![S. 50C Not Applicable to Buyer of Property: ITAT directs Re-do Addition u/s 56(2)(vii) [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Buyer-of-Property-ITAT-Re-do-Addition-TAXSCAN.jpg "S. 50C Not Applicable to Buyer of Property: ITAT directs Re-do Addition u/s 56(2)(vii) [Read Order]")
S. 50C Not Applicable to Buyer of Property: ITAT directs Re-do Addition u/s 56(2)(vii) [Read Order]
Pune Income Tax Appellate Tribunal (ITAT) directed the Assessing Officer (AO) to re-do the addition under section 56(2)(vii) of Income Tax Act, 1961...
![Revision Order without DIN is Invalid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Revision-Order-DIN-ITAT-TAXSCAN.jpg "Revision Order without DIN is Invalid: ITAT [Read Order]")
![Congress Leader Kamal Nath’s Involvement in Unaccounted Cash Transactions: Calcutta HC Upholds Transfer Income Tax Proceedings to Delhi [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Kamal-Naths-Unaccounted-Cash-Transactions-Calcutta-HC-Transfer-Income-Tax-Delhi-TAXSCAN.jpg "Congress Leader Kamal Nath’s Involvement in Unaccounted Cash Transactions: Calcutta HC Upholds Transfer Income Tax Proceedings to Delhi [Read Order]")
![CIT(E) has No Jurisdiction to impose Unstipulated conditions while granting Registration u/s 80G: ITAT rules in favour of Tata Education [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/CITE-Registration-ITAT-rules-Tata-Education-TAXSCAN.jpg "CIT(E) has No Jurisdiction to impose Unstipulated conditions while granting Registration u/s 80G: ITAT rules in favour of Tata Education [Read Order]")
![No Additions u/s 69A allowable for Deposit of Demonetized Currency if Advance Tax paid under PMGKY Scheme: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/No-Additions-Deposit-of-Demonetized-Currency-if-Advance-Tax-paid-under-PMGKY-Scheme-ITAT-TAXSCAN.jpg "No Additions u/s 69A allowable for Deposit of Demonetized Currency if Advance Tax paid under PMGKY Scheme: ITAT [Read Order]")
Revisional Jurisdiction cannot be Invoked to Redo Assessment Once Assessment Completed by Assessing Officer: ITAT [Read Order]
The Income Tax Appellate Tribunal(ITAT),Chennai Bench, has recently, in an appeal filed before it, held that revisional jurisdiction cannot be invoked to redo assessment, once the same is completed...
![Revisional Jurisdiction cannot be Invoked to Redo Assessment Once Assessment Completed by Assessing Officer: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Revisional-Jurisdiction-Assessment-Assessing-Officer-ITAT-taxscan.jpg "Revisional Jurisdiction cannot be Invoked to Redo Assessment Once Assessment Completed by Assessing Officer: ITAT [Read Order]")
Revision u/s 263 on Ground of Failure to Collect TCS Invalid during Pendency of First Appeal: ITAT [Read Order]
Allowing the appeal of the assessee, the Rajkot Bench of the Income Tax Appellate Tribunal (ITAT) has recently held that the revision by the Principal Commissioner of Income Tax (PCIT) when the first...
![Revision u/s 263 on Ground of Failure to Collect TCS Invalid during Pendency of First Appeal: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Revision-TCS-Appeal-ITAT-taxscan.jpg "Revision u/s 263 on Ground of Failure to Collect TCS Invalid during Pendency of First Appeal: ITAT [Read Order]")
ITAT upholds Revisional Order on Ground of LTCG Exemption on STT Paid without Verification [Read Order]
The Income Tax Appellate Tribunal (ITAT) Bangalore Bench, has recently, in an appeal filed before it upheld the revisional order on the ground of LTCG exemption on STT payment without verification. ...
![ITAT upholds Revisional Order on Ground of LTCG Exemption on STT Paid without Verification [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/ITAT-Revisional-Order-LTCG-STT-taxscan.jpg "ITAT upholds Revisional Order on Ground of LTCG Exemption on STT Paid without Verification [Read Order]")
Jurisdiction u/s 263 can invoke only on Inadequacy in Enquiry: ITAT sets aside Revisional Order [Read Order]
Jurisdiction under section 263 can invoke only on inadequacy in enquiry done by Assessing Officer and the Bengaluru bench of Income Tax Appellate Tribunal (ITAT) has set aside revisional order. ...
![Jurisdiction u/s 263 can invoke only on Inadequacy in Enquiry: ITAT sets aside Revisional Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Jurisdiction-enquiry-ITAT-Revisional-order-taxscan.jpeg "Jurisdiction u/s 263 can invoke only on Inadequacy in Enquiry: ITAT sets aside Revisional Order [Read Order]")
Order that suffers from patent irregularity, cannot be made foundation for subsequent proceedings: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Kolkata Bench held that Order that suffers from patent irregularity, cannot be made foundation for subsequent proceedings. M/s. Goyal Solar Systems Pvt....
![Order that suffers from patent irregularity, cannot be made foundation for subsequent proceedings: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/patent-ITAT-taxscan.jpeg "Order that suffers from patent irregularity, cannot be made foundation for subsequent proceedings: ITAT [Read Order]")
Revisional Jurisdiction cannot be invoked to Initiate Penalty without finding that Assessment is Erroneous: ITAT [Read Order]
The Jaipur bench of the Income Tax Appellate Tribunal (ITAT) has held that the revisional jurisdiction of the Principal Commissioner of Income Tax (PCIT) under section 263 of the Income Tax Act, 1961...
![Revisional Jurisdiction cannot be invoked to Initiate Penalty without finding that Assessment is Erroneous: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/Revisional-Jurisdiction-Penalty-Assessment-ITAT-taxscan.jpg "Revisional Jurisdiction cannot be invoked to Initiate Penalty without finding that Assessment is Erroneous: ITAT [Read Order]")
![PCIT fails to Record reason for Revision: ITAT quashes order u/s 263 [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/PCIT-Revision-ITAT-raxscan.jpeg "PCIT fails to Record reason for Revision: ITAT quashes order u/s 263 [Read Order]")