![Capital Gain u/s 47(xiii) cant be attracted on Failure to prove Existence of Firm and its Succession with Company: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Capital-Gain-Failure-to-prove-Existence-of-Firm-and-its-Succession-with-Company-ITAT-TAXSCAN.jpg "Capital Gain u/s 47(xiii) cant be attracted on Failure to prove Existence of Firm and its Succession with Company: ITAT [Read Order]")
Capital Gain u/s 47(xiii) can't be attracted on Failure to prove Existence of Firm and its Succession with Company: ITAT [Read Order]
The Hyderabad bench of the Income Tax Appellate Tribunal (ITAT) held that the capital gain under Section 47(xiii) of the Income Tax Act, 1961 cannot...
![Denial of Exemption to Non-Resident on Failure to Produce Tax Residency Certificate Despite Best Efforts at Assessment / Appellate stage: ITAT directs Re-Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Denial-of-Exemption-to-Non-Resident-Tax-Residency-Certificate-Despite-Assessment-Appellate-ITAT-directs-Re-Adjudication-taxscan.jpg "Denial of Exemption to Non-Resident on Failure to Produce Tax Residency Certificate Despite Best Efforts at Assessment / Appellate stage: ITAT directs Re-Adjudication [Read Order]")
![Insurance Activities Carried out by Cooperative Society do not fall with Banking Business: ITAT upholds Disallowance of Deduction u/s 80P of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Insurance-Activities-Cooperative-Society-Banking-Business-ITAT-Disallowance-of-Deduction-Income-Tax-Act-TAXSCAN.jpg "Insurance Activities Carried out by Cooperative Society do not fall with Banking Business: ITAT upholds Disallowance of Deduction u/s 80P of Income Tax Act [Read Order]")
![ITAT grants one final chance for Document Submission after Multiple Opportunities: upholding Natural Justice [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/ITAT-grants-final-chance-Document-Submission-Multiple-Opportunities-upholding-Natural-Justice-TAXSCAN.jpg "ITAT grants one final chance for Document Submission after Multiple Opportunities: upholding Natural Justice [Read Order]")
![Interest paid towards late Payment of TDS is not Compensatory in Nature: ITAT confirms disallowance u/s 37(1) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Interest-paid-late-Payment-TDS-is-not-Compensatory-ITAT-confirms-disallowance-Income-Tax-Act-TAXSCAN.jpg "Interest paid towards late Payment of TDS is not Compensatory in Nature: ITAT confirms disallowance u/s 37(1) of Income Tax Act [Read Order]")
Cash Deposit in Bank by NRI: ITAT Deletes Addition u/s 68 of Income tax Act in absence of Source to use Cash [Read Order]
The Hyderabad bench of the Income Tax Appellate Tribunal (ITAT) held that an addition under Section 68 of the Income Tax Act, 1961 cannot be made in the absence of the source to use the cash...
![Cash Deposit in Bank by NRI: ITAT Deletes Addition u/s 68 of Income tax Act in absence of Source to use Cash [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Cash-Deposit-Bank-NRI-ITAT-Deletes-Addition-Income-tax-Act-absence-Source-use-Cash-taxscan.jpg "Cash Deposit in Bank by NRI: ITAT Deletes Addition u/s 68 of Income tax Act in absence of Source to use Cash [Read Order]")
SBI Short-Term Deposit rates Applicable to Determine Interest on Trade Receivables u/s 92B(1) of Income Tax Act: ITAT [Read Order]
The Hyderabad Bench of Income Tax Appellate Tribunal (ITAT) has held that the SBI short-term deposit rates would be applicable to determine the interest on trade receivables under Section 92B(1) of...
![SBI Short-Term Deposit rates Applicable to Determine Interest on Trade Receivables u/s 92B(1) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/SBI-Short-Term-Deposit-Applicable-Interest-Trade-Receivables-Income-Tax-Act-ITAT-TAXSCAN.jpg "SBI Short-Term Deposit rates Applicable to Determine Interest on Trade Receivables u/s 92B(1) of Income Tax Act: ITAT [Read Order]")
Failure to prove Reasonable Cause for not filing appeal: ITAT dismisses petition for Condonation of delay of 301 days [Read Order]
The Income Tax Appellate Tribunal (ITAT) Hyderabad bench while dismissing the petition for the delay of 301 days observed that the assessee failed to provide reasonable cause for not filing appeal...
![Failure to prove Reasonable Cause for not filing appeal: ITAT dismisses petition for Condonation of delay of 301 days [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Failure-prove-filing-appeal-ITAT-petition-Condonation-TAXSCAN.jpg "Failure to prove Reasonable Cause for not filing appeal: ITAT dismisses petition for Condonation of delay of 301 days [Read Order]")
Imposition of Penalty u/s 271(1) of Income Tax Act can't be made without Proper Record of Satisfaction: ITAT [Read Order]
The Hyderabad bench of the Income Tax Appellate Tribunal (ITAT) held that the imposition of the penalty under Section 271(1) of the Income Tax Act, 1961 cannot be made without a proper record of...
![Imposition of Penalty u/s 271(1) of Income Tax Act cant be made without Proper Record of Satisfaction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Imposition-Penalty-Imposition-of-Penalty-Income-Tax-Act-ITAT.jpg "Imposition of Penalty u/s 271(1) of Income Tax Act cant be made without Proper Record of Satisfaction: ITAT [Read Order]")
Application for Permanent Registration Cannot be Rejected for Selecting Wrong Form while Filling Application: ITAT Restores Matter to CIT (E) [Read Order]
The Hyderabad Bench of Income Tax Appellate Tribunal (ITAT) held that on account of the mistake committed by the assessee, while filing the application i.e. error in submitting the correct...
![Application for Permanent Registration Cannot be Rejected for Selecting Wrong Form while Filling Application: ITAT Restores Matter to CIT (E) [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Application-Permanent-Registration-Rejected-Selecting-Wrong-Filling-Application-ITAT-Restores-CIT-E-TAXSCAN.jpg "Application for Permanent Registration Cannot be Rejected for Selecting Wrong Form while Filling Application: ITAT Restores Matter to CIT (E) [Read Order]")
ITAT quashes Penalty imposed u/s 271D of Income Tax Act in Absence of Satisfaction in Assessment Order [Read Order]
The Hyderabad bench of the Income Tax Appellate Tribunal (ITAT) held that a penalty can’t be imposed under Section 271D of the Income Tax Act, 1961 if there is no satisfaction in the assessment...
![ITAT quashes Penalty imposed u/s 271D of Income Tax Act in Absence of Satisfaction in Assessment Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Assessment-Order-passed-without-enquiry-Assessment-Order-CFS-Charges-Continental-Warehousing-Corporation-ITAT-Revision-Order-taxscan.jpg "ITAT quashes Penalty imposed u/s 271D of Income Tax Act in Absence of Satisfaction in Assessment Order [Read Order]")