![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]")
Interest on Income Tax Refund can’t be Deducted u/s 80IE: ITAT [Read Order]
The Jaipur bench of the Income Tax Appellate Tribunal ( ITAT ) has held that the deduction under Section 80IE of the Income Tax Act would not be...
![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]](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]](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]](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]")
Advance received from Customer is Taxable since Builder following Percentage Completion Method of Accounting: ITAT [Read Order]
While hearing the case of M/s Vascular Township Pvt. Ltd, Jaipur bench of the Income Tax Appellate Tribunal (ITAT) recently held that the advance received from the customer is subject to tax for the...
![Advance received from Customer is Taxable since Builder following Percentage Completion Method of Accounting: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/06/Builders-and-Developers.jpg "Advance received from Customer is Taxable since Builder following Percentage Completion Method of Accounting: ITAT [Read Order]")
Individual can’t be Assessed when Assessment is already carried out in the name of AOP: ITAT [Read Order]
In the recent case of Hanuman Singh vs Income Tax Officer, Jaipur bench of Income Tax Appellate Tribunal (ITAT) held that once the assessment in the hands of AOP has been made, then another assessment...
![Individual can’t be Assessed when Assessment is already carried out in the name of AOP: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/01/Assessing-Officer-ITAT-Taxscan.jpg "Individual can’t be Assessed when Assessment is already carried out in the name of AOP: ITAT [Read Order]")
Addition in respect of Capital Gain Income can’t be made when Assessee not sold Property and Just Signed as a Confirming Party: ITAT [Read Order]
The Jaipur bench of ITAT recently ruled that the addition in respect of Capital Gain Income can’t be made when Assessee not sold the property and just signed as a confirming party. The bench including...
![Addition in respect of Capital Gain Income can’t be made when Assessee not sold Property and Just Signed as a Confirming Party: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/07/Capital-Gain-Tax-Taxscan.jpg "Addition in respect of Capital Gain Income can’t be made when Assessee not sold Property and Just Signed as a Confirming Party: ITAT [Read Order]")
![CBDT Circular Restricting Amenities to Doctors is Prospective in nature: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/06/Secret-Commission-to-Doctors.jpg "CBDT Circular Restricting Amenities to Doctors is Prospective in nature: ITAT [Read Order]")
Purchase of New House in the name of Wife cannot disentitle Husband from Claiming Capital Gain Exemption: ITAT [Read Order]
The Jaipur bench of the ITAT recently ruled that the capital gain exemption under Section 54F of the Income Tax Act, 1961 cannot be denied to husband for the reason that the new house was purchased in...
![Purchase of New House in the name of Wife cannot disentitle Husband from Claiming Capital Gain Exemption: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/05/Deduction-Residential-Property.jpg "Purchase of New House in the name of Wife cannot disentitle Husband from Claiming Capital Gain Exemption: ITAT [Read Order]")
Commissioner cannot invoke his Revisionary Jurisdiction If the matter has been already heard by CIT (A): ITAT [Read Order]
The Income Tax Appellate Tribunal Jaipur bench in its recent order observed that the Commissioner cannot invoke his Revisionary Jurisdiction under Section 263 of the Income Tax Act, 1961 if the matter...
![Commissioner cannot invoke his Revisionary Jurisdiction If the matter has been already heard by CIT (A): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/ITAT-Ahmedabad.jpg "Commissioner cannot invoke his Revisionary Jurisdiction If the matter has been already heard by CIT (A): ITAT [Read Order]")