TDS Mismatch in 26AS and Profit & Loss Account: ITAT Orders Reassessment on Lack of Substantiating Evidence
The Income Tax Appellate Tribunal of Kolkata Bench has issued a directive for the reassessment of a case where there was a discrepancy between the...
![Defect in Issue of Notice: ITAT quashes Scrutiny Assessment Proceedings Initiated by ACIT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Defect-in-Issue-of-Notice-Issue-of-Notice-ITAT-quashes-Scrutiny-Assessment-Proceedings-Initiated-by-ACIT-ITAT-Scrutiny-Assessment-Proceedings-Taxscan.jpg "Defect in Issue of Notice: ITAT quashes Scrutiny Assessment Proceedings Initiated by ACIT [Read Order]")
![No Disallowance shall be made u/s 37(1) of Income Tax Act on Site Expenses Incurred for Railway Business: ITAT deletes Ad-Hoc Disallowance [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/disallowance-Income-Tax-Act-Site-Expenses-Railway-Business-ITAT-deletes-Ad-Hoc-taxscan.jpg "No Disallowance shall be made u/s 37(1) of Income Tax Act on Site Expenses Incurred for Railway Business: ITAT deletes Ad-Hoc Disallowance [Read Order]")
![Mismatch between contract receipts reflected in Form 26AS and Income Tax Return: ITAT directs Re-adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Mismatch-between-contract-receipts-reflected-in-Form-26AS-and-Income-Tax-Return-Mismatch-between-contract-receipts-Income-Tax-Return-Form-26AS-ITAT-directs-Re-adjudication-taxscan.jpg "Mismatch between contract receipts reflected in Form 26AS and Income Tax Return: ITAT directs Re-adjudication [Read Order]")
![ITAT Upholds disallowance in respect of Delay in Deposit of Employees Contribution Fund [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/ITAT-disallowance-in-respect-of-Delay-in-Deposit-of-Employeesb-Contribution-Fund-TAXSCAN.jpg "ITAT Upholds disallowance in respect of Delay in Deposit of Employees Contribution Fund [Read Order]")
No Liability for Assessee in Default to Deduct TDS on Payee having No Liability to Pay Tax on Income: ITAT [Read Order]
The Gauhati Bench of Income Tax Appellate Tribunal (ITAT),held that if the payee has no liability to pay tax on exempt income, the liability to deduct tax at source in the hands of the payer cannot...
![No Liability for Assessee in Default to Deduct TDS on Payee having No Liability to Pay Tax on Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/No-Liability-Assessee-Default-Deduct-TDS-Payee-No-Liability-Pay-Tax-Income-ITAT-TAXSCAN.jpg "No Liability for Assessee in Default to Deduct TDS on Payee having No Liability to Pay Tax on Income: ITAT [Read Order]")
Claim of Deduction u/s 54F of Income Tax Act Not Allowable if Assessee owns More than One Residential House: ITAT [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) held that the claim of deduction under section 54F of the Income Tax Act,1961 was not allowable if the assessee owns more than one...
![Claim of Deduction u/s 54F of Income Tax Act Not Allowable if Assessee owns More than One Residential House: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Claim-Deduction-Income-Tax-Act-Allowable-Assessee-Residential-House-�ITAT-TAXSCAN.jpg "Claim of Deduction u/s 54F of Income Tax Act Not Allowable if Assessee owns More than One Residential House: ITAT [Read Order]")
Addition made by AO in Respect of Share Capital without Considering Relevant Documents and Evidences: ITAT Deletes Addition [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) deleted the addition made by the assessing officer in respect of share capital without considering the relevant documents and evidence by...
![Addition made by AO in Respect of Share Capital without Considering Relevant Documents and Evidences: ITAT Deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/ITAT-Upholds-Rejection-of-Claim-of-Exemption-of-Income-Tax-Act-due-to-Utilisation-of-Income-for-Religious-Expenses-More-than-Prescribed-Limit-TAXSCAN-1.jpg "Addition made by AO in Respect of Share Capital without Considering Relevant Documents and Evidences: ITAT Deletes Addition [Read Order]")
Involvement of Tax Effect Less than Prescribed Monetary Limit by CBDT for Filing Appeal: ITAT Dismisses Appeal of Revenue [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) dismissed the appeal filed by the revenue on the ground of the tax effect involved was less than the prescribed monetary limit by the...
![Involvement of Tax Effect Less than Prescribed Monetary Limit by CBDT for Filing Appeal: ITAT Dismisses Appeal of Revenue [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Involvement-of-Tax-Effect-Prescribed-Monetary-Limit-by-CBDT-CBDT-for-Filing-Appeal-Filing-Appeal-ITAT-Dismisses-Appeal-of-Revenue-Appeal-of-Revenue-taxscan.jpg "Involvement of Tax Effect Less than Prescribed Monetary Limit by CBDT for Filing Appeal: ITAT Dismisses Appeal of Revenue [Read Order]")
Addition made by AO Without Giving Sufficient Opportunity to Assessee: ITAT Directs Re-adjudication [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) directed the assessing officer to re-adjudicate the addition made without giving the sufficient opportunity of hearing to the...
![Addition made by AO Without Giving Sufficient Opportunity to Assessee: ITAT Directs Re-adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Addition-Addition-made-by-AO-AO-Sufficient-Opportunity-to-Assessee-Sufficient-Opportunity-Assessee-ITAT-Directs-Re-adjudication-ITAT-Re-adjudication-taxscan.jpg "Addition made by AO Without Giving Sufficient Opportunity to Assessee: ITAT Directs Re-adjudication [Read Order]")
Additional Income not from any Unexplained Source should be Taxable at Normal Tax Rates as Applicable to Business Income: ITAT [Read Order]
The Chandigarh bench of the Income Tax Appellate Tribunal ( ITAT) held that the additional income which was not derived from the unexplained sources should be taxable at normal tax rates as same as...
![Additional Income not from any Unexplained Source should be Taxable at Normal Tax Rates as Applicable to Business Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Addition-Assessung-officer-Income-Tax-Act-Income-Surrendered-income-unexplained-source-Tax-Rate-Business-taxscan.jpg "Additional Income not from any Unexplained Source should be Taxable at Normal Tax Rates as Applicable to Business Income: ITAT [Read Order]")
Non-Mentioning of Business Income in Books of Account cannot be Sole Reason to Invoke S. 115BBE of the Income Tax Act: ITAT [Read Order]
The Chandigarh bench of the Income Tax Appellate Tribunal (ITAT) held that Non-mentioning of the business income in the books of account cannot be the sole reason to invoke the provisions of Section...
![Non-Mentioning of Business Income in Books of Account cannot be Sole Reason to Invoke S. 115BBE of the Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/ITAT-Business-income-Non-Mentioning-of-Business-Income-Books-of-Account-Business-Income-in-Books-of-Account-Invoke-taxscan.jpg "Non-Mentioning of Business Income in Books of Account cannot be Sole Reason to Invoke S. 115BBE of the Income Tax Act: ITAT [Read Order]")