![Income being a Share in AOP or BOIs excludable while Computing Book Profit u/s 115JB: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/06/Book-Profit-Taxscan.jpg "Income being a Share in AOP or BOIs excludable while Computing Book Profit u/s 115JB: ITAT [Read Order]")
Income being a Share in AOP or BOIs excludable while Computing Book Profit u/s 115JB: ITAT [Read Order]
The Jaipur bench of Income Tax Appellate Tribunal ( ITAT ) in Assistant Commissioner of Income Tax versus M/s Om Metal Infraproject Ltd, held that...
![ITAT condones Delay of 387 Days in filing Appeal since Assessee was fighting with Chartered Accountant who filed False Returns [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/09/Chartered-Accountant-ITAT-Taxscan.jpg "ITAT condones Delay of 387 Days in filing Appeal since Assessee was fighting with Chartered Accountant who filed False Returns [Read Order]")
![ITAT confirms Addition Since Gift received from NRI Relative through Debtor couldn’t be Proved [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/02/Gift-Tax-Taxscan-1.jpg "ITAT confirms Addition Since Gift received from NRI Relative through Debtor couldn’t be Proved [Read Order]")
![Depreciation Claim on JCB can’t be disallowed merely on Ground of Delay in Registration: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/09/Depreciation-JCB-Taxscan.jpg "Depreciation Claim on JCB can’t be disallowed merely on Ground of Delay in Registration: ITAT [Read Order]")
![Transaction can’t be treated as Bogus merely based on report of Investigation Wing: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/10/Cash-Transaction-Taxscan.jpg "Transaction can’t be treated as Bogus merely based on report of Investigation Wing: ITAT [Read Order]")
Notice under Section 148 after 4 years from the end of AY without obtaining a sanction Bad in Law: ITAT [Read Order]
The Jaipur Bench of the Income Tax Appellate Tribunal ( ITAT ) in the case of Smt. Sonu Khandelwal v. Income Tax Officer held that notice under Section 148 of the Income Tax Act after 4 years from the...
![Notice under Section 148 after 4 years from the end of AY without obtaining a sanction Bad in Law: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/03/ITAT-Taxscan.jpg "Notice under Section 148 after 4 years from the end of AY without obtaining a sanction Bad in Law: ITAT [Read Order]")
![Interest on Income Tax Refund can’t be Deducted u/s 80IE: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/08/Tax-Refund-Taxscan.jpg "Interest on Income Tax Refund can’t be Deducted u/s 80IE: ITAT [Read Order]")
Income surrendered during search can set off against Business Loss for Other Years as S. 115BBE Amendment effective from AY 2017-18: ITAT [Read Order]
In M/s. Pitamber Commodity Futures Private Limited vs. ACIT, the Income Tax Appellate Tribunal (ITAT), Jaipur bench held that Income surrendered during search can be set off against business loss for...
![Income surrendered during search can set off against Business Loss for Other Years as S. 115BBE Amendment effective from AY 2017-18: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/02/Voluntary-Surrender-Taxscan.jpg "Income surrendered during search can set off against Business Loss for Other Years as S. 115BBE Amendment effective from AY 2017-18: ITAT [Read Order]")
Dealer not liable to deduct TDS on Commission directly paid by Mobile Operator to Retailers: ITAT [Read Order]
The Jaipur Bench of Income Tax Appellate Tribunal ( ITAT )Â in the case of Shri Virendra kumar Jain v. Â ITO held that the dealer in SIM cards, who was paid a commission directly by the mobile operator...
![Dealer not liable to deduct TDS on Commission directly paid by Mobile Operator to Retailers: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/03/TDS-Taxscan.jpg "Dealer not liable to deduct TDS on Commission directly paid by Mobile Operator to Retailers: ITAT [Read Order]")
Penalty under Section 271B can’t be levied for Failure to get Accounts Audited under Section 44AB: ITAT [Read Order]
In Roshini Devi vs. Income Tax Officer, the Jaipur Bench of the Income Tax Appellate Tribunal ( ITAT ) held that penalty under Section 271B of the Income Tax Act, 1961 cannot be levied for non-audit...
![Penalty under Section 271B can’t be levied for Failure to get Accounts Audited under Section 44AB: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/12/No-Penalty-Taxscan.jpg "Penalty under Section 271B can’t be levied for Failure to get Accounts Audited under Section 44AB: ITAT [Read Order]")
Receipt from Sale of Agricultural Land after developing into Plots is Business Income: ITAT [Read Order]
The Jaipur bench of the Income Tax Appellate Tribunal, on Thursday held that the sale of agricultural land after developing the same into different plots is subject to tax as ‘Business Income’ under...
![Receipt from Sale of Agricultural Land after developing into Plots is Business Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/02/Agricultural-Land.jpg "Receipt from Sale of Agricultural Land after developing into Plots is Business Income: ITAT [Read Order]")
Provisions of Deemed Dividend applicable only to extent of ‘Accumulated Profits’ and not to Capital Subsidy/Grant: ITAT [Read Order]
In Vinod Kumar Mittal v. Income Tax Officer (ITO), the Jaipur bench of the Income Tax Appellate Tribunal (ITA) recently held that the provisions of deemed dividend under section 2(22)(e) of the Income...
![Provisions of Deemed Dividend applicable only to extent of ‘Accumulated Profits’ and not to Capital Subsidy/Grant: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/08/Deemed-Dividends-Taxscan.jpg "Provisions of Deemed Dividend applicable only to extent of ‘Accumulated Profits’ and not to Capital Subsidy/Grant: ITAT [Read Order]")