![Penalty u/s 271(1)(b) on Non-Appearance will not sustain on Completion of Scrutiny Assessment: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Penalty-Scrutiny-Assessment-ITAT-taxscan.jpeg "Penalty u/s 271(1)(b) on Non-Appearance will not sustain on Completion of Scrutiny Assessment: ITAT [Read Order]")
Penalty u/s 271(1)(b) on Non-Appearance will not sustain on Completion of Scrutiny Assessment: ITAT [Read Order]
Penalty u/s 271(1)(b) for non-appearance was deleted by the Mumbai bench of Income Tax Appellate Tribunal (ITAT) on completion of scrutiny assessment...
![AO properly Verified Documents Adduced by Assessee: ITAT sets aside Revision proceedings u/s 263 [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/AO-Verified-Documents-Assessee-ITAT-Revision-proceedings-taxscan.jpg "AO properly Verified Documents Adduced by Assessee: ITAT sets aside Revision proceedings u/s 263 [Read Order]")
![AO fails to Point out on which Bills and Vouchers disallowance is made: ITAT deletes Estimated Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/AO-Bills-Vouchers-ITAT-taxscan.jpg "AO fails to Point out on which Bills and Vouchers disallowance is made: ITAT deletes Estimated Addition [Read Order]")
![No New Evidence furnished to Establish Genuineness of Gift Received: ITAT upholds Addition made u/s 68 [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Evidence-Gift-ITAT-taxscan.jpg "No New Evidence furnished to Establish Genuineness of Gift Received: ITAT upholds Addition made u/s 68 [Read Order]")
![Date of Possession shall be considered to allow Capital Gain Exemption: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Date-of-Possession-Capital-Gain-Exemption-capital-gain-Exemption-ITAT-Taxscan.jpg "Date of Possession shall be considered to allow Capital Gain Exemption: ITAT [Read Order]")
Consideration given for accessing Database of the Assessee cannot be treated as Royalty: ITAT [Read Order]
The Income Tax Appellate Tribunal, New Delhi has held that the transaction under consideration is for provision of accessing database of the assesse, hence the same cannot be considered as ‘Royalty’...
![Consideration given for accessing Database of the Assessee cannot be treated as Royalty: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Consideration-Assesse-Royalty-ITAT-taxscan.jpeg "Consideration given for accessing Database of the Assessee cannot be treated as Royalty: ITAT [Read Order]")
![Relief to Tata: Bombay High Court quashes Income Tax Reassessment Notice [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2022/02/Tata-Sons-Bombay-High-Court-Income-Tax-Reassessment-Notice-Bombay-House-Taxscan.jpg "Relief to Tata: Bombay High Court quashes Income Tax Reassessment Notice [Read Judgment]")
![Conclusions in Scrutiny Assessment must be definite: Madras High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/04/Scrutiny-Assessment-Madras-High-Court-Taxscan.jpeg "Conclusions in Scrutiny Assessment must be definite: Madras High Court [Read Judgment]")
Additions towards share capital in question would not ipso facto tantamount to alleged concealment of income: ITAT deletes penalty
The Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench while deleting the penalty held that the Additions towards share capital in question would not be ipso facto tantamount to alleged...
Scrutiny Assessment can’t be framed in absence of a Valid Notice, omission to issue notice, not a curable defect: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Kolkata Bench ruled that the scrutiny assessment can not be framed in absence of a valid notice and the omission to issue notice is not a curable defect. ...
![Scrutiny Assessment can’t be framed in absence of a Valid Notice, omission to issue notice, not a curable defect: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/Scrutiny-assessment-valid-notice-omission-issue-notice-curable-defect-ITAT-Taxscan.jpeg "Scrutiny Assessment can’t be framed in absence of a Valid Notice, omission to issue notice, not a curable defect: ITAT [Read Order]")
Interest Expenses claimed by Partners relating to their Professional Activities are allowed Expenses: ITAT deletes Addition [Read Order]
While deleting the addition, the Income Tax Appellate Tribunal (ITAT) Rajkot Bench has ruled that, Interest Expenses claimed by partners relating to their professional activities are allowed...
![Interest Expenses claimed by Partners relating to their Professional Activities are allowed Expenses: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/Interest-Expenses-partners-relating-professional-activities-allowed-expenses-ITAT-Taxscan.jpg "Interest Expenses claimed by Partners relating to their Professional Activities are allowed Expenses: ITAT deletes Addition [Read Order]")