![ITAT Annual Digest [Part - 36]](https://www.taxscan.in/wp-content/uploads/2024/01/ITAT-Annual-Digest-Tax-tribunal-updates-ITAT-decisions-ITAT-Cases-Key-tax-judgments-2023-ITAT-taxscan.jpg "ITAT Annual Digest [Part - 36]")
ITAT Annual Digest [Part - 36]
This yearly digest analyzes all the ITAT stories published in the year 2023 at taxscan.in Addition made by AO without Understanding whole...
![ITAT Annual Digest [Part 33]](https://www.taxscan.in/wp-content/uploads/2024/01/annual-digest-2023-Part-33.jpg "ITAT Annual Digest [Part 33]")
![Income other than business/Profession Mismatch falls within Scope of Limited Scrutiny: ITAT Sets aside Assessment Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Income-business-Profession-Mismatch-Scope-of-Limited-Scrutiny-ITAT-Assessment-Order-TAXSCAN.jpg "Income other than business/Profession Mismatch falls within Scope of Limited Scrutiny: ITAT Sets aside Assessment Order [Read Order]")
![Failure of PCIT to Furnish Investigation Report or other Regulators in Respect of Scrips Dealt by the Assessee: ITAT quashes Revision Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Failure-of-PCIT-to-Furnish-Investigation-Report-Regulators-in-Respect-of-Scrips-Dealt-Assessee-ITAT-quashes-Revision-Order-TAXSCAN.jpg "Failure of PCIT to Furnish Investigation Report or other Regulators in Respect of Scrips Dealt by the Assessee: ITAT quashes Revision Order [Read Order]")
![TDS u/s 194C(2) Not applicable when No Contractual or Sub-Contractual Relationship exists between JV and its Constituencies: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/TDS-applicable-when-No-Contractual-or-Sub-Contractual-Relationship-exists-between-JV-and-its-Constituencies-ITAT-TAXSCAN.jpg "TDS u/s 194C(2) Not applicable when No Contractual or Sub-Contractual Relationship exists between JV and its Constituencies: ITAT [Read Order]")
Income shall be determined on Net Profit even though Society is not Registered u/s 12A of Income Tax Act: ITAT allows Deduction of Expenditure [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) allowed deduction of expenditure and held that the income shall be determined on net profit even though the society is not registered...
![Income shall be determined on Net Profit even though Society is not Registered u/s 12A of Income Tax Act: ITAT allows Deduction of Expenditure [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Income-shall-be-determined-on-Net-Profit-even-Society-Registered-Income-Tax-Act-ITAT-allows-Deduction-of-Expenditure-TAXSCAN.jpg "Income shall be determined on Net Profit even though Society is not Registered u/s 12A of Income Tax Act: ITAT allows Deduction of Expenditure [Read Order]")
Issuance of Notice for Reopening Income Tax Assessment by ITO not having Territorial jurisdiction is invalid: ITAT [Read Order]
The Bangalore Bench of Income Tax Appellate Tribunal (ITAT) held that reopening of the assessment recorded by an Authority, who does not having territorial jurisdiction over the assessee is bad in...
![Issuance of Notice for Reopening Income Tax Assessment by ITO not having Territorial jurisdiction is invalid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Issuance-of-notice-for-reopening-income-tax-assessment-by-ITO-territorial-jurisdiction-is-invalid-ITAT-TAXSCAN.jpg "Issuance of Notice for Reopening Income Tax Assessment by ITO not having Territorial jurisdiction is invalid: ITAT [Read Order]")
![Assessing Officer must not act Dishonestly or Vindictively: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Assessing-Officer-Dishonestly-Vindictively-ITAT-TAXSCAN.jpg "Assessing Officer must not act Dishonestly or Vindictively: ITAT [Read Order]")
No Penalty for Bonafide Mistakes in Income Tax Return filed without Assistance of Tax Consultant: ITAT [Read Order]
In Virtual mode, the Kolkata bench of the Income Tax Appellate Tribunal (ITAT) has held that penalty is not demandable for bonafide mistakes in income tax returns filed without the assistance of a...
![No Penalty for Bonafide Mistakes in Income Tax Return filed without Assistance of Tax Consultant: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Penalty-Mistakes-Income-Tax-Return-Tax-Consultant-ITAT-TAXSCAN.jpg "No Penalty for Bonafide Mistakes in Income Tax Return filed without Assistance of Tax Consultant: ITAT [Read Order]")
No Violation of S. 40A(3) of Income Tax Act as No Payment of Cash for making Purchases Exceeding the Prescribed Limit: ITAT [Read Order]
Violation u/s. 40A(3) of the Income Tax Act, 1961 will not be attracted when cash payment is made for the purchases exceeds the prescribed limit, the Kolkata Bench of the Income Tax Appellate...
![No Violation of S. 40A(3) of Income Tax Act as No Payment of Cash for making Purchases Exceeding the Prescribed Limit: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/violation-Payment-Cash-Purchases-Exceeding-ITAT-Revisional-Order-TAXSCAN.jpeg "No Violation of S. 40A(3) of Income Tax Act as No Payment of Cash for making Purchases Exceeding the Prescribed Limit: ITAT [Read Order]")
MAT Credit of Transferee Company can be carried forward and set off against Tax Liability of Amalgamated Company: ITAT [Read Order]
The Kolkata Bench of the Income Tax Appellate Tribunal (ITAT) has held that MAT credit of the transferee company can be carried forward and set off against tax liability of the amalgamated company. ...
![MAT Credit of Transferee Company can be carried forward and set off against Tax Liability of Amalgamated Company: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/MAT-Credit-Transferee-Company-Tax-Liability-ITAT-TAXSCAN.jpeg "MAT Credit of Transferee Company can be carried forward and set off against Tax Liability of Amalgamated Company: ITAT [Read Order]")