![Sale Proceeds of Agricultural Land Not Taxable as Capital Gain: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Sale-Proceeds-of-Agricultural-Land-Sale-Proceeds-Agricultural-Land-Capital-Gain-ITAT-taxscan.jpg "Sale Proceeds of Agricultural Land Not Taxable as Capital Gain: ITAT [Read Order]")
Sale Proceeds of Agricultural Land Not Taxable as Capital Gain: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chennai Bench, has recently, in an appeal filed before it, held that sale proceeds of agricultural land is...
![Road Construction Expenses Incurred to provide Easy and Smooth Access from Highway to Factory Allowable as Business Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Road-Construction-Expenses-Road-Construction-Business-Expenditure-ITAT-Income-Tax-Highway-Factory-taxscan-.jpg "Road Construction Expenses Incurred to provide Easy and Smooth Access from Highway to Factory Allowable as Business Expenditure: ITAT [Read Order]")
![Premium paid by Company towards Life Insurance Policy of Director in Individual Capacity Not “Business Expenditure”: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Premium-paid-Premium-Life-Insurance-Policy-Life-Insurance-Business-Expenditure-ITAT-Income-Tax-Tax-taxscan.jpg "Premium paid by Company towards Life Insurance Policy of Director in Individual Capacity Not “Business Expenditure”: ITAT [Read Order]")
![S. 50C Not Applicable to Buyer of Property: ITAT directs Re-do Addition u/s 56(2)(vii) [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Buyer-of-Property-ITAT-Re-do-Addition-TAXSCAN.jpg "S. 50C Not Applicable to Buyer of Property: ITAT directs Re-do Addition u/s 56(2)(vii) [Read Order]")
![Issue Not subject to Limited Scrutiny cannot be raised in Revisionary Proceedings: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Scrutiny-Revisionary-Proceedings-ITAT-Limited-Scrutiny-taxscan.jpg "Issue Not subject to Limited Scrutiny cannot be raised in Revisionary Proceedings: ITAT [Read Order]")
Business support services is not ‘Technical service’ as ‘make available’ clause not satisfied under DTAA: ITAT deletes addition [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal ( ITAT ) deleted the addition made by the Assessing Officer (AO) stating addition made on account of fee for technical services is unsustainable. ...
![Business support services is not ‘Technical service’ as ‘make available’ clause not satisfied under DTAA: ITAT deletes addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Business-support-services-services-Business-Technical-service-DTAA-ITAT-taxscan.jpg "Business support services is not ‘Technical service’ as ‘make available’ clause not satisfied under DTAA: ITAT deletes addition [Read Order]")
Difference b/w Sale Consideration and Stamp Duty Valuation is Less than 10%: ITAT deletes Addition u/s 50C [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal (ITAT) deleted the addition under section 50C of the Income Tax Act,1961 as the difference between the Sale Consideration and Stamp Duty...
![Difference b/w Sale Consideration and Stamp Duty Valuation is Less than 10%: ITAT deletes Addition u/s 50C [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Sale-Consideration-and-Stamp-Duty-Valuation-ITAT-TAXSCAN.jpg "Difference b/w Sale Consideration and Stamp Duty Valuation is Less than 10%: ITAT deletes Addition u/s 50C [Read Order]")
Income earned by Builder from letting out of Property is assessable under head of 'Income from Business' when objective in MOA is letting out of Property: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) has held that income earned by the Builder from letting out of the property is assessable under the head of “Income from Business” when...
![Income earned by Builder from letting out of Property is assessable under head of Income from Business when objective in MOA is letting out of Property: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Income-Builder-property-Income-from-Business-MOA-letting-out-of-Property-ITAT-taxscan.jpg "Income earned by Builder from letting out of Property is assessable under head of Income from Business when objective in MOA is letting out of Property: ITAT [Read Order]")
Order passed by TPO u/s 92CA(3A) on 30 May 2014 is barred by limitation: ITAT deletes Transfer Pricing Adjustment [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that the Order passed by TPO under section 92CA(3A) of the Income Tax Act,1961 on 30 May 2014 is barred by limitation and deleted...
![Order passed by TPO u/s 92CA(3A) on 30 May 2014 is barred by limitation: ITAT deletes Transfer Pricing Adjustment [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Order-TPO-ITAT-Transfer-pricing-Adjustment-taxscan.jpg "Order passed by TPO u/s 92CA(3A) on 30 May 2014 is barred by limitation: ITAT deletes Transfer Pricing Adjustment [Read Order]")
Filing of Income Tax Return within Due Date is Mandatory Not Directory to Claim Benefit u/s 10A: ITAT [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal (ITAT) has held that the filing of the income tax return under section 139 of the Income Tax Act, 1961 is mandatory not directory to claim the...
![Filing of Income Tax Return within Due Date is Mandatory Not Directory to Claim Benefit u/s 10A: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Filing-of-Income-Tax-Return-Income-Tax-Return-Income-Tax-Due-Date-Mandatory-Claim-Benefit-ITAT-taxscan.jpg "Filing of Income Tax Return within Due Date is Mandatory Not Directory to Claim Benefit u/s 10A: ITAT [Read Order]")
Non Supply of Material referred to as ‘Reasons to believe’: Rajasthan HC quashes Reopening of Assessment [Read Order]
“A statement of a person, which is not relatable to any incriminating document or material found during search and seizure operation cannot, by itself, trigger the assessment.” The Rajasthan High...
![Non Supply of Material referred to as ‘Reasons to believe’: Rajasthan HC quashes Reopening of Assessment [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Supply-of-Material-Rajasthan-Highcourt-Reopening-of-Assessment-taxscan.jpg "Non Supply of Material referred to as ‘Reasons to believe’: Rajasthan HC quashes Reopening of Assessment [Read Order]")
![Assessing Officer cannot refer matter to DVO without rejecting Books of Account: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Assessing-Officer-DVO-Books-of-Account-ITAT-taxscan.jpg "Assessing Officer cannot refer matter to DVO without rejecting Books of Account: ITAT [Read Order]")