjudication [Read Order]")
Ex parte Order passed u/s 250 of the Income Tax Act without Providing Reasonable Opportunity: ITAT directs Readjudication [Read Order]
In a significant case, the Amritsar bench of the Income Tax Appellate Tribunal (ITAT) ex parte order passed under section 250 of the Income Tax Act,...
![Reasonable Opportunity of Hearing shall be extended to assessee in Rectification Proceedings before making Addition u/s 40A (7) of Income Tax Act: ITAT directs readjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Reasonable-Opportunity-of-Hearing-Opportunity-Rectification-Proceedings-income-tax-income-tax-act-taxscan.jpeg "Reasonable Opportunity of Hearing shall be extended to assessee in Rectification Proceedings before making Addition u/s 40A (7) of Income Tax Act: ITAT directs readjudication [Read Order]")
![Assessment Proceedings Framed by Quoting Wrong Section on Jurisdiction : ITAT Declares Assessment order as Void ab-intio [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Assessment-Proceedings-Framed-by-Quoting-Wrong-Section-Jurisdiction-ITAT-Declares-Assessment-Void-ab-intio-TAXSCAN.jpg "Assessment Proceedings Framed by Quoting Wrong Section on Jurisdiction : ITAT Declares Assessment order as Void ab-intio [Read Order]")
![Appeal Not Maintainable on Non-Payment of Admitted Tax during Filing of Return u/s 249(4) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Appeal-Not-Maintainable-Non-Payment-Admitted-Tax-during-Filing-of-Return-Income-Tax-Act-ITAT-TAXSCAN.jpg "Appeal Not Maintainable on Non-Payment of Admitted Tax during Filing of Return u/s 249(4) of Income Tax Act: ITAT [Read Order]")
![Assessee should get Reasonable Opportunity before Making Addition u/s 40A (7) before Processing Rectification Application: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Assessee-get-Reasonable-Opportunity-before-Making-Addition-Processing-Rectification-Application-ITAT-TAXSCAN.jpg "Assessee should get Reasonable Opportunity before Making Addition u/s 40A (7) before Processing Rectification Application: ITAT [Read Order]")
ITAT upholds Assessment passed u/s 153A/144 of Income Tax Act based on Special Audit conduct u/s 142(2A) [Read Order]
The Amritsar bench of Income Tax Appellate Tribunal (ITAT) has recently upheld that assessment passed under section 153A /144 of Income Tax Act based on special audit conduct under Section 142(2A)...
![ITAT upholds Assessment passed u/s 153A/144 of Income Tax Act based on Special Audit conduct u/s 142(2A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/ITAT-ITAT-upholds-Assessment-Assessment-Income-Tax-Act-Income-Tax-Special-Audit-conduct-Special-Audit-Income-Tax-Act-based-on-Special-Audit-conduct-taxscan.jpg "ITAT upholds Assessment passed u/s 153A/144 of Income Tax Act based on Special Audit conduct u/s 142(2A) [Read Order]")
“High Sea Sale” of Imported Goods are not considered as speculative transaction u/s 43(5) of Income Tax Act: ITAT Upholds Interest Income as Business Income
The Amritsar bench of the Income Tax Appellate Tribunal (ITAT) has recently held that high sea sales of imported goods are not considered as speculative transactions under Section 43(5) of the Income...
Registration u/s 12A(1)(ac)(iii) of Income Tax Act shall not be denied if Remuneration paid to trust's full time workers is not contravening Section 13(1)(c) : ITAT [Read Order]
The Amritsar bench of Income Tax Appellate Tribunal (ITAT) has recently held that registration under Section 12A(1)(ac)(iii) Income Tax Act, 1961 should not be denied if remuneration paid to...
![Registration u/s 12A(1)(ac)(iii) of Income Tax Act shall not be denied if Remuneration paid to trusts full time workers is not contravening Section 13(1)(c) : ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Registration-Income-Tax-Act-Remuneration-paid-to-trusts-full-time-workers-trusts-full-time-workers-taxscan.jpg "Registration u/s 12A(1)(ac)(iii) of Income Tax Act shall not be denied if Remuneration paid to trusts full time workers is not contravening Section 13(1)(c) : ITAT [Read Order]")
Late Filing of Audit Report due to Sufficient Cause u/s 273B of IT Act: ITAT deletes Penalty [Read Order]
The Amritsar bench of the Income Tax Appellate Tribunal (ITAT) deleted the penalty imposed on late filing of audit reports. Tarlok Singh, the appellant assessee appealed against the order passed...
![Late Filing of Audit Report due to Sufficient Cause u/s 273B of IT Act: ITAT deletes Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Late-Filing-of-Audit-Report-Sufficient-Cause-Late-Filing-Audit-Report-Audit-Report-due-to-Sufficient-Cause-taxscan.jpg "Late Filing of Audit Report due to Sufficient Cause u/s 273B of IT Act: ITAT deletes Penalty [Read Order]")
ITAT deletes Penalty u/s 271(1)(b) and 272A(1)(b) for Improper Procedure in Issuance of Income Tax Notice [Read Order]
The Amritsar Bench of the Income Tax Appellate Tribunal (ITAT) recently deleted the penalty under Sections 271(1)(b) and 272A(1)(b) of the Income Tax Act due to improper procedure in issuance of...
![ITAT deletes Penalty u/s 271(1)(b) and 272A(1)(b) for Improper Procedure in Issuance of Income Tax Notice [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/ITAT-deletes-Penalty-ITAT-Penalty-Improper-Procedure-Issuance-of-Income-Tax-Notice-Income-Tax-Notice-Income-Tax-Notice-Tax-Notice-taxscan-1.jpg "ITAT deletes Penalty u/s 271(1)(b) and 272A(1)(b) for Improper Procedure in Issuance of Income Tax Notice [Read Order]")
Assessee cannot be Non-Filer or Undeclared of Tax in Return on Wrong Allotment of PANs: ITAT Directs Re-Adjudication [Read Order]
The Amritsar Bench Income Tax Appellate Tribunal (ITAT) has directed re-adjudication as the assessee could not be treated as non-filter or undisclosed of tax in return on wrong allotment. The...
![Assessee cannot be Non-Filer or Undeclared of Tax in Return on Wrong Allotment of PANs: ITAT Directs Re-Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Non-Filer-or-Undeclared-of-Tax-in-Return-on-Wrong-Allotment-of-PANs-ITAT-Directs-Re-Adjudication-TAXSCAN.jpg "Assessee cannot be Non-Filer or Undeclared of Tax in Return on Wrong Allotment of PANs: ITAT Directs Re-Adjudication [Read Order]")
No Cogent and Satisfactory Explanation u/s 5 of Limitation Act: ITAT Refuses to Condone Delay of 781 Days [Read Order]
The Amritsar Bench of Income Tax Appellate Tribunal (ITAT) has refused to condone a delay of 781 days holding that cogent and satisfactory explanation were not furnished by the assessee as per...
![No Cogent and Satisfactory Explanation u/s 5 of Limitation Act: ITAT Refuses to Condone Delay of 781 Days [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Cogent-and-Satisfactory-Explanation-Limitation-Act-ITAT-ITAT-Refuses-to-Condone-Delay-of-781-Days-Condone-Delay-taxscan.jpg "No Cogent and Satisfactory Explanation u/s 5 of Limitation Act: ITAT Refuses to Condone Delay of 781 Days [Read Order]")