![When Assessment Order Itself Turns to be Null and Void, the Same cannot be a Subject Matter of Revision u/s 263: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Assessment-Order-ITAT-taxscan.jpeg "When Assessment Order Itself Turns to be Null and Void, the Same cannot be a Subject Matter of Revision u/s 263: ITAT [Read Order]")
When Assessment Order Itself Turns to be Null and Void, the Same cannot be a Subject Matter of Revision u/s 263: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench, has recently, in an appeal filed before it held that when assessment order itself turns to...
![Failure of CIT(A) To Provide Document Verification Opportunity to AO, violates Provisions of Rule 46A (3) of the IT Rules: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Document-Verification-Opportunity-Verification-IT-Rules-ITAT-Taxscan.jpg "Failure of CIT(A) To Provide Document Verification Opportunity to AO, violates Provisions of Rule 46A (3) of the IT Rules: ITAT [Read Order]")
![Mere filing of Affidavit is not sufficient to prove the Capacity and Source of Persons who gave Money to Assessee: ITAT grants Rs.10 lakh Relief [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Mere-filing-of-Affidavit-sufficient-Capacity-and-Source-Capacity-Assessee-Money-to-Assessee-Money-ITAT-Relief-Income-Tax-taxscan.jpg "Mere filing of Affidavit is not sufficient to prove the Capacity and Source of Persons who gave Money to Assessee: ITAT grants Rs.10 lakh Relief [Read Order]")
![Rules framed by Board are Statutory in Nature: ITAT notes no violation of Rule 46A of Income Tax Rules [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Rule-Nature-ITAT-violation-Rule-Income-Tax-Rules-TAXSCAN.jpg "Rules framed by Board are Statutory in Nature: ITAT notes no violation of Rule 46A of Income Tax Rules [Read Order]")
Depreciation u/s 32 cannot be claimed on Assets Shared with Sister Concern under License Agreement: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that depreciation under section 32 of the Income Tax Act, 1961 cannot be claimed in respect of Assets shared with a sister...
![Depreciation u/s 32 cannot be claimed on Assets Shared with Sister Concern under License Agreement: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Depreciation-Assets-shared-Sister-Concern-License-Agreement-ITAT-taxscan.jpg "Depreciation u/s 32 cannot be claimed on Assets Shared with Sister Concern under License Agreement: ITAT [Read Order]")
"High-Pitched" assessment by AO in 'non-adversarial' tax regime: ITATÂ revises disallowance considering amount and lack of evidence [Read Order]
Gauhati Bench of Income Tax Appellate Tribunal ( ITAT ) allowed the decision made by the Assessing Officer (AO) to sustain the disallowance of expenses made by the AO under various heads of expenses...
![High-Pitched assessment by AO in non-adversarial tax regime: ITATÂ revises disallowance considering amount and lack of evidence [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/assessment-tax-regime-tax-ITAT-lack-of-evidence-evidence-taxscan.jpg "High-Pitched assessment by AO in non-adversarial tax regime: ITATÂ revises disallowance considering amount and lack of evidence [Read Order]")
Relief to Vinati Organics: ITAT confirms Treating Sale Tax Subsidy received as Capital Receipt [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) granted relief to M/s Vinati Organics Ltd, the assessee and confirmed treating sale tax subsidy received as capital receipt. The return...
![Relief to Vinati Organics: ITAT confirms Treating Sale Tax Subsidy received as Capital Receipt [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Vinati-Organics-ITAT-Sale-Tax-Subsidy-received-Capital-Receipt-TAXSCAN.jpg "Relief to Vinati Organics: ITAT confirms Treating Sale Tax Subsidy received as Capital Receipt [Read Order]")
No Income Tax Addition When Expenses are Shown under WIP and not added in Trading Account: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench consisting of Amit Shukla, Judicial Member and Amarjit Singh, Accountant Member held that no income tax addition can be made when expenses are...
![No Income Tax Addition When Expenses are Shown under WIP and not added in Trading Account: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/income-tax-addition-WIP-ITAT-TAXSCAN.jpg "No Income Tax Addition When Expenses are Shown under WIP and not added in Trading Account: ITAT [Read Order]")
Production and Sale of Tissue Culture Plants is Business Activity, Not Agricultural: ITAT Upholds Revision [Read Order]
The Income Tax Appellate Tribunal ( ITAT ) Hyderabad bench dismissed the appeal filed by the assessee and held that the production and sale of the tissue culture plant is a business activity, not an...
![Production and Sale of Tissue Culture Plants is Business Activity, Not Agricultural: ITAT Upholds Revision [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Production-Sale-Production-and-Sale-Tissue-Culture-Plants-Business-Activity-Agricultural-ITAT-taxscan.jpg "Production and Sale of Tissue Culture Plants is Business Activity, Not Agricultural: ITAT Upholds Revision [Read Order]")
![Income from Lease Charges on Multiplex is Business Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Income-tax-Lease-Charges-Multiplex-Business-Income-income-ITAT-taxscan.jpg "Income from Lease Charges on Multiplex is Business Income: ITAT [Read Order]")