![Revisional Jurisdiction not Invokable on Simple Disagreement with Plausible Views of AO: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/ITAT-ITAT-Kolkata-Income-tax-Income-tax-news-Assessing-Officer-taxscan.jpg "Revisional Jurisdiction not Invokable on Simple Disagreement with Plausible Views of AO: ITAT [Read Order]")
Revisional Jurisdiction not Invokable on Simple Disagreement with Plausible Views of AO: ITAT [Read Order]
The Kolkata Bench of the Income Tax Appellate Tribunal ( ITAT ) ruled that the revisional jurisdiction under Section 263 of the Income Tax Act, 1961...
![ITAT quashes Assessment Order passed on Violation of Principles of Natural Justice [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-Assessment-Order-Violation-of-Principles-of-Natural-Justice-taxscan.jpg "ITAT quashes Assessment Order passed on Violation of Principles of Natural Justice [Read Order]")
![Failure to establish Ingredients prescribed u/s 68 of Income Tax Act : ITAT upholds addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Failure-Ingredients-Income-Tax-Act-ITAT-ITAT-upholds-addition-income-tax-itat-kolkata-taxscan.jpg "Failure to establish Ingredients prescribed u/s 68 of Income Tax Act : ITAT upholds addition [Read Order]")
![Section 2(22) of Income Tax Act cannot be invoked against Non-Beneficiary Shareholders in company receiving Company Loans: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Kolkata-Income-tax-Company-Loans-Shareholders-TAXSCAN.jpg "Section 2(22) of Income Tax Act cannot be invoked against Non-Beneficiary Shareholders in company receiving Company Loans: ITAT [Read Order]")
![ITAT dismisses Reassessment as AO fails to Pass Assessment Order within 4 weeks from Rejection of Taxpayers Objection [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-Reassessment-AO-Pass-Assessment-Order-Rejection-Taxpayers-Objection-TAXSCAN.jpg "ITAT dismisses Reassessment as AO fails to Pass Assessment Order within 4 weeks from Rejection of Taxpayers Objection [Read Order]")
ITAT directs to deletes addition made in respect of Capital Gains by adopting the value of property as per DVO Report [Read Order]
The Kolkata bench of Income Tax Appellate Tribunal ( ITAT ) directed to delete additions made in respect of capital gain by adopting the value of property as per DVO report. The Assessee Arijit...
![ITAT directs to deletes addition made in respect of Capital Gains by adopting the value of property as per DVO Report [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Kolkata-Income-Tax-Capital-Gains-TAXSCAN.jpg "ITAT directs to deletes addition made in respect of Capital Gains by adopting the value of property as per DVO Report [Read Order]")
Hospital Building Construction Investment from Professional Receipts shall compute under Head of Business Income: ITAT [Read Order]
The Chandigarh Income Tax Appellate Tribunal ( ITAT ) held that investment in construction of hospital buildings made out from the professional receipts are computed under head business income. ...
![Hospital Building Construction Investment from Professional Receipts shall compute under Head of Business Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Chandigarh-Income-tax-Hospital-Investment-Head-of-Business-Income-Business-income-computation-Tax-for-hospital-construction-taxscan.jpg "Hospital Building Construction Investment from Professional Receipts shall compute under Head of Business Income: ITAT [Read Order]")
Gratuity Paid to Employee Classified as Salary, Deemed Expense allowable u/s 37(1) of Income Tax Act: ITAT [Read Order]
In a recent ruling, the Kolkata bench of the Income Tax Appellate Tribunal ( ITAT ) highlighted that the gratuity paid to an employee is classified as salary, hence deemed an allowable expense under...
![Gratuity Paid to Employee Classified as Salary, Deemed Expense allowable u/s 37(1) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Gratuity-Employee-Classified-Salary-Deemed-Expense-allowable-us-371-of-Income-Tax-Act-ITAT-TAXSCAN.jpg "Gratuity Paid to Employee Classified as Salary, Deemed Expense allowable u/s 37(1) of Income Tax Act: ITAT [Read Order]")
Trust cannot be Barred from getting the benefit of Income Tax Deduction because of not Opting for it Previously: ITAT [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal ( ITAT ) has held that the trust cannot be barred from getting the benefit of income tax deduction because of not opted for it previously. ...
![Trust cannot be Barred from getting the benefit of Income Tax Deduction because of not Opting for it Previously: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/Trust-cannot-Barred-benefit-of-Income-Tax-Deduction-Opting-for-it-Previously-ITAT-taxscan.jpg "Trust cannot be Barred from getting the benefit of Income Tax Deduction because of not Opting for it Previously: ITAT [Read Order]")
Taxpayer can give Opportunity to Furnish Critical Additional Evidence before Completing Assessment u/s 144: ITAT [Read Order]
The Chandigarh bench of the Income Tax Appellate Tribunal ( ITAT ) has held that taxpayers can be allowed to furnish critical additional evidence before completing an assessment under section 144 of...
![Taxpayer can give Opportunity to Furnish Critical Additional Evidence before Completing Assessment u/s 144: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/ITAT-Chandigarh-ITAT-Income-Tax-Income-Tax-Appellate-Tribunal-ITAT-ruling-on-taxpayer-evidence-Taxscan.jpg "Taxpayer can give Opportunity to Furnish Critical Additional Evidence before Completing Assessment u/s 144: ITAT [Read Order]")
![Â ITAT Annual Digest [PART 47]](https://www.taxscan.in/wp-content/uploads/2024/01/ITAT-ITAT-ANNUAL-DIGEST-PART-52-ITAT-ANNUAL-DIGEST-taxscan.jpg "Â ITAT Annual Digest [PART 47]")
![ITAT Annual Digest [Part-34]](https://www.taxscan.in/wp-content/uploads/2024/01/ITAT-Annual-Digest-Tax-tribunal-updates-ITAT-decisions-Key-tax-judgments-2023-ITAT-Cases-ITAT-TAXSCAN.jpg "ITAT Annual Digest [Part-34]")