![ITAT Directs to Delete Disallowance on Deduction in respect of Wealth Tax Paid [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/ITAT-ITAT-Mumbai-Disallowance-on-Deduction-Wealth-Tax-Disallowance-on-deduction-case-TAXSCAN.jpg "ITAT Directs to Delete Disallowance on Deduction in respect of Wealth Tax Paid [Read Order]")
ITAT Directs to Delete Disallowance on Deduction in respect of Wealth Tax Paid [Read Order]
The Mumbai bench of the Income Appellate Tribunal ( ITAT ) directed the deletion of disallowance on deduction in respect of wealth tax paid. ...
![Duplicate entries in Form 26AS: ITAT deletes addition on Income from other sources [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/ITAT-ITAT-Delhi-Income-tax-Form-26AS-Duplicate-entries-in-Form-26AS-TAXSCAN.jpg "Duplicate entries in Form 26AS: ITAT deletes addition on Income from other sources [Read Order]")
![Failure to fulfill conditions u/s 44 AA of Income Tax Act: ITAT deletes penalty u/s 271 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/ITAT-ITAT-Ahmedabad-Income-tax-Section-44AA-of-Income-Tax-Act-ITAT-penalty-deletion-TAXSCAN.jpg "Failure to fulfill conditions u/s 44 AA of Income Tax Act: ITAT deletes penalty u/s 271 of Income Tax Act [Read Order]")
![Unaccounted Money is Eligible for Deduction u/S 80IB(10) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/ITAT-ITAT-Bangalore-Income-Tax-Unaccounted-Money-Tax-deduction-of-unaccounted-money-Unaccounted-money-deduction-Deduction-TAXSCAN.jpg "Unaccounted Money is Eligible for Deduction u/S 80IB(10) of Income Tax Act: ITAT [Read Order]")
Non-appearance before Appellate Authority is not Wanton Act: ITAT Allows TDS Liability u/S 201(1) of Income Tax Act [Read Order]
The Income Tax Appellate Tribunal (ITAT) ruled that non-appearance before the appellate authority is not a wanton act and, consequently, allowed the Tax Deducted at Source ( TDS ) liability under...
![Non-appearance before Appellate Authority is not Wanton Act: ITAT Allows TDS Liability u/S 201(1) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/ITAT-ITAT-Mumbai-TDS-liability-TDS-Income-Tax-Wanton-Act-Wanton-act-in-tax-cases-Appellate-authority-and-TDS-TAXSCAN.jpg "Non-appearance before Appellate Authority is not Wanton Act: ITAT Allows TDS Liability u/S 201(1) of Income Tax Act [Read Order]")
1190 Days Delay in Filing Appeal due to Medical Reason: ITAT Remands Escapement of Income Notice u/s 148 of Income Tax Act [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) remanded an Escapement of Income notice under section 148 of the Income Tax Act, 1961, due to an 1190-day delay in filing the appeal,...
![1190 Days Delay in Filing Appeal due to Medical Reason: ITAT Remands Escapement of Income Notice u/s 148 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Income-Tax-Act-Income-Tax-Appellate-Tribunal-TAXSCAN.jpg "1190 Days Delay in Filing Appeal due to Medical Reason: ITAT Remands Escapement of Income Notice u/s 148 of Income Tax Act [Read Order]")
Notice issued in stereotyped manner without applying mind is bad in law: ITAT deletes penalty u/S 271(1)(c) of Income Tax Act [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal ( ITAT) has nullified a penalty under Section 271(1)(c) of the Income Tax Act, 1961 stating that the Notice issued in a stereotyped manner without...
Pending Assessment get Abated u/S 153 A of Income Tax Act, after Conducting Search and obtaining Information: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) observed that Pending assessment get abated under Section 153 A of Income Tax Act, 1961 after conducting search and obtaining information...
![Pending Assessment get Abated u/S 153 A of Income Tax Act, after Conducting Search and obtaining Information: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/ITAT-ITAT-Delhi-Pending-Assessment-Income-Tax-Assessment-ITAT-Delhi-ruling-on-pending-assessment-TAXSCAN.jpg "Pending Assessment get Abated u/S 153 A of Income Tax Act, after Conducting Search and obtaining Information: ITAT [Read Order]")
LTCG without indexing Cost of Acquisition is to be considered for computing Tax Liability u/s 115JB of Income Tax Act: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) observed that Long Term Capital Gain ( LTCG ) without indexing cost of acquisition is to be considered for computing tax liability under...
![LTCG without indexing Cost of Acquisition is to be considered for computing Tax Liability u/s 115JB of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Long-Term-Capital-Gain-ITAT-ITAT-Mumbai-Tax-liability-Income-Tax-Cost-of-Acquisition-LTCG-without-indexing-Cost-of-Acquisition-Computing-tax-liability-LTCG-TAXSCAN.jpg "LTCG without indexing Cost of Acquisition is to be considered for computing Tax Liability u/s 115JB of Income Tax Act: ITAT [Read Order]")
Imposing Penalty beyond time period prescribed by u/s 275(1) (c) of Income Tax Act: ITAT deletes Penalty on cash receipt of loans
The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) deleted the penalty on cash receipt of loans, citing the imposition of the penalty beyond the time period prescribed by under section...
![“Live Rights” not “Copyright”, any Payment made not Taxable as Royalty: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/ITAT-ITAT-Delhi-Live-Rights-Copyright-Royalty-fee-Royalty-tax-Tax-news-Royalty-TAXSCAN.jpg "“Live Rights” not “Copyright”, any Payment made not Taxable as Royalty: ITAT [Read Order]")