![Allegation of under Statement of Revenue in P&L account is Baseless as TDS is Deducted on VAT Amount: ITAT quashes Revisionary Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Allegation-Allegation-of-under-Statement-of-Revenue-Revenue-P-L-account-TDS-taxscan.jpg "Allegation of under Statement of Revenue in P&L account is Baseless as TDS is Deducted on VAT Amount: ITAT quashes Revisionary Order [Read Order]")
Allegation of under Statement of Revenue in P&L account is Baseless as TDS is Deducted on VAT Amount: ITAT quashes Revisionary Order [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) held that the allegation of Principal Commissioner of Income Tax (PCIT) that the...
![When Property claimed differs from Property referred in Sale Agreement, benefit u/s 54 of Income Tax Act cant be attracted: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Property-Property-Sale-Agreement-Income-Tax-Act-ITAT-TAXSCAN.jpg "When Property claimed differs from Property referred in Sale Agreement, benefit u/s 54 of Income Tax Act cant be attracted: ITAT [Read Order]")
![Non-reply to Notice due to miscommunication between assessee and Tax Consultant: ITAT directs CIT(A) Denovo Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Non-reply-to-notice-notice-miscommunication-assessee-Tax-Consultant-ITAT-taxscan.jpg "Non-reply to Notice due to miscommunication between assessee and Tax Consultant: ITAT directs CIT(A) Denovo Adjudication [Read Order]")
![Withdrawal of Amount from Bank Account for Purchase of Property and Redeposit of same Bank as Purchase Deal not Fructified: ITAT deletes addition u/s 68 [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Withdrawal-Amount-Bank-Account-Withdrawal-of-Amount-from-Bank-Account-for-Purchase-of-Property-taxscan.jpg "Withdrawal of Amount from Bank Account for Purchase of Property and Redeposit of same Bank as Purchase Deal not Fructified: ITAT deletes addition u/s 68 [Read Order]")
![Books of Accounts Prepared u/s 115JB r.w.s 211(2) of Companies Act not Applicable: ITAT Grants Exemption to ICICI Bank [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Books-of-Accounts-Prepared-Companies-Act-not-Applicable-ITAT-Grants-Exemption-to-ICICI-Bank-TAXSCAN.jpg "Books of Accounts Prepared u/s 115JB r.w.s 211(2) of Companies Act not Applicable: ITAT Grants Exemption to ICICI Bank [Read Order]")
Inadvertent Error in statement during Hearing cannot be Reason for Levy of penalty u/s 272(1)(c) of Income Tax Act: ITAT quashes Penalty against Kotak Mahindra Bank [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal (ITAT) quashed penalty on the grounds that an inadvertent error in statement made by the assessee during Hearing cannot be Reason for Levy of penalty...
![Inadvertent Error in statement during Hearing cannot be Reason for Levy of penalty u/s 272(1)(c) of Income Tax Act: ITAT quashes Penalty against Kotak Mahindra Bank [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Inadvertent-Error-in-statement-during-Hearing-cannot-be-Reason-for-Levy-of-penalty-Income-Tax-Act-ITAT-quashes-Penalty-against-Kotak-Mahindra-Bank-TAXSCAN.jpg "Inadvertent Error in statement during Hearing cannot be Reason for Levy of penalty u/s 272(1)(c) of Income Tax Act: ITAT quashes Penalty against Kotak Mahindra Bank [Read Order]")
Disallowance of Liability Towards Expenditure on Discontinuance of Seven Clinics of 'Kaya Skin': ITAT [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT), disallowed the claim of liability towards expenditure on discontinuance of seven clinics of ‘Kaya skin’ and held that mere passing of...
![Disallowance of Liability Towards Expenditure on Discontinuance of Seven Clinics of Kaya Skin: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Disallowance-of-Liability-Expenditure-Seven-Clinics-of-Kaya-Skin-ITAT-taxscan.jpg "Disallowance of Liability Towards Expenditure on Discontinuance of Seven Clinics of Kaya Skin: ITAT [Read Order]")
No deduction shall be allowable if Payment of Employee Contribution towards PF & ESI not made due Date As per PF & ESI Act :ITAT [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has held that no deduction should be allowed if payment of employee contribution towards Provident Fund (PF) and Employee State Insurance...
![No deduction shall be allowable if Payment of Employee Contribution towards PF & ESI not made due Date As per PF & ESI Act :ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/No-deduction-allowable-Payment-Employee-Contribution-PF-ESI-due-Date-PF-ESI-Act-ITAT-TAXSCAN.jpg "No deduction shall be allowable if Payment of Employee Contribution towards PF & ESI not made due Date As per PF & ESI Act :ITAT [Read Order]")
NFAC cannot Adjudicate Appeals already Disposed of by CIT(A): ITAT direct Department to Pay Cost [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal (ITAT) has held that National Faceless Appellate Center (NFAC) could not adjudicate appeals already disposed of by Commissioner of Income Tax...
![NFAC cannot Adjudicate Appeals already Disposed of by CIT(A): ITAT direct Department to Pay Cost [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/NFAC-bound-NFAC-CBDT-CBDT-Circular-ITAT-Taxscan.jpg "NFAC cannot Adjudicate Appeals already Disposed of by CIT(A): ITAT direct Department to Pay Cost [Read Order]")
Addition made on Unexplained Investment u/s 69 of Income Tax Act without Proper Application of Mind: ITAT Deletes Addition [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT) deleted an addition made by the assessing officer on unexplained investment under section 69 of the Income Tax Act,1961 without the...
![Addition made on Unexplained Investment u/s 69 of Income Tax Act without Proper Application of Mind: ITAT Deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Addition-made-Unexplained-Investment-Income-Tax-Act-Proper-Application-Mind-ITAT-Deletes-Addition-TAXSCAN.jpg "Addition made on Unexplained Investment u/s 69 of Income Tax Act without Proper Application of Mind: ITAT Deletes Addition [Read Order]")
Lease Rental Income received from letting out of School Building with Amenities shall be Treated as “Income from House Property”: ITAT [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal (ITAT) has held that lease rental income received from letting out of school buildings with amenities should be treated as Income from House...
![Lease Rental Income received from letting out of School Building with Amenities shall be Treated as “Income from House Property”: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Lease-rental-income-letting-out-school-building-amenities-Income-from-House-property-House-property-ITAT-income-tax-taxscan.jpg "Lease Rental Income received from letting out of School Building with Amenities shall be Treated as “Income from House Property”: ITAT [Read Order]")
Penalty Imposed u/s271(1)(c) of Income Tax Act without Application of Mind: ITAT Set asides Order [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) quashed the penalty imposed under section 271(1)(c) of the Income Tax Act,1961 by the assessing officer without the application of...
![Penalty Imposed u/s271(1)(c) of Income Tax Act without Application of Mind: ITAT Set asides Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Income-Tax-Section-2711c-of-Income-Tax-Act-Application-of-mind-Deduction-claim-set-aside-order-ITAT-income-tax-act-income-tax-without-application-of-mind-taxscan.jpg "Penalty Imposed u/s271(1)(c) of Income Tax Act without Application of Mind: ITAT Set asides Order [Read Order]")