Category: Income Tax Cases

https://taxguru.in/income-tax/addition-due-mismatch-26as-books-account-unsustained-difference-duly-explained.html Clipped from: https://taxguru.in/income-tax/addition-due-mismatch-26as-books-account-unsustained-difference-duly-explained.html DCIT Vs Connect Residuary Pvt Ltd (ITAT Mumbai) ITAT Mumbai held that addition on account of mismatch between the income reported under

Clipped from: https://www.taxscan.in/capital-goods-imported-under-zero-duty-epcg-scheme-is-eligible-for-exemption-cestat-dismisses-appeal-of-revenue/299823/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Capital%20Goods%20imported%20under%20Zero%20Duty%20EPCG%20Scheme%20is%20Eligible%20for%20Exemption%20:%20CESTAT%20Dismisses%20Appeal%20of%20Revenue The Chennai bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) dismissed the appeal filed by the revenue on the ground of imported capital goods

Read More: https://www.taxscan.in/revisionary-powers-u-s-263-of-income-tax-act-not-prevails-if-ao-conducts-inquiry-and-verification-during-assessment-itat-quashes-revision-order-read-order/299162/ Clipped from: https://www.taxscan.in/revisionary-powers-u-s-263-of-income-tax-act-not-prevails-if-ao-conducts-inquiry-and-verification-during-assessment-itat-quashes-revision-order-read-order/299162/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Revisionary%20Powers%20u/s%20263%20of%20Income%20Tax%20Act%20not%20prevails%20if%20AO%20Conducts%20Inquiry%20and%20Verification%20during%20Assessment:%20ITAT%20quashes%20Revision%20Order The Pune Bench of Income Tax Appellate Tribunal has quashed the revisionary order passed by the Principal Commissioner of Income Tax (PCIT) under Section 263 of the

Read More: https://www.taxscan.in/rent-paid-to-wife-eligible-for-hra-deduction-u-s-1013a-of-income-tax-act-itat/300201/ Clipped from: https://www.taxscan.in/rent-paid-to-wife-eligible-for-hra-deduction-u-s-1013a-of-income-tax-act-itat/300201/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Rent%20Paid%20to%20Wife%20Eligible%20for%20HRA%20Deduction%20u/s%2010(13A)%20of%20Income%20Tax%20Act:%20ITAT In a significant ruling, the Income Tax Appellate Tribunal (ITAT), Delhi bench has held that the rental amount paid to wife is eligible for HRA

Clipped from: https://www.taxscan.in/depreciation-allowable-only-on-fixed-assets-not-used-for-commercial-purpose-itat/299193/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Depreciation%20Allowable%20only%20on%20Fixed%20Assets%20not%20used%20for%20Commercial%20Purpose:%20ITAT The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) held that depreciation is allowable only on fixed assets not used for commercial purpose. The

Clipped from: https://www.taxscan.in/incorrect-claim-of-deduction-or-expenses-made-in-itr-does-not-amount-to-concealment-of-income-or-furnishing-inaccurate-particulars-itat-sets-aside-nfac-order/299465/ By Ipsita Das – On July 14, 2023 11:30 am – 2 mins read The Pune Bench of Income Tax Appellate Tribunal (ITAT) held that rejection of incorrect claim

https://taxguru.in/goods-and-service-tax/appellate-authority-bound-show-cause-notice-allegations-calcutta-high-court.html Clipped from: https://taxguru.in/goods-and-service-tax/appellate-authority-bound-show-cause-notice-allegations-calcutta-high-court.html Calcutta High Court holds Appellate Authority cannot travel beyond allegations made in Show Cause Notice and quashes order for rejection of refund

Clipped from: https://www.taxscan.in/penalty-u-s-272a1d-income-tax-act-shall-not-levied-if-reasonable-cause-for-non-compliance-of-statutory-notices-itat-read-order/297459/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Penalty%20u/s%20272A(1)(d)%20Income%20Tax%20Act%20shall%20not%20levied%20if%20Reasonable%20Cause%20for%20Non-Compliance%20of%20Statutory%20Notices:%20ITAT By Aparna. M – On July 9, 2023 5:30 pm – 2 mins read The Income Tax Appellate Tribunal (ITAT) Delhi Bench ruled that penalty under Section 272(1)(d) of Income Tax Act,

Read More: https://www.taxscan.in/re-assessment-u-s-147-of-income-tax-act-after-expiry-of-four-years-from-end-of-relevant-year-of-assessment-is-invalid-itat/294547/ Clipped from: https://www.taxscan.in/re-assessment-u-s-147-of-income-tax-act-after-expiry-of-four-years-from-end-of-relevant-year-of-assessment-is-invalid-itat/294547/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Re-assessment%20u/s%20147%20of%20Income%20Tax%20Act%20After%20Expiry%20of%20Four%20years%20from%20End%20of%20Relevant%20Year%20of%20Assessment%20is%20Invalid:%20ITAT The New Delhi bench of the Income Tax Appellate Tribunal (ITAT) held that the reopening of assessment under section 147 of the Income Tax Act,1961