![Failure of assessee to furnish details/Documentary Evidences to establish genuiness of activities in Persuance of registration u/s 12AA of Income Tax Act: ITAT remands matter to CIT(E) [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Failure-of-assessee-to-furnish-details-or-Documentary-Evidences-establish-genuiness-of-activities-ITAT-Income-Tax-Act-Income-Tax-CITE-Failure-Documentary-Evidences-TAXSCAN.jpg "Failure of assessee to furnish details/Documentary Evidences to establish genuiness of activities in Persuance of registration u/s 12AA of Income Tax Act: ITAT remands matter to CIT(E) [Read Order]")
Failure of assessee to furnish details/Documentary Evidences to establish genuiness of activities in Persuance of registration u/s 12AA of Income Tax Act: ITAT remands matter to CIT(E) [Read Order]
The Pune Bench of Income Tax Appellate Tribunal (ITAT) held that in the interest of justice one final opportunity should be provided to the assessee...
![Income Tax department travelled on wrong footing by holding remuneration of Partners as Salary Income: ITAT directs readjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Income-Tax-department-remuneration-of-Partners-Salary-Income-ITAT-directs-readjudication-taxscan.jpg "Income Tax department travelled on wrong footing by holding remuneration of Partners as Salary Income: ITAT directs readjudication [Read Order]")
![Lease Rent paid for Acquiring Mining Rights is “Capital” in Nature, Not Allowable as Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/lease-rent-2-4.jpg "Lease Rent paid for Acquiring Mining Rights is “Capital” in Nature, Not Allowable as Deduction: ITAT [Read Order]")
![Children Providing Financial Support to Parents out of Moral Responsibility is Common Practice: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Children-Providing-Financial-Parents-Moral-Responsibility-Common-Practice-ITAT-TAXSCAN.jpg "Children Providing Financial Support to Parents out of Moral Responsibility is Common Practice: ITAT deletes Addition [Read Order]")
![No Provision under “Profits and Gains from business or profession” deems Rent from Unsold Flats held as Stock as ‘Business income’: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/profits-and-Gains-from-business-Profit-and-Gains-from-profession-Rent-from-Unsold-Flats-Stock-Business-income-ITAT-Income-Tax-Taxscan.jpg "No Provision under “Profits and Gains from business or profession” deems Rent from Unsold Flats held as Stock as ‘Business income’: ITAT [Read Order]")
![Profits from Transfer of Interest in Hydro Projects is Income from Business: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Interest-in-Hydro-Projects-Profits-from-Transfer-of-Interest-Hydro-Projects-Transfer-of-Interest-income-from-Business-ITAT-taxscan.jpg "Profits from Transfer of Interest in Hydro Projects is Income from Business: ITAT [Read Order]")
Forex Fluctuations Export/Imports can be treated as Operating Cost: ITAT grants Relief to Dana India Ltd [Read Order]
The Income Tax Appellate Tribunal (ITAT) Pune Bench, constituted of the Vice President of ITAT, Pune alongside being an Accountant Member Ravinder Singh Syal, and a Judicial Member Partha Sarathy...
![Forex Fluctuations Export/Imports can be treated as Operating Cost: ITAT grants Relief to Dana India Ltd [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Forex-Fluctuations-Export-Imports-Operating-Cost-ITAT-Dana-India-Ltd-Income-Tax-taxscan-.jpg "Forex Fluctuations Export/Imports can be treated as Operating Cost: ITAT grants Relief to Dana India Ltd [Read Order]")
Late Action by New Auditor is reasonable cause for Non-Imposition of Penalty u/s 271B: ITAT [Read Order]
The Income Tax Appellate Tribunal ( ITAT ) has held that, Late action by new auditor is reasonable cause for non-imposition of penalty under Section 271B of the Income Tax Act. The assessee, M/s....
![Late Action by New Auditor is reasonable cause for Non-Imposition of Penalty u/s 271B: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/auditor-penalty-ITAT-taxscan.jpeg "Late Action by New Auditor is reasonable cause for Non-Imposition of Penalty u/s 271B: ITAT [Read Order]")
![Delay cant be condoned in the absence of Sufficient Cause: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Sufficient-Cause-ITAT-taxscan.jpg "Delay cant be condoned in the absence of Sufficient Cause: ITAT [Read Order]")
Capital Gain Exemption cannot be allowed as No Property Purchased/Constructed within stipulated period U/S 54F: ITAT [Read Order]
The Pune Bench Income Tax Appellate Tribunal ( ITAT ) has held that capital gain exemption cannot be allowed as no property purchased or constructed within the stipulated period U/S 54F. The...
![Capital Gain Exemption cannot be allowed as No Property Purchased/Constructed within stipulated period U/S 54F: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Capital-Gain-Exemption-Property-Purchased-Constructed-stipulated-period-ITAT-taxscan.jpg "Capital Gain Exemption cannot be allowed as No Property Purchased/Constructed within stipulated period U/S 54F: ITAT [Read Order]")
Question, Whether Taxes are due to be paid on any Income, shall be considered during Assessment, Not on granting Registration: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune Bench held that the question of whether taxes are due to be paid on any income shall be considered during Assessment, and not on granting Registration. ...
![Question, Whether Taxes are due to be paid on any Income, shall be considered during Assessment, Not on granting Registration: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/01/taxes-income-Assessment-granting-Registration-ITAT-Taxscan.jpg "Question, Whether Taxes are due to be paid on any Income, shall be considered during Assessment, Not on granting Registration: ITAT [Read Order]")