![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]")
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...
![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]](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]")
![Burden to Prove Genuineness of Large Volume of Cash Deposit as Gift to Grandson During Demonetization Lies on Assessee: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Large-Volume-Cash-Deposit-Gift-Grandson-Born-Demonetization-Business-Man-ITAT-TAXSCAN.jpg "Burden to Prove Genuineness of Large Volume of Cash Deposit as Gift to Grandson During Demonetization Lies on Assessee: ITAT [Read Order]")
Allegation of under Statement of Revenue in P&L account is Baseless as TDS is Deducted on VAT Amount: ITAT quashes Revisionary Order [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) held that the allegation of Principal Commissioner of Income Tax (PCIT) that the assessee has under stated the revenue shown in ...
![Allegation of under Statement of Revenue in P&L account is Baseless as TDS is Deducted on VAT Amount: ITAT quashes Revisionary Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Allegation-Allegation-of-under-Statement-of-Revenue-Revenue-P-L-account-TDS-taxscan.jpg "Allegation of under Statement of Revenue in P&L account is Baseless as TDS is Deducted on VAT Amount: ITAT quashes Revisionary Order [Read Order]")
No Addition u/s 68 of Income Tax Act can be Made if Investor of the Assessee Company proves its Source of Investment: ITAT [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) held that If investor prove its source of investment, then no addition can be made in the hands of assessee company and the addition made...
![No Addition u/s 68 of Income Tax Act can be Made if Investor of the Assessee Company proves its Source of Investment: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Income-Tax-Act-Income-Tax-Investor-Company-proves-its-Source-of-Investment-Company-Source-of-Investment-Investment-Taxscan.jpg "No Addition u/s 68 of Income Tax Act can be Made if Investor of the Assessee Company proves its Source of Investment: ITAT [Read Order]")
Depreciation on Solar Power Plant shall be allowed if Electricity is Generated for captive use of Factory: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) held that the depreciation on Solar Power Plants shall be allowed if electricity is generated for the captive use of the factory. The...
![Depreciation on Solar Power Plant shall be allowed if Electricity is Generated for captive use of Factory: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Depreciation-Solar-Power-Plant-Depreciation-on-Solar-Power-Depreciation-on-Solar-Power-Plant-shall-be-allowed-if-Electricity-is-Generated-for-captive-use-of-Factory-ITAT-taxscan.jpg "Depreciation on Solar Power Plant shall be allowed if Electricity is Generated for captive use of Factory: ITAT [Read Order]")
Not Enquiring Huge Cash Deposit in Demonetized Currency is Violation of Provisions Dealing in Demonetized Currency: ITAT upholds Revision Order [Read Order]
The Hyderabad Bench of Income Tax Appellate Tribunal (ITAT) has upheld the revision order holding that not enquiring huge cash deposits in demonetized currency was a violation of provisions dealing...
![Not Enquiring Huge Cash Deposit in Demonetized Currency is Violation of Provisions Dealing in Demonetized Currency: ITAT upholds Revision Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Huge-Cash-Deposit-Demonetized-Currency-Violation-of-Provisions-ITAT-upholds-Revision-Order-ITAT-Revision-Order-Income-Tax-taxscan.jpg "Not Enquiring Huge Cash Deposit in Demonetized Currency is Violation of Provisions Dealing in Demonetized Currency: ITAT upholds Revision Order [Read Order]")
ITAT deletes Penalty Imposed u/s 271AAB of Income Tax Act on account of Cash received by Minor Grandson on Birthday during Search Proceedings [Read Order]
The Income Tax Appellate Tribunal (ITAT) Ahmedabad Bench deleted the penalty imposed under Section 271AAB of Income Tax Act, 1961 on account of cash received by a minor grandson on birthday during...
![ITAT deletes Penalty Imposed u/s 271AAB of Income Tax Act on account of Cash received by Minor Grandson on Birthday during Search Proceedings [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/ITAT-deletes-Penalty-Imposed-Income-Tax-Act-on-account-of-Cash-received-by-Minor-Grandson-On-Birthday-during-Search-Proceedings-TAXSCAN.jpg "ITAT deletes Penalty Imposed u/s 271AAB of Income Tax Act on account of Cash received by Minor Grandson on Birthday during Search Proceedings [Read Order]")
Payment for architectural design could not be classified as royalty under Article 12(3) of India Singapore DTAA: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal held that Payments made in consideration of architectural design could not be classified as royalty under Article 12(3) of India Singapore Double...
![Payment for architectural design could not be classified as royalty under Article 12(3) of India Singapore DTAA: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Payment-architectural-classified-royalty-Article-India-Singapore-DTAA-ITAT-taxscan.jpg "Payment for architectural design could not be classified as royalty under Article 12(3) of India Singapore DTAA: ITAT [Read Order]")
AO passes Assessment Order without the Mandatory Requirements u/s 144C (1) of Income Tax Act: ITAT quashes Order [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) held that the assessing officer passed the order without complying with the mandatory requirement, and thus set aside the order of CIT(A)...
![AO passes Assessment Order without the Mandatory Requirements u/s 144C (1) of Income Tax Act: ITAT quashes Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/AO-assessment-order-mandatory-requirements-Income-Tax-Act-ITAT-TAXSCAN.jpg "AO passes Assessment Order without the Mandatory Requirements u/s 144C (1) of Income Tax Act: ITAT quashes Order [Read Order]")