![Incorrect Accounting and Wrong Grouping of Headings cant be termed as a Bogus Investment: ITAT grants relief to Assessee [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Incorrect-Accounting-Wrong-Grouping-of-Headings-Bogus-Investment-ITAT-grants-relief-to-Assessee-taxscan-1.jpg "Incorrect Accounting and Wrong Grouping of Headings cant be termed as a Bogus Investment: ITAT grants relief to Assessee [Read Order]")
Incorrect Accounting and Wrong Grouping of Headings can't be termed as a Bogus Investment: ITAT grants relief to Assessee [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) while granting relief to the assessee held that the incorrect accounting and wrong...
![Delay of 277 days in filing Income tax Appeal: Kerala HC directs Income Tax Commissioner to Decide Condonation Application [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Delay-of-277-days-filing-Income-tax-Appeal-Kerala-HC-Income-Tax-Commissioner-Decide-Condonation-Application-TAXSCAN.jpg "Delay of 277 days in filing Income tax Appeal: Kerala HC directs Income Tax Commissioner to Decide Condonation Application [Read Order]")
![ITAT directs AO to Share Information of Beneficiaries of Leading Kingpins Providing Bogus Long Term Capital Gains within 90 days [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/ITAT-AO-ITAT-directs-AO-Information-Beneficiaries-Beneficiaries-of-Leading-Kingpins-taxscan.jpg "ITAT directs AO to Share Information of Beneficiaries of Leading Kingpins Providing Bogus Long Term Capital Gains within 90 days [Read Order]")
![Write-off of Bad Debt not Asset, Clause - (a) of 4th Proviso to Section 153A(1) of Income Tax Act bars Assessment: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Write-off-of-Bad-Debt-Debt-Asset-Income-Tax-Act-Assessment-Bombay-HC-taxscan.jpg "Write-off of Bad Debt not Asset, Clause - (a) of 4th Proviso to Section 153A(1) of Income Tax Act bars Assessment: Bombay HC [Read Order]")
![Weighted Deduction allowable u/s 35(2AB) of Income Tax Act when DSIR has Passed an Order Granting Approval in Form 3CM: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Weighted-Deduction-Income-Tax-Act-when-DSIR-Form-3CM-ITAT-taxscan.jpg "Weighted Deduction allowable u/s 35(2AB) of Income Tax Act when DSIR has Passed an Order Granting Approval in Form 3CM: ITAT [Read Order]")
Delay in Filing Reply to Income Tax Notice due to Incorrect Login Password: Delhi HC quashes Assessment Order [Read Order]
The Delhi High Court quashed assessment order passed without considering the delay in filing reply to income tax notice due to incorrect login password. As claimed by the respondent/revenue,...
![Delay in Filing Reply to Income Tax Notice due to Incorrect Login Password: Delhi HC quashes Assessment Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Delay-in-Filing-Reply-to-Income-Tax-Notice-Delay-Income-Tax-Notice-Income-Tax-Incorrect-Login-Password-Assessment-Order-Delhi-High-Court-taxscan.jpg "Delay in Filing Reply to Income Tax Notice due to Incorrect Login Password: Delhi HC quashes Assessment Order [Read Order]")
Belated Filing of Tax Audit as Accountant Expired and New Accountant not Well Versed with Accounting is a Reasonable Cause: ITAT Deletes Penalty u/s 271B of Income Tax Act [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has deleted the penalty under Section 271B of the Income Tax Act holding that the belated filing of tax audit as accountant had expired and...
![Belated Filing of Tax Audit as Accountant Expired and New Accountant not Well Versed with Accounting is a Reasonable Cause: ITAT Deletes Penalty u/s 271B of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Filing-Tax-Audit-Belated-Filing-of-Tax-Audit-as-Accountant-Expired-Accountant-New-Accountant-ITAT-taxscan.jpg "Belated Filing of Tax Audit as Accountant Expired and New Accountant not Well Versed with Accounting is a Reasonable Cause: ITAT Deletes Penalty u/s 271B of Income Tax Act [Read Order]")
Revision order Passed without Recording Whether Notice Issued is Served to Assessee or Not: ITAT Sets Aside Revision Order [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has set aside the revision order holding that the revision order passed without recording whether notice issued was served to assessee or not....
