![Disallowance of Expenditure is not Mistake Apparent on Record, Outside Purview of Section 154 of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Disallowance-of-Expenditure-Mistake-Apparent-on-Record-Outside-Purview-Income-Tax-Act-ITAT-TAXSCAN.jpg "Disallowance of Expenditure is not Mistake Apparent on Record, Outside Purview of Section 154 of Income Tax Act: ITAT [Read Order]")
Disallowance of Expenditure is not Mistake Apparent on Record, Outside Purview of Section 154 of Income Tax Act: ITAT [Read Order]
The Jaipur Bench of Income Tax Appellate Tribunal (ITAT), held that the expenditure in relation to increase in authorized share capital is of capital...
![ITAT dismisses Assessment Order passed u/s 153 of Income Tax Act without recording proper satisfaction [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/ITAT-Assessment-passed-Income-Tax-Act-recording-satisfaction-TAXSCAN.jpg "ITAT dismisses Assessment Order passed u/s 153 of Income Tax Act without recording proper satisfaction [Read Order]")
![Purchase and sale of shares are Not Bogus: ITAT deletes Penalty u/s 271(1)(c) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Purchase-and-sale-of-shares-ITAT-deletes-Penalty-Income-Tax-Act-sale-of-shares-Purchase-of-Shares-Penalty-taxscan.jpg "Purchase and sale of shares are Not Bogus: ITAT deletes Penalty u/s 271(1)(c) of Income Tax Act [Read Order]")
![4 Months 15 days shall be Taken as 5 Months for Interest Calculation of Late Deposit of TDS: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Interest-Calculation-of-Late-Deposit-of-TDS-TDS-Interest-Calculation-Interest-Late-Deposit-ITAT-Taxscan.jpg "4 Months 15 days shall be Taken as 5 Months for Interest Calculation of Late Deposit of TDS: ITAT [Read Order]")
![Failure to file ITR bonafidely and witness no Loss to Revenue as Proper Tax was already Paid: ITAT deletes Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Failure-file-ITR-Loss-Revenue-Proper-Tax-already-Paid-ITAT-Penalty-taxscan-.jpg "Failure to file ITR bonafidely and witness no Loss to Revenue as Proper Tax was already Paid: ITAT deletes Penalty [Read Order]")
Contract/Professional Receipts Reflected in Form 26AS Rightly Offered under Presumptive Tax: ITAT deletes Addition [Read Order]
The Jaipur bench of the Income Tax Appellate Tribunal (ITAT) held that the Contact/ Professional Receipts reflected in the Form 26AS shall be Taxed at 8% under Section 44AD of Income Tax Act, 1961. ...
![Contract/Professional Receipts Reflected in Form 26AS Rightly Offered under Presumptive Tax: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Contract-Professional-Receipts-Reflected-Form-Rightly-Offered-Presumptive-Tax-ITAT-taxscan.jpg "Contract/Professional Receipts Reflected in Form 26AS Rightly Offered under Presumptive Tax: ITAT deletes Addition [Read Order]")
Disclosure Made in Income Tax Return Form, Says Conversion of Closing Stock into Investment Not Taxable: ITAT [Read Order]
The Jaipur Bench of the Income Tax Appellate Tribunal (ITAT) has upheld the disclosure made by a real estate developer in its Income Tax Return Form, stating that the conversion of closing stock of...
![Disclosure Made in Income Tax Return Form, Says Conversion of Closing Stock into Investment Not Taxable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Disclosure-Made-in-Income-Tax-Return-Form-Conversion-of-Closing-Stock-Investment-Taxable-ITAT-TAXSCAN.jpg "Disclosure Made in Income Tax Return Form, Says Conversion of Closing Stock into Investment Not Taxable: ITAT [Read Order]")
Income from Letting Out properties along with other Amenities are chargeable to Tax under head ‘’Income from Business” : ITAT deletes revision order
The Income Tax Appellate Tribunal (ITAT) Jaipur Bench held that Income from letting out properties along with other amenities are chargeable to tax under the head of Income from business ....
Income surrendered during Search and Seizure cannot be treated as 'Undisclosed': ITAT deletes Penalty u/s 271AAB of Income Tax Act [Read Order]
The Jaipur bench of the Income Tax Appellate Tribunal (ITAT) held that income surrendered during search and seizure cannot be treated as an undisclosed, deleted penalty under Section 271AAB of the...
![Income surrendered during Search and Seizure cannot be treated as Undisclosed: ITAT deletes Penalty u/s 271AAB of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Income-surrendered-during-Search-and-seizure-cannot-be-treated-as-Undisclosed-ITAT-deletes-Penalty-Income-Tax-Act-TAXSCAN.jpg "Income surrendered during Search and Seizure cannot be treated as Undisclosed: ITAT deletes Penalty u/s 271AAB of Income Tax Act [Read Order]")
ITAT dismiss Ex Parte order passed without consider Savings of housewife Deposit in Joint Account [Read Order]
The Jaipur Bench of the Income Tax Appellate Tribunal (ITAT) recently dismissed an ex parte order passed without considering the savings of the housewife deposited in a joint account. The...
![ITAT dismiss Ex Parte order passed without consider Savings of housewife Deposit in Joint Account [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/ITAT-dismiss-Ex-Parte-order-passed-without-consider-Savings-of-housewife-Deposit-in-Joint-Account-TAXSCAN.jpg "ITAT dismiss Ex Parte order passed without consider Savings of housewife Deposit in Joint Account [Read Order]")
Capital Gain Tax shall not be chargeable to Immovable Property Gifted to daughter -in -law by wrongly Executed Sale Deed instead of Gift Deed: ITAT [Read Order]
The Jaipur Bench of the Income Tax Appellate Tribunal (ITAT) has held that capital gain tax should not be chargeable to immovable property gifted to daughter -in -law by wrongly executed sale deed...
![Capital Gain Tax shall not be chargeable to Immovable Property Gifted to daughter -in -law by wrongly Executed Sale Deed instead of Gift Deed: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Capital-Gain-Tax-chargeable-Immovable-Property-Gifted-daughter-in-law-wrongly-Executed-Sale-Deed-Gift-Deed-ITAT-TAXSCAN.jpg "Capital Gain Tax shall not be chargeable to Immovable Property Gifted to daughter -in -law by wrongly Executed Sale Deed instead of Gift Deed: ITAT [Read Order]")
No addition can be made on Interest Received from Arbitration Award for Settle Dispute with respect to Contact of Payment: ITAT [Read Order]
The Jaipur Bench of the Income Tax Appellate Tribunal (ITAT) has ruled that no addition could be made on interest received from an arbitration award for settlement dispute with respect to contract of...
![No addition can be made on Interest Received from Arbitration Award for Settle Dispute with respect to Contact of Payment: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/addition-Interest-Arbitration-Award-Dispute-Contact-Payment-ITAT-taxscan.jpg "No addition can be made on Interest Received from Arbitration Award for Settle Dispute with respect to Contact of Payment: ITAT [Read Order]")