![Assessment/Reassessment in a Search-Related Case Cannot Be Passed Without Proper Approval by Competent Authority: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/ITAT-income-tax-income-tax-ITAT-delhi-Search-related-case-Competent-authority-TAXSCAN.jpg "Assessment/Reassessment in a Search-Related Case Cannot Be Passed Without Proper Approval by Competent Authority: ITAT [Read Order]")
Assessment/Reassessment in a Search-Related Case Cannot Be Passed Without Proper Approval by Competent Authority: ITAT [Read Order]
In a significant case, the Income Tax Appellate Tribunal ( ITAT ) of the New Delhi bench held that assessment or reassessment in a search-related...
![Invalid Notice issued prior to Filing of ITR: ITAT quashes Assessment order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/ITAT-income-tax-appellate-tribunal-ITR-filling-Invalid-notices-Invalid-notice-issues-TAXSCAN.jpg "Invalid Notice issued prior to Filing of ITR: ITAT quashes Assessment order [Read Order]")
![Failure to prove Identity, Creditworthiness and Genuineness of receipt of Gift: ITAT upholds Addition made u/s 68 of IT Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/ITAT-income-tax-act-income-in-income-tax-act-ITAT-news-TAXSCAN.jpg "Failure to prove Identity, Creditworthiness and Genuineness of receipt of Gift: ITAT upholds Addition made u/s 68 of IT Act [Read Order]")
![No addition shall made when Commission earned from Consignment Sale of Foodgrains are reflected in P&L Account: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Delhi-Income-tax-Consignment-sale-Profit-and-loss-account-Food-grains-consignment-sale-taxscan.jpg "No addition shall made when Commission earned from Consignment Sale of Foodgrains are reflected in P&L Account: ITAT [Read Order]")
![Non-Forwarding of draft Assessment Order specified u/s 144C(1) of Income Tax Act: ITAT quashed Assessment order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Delhi-Income-Tax-Assessment-order-Draft-Assessment-Order-Tax-assessment-order-issues-taxscan.jpg "Non-Forwarding of draft Assessment Order specified u/s 144C(1) of Income Tax Act: ITAT quashed Assessment order [Read Order]")
Capital Gain deduction shall not be denied for purchase of New Property in the name of spouse: ITAT [Read Order]
The Delhi bench of Income Tax Appellate Tribunal ( ITAT ) ruled that capital gain deduction should not be denied even if new property purchased in the name of spouse. The assessee Simran...
![Capital Gain deduction shall not be denied for purchase of New Property in the name of spouse: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Delhi-Capital-Gain-Capital-Gain-deduction-taxscan.jpg "Capital Gain deduction shall not be denied for purchase of New Property in the name of spouse: ITAT [Read Order]")
No Liability arises as Revenue failed to issue Demand Notice with respect to Interest component of FBT: ITAT grants relief to Sony India [Read Order]
The Delhi bench of Income Tax Appellate Tribunal ( ITAT ) while granting relief to Sony India the bench held that liability does not arise since failure to demand notice with respect to interest...
![No Liability arises as Revenue failed to issue Demand Notice with respect to Interest component of FBT: ITAT grants relief to Sony India [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Delhi-Income-Tax-Sony-India-tax-case-Fringe-Benefit-Tax-Sony-India-taxscan.jpg "No Liability arises as Revenue failed to issue Demand Notice with respect to Interest component of FBT: ITAT grants relief to Sony India [Read Order]")
![No denial of Capital Gains Deduction for Non-Deposit in Capital Gains Account Scheme: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/ITAT-ITAT-Delhi-Capital-Gains-Deduction-Capital-Gains-Account-Scheme-Income-Tax-taxscan.jpg "No denial of Capital Gains Deduction for Non-Deposit in Capital Gains Account Scheme: ITAT [Read Order]")
Non-Responsiveness to Statutory Notice and failure to produce evidence in assessement u/S 143(3) of Income Tax Act: ITAT dismisses appeal [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) dismissed the appeal due to non-responsiveness to statutory notices and the failure to produce evidence during the assessment under...
![Non-Responsiveness to Statutory Notice and failure to produce evidence in assessement u/S 143(3) of Income Tax Act: ITAT dismisses appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Income-Tax-ITAT-Delhi-Statutory-notices-Evidence-production-failure-Non-responsiveness-taxscan.jpg "Non-Responsiveness to Statutory Notice and failure to produce evidence in assessement u/S 143(3) of Income Tax Act: ITAT dismisses appeal [Read Order]")
![Sale without Purchase is Invalid, No Addition to Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Sale-Without-Purchase-transaction-in-accounting-Bogus-Purchase-deletion-Bogus-Purchase-Income-Tax-taxscan.jpg "Sale without Purchase is Invalid, No Addition to Income Tax Act: ITAT [Read Order]")
![ITAT Annual Digest [Part 58]](https://www.taxscan.in/wp-content/uploads/2024/01/itst-anual-digest-part-58-taxscan.jpg "ITAT Annual Digest [Part 58]")
Disallowance u/s 14A can be made only in Respect of Investments that yielded Tax-Free Income: ITAT [Read Order]
In a recent case, the Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that the disallowance under section 14A of the Income Tax Act, 1961 can be made only in respect of investments...
![Disallowance u/s 14A can be made only in Respect of Investments that yielded Tax-Free Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Disallowance-Investments-Tax-Free-Income-ITAT-Investments-that-Yielded-Tax-Free-Income-taxscan.jpg "Disallowance u/s 14A can be made only in Respect of Investments that yielded Tax-Free Income: ITAT [Read Order]")