![No Income Tax on Partner for Share in Profit of Partnership Firm: ITAT deletes Addition u/s 68 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/No-Income-Tax-on-Partner-for-Share-in-Profit-of-Partnership-Firm-ITAT-Income-Tax-Act-TAXSCAN.jpg "No Income Tax on Partner for Share in Profit of Partnership Firm: ITAT deletes Addition u/s 68 of Income Tax Act [Read Order]")
No Income Tax on Partner for Share in Profit of Partnership Firm: ITAT deletes Addition u/s 68 of Income Tax Act [Read Order]
The Income Tax Appellate Tribunal (ITAT) Mumbai Bench held that no income tax on partners for share in profit of partnership firm. Therefore the...
![Non-compliance of Income Tax Proceedings before Lower Authorities: ITAT directs pay cost of RS.5000/- to PM relief Fund [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Non-compliance-Income-Tax-Proceedings-Lower-Authorities-ITAT-PM-relief-Fund-TAXSCAN.jpg "Non-compliance of Income Tax Proceedings before Lower Authorities: ITAT directs pay cost of RS.5000/- to PM relief Fund [Read Order]")
![No addition shall be made on Loan Advanced to Directors and Sister Concern of company from Interest Free Fund: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/addition-Loan-Advanced-directors-Sister-Concern-company-Interest-Free-Fund-ITAT-taxscan.jpg "No addition shall be made on Loan Advanced to Directors and Sister Concern of company from Interest Free Fund: ITAT [Read Order]")
![ITAT upholds Addition based on Seized Scribbling on Rough notes Found during Search Proceedings [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/ITAT-upholds-Addition-based-Seized-Scribbling-Rough-notes-Found-Search-Proceedings-TAXSCAN.jpeg "ITAT upholds Addition based on Seized Scribbling on Rough notes Found during Search Proceedings [Read Order]")
![ITAT upholds Addition made on 5% Estimate basis on Bogus Purchase [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/ITAT-upheld-Addition-Estimate-basis-Bogus-Purchase-ITAT-upholds-Addition-income-tax-taxscanBogus-Purchase-income-tax.jpg "ITAT upholds Addition made on 5% Estimate basis on Bogus Purchase [Read Order]")
ITAT allows Capital Gain Exemption on Assessee who is not Exclusive Owner of Multiple Residential Properties Occupied by Other Family Members [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT), allowed capital gain exemption on assessee who is not exclusive owner of multiple residential properties occupied by other family...
![ITAT allows Capital Gain Exemption on Assessee who is not Exclusive Owner of Multiple Residential Properties Occupied by Other Family Members [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/ITAT-capital-gain-exemption-not-exclusive-owner-of-multiple-residential-properties-other-family-members-income-tax-taxscan.jpg "ITAT allows Capital Gain Exemption on Assessee who is not Exclusive Owner of Multiple Residential Properties Occupied by Other Family Members [Read Order]")
Mere Citing of Different PAN by Assessee and Assessing Officer Cannot be Ground for Dismissal of Appeal: ITAT [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has held that mere citing of different Permanent Account Number (PAN) by the assessee and assessee officer could not be a ground for dismissal...
![Mere Citing of Different PAN by Assessee and Assessing Officer Cannot be Ground for Dismissal of Appeal: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Mere-Citing-Different-PAN-Assessee-Assessing-Officer-Ground-Dismissal-Appeal-ITAT.jpg "Mere Citing of Different PAN by Assessee and Assessing Officer Cannot be Ground for Dismissal of Appeal: ITAT [Read Order]")
Employees Contribution to PF/ESI Deposited after Due Date is not Allowable as Deduction u/s 36(1)(va) of Income Tax Act: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) held that Employees contribution to PF/ESI deposited after due date under the Income Tax Act is not allowable as deduction under Section...
![Employees Contribution to PF/ESI Deposited after Due Date is not Allowable as Deduction u/s 36(1)(va) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Employees-Contribution-PF-ESI-Deposited-after-Due-Date-not-Allowable-Deduction-Income-Tax-Act-ITAT-TAXSCAN.jpg "Employees Contribution to PF/ESI Deposited after Due Date is not Allowable as Deduction u/s 36(1)(va) of Income Tax Act: ITAT [Read Order]")
Non- compliance to Notice cannot be a Reason to Disallow Retention of Income to Charitable Organisation : ITAT Orders Readjudication of Exparte Order [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) held that non- compliance to the notice by the assessee cannot be a reason to disallow 15 % retention of income to charitable organization...
![Non- compliance to Notice cannot be a Reason to Disallow Retention of Income to Charitable Organisation : ITAT Orders Readjudication of Exparte Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Non-compliance-Notice-cannot-Reason-Disallow-Retention-Income-Charitable-Organisation-ITAT-Orders-Readjudication-Exparte-TAXSCAN.jpg "Non- compliance to Notice cannot be a Reason to Disallow Retention of Income to Charitable Organisation : ITAT Orders Readjudication of Exparte Order [Read Order]")
Disallowance of EPF Contribution due to Late Deposit u/s 36(1)(va) of Income Tax Act: ITAT Directs Re-adjudication [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) directed re-adjudication for the disallowance of workers' provident fund (PF) contributions because they were made after the deadline...
![Disallowance of EPF Contribution due to Late Deposit u/s 36(1)(va) of Income Tax Act: ITAT Directs Re-adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Disallowance-EPF-Contribution-Late-Deposit-Income-Tax-Act-ITAT-Directs-Re-adjudication-TAXSCAN.jpg "Disallowance of EPF Contribution due to Late Deposit u/s 36(1)(va) of Income Tax Act: ITAT Directs Re-adjudication [Read Order]")
Issuance of Notice u/s 148 of Income Tax Act for Reassessment against Deceased Person is invalid: ITAT quashes Order [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) quashed the order passed by the assessing officer against a deceased person by issuing notice under section 148 of the Income Tax Act,1961...
![Issuance of Notice u/s 148 of Income Tax Act for Reassessment against Deceased Person is invalid: ITAT quashes Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Reassessment.jpg "Issuance of Notice u/s 148 of Income Tax Act for Reassessment against Deceased Person is invalid: ITAT quashes Order [Read Order]")
Non-eligibility of Deduction u/s 54F of IT Act on Ground of Co-ownership more than one Residential Property: ITAT directs Re-adjudication [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal ( ITAT) directed re-adjudication to the assessing officer for the mon eligibility of deduction under section 54F of Income Tax Act,1961 due to...
![Non-eligibility of Deduction u/s 54F of IT Act on Ground of Co-ownership more than one Residential Property: ITAT directs Re-adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Non-eligibility-of-deduction-IT-Act-on-ground-of-co-ownership-more-than-one-residential-property-ITAT-directs-re-adjudication-TAXSCAN.jpg "Non-eligibility of Deduction u/s 54F of IT Act on Ground of Co-ownership more than one Residential Property: ITAT directs Re-adjudication [Read Order]")