![Re-assessment u/s 147 of Income Tax Act After Expiry of Four years from End of Relevant Year of Assessment is Invalid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Re-assessment-Income-Tax-Act-After-Expiry-of-Four-years-from-End-of-Relevant-Year-of-Assessment-is-Invalid-ITAT-TAXSCAN.jpg "Re-assessment u/s 147 of Income Tax Act After Expiry of Four years from End of Relevant Year of Assessment is Invalid: ITAT [Read Order]")
Re-assessment u/s 147 of Income Tax Act After Expiry of Four years from End of Relevant Year of Assessment is Invalid: ITAT [Read Order]
The New Delhi bench of the Income Tax Appellate Tribunal (ITAT) held that the reopening of assessment under section 147 of the Income Tax Act,1961...
![No Addition can be made on Unaccounted Share Capital when it already Taxed under Category of ‘Source of Income’ : ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/No-Addition-Unaccounted-Share-Capital-Source-of-Income-Income-Tax-ITAT-taxscan.jpg "No Addition can be made on Unaccounted Share Capital when it already Taxed under Category of ‘Source of Income’ : ITAT [Read Order]")
![AO not bound to Make Enquiry unless Assessee has Discharged Initial Onus u/s 68: ITAT Upholds Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/AO-not-bound-to-Make-Enquiry-unless-Assessee-has-Discharged-Initial-Onus-us-68-ITAT-Upholds-Addition-TAXSCAN.jpg "AO not bound to Make Enquiry unless Assessee has Discharged Initial Onus u/s 68: ITAT Upholds Addition [Read Order]")
![A Mere Right to Sue Not Subject to Income Tax under Capital Gains, Not Transferable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/A-Mere-Right-to-Sue-Not-Subject-to-Income-Tax-under-Capital-Gains-Not-Transferable-ITAT-TAXSCAN.jpg "A Mere Right to Sue Not Subject to Income Tax under Capital Gains, Not Transferable: ITAT [Read Order]")
Mere non-compliance to Furnish Transportation details is not non-compliance of Section 194C(6) for Disallowance under Section 40(a)(ia): ITAT [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has held that mere non-compliance to furnish transportation details could not be said to be the non-compliance of Section 194C(6) of the Income...
![Mere non-compliance to Furnish Transportation details is not non-compliance of Section 194C(6) for Disallowance under Section 40(a)(ia): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Mere-non-compliance-to-furnish-transportation-Section-194C6-Disallowance-Section-40aia-ITAT-TAXSCAN.jpg "Mere non-compliance to Furnish Transportation details is not non-compliance of Section 194C(6) for Disallowance under Section 40(a)(ia): ITAT [Read Order]")
![S. 69A Addition cannot be Based on Surmises, Conjectures and Hypothesis: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/S-69A-Addition-Based-on-Surmises-Conjectures-Hypothesis-ITAT-TAXSCAN.jpg "S. 69A Addition cannot be Based on Surmises, Conjectures and Hypothesis: ITAT [Read Order]")
Lack of Motive behind Allegation of Assessee taking Accommodation Entries to Reduce Taxable Income: ITAT dismisses Revenue's Appeal [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has recently, in an appeal filed before it, on finding that there is lack of motive behind the allegation of the taking accommodation entries to...
![Lack of Motive behind Allegation of Assessee taking Accommodation Entries to Reduce Taxable Income: ITAT dismisses Revenues Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Accommodation-Entries-to-Reduce-Taxable-Income-ITAT-Revenues-Appeal-TAXSCAN.jpg "Lack of Motive behind Allegation of Assessee taking Accommodation Entries to Reduce Taxable Income: ITAT dismisses Revenues Appeal [Read Order]")
IT Support Services rendered by CPP UK from UK to Entire Group Including CPP India Not Taxable as FTS: ITAT [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has held that IT support services rendered by CPP UK from the UK to the entire group including CPP India would not be taxable as Fees...
![IT Support Services rendered by CPP UK from UK to Entire Group Including CPP India Not Taxable as FTS: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/IT-Support-Services-CPP-UK-Entire-Group-CPP-India-FTS-ITAT-Income-Tax-CPP-UK-from-UK-Support-Services-taxscan-.jpg "IT Support Services rendered by CPP UK from UK to Entire Group Including CPP India Not Taxable as FTS: ITAT [Read Order]")
Exemption u/s. 11 of the Act is allowable When Income Tax Return filed within specified Time Limit: ITAT [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has held that the exemption under section 11 of the Income Tax Act,1961 is allowable when a Income Tax Return is filed within the specified...
![Exemption u/s. 11 of the Act is allowable When Income Tax Return filed within specified Time Limit: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Exemption-Income-Tax-Return-ITAT-TAXSCAN.jpg "Exemption u/s. 11 of the Act is allowable When Income Tax Return filed within specified Time Limit: ITAT [Read Order]")
No Income Tax Addition for Cash Deposit during Demonetization duly explained with Cash Flow Statement: ITAT [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has held that Income Tax Addition for cash deposits duly explained with cash flow statements is not permissible. Smt. Perminder Kaur...
![No Income Tax Addition for Cash Deposit during Demonetization duly explained with Cash Flow Statement: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Income-Tax-Addition-Cash-Deposit-Demonetization-Cash-Flow-Statement-ITAT-taxscan.jpg "No Income Tax Addition for Cash Deposit during Demonetization duly explained with Cash Flow Statement: ITAT [Read Order]")
Penal Interest due to delay in Payment of Lease amount: ITAT directs to Capitalize under Project Expenses [Read Order]
The Income Tax Appellate Tribunal (ITAT), New Delhi Bench directed to capitalize under project expenses as there was Penal Interest due to delay in payment of lease amount. The assessee company,...
![Penal Interest due to delay in Payment of Lease amount: ITAT directs to Capitalize under Project Expenses [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Penal-Interest-Payment-Lease-amount-ITAT-Project-Expenses-taxscan.jpg "Penal Interest due to delay in Payment of Lease amount: ITAT directs to Capitalize under Project Expenses [Read Order]")