![Non-Response on Notice Issued By NFAC due to Lack of Familiarity with ITBA Portal: ITAT directs Readjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Non-Response-on-Notice-I-NFAC-Lack-of-Familiarity-with-ITBA-Portal-ITAT-directs-Readjudication-Notice-Issued-By-NFAC-taxscan.jpg "Non-Response on Notice Issued By NFAC due to Lack of Familiarity with ITBA Portal: ITAT directs Readjudication [Read Order]")
Non-Response on Notice Issued By NFAC due to Lack of Familiarity with ITBA Portal: ITAT directs Readjudication [Read Order]
The Bangalore Bench of the Income Tax Appellate Tribunal (ITAT) has directed the National Faceless Appeal Centre (NFAC) to re-adjudicate the case of...
![Incorrect Claim of Deduction or Expenses Made in ITR does not Amount to Concealment of Income or Furnishing Inaccurate Particulars: ITAT sets aside NFAC Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Incorrect-Claim-Incorrect-Claim-of-Deduction-Incorrect-Claim-Deduction-Expenses-taxscan.jpg "Incorrect Claim of Deduction or Expenses Made in ITR does not Amount to Concealment of Income or Furnishing Inaccurate Particulars: ITAT sets aside NFAC Order [Read Order]")
![AO wrongly invoked Section 50C (1) of Income Tax Act: ITAT dismisses Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/AO-wrongly-invoked-Income-Tax-Act-ITAT-dismisses-Appeal-TAXSCAN.jpg "AO wrongly invoked Section 50C (1) of Income Tax Act: ITAT dismisses Appeal [Read Order]")
![NFAC cannot Adjudicate Appeals already Disposed of by CIT(A): ITAT direct Department to Pay Cost [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/NFAC-bound-NFAC-CBDT-CBDT-Circular-ITAT-Taxscan.jpg "NFAC cannot Adjudicate Appeals already Disposed of by CIT(A): ITAT direct Department to Pay Cost [Read Order]")
![Filing of Statutory Appeal before NFAC Accompanied by Stay Application for Interim Protection: Madras HC Dismisses WP [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/dismisses-HC-High-court-madras-HC-dismisses-WP-madras-high-court-taxscan.jpg "Filing of Statutory Appeal before NFAC Accompanied by Stay Application for Interim Protection: Madras HC Dismisses WP [Read Order]")
ITAT Upholds Imposition of Penalty u/s 271B of Income Tax Act due to Non Audit of Books of Account [Read Order]
The Pune bench of the Income Tax Appellate Tribunal ( ITAT) upheld the imposition of penalty by the assessing officer under section 271B of the Income Tax Act,1961 due to non-audit of books of...
![ITAT Upholds Imposition of Penalty u/s 271B of Income Tax Act due to Non Audit of Books of Account [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/ITAT-Upholds-Imposition-of-Penalty-ITAT-Imposition-of-Penalty-Penalty-Income-Tax-Act-Non-Audit-of-Books-of-Account-Books-of-Account-Taxscan.jpg "ITAT Upholds Imposition of Penalty u/s 271B of Income Tax Act due to Non Audit of Books of Account [Read Order]")
Consideration From Sale of Jointly Owned Property cannot be Treated as Long Term Capital Gain of a Co-owner Alone: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench, has recently, in an appeal filed before it, held that consideration from sale of jointly owned property cannot be treated as long term...
![Consideration From Sale of Jointly Owned Property cannot be Treated as Long Term Capital Gain of a Co-owner Alone: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Consideration-From-Sale-Sale-of-Jointly-Owned-Property-Treated-as-Long-Term-Capital-Gain-Capital-Gain-Long-Term-Capital-Gain-of-a-Co-owner-Alone-ITAT-Income-Tax-taxscan.jpg "Consideration From Sale of Jointly Owned Property cannot be Treated as Long Term Capital Gain of a Co-owner Alone: ITAT [Read Order]")
Delay of One Day in Filing Audit Report Due to Technical Glitches of Income Tax Portal: ITAT sets aside Penalty u/s 271B [Read Order]
The Income Tax Appellate Tribunal (ITAT), Jaipur Bench, has recently, on finding that the delay of one day in filing audit report was due to technical glitches on the Income Tax Portal, set aside the...
![Delay of One Day in Filing Audit Report Due to Technical Glitches of Income Tax Portal: ITAT sets aside Penalty u/s 271B [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/ITAT-sets-aside-Penalty-Delay-of-One-Day-in-Filing-Audit-Report-Penalty-ITAT-Filing-Audit-Report-Audit-Report-Technical-Glitches-of-Income-Tax-Portal-Income-Tax-Portal-Income-Tax-taxscan.jpg "Delay of One Day in Filing Audit Report Due to Technical Glitches of Income Tax Portal: ITAT sets aside Penalty u/s 271B [Read Order]")
Interest on Fixed Deposits Assessable under the Head ‘Income from Other Source’: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chennai Bench, has recently, in an appeal filed before it, held that interest on fixed deposits is assessable under the head ‘income from other source’. ...
![Interest on Fixed Deposits Assessable under the Head ‘Income from Other Source’: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/ITAT-Income-from-Other-Source-Fixed-Deposits-Assessee-taxscan.jpg "Interest on Fixed Deposits Assessable under the Head ‘Income from Other Source’: ITAT [Read Order]")
Replacement of Old Tube Light with LED lights is Revenue Expenditure in Hotel Business: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has recently in an appeal filed before it, held that replacement of old tube light with LED lights, is revenue expenditure in hotel business. ...
![Replacement of Old Tube Light with LED lights is Revenue Expenditure in Hotel Business: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Replacement-of-Old-Tube-Light-Tube-Light-LED-lights-Revenue-Expenditure-in-Hotel-Business-Revenue-Expenditure-Hotel-Business-ITAT-taxscan.jpg "Replacement of Old Tube Light with LED lights is Revenue Expenditure in Hotel Business: ITAT [Read Order]")
![NFAC cannot Deny Deductions Claimed in Appeal for want of Revised Return: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/NFAC-Deductions-Claim-Appeal-Revised-Return-ITAT-Income-Tax-Tax-taxscan.jpg "NFAC cannot Deny Deductions Claimed in Appeal for want of Revised Return: ITAT [Read Order]")