![Satisfaction Note not provided: ITAT rejects Assessment Order due to Oversight and Typographical Error u/s 143(3) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/ITAT-ITAT-Chennai-Income-Tax-Satisfaction-Note-TAXSCAN.jpg "Satisfaction Note not provided: ITAT rejects Assessment Order due to Oversight and Typographical Error u/s 143(3) of Income Tax Act [Read Order]")
Satisfaction Note not provided: ITAT rejects Assessment Order due to Oversight and Typographical Error u/s 143(3) of Income Tax Act [Read Order]
The Chennai bench Income Tax Appellate Tribunal ( ITAT ), rejected the assessment order under Section 143(3) of the Income Tax Act, 1961, due to...
![Delay in Filing form 10 A: ITAT Rejects Registration of Trust u/s 12A of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/Delay-in-Filing-form-10-A-ITAT-Registration-of-Trust-12A-of-Income-Tax-Act-taxascan.jpg "Delay in Filing form 10 A: ITAT Rejects Registration of Trust u/s 12A of Income Tax Act [Read Order]")
![Non filing of TDS u/s 234 E of Income Tax Act for 8 years: ITAT dismisses Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/Income-Tax-ITAT-ITAT-Chennai-Non-filing-of-TDS-filing-of-TDS-taxscan.jpg "Non filing of TDS u/s 234 E of Income Tax Act for 8 years: ITAT dismisses Appeal [Read Order]")
![Taxable Contract Income is higher than fixed price contract value u/S 97 of Income Tax Act: ITAT deletes Income Tax Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/ITAT-Income-Tax-Act-ITAT-deletes-Income-Tax-Addition-TAXSCAN.jpg "Taxable Contract Income is higher than fixed price contract value u/S 97 of Income Tax Act: ITAT deletes Income Tax Addition [Read Order]")
![Cost of Improvement not to be attributed to joint owners: ITAT upholds revision proceedings [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Cost-of-Improvement-attributed-joint-owners-ITAT-revision-proceedings-taxscan.jpg "Cost of Improvement not to be attributed to joint owners: ITAT upholds revision proceedings [Read Order]")
![Addition of unexplained Investment in stock valuation difference: ITAT deletes addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/itat-chennai-Investment-in-Stock-Stock-Valuation-Difference-ITAT-ruling-on-Stock-Valuation-Difference-Unexplained-Investment-in-Stock-Valuation-taxscan.jpg "Addition of unexplained Investment in stock valuation difference: ITAT deletes addition [Read Order]")
Failure to file Form no. 10CCB along with Return of Income: ITAT upholds disallowance of deduction u/s 80IC [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Chennai while upheld the disallowance of deduction claimed under Section 80IC of the Income Tax Act, 1961 held that the assessee failed to file Form...
![Failure to file Form no. 10CCB along with Return of Income: ITAT upholds disallowance of deduction u/s 80IC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/ITAT-ITAT-Chennai-ITAT-upholds-disallowance-of-Deduction-Income-tax-Return-of-income-Failure-to-file-Form-Disallowance-of-Deduction-TAXSCAN.jpeg "Failure to file Form no. 10CCB along with Return of Income: ITAT upholds disallowance of deduction u/s 80IC [Read Order]")
Section 56(2)(vii)(b)(ii) Income tax Act will not be apply when property purchased for Business use of Partnership firm: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chennai Bench held that Section 56(2)(vii)(b)(ii) Income Tax Act , 1961 would not be applied when property purchased for business use of partnership firm. ...
![Section 56(2)(vii)(b)(ii) Income tax Act will not be apply when property purchased for Business use of Partnership firm: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Income-tax-Act-property-Business-Partnership-firm-ITAT-Income-tax-Act-will-not-be-apply-when-property-taxscan-1.jpg "Section 56(2)(vii)(b)(ii) Income tax Act will not be apply when property purchased for Business use of Partnership firm: ITAT [Read Order]")
No addition based on outcome of Confirmatory Letters when assessee proved genuineness of business transactions: ITAT [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Chennai bench held that no addition should be made on the basis of outcome of confirmatory letters when assessee proved genuineness of business...
![No addition based on outcome of Confirmatory Letters when assessee proved genuineness of business transactions: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/No-addition-addition-Confirmatory-Letters-addition-based-on-outcome-of-Confirmatory-Letters-when-assessee-Business-Transactions-ITAT-taxscan.jpg "No addition based on outcome of Confirmatory Letters when assessee proved genuineness of business transactions: ITAT [Read Order]")
No Bonafide Cause for Delay of 1040 days in filing appeal: ITAT dismisses Income Tax Appeal [Read Order]
The Chennai bench of The Income Tax Appellate Tribunal (ITAT) dismissed the income tax appeal, citing no bonafide cause for the 1040-day delay in filing. The Counsel for the assesse T. Vasudevan,...
![No Bonafide Cause for Delay of 1040 days in filing appeal: ITAT dismisses Income Tax Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/itat-chennai-ITAT-dismissal-of-income-tax-appeal-income-tax-appeal-income-tax-Income-tax-appeal-dismissal-reasons-taxscan.jpg "No Bonafide Cause for Delay of 1040 days in filing appeal: ITAT dismisses Income Tax Appeal [Read Order]")
![ITAT Annual Digest [Part 69]](https://www.taxscan.in/wp-content/uploads/2024/01/itat-annual-digest-taxscan-taxnews-.jpg "ITAT Annual Digest [Part 69]")
![Assessment Order passed after thorough Scrutiny by AO: ITAT sets aside Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/ITAT-Chennai-Income-Tax-Appellate-Tribunal-Assessment-Order-ITAT-AO-Scrutiny-taxscan.jpg "Assessment Order passed after thorough Scrutiny by AO: ITAT sets aside Order [Read Order]")