![ITAT Annual Digest [Part 63]](https://www.taxscan.in/wp-content/uploads/2024/01/ITAT-Annual-Digest-Income-Tax-Appellate-Tribunal-analysis-Tax-tribunal-updates-ITAT-decisions-ITAT-judgments-2023-taxscan.jpg "ITAT Annual Digest [Part 63]")
ITAT Annual Digest [Part 63]
This annual digest analyzes all the ITAT stories published in 2023 at taxscan.in Society not being Wholly/Substantially financed by Government...
![ITAT directs to produce CA certificate in prescribed Form 26Â to re-adjudicate disallowance made u/s.40(a)(ia) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/ITAT-directs-to-produce-CA-certificate-in-prescribed-Form-26-re-adjudicate-disallowance-Income-Tax-Act-TAXSCAN.jpg "ITAT directs to produce CA certificate in prescribed Form 26Â to re-adjudicate disallowance made u/s.40(a)(ia) of Income Tax Act [Read Order]")
![Sale and Purchase Transaction in Own account does not Meet Facilitation as Commission Agent: ITAT upholds Determination of Income u/s 44D of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Determination-of-Income-ITAT-upholds-Income-Tax-Act-Income-Tax-ITAT-ITAT-News-Tax-News-Sale-and-Purchase-TAXSCAN.jpg "Sale and Purchase Transaction in Own account does not Meet Facilitation as Commission Agent: ITAT upholds Determination of Income u/s 44D of Income Tax Act [Read Order]")
![ITAT directs Readjudication in respect of sale of Gyrovator to customers out of Unaccounted Purchases [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/ITAT-Readjudication-sale-of-Gyrovator-Unaccounted-Purchases-TAXSCAN.jpg "ITAT directs Readjudication in respect of sale of Gyrovator to customers out of Unaccounted Purchases [Read Order]")
Income earned by way of Interest and claimed under "Income from Other Sources" shall be Allowable Expenditure u/s 57(iii): ITAT [Read Order]
The Raipur bench of the Income Tax Appellate Tribunal (ITAT) held that the income earned by way of interest and claimed under income from other sources shall be allowable expenditure under Section...
![Income earned by way of Interest and claimed under Income from Other Sources shall be Allowable Expenditure u/s 57(iii): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Income-earned-by-way-of-Interest-Income-from-Other-Sources-ITAT-taxscan.jpg "Income earned by way of Interest and claimed under Income from Other Sources shall be Allowable Expenditure u/s 57(iii): ITAT [Read Order]")
Non-Responding and Non-Complaining before PCIT when issue Restored to AO for Proper Enquiries cannot make Revision Illegal and not Maintainable: ITAT [Read Order]
The Raipur Bench of Income Tax Appellate Tribunal (ITAT) has held that non responding and non-complaining before Principal Commissioner of Income Tax (PCIT) when issue was restored to the Assessing...
![Non-Responding and Non-Complaining before PCIT when issue Restored to AO for Proper Enquiries cannot make Revision Illegal and not Maintainable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Non-Responding-and-Non-Complaining-before-PCIT-when-issue-Restored-Proper-Enquiries-Revision-Illegal-Maintainable-ITAT-TAXSCAN.jpg "Non-Responding and Non-Complaining before PCIT when issue Restored to AO for Proper Enquiries cannot make Revision Illegal and not Maintainable: ITAT [Read Order]")
Penalty Imposed by AO u/s 271(1)(b)Â Income Tax Act for Non- Compliance to Notices issued during Assessment is within the Limitation Period: ITAT Dismisses Appeal [Read Order]
The Raipur Bench of Income Tax Appellate Tribunal (ITAT) held that the penalty imposed by Assessing Officer (AO) during assessment proceeding under Section 271 of Income Tax Act,1961 is within the...
![Penalty Imposed by AO u/s 271(1)(b)Â Income Tax Act for Non- Compliance to Notices issued during Assessment is within the Limitation Period: ITAT Dismisses Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Penalty-Imposed-by-AO-Income-Tax-Act-for-Non-Compliance-to-Notices-issued-Assessment-Limitation-Period-ITAT-Dismisses-Appeal-TAXSCAN.jpg "Penalty Imposed by AO u/s 271(1)(b)Â Income Tax Act for Non- Compliance to Notices issued during Assessment is within the Limitation Period: ITAT Dismisses Appeal [Read Order]")
Charitable Institution liable for Tax Audit u/s 44AB for Activities prior to Registration u/s 2(15) of Income Tax Act: ITAT upholds Penalty u/s 271B [Read Order]
The Raipur Bench of Income Tax Appellate Tribunal (ITAT) has upheld the penalty under Section 271B of the Income Tax Act holding that the charitable institution would be liable for tax audit under...
![Charitable Institution liable for Tax Audit u/s 44AB for Activities prior to Registration u/s 2(15) of Income Tax Act: ITAT upholds Penalty u/s 271B [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Charitable-Institution-liable-Tax-Audit-Activities-prior-Registration-Income-Tax-Act-ITAT-upholds-Penalty-taxscan.jpg "Charitable Institution liable for Tax Audit u/s 44AB for Activities prior to Registration u/s 2(15) of Income Tax Act: ITAT upholds Penalty u/s 271B [Read Order]")
Failure to justify Genuine Reason for Delay in filing Appeal before Appellate Authority: ITAT denies Condonation for Delay [Read Order]
The Income Tax Appellate Tribunal (ITAT) Raipur bench, while rejecting the delay petition for condonation, held that the assessee failed to justify the genuine reason for the delay in filing the...
![Failure to justify Genuine Reason for Delay in filing Appeal before Appellate Authority: ITAT denies Condonation for Delay [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Failure-to-justify-Genuine-Reason-for-Delay-in-filing-Appeal-Appellate-Authority-ITAT-denies-Condonation-for-Delay-TAXSCAN.jpg "Failure to justify Genuine Reason for Delay in filing Appeal before Appellate Authority: ITAT denies Condonation for Delay [Read Order]")
Assessee adopted an Evasive/lackadaisical Approach and didn't Participate in Assessment Proceedings: ITAT upheld Addition u/s 69A of Income Tax Act [Read Order]
The Raipur bench of the Income Tax Appellate Tribunal (ITAT) upheld the addition under Section 69A of the Income Tax Act, 1961 for the unexplained cash as the assessee adopted an evasive or...
![Assessee adopted an Evasive/lackadaisical Approach and didnt Participate in Assessment Proceedings: ITAT upheld Addition u/s 69A of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Assessee-Evasive-lackadaisical-Approach-Participate-Assessment-Proceedings-ITAT-Addition-Income-Tax-Act-TAXSCAN.jpg "Assessee adopted an Evasive/lackadaisical Approach and didnt Participate in Assessment Proceedings: ITAT upheld Addition u/s 69A of Income Tax Act [Read Order]")
Society not being Wholly/Substantially financed by Government can't raise Claim for Exemption u/s 10(23C)(iiiab) of Income Tax Act: ITAT [Read Order]
The Raipur bench of the Income Tax Appellate Tribunal (ITAT) held that the society not being wholly/substantially financed by the government cannot raise a claim for exemption under Section...
![Society not being Wholly/Substantially financed by Government cant raise Claim for Exemption u/s 10(23C)(iiiab) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Society-Society-not-being-Wholly-Government-Claim-Exemption-taxscan-1.jpg "Society not being Wholly/Substantially financed by Government cant raise Claim for Exemption u/s 10(23C)(iiiab) of Income Tax Act: ITAT [Read Order]")