![Advance Tax Payment Not Required For Reassessment Proceedings: ITAT overrules CIT(A) Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Advance-Tax-Payment-Required-For-Reassessment-Proceedings-ITAT-overrules-CITA-Order-TAXSCAN.jpg "Advance Tax Payment Not Required For Reassessment Proceedings: ITAT overrules CIT(A) Order [Read Order]")
Advance Tax Payment Not Required For Reassessment Proceedings: ITAT overrules CIT(A) Order [Read Order]
The Indore bench of Income Tax Appellate Tribunal(ITAT) set aside the CIT(A)'s m order, noting that advance tax payment under Section...
![Section 263 Proceedings cannot Address issues Beyond Limited Scrutiny Under CASS: ITAT set aside Pr.CIT order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-ITAT-Indore-Pr.CIT-order-Section-263-Income-tax-act-Limited-Scrutiny-CASS-taxscan.jpg "Section 263 Proceedings cannot Address issues Beyond Limited Scrutiny Under CASS: ITAT set aside Pr.CIT order [Read Order]")
![Non-cooperation with Income Tax Assessment Proceedings, Relevant Details and Records Not Produced: ITAT Directs Re-Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/Non-cooperation-with-Income-Tax-Assessment-Proceedings-Income-Tax-Assessment-Proceedings-ITAT-taxscan.jpg "Non-cooperation with Income Tax Assessment Proceedings, Relevant Details and Records Not Produced: ITAT Directs Re-Adjudication [Read Order]")
![ITAT Annual Digest [Part 68]](https://www.taxscan.in/wp-content/uploads/2024/01/Income-Tax-ITAT-ITAT-news-2023-Tax-tribunal-updates-Taxscan-ITAT-analysis-Tax-tribunal-decisions-2023-TAXSCAN.jpg "ITAT Annual Digest [Part 68]")
![Claim of Credit of TCS by Individual License holder cant be allowed when it has already been allowed to Partnership Firm: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Claim-of-Credit-TCS-Individual-License-holder-Partnership-Firm-ITAT-TAXSCAN.jpg "Claim of Credit of TCS by Individual License holder cant be allowed when it has already been allowed to Partnership Firm: 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 the assessee-company on the account of amalgamation...
![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]")
Mere Mistake in Form 35 does not result in Deficient Appeal: ITAT grants another Opportunity to rectify Mistake [Read Order]
The Indore bench of the Income Tax Appellate Tribunal (ITAT) held that the mere mistake in form 35 does not result in a deficient appeal hence allowed one more opportunity to the assessee to rectify...
![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]
The Income Tax Appellate Tribunal (ITAT) Indore bench held that excess cash found during course of survey should not be taxed under head of business income .Therefore it would attract higher...
![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]
The Income Tax Appellate Tribunal (ITAT), Indore bench held that subsidies received under Industrial promotion scheme is revenue in nature. The subsidies are provided to assessee for initial support...
![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]
The Income Tax Appellate Tribunal (ITAT), Indore bench held that subsidies received from the government of Maharashtra under package scheme incentive is capital receipt. The decision was based on...
![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]")