![Notice issued by AO in aware of Non-existence of assessee-company on account of Amalgamation stands Invalid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Notice-AO-Non-existence-of-assessee-Non-existence-of-assessee-company-on-account-of-Amalgamation-stands-Invalid-ITAT-taxscan.jpg "Notice issued by AO in aware of Non-existence of assessee-company on account of Amalgamation stands Invalid: ITAT [Read Order]")
Notice issued by AO in aware of Non-existence of assessee-company on account of Amalgamation stands Invalid: ITAT [Read Order]
The Indore bench of the Income Tax Appellate Tribunal (ITAT) held that the notice issued by the Assessing Officer in aware of the non-existence of...
![Mere Mistake in Form 35 does not result in Deficient Appeal: ITAT grants another Opportunity to rectify Mistake [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Mere-Mistake-Appeal-Mere-Mistake-in-Form-35-does-not-result-in-Deficient-Appeal-ITAT-taxscan.jpg "Mere Mistake in Form 35 does not result in Deficient Appeal: ITAT grants another Opportunity to rectify Mistake [Read Order]")
![Excess cash found during course of Survey shall not be taxed under head of Business Income attracts Higher Tax Rate u/s 115BBE of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Excess-cash-Excess-cash-found-during-course-of-Survey-course-of-Survey-Excess-cash-found-during-course-of-Survey-shall-not-be-taxed-under-head-of-Business-income-Attracts-Higher-tax-rate-taxscan.jpg "Excess cash found during course of Survey shall not be taxed under head of Business Income attracts Higher Tax Rate u/s 115BBE of Income Tax Act: ITAT [Read Order]")
![Subsidy received under Industrial Promotion Scheme of Madhya Pradesh is Revenue in Nature: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Subsidy-Industrial-Promotion-Scheme-Madhya-Pradesh-Subsidy-received-under-Industrial-Promotion-Scheme-of-Madhya-Pradesh-taxscan.jpg "Subsidy received under Industrial Promotion Scheme of Madhya Pradesh is Revenue in Nature: ITAT [Read Order]")
![Subsidies received from Government of Maharashtra under Package Scheme Incentive is Capital Receipt: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Subsidies-Government-Maharashtra-Package-Schem-e-Incentive-Capital-Receipt-ITAT-TAXSCAN.jpg "Subsidies received from Government of Maharashtra under Package Scheme Incentive is Capital Receipt: ITAT deletes Addition [Read Order]")
No Addition on Unexplained Income received as Gift from Family Members: ITAT directs Re-Adjudication
The Indore bench of Income Tax Appellate Tribunal (ITAT) held that no addition can be made on unexplained income which was received as gift from the family members for personal use. Hemant Pandya,...
Hindi Sahitya Sammelan eligible for Income Tax Exemption u/s10(23C) (vi) of Income Tax Act: ITAT [Read Order]
The Allahabad bench of Income Tax Appellate Tribunal (ITAT) has held that the Hindi Sahitya Sammelan is eligible for Income tax exemption under section10 (23C) (vi) the Income Tax Act. The...
![Hindi Sahitya Sammelan eligible for Income Tax Exemption u/s10(23C) (vi) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Hindi-Sahitya-Sammelan-eligible-Income-Tax-Exemption-Income-Tax-Act-ITAT-TAXSCAN.jpg "Hindi Sahitya Sammelan eligible for Income Tax Exemption u/s10(23C) (vi) of Income Tax Act: ITAT [Read Order]")
![ITAT quashes Reopening of Assessment against Aries Marketers [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/ITAT-reopening-of-the-assessment-Aries-Marketers-Taxscan.jpg "ITAT quashes Reopening of Assessment against Aries Marketers [Read Order]")
Interest on Deposits/FDR of Co-operative Bank eligible for Deduction u/s 80P(2)(d): ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Jaipur Bench held that the interest received by the assessee from the Cooperative Bank is eligible for deduction under section 80P(2)(d) of the Income Tax...
![Interest on Deposits/FDR of Co-operative Bank eligible for Deduction u/s 80P(2)(d): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/11/Interest-on-Deposits-FDR-Co-operative-Bank-eligible-for-deduction-Income-Tax-Act-ITAT-Taxscan.jpg "Interest on Deposits/FDR of Co-operative Bank eligible for Deduction u/s 80P(2)(d): ITAT [Read Order]")
Penalty under Section 271B can’t be levied for Failure to get Accounts Audited under Section 44AB: ITAT [Read Order]
In Roshini Devi vs. Income Tax Officer, the Jaipur Bench of the Income Tax Appellate Tribunal ( ITAT ) held that penalty under Section 271B of the Income Tax Act, 1961 cannot be levied for non-audit...
![Penalty under Section 271B can’t be levied for Failure to get Accounts Audited under Section 44AB: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/12/No-Penalty-Taxscan.jpg "Penalty under Section 271B can’t be levied for Failure to get Accounts Audited under Section 44AB: ITAT [Read Order]")
![Payment made for Acquiring Mining Rights is Capital Expenditure, No Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/01/Capital-Expenditure-Taxscan.jpg "Payment made for Acquiring Mining Rights is Capital Expenditure, No Deduction: ITAT [Read Order]")
Commissioner cannot invoke his Revisionary Jurisdiction If the matter has been already heard by CIT (A): ITAT [Read Order]
The Income Tax Appellate Tribunal Jaipur bench in its recent order observed that the Commissioner cannot invoke his Revisionary Jurisdiction under Section 263 of the Income Tax Act, 1961 if the matter...
![Commissioner cannot invoke his Revisionary Jurisdiction If the matter has been already heard by CIT (A): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/ITAT-Ahmedabad.jpg "Commissioner cannot invoke his Revisionary Jurisdiction If the matter has been already heard by CIT (A): ITAT [Read Order]")