![Dividend Income needs to treated as Exempt Income u/s.10(34), No Tax Liability: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Dividend-Income-Income-Tax-Liability-ITAT-taxscan.jpg "Dividend Income needs to treated as Exempt Income u/s.10(34), No Tax Liability: ITAT [Read Order]")
Dividend Income needs to treated as Exempt Income u/s.10(34), No Tax Liability: ITAT [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT)has held to treat dividend income as exempt income u/s.10(34) of the Income Tax Act,1961...
![TDS Default cannot be alleged on Employee for Non-Remittance by Employer, Interest u/s 234 cannot be Levied: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/TDS-Employee-Non-Remittance-Employer-ITAT-TAXSCAN.jpeg "TDS Default cannot be alleged on Employee for Non-Remittance by Employer, Interest u/s 234 cannot be Levied: ITAT [Read Order]")
![Deletion of Disallowance u/s 40(a) not valid in the Absence of Verification on Inclusion of Amount in Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Disallowance-Income-ITAT-taxscan.jpg "Deletion of Disallowance u/s 40(a) not valid in the Absence of Verification on Inclusion of Amount in Income: ITAT [Read Order]")
![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]")
![Rectification proceedings cannot be invoked by AO in case of Debatable Issues: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/Rectification-proceedings-AO-Debatable-Issues-ITAT-taxscan.jpg "Rectification proceedings cannot be invoked by AO in case of Debatable Issues: ITAT [Read Order]")
Sale Tax Incentive Subsidy and Excise Duty Incentive are Capital Receipt, not chargeable to Tax: ITAT [Read Order]
The sale tax incentive subsidy and excise duty incentive are capital receipt and not chargeable to tax, was ruled by the Delhi bench of the Income Tax Appellate Tribunal (ITAT). The assessee,...
![Sale Tax Incentive Subsidy and Excise Duty Incentive are Capital Receipt, not chargeable to Tax: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Sale-tax-incentive-subsidy-excise-duty-capital-receipt-ITAT-TAXSCAN.jpeg "Sale Tax Incentive Subsidy and Excise Duty Incentive are Capital Receipt, not chargeable to Tax: ITAT [Read Order]")
![Delay in Filling Appeal cant be condoned when Assessee failed to explain cause: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/appeal-assessee-ITAT-taxscan.jpg "Delay in Filling Appeal cant be condoned when Assessee failed to explain cause: ITAT [Read Order]")
SBI cannot take a Defense of Scarcity of Advisors: ITAT imposes Cost of Rs. 1 Lakh for Late filing of TDS Statement [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune bench has held that State Bank of India (SBI) cannot take a defense of scarcity of advisors and imposes a cost of Rs. 1 lakh for late filing of Tax...
![SBI cannot take a Defense of Scarcity of Advisors: ITAT imposes Cost of Rs. 1 Lakh for Late filing of TDS Statement [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/SBI-ITAT-TDS-Statement-taxscan.jpg "SBI cannot take a Defense of Scarcity of Advisors: ITAT imposes Cost of Rs. 1 Lakh for Late filing of TDS Statement [Read Order]")
ITAT condones Delay of 4 Years in filing Rectification Application u/s 154 of Income Tax Act [Read Order]
The Jaipur bench of the Income Tax Appellate Tribunal (ITAT) has recently condoned a delay of four years in filing a rectification application under section 154 of the Income Tax Act, 1961 finding...
![ITAT condones Delay of 4 Years in filing Rectification Application u/s 154 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/ITAT-Rectification-Application-Income-Tax-Act-Taxscan.jpg "ITAT condones Delay of 4 Years in filing Rectification Application u/s 154 of Income Tax Act [Read Order]")
![Disallowance cant be a Mistake to be rectified u/s 154 of the Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/08/Disallowance-Income-Tax-Act-ITAT-Taxscan.jpg "Disallowance cant be a Mistake to be rectified u/s 154 of the Income Tax Act: ITAT [Read Order]")
Decision based on a Debatable point of View can’t be subject to Rectification: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai bench has recently held that a decision based on a debatable point of view cannot be treated as a mistake apparent from the record, against which, the...
![Decision based on a Debatable point of View can’t be subject to Rectification: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/07/ITAT-Decision-Debatable-Taxscan.jpg "Decision based on a Debatable point of View can’t be subject to Rectification: ITAT [Read Order]")
![Applying Individual Tax Rates to AOP can’t be rectified by Invoking S. 154: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2019/02/Cross-Examination-ITAT-Taxscan.jpg "Applying Individual Tax Rates to AOP can’t be rectified by Invoking S. 154: ITAT [Read Order]")