![Property Sale regularised in Govt records and covered as Capital Asset u/s 2(14) of Income Tax Act: ITAT disallows Indexed cost of Construction [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Bangalore-Income-Tax-Property-sale-taxscan.jpg "Property Sale regularised in Govt records and covered as Capital Asset u/s 2(14) of Income Tax Act: ITAT disallows Indexed cost of Construction [Read Order]")
Property Sale regularised in Govt records and covered as Capital Asset u/s 2(14) of Income Tax Act: ITAT disallows Indexed cost of Construction [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal ( ITAT ) disallowed the indexed cost of construction, as the property sale was regularized...
![Income Tax Dept. fails to File Appeal on time, No Explanation provided for Delay: ITAT dismisses Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Bangalore-Income-Tax-Income-tax-appeal-dismissed-taxscan.jpg "Income Tax Dept. fails to File Appeal on time, No Explanation provided for Delay: ITAT dismisses Appeal [Read Order]")
![AO blindly relied Investigation Wing report for Reopening Assessment, No application of mind: ITAT quashes Reassessment Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/AO-blindly-investigation-Wing-Reopening-Assessment-Application-of-Mind-ITAT-quashes-Reassessment-taxscan.jpg "AO blindly relied Investigation Wing report for Reopening Assessment, No application of mind: ITAT quashes Reassessment Order [Read Order]")
![Interest on Wrongly Taken Cenvat Credit: CESTAT upholds Demand Recovery of 5 Years Period [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/CESTAT-CESTAT-Allahabad-Cenvat-Credit-CESTAT-on-interest-recovery-CENVAT-credit-interest-recovery-taxscan.jpg "Interest on Wrongly Taken Cenvat Credit: CESTAT upholds Demand Recovery of 5 Years Period [Read Order]")
Ahmedabad Court hands down 3-Year Sentence to Income Tax Officer and Inspector booked for Demanding and Accepting Bribe for Settling Income Tax Returns
Ahmedabad CBI Special Judge Court and Madurai Chief Judicial Magistrate have pronounced three years' Rigorous Imprisonment ( RI ) and imposed a combined fine of Rs. 1.70 lakh in two separate cases...
Service Tax Would be Chargeable Only on Rent Collected from Leasing of Immovable Property: CESTAT [Read Order]
Customs Excise & Service Tax Appellate Tribunal ( CESTAT ) had held that service tax would be chargeable only on the rent collected from the lessor in the case of leasing of immovable property....
![Service Tax Would be Chargeable Only on Rent Collected from Leasing of Immovable Property: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/CESTAT-Immovable-Property-Leasing-of-Immovable-Property-taxscan.jpg "Service Tax Would be Chargeable Only on Rent Collected from Leasing of Immovable Property: CESTAT [Read Order]")
![ITAT Annual Digest 2023 [Part 2]](https://www.taxscan.in/wp-content/uploads/2024/01/ITAT-ANNUAL-DIGEST-ITAT-ANNUAL-DIGEST-taxscan.jpg "ITAT Annual Digest 2023 [Part 2]")
Disallowance u/s 14A IT Act shall not be made when no exempt Income is earned by Assessee [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai bench, held that the disallowance under Section 14A of the Income Tax Act, 1961, should not be made since there is no exempt income earned by the...
![Disallowance u/s 14A IT Act shall not be made when no exempt Income is earned by Assessee [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Disallowance-IT-Act-Income-Itat-Mumbai-Income-Tax-Act-TAXSCAN.jpg "Disallowance u/s 14A IT Act shall not be made when no exempt Income is earned by Assessee [Read Order]")
Software for Automated Notice Generation: Assam GST Department Issues Instructions on IIT Big Data Software [Read Instruction]
The Assam Goods and Service Tax (GST) Department has issued Instruction No. 13/2023-GST dated December 26, 2023 regarding notice issued based on IIT Big Data Software. By the Notification No....
![Software for Automated Notice Generation: Assam GST Department Issues Instructions on IIT Big Data Software [Read Instruction]](https://www.taxscan.in/wp-content/uploads/2023/12/site-img-29.jpg "Software for Automated Notice Generation: Assam GST Department Issues Instructions on IIT Big Data Software [Read Instruction]")
Advance received against booking of flats are not Unexplained Amount: ITAT deletes Addition [Read Order]
The Income Tax Appellate Tribunal (ITAT), Kolkata bench, held that advances received against booking of flats are not an unexplained amount. Consequently, the bench deleted the addition made by the...
![Advance received against booking of flats are not Unexplained Amount: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Advance-booking-of-flats-Unexplained-Amount-ITAT-TAXSCAN.jpg "Advance received against booking of flats are not Unexplained Amount: ITAT deletes Addition [Read Order]")