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![No Income Tax Chargeable on a Transaction which never Materialized: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/05/Income-Tax-ITAT-Taxscan.jpeg "No Income Tax Chargeable on a Transaction which never Materialized: ITAT [Read Order]")
No Income Tax Chargeable on a Transaction which never Materialized: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune Bench ruled that no Income Tax Chargeable on a transaction which never materialized. The assessee...
![Interest Income cant be included in Total Income of Assessee as Mercantile System of Accounting in juxtaposition to ‘Real Income Theory’: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/05/Interest-Income-mercantile-system-of-accounting-real-income-theory-ITAT-Taxscan.jpg "Interest Income cant be included in Total Income of Assessee as Mercantile System of Accounting in juxtaposition to ‘Real Income Theory’: ITAT [Read Order]")
![ITAT deletes Addition as Foreign Travel Expenses incurred by Assessee were genuine and meant for Business purpose only [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/05/ITAT-foreign-travel-expenses-business-purpose-Taxscan.jpg "ITAT deletes Addition as Foreign Travel Expenses incurred by Assessee were genuine and meant for Business purpose only [Read Order]")