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 Top Stories 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
Category: Income Tax Cases
Relief to Mahindra and Mahindra: ITAT directs AO to delete Disallowance made u/s 40(a)(ia) of Income Tax Act
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 Top Stories 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
Proceedings u/s 153C of Income Tax Act in absence of any Incriminating Material is Bad in Law: ITAT
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 Top Stories 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
Repairs and Maintenance Expenditure in Rented Showroom and Workshop amounts to Revenue Expenditure, can allow Disallowance u/s 30 (a ) (i): ITAT
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 Top Stories 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
Addition u/s 68 based on Cash Deposit not allowable in the Absence of Corroborative Evidence: ITAT
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 Top Stories 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
Insurance Premium for paid for Keyman Insurance Policy of LIC, allowable as Expenses: ITAT
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 Income Tax 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
Reasons recorded for Reassessment cannot be Substituted, Added or Deleted: ITAT
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 Top Stories 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
Benefit of CBDT Circular providing Ceiling on Holding of Jewellery can be Extended to Jewellery held by Minor Son and Daughter: ITAT [Read Order]
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 Top Stories 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
Joint Commissioner sanctioned Re-open Notice u/s 148 after expiry of 4 yrs: ITAT quashes Assessment Order being Violative Sec 151
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 Top Stories By Taxscan Team – On December 14, 2022 5:37 pm The Income Tax Appellate Tribunal ( ITAT ) Ahmedabad Bench has held that Joint Commissioner sanctioned
Condition of Proving ‘Source of Source of Funds’ under 68 not applicable to Non-Residents: ITAT deletes Income Addition*
Clipped from: https://www.taxscan.in/condition-of-proving-source-of-source-of-funds-under-68-not-applicable-to-non-residents-itat-deletes-income-tax-addition/233842/ Top Stories By Yogitha S. Yogesh – On December 14, 2022 5:40 pm The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) has held that the condition of proving
Order passed without considering objection filed by petitioner against Notice u/s 148A(b) not valid: Calcutta HC–TAXSCAN
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 Top Stories By Yogitha S. Yogesh – On December 7, 2022 11:25 am In its recent order, the Calcutta High Court (HC) has held that the
Calcutta High Court (HC) has held that the order passed without considering the objection filed by the petitioner against notice u/s 148A(b) of the Income Tax Act,1961 is not valid.
Clipped from: https://www.taxscan.in/order-passed-without-considering-objection-filed-by-petitioner-against-notice-u-s-148ab-not-valid-calcutta-hc/231671/ Top Stories 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 without considering objection filed by petitioner against Notice u/s 148A(b) not valid: Calcutta HC
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 Top Stories By Yogitha S. Yogesh – On December 7, 2022 11:25 am In its recent order, the Calcutta High Court (HC) has held that the
Making Incorrect Deduction not amount to Furnishing Inaccurate Particulars u/s 271 (1)(c): ITAT deletes Penalty
lipped from: https://www.taxscan.in/making-incorrect-deduction-not-amount-to-furnishing-inaccurate-particulars-u-s-271-1c-itat-deletes-penalty/231548/ Top Stories 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
ITAT quashes Assessment Order passed in Violation of Time Limit u/s 153(1)
Clipped from: https://www.taxscan.in/itat-quashes-assessment-order-passed-in-violation-of-time-limit-u-s-1531/230999/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=ITAT%20quashes Top Stories By Kalyani B Nair – On December 5, 2022 10:43 am A Division Bench of the Income Tax Appellate Tribunal (ITAT), Ahmedabad quashed assessment order passed
Cash Gift of Rs. 39 Lakh from Husband during Assessment Proceedings was Mere Afterthought after Search: ITAT Upholds Addition
The Income Tax Appellate Tribunal (ITAT) Bench at Chennai has recently held that, the claim of the assessee, K Gomati that Rs. 39 Lakhs was
ITAT says no to addition of Rs 115 crore to RAW Pressery Income by I-T
ITAT says no to addition of Rs 115 crore to RAW Pressery Income by I-T https://economictimes.indiatimes.com/news/economy/policy/itat-says-no-to-addition-of-rs-115-crore-to-raw-pressery-income-by-i-t/articleshow/94713600.cms Download Economic Times App to stay updated with Business
