![Assessee can’t be Penalized for Fault of CA: ITAT Condones Delay of 1430 days in filing Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/ITAT-ITAT-Ahmedabad-CA-assessee-cannot-be-penalized-Fault-of-CA-Condones-Delay-Chartered-Accountant-NFAC-taxscan.jpg "Assessee can’t be Penalized for Fault of CA: ITAT Condones Delay of 1430 days in filing Appeal [Read Order]")
Assessee can’t be Penalized for Fault of CA: ITAT Condones Delay of 1430 days in filing Appeal [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal ( ITAT ) held that an assessee cannot be penalized for the fault of their Chartered...
![No Undue Delay in Submitting Reply to SCN: Himachal Pradesh HC sets aside u/s 143 (3) of Income Tax Act and remits matter back to PCIT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/Himachal-Pradesh-High-Court-Principal-Commissioner-of-Income-Tax-SCN-Delay-in-Reply-to-SCN-taxscan-2.jpg "No Undue Delay in Submitting Reply to SCN: Himachal Pradesh HC sets aside u/s 143 (3) of Income Tax Act and remits matter back to PCIT [Read Order]")
![Treating Cash Deposit During Demonetization as unexplained cash without rejecting Books of account is Invalid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/ITAT-Income-Tax-Appellate-Tribunal-ITAT-delhi-Cash-Deposit-taxscan.jpg "Treating Cash Deposit During Demonetization as unexplained cash without rejecting Books of account is Invalid: ITAT [Read Order]")
![Adhoc Disallowance made without Rejecting Books of Account is Invalid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Adhoc-Disallowance-Rejecting-Books-of-Account-ITAT-TAXSCAN.jpg "Adhoc Disallowance made without Rejecting Books of Account is Invalid: ITAT [Read Order]")
AO Misconstrued Directions given by PCIT in Revisionary Order regarding Payment of Loans: ITAT directs re adjudication [Read Order]
The Kolkata bench of Income Tax Appellate Tribunal (ITAT) directed readjudication on finding that the assessing officer misconstrued the directions given by the Principle Commissioner of Income Tax...
![AO Misconstrued Directions given by PCIT in Revisionary Order regarding Payment of Loans: ITAT directs re adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/AO-Misconstrued-Directions-PCIT-Revisionary-Order-Payment-of-Loans-ITAT-re-adjudication-TAXSCAN.jpg "AO Misconstrued Directions given by PCIT in Revisionary Order regarding Payment of Loans: ITAT directs re adjudication [Read Order]")
Denial of Virtual Hearing on Ground that it was not in Prescribed Form: Kerala HC quashes Re-Assessment Order under Income Tax Act [Read Order]
The Kerala High Court quashed re-assessment order under the Income Tax Act, 1961 in the matter regarding the denial of virtual hearing on ground that it was not in prescribed form. The present...
![Denial of Virtual Hearing on Ground that it was not in Prescribed Form: Kerala HC quashes Re-Assessment Order under Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Denial-of-Virtual-Hearing-Ground-Prescribed-Form-Kerala-HC-Re-Assessment-Order-Income-Tax-Act-taxscan.jpg "Denial of Virtual Hearing on Ground that it was not in Prescribed Form: Kerala HC quashes Re-Assessment Order under Income Tax Act [Read Order]")
Assessee demonstrates Reasonable Cause for Cash Loan Availment u/s 273 B: ITAT deletes Penalty u/s 271D [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal ( ITAT ) deleted the penalty under Section 271D of the Income Tax Act, 1961 emphasizing a reasonable cause for cash loan availment and...
![Assessee demonstrates Reasonable Cause for Cash Loan Availment u/s 273 B: ITAT deletes Penalty u/s 271D [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/demonstrates-Reasonable-Cause-Cash-Loan-Availment-us-273-B-ITAT-Penalty-us-271D-TAXSCAN.jpg "Assessee demonstrates Reasonable Cause for Cash Loan Availment u/s 273 B: ITAT deletes Penalty u/s 271D [Read Order]")
![ITAT quashes Assessment Order passed on Violation of Principles of Natural Justice [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-Assessment-Order-Violation-of-Principles-of-Natural-Justice-taxscan.jpg "ITAT quashes Assessment Order passed on Violation of Principles of Natural Justice [Read Order]")
Interest earned on deposits kept for Business cannot be taxed as Income from other Sources: ITAT [Read Order]
The Delhi bench of Income Tax Appellate Tribunal ( ITAT ) ruled that interest earned on deposits kept for the purpose of business could not be taxed under income from other sources. The Appeal was...
![Interest earned on deposits kept for Business cannot be taxed as Income from other Sources: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Interest-earned-deposits-Business-Income-from-other-Sources-ITAT-taxscan.jpg "Interest earned on deposits kept for Business cannot be taxed as Income from other Sources: ITAT [Read Order]")
Absence of Generated DIN in Notice of demand u/s 156 of Income Tax Act: ITAT quashes assessment order and Notice demand [Read Order]
In a major ruling, The Income Tax Appellate Tribunal (ITAT) quashed the assessment order and notice of demand under Section 156 of the Income Tax Act, 1961, due to the absence of a generated Document...
![Absence of Generated DIN in Notice of demand u/s 156 of Income Tax Act: ITAT quashes assessment order and Notice demand [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/DIN-Notice-of-demand-Income-Tax-Act-ITAT-taxscan.jpg "Absence of Generated DIN in Notice of demand u/s 156 of Income Tax Act: ITAT quashes assessment order and Notice demand [Read Order]")
Non Fulfilment of Conditions Prescribed in Provisions of Section 245C(1) of Income Tax Act: Kerala HC Dismisses Writ Petition
In a single judge verdict of the Kerala High Court rejected the assessee’s writ petition as the conditions prescribed in the provisions of Section 245C(1) of Income Tax Act have not been fulfilled. ...
