![Powers of CIT (A) coterminous with that of AO: ITAT upholds CIT(A) Order u/s 250 [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/Powers-of-CIT-A-CIT-A-AO-ITAT-CITA-Order-taxscan.jpg "Powers of CIT (A) coterminous with that of AO: ITAT upholds CIT(A) Order u/s 250 [Read Order]")
"Powers of CIT (A) coterminous with that of AO": ITAT upholds CIT(A) Order u/s 250 [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal (ITAT) while upheld the order of Commissioner of Income Tax (Appeal) passed under section 250 of...
![Addition as Unexplained Purchase Expenses shall be made on failure to Establish any Evidence for Eviction of Encroacher: ITAT grants another Opportunity to Assessee [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Addition-Unexplained-Purchase-Purchase-Expenses-Evidence-for-Eviction-of-Encroacher-ITAT-ITAT-mumbai-taxscan.jpg "Addition as Unexplained Purchase Expenses shall be made on failure to Establish any Evidence for Eviction of Encroacher: ITAT grants another Opportunity to Assessee [Read Order]")
![Inability to Produce parties of Bogus Purchases and Requesting AO for Additions to Returned Income: ITAT restricted Addition from 12.5% to 6% [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Inability-Produce-parties-of-Bogus-Purchases-Requesting-Returned-Income-ITAT-restricted-TAXSCAN.jpg "Inability to Produce parties of Bogus Purchases and Requesting AO for Additions to Returned Income: ITAT restricted Addition from 12.5% to 6% [Read Order]")
![Change in Individual Shareholding of Shareholders doesnt attract Section 79 of Income Tax Act: ITAT Allows Set off of Brought Forward Lossess [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Change-Individual-Shareholding-Shareholders-attract-Income-Tax-Act-ITAT-Allows-Set-off-Brought-Forward-Lossess-taxscan.jpg "Change in Individual Shareholding of Shareholders doesnt attract Section 79 of Income Tax Act: ITAT Allows Set off of Brought Forward Lossess [Read Order]")
![Registration u/s 12 of Income Tax Act cannot be Denied without Providing Reasonable Opportunity of being Heard to Assessee: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Registration-Income-Tax-Act-Opportunity-of-being-Heard-to-Assessee-Income-Tax-ITAT-taxscan.jpg "Registration u/s 12 of Income Tax Act cannot be Denied without Providing Reasonable Opportunity of being Heard to Assessee: ITAT [Read Order]")
Loan Advanced to Non-Relative Partner of Company without Securing Interest in Absence of Registered Documents: ITAT directs Re-Adjudication [Read Order]
The Income Tax Appellate Tribunal (ITAT) Delhi Bench while directing re-adjudication in cases related to loan advanced to Non-relative partners of the company without securing interest in...
![Loan Advanced to Non-Relative Partner of Company without Securing Interest in Absence of Registered Documents: ITAT directs Re-Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Loan-Re-adjudication-ITAT-ITAT-directs-Re-Adjudication-Absence-of-Registered-Documents-Taxscan.jpg "Loan Advanced to Non-Relative Partner of Company without Securing Interest in Absence of Registered Documents: ITAT directs Re-Adjudication [Read Order]")
Inability to Generate Income from Software Not a Ground to Deny Depreciation Claim: ITAT rules in favour of Rapipay [Read Order]
Infavour of RapipayFinvest, the Delhi bench of the Income Tax Appellate Tribunal (ITAT) ruled that the inability to generate income from software is not a ground to deny a depreciation claim. The...
![Inability to Generate Income from Software Not a Ground to Deny Depreciation Claim: ITAT rules in favour of Rapipay [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Income-Software-Depreciation-Claim-ITAT-Rapipay-TAXSCAN.jpg "Inability to Generate Income from Software Not a Ground to Deny Depreciation Claim: ITAT rules in favour of Rapipay [Read Order]")
ITAT grants Full Credit of TDS as Commission Income is not ‘Managerial Service’ under India Germany DTAA [Read Order]
The Income Tax Appellate Tribunal (ITAT), New Delhi Bench granted full credit of TDS on the ground that Commission Income is not ‘managerial service’ under India Germany Double Taxation Avoidance...
![ITAT grants Full Credit of TDS as Commission Income is not ‘Managerial Service’ under India Germany DTAA [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/ITAT-TDS-Commission-Income-India-Germany-DTAA-taxscan.jpeg "ITAT grants Full Credit of TDS as Commission Income is not ‘Managerial Service’ under India Germany DTAA [Read Order]")
Notice u/s 274 Fails to specify Concealment or Furnishing Inaccurate Particulars of Income: ITAT deletes Penalty imposed u/s 271(1)(c) [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench presided by Mr. N.K. Billaiya, Accountant Member, and Mr. N.K. Choudhry, Judicial Member has deleted the penalty imposed under section 271(1)(c)...
![Notice u/s 274 Fails to specify Concealment or Furnishing Inaccurate Particulars of Income: ITAT deletes Penalty imposed u/s 271(1)(c) [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Notice-Concealment-Income-ITAT-Penalty-taxscan.jpg "Notice u/s 274 Fails to specify Concealment or Furnishing Inaccurate Particulars of Income: ITAT deletes Penalty imposed u/s 271(1)(c) [Read Order]")
Payment of Incidental Charges to Arbitration: Professional Fee Bill cannot be rejected based on Narration of Payee, rules ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) while allowing the payment of incidental charges in relation to arbitration proceedings observing that professional fee bill cannot be...
![Payment of Incidental Charges to Arbitration: Professional Fee Bill cannot be rejected based on Narration of Payee, rules ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Payment-Incidental-Charges-Professional-Fee-Bill-Payee-ITAT-Arbitration-Taxscan.jpeg "Payment of Incidental Charges to Arbitration: Professional Fee Bill cannot be rejected based on Narration of Payee, rules ITAT [Read Order]")
Computation of Income u/s 44BBB on bonafide belief that Assessee does not have PE in India: ITAT deletes Penalty against Lahmeyer Holding GambH [Read Order]
In a major relief to Lahmeyer Holding GambH, the ITAT, Delhi bench has held that the penalty cannot be levied based on the fact that the assessee opted to compute income under section 44BBB of the...
![Computation of Income u/s 44BBB on bonafide belief that Assessee does not have PE in India: ITAT deletes Penalty against Lahmeyer Holding GambH [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Computation-of-Income-bonafide-Assessee-PE-in-India-ITAT-deletes-Penalty-Lahmeyer-Holding-GambH-Taxscan.jpeg "Computation of Income u/s 44BBB on bonafide belief that Assessee does not have PE in India: ITAT deletes Penalty against Lahmeyer Holding GambH [Read Order]")
Penalty Notice without specifying the Charge proves Non-application of Mind, Invalid: ITAT [Read Order]
The New Delhi bench of the ITAT has held that a penalty notice, issued in a stereotyped manner without specifying the specific limb as mentioned in section 271(1)(c) of the Income Tax Act, 1961 shall...
![Penalty Notice without specifying the Charge proves Non-application of Mind, Invalid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Penalty-Notice-Non-application-ITAT-Taxscan.jpg "Penalty Notice without specifying the Charge proves Non-application of Mind, Invalid: ITAT [Read Order]")