![Receipt of Property by way of Inheritance, will not be treated as Income from Other Sources: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Receipt-of-property-income-from-other-sources-ITAT-taxscan.jpeg "Receipt of Property by way of Inheritance, will not be treated as Income from Other Sources: ITAT [Read Order]")
Receipt of Property by way of Inheritance, will not be treated as Income from Other Sources: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chennai held that on Receipt of property by way of inheritance, it will not be treated as income from other...
![No Penalty u/s 271(1)(c) upon Assessee for Duplication of Assets happening due to Mistakes at the Chartered Accountant Office: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Penalty-Duplication-Assets-Chartered-Accountant-Office-ITAT-taxscan.jpg "No Penalty u/s 271(1)(c) upon Assessee for Duplication of Assets happening due to Mistakes at the Chartered Accountant Office: ITAT [Read Order]")
![Non Appreciation of facts in true perspective: ITAT sets aside Revision Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/ITAT-Revision-Order-taxscan.jpeg "Non Appreciation of facts in true perspective: ITAT sets aside Revision Order [Read Order]")
![Immovable Property received without consideration as per Family settlement Memorandum is Taxable u/s 56(2)(vii)(b)(i): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Immovable-property-Family-settlement-Memorandum-ITAT-taxscan.jpg "Immovable Property received without consideration as per Family settlement Memorandum is Taxable u/s 56(2)(vii)(b)(i): ITAT [Read Order]")
![Activities of Society for Benefit of Investors and Potential Investors forming part of General Public, eligible for Income Tax Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Potential-Investors-Income-Tax-Deduction-ITAT-taxscan.jpeg "Activities of Society for Benefit of Investors and Potential Investors forming part of General Public, eligible for Income Tax Deduction: ITAT [Read Order]")
Addition on Discrepancy between Gross Receipts Shown in Income Tax Return and amount deducted as TDS or TCS: ITAT remits back matter [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune Bench remitted the matter back to the file as the addition was made on discrepancy between gross receipts shown in return of income and amount deducted...
![Addition on Discrepancy between Gross Receipts Shown in Income Tax Return and amount deducted as TDS or TCS: ITAT remits back matter [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/gross-receipts-return-of-income-TDS-or-TCS-ITAT-taxscan.jpeg "Addition on Discrepancy between Gross Receipts Shown in Income Tax Return and amount deducted as TDS or TCS: ITAT remits back matter [Read Order]")
![Reopening of Income Tax Assessment cannot be made on mere Change of Opinion: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Reopening-Income-Tax-ITAT-TAXSCAN-3.jpg "Reopening of Income Tax Assessment cannot be made on mere Change of Opinion: ITAT [Read Order]")
![Re-opening Notice can be issued u/s 147 in relation to Search and Seizure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Notice-Search-And-Seizure-ITAT-taxscan.jpg "Re-opening Notice can be issued u/s 147 in relation to Search and Seizure: ITAT [Read Order]")
Offering LTCG on Sale of Land by Fresh Cheques, not acceptable on pretext that there is no Cancellation of Registered Sale Deed: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench held that offering Long Term Capital Gain (LTCG) on sale of land by fresh cheques, not acceptable on pretext that there is no cancellation of...
![Offering LTCG on Sale of Land by Fresh Cheques, not acceptable on pretext that there is no Cancellation of Registered Sale Deed: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/LTCG-sale-of-land-cheques-sale-deed-ITAT-taxscan.jpg "Offering LTCG on Sale of Land by Fresh Cheques, not acceptable on pretext that there is no Cancellation of Registered Sale Deed: ITAT [Read Order]")
Claim for Deduction on Land vacation Compensation Charges allowed without specific enquiry: ITAT upholds Revisional Order
Claim for deduction on account of land vacation compensation charges allowed without specific enquiry by the AO, the Ahmedabad bench of Income Tax Appellate Tribunal (ITAT) upheld the revisional...
Withdrawal of Interest on Refund u/s 244 A(2) is beyond the Scope of Rectification u/s 154: ITAT Quashes Order [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bench Mumbai, has recently in a writ petition filed before it, held that the withdrawal of interest on refund u/s 244 A (2), is beyond the scope of...
![Withdrawal of Interest on Refund u/s 244 A(2) is beyond the Scope of Rectification u/s 154: ITAT Quashes Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/Interest-On-Refund-ITAT-taxscan.jpg "Withdrawal of Interest on Refund u/s 244 A(2) is beyond the Scope of Rectification u/s 154: ITAT Quashes Order [Read Order]")
Notional Rent not applicable to Unsold Flats of Real Estate Business: ITAT quashes Revisional Order [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Mumbai, has recently while quashing a revisional order in a writ petition filed before it , held that notional rent will not be applicable to unsold...
![Notional Rent not applicable to Unsold Flats of Real Estate Business: ITAT quashes Revisional Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/Notional-Rent-Unsold-Flats-Real-Estate-Business-ITAT-Revisional-Order-taxscan.jpg "Notional Rent not applicable to Unsold Flats of Real Estate Business: ITAT quashes Revisional Order [Read Order]")