![Income Tax Act is a Welfare Legislation, Practical Difficulties of Assessee shall be Considered: ITAT condones Delay in filing Audit Report due to Illness of Accountant [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Income-Tax-Act-Legislation-Assessee-ITAT-Audit-Report-Accountant-taxscan.jpeg "Income Tax Act is a Welfare Legislation, Practical Difficulties of Assessee shall be Considered: ITAT condones Delay in filing Audit Report due to Illness of Accountant [Read Order]")
Income Tax Act is a Welfare Legislation, Practical Difficulties of Assessee shall be Considered: ITAT condones Delay in filing Audit Report due to Illness of Accountant [Read Order]
While delivering another assessee-friendly ruling, the Income Tax Appellate Tribunal (ITAT), Pune bench has condoned a delay in filing audit report...
![Section 147 is not an Alternative to Section 263: ITAT quashes Assessment Order u/s 147 without Jurisdiction [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/ITAT-Assessment-order-Jurisdiction-taxscan.jpeg "Section 147 is not an Alternative to Section 263: ITAT quashes Assessment Order u/s 147 without Jurisdiction [Read Order]")
![ITAT quashes Reassessment Order based on invalid Re-Assessment Notice issued without Jurisdiction [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/ITAT-invalid-re-assessment-Jurisdiction-taxscan.jpeg "ITAT quashes Reassessment Order based on invalid Re-Assessment Notice issued without Jurisdiction [Read Order]")
![Assessing Officer cannot rectify an Order u/s 154 to Enhance Assessed Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Assessing-Officer-Assessed-Income-ITAT-taxscan.jpg "Assessing Officer cannot rectify an Order u/s 154 to Enhance Assessed Income: ITAT [Read Order]")
![Original Assessment completed with Adequate Inquiry and Examination of Facts: ITAT quashes Revision Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Assessment-Inquiry-Examination-ITAT-Revision-taxscan.jpeg "Original Assessment completed with Adequate Inquiry and Examination of Facts: ITAT quashes Revision Order [Read Order]")
Charitable Trust engaged solely in Educational Purposes can avail Exemption under Income Tax Act: ITAT [Read Order]
The Rajkot Bench of Income Tax Appellate Tribunal (ITAT) has held that a Charitable trust engaged solely in educational purposes can avail exemption under section 10(23C)(vi) of the Income Tax Act,...
![Charitable Trust engaged solely in Educational Purposes can avail Exemption under Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Charitable-Trust-Educational-Purposes-avail-Exemption-Income-Tax-Act-ITAT-taxscan.jpg "Charitable Trust engaged solely in Educational Purposes can avail Exemption under Income Tax Act: ITAT [Read Order]")
![Insurance Subsidy received from Government Eligible for Deduction u/s 80IC: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Insurance-subsidy-Government-Eligible-deduction-ITAT-taxscan-.jpeg "Insurance Subsidy received from Government Eligible for Deduction u/s 80IC: ITAT [Read Order]")
Govt Securities are classifiable under the AFS category: ITAT confirms Deduction allowed for Loss of Government Securities
The Income Tax Appellate Tribunal (ITAT), Vishakhapatnam bench has held that Government Securities are classifiable under the “Available For Sale”(AFS)category and confirms the order of deduction...
![Husband can claim Capital Gain Exemption for Investment made in the name of Wife: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Income-Tax-Deduction-claim-Capital-Gain-Exemption-Investment-ITAT-taxscan.jpeg "Husband can claim Capital Gain Exemption for Investment made in the name of Wife: ITAT [Read Order]")
Re-Assessment based on Wrong Assumption and Information from Another Assessing Officer is Invalid: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai bench has held that the reopening of assessment based on wrong assumption and information received from another assessing officer shall be treated as...
![Re-Assessment based on Wrong Assumption and Information from Another Assessing Officer is Invalid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Re-Assessment-Assessing-Officer-ITAT-taxscan.jpeg "Re-Assessment based on Wrong Assumption and Information from Another Assessing Officer is Invalid: ITAT [Read Order]")
![‘Royalty’ cannot be attributed to providing Customized Research Advisory Services: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Royalty-Customized-Research-Advisory-Services-ITAT-taxscan.jpeg "‘Royalty’ cannot be attributed to providing Customized Research Advisory Services: ITAT [Read Order]")
Appointment of Member of Indian Legal Service as Judicial Member: Madras HC Invalidates S. 32(2) of Benami Transaction Act [Read Judgment]
A two-judge bench of the Madras High Court has invalidated section 32(2) of the Benami Transaction Act held that the Member of Indian Legal Service shall not be appointed as a Judicial Member. The...
