![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]")
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...
![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) 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]](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]](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]")
TDS u/s 194C Not applicable on Purchase of Packing Materials for which VAT is Already Paid: ITAT [Read Order]
The Jaipur bench of the Income Tax Appellate Tribunal (ITAT) held that the tax deducted at source (TDS) under Section 194C of the Income Tax Act, 1961 is not applicable on the purchase of the packing...
![TDS u/s 194C Not applicable on Purchase of Packing Materials for which VAT is Already Paid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/TDS-Not-applicable-Purchase-Packing-Materials-VAT-Already-Paid-ITAT-TAXSCAN.jpg "TDS u/s 194C Not applicable on Purchase of Packing Materials for which VAT is Already Paid: ITAT [Read Order]")
Delayed Payment of TCS and GST is not "Penalty", Allowable as Deduction u/s 37 of Income Tax Act: ITAT [Read Order]
The Jaipur bench of the Income Tax Appellate Tribunal (ITAT) held that delayed payment of Tax collection at source (TCS) and Goods and Services Tax (GST) is not a penalty and shall be allowable as a...
![Delayed Payment of TCS and GST is not Penalty, Allowable as Deduction u/s 37 of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Delayed-Payment-TCS-GST-Penalty-Deduction-Income-Tax-Act-ITAT-taxscan.jpg "Delayed Payment of TCS and GST is not Penalty, Allowable as Deduction u/s 37 of Income Tax Act: ITAT [Read Order]")
Reopening of Assessment is Illegal since the Escaped Income forming 'Reason to Believe' is not Assessed: ITAT quashes Re-Assessment Order [Read Order]
The Jaipur Bench of Income Tax Appellate Tribunal (ITAT) held that if the income, the escapement of which was the basis of the formation of the reason to believe, is not assessed or reassessed, it...
![Reopening of Assessment is Illegal since the Escaped Income forming Reason to Believe is not Assessed: ITAT quashes Re-Assessment Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Reopening-Assessment-Illegal-Income-Believe-not-Assessed-ITAT-quashes-Re-Assessment-Order-taxscan.jpg "Reopening of Assessment is Illegal since the Escaped Income forming Reason to Believe is not Assessed: ITAT quashes Re-Assessment Order [Read Order]")
Assessee unable to Comply to the Notices of Higher Authorities as it was Sent at Incorrect Address: ITAT Deletes Penalty u/s 271(1)(b) of Income Tax Act [Read Order]
The Jaipur Bench of Income Tax Appellate Tribunal (ITAT) held the assessee was deprived off to contest the case before the lower authorities being not receipt of notices at the correct address...
![Assessee unable to Comply to the Notices of Higher Authorities as it was Sent at Incorrect Address: ITAT Deletes Penalty u/s 271(1)(b) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Assessee-unable-Comply-Notices-Higher-Authorities-Sent-Incorrect-Address-ITAT-Penalty-Income-Tax-Act-TAXSCAN.jpg "Assessee unable to Comply to the Notices of Higher Authorities as it was Sent at Incorrect Address: ITAT Deletes Penalty u/s 271(1)(b) of Income Tax Act [Read Order]")
ITAT directs AO to use judicious approach and call for confirmation U/S 133(6) on grounds of Information not being provided in prescribed format and duly signed by CA [Read Order]
The Jaipur bench of the Income Tax Appellate Tribunal (ITAT) held that Information not being provided in prescribed format and duly signed by CA gives AO authority to use judicious approach and call...
![ITAT directs AO to use judicious approach and call for confirmation U/S 133(6) on grounds of Information not being provided in prescribed format and duly signed by CA [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/ITAT-AO-ITAT-directs-AO-to-use-judicious-approach-and-call-for-confirmation-CA-taxscan.jpg "ITAT directs AO to use judicious approach and call for confirmation U/S 133(6) on grounds of Information not being provided in prescribed format and duly signed by CA [Read Order]")