![Income Tax Penalty u/s 270A cannot be Levied when Disallowance made on Estimate Basis: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Disallowance-Income-Tax-Penalty-Estimate-Basis-ITAT-Income-Tax-Taxscan.jpg "Income Tax Penalty u/s 270A cannot be Levied when Disallowance made on Estimate Basis: ITAT [Read Order]")
Income Tax Penalty u/s 270A cannot be Levied when Disallowance made on Estimate Basis: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chennai Bench, has recently, in an appeal filed before it, held that income tax penalty under Section 270A...
![Section 54F Deduction can be Allowed even if Amount not Deposited in Capital Gains Account Scheme: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Deduction-Amount-not-Deposited-Capital-Gains-Account-Scheme-Capital-Gain-ITAT-Income-Tax-Taxscan.jpg "Section 54F Deduction can be Allowed even if Amount not Deposited in Capital Gains Account Scheme: ITAT [Read Order]")
![Reopening of Assessment without any Tangible Information is not valid: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Reopening-of-Assessment-Tangible-Information-Bombay-High-Court-Assessment-Taxscan.jpg "Reopening of Assessment without any Tangible Information is not valid: Bombay HC [Read Order]")
![TDS Credit in respect of Interest Received from Deceased Wife’s Deposit cannot be Denied to Assessee: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/TDS-Credit-TDS-Interest-Received-Interest-Deposit-Deceased-Wife-Assessee-ITAT-Taxscan.jpg "TDS Credit in respect of Interest Received from Deceased Wife’s Deposit cannot be Denied to Assessee: ITAT [Read Order]")
![Rent from Sub-Letting Property Taxable as “Income from Other Sources”: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Rent-Sub-Letting-Property-Taxable-Income-from-Other-Sources-ITAT-Taxscan.jpg "Rent from Sub-Letting Property Taxable as “Income from Other Sources”: ITAT [Read Order]")
ITAT Condones Delay of 9 years in absence of Proper Intimation u/s 143(1) of the Income Tax Act [Read Order]
The Amritsar Bench of the Income Tax Appellate Tribunal ( ITAT ) condoned the delay of 9 years in absence of proper intimation under section 143(1) of the Income Tax Act, 1961. M.K. Hotels &...
![ITAT Condones Delay of 9 years in absence of Proper Intimation u/s 143(1) of the Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/ITAT-Condones-Delay-Income-Tax-Act-Income-Tax-Tax-Taxscan.jpg "ITAT Condones Delay of 9 years in absence of Proper Intimation u/s 143(1) of the Income Tax Act [Read Order]")
![Compliance with Natural Justice Principles Mandatory under Faceless Scheme: ITAT to CPC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Natural-Justice-Principles-Faceless-Scheme-ITAT-CPC-taxscan.jpg "Compliance with Natural Justice Principles Mandatory under Faceless Scheme: ITAT to CPC [Read Order]")
Disallowance of EPF shall be Added while Taxing 40% of Income from Tea Plantation Business as Business Income: ITAT [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal (ITAT) has held that the disallowance of Employment Provident Fund (EPF) shall be added while taxing 40% of income from tea plantation business...
![Disallowance of EPF shall be Added while Taxing 40% of Income from Tea Plantation Business as Business Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Disallowance-of-EPF-EPF-Income-from-Tea-Plantation-Business-Tea-Plantation-Business-Business-Income-ITAT-taxscan.jpg "Disallowance of EPF shall be Added while Taxing 40% of Income from Tea Plantation Business as Business Income: ITAT [Read Order]")
Interest granted by Court Order on Enhanced Compensation on Land Acquisition from Date of Possession till Judgment Not Taxable: ITAT [Read Order]
The Pune Bench of Income Tax Appellate Tribunal (ITAT) has held that the interest granted by court order on enhanced compensation on land acquisition from the date of possession till the date of...
![Interest granted by Court Order on Enhanced Compensation on Land Acquisition from Date of Possession till Judgment Not Taxable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Interest-Court-Order-Land-Acquisition-Judgment-Taxable-ITAT-TAXSCAN.jpg "Interest granted by Court Order on Enhanced Compensation on Land Acquisition from Date of Possession till Judgment Not Taxable: ITAT [Read Order]")
Condonation Application Not Required when Delay is Condoned by CBDT Circular: ITAT Allows Deduction Claim [Read Order]
The Bangalore Income Tax Appellate Tribunal (ITAT)has recently while allowing the deduction claim of assessee held that condonation of application was not required when the delay were condoned...
![Condonation Application Not Required when Delay is Condoned by CBDT Circular: ITAT Allows Deduction Claim [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Condonation-Application-Condoned-Delay-CBDT-Circular-ITAT-deduction-Claim-taxscan.jpg "Condonation Application Not Required when Delay is Condoned by CBDT Circular: ITAT Allows Deduction Claim [Read Order]")
Assessee can’t Suffer due to Delay on the part of Deductor in Updating PAN of Legal Heir: ITAT Allows TDS Credit [Read Order]
The Income Tax Appellate Tribunal (ITAT), Amritsar, has recently, in an appeal filed before it, while allowing TDS credit, held that the assessee cannot suffer due to the delay on part of the...
![Assessee can’t Suffer due to Delay on the part of Deductor in Updating PAN of Legal Heir: ITAT Allows TDS Credit [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Assessee-PAN-of-Legal-Heir-ITAT-TDS-TDS-Credit-taxscan.jpg "Assessee can’t Suffer due to Delay on the part of Deductor in Updating PAN of Legal Heir: ITAT Allows TDS Credit [Read Order]")
Appellate Authorities Should Not Cite Procedure as A Tool/Ruse to Deny the Just Claim of An Assessee: ITAT [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal ( ITAT ) has held that the appellate authority should not cite procedure as a tool or ruse to deny the just claim of an assessee. The Assessing...
![Appellate Authorities Should Not Cite Procedure as A Tool/Ruse to Deny the Just Claim of An Assessee: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Appellate-Authorities-Claim-ITAT-Income-Tax-taxscan.jpg "Appellate Authorities Should Not Cite Procedure as A Tool/Ruse to Deny the Just Claim of An Assessee: ITAT [Read Order]")