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![No Penalty when Income of Assessee is determined on an Estimate Basis: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/10/No-Penalty-TaxScan.jpg "No Penalty when Income of Assessee is determined on an Estimate Basis: ITAT [Read Order]")
No Penalty when Income of Assessee is determined on an Estimate Basis: ITAT [Read Order]
Rajkot Income Tax Appellate Tribunal (ITAT) declared that penalty under Section 271(1)(c) of the Income Tax Act 1961 cannot be levied when the...
![Sale of Land cannot be treated as Business Activity even though there is a Higher Volume of Sale Consideration: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/12/Sale-of-Land-Taxscan.jpg "Sale of Land cannot be treated as Business Activity even though there is a Higher Volume of Sale Consideration: ITAT [Read Order]")
![ITAT allows Bank’s Claim for Deduction towards Amortization of Security Premium under ‘HTM Category’ [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/07/Amortization-of-Security-Premium.jpg "ITAT allows Bank’s Claim for Deduction towards Amortization of Security Premium under ‘HTM Category’ [Read Order]")