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ITAT Indore

ITAT Rules that the Addition of Unexplained Cash Credit u/s.68 is Invalid After Rejecting the Books of Accounts [Read Order]

Nandan GK

The Indore bench of the Income Tax Appellate Tribunal (ITAT) ruled that the taxation of unexplained cash credit is invalid after rejecting the books...

Source of Investment Sufficiently Explained: ITAT Deletes Rs. 70.13 Lakh Addition [Read Order]

Section 263 Proceedings cannot Address issues Beyond Limited Scrutiny Under CASS: ITAT set aside...

Non-cooperation with Income Tax Assessment Proceedings, Relevant Details and Records Not Produced:...

ITAT rules Assessee not Liable for Payee's Non-Response to AO Notice, Quashes Revision Order [Read...

ITAT Annual Digest [Part-34]

This yearly digest analyzes all the ITAT stories published in the year 2023 at taxscan.in No Addition on Unexplained Income received as Gift from Family Members: ITAT directs Re-Adjudication Shri...

Deduction on Actual cost allowable before imposition of Tax on entire amount received from Sale of land: ITAT directs fresh Adjudication [Read Order]

The Indore bench of the Income Tax Appellate Tribunal (ITAT) held that the deduction on actual cost is allowable before the imposition of tax on the entire amount received from the sale of land. A...

Notice issued by AO in aware of Non-existence of assessee-company on account of Amalgamation stands Invalid: ITAT [Read Order]

The Indore bench of the Income Tax Appellate Tribunal (ITAT) held that the notice issued by the Assessing Officer in aware of the non-existence of the assessee-company on the account of amalgamation...

No Penalty u/s 271D of Income Tax Act in the Absence of Assessment Proceedings: ITAT [Read Order]

The Indore bench of the Income Tax Appellate Tribunal (ITAT) has quashed a penalty imposed under section 271D of the Income Tax Act, 1961 for the absence of assessment proceedings as the assessee in...

Repetition of Addition by AO Without Verification and Non-Compliance to Order of Tribunal: ITAT deletes Addition [Read Order]

The Indore Bench of Income Tax Appellate Tribunal (ITAT), held that instead of conducting any verification in compliance of the direction of the Tribunal, the Assessing Officer has made straight away...

Mere Mistake in Form 35 does not result in Deficient Appeal: ITAT grants another Opportunity to rectify Mistake [Read Order]

The Indore bench of the Income Tax Appellate Tribunal (ITAT) held that the mere mistake in form 35 does not result in a deficient appeal hence allowed one more opportunity to the assessee to rectify...

Excess cash found during course of Survey shall not be taxed under head of Business Income attracts Higher Tax Rate u/s 115BBE of Income Tax Act: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT) Indore bench held that excess cash found during course of survey should not be taxed under head of business income .Therefore it would attract higher...