![ITAT disallows Indexed cost of Acquisition and improvement on Failure to produce Conveyance Deed [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/ITAT-cost-of-Acquisition-cost-of-Acquisition-and-improvement-on-Failure-taxscan.jpg "ITAT disallows Indexed cost of Acquisition and improvement on Failure to produce Conveyance Deed [Read Order]")
ITAT disallows Indexed cost of Acquisition and improvement on Failure to produce Conveyance Deed [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal (ITAT) has disallowed the indexed cost of acquisition and improvement on failure to produce...
![Comparison with Fair Market value of Loan Interest not Made while Making Disallowance u/s 40A(2)(a): ITAT Deletes Disallowance [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Comparison-with-Fair-Market-value-of-Loan-Interest-Fair-Market-value-Loan-Interest-ITAT-Deletes-Disallowance-income-tax-act-income-tax-Disallowance-ITAT-Fair-Market-value-of-Loan-Interest.jpg "Comparison with Fair Market value of Loan Interest not Made while Making Disallowance u/s 40A(2)(a): ITAT Deletes Disallowance [Read Order]")
![No Income Tax Addition can be made in the Absence of Incriminating Materials in respect of Unabated Assessment: ITAT Allows Assessees Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Income-Tax-Addition-Absence-of-Incriminating-Materials-Unabated-Assessment-ITAT-Allows-Assessees-Appeal-taxscan.jpg "No Income Tax Addition can be made in the Absence of Incriminating Materials in respect of Unabated Assessment: ITAT Allows Assessees Appeal [Read Order]")
![Failure to justify Genuine Reason for Delay in filing Appeal before Appellate Authority: ITAT denies Condonation for Delay [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Failure-to-justify-Genuine-Reason-for-Delay-in-filing-Appeal-Appellate-Authority-ITAT-denies-Condonation-for-Delay-TAXSCAN.jpg "Failure to justify Genuine Reason for Delay in filing Appeal before Appellate Authority: ITAT denies Condonation for Delay [Read Order]")
Addition on Unexplained Expenditure of Income not Justifiable when Income is Estimated u/s 44 AD of Income Tax Act: ITAT Deletes Income Tax Addition [Read Order]
The Bangalore Bench of Income Tax Appellate Tribunal (ITAT) held that addition under Section 69 of the Income Tax Act was not justifiable when the income was estimated under Section 44 A.D of the...
![Addition on Unexplained Expenditure of Income not Justifiable when Income is Estimated u/s 44 AD of Income Tax Act: ITAT Deletes Income Tax Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Addition-on-Unexplained-Expenditure-of-Income-not-Justifiable-when-Income-is-Estimated-Income-Tax-Act-ITAT-Deletes-Income-Tax-Addition-TAXSCAN.jpg "Addition on Unexplained Expenditure of Income not Justifiable when Income is Estimated u/s 44 AD of Income Tax Act: ITAT Deletes Income Tax Addition [Read Order]")
Deduction towards Remuneration of Partners, Not covered within Scope of "Limited Scrutiny": ITAT Quashes Revision Order [Read Order]
The Pune bench of the Income Tax Appellate Tribunal (ITAT) quashed the revision order on the ground of deduction made towards the remuneration of partners which was not covered within the scope of...
![Deduction towards Remuneration of Partners, Not covered within Scope of Limited Scrutiny: ITAT Quashes Revision Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Deduction-towards-Remuneration-of-Partners-Not-covered-within-Scope-of-Limited-Scrutiny-ITAT-Quashes-Revision-Order-TAXSCAN.jpg "Deduction towards Remuneration of Partners, Not covered within Scope of Limited Scrutiny: ITAT Quashes Revision Order [Read Order]")
Society not being Wholly/Substantially financed by Government can't raise Claim for Exemption u/s 10(23C)(iiiab) of Income Tax Act: ITAT [Read Order]
The Raipur bench of the Income Tax Appellate Tribunal (ITAT) held that the society not being wholly/substantially financed by the government cannot raise a claim for exemption under Section...
![Society not being Wholly/Substantially financed by Government cant raise Claim for Exemption u/s 10(23C)(iiiab) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Society-Society-not-being-Wholly-Government-Claim-Exemption-taxscan-1.jpg "Society not being Wholly/Substantially financed by Government cant raise Claim for Exemption u/s 10(23C)(iiiab) of Income Tax Act: ITAT [Read Order]")
Partial Acceptance of Expenses claimed Implies Expenses are Related to Business Activities of Assessee : ITAT Deletes Disallowance on Vehicle, Telephone and Salary expenses [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) held that 1/3rd disallowance of the said expenses and accepted the remaining expenses implies partially admission that the assessee has...
![Partial Acceptance of Expenses claimed Implies Expenses are Related to Business Activities of Assessee : ITAT Deletes Disallowance on Vehicle, Telephone and Salary expenses [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Partial-Acceptance-Partial-Acceptance-of-Expenses-Expenses-Partial-Acceptance-of-Expenses-claimed-Implies-Expenses-Business-Activities-taxscan.jpg "Partial Acceptance of Expenses claimed Implies Expenses are Related to Business Activities of Assessee : ITAT Deletes Disallowance on Vehicle, Telephone and Salary expenses [Read Order]")
Change in Individual Shareholding of Shareholders doesn't attract Section 79 of Income Tax Act: ITAT Allows Set off of Brought Forward Lossess [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) allowed set off of brought forward losses by holding that change in individual shareholding of the shareholders would also not attract the...
![Change in Individual Shareholding of Shareholders doesnt attract Section 79 of Income Tax Act: ITAT Allows Set off of Brought Forward Lossess [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Change-Individual-Shareholding-Shareholders-attract-Income-Tax-Act-ITAT-Allows-Set-off-Brought-Forward-Lossess-taxscan.jpg "Change in Individual Shareholding of Shareholders doesnt attract Section 79 of Income Tax Act: ITAT Allows Set off of Brought Forward Lossess [Read Order]")
![Re-Assessment without issuance of Notice u/s 143(2) is void: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Re-Assessment-issuance-of-notice-ITAT-Re-Assessment-without-issuance-of-notice-taxscan.jpg "Re-Assessment without issuance of Notice u/s 143(2) is void: ITAT [Read Order]")
ITAT Deletes Estimated Addition made by AO in Hypothetical Way by making Disallowance of Loss claimed by Assessee u/s 41 of Income Tax Act [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal (ITAT) has deleted the estimated addition made by the Assessing Officer (AO) in a hypothetical way by making disallowance of loss claimed by the...
![ITAT Deletes Estimated Addition made by AO in Hypothetical Way by making Disallowance of Loss claimed by Assessee u/s 41 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/ITAT-Estimated-AO-Hypothetical-Disallowance-Loss-claimed-Assessee-Income-Tax-Act-TAXSCAN.jpg "ITAT Deletes Estimated Addition made by AO in Hypothetical Way by making Disallowance of Loss claimed by Assessee u/s 41 of Income Tax Act [Read Order]")