![ITAT Annual Digest [Part - 40]](https://www.taxscan.in/wp-content/uploads/2024/01/ITAT-Annual-Digest-Part-40-TAXSCAN.jpg "ITAT Annual Digest [Part - 40]")
ITAT Annual Digest [Part - 40]
This yearly digest analyzes all the ITAT stories published in the year 2023 at taxscan.in Additional Income Tax on Dividend paid by Domestic...
![ITAT Annual Digest [Part 17]](https://www.taxscan.in/wp-content/uploads/2024/01/ITAT-cases-2023-Tax-tribunal-updates-Annual-tax-analysis-Income-tax-appeals-ITAT-decisions-2023-ITAT-ITAT-Case-taxscan.jpg "ITAT Annual Digest [Part 17]")
![TDS cant be Deducted when EDCs have been Exempted from Category of Contractor by Rajasthan State Government’s Order: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/TDS-Deducted-when-EDCs-Category-Contractor-Rajasthan-State-Governments-Order-ITAT-TAXSCAN-1.jpg "TDS cant be Deducted when EDCs have been Exempted from Category of Contractor by Rajasthan State Government’s Order: ITAT [Read Order]")
No need to get Accounts Audited when Gross Business Receipts is less than Rs.1.00 Crore as prescribed u/s 44AB: ITAT allows Appeal by Treating ITR as Valid [Read Order]
The Jaipur bench of the Income Tax Appellate Tribunal (ITAT) allowed the appeal of the assessee by treating the Income Tax return (ITR) as valid and held that there is no need to audit the accounts...
![No need to get Accounts Audited when Gross Business Receipts is less than Rs.1.00 Crore as prescribed u/s 44AB: ITAT allows Appeal by Treating ITR as Valid [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Accounts-Audited-Gross-Business-Receipts-Business-Receipts-ITAT-allows-Appeal-by-Treating-ITR-as-Valid-Income-Tax-Appellate-Tribunal-Income-Tax-return-TAXSCAN.jpg "No need to get Accounts Audited when Gross Business Receipts is less than Rs.1.00 Crore as prescribed u/s 44AB: ITAT allows Appeal by Treating ITR as Valid [Read Order]")
Dismissal of Registration u/s 12AB of Income Tax Act due to Absence of Assessee to Determine Genuineness of Activities carried out by the Charitable Trust: ITAT restores matter to CIT(E) for Re-Adjudication [Read Order]
The Jaipur Bench of Income Tax Appellate Tribunal (ITAT) held that the assessee was deprived of the justice to be decided the merits of the registration on account of the shortage of timeto appear...
![Dismissal of Registration u/s 12AB of Income Tax Act due to Absence of Assessee to Determine Genuineness of Activities carried out by the Charitable Trust: ITAT restores matter to CIT(E) for Re-Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Dismissal-of-registration-Income-Tax-Act-absence-of-assessee-to-determine-genuineness-charitable-trust-ITAT-restores-matter-to-CITE-ITAT-re-adjudication-taxscan-1.jpg "Dismissal of Registration u/s 12AB of Income Tax Act due to Absence of Assessee to Determine Genuineness of Activities carried out by the Charitable Trust: ITAT restores matter to CIT(E) for Re-Adjudication [Read Order]")
Penalty u/s 271(1)(b) can't be imposed if Assessee Proves that there was a Reasonable Cause for Non-Compliance of Notice: ITAT [Read Order]
The Jaipur bench of the Income Tax Appellate Tribunal (ITAT) held that the penalty under Section 271(1)(b) of the Income Tax Act, 1961 cannot be imposed if the assessee proves that there was a...
![Penalty u/s 271(1)(b) cant be imposed if Assessee Proves that there was a Reasonable Cause for Non-Compliance of Notice: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Penalty-Assessee-Proves-Reasonable-Cause-Non-Compliance-Notice-ITAT-taxscan.jpg "Penalty u/s 271(1)(b) cant be imposed if Assessee Proves that there was a Reasonable Cause for Non-Compliance of Notice: ITAT [Read Order]")
Purchase / sale of immovable property for Business Purpose does not attract S. 50C of Income Tax Act: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Jaipur bench, held that the purchase/sale of immovable property for business purposes did not attract Section 50C of the Income Tax Act, 1961. Therefore, the...
![Purchase / sale of immovable property for Business Purpose does not attract S. 50C of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Purchase-sale-immovable-property-Business-Purpose-Income-Tax-Act-ITAT-taxscan.jpg "Purchase / sale of immovable property for Business Purpose does not attract S. 50C of Income Tax Act: ITAT [Read Order]")
ITAT deletes Penalty u/s 271B of Income Tax Act as Turnover was below 2 Crores as Prescribed u/s 44AD [Read Order]
The Jaipur Bench of Income Tax Appellate Tribunal (ITAT) has deleted the penalty under Section 271B of the Income Tax Act 1961, as the turnover was below 2 crores as prescribed under Section 44AD of...
![ITAT deletes Penalty u/s 271B of Income Tax Act as Turnover was below 2 Crores as Prescribed u/s 44AD [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/ITAT-deletes-Penalty-Income-Tax-Act-as-Turnover-was-below-2-Crores-as-Prescribed-TAXSCAN.jpg "ITAT deletes Penalty u/s 271B of Income Tax Act as Turnover was below 2 Crores as Prescribed u/s 44AD [Read Order]")
Every loss of Revenue as a Consequence of Order of AO cannot be Treated as Prejudicial to Interests of Revenue: ITAT Quashes Revision order u/s 263 of Income Tax Act [Read Order]
The Jaipur Bench of Income Tax Appellate Tribunal (ITAT) has quashed the revision order under Section 263 of the Income Tax Act 1961, holding that every loss of revenue as a consequence of the order...
![Every loss of Revenue as a Consequence of Order of AO cannot be Treated as Prejudicial to Interests of Revenue: ITAT Quashes Revision order u/s 263 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Every-loss-of-Revenue-as-a-Consequence-of-Order-of-AO-Treated-as-Prejudicial-to-Interests-of-Revenue-ITAT-Quashes-Revision-order-TAXSCAN.jpg "Every loss of Revenue as a Consequence of Order of AO cannot be Treated as Prejudicial to Interests of Revenue: ITAT Quashes Revision order u/s 263 of Income Tax Act [Read Order]")
Assessment Order not to be held erroneous simply on allegation of Inadequate Enquiry, without establishing a total lack of Enquiry: ITAT quashes Revision Order [Read Order]
The Income Tax Appellate Tribunal (ITAT ) Jaipu bench held that assessment order could not be held to be erroneous simply an allegation of inadequate enquiry,unless there is an established case...
![Assessment Order not to be held erroneous simply on allegation of Inadequate Enquiry, without establishing a total lack of Enquiry: ITAT quashes Revision Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Assessment-Order-allegation-of-Inadequate-Enquiry-total-lack-of-Enquiry-ITAT-Revision-Order-taxscan.jpg "Assessment Order not to be held erroneous simply on allegation of Inadequate Enquiry, without establishing a total lack of Enquiry: ITAT quashes Revision Order [Read Order]")