![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]")
Revision Order cannot be based on Mere Change of Opinion: ITAT [Read Order]
The Indore Bench of Income Tax Appellate Tribunal ( ITAT ) held that the revision order cannot be based on a mere change of opinion. Smt. Anupama...
![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]](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]")
![Issuance of Notice u/S 143(2) Should be Within Statutorily Prescribed Time Limit: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Notice-Time-Limit-ITAT-taxscan.jpg "Issuance of Notice u/S 143(2) Should be Within Statutorily Prescribed Time Limit: ITAT [Read Order]")
![TDS on Net Salary is Permissible under Income Tax Act: ITAT deletes Income Tax Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/TDS-Net-Salary-Income-Tax-Act-ITAT-Addition-taxscan.jpg "TDS on Net Salary is Permissible under Income Tax Act: ITAT deletes Income Tax Addition [Read Order]")
![Sale Deed was Completed by Proper Registration: ITAT confirms Income Tax Addition on LTCG [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Sale-Deed-Registration-ITAT-Income-Tax-Addition-LTCG-taxscan.jpg "Sale Deed was Completed by Proper Registration: ITAT confirms Income Tax Addition on LTCG [Read Order]")
Passing Assessment Order by not following Order of ITAT is patently illegal and against Judicial propriety: ITAT [Read Order]
Passing an assessment order by not following order of ITAT is patently illegal and against judicial propriety, as ruled by the Income Tax Appellate Tribunal (ITAT), Indore Bench. The appellant was...
![Passing Assessment Order by not following Order of ITAT is patently illegal and against Judicial propriety: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/assessment-order-order-of-ITAT-judicial-propriety-ITAT-taxscan.jpg "Passing Assessment Order by not following Order of ITAT is patently illegal and against Judicial propriety: ITAT [Read Order]")
Statement Recorded under Sec 133A by Themselves have no Evidentiary Value: ITAT Upholds Deletion of Additional Income [Read Order]
The Indore Bench of The Income Tax Appellate Tribunal ( ITAT ) has held that statement recorded under section 133A of the Income Tax Act by themselves have no evidentiary value and upheld the...
![Statement Recorded under Sec 133A by Themselves have no Evidentiary Value: ITAT Upholds Deletion of Additional Income [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Statement-Statement-Recorded-Sec-133A-Evidentiary-Value-ITAT-Additional-Income-Income-Taxscan.jpg "Statement Recorded under Sec 133A by Themselves have no Evidentiary Value: ITAT Upholds Deletion of Additional Income [Read Order]")
Stamp Vendor eligible for Deduction of Commission Expenses at 75% due to Absence of Documents: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Indore bench has held that the stamp vendors are eligible for a deduction of commission expenses at 75% from their business income under the provisions of...
![Stamp Vendor eligible for Deduction of Commission Expenses at 75% due to Absence of Documents: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/09/Stamp-Vendor-Deduction-of-Commission-Expenses-ITAT-Taxscan.jpg "Stamp Vendor eligible for Deduction of Commission Expenses at 75% due to Absence of Documents: ITAT [Read Order]")
Denial of Opportunity of Cross-examination of Parties allegedly received ‘on-money’ from Sale of Land amounts to Violation of Natural Justice Principles: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Indore bench has held that the denial of opportunity to the assessee to conduct cross-examination of the parties who have stated to have received ‘on money...
![Denial of Opportunity of Cross-examination of Parties allegedly received ‘on-money’ from Sale of Land amounts to Violation of Natural Justice Principles: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/09/sale-of-land-Natural-Justice-Principles-ITAT-Taxscan.jpeg "Denial of Opportunity of Cross-examination of Parties allegedly received ‘on-money’ from Sale of Land amounts to Violation of Natural Justice Principles: ITAT [Read Order]")
Refund of Advances made in preceding years can't be Deemed as Credit to attract Unexplained Cash Credit: ITAT [Read Order]
The Indore Bench of the Income Tax Appellate Tribunal (ITAT) held that the refund of amounts given as advance in the previous year is not credit and hence addition under Sec.68 of Income Tax Act with...
![Refund of Advances made in preceding years cant be Deemed as Credit to attract Unexplained Cash Credit: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/Refund-preceding-years-deemed-as-credit-S.68-IT-Act-ITAT-Taxscan.jpg "Refund of Advances made in preceding years cant be Deemed as Credit to attract Unexplained Cash Credit: ITAT [Read Order]")
Section 56(2)(viib) of the Income Tax Act does not apply to consideration received from Non Residents on account of issuance of Shares: ITAT
The Indore Bench of the Income Tax Appellate Tribunal ( ITAT ) held that Section 56(2)(viib) of the Income Tax Act does not apply to consideration received from Non Residents on account of issuance...
