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![ITAT quashes Penalty Order as Non-Filing of Income Tax Return and Concealing Particulars Cannot be Levied u/s 271(1)(c) [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/ITAT-quashes-Penalty-Order-as-Non-Filing-of-Income-Tax-Return-and-Concealing-Particulars-Levied-u-s-2711c-TAXSCAN.jpg "ITAT quashes Penalty Order as Non-Filing of Income Tax Return and Concealing Particulars Cannot be Levied u/s 271(1)(c) [Read Order]")
ITAT quashes Penalty Order as Non-Filing of Income Tax Return and Concealing Particulars Cannot be Levied u/s 271(1)(c) [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) recently quashed the penalty order as the non-filing of income return and concealing...
![Bitumen and its by products are ‘Mineral Oil’ u/s 80IB(a) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Bitumen-and-its-by-products-are-Mineral-Oil-of-Income-Tax-Act-ITAT-TAXSCAN.jpg "Bitumen and its by products are ‘Mineral Oil’ u/s 80IB(a) of Income Tax Act: ITAT [Read Order]")
![Relief to Bank of Baroda, Deduction allowed in the form of Amortization of Premium after due verification: ITAT sets aside Revisional Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Bank-of-Barod-Deduction-premium-verification-ITAT-revisional-order-TAXSCAN.jpg "Relief to Bank of Baroda, Deduction allowed in the form of Amortization of Premium after due verification: ITAT sets aside Revisional Order [Read Order]")
![ITAT deletes Addition as Registrar had charged Stamp Duty as per prevailing Market Value for Property [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/06/ITAT-registrar-stamp-duty-market-value-for-the-property-taxscan.jpg "ITAT deletes Addition as Registrar had charged Stamp Duty as per prevailing Market Value for Property [Read Order]")
![ITAT allows Assessee’s Claim to Write Back Credit to Profit and Loss Account for Bad Debt made in earlier years [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/06/ITAT-profit-loss-bad-debt-Taxscan.jpg "ITAT allows Assessee’s Claim to Write Back Credit to Profit and Loss Account for Bad Debt made in earlier years [Read Order]")
Rental Income in the Nature of Compensation for Alternate Accommodation from the developer is not Taxable: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) Mumbai has ruled that rent received for alternate accommodation is not eligible to tax and deleted the enhancement of assessment made by the revenue. The...
![Rental Income in the Nature of Compensation for Alternate Accommodation from the developer is not Taxable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/Rental-Income-Nature-of-Compensation-Alternate-Accommodation-developer-Taxable-ITAT-Taxscan.jpg "Rental Income in the Nature of Compensation for Alternate Accommodation from the developer is not Taxable: ITAT [Read Order]")
![Lease Holders Expenses are not liable to be Capitalized: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/Lease-holders-expenses-capitalized-ITAT-Taxscan.jpg "Lease Holders Expenses are not liable to be Capitalized: ITAT deletes Addition [Read Order]")
Business Advances made without Interest to Indian and Foreign Subsidiaries can’t be Disallowed: ITAT [Read Order]
The Income Tax Appellate Tribunal said Business Advances made without interest to Indian and subsidiaries can’t be disallowed under the provisions of the Income Tax Act, 1961. The Revenue, in the...
![Business Advances made without Interest to Indian and Foreign Subsidiaries can’t be Disallowed: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/01/Business-Advances-Taxscan.jpg "Business Advances made without Interest to Indian and Foreign Subsidiaries can’t be Disallowed: ITAT [Read Order]")
![Profit on Sale of Shares is Taxable under the Head Capital Gain: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/11/Capital-Gain-Taxscan.jpg "Profit on Sale of Shares is Taxable under the Head Capital Gain: ITAT [Read Order]")