![Capital Grant Receipt for Assets with Depreciation Rate Differing from 15% to be Calculated to Applicable Rate: ITAT directs Re-Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/ITAT-ITAT-Ahmedabad-Capital-Grant-Receipt-Income-Tax-TAXSCAN.jpg "Capital Grant Receipt for Assets with Depreciation Rate Differing from 15% to be Calculated to Applicable Rate: ITAT directs Re-Adjudication [Read Order]")
Capital Grant Receipt for Assets with Depreciation Rate Differing from 15% to be Calculated to Applicable Rate: ITAT directs Re-Adjudication [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal ( ITAT ) directed re-adjudication for the calculation of capital grant receipts for assets...
![Recovery Proceedings under Income Tax Act during pendency of Stay Application: Kerala HC directs to Decide Appeal within 3 months [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Recovery-Proceedings-Income-Tax-Act-during-pendency-of-Stay-Application-Kerala-HC-directs-to-Decide-Appeal-TAXSCAN.jpg "Recovery Proceedings under Income Tax Act during pendency of Stay Application: Kerala HC directs to Decide Appeal within 3 months [Read Order]")
![ITAT sets aside order of CIT(A) for prevention of any dispute arising out of applicability of Section 68 in favor of natural justice [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/ITAT-sets-aside-order-of-CITA-for-prevention-of-any-dispute-arising-out-of-applicability-favor-of-natural-justice-TAXSCAN-1.jpg "ITAT sets aside order of CIT(A) for prevention of any dispute arising out of applicability of Section 68 in favor of natural justice [Read Order]")
![No disallowance shall be made towards processed payment of employees contribution to EPF within expiry of time limit: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/disallowance-No-disallowance-payment-employees-contribution-ITAT-taxscan.jpg "No disallowance shall be made towards processed payment of employees contribution to EPF within expiry of time limit: ITAT [Read Order]")
![Fraudulent Refund by Increasing Deductions and Reducing Taxable Income is Fraud committed against Dept to Evade Income Tax: ITAT upholds Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Fraudulent-Refund-Increasing-Deductions-and-Reducing-Taxable-Income-is-Fraud-committed-Dept-to-Evade-Income-Tax-ITAT-Upholds-Penalty-TAXSCAN.jpg "Fraudulent Refund by Increasing Deductions and Reducing Taxable Income is Fraud committed against Dept to Evade Income Tax: ITAT upholds Penalty [Read Order]")
Not Every Deposit during Demonetization Period will under category of Unaccounted Cash: ITAT directs Re-Adjudication [Read Order]
The Income Tax Appellate Tribunal (ITAT) of Bangalore Bench held that the payment of bonus made to employees before the due date of filing a return of income under Section 139(1) of Income Tax Act...
![Not Every Deposit during Demonetization Period will under category of Unaccounted Cash: ITAT directs Re-Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Not-Every-Deposit-during-Demonetization-Period-will-under-category-of-Unaccounted-Cash-Demonetization-ITAT-directs-Re-Adjudication-Re-Adjudication-ITAT-Unaccounted-Cash-Taxscan.jpg "Not Every Deposit during Demonetization Period will under category of Unaccounted Cash: ITAT directs Re-Adjudication [Read Order]")
Addition made by AO on Ground of Non Reply of Notice issued During Assessment Proceedings: ITAT Directs Re-adjudication [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) directed the assessing officer to re-adjudicate the addition made on the ground of non-reply of notice issued during the assessment...
![Addition made by AO on Ground of Non Reply of Notice issued During Assessment Proceedings: ITAT Directs Re-adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Notice-issued-During-Assessment-Proceedings-Notice-Assessment-Proceedings-Assessment-ITAT-Directs-Re-adjudication-ITAT-Re-adjudication-taxscan.jpg "Addition made by AO on Ground of Non Reply of Notice issued During Assessment Proceedings: ITAT Directs Re-adjudication [Read Order]")
Interest Income earned on Fixed Deposits with Cooperative/Scheduled Bank eligible for Deduction u/s 80P(2)(a)(i) of Income Tax Act: ITAT [Read Order]
The Pune bench of Income Tax Appellate Tribunal (ITAT) has recently held that interest income earned on fixed deposits with the cooperative /scheduled bank is eligible for deduction under Section 80P...
