![Weighted Deduction u/s 35(1)(ii) not allowable on Bogus Donation: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/deduction-Bogus-Donation-ITAT-taxscan.jpg "Weighted Deduction u/s 35(1)(ii) not allowable on Bogus Donation: ITAT [Read Order]")
Weighted Deduction u/s 35(1)(ii) not allowable on Bogus Donation: ITAT [Read Order]
The Jaipur Bench of the Income Tax Appellate Tribunal (ITAT) has held that weighted deduction under section 35(1)(ii) of the Income Tax Act,1961 is...
![Capital Gain from Sale of Immovable Property below Taxable Limit: ITAT deletes Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Capital-Gain-Immovable-Property-Taxable-Limit-ITAT-Penalty-taxscan.jpg "Capital Gain from Sale of Immovable Property below Taxable Limit: ITAT deletes Penalty [Read Order]")
![Casual and Cavalier attitude of Assessee: ITAT directs to pay Rs 2000 to PM Relief Fund [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Assessee-ITAT-PM-Relief-Fund-taxscan.jpg "Casual and Cavalier attitude of Assessee: ITAT directs to pay Rs 2000 to PM Relief Fund [Read Order]")
![Intimation u/s 143(1) does not amount to ‘Grant of Refund’: ITAT directs to pay Interest till Actual Date of Income Tax Refund [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/Refund-ITAT-Interest-Income-Tax-Refund-taxscan.jpg "Intimation u/s 143(1) does not amount to ‘Grant of Refund’: ITAT directs to pay Interest till Actual Date of Income Tax Refund [Read Order]")
![Income Tax Re-Assessment without communicating reason is Invalid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Income-Tax-Re-Assessment-ITAT-taxscan.jpeg "Income Tax Re-Assessment without communicating reason is Invalid: ITAT [Read Order]")
![Life Membership Fees received by AOP is Capital Receipt, Not Taxable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Life-membership-fees-AOP-Capital-Receipt-ITAT-taxscan.jpg "Life Membership Fees received by AOP is Capital Receipt, Not Taxable: ITAT [Read Order]")
High Status and Family Tradition of Assessee shall be Considered: ITAT deletes Addition of Heavy Gold Jewellery received as 'Streedhan' by Royal Family Member [Read Order]
While deleting an addition in respect of heavy gold jewellery received as “Streedhan”, the Income Tax Appellate Tribunal (ITAT), Jaipur bench has held that the high status and family traditions shall...
![High Status and Family Tradition of Assessee shall be Considered: ITAT deletes Addition of Heavy Gold Jewellery received as Streedhan by Royal Family Member [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Assessee-ITAT-Heavy-Gold-Jewellery-Royal-Family-Member-taxscan.jpg "High Status and Family Tradition of Assessee shall be Considered: ITAT deletes Addition of Heavy Gold Jewellery received as Streedhan by Royal Family Member [Read Order]")
Re-Assessment not sustainable on ground of Failure in issuing Notice and Reporting Reason: ITAT [Read Order]
The Jaipur bench of the Income Tax Appellate Tribunal (ITAT) ruled that failure in issuing a notice and reporting reason for reopening a case will invalidate the proceeding under section 148 of the...
![Re-Assessment not sustainable on ground of Failure in issuing Notice and Reporting Reason: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/notice-ITAT-taxscan.jpeg "Re-Assessment not sustainable on ground of Failure in issuing Notice and Reporting Reason: ITAT [Read Order]")
Reassessment not sustainable when Reasons for Initiation of Proceedings Ceased to Survive: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Jaipur Bench ruled that the reassessment under section 147 of the Income Tax Act was not sustainable when reasons for initiation of proceedings ceased to...
![Reassessment not sustainable when Reasons for Initiation of Proceedings Ceased to Survive: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/06/Reassessment-proceedings-ceased-to-survive-ITAT-Taxscan.jpg "Reassessment not sustainable when Reasons for Initiation of Proceedings Ceased to Survive: ITAT [Read Order]")
![ITAT deletes Addition in absence of requisite Enquiry and Examination [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/ITAT-bsence-of-requisite-enquiry-examination-Taxscan.jpeg "ITAT deletes Addition in absence of requisite Enquiry and Examination [Read Order]")
![ITAT allows Deduction u/s 54F on Residential House Property purchased in the Name of Wife [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/ITAT-deduction-residential-house-property-Taxscan.jpg "ITAT allows Deduction u/s 54F on Residential House Property purchased in the Name of Wife [Read Order]")
ITAT directs matter to AO to examine afresh Rate of Gross Profit declared on Unaccounted Turnover [Read Order]
The Income Tax Appellate Tribunal (ITAT), Jaipur Bench directed the matter to AO to examine the afresh rate of gross profit declared on unaccounted turnover. The assessee, M/s Alokik Steels Pvt....
![ITAT directs matter to AO to examine afresh Rate of Gross Profit declared on Unaccounted Turnover [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/ITAT-AO-gross-profit-unaccounted-turnover-Taxscan.jpg "ITAT directs matter to AO to examine afresh Rate of Gross Profit declared on Unaccounted Turnover [Read Order]")