![Benefits of Exemption of Income Tax to Charitable Organization cannot be Deprived due to Technical Lapses: ITAT Condones Delay of 1098 Days [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Benefits-Exemption-Income-Tax-Charitable-Organization-Deprived-due-Technical-Lapses-ITAT-Condones-Delay-TAXSCAN.jpg "Benefits of Exemption of Income Tax to Charitable Organization cannot be Deprived due to Technical Lapses: ITAT Condones Delay of 1098 Days [Read Order]")
Benefits of Exemption of Income Tax to Charitable Organization cannot be Deprived due to Technical Lapses: ITAT Condones Delay of 1098 Days [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) held that a charitable organization should not be deprived of the benefit of exemption...
![ITAT allows Capital Gain Exemption on Assessee who is not Exclusive Owner of Multiple Residential Properties Occupied by Other Family Members [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/ITAT-capital-gain-exemption-not-exclusive-owner-of-multiple-residential-properties-other-family-members-income-tax-taxscan.jpg "ITAT allows Capital Gain Exemption on Assessee who is not Exclusive Owner of Multiple Residential Properties Occupied by Other Family Members [Read Order]")
![Receipts from International Traffic pertaining to Voyage shall not be Chartered as ‘Royalty’: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Receipts-International-Traffic-Voyage-ITAT-Receipts-from-International-Traffic-pertaining-to-Voyage-Chartered-as-Royalty-ITAT-income-tax-taxscan.jpg "Receipts from International Traffic pertaining to Voyage shall not be Chartered as ‘Royalty’: ITAT [Read Order]")
![Cash deposited through Bank Accounts of Company during Demonetisation Period are not Unexplained Cash: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Cash-deposited-Bank-Accounts-Company-Demonetisation-Period-Unexplained-Cash-ITAT-TAXSCAN.jpg "Cash deposited through Bank Accounts of Company during Demonetisation Period are not Unexplained Cash: ITAT [Read Order]")
![Trust Activities of Sale of Plot, Flats and Commercial Booths are Charitable in Nature: ITAT Allows Exemption u/s 11 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Trust-Activities-of-Sale-of-Plot-Flats-and-Commercial-Booths-are-Charitable-in-Nature-ITAT-Allows-Exemption-Income-Tax-Act-TAXSCAN.jpg "Trust Activities of Sale of Plot, Flats and Commercial Booths are Charitable in Nature: ITAT Allows Exemption u/s 11 of Income Tax Act [Read Order]")
Assessing Officer Cannot Withdraw or Modify or Substitute Assessment Order Passed u/s 143(3) with another Assessment Order: ITAT [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has held that the Assessing Officer (AO) could not withdraw or modify or substitute assessment order passed under Section 143(3) of the Income...
![Assessing Officer Cannot Withdraw or Modify or Substitute Assessment Order Passed u/s 143(3) with another Assessment Order: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Assessing-Officer-Cannot-Withdraw-Modify-Substitute-Assessment-Order-Passed-another-Assessment-Order-ITAT-TAXSCAN.jpg "Assessing Officer Cannot Withdraw or Modify or Substitute Assessment Order Passed u/s 143(3) with another Assessment Order: ITAT [Read Order]")
Credits to Capital Account shown as Gift from assessee's Aunt are not Unexplained Credits :ITAT deletes Addition [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) has held that the credits to capital account shown as gift from assessee's aunt are not unexplained credits. Therefore,...
![Credits to Capital Account shown as Gift from assessees Aunt are not Unexplained Credits :ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Credits-Capital-Account-Gift-Aunt-Unexplained-Credits-ITAT-deletes-Addition-income-tax-income-tax-taxscan.jpg "Credits to Capital Account shown as Gift from assessees Aunt are not Unexplained Credits :ITAT deletes Addition [Read Order]")
NFAC cannot Adjudicate Appeals already Disposed of by CIT(A): ITAT direct Department to Pay Cost [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal (ITAT) has held that National Faceless Appellate Center (NFAC) could not adjudicate appeals already disposed of by Commissioner of Income Tax...
![NFAC cannot Adjudicate Appeals already Disposed of by CIT(A): ITAT direct Department to Pay Cost [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/NFAC-bound-NFAC-CBDT-CBDT-Circular-ITAT-Taxscan.jpg "NFAC cannot Adjudicate Appeals already Disposed of by CIT(A): ITAT direct Department to Pay Cost [Read Order]")
Notice u/s 143(2) of Income Tax Act is Condition Precedent for Framing of Income Tax Assessment: Madras HC [Read Order]
In a recent decision the Madras High Court ruled that the notice under Section 143(2) of Income Tax Act, 1961 is a condition precedent for framing of the income tax assessment. The petitioner,...
![Notice u/s 143(2) of Income Tax Act is Condition Precedent for Framing of Income Tax Assessment: Madras HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Income-Tax-Act-Condition-Precedent-Framing-Income-Tax-Assessment-Madras-HC-TAXSCAN.jpg "Notice u/s 143(2) of Income Tax Act is Condition Precedent for Framing of Income Tax Assessment: Madras HC [Read Order]")
Claim of LTCG u/s 10(38) of Income Tax Act Rejected due to Non submission of Documents: ITAT Quashes Order [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) quashed the order of the assessing officer (AO) for rejecting the claim of long-term capital gain (LTCG) under section 10(38) of the...
![Claim of LTCG u/s 10(38) of Income Tax Act Rejected due to Non submission of Documents: ITAT Quashes Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Claim-of-LTCG-Income-Tax-Act-Rejected-due-Non-submission-Documents-ITAT-TAXSCAN.jpg "Claim of LTCG u/s 10(38) of Income Tax Act Rejected due to Non submission of Documents: ITAT Quashes Order [Read Order]")
Appeal Not Maintainable on Non-Payment of Admitted Tax during Filing of Return u/s 249(4) of Income Tax Act: ITAT [Read Order]
The Amritsar Bench of Income Tax Appellate Tribunal (ITAT) held that the appeal order is not maintainable for violation of Section 249(4) of Income tax Act,1961 for non-payment of the admitted tax. ...
![Appeal Not Maintainable on Non-Payment of Admitted Tax during Filing of Return u/s 249(4) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Appeal-Not-Maintainable-Non-Payment-Admitted-Tax-during-Filing-of-Return-Income-Tax-Act-ITAT-TAXSCAN.jpg "Appeal Not Maintainable on Non-Payment of Admitted Tax during Filing of Return u/s 249(4) of Income Tax Act: ITAT [Read Order]")
No Penalty shall be levied u/s 270A of Income Tax Act on Inadvertently Reported Annual Value of House Property by Accountant: ITAT [Read Order]
The Chennai bench of Income Tax Appellate Tribunal (ITAT) has recently held that no penalty should be levied under Section 270A of Income Tax Act 1961 on inadvertently reported annual value of...
![No Penalty shall be levied u/s 270A of Income Tax Act on Inadvertently Reported Annual Value of House Property by Accountant: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/levy-Income-Tax-Act-Inadvertently-Report-Annual-Value-House-Property-Accountant-ITAT-Inadvertently-Income-Tax-Act-taxscan.jpg "No Penalty shall be levied u/s 270A of Income Tax Act on Inadvertently Reported Annual Value of House Property by Accountant: ITAT [Read Order]")