![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]")
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...
![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]](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]")
![Deduction u/s 80P(2)(d) available to Income of Co-operative Society: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Deduction-us-80P2d-available-to-Income-of-Co-operative-Society-ITAT-TAXSCAN.jpg "Deduction u/s 80P(2)(d) available to Income of Co-operative Society: ITAT [Read Order]")
![Penalty for Inaccurate Particular Not Imposable when Assessee Paid Tax before Issue of Reassessment notice under Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Penalty-for-Inaccurate-Particular-Not-Imposable-when-Assessee-Paid-Tax-Penalty-for-Inaccurate-Particular-Penalty-Inaccurate-Particular-Assessee-Taxscan.jpg "Penalty for Inaccurate Particular Not Imposable when Assessee Paid Tax before Issue of Reassessment notice under Income Tax Act: ITAT [Read Order]")
Section 56(2)(vii) not Applicable to Individual Receiving Sum from HUF as its Member: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Surat Bench, has recently, in an appeal filed before it, held that section 56(2) (vii) is not applicable to individual receiving sum from HUF as its member. ...
![Section 56(2)(vii) not Applicable to Individual Receiving Sum from HUF as its Member: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Section-562vii-not-Applicable-to-Individual-Receiving-Sum-from-HUF-as-its-Member-ITAT-TAXSCAN.jpg "Section 56(2)(vii) not Applicable to Individual Receiving Sum from HUF as its Member: ITAT [Read Order]")
Interest Income from Co-operative Bank Credited to Reserves in Balance Sheet Eligible for Deduction u/s 80P(2)(d) of Income Tax Act: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench, has recently, in an appeal filed before it, held that interest income from co-operative bank credited to reserves in the balance sheet is...
![Interest Income from Co-operative Bank Credited to Reserves in Balance Sheet Eligible for Deduction u/s 80P(2)(d) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/INTERE1.jpg "Interest Income from Co-operative Bank Credited to Reserves in Balance Sheet Eligible for Deduction u/s 80P(2)(d) of Income Tax Act: ITAT [Read Order]")
Fee u/s 234E of Income Tax Act is Leviable Only for Default Committed after June 1st 2015: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune Bench, has recently, in appeals filed before it, held that fee under Section 234E of the Income Tax Act is leviable, only for defaults committed after...
![Fee u/s 234E of Income Tax Act is Leviable Only for Default Committed after June 1st 2015: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Income-Tax-Act-is-Leviable-Income-Tax-Act-Fee-Income-Tax-Default-Committed-ITAT-taxscan.jpg "Fee u/s 234E of Income Tax Act is Leviable Only for Default Committed after June 1st 2015: ITAT [Read Order]")
ITAT quashes Ex Parte order passed due to Mistake of Service of Notice to Email of Assesses's Counsel [Read Order]
The Income Tax Appellate Tribunal (ITAT) has recently quashed an ex parte order passed due to mistake of services of notice to email of assessee’s counsel. Assesee Natthi Singh filed the...
![ITAT quashes Ex Parte order passed due to Mistake of Service of Notice to Email of Assessess Counsel [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/ITAT-quashes-Ex-Parte-order-passed-due-to-Mistake-of-Service-of-Notice-ITAT-quashes-Ex-Parte-order-ITAT-Ex-Parte-order-Service-Notice-Assessess-Counsel-Taxscan.jpg "ITAT quashes Ex Parte order passed due to Mistake of Service of Notice to Email of Assessess Counsel [Read Order]")
Failure of Assessee to Comply with Provisions of Section 269T: ITAT upholds Penalty u/s 271E [Read Order]
The Income Tax Appellate Tribunal (ITAT), Raipur Bench, has recently, in an appeal filed before it, on finding about the failure of the assessee to comply with the provisions of section 269T, upheld...
![Failure of Assessee to Comply with Provisions of Section 269T: ITAT upholds Penalty u/s 271E [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Failure-of-Assessee-to-Comply-with-Provisions-of-Section-269T-ITAT-upholds-Penalty-us-271E-TAXSCAN.jpg "Failure of Assessee to Comply with Provisions of Section 269T: ITAT upholds Penalty u/s 271E [Read Order]")
Admissibility of Employees' Contribution Payment of ESIc/PF Beyond the Due Date: ITAT remands the matter to AO to clarify the usage of ‘every month’ [Read Order]
This appeal by the assessee is directed against order dated 15.11.2022 passed by the Commissioner of Income-tax – National Faceless Appeal Centre (NFAC) for assessment year 2020-21 in relation to the...
![Admissibility of Employees Contribution Payment of ESIc/PF Beyond the Due Date: ITAT remands the matter to AO to clarify the usage of ‘every month’ [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/admissibility-Employees-contribution-payment-ESIc-PF-Due-Date-ITAT-Taxscan.jpg "Admissibility of Employees Contribution Payment of ESIc/PF Beyond the Due Date: ITAT remands the matter to AO to clarify the usage of ‘every month’ [Read Order]")
Unsecured Loan Taken at Higher Rate for Commercial Expediency Admissible under Section 57(iii): ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench, has recently in an appeal filed before it, held that unsecured loan taken at higher rate for commercial expediency is admissible under...
![Unsecured Loan Taken at Higher Rate for Commercial Expediency Admissible under Section 57(iii): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Loan-Taken-Higher-Rate-for-Commercial-Expediency-Admissible-Section-57iii-ITAT-TAXSCAN.jpg "Unsecured Loan Taken at Higher Rate for Commercial Expediency Admissible under Section 57(iii): ITAT [Read Order]")