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Non-Mentioning Of DIN On Body Of Assessment Order Is Non-Est: ITAT

The Chandigarh Bench of Income Tax Appellate Tribunal (ITAT) has held that the non-mentioning of the Director Identification Number (DIN) on the body of the assessment order is non-est.The bench of. ....

Ashwani Kumar , Vikram Singh Yadav , Chandigarh Bench , Income Tax Appellate Tribunal , Director Identification Number , Aakash Deep Jain , Vice President , Accountant Member , For Appellant , Assessment Order ,

ITAT Deletes Addition On Availing Accommodation Entries In Shape Of LTCG As It Was Not Recorded In Books Of Accounts

The Indore Bench of Income Tax Appellate Tribunal (ITAT) has deleted the addition of availing accommodation entries in the shape of Long Term Capital Gain (LTCG) as it was not recorded in the books of. ....

Madhya Pradesh , West Bengal , Vijay Pal Rao , First Century India , Indore Bench , Income Tax Appellate Tribunal , Long Term Capital Gain , Judicial Member , Accountant Member , Twenty First Century India , Income Tax Act , Kolkata Investigation Wing , For Appellant , Ccommodation Entries ,

Without Pointing Out Any Specific Defect In Audited Books Of Accounts AO Can't And Should Not Make Any Estimated Addition: ITAT

The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has held that without pointing out any specific defect in the audited books of accounts, the AO cannot and should not make any estimated. ....

Gautam Jain , News Network , Delhi Bench , Income Tax Appellate Tribunal , Kul Bharat , Judicial Member , Accountant Member , For Appellant , Udited Books ,

Section 54 Deduction Can't Be Disallowed Merely For Not Depositing LTCG In Capital Gain Account Scheme: ITAT

The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has held that deduction under Section 54 of the Income Tax Act cannot be disallowed merely for not depositing long-term capital gain (LTCG) that. ....

Sankalp Malik , Delhi Bench , Income Tax Appellate Tribunal , Income Tax Act , Saktijit Dey , Vice President , Accountant Member , Income Tax , Assessing Officer , For Appellant , Capital Gain ,

ITAT: Non-deposit of LTCGs in designated account will not result in denial of tax sop for purchase of new house

The Income-tax Appellate Tribunal (ITAT), Delhi bench, has quashed a revisionary order passed by the Principal Commissioner of Income-tax. This order is likely to support many taxpayers who are facing a similar situation. Learn more. ....

Sankalp Malik , Income Tax Appellate Tribunal , Principal Commissioner , Purchase Of New House , Tax Sop , New House ,