![Superior Authoritys Mechanical Approval for Income Tax Search Defeats Purpose of S. 153D: ITAT Quashes Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/Income-Tax-ITAT-ITAT-Quashes-ITAT-Quashes-Order-Income-Tax-Appellate-Tribunal-ITAT-quashes-Income-Tax-TAXSCAN.webp "Superior Authoritys Mechanical Approval for Income Tax Search Defeats Purpose of S. 153D: ITAT Quashes Order [Read Order]")
Superior Authority's Mechanical Approval for Income Tax Search Defeats Purpose of S. 153D: ITAT Quashes Order [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) set aside an assessment order that was passed without the application of mind. The...
![Depreciation claim on Non Compete Fee Allowable Under Income Tax Act: ITAT Deletes Penalty Imposed [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/Depreciation-claim-Depreciation-claim-on-Non-Compete-Fee-Under-Income-Tax-Act-Income-Tax-Act-income-tax-news-ITAT-delhi-ITAT-Income-Tax-Appellate-Tribunal-Penalty-Imposed-taxscan.jpg "Depreciation claim on Non Compete Fee Allowable Under Income Tax Act: ITAT Deletes Penalty Imposed [Read Order]")
![ITAT allows Rs. 52L Deduction w.r.t. Traded Goods Written off on Account of Damaged Stock [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/ITAT-ITAT-Delhi-ITAT-allows-Rs.-52L-Deduction-Damaged-Stock-Traded-Goods-Written-taxscan.jpg "ITAT allows Rs. 52L Deduction w.r.t. Traded Goods Written off on Account of Damaged Stock [Read Order]")
![Capital Gains earned from sale of shares of CCL International is genuine: ITAT deletes addition made u/s 69 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Capital-Gains-sale-of-shares-CCL-International-genuine-ITAT-Income-Tax-Act-taxscan.jpg "Capital Gains earned from sale of shares of CCL International is genuine: ITAT deletes addition made u/s 69 of Income Tax Act [Read Order]")
![Commission Paid for Works Obtained and Sub Contracted Allowable as Business Expenditure u/s 37: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/Commission-Paid-for-Works-Business-Expenditure-Commission-Paid-for-Works-Obtained-and-Sub-Contracted-ITAT-taxscan.jpg "Commission Paid for Works Obtained and Sub Contracted Allowable as Business Expenditure u/s 37: ITAT [Read Order]")
Education Cess cannot be allowed as Allowable Expense u/s 37 (1) of Income Tax Act: ITAT [Read Order]
In a recent ruling, the Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) observed that the education cess cannot be allowed as allowable expense under Section 37 (1) of Income Tax Act, 1961....
![Education Cess cannot be allowed as Allowable Expense u/s 37 (1) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/ITAT-ITAT-Delhi-Education-Cess-Income-tax-taxscan.jpg "Education Cess cannot be allowed as Allowable Expense u/s 37 (1) of Income Tax Act: ITAT [Read Order]")
719g Jewellery found in locker declared Stri Dhan from Parents: ITAT deletes Addition u/s 69 [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) eliminated the additional assessment under section 69 of the Income Tax Act, following the declaration of 719 grams of jewellery found in...
![719g Jewellery found in locker declared Stri Dhan from Parents: ITAT deletes Addition u/s 69 [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/719g-Jewellery-found-locker-Stri-Dhan-from-Parents-ITAT-taxscan.jpg "719g Jewellery found in locker declared Stri Dhan from Parents: ITAT deletes Addition u/s 69 [Read Order]")
Failure to File Audit Report in Form 10CCB before ITR filing due date: ITAT disallows Deduction Claim u/s 80IC [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) recently ruled on a case where deduction claims under Section 80IC of the Income Tax Act, 1961 were disallowed due to the failure to...
![Failure to File Audit Report in Form 10CCB before ITR filing due date: ITAT disallows Deduction Claim u/s 80IC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Failure-File-Audit-Report-Form-10CCB-ITR-filing-due-date-ITAT-Deduction-Claim-taxscan.jpg "Failure to File Audit Report in Form 10CCB before ITR filing due date: ITAT disallows Deduction Claim u/s 80IC [Read Order]")
JCIT's approval for Search assessment u/s 153D of Income Tax Act deemed Mechanical without mindful consideration: ITAT nullifies Search
The Delhi bench of Income Tax Appellate Tribunal (ITAT) held that approval under Section 153D of the Income Tax Act, 1961 granted by the Joint Commissioner of Income Tax (JCIT) for the search...
No Errors or Infirmities Found in Assessment Order Prejudicial to Revenue’s Interest: ITAT sets aside order passed by PCIT u/s 263 of Income Tax Act [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) recently made a significant decision, overturning an order passed by the Principal Commissioner of Income Tax ( PCIT ) under section 263...
![No Errors or Infirmities Found in Assessment Order Prejudicial to Revenue’s Interest: ITAT sets aside order passed by PCIT u/s 263 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Found-Assessment-Order-Prejudicial-to-Revenues-Interest-ITAT-PCIT-us-263-of-Income-Tax-Act-TAXSCAN.jpg "No Errors or Infirmities Found in Assessment Order Prejudicial to Revenue’s Interest: ITAT sets aside order passed by PCIT u/s 263 of Income Tax Act [Read Order]")
ITAT directs AO to re-compute book profit u/s 115JB of Income Tax Act by giving opportunity of being heard to assessee [Read Order]
The two member bench of Income Tax Appellate Tribunal (ITAT) Delhi bench directs assessing officers to re-compute book profit under Section 115JB of the Income Tax Act, 1961 by giving the...
![ITAT directs AO to re-compute book profit u/s 115JB of Income Tax Act by giving opportunity of being heard to assessee [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Exemption-Income-Tax-Act-Income-Tax-activities-of-Trust-Trust-Nature-of-Trade-Trade-Commerce-taxscan-Business-ITAT.jpg "ITAT directs AO to re-compute book profit u/s 115JB of Income Tax Act by giving opportunity of being heard to assessee [Read Order]")
