Category: Income Tax Cases

Clipped from: https://www.taxscan.in/ups-and-printers-are-part-of-computer-systems-60-depreciation-allowable-itat/236533/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=UPS%20and%20Printers By Yogitha S. Yogesh – On December 21, 2022 10:49 am The Chennai bench of the Income Tax Appellate Tribunal (ITAT) has held that UPS and Printers are part of

Clipped from: https://www.taxscan.in/relief-to-mahindra-and-mahindra-itat-directs-ao-to-delete-disallowance-made-u-s-40aia-of-income-tax-act/236174/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Relief%20to%20Mahindra By Kalyani B Nair – On December 20, 2022 2:07 pm In a major relief to Mahindra & Mahindra Ltd, the appellant, the Mumbai Bench of the Income Tax

Clipped from: https://www.taxscan.in/proceedings-u-s-153c-of-income-tax-act-in-absence-of-any-incriminating-material-is-bad-in-law-itat/236156/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Proceedings By Kalyani B Nair – On December 20, 2022 2:35 pm The Income Tax Appellate Tribunal (ITAT), Bangalore Bench held that Proceedings under Section 153C of the Income Tax

Clipped from: https://www.taxscan.in/repairs-and-maintenance-expenditure-in-rented-showroom-and-workshop-amounts-to-revenue-expenditure-can-allow-disallowance-u-s-30a-i-itat/235710/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Repairs%20and%20Maintenance By Yogitha S. Yogesh – On December 20, 2022 10:17 am The Pune bench of the Income Tax Appellate Tribunal ( ITAT ) has held that repairs and maintenance expenditure

Clipped from: https://www.taxscan.in/addition-u-s-68-based-on-cash-deposit-not-allowable-in-the-absence-of-corroborative-evidence-itat/235716/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Addition%20u/s%2068 By Yogitha S. Yogesh – On December 20, 2022 10:44 am The Pune bench of the Income Tax Appellate Tribunal(ITAT) has held that addition under section  68 of the

Clipped from: https://www.taxscan.in/insurance-premium-for-paid-for-keyman-insurance-policy-of-lic-allowable-as-expenses-itat/234224/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Insurance%20Premium By Kalyani B Nair – On December 15, 2022 3:33 pm The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT), held that Insurance Premium for paid for

Clipped from: https://www.taxscan.in/reasons-recorded-for-reassessment-cannot-be-substituted-added-or-deleted-itat/217482/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Reasons%20recorded%20for%20Reassessment By Yogitha S. Yogesh – On December 12, 2022 5:40 pm The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that the reasons recorded for

Read More: https://www.taxscan.in/benefit-of-cbdt-circular-providing-ceiling-on-holding-of-jewellery-can-be-extended-to-jewellery-held-by-minor-son-and-daughter-itat/233868/ Clipped from: https://www.taxscan.in/benefit-of-cbdt-circular-providing-ceiling-on-holding-of-jewellery-can-be-extended-to-jewellery-held-by-minor-son-and-daughter-itat/233868/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Benefit%20of%20CBDT%20Circular By Rasheela Basheer – On December 14, 2022 5:04 pm The Chennai bench of the Income Tax Appellate Tribunal (ITAT) has held that the benefit of the circular

Clipped from: https://www.taxscan.in/joint-commissioner-sanctioned-re-open-notice-u-s-148-after-expiry-of-4-yrs-itat-quashes-assessment-order-being-violative-sec-151/193782/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Joint%20Commissioner%20sanctioned By Taxscan Team – On December 14, 2022 5:37 pm The Income Tax Appellate Tribunal ( ITAT ) Ahmedabad Bench has held that Joint Commissioner sanctioned reopening notice

Clipped from: https://www.taxscan.in/order-passed-without-considering-objection-filed-by-petitioner-against-notice-u-s-148ab-not-valid-calcutta-hc/231671/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Order%20passed By Yogitha S. Yogesh – On December 7, 2022 11:25 am In its recent order, the Calcutta High Court (HC) has held that the order passed

Clipped from: https://www.taxscan.in/order-passed-without-considering-objection-filed-by-petitioner-against-notice-u-s-148ab-not-valid-calcutta-hc/231671/ By Yogitha S. Yogesh – On December 7, 2022 11:25 am In its recent order, the Calcutta High Court (HC) has held that the order passed

Clipped from: https://www.taxscan.in/order-passed-without-considering-objection-filed-by-petitioner-against-notice-u-s-148ab-not-valid-calcutta-hc/231671/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Order%20passed By Yogitha S. Yogesh – On December 7, 2022 11:25 am In its recent order, the Calcutta High Court (HC) has held that the order passed

lipped from: https://www.taxscan.in/making-incorrect-deduction-not-amount-to-furnishing-inaccurate-particulars-u-s-271-1c-itat-deletes-penalty/231548/ By Fathima Karama A.M – On December 7, 2022 12:06 pm The Income Tax Appellate Tribunal ( ITAT ), Delhi Bench deleted the penalty as incorrect deduction does not amount