Failure to explain Large Share Premium received: ITAT upholds addition
The Kolkata Bench of Income Tax Appellate Tribunal (ITAT) upheld the addition made by the lower authority due to failure to explain the large share...
![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]](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]")
![ITAT confirms Penalty for Deliberate Concealment of Income u/s 271(1)(c) [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/ITAT-confirms-Penalty-for-Deliberate-Concealment-of-Income-ITAT-Penalty-Income-Concealment-of-Income-Taxscan.jpg "ITAT confirms Penalty for Deliberate Concealment of Income u/s 271(1)(c) [Read Order]")
![ITAT dismisses Appeal on Lapse of more than 2 years to Substitute Name of Legal Heirs for Deceased Assessee [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/ITAT-Appeal-Substitute-Name-of-Legal-Heirs-for-Deceased-Assessee-TAXSCAN.jpg "ITAT dismisses Appeal on Lapse of more than 2 years to Substitute Name of Legal Heirs for Deceased Assessee [Read Order]")
Deposit of Huge Amount of SBN Notes in Bank Account: ITAT Confirms Income Tax Addition, Directs Authorities to Investigate Role of Bank Employees
While upholding an addition under section 68 of the Income Tax Act, 1961, the Income Tax Appellate Tribunal (ITAT), Hyderabad bench has directed the concerned authorities to investigate the role of...
ITAT grants Opportunity to Assessee for Appearance before CIT(A) being Senior Citizen and not aware Digital Communication [Read Order]
The Hyderabad Bench of the Income Tax Appellate Tribunal (ITAT), granted opportunity to assessee for appearance before Commissioner of Income Tax (Appeals) (CIT(A)) being Senior citizen and not aware...
![ITAT grants Opportunity to Assessee for Appearance before CIT(A) being Senior Citizen and not aware Digital Communication [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/ITAT-CITA-being-Senior-Citizen-Digital-Communication-TAXSCAN.jpg "ITAT grants Opportunity to Assessee for Appearance before CIT(A) being Senior Citizen and not aware Digital Communication [Read Order]")
Expenditure incurred for Construction of a New Facility and subsequently abandoned at Work-in-progress stage is allowable as Revenue Expenditure: ITAT [Read Order]
The Hyderabad bench of the Income Tax Appellate Tribunal (ITAT) has held that expenditure incurred for construction of a new facility and subsequently abandoned at work-in-progress stage is allowable...
![Expenditure incurred for Construction of a New Facility and subsequently abandoned at Work-in-progress stage is allowable as Revenue Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Expenditure-Construction-Facility-Revenue-Expenditure-ITAT-Income-Tax-taxscan.jpg "Expenditure incurred for Construction of a New Facility and subsequently abandoned at Work-in-progress stage is allowable as Revenue Expenditure: ITAT [Read Order]")
WDV has to be Calculated When Assessee receives Income from Software Services related to Health Care, CIT(A) failed to quantify rate of Depreciation and WDV of Asset: ITAT
The Hyderabad bench of the Income Tax Appellate Tribunal(ITAT) has held that Written Down Value(WDV) has to be calculated when the assessee receives income from software services related to health...
Delay Condonation cannot be done without proving ‘Reasonable Cause’: ITAT refuses to Condone Delay of 2886 Days [Read Order]
The Income Tax Appellate Tribunal (ITAT), Hyderabad Bench, has recently in appeals filed before it, while refusing to condone a delay of 2886 days, held that delay condonation cannot be done without...
![Delay Condonation cannot be done without proving ‘Reasonable Cause’: ITAT refuses to Condone Delay of 2886 Days [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Delay-Condonation-Reasonable-Cause-ITAT-Condone-Delay-TAXSCAN-1.jpg "Delay Condonation cannot be done without proving ‘Reasonable Cause’: ITAT refuses to Condone Delay of 2886 Days [Read Order]")
![Relief to Facebook: ITAT directs to conduct enquiry on deduction of TDS [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Facebook-ITAT-enquiry-deduction-TDS-TAXSCAN.jpg "Relief to Facebook: ITAT directs to conduct enquiry on deduction of TDS [Read Order]")