![Revision order Passed without Recording Whether Notice Issued is Served to Assessee or Not: ITAT Sets Aside Revision Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Revision-Passed-Recording-Whether-Notice-Assessee-Not-ITAT-Revision-Order-TAXSCAN.jpg "Revision order Passed without Recording Whether Notice Issued is Served to Assessee or Not: ITAT Sets Aside Revision Order [Read Order]")
ITAT Sets Aside Revisionary Order u/s 263 of Income Tax Act for Re-agitating Issue to Explaining Details of Large Cash Deposits in Savings Account [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) held that Principal Commissioner of Income Tax (PCIT) was not validly empowered to invoke revisionary provision of Section 263 of the Income...
![ITAT Sets Aside Revisionary Order u/s 263 of Income Tax Act for Re-agitating Issue to Explaining Details of Large Cash Deposits in Savings Account [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/ITAT-Sets-Aside-Revisionary-Order-Income-Tax-Act-for-Re-agitating-Issue-to-Explaining-Details-of-Large-Cash-Deposits-Savings-Account-TAXSCAN.jpg "ITAT Sets Aside Revisionary Order u/s 263 of Income Tax Act for Re-agitating Issue to Explaining Details of Large Cash Deposits in Savings Account [Read Order]")
Deletion of Income Tax Addition on the Ground of Incomplete Material Evidence against Assessee: ITAT restores Matter to CIT(A) [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal (ITAT) held that the Commissioner of Income Tax (Appeals) [CIT (A)] has not adjudicated the issues on merits thus restored the matter to the CIT(A)...
![Deletion of Income Tax Addition on the Ground of Incomplete Material Evidence against Assessee: ITAT restores Matter to CIT(A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Deletion-Income-Tax-Incomplete-Material-Evidence-Assessee-ITAT-CITA-TAXSCAN.jpg "Deletion of Income Tax Addition on the Ground of Incomplete Material Evidence against Assessee: ITAT restores Matter to CIT(A) [Read Order]")
Violation of Natural Justice Principles: Allahabad HC imposes Costs of Rs 10,000 on Income Tax Authority [Read Order]
The Allahabad High Court imposed costs of Rupees 10,000/- on the Income Tax Authority for violation of natural justice principles. The petitioner, M/s M.L. Chains, deals in the business of gold...
![Violation of Natural Justice Principles: Allahabad HC imposes Costs of Rs 10,000 on Income Tax Authority [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Violation-of-Natural-Justice-Principles-Natural-Justice-Principles-Allahabad-High-Court-Income-Tax-Authority-Income-Tax-Taxscan.jpg "Violation of Natural Justice Principles: Allahabad HC imposes Costs of Rs 10,000 on Income Tax Authority [Read Order]")
Penalty u/s 271A(1)(d) of Income Tax Act shall not be Levied, if Assessee Shows Reasonable Cause for Non compliance of Statutory Notices: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) Delhi bench held that the penalty under Section 271A(1)(d) of Income Tax Act, 1961 should not be levied if the assessee shows the reasonable cause for...
![Penalty u/s 271A(1)(d) of Income Tax Act shall not be Levied, if Assessee Shows Reasonable Cause for Non compliance of Statutory Notices: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Penalty-Income-Tax-Act-non-compliance-of-statutory-notices-ITAT-Income-Tax-taxscan.jpg "Penalty u/s 271A(1)(d) of Income Tax Act shall not be Levied, if Assessee Shows Reasonable Cause for Non compliance of Statutory Notices: ITAT [Read Order]")