![Assessee should get Reasonable Opportunity before Making Addition u/s 40A (7) before Processing Rectification Application: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Assessee-get-Reasonable-Opportunity-before-Making-Addition-Processing-Rectification-Application-ITAT-TAXSCAN.jpg "Assessee should get Reasonable Opportunity before Making Addition u/s 40A (7) before Processing Rectification Application: ITAT [Read Order]")
Assessee should get Reasonable Opportunity before Making Addition u/s 40A (7) before Processing Rectification Application: ITAT [Read Order]
The Amritsar Bench of Income Tax Appellate Tribunal (ITAT) has held that the assessee should be given reasonable opportunity before making addition...
![Rectification Order passed u/s 154 of Income Tax Act without Proper Verification: ITAT directs Re-Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Rectification-Order-Income-Tax-Act-Income-Tax-Act-without-Proper-Verification-Proper-Verification-ITAT-directs-re-adjudication-ITAT-Taxscan.jpg "Rectification Order passed u/s 154 of Income Tax Act without Proper Verification: ITAT directs Re-Adjudication [Read Order]")
![TDS Late Fees u/s 234E Leviable only Prospectively, Not Before 01/06//2015: ITAT deletes Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/TDS-Late-Fees-Leviable-Prospectively-ITAT-deletes-Penalty-Penalty-ITAT-Income-Tax-taxscan-.jpg "TDS Late Fees u/s 234E Leviable only Prospectively, Not Before 01/06//2015: ITAT deletes Penalty [Read Order]")
![Educational Institution is Eligible for Exemption u/s 10(23C) (iiiab) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Educational-Institution-is-Eligible-for-Exemption-Educational-Institution-Eligible-for-Exemption-Exemption-Income-Tax-Act-ITAT-Taxscan.jpg "Educational Institution is Eligible for Exemption u/s 10(23C) (iiiab) of Income Tax Act: ITAT [Read Order]")
![Denial of TDS Credit on Mistake or Misconception of Assessee is Impermissible: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Denial-of-TDS-Credit-TDS-Credit-Mistake-Misconception-TDS-Credit-on-Mistake-or-Misconception-Assessee-Impermissible-ITAT-Income-Tax-taxscan.jpg "Denial of TDS Credit on Mistake or Misconception of Assessee is Impermissible: ITAT [Read Order]")
Admissibility of Employees' Contribution Payment of ESIc/PF Beyond the Due Date: ITAT remands the matter to AO to clarify the usage of ‘every month’ [Read Order]
This appeal by the assessee is directed against order dated 15.11.2022 passed by the Commissioner of Income-tax – National Faceless Appeal Centre (NFAC) for assessment year 2020-21 in relation to the...
![Admissibility of Employees Contribution Payment of ESIc/PF Beyond the Due Date: ITAT remands the matter to AO to clarify the usage of ‘every month’ [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/admissibility-Employees-contribution-payment-ESIc-PF-Due-Date-ITAT-Taxscan.jpg "Admissibility of Employees Contribution Payment of ESIc/PF Beyond the Due Date: ITAT remands the matter to AO to clarify the usage of ‘every month’ [Read Order]")
Non-cognizance of Income Tax Demand Orders and Tax Position by Old Accountant: ITAT Condones Delay of 217 Days prior to COVID Period
The Ahmedabad bench of Income Tax Appellate Tribunal (ITAT) recently while condoning the delay of 217 days prior to covid period, observed that old accountant filed the returns without consideration...
No Interest u/s 234A is Leviable, When Assessee Files Return Within the Time Allowed by Notice u/s 153A: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Jodhpur Bench, has recently, in an appeal filed before it, held that no interest under Section 234A is leviable, when an Assessee has filed the return within...
![No Interest u/s 234A is Leviable, When Assessee Files Return Within the Time Allowed by Notice u/s 153A: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Interest-Leviable-Files-Return-Notice-ITAT-TAXSCAN.jpg "No Interest u/s 234A is Leviable, When Assessee Files Return Within the Time Allowed by Notice u/s 153A: ITAT [Read Order]")
Filing of Form 67 is a Procedural Requirement: Non-Compliance cannot attract Denial of FTC, rules ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) Pune Bench, has recently, in an appeal filed before it, ruled that the filing of Form 67 is a procedural requirement, and hence that the non-compliance of the...
![Filing of Form 67 is a Procedural Requirement: Non-Compliance cannot attract Denial of FTC, rules ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Form-67-Procedural-Requirement-Denial-of-FTC-FTC-ITAT-Income-Tax-taxscan.jpg "Filing of Form 67 is a Procedural Requirement: Non-Compliance cannot attract Denial of FTC, rules ITAT [Read Order]")
Audited Books of Accounts Cannot be Rejected for want of Producing Photocopy of Bills: ITAT [Read Order]
Delhi bench of Income Tax Appellate Tribunal (ITAT) set aside the action of Commissioner of income Tax (Appeals) [CIT(A)] affirmed the additions made by the Assessing Officer (AO). The assessee,...
![Audited Books of Accounts Cannot be Rejected for want of Producing Photocopy of Bills: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Audited-Books-of-Accounts-Photocopy-of-Bills-Bills-ITAT-taxscan.jpg "Audited Books of Accounts Cannot be Rejected for want of Producing Photocopy of Bills: ITAT [Read Order]")
Income Tax Reassessment Proceedings Initiated during Pendency of Rectification Application is Invalid: Supreme Court [Read Order]
The Supreme Court comprising the Two-judge Bench of Justices M.R. Shah and C. T. Ravi Kumar, decided in an appeal moved by M/S S. M. Overseas Pvt. Ltd. that the Revenue department was not...
![Income Tax Reassessment Proceedings Initiated during Pendency of Rectification Application is Invalid: Supreme Court [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Income-Tax-Reassessment-Proceedings-Initiated-during-Pendency-of-Rectification-Application-is-Invalid-Supreme-Court-TAXSCAN.jpg "Income Tax Reassessment Proceedings Initiated during Pendency of Rectification Application is Invalid: Supreme Court [Read Order]")
Co-Operative Society Eligible to Claim Deduction of Interest from Deposits in Co-Operative Banks: ITAT [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT), presided over by Judicial Member Vikas Awasthy, decided that the cooperative society is entitled to claim a deduction for said interest...
![Co-Operative Society Eligible to Claim Deduction of Interest from Deposits in Co-Operative Banks: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Co-Operative-Society-Claim-Deduction-of-Interest-Deduction-Deduction-of-Interest-Deposits-Co-Operative-Banks-ITAT-Income-Tax-Taxscan.jpg "Co-Operative Society Eligible to Claim Deduction of Interest from Deposits in Co-Operative Banks: ITAT [Read Order]")