![“Reasons are life blood for any judicial/quasi-judicial order”: ITAT orders fresh adjudication on disallowance of 30% of ESOP cost [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Reasons-are-life-blood-for-any-judicialquasi-judicial-order-ITAT-ESOP-cost-TAXSCAN-1.jpg "“Reasons are life blood for any judicial/quasi-judicial order”: ITAT orders fresh adjudication on disallowance of 30% of ESOP cost [Read Order]")
“Reasons are life blood for any judicial/quasi-judicial order”: ITAT orders fresh adjudication on disallowance of 30% of ESOP cost [Read Order]
The Income Tax Appellate Tribunal (ITAT), Hyderabad Bench ordered fresh adjudication in the matter of disallowance of 30% of Employee Stock Ownership...
![No addition can be made u/s 69A of Income Tax Act on cash received on sale of Ancestral Agricultural Land: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Income-Tax-Act-cash-received-sale-of-Ancestral-Agricultural-Land-sale-Ancestral-Agricultural-Land-Income-Tax-ITAT-taxscan.jpg "No addition can be made u/s 69A of Income Tax Act on cash received on sale of Ancestral Agricultural Land: ITAT [Read Order]")
![Payment to Contract Teachers does not amount to ‘Fee for Professional Services’, TDS u/s 194J Not Applicable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Payment-Contract-Teachers-Fee-Professional-Services-TDS-Payment-to-Contract-Teachers-Fee-for-Professional-Services-ITAT-taxscan.jpg "Payment to Contract Teachers does not amount to ‘Fee for Professional Services’, TDS u/s 194J Not Applicable: ITAT [Read Order]")
Foreign Exchange Fluctuation loss incurred in Business of Healthcare Cannot be allowed as Revenue Expenditure: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Hyderabad bench in an appeal filed before it, held that foreign exchange fluctuation loss incurred in the business health care could not be allowed as...
![Foreign Exchange Fluctuation loss incurred in Business of Healthcare Cannot be allowed as Revenue Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Foreign-Exchange-Fluctuation-loss-Business-of-Healthcare-Revenue-Expenditure-ITAT-TAXSCAN1.jpg "Foreign Exchange Fluctuation loss incurred in Business of Healthcare Cannot be allowed as Revenue Expenditure: ITAT [Read Order]")
Interest Income from Loan Extended Against Mortgage of Properties would not Constitute Rental Income: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Hyderabad Bench, has recently, in an appeal filed before it, held that interest income from loan extended against mortgage of properties would not constitute...
![Interest Income from Loan Extended Against Mortgage of Properties would not Constitute Rental Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Interest-Income-Interest-Income-Loan-Extended-Mortgage-of-Properties-Properties-Constitute-Rental-Income-Rental-Income-ITAT-Income-Tax-taxscan.jpg "Interest Income from Loan Extended Against Mortgage of Properties would not Constitute Rental Income: ITAT [Read Order]")
Deduction u/s 54F not Allowable if Assessee has More Than a Residential House at the Time of Claiming the Deduction: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Hyderabad Bench, has recently, in an appeal filed before it, held that deduction u/s 54F is not allowable, if assessee has more than a residential house at...
![Deduction u/s 54F not Allowable if Assessee has More Than a Residential House at the Time of Claiming the Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Deduction-Residential-House-taxscan.jpeg "Deduction u/s 54F not Allowable if Assessee has More Than a Residential House at the Time of Claiming the Deduction: ITAT [Read Order]")
Failure of CIT(A) To Provide Document Verification Opportunity to AO, violates Provisions of Rule 46A (3) of the IT Rules: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Hyderabad Bench, has recently, in an appeal filed before it, held that the failure of the CIT(A) to provide document verification opportunity to the AO,...
![Failure of CIT(A) To Provide Document Verification Opportunity to AO, violates Provisions of Rule 46A (3) of the IT Rules: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Document-Verification-Opportunity-Verification-IT-Rules-ITAT-Taxscan.jpg "Failure of CIT(A) To Provide Document Verification Opportunity to AO, violates Provisions of Rule 46A (3) of the IT Rules: ITAT [Read Order]")
No Penalty shall be Levied u/S 271B if there is Reasonable Cause for Not Getting the Account Audited: ITAT [Read Order]
The Hyderabad bench of the Income Tax Appellate Tribunal (ITAT) has recently held that no penalty should be levied under Section 271B of the Income Tax Act, 1961 if there is reasonable cause for not...
![No Penalty shall be Levied u/S 271B if there is Reasonable Cause for Not Getting the Account Audited: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Penalty-Reasonable-Cause-Account-ITAT-Taxscan.jpg "No Penalty shall be Levied u/S 271B if there is Reasonable Cause for Not Getting the Account Audited: ITAT [Read Order]")
Levy of Penalty of 100% of the Tax Sought to be evaded will Meet the Ends of Justice: ITAT sets aside order [Read Order]
Income Tax Appellate Tribunal (ITAT) of Hyderabad bench held that Levy of penalty of 100% of the tax sought to be evaded would meet the ends of justice and set aside the order passed by assessing...
![Levy of Penalty of 100% of the Tax Sought to be evaded will Meet the Ends of Justice: ITAT sets aside order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Levy-of-Penalty-Tax-Sought-Income-Tax-Penalty-ITAT-taxscan.jpg "Levy of Penalty of 100% of the Tax Sought to be evaded will Meet the Ends of Justice: ITAT sets aside order [Read Order]")
Assesse cannot Claim Cost of Improvement and Indexation Cost unless provides Evidence to Prove Construction: ITAT [Read Order]
The Hyderabad bench of the Income Tax Appellate Tribunal (ITAT) has recently held that assessees could not claim cost of improvement and indexation cost unless they provide evidence to prove...
![Assesse cannot Claim Cost of Improvement and Indexation Cost unless provides Evidence to Prove Construction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Assesse-Improvement-Indexation-Cost-Evidence-Prove-Construction-Construction-ITAT-Income-Tax-taxscan.jpg "Assesse cannot Claim Cost of Improvement and Indexation Cost unless provides Evidence to Prove Construction: ITAT [Read Order]")