Setback to Moraj Group Director Priya Mohan Gurnani: No Fresh Notice required u/s 143(2) of IT Act on Change of Income Tax Officer
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) held that no fresh notice was required to be issued under Section 143(2) of the Income...
![Payment from SET Satellite (Singapore) P. ltd are not Taxable as ‘royalty’ under Article 12(2) of India-Singapore Treaty: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/India-Singapore-Treaty-Payment-from-SET-Satelli-royalty-under-Article-12-taxscan.jpg "Payment from SET Satellite (Singapore) P. ltd are not Taxable as ‘royalty’ under Article 12(2) of India-Singapore Treaty: ITAT [Read Order]")
![ITAT quashes levy of Penalty u/s 271(1)(c) of Income Tax Act on ground of Absence of Proper Opportunity of Hearing [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Penalty-Mumbai-bench-tax-news-Income-Tax-Act-taxscan.jpg "ITAT quashes levy of Penalty u/s 271(1)(c) of Income Tax Act on ground of Absence of Proper Opportunity of Hearing [Read Order]")
![Expenditure pertaining to Consultancy fees can be treated as Revenue Expenditure are eligible for deduction u/s. 37(1) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Expenditure-pertaining-Consultancy-fees-Revenue-Expenditure-Income-Tax-Act-ITAT-Income-Appellate-taxscan-1.jpg "Expenditure pertaining to Consultancy fees can be treated as Revenue Expenditure are eligible for deduction u/s. 37(1) of Income Tax Act: ITAT [Read Order]")
ITAT upholds Addition on LTCG u/s 50C based on Unregistered Deeds merely Entered in Judicial Stamp Papers [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has upheld the addition of Long-Term Capital Gain (LTCG) under Section 50C of the Income Tax Act based on the unregistered deed merely entered...
![ITAT upholds Addition on LTCG u/s 50C based on Unregistered Deeds merely Entered in Judicial Stamp Papers [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/ITAT-Addition-on-LTCG-Unregistered-Deeds-merely-Entered-in-Judicial-Stamp-Papers-TAXSCAN.jpg "ITAT upholds Addition on LTCG u/s 50C based on Unregistered Deeds merely Entered in Judicial Stamp Papers [Read Order]")
Relief to MSEDCL: ITAT deletes disallowance of Net Prior Period Expenditure debited under the head ‘prior Period Expenses’ [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai bench while granting relief to Maharashtra state electricity board deleted the disallowance of net prior period expenditure debited under the head of...
![Relief to MSEDCL: ITAT deletes disallowance of Net Prior Period Expenditure debited under the head ‘prior Period Expenses’ [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/MSEDCL-ITAT-Net-Prior-Period-Expenditure-prior-Period-Expenses-taxscan.jpg "Relief to MSEDCL: ITAT deletes disallowance of Net Prior Period Expenditure debited under the head ‘prior Period Expenses’ [Read Order]")
ITAT directs Readjudication in respect of deletion of Addition by CIT(A) made towards High Sea sales without giving proper Reasons [Read Order]
The Income Tax Appellate Tribunal (ITAT ) Mumbai bench directed readjudication in respect of deletion of addition made towards the High Sea sales by the CIT(A) without giving proper reason. ...
![ITAT directs Readjudication in respect of deletion of Addition by CIT(A) made towards High Sea sales without giving proper Reasons [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/ITAT-directs-Readjudication-deletion-of-Addition-by-CITA-High-Sea-sales-ITAT-taxscan.jpg "ITAT directs Readjudication in respect of deletion of Addition by CIT(A) made towards High Sea sales without giving proper Reasons [Read Order]")
Failure of AO to provide Sufficient Time for required details Prevents Verification at the Time of Assessment: ITAT directs Readjudication [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) restored the file of the Assessing Officer (AO) for deciding afresh after examination of the relevant supporting details filed by the...
![Failure of AO to provide Sufficient Time for required details Prevents Verification at the Time of Assessment: ITAT directs Readjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Failure-AO-provide-sufficient-time-details-prevents-verification-assessment-ITAT-readjudication-TAXSCAN-1.jpg "Failure of AO to provide Sufficient Time for required details Prevents Verification at the Time of Assessment: ITAT directs Readjudication [Read Order]")
![Assessment Order in Name of Non-existing Entity is Void: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Assessment-Order-Name-of-Non-existing-Entity-is-Void-ITAT-TAXSCAN.jpg "Assessment Order in Name of Non-existing Entity is Void: ITAT [Read Order]")
Non-Compliance of Notice issued by CIT(A) during appeal proceedings: ITAT directs to Deposit Cost of Rs. 20,000 in PM Relief Fund [Read Order]
The Income Tax Appellate Tribunal (ITAT) Mumbai Bench directed the deposit cost of Rs. 20,000/ in Prime Minister Relief Fund due to non-compliance of notice issued by the CIT(A) during appeal...
![Non-Compliance of Notice issued by CIT(A) during appeal proceedings: ITAT directs to Deposit Cost of Rs. 20,000 in PM Relief Fund [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Non-Compliance-Notice-appeal-proceedings-ITAT-Deposit-Cost-PM-Relief-Fund-TAXSCAN-.jpg "Non-Compliance of Notice issued by CIT(A) during appeal proceedings: ITAT directs to Deposit Cost of Rs. 20,000 in PM Relief Fund [Read Order]")
![AO Must Verify Source of Cash Deposits Made During Demonetization Period: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/AO-Verify-Source-Cash-Deposits-Demonetization-Period-ITAT-taxscan.jpg "AO Must Verify Source of Cash Deposits Made During Demonetization Period: ITAT [Read Order]")