![Order Passed u/s 147 r.w.s 143(3) under Reassessment Proceedings Initiated before Search and Seizure is Void Ab Initio: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Order-Reassessment-Proceedings-Reassessment-Proceedings-Initiated-before-Search-and-Seizure-is-Void-Ab-Initio-Search-and-Seizure-ITAT-Taxscan.jpg "Order Passed u/s 147 r.w.s 143(3) under Reassessment Proceedings Initiated before Search and Seizure is Void Ab Initio: ITAT [Read Order]")
Order Passed u/s 147 r.w.s 143(3) under Reassessment Proceedings Initiated before Search and Seizure is Void Ab Initio: ITAT [Read Order]
The Indore Bench of Income Tax Appellate Tribunal (ITAT) has held that the order passed under Section 147 read with Section 143(3) of the Income Tax...
![Reassessment Proceedings u/s 147 of IT Act completed without Proper Hearing : ITAT directs Re-adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Reassessment-proceedings-Reassessment-IT-Act-ITAT-directs-re-adjudication-taxscan.jpg "Reassessment Proceedings u/s 147 of IT Act completed without Proper Hearing : ITAT directs Re-adjudication [Read Order]")
![Physical Cash found during Survey is Residual Amount of Cash Withdrawn from Firm against Imprest Account for Expenses: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Physical-Cash-Survey-Cash-Withdrawn-from-Firm-Cash-Withdrawn-Imprest-Account-ITAT-deletes-Addition-ITAT-Physical-Cash-found-during-Survey-Taxscan-1.jpg "Physical Cash found during Survey is Residual Amount of Cash Withdrawn from Firm against Imprest Account for Expenses: ITAT deletes Addition [Read Order]")
![Provision of Section 269SS/269T of IT Act not applicable if AO found no Explanation Regarding Source of Cash Loans during Search Proceedings: ITAT deletes Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/IT-Act-not-applicable-IT-Act-Cash-Loans-Loan-source-of-Cash-Loans-during-search-proceedings-ITAT-deletes-penalty-ITAT-penalty-taxscan.jpg "Provision of Section 269SS/269T of IT Act not applicable if AO found no Explanation Regarding Source of Cash Loans during Search Proceedings: ITAT deletes Penalty [Read Order]")
Absence of Seller before AO not Ground to Allege Unexplained Investment: ITAT Deletes Addition u/s 69B of Income Tax Act [Read Order]
The Indore Bench of the Income Tax Appellate Tribunal (ITAT), deletes addition under Section 69B of the Income Tax Act and noted that the absence of seller before the Assessing Officer (AO) not a...
![Absence of Seller before AO not Ground to Allege Unexplained Investment: ITAT Deletes Addition u/s 69B of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Absence-of-Seller-before-AO-not-Ground-to-Allege-Unexplained-Investment-ITAT-Deletes-Addition-Income-Tax-Act-TAXSCAN.jpg "Absence of Seller before AO not Ground to Allege Unexplained Investment: ITAT Deletes Addition u/s 69B of Income Tax Act [Read Order]")
Relief to Idea, No TDS on Discount to Distributors on sale of SIM Card and Prepaid Recharge Vouchers: ITAT [Read Order]
The Indore Bench of Income Tax Appellate Tribunal (ITAT) has granted relief to Idea holding that no Tax Deducted at Source (TDS) would be applicable on discount given to distributors on the sale of...
![Relief to Idea, No TDS on Discount to Distributors on sale of SIM Card and Prepaid Recharge Vouchers: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Relief-to-Idea-Idea-TDS-Discount-to-Distributors-on-sale-of-SIM-Card-and-Prepaid-Recharge-Vouchers-Discount-to-Distributors-Discount-SIM-Card-Prepaid-Recharge-Vouchers-ITAT-.jpg "Relief to Idea, No TDS on Discount to Distributors on sale of SIM Card and Prepaid Recharge Vouchers: ITAT [Read Order]")
No TDS u/s 194H of IT Act applicable on amount paid to Distributors/Dealers for Sale of Pre-paid SIM card and Recharge Vouchers : ITAT deletes Penalty against Bharti Airtel
The Indore bench of Income Tax Appellate Tribunal (ITAT), while deleting penalty against Bharti Airtel held that no Tax Deduction at Source (TDS) is applicabe under Section 194H of the Income Tax...
Re-Assessment u/s 147 of Income Tax Act cannot be invoked to make Protective Addition: ITAT [Read Order]
The Indore Bench of the Income Tax Appellate Tribunal (ITAT), ruled that the Re-Assessment under Section 147 of Income Tax Act, 1961 cannot be invoked to make a Protective Addition. The Assessing...
![Re-Assessment u/s 147 of Income Tax Act cannot be invoked to make Protective Addition: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Re-Assessment-Income-Tax-Act-Income-Tax-Protective-Addition-ITAT-taxscan.jpg "Re-Assessment u/s 147 of Income Tax Act cannot be invoked to make Protective Addition: ITAT [Read Order]")
![Revision Order cannot be based on Mere Change of Opinion: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Revision-Order-Mere-Change-ITAT-Taxscan.jpg "Revision Order cannot be based on Mere Change of Opinion: ITAT [Read Order]")
![Bank Charges paid for Obtaining Loan is Revenue Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Bank-Charges-Loan-Revenue-Expenditure-ITAT-TAXSCAN.jpg "Bank Charges paid for Obtaining Loan is Revenue Expenditure: ITAT [Read Order]")
“Loan Given” in Cash Exceeding Prescribed Limit does not attract Penalty u/s 271D of Income Tax Act: ITAT [Read Order]
The Indore bench of Income Tax Appellate Tribunal ( ITAT ) recently held that in case of “loan given” Penalty under section 271D Income Tax Act 1961 would be invalid. The fact of the case is that...
![“Loan Given” in Cash Exceeding Prescribed Limit does not attract Penalty u/s 271D of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Loan-Cash-Exceeding-Penalty-Income-Tax-Act-Income-Tax-Tax-ITAT-Taxscan.jpg "“Loan Given” in Cash Exceeding Prescribed Limit does not attract Penalty u/s 271D of Income Tax Act: ITAT [Read Order]")