![Cash Deposited by 77-year-old Assessee looking to Saving for Old Age holding cannot be added u/s 68 of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Cash-Deposited-Assessee-Old-Age-holding-Income-Tax-Act-ITAT-taxscan.jpg "Cash Deposited by 77-year-old Assessee looking to Saving for Old Age holding cannot be added u/s 68 of Income Tax Act: ITAT [Read Order]")
Cash Deposited by 77-year-old Assessee looking to Saving for Old Age holding cannot be added u/s 68 of Income Tax Act: ITAT [Read Order]
The Jodhpur Bench of the Income Tax Appellate Tribunal(ITAT) has held that cash deposited by a 77-year-old age assessee looking to save for old age...
![ITAT waives Late Fee u/s 234E of Income Tax Act, allows Appeal considering Technical Error [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/ITAT-waives-Late-Fee-Income-Tax-Act-Appeal-Technical-Error-taxscan.jpg "ITAT waives Late Fee u/s 234E of Income Tax Act, allows Appeal considering Technical Error [Read Order]")
![Disallowance of Income Tax Deduction u/s 10AA on Audit objection grounds lack Independent View: ITAT quashes Revision Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Jaipur-Income-Tax-Disallowance-Income-Tax-Deduction-TAXSCAN.jpg "Disallowance of Income Tax Deduction u/s 10AA on Audit objection grounds lack Independent View: ITAT quashes Revision Order [Read Order]")
![Legal ownership of Transport Vehicle is not required for Sec 194C TDS deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/Legal-Transport-Vehicle-Sec-194C-TDS-deduction-ITAT-taxscan.jpg "Legal ownership of Transport Vehicle is not required for Sec 194C TDS deduction: ITAT [Read Order]")
![TDS cant be Deducted when EDCs have been Exempted from Category of Contractor by Rajasthan State Government’s Order: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/TDS-Deducted-when-EDCs-Category-Contractor-Rajasthan-State-Governments-Order-ITAT-TAXSCAN-1.jpg "TDS cant be Deducted when EDCs have been Exempted from Category of Contractor by Rajasthan State Government’s Order: ITAT [Read Order]")
Income Tax Department has no power to levy late fee and interest in respect of TDS as per intimation u/s 200A of IT Act prior to Amendment: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Jodhpur bench, held that the Income Tax Department has no power to levy late fee and interest in respect of Tax Deduction at Source (TDS) as per intimation...
![Income Tax Department has no power to levy late fee and interest in respect of TDS as per intimation u/s 200A of IT Act prior to Amendment: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Income-Tax-Department-levy-late-fee-interest-in-respect-TDS-intimation-IT-Act-Amendment-ITAT-taxscan.jpg "Income Tax Department has no power to levy late fee and interest in respect of TDS as per intimation u/s 200A of IT Act prior to Amendment: ITAT [Read Order]")
No addition can made on Delay in filing Form No 10 within due date of ITR u/s 139 I.T Act when condoned by CIT(E): ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) in Jodhpur held that no addition could be made for the delay in filing Form No. 10 within the due date of the Income Tax Return under Section 139 of the...
![No addition can made on Delay in filing Form No 10 within due date of ITR u/s 139 I.T Act when condoned by CIT(E): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/No-addition-on-Delay-in-filing-Form-No-10-due-date-of-ITR-I.T-Act-TAXSCAN.jpg "No addition can made on Delay in filing Form No 10 within due date of ITR u/s 139 I.T Act when condoned by CIT(E): ITAT [Read Order]")
Purchase / sale of immovable property for Business Purpose does not attract S. 50C of Income Tax Act: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Jaipur bench, held that the purchase/sale of immovable property for business purposes did not attract Section 50C of the Income Tax Act, 1961. Therefore, the...
![Purchase / sale of immovable property for Business Purpose does not attract S. 50C of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Purchase-sale-immovable-property-Business-Purpose-Income-Tax-Act-ITAT-taxscan.jpg "Purchase / sale of immovable property for Business Purpose does not attract S. 50C of Income Tax Act: ITAT [Read Order]")
ITAT deletes Penalty u/s 271B of Income Tax Act as Turnover was below 2 Crores as Prescribed u/s 44AD [Read Order]
The Jaipur Bench of Income Tax Appellate Tribunal (ITAT) has deleted the penalty under Section 271B of the Income Tax Act 1961, as the turnover was below 2 crores as prescribed under Section 44AD of...
![ITAT deletes Penalty u/s 271B of Income Tax Act as Turnover was below 2 Crores as Prescribed u/s 44AD [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/ITAT-deletes-Penalty-Income-Tax-Act-as-Turnover-was-below-2-Crores-as-Prescribed-TAXSCAN.jpg "ITAT deletes Penalty u/s 271B of Income Tax Act as Turnover was below 2 Crores as Prescribed u/s 44AD [Read Order]")
Every loss of Revenue as a Consequence of Order of AO cannot be Treated as Prejudicial to Interests of Revenue: ITAT Quashes Revision order u/s 263 of Income Tax Act [Read Order]
The Jaipur Bench of Income Tax Appellate Tribunal (ITAT) has quashed the revision order under Section 263 of the Income Tax Act 1961, holding that every loss of revenue as a consequence of the order...
![Every loss of Revenue as a Consequence of Order of AO cannot be Treated as Prejudicial to Interests of Revenue: ITAT Quashes Revision order u/s 263 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Every-loss-of-Revenue-as-a-Consequence-of-Order-of-AO-Treated-as-Prejudicial-to-Interests-of-Revenue-ITAT-Quashes-Revision-order-TAXSCAN.jpg "Every loss of Revenue as a Consequence of Order of AO cannot be Treated as Prejudicial to Interests of Revenue: ITAT Quashes Revision order u/s 263 of Income Tax Act [Read Order]")
TDS u/s 194C Not applicable on Purchase of Packing Materials for which VAT is Already Paid: ITAT [Read Order]
The Jaipur bench of the Income Tax Appellate Tribunal (ITAT) held that the tax deducted at source (TDS) under Section 194C of the Income Tax Act, 1961 is not applicable on the purchase of the packing...
![TDS u/s 194C Not applicable on Purchase of Packing Materials for which VAT is Already Paid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/TDS-Not-applicable-Purchase-Packing-Materials-VAT-Already-Paid-ITAT-TAXSCAN.jpg "TDS u/s 194C Not applicable on Purchase of Packing Materials for which VAT is Already Paid: ITAT [Read Order]")
Filing of Confirmation, Affidavit, Bank Statement and Marking of Personal Presence is Sufficient to Consider Genuineness of Depositors: ITAT Deletes Addition u/s 68 of Income Tax Act [Read Order]
The Jodhpur Bench of Income Tax Appellate Tribunal (ITAT) has deleted addition under Section 68 of the Income Tax Act 1961, as the filing of confirmation, affidavit, bank statement and making...
![Filing of Confirmation, Affidavit, Bank Statement and Marking of Personal Presence is Sufficient to Consider Genuineness of Depositors: ITAT Deletes Addition u/s 68 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Filing-of-Confirmation-Affidavit-Bank-Statement-and-Marking-of-Personal-Presence-is-Sufficient-to-Consider-Genuineness-of-Depositors-ITAT-Deletes-Addition-Income-Tax-Act-TAXSCAN.jpg "Filing of Confirmation, Affidavit, Bank Statement and Marking of Personal Presence is Sufficient to Consider Genuineness of Depositors: ITAT Deletes Addition u/s 68 of Income Tax Act [Read Order]")