![Interest Income earned on Fixed Deposits with Cooperative/Scheduled Bank eligible for Deduction u/s 80P(2)(a)(i) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Interest-Income-earned-on-Fixed-Deposits-with-Cooperative-Scheduled-Bank-eligible-for-Deduction-Income-Tax-Act-ITAT-TAXSCAN.jpg "Interest Income earned on Fixed Deposits with Cooperative/Scheduled Bank eligible for Deduction u/s 80P(2)(a)(i) of Income Tax Act: ITAT [Read Order]")
Penalty Not Imposable for Non-Submission of Audit Report due to Reasonable Cause u/s 273B of IT Act: ITAT [Read Order]
The New Delhi bench of the Income Tax Appellate Tribunal(ITAT) held that no penalty shall be imposed for non-submission of audit reports due to reasonable cause under section 273B of the Income Tax...
![Penalty Not Imposable for Non-Submission of Audit Report due to Reasonable Cause u/s 273B of IT Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Penalty-Not-Imposable-for-Non-Submission-of-Audit-Report-due-to-Reasonable-Cause-IT-Act-ITAT-TAXSCAN.jpg "Penalty Not Imposable for Non-Submission of Audit Report due to Reasonable Cause u/s 273B of IT Act: ITAT [Read Order]")
Use of Vehicles by Directors / Employees as per Terms and Conditions of Employment is not Personal use: ITAT sets aside Disallowance of Vehicle Expenses Incurred [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune Bench, has recently, in an appeal filed before it, while setting aside the disallowance of vehicle expenses incurred, held that the use of vehicles by...
![Use of Vehicles by Directors / Employees as per Terms and Conditions of Employment is not Personal use: ITAT sets aside Disallowance of Vehicle Expenses Incurred [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Use-of-Vehicles-by-Directors-Terms-and-Conditions-of-Employment-Terms-and-Conditions-Employment-Personal-use-Employment-is-not-Personal-use-ITAT-Disallowance-of-Vehicle-Expenses-Disallowance-taxscan-1.jpg "Use of Vehicles by Directors / Employees as per Terms and Conditions of Employment is not Personal use: ITAT sets aside Disallowance of Vehicle Expenses Incurred [Read Order]")
Penalty u/s 271(1)(c) not Leviable When no Inaccurate Particulars of Income are Furnished by the Assessee: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench, has recently, in an appeal filed before it, held that penalty under Section 271(1)(c) of the Income Tax Act is not leviable when no...
![Penalty u/s 271(1)(c) not Leviable When no Inaccurate Particulars of Income are Furnished by the Assessee: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Penalty-Inaccurate-Particulars-of-Income-are-Furnished-by-the-Assessee-ITAT-TAXSCAN.jpg "Penalty u/s 271(1)(c) not Leviable When no Inaccurate Particulars of Income are Furnished by the Assessee: ITAT [Read Order]")
NLU not conducting 'Business', exists solely for Legal Educational Purposes: ITAT quashes Penalty for Failure to Audit [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has recently quashed the penalty demanded failure to audit the National Law University (NLU) under Section 271B of the Income Tax Act,...
![NLU not conducting Business, exists solely for Legal Educational Purposes: ITAT quashes Penalty for Failure to Audit [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/NLU-ITAT-quashes-Penalty-for-Failure-to-Audit-Business-Legal-Educational-Purposes-ITAT-Penalty-Taxscan.jpg "NLU not conducting Business, exists solely for Legal Educational Purposes: ITAT quashes Penalty for Failure to Audit [Read Order]")