![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]")
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...
![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]")
![Advance received against booking of flats are not Unexplained Amount: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Advance-booking-of-flats-Unexplained-Amount-ITAT-TAXSCAN.jpg "Advance received against booking of flats are not Unexplained Amount: ITAT deletes Addition [Read Order]")
![Exemption u/s 10(23B) of Income Tax Act cannot be denied for Mere Technical Violation: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Exemption-Under-Section-1023B-ITAT-Income-Tax-Act-Income-Tax-Mere-Technical-Violation-Technical-Violation-TAXSCAN.jpg "Exemption u/s 10(23B) of Income Tax Act cannot be denied for Mere Technical Violation: ITAT [Read Order]")
ALV of Vacant Property in Unsold Flats form held as Stock-in-Trade and Remained Vacant during year is NIL: ITAT allows Vacancy allowance [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal (ITAT) has allowed the vacancy allowance holding that the Annual Lettable Value (ALV) of vacant property in unsold flats forms which were held as...
![ALV of Vacant Property in Unsold Flats form held as Stock-in-Trade and Remained Vacant during year is NIL: ITAT allows Vacancy allowance [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Vacant-Property-Unsold-Flats-Stock-in-Trade-Remained-Vacant-ITAT-taxscan.jpg "ALV of Vacant Property in Unsold Flats form held as Stock-in-Trade and Remained Vacant during year is NIL: ITAT allows Vacancy allowance [Read Order]")
LTCG from Sale of Equity Share of Penny Stock Companies listed with BSE is not eligible for exemption u/s10(38) of I.T Act :ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT ) Kolkata bench held that long Term Capital Gain (LTCG) from sale of equity shares of penny stock companies listed with Bombay Stock Exchange (BSE) is...
![LTCG from Sale of Equity Share of Penny Stock Companies listed with BSE is not eligible for exemption u/s10(38) of I.T Act :ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/LTCG-Sale-of-Equity-Share-Penny-Stock-Companies-BSE-not-eligible-exemption-I.T-Act-ITAT-taxscan.jpg "LTCG from Sale of Equity Share of Penny Stock Companies listed with BSE is not eligible for exemption u/s10(38) of I.T Act :ITAT [Read Order]")
ITAT Confirms Income Tax Addition u/s 68 in Absence of Evidence Proving Unsubstantial Increase in Business Capital [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) confirms the Income Tax addition under Section 68 of the Income Tax Act, 1961 in the absence of evidence proving the unsubstantial...
![ITAT Confirms Income Tax Addition u/s 68 in Absence of Evidence Proving Unsubstantial Increase in Business Capital [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/ITAT-Confirms-Income-Tax-Addition-ITAT-Absence-of-Evidence-Income-Tax-Addition-Income-Tax-Business-Capital-taxscan.jpg "ITAT Confirms Income Tax Addition u/s 68 in Absence of Evidence Proving Unsubstantial Increase in Business Capital [Read Order]")
Unsecured Loans and Share Application Money cannot be Bogus in the Absence of Evidence as to Identity and Creditworthiness of Creditors and Genuineness of Transaction: ITAT [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal (ITAT) has held that the unsecured loans and share application money could not be bogus in the absence of evidence as to identity and...
![Unsecured Loans and Share Application Money cannot be Bogus in the Absence of Evidence as to Identity and Creditworthiness of Creditors and Genuineness of Transaction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Loans-Share-Application-Money-Bogus-Absence-Evidence-Identity-Creditworthiness-Creditors-Genuineness-Transaction-ITAT-TAXSCAN.jpg "Unsecured Loans and Share Application Money cannot be Bogus in the Absence of Evidence as to Identity and Creditworthiness of Creditors and Genuineness of Transaction: ITAT [Read Order]")
Amenities provided to Tenants of House Property Compute under head of Income from House Property: ITAT deletes Addition [Read Order]
The Income Tax Appellate Tribunal (ITAT) Kolkata Bench held that amenities provided to tenants of house property compute under the head of Income from House Property.Therefore the bench deleted...
![Amenities provided to Tenants of House Property Compute under head of Income from House Property: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Amenities-Amenities-provided-to-tenants-tenants-house-property-ITAT-taxscan.jpg "Amenities provided to Tenants of House Property Compute under head of Income from House Property: ITAT deletes Addition [Read Order]")