![Delay in Filing ITR due to COVID-19 Pandemic: ITAT remands matter to consider Condonation of Delay [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-ITAT-Kolkata-Delay-in-filing-ITR-COVID-19-COVID-19-Pandemic-ITAT-remands-Income-Tax-Appellate-Tribunal-ITAT-news-taxscan.jpg "Delay in Filing ITR due to COVID-19 Pandemic: ITAT remands matter to consider Condonation of Delay [Read Order]")
Delay in Filing ITR due to COVID-19 Pandemic: ITAT remands matter to consider Condonation of Delay [Read Order]
In a recent ruling, the Kolkata bench of the Income Tax Appellate Tribunal ( ITAT ) directed CIT(A) to consider the case of the assessee by condoning...
![Cash Deposit Sources Insufficiently Verified before making Addition u/s 68 of Income Tax Act: ITAT Remands Matter Back to Assessing Officer for Re-Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Cash-Deposit-Sources-Income-Tax-Act-ITAT-Assessing-Officer-Re-Adjudication-taxscan.jpeg "Cash Deposit Sources Insufficiently Verified before making Addition u/s 68 of Income Tax Act: ITAT Remands Matter Back to Assessing Officer for Re-Adjudication [Read Order]")
![Requirement of Filing Audit Report In Form 10B is only Procedural: ITAT grants Income Tax Exemption [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-ITAT-Delhi-Audit-Report-Income-Tax-Exemption-Filing-Audit-Report-Form-10B-taxscan.jpg "Requirement of Filing Audit Report In Form 10B is only Procedural: ITAT grants Income Tax Exemption [Read Order]")
![Superior Authoritys Mechanical Approval for Income Tax Search Defeats Purpose of S. 153D: ITAT Quashes Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/Income-Tax-ITAT-ITAT-Quashes-ITAT-Quashes-Order-Income-Tax-Appellate-Tribunal-ITAT-quashes-Income-Tax-TAXSCAN.webp "Superior Authoritys Mechanical Approval for Income Tax Search Defeats Purpose of S. 153D: ITAT Quashes Order [Read Order]")
![Income Tax Deduction cannot be denied due to wrong classification in ITR: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/Income-Tax-Deduction-denied-due-wrong-classification-ITR-ITAT-taxscan.jpg "Income Tax Deduction cannot be denied due to wrong classification in ITR: ITAT [Read Order]")
Legitimacy of Income Not Established when Investment made from Share Premium Without Noticeable Business Activity: Calcutta HC [Read Order]
The Calcutta High Court observed that the legitimacy of income not established when investment made from share premium without noticeable business activity. The assessee filed the return of income...
![Legitimacy of Income Not Established when Investment made from Share Premium Without Noticeable Business Activity: Calcutta HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Calcutta-high-court-Business-activity-and-share-premium-investment-business-activities-TAXSCAN.jpg "Legitimacy of Income Not Established when Investment made from Share Premium Without Noticeable Business Activity: Calcutta HC [Read Order]")
No Additions Proposed in Income Tax Assessment Order: Madras HC quashes Demand in Computation Sheet and Notice [Read Order]
In a recent ruling, the Madras High Court quashed the demand in Computation Sheet and Notice as no additions were proposed in the income tax assessment order. The Petitioner, Organization...
![No Additions Proposed in Income Tax Assessment Order: Madras HC quashes Demand in Computation Sheet and Notice [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Income-Tax-Assessment-Order-Madras-HC-Computation-Sheet-Notice-taxscan.jpg "No Additions Proposed in Income Tax Assessment Order: Madras HC quashes Demand in Computation Sheet and Notice [Read Order]")
ITAT Directs AO to Scrutinize Purchase of Shares After Assessee Fails to Produce Documents [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) has directed the Assessing Officer ( AO ) to scrutinize the purchase of shares following the assessee's failure to produce the required...
![ITAT Directs AO to Scrutinize Purchase of Shares After Assessee Fails to Produce Documents [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/ITAT-AO-to-Scrutinize-Purchase-of-Shares-Produce-Documents-TAXSCAN.jpg "ITAT Directs AO to Scrutinize Purchase of Shares After Assessee Fails to Produce Documents [Read Order]")
Failure to File Audit Report in Form 10CCB before ITR filing due date: ITAT disallows Deduction Claim u/s 80IC [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) recently ruled on a case where deduction claims under Section 80IC of the Income Tax Act, 1961 were disallowed due to the failure to...
![Failure to File Audit Report in Form 10CCB before ITR filing due date: ITAT disallows Deduction Claim u/s 80IC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Failure-File-Audit-Report-Form-10CCB-ITR-filing-due-date-ITAT-Deduction-Claim-taxscan.jpg "Failure to File Audit Report in Form 10CCB before ITR filing due date: ITAT disallows Deduction Claim u/s 80IC [Read Order]")
Appending phrase 'Yes' by PCIT is not valid approval u/s 151 of Income Tax Act: Delhi HC [Read Order]
In a significant ruling the Delhi High Court observed that appending phrase 'Yes' by the Principal Commissioner of Income Tax ( PCIT ) is not valid approval under Section 151 of the Income Tax Act,...
![Appending phrase Yes by PCIT is not valid approval u/s 151 of Income Tax Act: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Appending-PCIT-approval-Income-Tax-Act-Delhi-HC-taxscan-1.jpg "Appending phrase Yes by PCIT is not valid approval u/s 151 of Income Tax Act: Delhi HC [Read Order]")
Annual Letting Value of Unsold Flats cannot be added under section 22 of Income Tax Act: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) has held that the annual letting value of unsold flats cannot be added under section 22 of Income Tax Act, 1961. The Tribunal directed...
![Annual Letting Value of Unsold Flats cannot be added under section 22 of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/ITAT-Mumbai-Income-Tax-ITAT-Unsold-flats-taxation-Annual-letting-value-ALV-of-unsold-flats-taxscan.jpg "Annual Letting Value of Unsold Flats cannot be added under section 22 of Income Tax Act: ITAT [Read Order]")
Delay in payment of employees’ contribution of ESI & PF to Government: ITAT upholds Disallowance [Read Order]
The Income Tax Appellate Tribunal (ITAT) Bangalore bench observed that the assessee was delayed in the payment of employees' contribution to ESI and Provident Fund. Consequently, the bench upheld the...
![Delay in payment of employees’ contribution of ESI & PF to Government: ITAT upholds Disallowance [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Delay-payment-employees-contribution-ESI-PF-Government-ITAT-Disallowance-TAXSCAN.jpg "Delay in payment of employees’ contribution of ESI & PF to Government: ITAT upholds Disallowance [Read Order]")