![ITAT Upholds Addition made by AO to Business Income of Bogus Purchase due to Non Submission of Necessary Documents [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/ITAT-Upholds-Addition-made-AO-Business-Income-Bogus-Purchase-due-Non-Submission-Necessary-Documents-TAXSCAN.jpg "ITAT Upholds Addition made by AO to Business Income of Bogus Purchase due to Non Submission of Necessary Documents [Read Order]")
ITAT Upholds Addition made by AO to Business Income of Bogus Purchase due to Non Submission of Necessary Documents [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT) upheld the addition made by the assessing officer to the business income of invalid...
![Additional Income Tax on Dividend paid by Domestic Company to Non-Resident Shareholders shall be at Rate Prescribed u/s115-O not DTAA: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/additional-income-tax-Dividend-domestic-company-non-resident-shareholders-income-tax-income-tax-taxscan.jpg "Additional Income Tax on Dividend paid by Domestic Company to Non-Resident Shareholders shall be at Rate Prescribed u/s115-O not DTAA: ITAT [Read Order]")
![No Income Tax Penalty if Addition is Made on Estimated Basis on Alleged Bogus Purchase: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/No-Income-Tax-Penalty-if-Addition-is-Made-on-Estimated-Basis-on-Alleged-Bogus-Purchase-Income-Tax-Penalty-Income-Tax-Penalty-Addition-Bogus-Purchase-ITAT-Taxscan.jpg "No Income Tax Penalty if Addition is Made on Estimated Basis on Alleged Bogus Purchase: ITAT [Read Order]")
![Initiating Penalty u/s 271(1)(c) of Income Tax Act without Valid Notice is Invalid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Penalty-Income-Tax-Act-Notice-ITAT-Taxscan.jpg "Initiating Penalty u/s 271(1)(c) of Income Tax Act without Valid Notice is Invalid: ITAT [Read Order]")
![ITAT Confirms Addition in respect of Commission Earned from 54 Paper Companies [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/ITAT-Addition-Commission-Paper-Companies-Taxscan.jpg "ITAT Confirms Addition in respect of Commission Earned from 54 Paper Companies [Read Order]")
![Interest Income earned by Co-operative Societies Eligible for Income Tax Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Interest-Income-Co-operative-Societies-Income-Tax-Deduction-Income-Tax-ITAT-taxscan.jpg "Interest Income earned by Co-operative Societies Eligible for Income Tax Deduction: ITAT [Read Order]")
Income earned by Co-operative Society on Investment held with Co-operative Bank can be allowed as Deduction u/s 80P(2)(d): ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that income earned by a Co-operative society on investment held with Co-operative Bank can be allowed as a deduction u/s 80 2)(d)...
![Income earned by Co-operative Society on Investment held with Co-operative Bank can be allowed as Deduction u/s 80P(2)(d): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Income-Income-earned-by-Co-operative-Society-Co-operative-Society-Investment-Co-operative-Bank-Deduction-ITAT-taxscan.jpg "Income earned by Co-operative Society on Investment held with Co-operative Bank can be allowed as Deduction u/s 80P(2)(d): ITAT [Read Order]")
Relief to Sir Ratan Tata Trust: No Conditions can be Imposed by PCIT Under Clause 1, Section 80G (V), for Granting Registration to Trusts, rules ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench, has recently, while deciding an appeal filed before it and thereby granting relief to Sir Ratan Tata Trust, held that no conditions can be...
![Relief to Sir Ratan Tata Trust: No Conditions can be Imposed by PCIT Under Clause 1, Section 80G (V), for Granting Registration to Trusts, rules ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Ratan-Tata-Trust-PCIT-Registration-Trusts-ITAT-taxscan.jpg "Relief to Sir Ratan Tata Trust: No Conditions can be Imposed by PCIT Under Clause 1, Section 80G (V), for Granting Registration to Trusts, rules ITAT [Read Order]")
TDS u/s 194I not applicable to Portion of Rent paid to AC maintenance, Housekeeping, Security, and Common Area Maintenance Charges: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) has held that the TDS provisions of section 194I of the Income Tax Act, 1961 is not applicable to AC maintenance, and common area...
![TDS u/s 194I not applicable to Portion of Rent paid to AC maintenance, Housekeeping, Security, and Common Area Maintenance Charges: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/TDS-Rent-AC-maintenance-housekeeping-security-ITAT-taxscan.jpg "TDS u/s 194I not applicable to Portion of Rent paid to AC maintenance, Housekeeping, Security, and Common Area Maintenance Charges: ITAT [Read Order]")
CIT(A) cannot disallow Compensation paid to Taparies When Complete list and evidence are submitted: ITAT [Read Order]
CIT(A) cannot disallow Compensation paid to Taparies When a Complete list and evidence are submitted by the assessee, the Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) held as above. ...
![CIT(A) cannot disallow Compensation paid to Taparies When Complete list and evidence are submitted: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/CITA-Compensation-Taparies-evidence-ITAT-taxscan.jpg "CIT(A) cannot disallow Compensation paid to Taparies When Complete list and evidence are submitted: ITAT [Read Order]")
Section 153C to be Applied for Assessment Proceedings Based on Material Seized from Third Party: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench, has recently, in an appeal filed before it, held that section 153c is to be applied for assessment proceedings, based on material seized from...
![Section 153C to be Applied for Assessment Proceedings Based on Material Seized from Third Party: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Assessment-ITAT-taxscan.jpg "Section 153C to be Applied for Assessment Proceedings Based on Material Seized from Third Party: ITAT [Read Order]")
No Change in Ownership and Character of Transaction made in Individual Capacity by making entries in accounts of Partnership Firm: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench held that no change in ownership and character of transaction made in individual capacity by making entries in accounts of partnership firm. ...
![No Change in Ownership and Character of Transaction made in Individual Capacity by making entries in accounts of Partnership Firm: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Transaction-accounts-Partnership-Firm-ITAT-taxscan.jpg "No Change in Ownership and Character of Transaction made in Individual Capacity by making entries in accounts of Partnership Firm: ITAT [Read Order]")