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![Income Tax on Maturity of LIC Policy: Proportionate Principal Amount of Premium Deductible as per CBDT Circular, rules ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/LIC-Policy-Principal-Amount-Premium-CBDT-Circular-ITAT-taxscan.jpeg "Income Tax on Maturity of LIC Policy: Proportionate Principal Amount of Premium Deductible as per CBDT Circular, rules ITAT [Read Order]")
Income Tax on Maturity of LIC Policy: Proportionate Principal Amount of Premium Deductible as per CBDT Circular, rules ITAT [Read Order]
In a significant ruling, the Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) has held that the assessee is entitled to deduct the...
![Mere existence of Addition on Income during Assessment Proceedings does not attract Income Tax Penalty: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Income-Assessment-Proceeding-Income-Tax-Penalty-ITAT-taxscan.jpg "Mere existence of Addition on Income during Assessment Proceedings does not attract Income Tax Penalty: ITAT [Read Order]")
![Sale proceeds of Investment in Shares made as Investor treated as Capital Gains’, not as Business Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Investment-Investor-capital-gains-business-income-ITAT-taxscan.jpeg "Sale proceeds of Investment in Shares made as Investor treated as Capital Gains’, not as Business Income: ITAT [Read Order]")
Employer responsible for Short Deduction of TDS: ITAT orders to Rectify Order passed Ignoring Form 16 [Read Order]
The Income Tax Appellate Tribunal (ITAT) Ahmedabad bench has directed the Assessing Officer to rectify the order passed without considering the TDS Statement under form 16 by invoking section 154 of...
![Employer responsible for Short Deduction of TDS: ITAT orders to Rectify Order passed Ignoring Form 16 [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Tax-Deducted-at-Source-TDS-TDS-Reduction-taxscan.jpeg "Employer responsible for Short Deduction of TDS: ITAT orders to Rectify Order passed Ignoring Form 16 [Read Order]")
Inadequate Opportunity of Hearing in Appeal Proceedings: ITAT remands matter back to CIT(A) for Fresh Adjudication [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) has held that inadequate opportunity for hearing in appeal proceedings and remand matter back to Commissioner Income Tax (Appeal) for...
![Inadequate Opportunity of Hearing in Appeal Proceedings: ITAT remands matter back to CIT(A) for Fresh Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Appeal-Proceedings-ITAT-CITA-Adjudication-taxscan.jpeg "Inadequate Opportunity of Hearing in Appeal Proceedings: ITAT remands matter back to CIT(A) for Fresh Adjudication [Read Order]")
Unusual Price rise/ fall in Shares of Company can’t be a basis to draw an inference that Capital Loss generated is Bogus: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench held that the Unusual price rise/ fall in the shares of a company cannot be a basis to draw an inference that capital loss generated is...
![Unusual Price rise/ fall in Shares of Company can’t be a basis to draw an inference that Capital Loss generated is Bogus: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/12/Unusual-Price-rise-Shares-of-Company-Capital-Loss-Bogus-Income-Tax-ITAT-Taxscan.jpg "Unusual Price rise/ fall in Shares of Company can’t be a basis to draw an inference that Capital Loss generated is Bogus: ITAT [Read Order]")