Proceeding Initiated u/s 148 for Incriminating material found against a person other than Searched Person is beyond Jurisdiction: ITAT [Read Order
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) held that the proceedings initiated under Section 148 of the Income Tax Act, 1961 for...
![Denial to Claim of Deduction on HRA u/s 10(13A) of Income Tax Act by considering Entire Salary Instead of Basic & DA: ITAT Remits matter to AO for Reconsideration [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Denial-Deduction-HRA-Income-Tax-Act-Entire-Salary-DA-ITAT-Remits-AO-Reconsideration-TAXSCAN.jpg "Denial to Claim of Deduction on HRA u/s 10(13A) of Income Tax Act by considering Entire Salary Instead of Basic & DA: ITAT Remits matter to AO for Reconsideration [Read Order]")
![Govt Grants Received in Lieu of FRP need not be Reduced from Cost of Capital Assets: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Govt-Grants-Received-in-Lieu-of-FRP-FRP-Cost-Cost-of-Capital-Assets-ITAT-taxscan.jpg "Govt Grants Received in Lieu of FRP need not be Reduced from Cost of Capital Assets: ITAT [Read Order]")
![Mere reference of Assessee being a Contractor in Agreement does not Detract him from the Position of being a Developer: ITAT allows Benifits u/s 80IA(4) of IT Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Mere-reference-assessee-infrastructure-contractor-facility-allows-agreement-allows-detract-position-developer-ITAT-taxscan.jpg "Mere reference of Assessee being a Contractor in Agreement does not Detract him from the Position of being a Developer: ITAT allows Benifits u/s 80IA(4) of IT Act [Read Order]")
Books of account being audited and no pointing out of defect before initiation of proceedings u/s 147 proves findings by AO was based on wrong assumption of facts: ITAT [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) held that proceedings under Section 147 of the Income Tax Act being initiated by AO was on wrong assumption of facts, thus not...
![Books of account being audited and no pointing out of defect before initiation of proceedings u/s 147 proves findings by AO was based on wrong assumption of facts: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Books-of-account-being-audited-and-pointing-out-of-defect-before-initiation-of-proceedings-findings-by-AO-wrong-assumption-of-facts-ITAT-TAXSCAN.jpg "Books of account being audited and no pointing out of defect before initiation of proceedings u/s 147 proves findings by AO was based on wrong assumption of facts: ITAT [Read Order]")
Disallowance u/s 14A of Income Tax Act shall not be made, if Assessee not earned any exempt Income during Financial-year: ITAT quashes Revision order [Read Order]
The Income Tax Appellate Tribunal (ITAT) Ahmedabad bench held that disallowance under Section 14A of the Income Tax Act, 1961 should not be made ,if assessee not earned any exempt income...
![Disallowance u/s 14A of Income Tax Act shall not be made, if Assessee not earned any exempt Income during Financial-year: ITAT quashes Revision order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Disallowance-income-tax-act-revision-order-ITAT-taxscan.jpg "Disallowance u/s 14A of Income Tax Act shall not be made, if Assessee not earned any exempt Income during Financial-year: ITAT quashes Revision order [Read Order]")
ITAT Restores Appeal on Condition to Furnish Required Set of Documents to Avail Tax Exemption for Trust u/s 12 AB of Income Tax [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) restores the case to Commissioner of Income Tax (Exemption) [CIT (E)] and held that tax exemption under Section 12 AB of Income Tax Act,...
![ITAT Restores Appeal on Condition to Furnish Required Set of Documents to Avail Tax Exemption for Trust u/s 12 AB of Income Tax [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/ITAT-Restores-Appeal-on-Condition-to-Furnish-Required-Set-of-Documents-to-Avail-Tax-Exemption-for-Trust-Income-Tax-TAXSCAN.jpg "ITAT Restores Appeal on Condition to Furnish Required Set of Documents to Avail Tax Exemption for Trust u/s 12 AB of Income Tax [Read Order]")
No Addition shall be made on behalf Farmer assessee in respect of Cash Deposited in Joint Bank Account by Second Account Holder: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) of Delhi Bench ruled that no addition should be made on behalf of the assessee in respect of cash deposited in a joint bank account by the second account...
![No Addition shall be made on behalf Farmer assessee in respect of Cash Deposited in Joint Bank Account by Second Account Holder: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Cash-Deposited-Joint-Bank-Account-Second-Account-TAXSCAN.jpg "No Addition shall be made on behalf Farmer assessee in respect of Cash Deposited in Joint Bank Account by Second Account Holder: ITAT [Read Order]")
Non-filing of the Audit report along with Return of Income is a Procedural Omission and can't be claimed as an Exception: ITAT [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAI) held that the non-filing of the audit report along with the return of income is a procedural omission and can’t be claimed as an...
![Non-filing of the Audit report along with Return of Income is a Procedural Omission and cant be claimed as an Exception: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Non-filing-of-the-Audit-report-Return-of-Income-is-a-Procedural-Omission-Audit-report-Return-of-Income-ITAT-taxscan.jpg "Non-filing of the Audit report along with Return of Income is a Procedural Omission and cant be claimed as an Exception: ITAT [Read Order]")
Credits to Capital Account shown as Gift from assessee's Aunt are not Unexplained Credits :ITAT deletes Addition [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) has held that the credits to capital account shown as gift from assessee's aunt are not unexplained credits. Therefore,...
![Credits to Capital Account shown as Gift from assessees Aunt are not Unexplained Credits :ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Credits-Capital-Account-Gift-Aunt-Unexplained-Credits-ITAT-deletes-Addition-income-tax-income-tax-taxscan.jpg "Credits to Capital Account shown as Gift from assessees Aunt are not Unexplained Credits :ITAT deletes Addition [Read Order]")
![ITAT Upholds addition made on account of Trading in Penny Stock Shares of Shell Company [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Stock-share-addition-made-account-of-Trading-Penny-Stock-Shares-Shell-Company-ITAT-TAXSCAN.jpg "ITAT Upholds addition made on account of Trading in Penny Stock Shares of Shell Company [Read Order]")