![ITAT sets aside Penalty Order on existence of Ambiguity for AO on Charge u/s 271(1)(c) [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/ITAT-penalty-existence-ambiguity-TAXSCAN.jpg "ITAT sets aside Penalty Order on existence of Ambiguity for AO on Charge u/s 271(1)(c) [Read Order]")
ITAT sets aside Penalty Order on existence of Ambiguity for AO on Charge u/s 271(1)(c) [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench set aside penalty order on existence of ambiguity in the mind of Assessing Officer on charge...
![No Tax Liability on Compensation received towards Interest cost, Insurance cost, Cost of Modification and Validation of the Assets, Warranty, Restating, etc.: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Tax-Liability-Compensation-Interest-cost-Insurance-cost-Modification-Assets-Warranty-ITAT-taxscan.jpg "No Tax Liability on Compensation received towards Interest cost, Insurance cost, Cost of Modification and Validation of the Assets, Warranty, Restating, etc.: ITAT [Read Order]")
![Accounts were closed prior to Write-off of Advances: ITAT upholds Disallowance of Write-off [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Accounts-advances-ITAT-Write-off-taxscan.jpg "Accounts were closed prior to Write-off of Advances: ITAT upholds Disallowance of Write-off [Read Order]")
![No Evidence of Remission or Cessation of Liability: ITAT deletes Addition of Liability as Profits chargeable to Tax u/s 41(1) [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Evidence-ITAT-Tax-taxscan.jpeg "No Evidence of Remission or Cessation of Liability: ITAT deletes Addition of Liability as Profits chargeable to Tax u/s 41(1) [Read Order]")
![Delay of 163 days due to Late Receipt of Intimation u/s 143(1) via E-Mail: ITAT allows delay Condonation Petition filed by IOB Employees Co-operative Society [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/receipt-of-intimation-ITAT-condonation-petition-IOB-Employees-Co-operative-Society-taxscan.jpg "Delay of 163 days due to Late Receipt of Intimation u/s 143(1) via E-Mail: ITAT allows delay Condonation Petition filed by IOB Employees Co-operative Society [Read Order]")
![Conditions to grant Registration of Charitable Trust cant go beyond the Scheme of Law: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/registration-charitable-trust-ITAT-taxscan.jpg "Conditions to grant Registration of Charitable Trust cant go beyond the Scheme of Law: ITAT [Read Order]")
Activity of Pharmacy is incidental to the purpose of Running Hospital: ITAT allows Income Tax Exemption [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that the activity of pharmacy is incidental to the purpose of running the hospital for the purpose of cliaming income tax...
![Activity of Pharmacy is incidental to the purpose of Running Hospital: ITAT allows Income Tax Exemption [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/pharmacy-hospital-ITAT-taxscan.jpg "Activity of Pharmacy is incidental to the purpose of Running Hospital: ITAT allows Income Tax Exemption [Read Order]")
Notional Valuation cannot be made a Basis for Addition: ITAT deletes Addition of Closing Construction WIP [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench has held that notional valuation cannot be made a basis for addition and deletes addition of closing construction work-in-progress (WIP). The...
![Notional Valuation cannot be made a Basis for Addition: ITAT deletes Addition of Closing Construction WIP [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Notional-Valuation-ITAT-Construction-WIP-taxscan.jpg "Notional Valuation cannot be made a Basis for Addition: ITAT deletes Addition of Closing Construction WIP [Read Order]")
Addition of Reimbursement of Salary to Seconded Employee u/s 40(a)(ia): ITAT Remand matter back to AO [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench has remanded the matter back to the Assessing Officer in the case of addition of reimbursement of salary to the seconded employee under section...
![Addition of Reimbursement of Salary to Seconded Employee u/s 40(a)(ia): ITAT Remand matter back to AO [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Reimbursement-of-Salary-ITAT-AO-taxscan.jpg "Addition of Reimbursement of Salary to Seconded Employee u/s 40(a)(ia): ITAT Remand matter back to AO [Read Order]")
![ITAT dismisses Appeals on Failure of Resolution Professional to Amend Form No 36A [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/ITAT-resolution-professional-Form-No36A-taxscan.jpg "ITAT dismisses Appeals on Failure of Resolution Professional to Amend Form No 36A [Read Order]")
Reliance on retracted Statements, Documents retrieved from Computer without following due procedure is invalid: CESTAT [Read Order]
Reliance on retracted statements, documents retrieved from computer without following due procedure is invalid, so was held by Customs Excise and Service Tax Appellate Tribunal (CESTAT), Mumbai. ...
![Reliance on retracted Statements, Documents retrieved from Computer without following due procedure is invalid: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/retracted-statements-documents-computer-CESTAT-taxscan.jpeg "Reliance on retracted Statements, Documents retrieved from Computer without following due procedure is invalid: CESTAT [Read Order]")
Penalty levied by SEBI for shortfall in margin money eligible for Deduction u/s 37: ITAT [Read Order]
Income Tax Appellate Tribunal (ITAT), Mumbai held that penalty levied by SEBI for shortfall in margin money eligible for Deduction u/s 37. The assessee company, DJS Stock and Shares Ltd is engaged...
![Penalty levied by SEBI for shortfall in margin money eligible for Deduction u/s 37: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Penalty-SEBI-Deduction-ITAT-taxscan.jpg "Penalty levied by SEBI for shortfall in margin money eligible for Deduction u/s 37: ITAT [Read Order]")