![Levy of 100% of Tax sought to be Evaded u/s 271AAA of Income Tax Act is Not “Typographical Error”: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Tax-Income-Tax-Act-Income-Tax-Typographical-Error-ITAT-taxscan-.jpg "Levy of 100% of Tax sought to be Evaded u/s 271AAA of Income Tax Act is Not “Typographical Error”: ITAT [Read Order]")
Levy of 100% of Tax sought to be Evaded u/s 271AAA of Income Tax Act is Not “Typographical Error”: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) recently held that levy of 100% of tax sought to be evaded under section 271AAA of Income Tax Act is not...
![Income Tax Return filed with Defect and Consequent Intimation u/s.143(1) is Invalid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Income-Tax-Return-Defect-Consequent-Intimation-Invalid-ITAT-TAXSCAN.jpg "Income Tax Return filed with Defect and Consequent Intimation u/s.143(1) is Invalid: ITAT [Read Order]")
![Prior approval of CCIT/DGIT for Scrutiny Assessment is Mandatory: Orissa HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/CCIT-DGIT-approval-of-DGIT-approval-of-CCIT-for-Scrutiny-Assessment-Orissa-HC-taxscan.jpg "Prior approval of CCIT/DGIT for Scrutiny Assessment is Mandatory: Orissa HC [Read Order]")
![Benefit not derived on Compulsory Afforestation done over Land not owned by Assessee: ITAT upholds deletion of Addition made on NPV [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/afforestation-land-assessee-ITAT-NPV-Taxscan.jpeg "Benefit not derived on Compulsory Afforestation done over Land not owned by Assessee: ITAT upholds deletion of Addition made on NPV [Read Order]")
![Multiple Flats in Different Floors cannot be treated as Single Residential House for computing Capital Gain Exemption: ITAT grants Partial Relief [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Flats-Residential-House-Capital-Gain-Exemption-ITAT-Taxscan.jpg "Multiple Flats in Different Floors cannot be treated as Single Residential House for computing Capital Gain Exemption: ITAT grants Partial Relief [Read Order]")
![No Estimation of Gross Profit without Rejection of Books of Account u/s 145(3): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Gross-Profit-Books-of-Account-ITAT-Taxscan.jpeg "No Estimation of Gross Profit without Rejection of Books of Account u/s 145(3): ITAT [Read Order]")
Primary Addition to Income by AO was deleted on Appeal, No Correction of Arithmetical mistake by invoking sec 263 Survive: ITAT [Read Order]
The Cuttack Bench of Income Tax Appellate Tribunal has held that primary addition to income by AO was deleted on appeal, no correction of arithmetical mistake by invoking sec 263 survive. The...
![Primary Addition to Income by AO was deleted on Appeal, No Correction of Arithmetical mistake by invoking sec 263 Survive: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Primary-Addition-Income-AO-Arithmetical-mistake-ITAT-Taxscan.jpeg "Primary Addition to Income by AO was deleted on Appeal, No Correction of Arithmetical mistake by invoking sec 263 Survive: ITAT [Read Order]")
![Order u/s 263 passed in Violation of Natural Justice principle can’t sustain: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/violation-natural-justice-principle-ITAT-taxscan.jpeg "Order u/s 263 passed in Violation of Natural Justice principle can’t sustain: ITAT [Read Order]")
30% Depreciation allowable to Motor Lorries used in Business of Transportation of Goods on Hire: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Cuttack bench has held that 30% depreciation is allowable to motor lorries in the business of transportation of goods on hire under the provisions of section...
![30% Depreciation allowable to Motor Lorries used in Business of Transportation of Goods on Hire: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Depreciation-Motor-Lorries-Business-Transportation-of-Goods-Hire-ITAT-Taxscan.jpeg "30% Depreciation allowable to Motor Lorries used in Business of Transportation of Goods on Hire: ITAT [Read Order]")
Income from Trust used Directly or Indirectly for benefit of any prohibited Person is not entitled to Exemption u/s 11: ITAT [Read Order]
The Cuttack bench of the Income Tax Appellate Tribunal ( ITAT ) held that income from the trust used directly or indirectly for the benefit of any prohibited person is not entitled to exemption u/s11...
![Income from Trust used Directly or Indirectly for benefit of any prohibited Person is not entitled to Exemption u/s 11: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Income-trust-benefit-prohibited-Person-Exemption-ITAT-Taxscan.jpeg "Income from Trust used Directly or Indirectly for benefit of any prohibited Person is not entitled to Exemption u/s 11: ITAT [Read Order]")
Donation received by Trust with a specific direction to use for Special Project eligible for S. 11 Exemption: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Cuttack bench has held that the amount of donation received by a Trust with a specific direction to use the same for a differentproject undertaken by them is...
![Donation received by Trust with a specific direction to use for Special Project eligible for S. 11 Exemption: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/10/Donation-Trust-Special-Project-Exemption-ITAT-Taxscan.jpeg "Donation received by Trust with a specific direction to use for Special Project eligible for S. 11 Exemption: ITAT [Read Order]")
![ITAT upholds Addition on the basis of Confession made at the Time of Survey [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/05/survey-ITAT-Taxscan.jpeg "ITAT upholds Addition on the basis of Confession made at the Time of Survey [Read Order]")