![Receipt of ‘On-Money Received from Sale of Flats cannot be Taxed: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-ITAT-Mumbai-Income-Tax-Income-Tax-Appellate-Tribunal-sale-of-flats-taxation-on-money-sale-of-flats-taxation-taxscan.jpg "Receipt of ‘On-Money Received from Sale of Flats cannot be Taxed: ITAT deletes Addition [Read Order]")
Receipt of ‘On-Money' Received from Sale of Flats cannot be Taxed: ITAT deletes Addition [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) has ruled that the receipt of 'on-money' from the sale of flats cannot be taxed,...
![No Concealment of Income: ITAT rebukes CIT(A) for sustaining Penalty Order by AO under Wrong Provisions [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Income-Tax-Income-Tax-Order-Income-Tax-Commissioner-Penalty-order-by-AO-TAXSCAN.jpg "No Concealment of Income: ITAT rebukes CIT(A) for sustaining Penalty Order by AO under Wrong Provisions [Read Order]")
![Genuineness of small-time Investments: ITAT directs AO to delete Additions of Rs.22,02,620/- [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-ITAT-Delhi-small-time-Investments-Assessing-Officer-small-time-investors-taxscan.jpg "Genuineness of small-time Investments: ITAT directs AO to delete Additions of Rs.22,02,620/- [Read Order]")
![Insufficient Evidence for AO’s Addition: Bombay HC dismisses Income Tax Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/Income-Tax-Income-Tax-Appeal-Income-Tax-Act-Bombay-High-Court-Bombay-HC-TAXSCAN.jpg "Insufficient Evidence for AO’s Addition: Bombay HC dismisses Income Tax Appeal [Read Order]")
ITSC has Sufficient Jurisdiction: Delhi HC upholds Additions u/s 132 of Income Tax Act [Read Order]
The Delhi High Court has ruled that the Income Tax Settlement Commission ( ITSC ) is not devoid of jurisdiction to make an addition during settlement proceedings, as clearly stated in the settlement...
![ITSC has Sufficient Jurisdiction: Delhi HC upholds Additions u/s 132 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/Delhi-HC-Delhi-high-court-ITSC-Income-Tax-Income-Tax-Settlement-Commission-Section-132-Income-Tax-Act-taxscan.jpg "ITSC has Sufficient Jurisdiction: Delhi HC upholds Additions u/s 132 of Income Tax Act [Read Order]")
No Incriminating Material found during Search: ITAT quashes Assessment u/s 153A of Income Tax Act [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal ( ITAT ) quashed the assessment under Section 153A of the Income Tax Act, 1961 as no incriminating material was found during the course of the...
![No Incriminating Material found during Search: ITAT quashes Assessment u/s 153A of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Income-tax-Income-tax-news-Income-tax-search-Income-tax-assessment-taxscan.jpg "No Incriminating Material found during Search: ITAT quashes Assessment u/s 153A of Income Tax Act [Read Order]")
“Law to be applied is law in force in Assessment Year unless otherwise stated or implied in Income-Tax matters”: ITAT deletes retrospectively canceled Trust registration [Read Order]
The Two member bench of Bangalore Income Tax Appellate Tribunal ( ITAT ) while deleting the retrospectively canceled trust registration observed that in income-tax matters, law to be applied is the...
![“Law to be applied is law in force in Assessment Year unless otherwise stated or implied in Income-Tax matters”: ITAT deletes retrospectively canceled Trust registration [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/ITAT-income-tax-income-tax-laws-Itat-deletes-registrations-Taxscan.jpeg "“Law to be applied is law in force in Assessment Year unless otherwise stated or implied in Income-Tax matters”: ITAT deletes retrospectively canceled Trust registration [Read Order]")
Percentage of Ownership Absent in Sale Deed: ITAT upholds addition made on Self-Occupied House Property in hands of Husband [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) upheld the addition made on the self-occupied house property in the hands of the husband due to the absence of a percentage of ownership...
![Percentage of Ownership Absent in Sale Deed: ITAT upholds addition made on Self-Occupied House Property in hands of Husband [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Ownership-Absent-in-Sale-Deed-ITAT-Delhi-Sale-Deed-Self-Occupied-House-Property-taxscan.webp "Percentage of Ownership Absent in Sale Deed: ITAT upholds addition made on Self-Occupied House Property in hands of Husband [Read Order]")
Completed Assessment can be Reopened only if Incriminating Material is found during Search u/s 132 of Income Tax Act: Delhi HC [Read Order]
In a recent decision, the Delhi High Court ruled that the completed assessment can be reopened only if incriminating material is found during search under Section 132 of the Income Tax Act, 1961. ...
![Completed Assessment can be Reopened only if Incriminating Material is found during Search u/s 132 of Income Tax Act: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Delhi-High-Court-Income-Tax-Completed-assessment-Reopening-assessment-Incriminating-material-taxscan.jpg "Completed Assessment can be Reopened only if Incriminating Material is found during Search u/s 132 of Income Tax Act: Delhi HC [Read Order]")
![Delhi HC upholds Deletion of Income Tax Addition made on investment in Wrist Watches [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Income-Tax-Addition-investment-in-Wrist-Watches-Delhi-high-court-Income-Tax-on-Wrist-Watches-investment-Wrist-Watches-taxscan.jpg "Delhi HC upholds Deletion of Income Tax Addition made on investment in Wrist Watches [Read Order]")
