![Income Tax on sum received from Mother-in-Law by way Settlement of case in Court: ITAT directs Fresh Adjudication on ground of failing to make enquiry of correctness of claim [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Income-Tax-sum-Mother-in-Law-Settlement-case-Court-ITAT-directs-taxscan.jpg "Income Tax on sum received from Mother-in-Law by way Settlement of case in Court: ITAT directs Fresh Adjudication on ground of failing to make enquiry of correctness of claim [Read Order]")
Income Tax on sum received from Mother-in-Law by way Settlement of case in Court: ITAT directs Fresh Adjudication on ground of failing to make enquiry of correctness of claim [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) directed fresh adjudication on grounds of failing to make enquiry on the correctness of...
![No addition can be made on Cash Deposited to Bank Account from Husbands Savings for pay of Bank Loan: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Cash-Deposited-Bank-Account-Husbands-Savings-pay-Bank-Loan-ITAT-TAXSCAN.jpg "No addition can be made on Cash Deposited to Bank Account from Husbands Savings for pay of Bank Loan: ITAT [Read Order]")
![Belated Return cannot be Submitted After the Expiry of One Year from the End of the AY: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Return-Submitted-AY-ITAT-TAXSCAN.jpg "Belated Return cannot be Submitted After the Expiry of One Year from the End of the AY: ITAT [Read Order]")
![ITAT grants benefit of CBDT Instruction with regard to Jewellery of Grand Mother [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/ITAT-CBDT-Instruction-Jewellery-Grand-Mother-TAXSCAN.jpg "ITAT grants benefit of CBDT Instruction with regard to Jewellery of Grand Mother [Read Order]")
![Relief to Maruti Suzuki: ITAT directs to consider Amount of Royalty as a Revenue Expenditure [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Maruti-Suzuki-ITAT-Royalty-Revenue-Expenditure-TAXSCAN.jpg "Relief to Maruti Suzuki: ITAT directs to consider Amount of Royalty as a Revenue Expenditure [Read Order]")
Disallowance u/s 14A applicable only if AO finds assessee incurred Expenses with Credible Evidence: ITAT rules in favour of Maruti Suzuki
In a significant case, the Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that disallowance under section 14A of the Income Tax Act, 1961 is applicable only if the Assessing Officer...
![Income Tax Penalty cannot be attracted for Application of S. 50C: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Income-Tax-Penalty-S-50C-ITAT-TAXSCAN.jpg "Income Tax Penalty cannot be attracted for Application of S. 50C: ITAT [Read Order]")
Repayment of Debt is Application of Income If Such Debt Was Taken as Part of Receipts of Charitable Trust: ITAT [Read Order]
The Income Tax Appellate Tribunal ITAT) recently held that repayment of debt is application of income if such debt was taken as part of receipts of charitable trust. Assessee , Spiritual...
![Repayment of Debt is Application of Income If Such Debt Was Taken as Part of Receipts of Charitable Trust: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Repayment-Debt-Income-Charitable-Trust-ITAT-TAXSCAN.jpg "Repayment of Debt is Application of Income If Such Debt Was Taken as Part of Receipts of Charitable Trust: ITAT [Read Order]")
![Statutory Notice should not be Issued in a Casual and Mechanical Manner: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Notice-Casual-Mechanical-Manner-ITAT-TAXSCAN.jpg "Statutory Notice should not be Issued in a Casual and Mechanical Manner: ITAT [Read Order]")
Company Audit and AGM on 31st March: ITAT upholds Rejection of Valuation Report Violating Rule 11UA [Read Order]
Delhi Bench of Income Tax Appellate Tribunal (ITAT) upheld the rejection of valuation report submitted by the assessee on the grounds that it violated the rule 11UA of Income Tax Rules. The appeal...
![Company Audit and AGM on 31st March: ITAT upholds Rejection of Valuation Report Violating Rule 11UA [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Company-Audit-AGM-ITAT-Valuation-Report-Violating-TAXSCAN.jpg "Company Audit and AGM on 31st March: ITAT upholds Rejection of Valuation Report Violating Rule 11UA [Read Order]")
Penalty u/s 271AAA can be Imposed When Assessee accepted Undisclosed Income in section 132(4) statement: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that penalty under section 271AAA of the Income Tax Act can be imposed when the assessee accepted undisclosed income in the...
![Penalty u/s 271AAA can be Imposed When Assessee accepted Undisclosed Income in section 132(4) statement: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Penalty-Undisclosed-Income-statement-ITAT-TAXSCAN.jpg "Penalty u/s 271AAA can be Imposed When Assessee accepted Undisclosed Income in section 132(4) statement: ITAT [Read Order]")
No Additions u/s 69A allowable for Deposit of Demonetized Currency if Advance Tax paid under PMGKY Scheme: ITAT [Read Order]
In a recent ruling, the Delhi Bench of the Income Tax Appellate Tribunal (ITAT) chaired by N.K. Balliya, Accountant Member and Kul Bharat, Judicial Member directed the Assessing Officer (AO) to...
![No Additions u/s 69A allowable for Deposit of Demonetized Currency if Advance Tax paid under PMGKY Scheme: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/No-Additions-Deposit-of-Demonetized-Currency-if-Advance-Tax-paid-under-PMGKY-Scheme-ITAT-TAXSCAN.jpg "No Additions u/s 69A allowable for Deposit of Demonetized Currency if Advance Tax paid under PMGKY Scheme: ITAT [Read Order]")