![Principle of Res Judicata not Applicable to Income Tax Proceedings as Each Year is a Separate Event: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Principle-of-Res-Judicata-Income-Tax-Proceedings-ITAT-Income-Tax-taxscan.jpg "Principle of Res Judicata not Applicable to Income Tax Proceedings as Each Year is a Separate Event: ITAT [Read Order]")
Principle of Res Judicata not Applicable to Income Tax Proceedings as Each Year is a Separate Event: ITAT [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has held that the principle of Res judicata would not be applicable to the income tax...
![Failure to prove sufficient cause to condone delay in filing appeal against revision order passed u/s 263 of Income Tax Act: ITAT dismisses appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Failure-to-prove-sufficient-cause-to-condone-delay-filing-appeal-against-revision-order-condone-delay-Income-Tax-Act-revision-order-ITAT-dismisses-appeal-ITAT-appeal-taxscan.jpg "Failure to prove sufficient cause to condone delay in filing appeal against revision order passed u/s 263 of Income Tax Act: ITAT dismisses appeal [Read Order]")
![Mere System Error is no basis for Disallowance: ITAT allows full Deduction to Assessee u/s 10AA after Re-computation by AO [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Mere-system-error-is-no-basis-for-disallowance-ITAT-allows-full-deduction-re-computation-by-AO-TAXSCAN.jpg "Mere System Error is no basis for Disallowance: ITAT allows full Deduction to Assessee u/s 10AA after Re-computation by AO [Read Order]")
![Capital Gain Deduction u/s 54F of Income Tax Act cannot be Denied due to Failure of Assessee to Furnish Complete Details: ITAT Restores Matter to CIT (E) [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Capital-Gain-Deduction-Income-Tax-Act-Denied-Failure-Assessee-Furnish-ITAT-TAXSCAN.jpg "Capital Gain Deduction u/s 54F of Income Tax Act cannot be Denied due to Failure of Assessee to Furnish Complete Details: ITAT Restores Matter to CIT (E) [Read Order]")
![ITAT upholds VAT Remission Disallowance as assessee Fails to raise issue of allowabiility of Subsidies under Chapter VI A [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/ITAT-VAT-Remission-Disallowance-assessee-allowabiility-Subsidies-TAXSCAN.jpg "ITAT upholds VAT Remission Disallowance as assessee Fails to raise issue of allowabiility of Subsidies under Chapter VI A [Read Order]")
Failure to Discharge onus to Prove Genuineness of cash credited by cheques in various Bank Accounts: ITAT Restores matter to file of AO [Read Order]
The Income Tax Appellate Tribunal (ITAT) Delhi bench held that assessee was failed to discharge the onus to prove genuineness of cash credited by cheques in various bank accounts. Assessee Ashok...
![Failure to Discharge onus to Prove Genuineness of cash credited by cheques in various Bank Accounts: ITAT Restores matter to file of AO [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Failure-Discharge-Prove-Genuineness-cash-credited-cheques-Bank-Accounts-ITAT-AO-TAXSCAN.jpg "Failure to Discharge onus to Prove Genuineness of cash credited by cheques in various Bank Accounts: ITAT Restores matter to file of AO [Read Order]")
ITAT Confirms 25% Deduction in DLC Rate on Account of Passing of IOCL Pipeline in Middle Part of Land [Read Order]
The Jaipur Bench of the Income Tax Appellate Tribunal (ITAT), confirmed 25% deduction in District Level Committee (DLC) rate on account of passing of the Indian Oil Corporation Limited (IOCL)...
![ITAT Confirms 25% Deduction in DLC Rate on Account of Passing of IOCL Pipeline in Middle Part of Land [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/ITAT-Confirms-25-Deduction-in-DLC-Rate-ITAT-Deduction-in-DLC-Rate-DLC-Rate-Passing-of-IOCL-Pipeline-in-Middle-Part-of-Land-IOCL-Pipeline-Taxscan.jpg "ITAT Confirms 25% Deduction in DLC Rate on Account of Passing of IOCL Pipeline in Middle Part of Land [Read Order]")
Imposition of Penalty u/s 271(1) of Income Tax Act can't be made without Proper Record of Satisfaction: ITAT [Read Order]
The Hyderabad bench of the Income Tax Appellate Tribunal (ITAT) held that the imposition of the penalty under Section 271(1) of the Income Tax Act, 1961 cannot be made without a proper record of...
![Imposition of Penalty u/s 271(1) of Income Tax Act cant be made without Proper Record of Satisfaction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Imposition-Penalty-Imposition-of-Penalty-Income-Tax-Act-ITAT.jpg "Imposition of Penalty u/s 271(1) of Income Tax Act cant be made without Proper Record of Satisfaction: ITAT [Read Order]")
No Fresh Assessment can be Directed by CIT if AO Choose not to Make Any Addition on Income Tax: ITAT Condones Delay of 319 Days [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal (ITAT), condoned delay of 319days in filing the appeal and held that when once Assessing Officer (AO) took one of the possible views and chose not...
![No Fresh Assessment can be Directed by CIT if AO Choose not to Make Any Addition on Income Tax: ITAT Condones Delay of 319 Days [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Fresh-Assessment-Directed-CIT-AO-Addition-Income-Tax-ITAT-Condones-Delay-TAXSCAN.jpg "No Fresh Assessment can be Directed by CIT if AO Choose not to Make Any Addition on Income Tax: ITAT Condones Delay of 319 Days [Read Order]")
Penalty Proceedings for Concealment of Income not sustainable when Notice issued by AO is Vague and Ambiguous: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) held that the penalty proceedings for concealment of income are not sustainable when the notice issued by the Assessing Officer is vague...
![Penalty Proceedings for Concealment of Income not sustainable when Notice issued by AO is Vague and Ambiguous: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Penalty-Proceedings-for-Concealment-of-Income-sustainable-when-Notice-Ambiguous-ITAT-TAXSCAN.jpg "Penalty Proceedings for Concealment of Income not sustainable when Notice issued by AO is Vague and Ambiguous: ITAT [Read Order]")
No Power to Review by Reopening Assessment under Section 147 of Income Tax Act if no Addition made by AO During Original Assessment : ITAT [Read Order]
The Surat Bench of Income Tax Appellate Tribunal (ITAT) held that Assessing Officer has no power to review by reopening assessment under Section 147 of the Income Tax Act,1961 if no addition is made...
![No Power to Review by Reopening Assessment under Section 147 of Income Tax Act if no Addition made by AO During Original Assessment : ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/No-Power-to-Review-by-Reopening-Assessment-Income-Tax-Act-if-no-Addition-made-by-AO-During-Original-Assessment-ITAT-TAXSCAN.jpg "No Power to Review by Reopening Assessment under Section 147 of Income Tax Act if no Addition made by AO During Original Assessment : ITAT [Read Order]")
Quantum of Disallowance made by AO Excessive and unreasonably High: ITAT Reduces Disallowance [Read Order]
The Lucknow Bench of Income Tax Appellate Tribunal (ITAT) has reduced the disallowance as the quantum of disallowance made by the Assessing Officer (AO) was excessive and unreasonably high. In...
![Quantum of Disallowance made by AO Excessive and unreasonably High: ITAT Reduces Disallowance [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Quantum-Quantum-of-Disallowance-Disallowance-AO-taxscan.jpg "Quantum of Disallowance made by AO Excessive and unreasonably High: ITAT Reduces Disallowance [Read Order]")