![Failure to prove source of cash deposit in Canara Bank by assessee and Income Tax department: ITAT directs AO to Reduce Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/source-of-cash-deposit-Canara-Bank-Income-Tax-department-ITAT-AO-taxscan.jpg "Failure to prove source of cash deposit in Canara Bank by assessee and Income Tax department: ITAT directs AO to Reduce Addition [Read Order]")
Failure to prove source of cash deposit in Canara Bank by assessee and Income Tax department: ITAT directs AO to Reduce Addition [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chennai bench, directed the Assessing Officer to reduce the addition due to the failure to prove the source...
![Assessee has Sufficient Source of Income beyond Doubt for Investment in Immovable Property: ITAT deletes Addition for Unexplained Source of Income [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/No-Excise-Duty-Demand-Data-Received-on-Pen-Drive-Reliable-Evidence-CESTAT-taxscan.jpg "Assessee has Sufficient Source of Income beyond Doubt for Investment in Immovable Property: ITAT deletes Addition for Unexplained Source of Income [Read Order]")
![Re-assessment Proceedings under the Income Tax Act cannot be triggered qua Aspects Which AO Already Formed an Opinion: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Re-assessment-Proceedings-Income-Tax-Act-Income-Tax-Re-assessment-Proceedings-under-the-Income-Tax-Act-cannot-be-triggered-qua-Aspects-Which-AO-AO-Delhi-HC-taxscan-1.jpg "Re-assessment Proceedings under the Income Tax Act cannot be triggered qua Aspects Which AO Already Formed an Opinion: Delhi HC [Read Order]")
![Assessment Order Passed u/s 144 rws 147 of Income Tax Act without DIN shall be treated as invalid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Assessment-Order-Passed-Under-Section-144-rws-ITAT-Income-Tax-Income-Tax-Act-DIN-Document-Identification-Number-TAXSCAN.jpg "Assessment Order Passed u/s 144 rws 147 of Income Tax Act without DIN shall be treated as invalid: ITAT [Read Order]")
![FTS and Interest Income earned from joint venture Indian company shall be taxed as per order passed TDS officer u/s 195 of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/FTS-and-Interest-Income-earned-joint-venture-Indian-company-taxed-as-per-order-passed-TDS-officer-Income-Tax-Act-ITAT-TAXSCAN.jpg "FTS and Interest Income earned from joint venture Indian company shall be taxed as per order passed TDS officer u/s 195 of Income Tax Act: ITAT [Read Order]")
Imposition of Income tax Addition is not Justified when Additional Amount towards Purchase of Land is made by other Two Co-owners : ITAT Condones Delay of 1494 Days [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal held that the additional amount paid in cash on money was admittedly paid by the other two-owners and not by the assessee, thus the Assessing...
![Imposition of Income tax Addition is not Justified when Additional Amount towards Purchase of Land is made by other Two Co-owners : ITAT Condones Delay of 1494 Days [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Imposition-Income-tax-Addition-Additional-Amount-Purchase-Land-Two-Co-owners-ITAT-Condones-Delay-TAXSCAN.jpg "Imposition of Income tax Addition is not Justified when Additional Amount towards Purchase of Land is made by other Two Co-owners : ITAT Condones Delay of 1494 Days [Read Order]")
ITAT dismisses appeal due to non compliance of notice issued by ITD for determining value of land u/s 50C of Income Tax Act [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi bench, dismissed the appeal due to non-compliance with the notice issued by the Income Tax Department for determining the value of land under Section...
![ITAT dismisses appeal due to non compliance of notice issued by ITD for determining value of land u/s 50C of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/ITAT-dismisses-appeal-non-compliance-notice-issued-ITD-for-determining-value-land-50C-Income-Tax-Act-TAXSCAN.jpg "ITAT dismisses appeal due to non compliance of notice issued by ITD for determining value of land u/s 50C of Income Tax Act [Read Order]")
Penalty Imposed by AO u/s 271(1)(b) Income Tax Act for Non- Compliance to Notices issued during Assessment is within the Limitation Period: ITAT Dismisses Appeal [Read Order]
The Raipur Bench of Income Tax Appellate Tribunal (ITAT) held that the penalty imposed by Assessing Officer (AO) during assessment proceeding under Section 271 of Income Tax Act,1961 is within the...
![Penalty Imposed by AO u/s 271(1)(b) Income Tax Act for Non- Compliance to Notices issued during Assessment is within the Limitation Period: ITAT Dismisses Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Penalty-Imposed-by-AO-Income-Tax-Act-for-Non-Compliance-to-Notices-issued-Assessment-Limitation-Period-ITAT-Dismisses-Appeal-TAXSCAN.jpg "Penalty Imposed by AO u/s 271(1)(b) Income Tax Act for Non- Compliance to Notices issued during Assessment is within the Limitation Period: ITAT Dismisses Appeal [Read Order]")
Land Sold by Assessee is Agricultural Land and doesn't qualify as "Capital Asset" in terms of Section 2(14)(iii) of Income Tax Act : ITAT Sets aside Income Tax Addition [Read Order]
The Ahmedabad Bench of Income Tax Act Appellate Tribunal (ITAT) held that land sold by assessee is agricultural Land and did not qualify as “capital asset” in terms of Section 2(14)(iii) of the...
![Land Sold by Assessee is Agricultural Land and doesnt qualify as Capital Asset in terms of Section 2(14)(iii) of Income Tax Act : ITAT Sets aside Income Tax Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Land-Sold-Assessee-Agricultural-Land-Capital-Asset-Income-Tax-Act-ITAT-Sets-aside-Income-Tax-TAXSCAN.jpg "Land Sold by Assessee is Agricultural Land and doesnt qualify as Capital Asset in terms of Section 2(14)(iii) of Income Tax Act : ITAT Sets aside Income Tax Addition [Read Order]")
![Reopening of Assessment without Valid Jurisdiction: ITAT Dismisses Revenue Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Reopening-Assessment-Valid-Jurisdiction-ITAT-Revenue-Appeal-TAXSCAN.jpg "Reopening of Assessment without Valid Jurisdiction: ITAT Dismisses Revenue Appeal [Read Order]")
Calcutta High Court Remands Income Tax Reassessment Order Citing Denial of Right to Cross-Examine Witness: Upholds Principles of Natural Justice [Read Order]
The High Court of Calcutta has set aside an income tax reassessment order under Section 147(under the Old unamended Act) of the Income Tax Act, 1961 relating to assessment year 2017-18 on the ground...
![Calcutta High Court Remands Income Tax Reassessment Order Citing Denial of Right to Cross-Examine Witness: Upholds Principles of Natural Justice [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Calcutta-High-Court-Income-Tax-Reassessment-Citing-Denial-Right-Cross-Examine-Witnessm-Principles-Natural-Justice-TAXSCAN-1.jpg "Calcutta High Court Remands Income Tax Reassessment Order Citing Denial of Right to Cross-Examine Witness: Upholds Principles of Natural Justice [Read Order]")
No effective Representation before lower Authorities: ITAT direct readjudication in respect of Sale Consideration deposit in Bank Account [Read Order]
The Income Tax Appellate Tribunal (ITAT) Delhi bench while observing the no representation before the lower authorities by the assessee directed readjudication in respect of Sale Consideration...
![No effective Representation before lower Authorities: ITAT direct readjudication in respect of Sale Consideration deposit in Bank Account [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/No-effective-Representation-Authorities-No-effective-Representation-before-lower-Authorities-ITAT-taxscan.jpg "No effective Representation before lower Authorities: ITAT direct readjudication in respect of Sale Consideration deposit in Bank Account [Read Order]")