Reassessment merely based on information received from investigation wing is bad in law

Read more at: © Clipped from: AmritBrakewell Products Vs ITO (ITAT Delhi) ITAT Delhi held that reopening of assessment proceedings merely on the

Expenses Incurred for Gifts to Customers by Company during Festivals Allowable u/s 37 of Income Tax Act: ITAT

Read More: Clipped from: The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has held that the expenses incurred for gifts to customers by company during festivals would be

👍👍👍👍👍👍👍Claiming Section 80G Deduction: A Guide to Include it in Your ITR Filing

Read More: Clipped from: The Income Tax Act of 1961 includes the rules and regulations that govern the Indian taxation system. This Act has been

CENVAT Credit on invoice issued by unregistered dealer allowed as receipt of goods not disputed Clipped from: Marco Blowers (India) Pvt  Ltd Vs Assistant Commissioner, Central Excise (CESTAT Kolkata) CESTAT Kolkata held that it was not correct to disallow

Addition of loan Amount as Outstanding Balance without Proper Evidence and Documents: ITAT directs AO to Re-adjudicate

Clipped from: The New Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has directed the Assessing Officer to re-adjudicate the case regarding the addition of a loan amount

Violation of principles of natural justice – ITAT restores matter back to AO Clipped from: Bashir Ahmad Sofi Nowhatta Vs ITO (ITAT Amritsar) Admittedly, the lower authorities have passed orders ex parte qua the assessee in violation of principles

Income earned by NRI outside India exempted even if paid into NRE Account in India: ITAT

Clipped from: The Income Tax Appellate Tribunal (ITAT), Ahmedabad bench has held that the income earned by a Non-Resident Indian outside India is exempted from tax even

👍Power of Reopening Assessment is a Power, which is to be Sparingly used for Adequate Reasons: Calcutta HC quashes Assessment Order on Failure to Comply Natural Justice Principles

Clipped from: Quashing the assessment order on failure to comply natural justice principles the Calcutta High Court remarked that the power of reopening assessment is

Tax relief on builder-paid rent in redevelopment projects

Read more at: Clipped from: Synopsis The Income-Tax Appellate Tribunal’s (ITAT) Mumbai bench recently held that the rental compensation received from a builder due to

Notice u/s 148A(b) received on Date of Reassessment: Delhi HC directs Re Adjudication

Read More: Clipped from: The Delhi High Court directed re-adjudication since the notice under section 148A(b) of the Income Tax Act, 1961 was received on

ITAT quashes Assessment Order framed u/s 143(3) of Income Tax Act in Name of Non-Existent Entity

Read More: Clipped from: By Aparna. M – On May 18, 2023 9:30 am – 2 mins read The Income Tax Appellate Tribunal (ITAT) of Ahmedabad bench quashed the assessment order framed under

Service Tax Demand and Penalty u/s 78 of Finance Act not valid in Absence of Corroborative Evidence: CESTAT

Read More: Clipped from: The Kolkata bench of the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) has held that service tax demand and penalty under section 78 of the Finance

No Penalty u/s 271B of Income Tax Act when there is Reasonable Cause for not getting Audited u/s 44AB: ITAT

Read More: Clipped from: By Aparna. M – On May 11, 2023 4:00 pm – 2 mins read The Hyderabad bench of the Income Tax Appellate Tribunal (ITAT) has recently held

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