Aiswarya Krishnadas
![Taxpayer Substantiates Cash Deposit Source with Sufficient Evidence: ITAT Deletes Addition of 28 lakhs [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/WhatsApp-Image-2024-05-09-at-11.33.42-AM-1.jpeg "Taxpayer Substantiates Cash Deposit Source with Sufficient Evidence: ITAT Deletes Addition of 28 lakhs [Read Order]")
Taxpayer Substantiates Cash Deposit Source with Sufficient Evidence: ITAT Deletes Addition of 28 lakhs [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) ruled in favor of the taxpayer, deleting an addition of 28 lakhs after the taxpayer...
![Expenditure incurred by Asian Paints on research and Development Eligible for Deduction u/s 35 (2AB) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Expenditure-Asian-Paints-research-Development-Eligible-Deduction-Income-Tax-Act-ITAT-taxscan.jpg "Expenditure incurred by Asian Paints on research and Development Eligible for Deduction u/s 35 (2AB) of Income Tax Act: ITAT [Read Order]")
![ITAT rules Expenditures on Freebies to Doctors by Pharmaceutical Sector Violate MCI Regulations, Disallows Deductions under Section 37(1) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/ITAT-Expenditures-on-Freebies-Doctors-Pharmaceutical-Sector-Violate-MCI-Regulations-Disallows-Deductions-Income-Tax-Act-taxscan.jpg "ITAT rules Expenditures on Freebies to Doctors by Pharmaceutical Sector Violate MCI Regulations, Disallows Deductions under Section 37(1) of Income Tax Act [Read Order]")
![Asian Paints fails to Furnish Necessary Details for Supporting Deduction Claim of Sundry Balances Written Off: ITAT directs to File Necessary Documents [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Asian-Paints-Furnish-Necessary-Details-Claim-of-Sundry-Balances-Written-Off-ITAT-Documents-TAXSCAN.jpg "Asian Paints fails to Furnish Necessary Details for Supporting Deduction Claim of Sundry Balances Written Off: ITAT directs to File Necessary Documents [Read Order]")
![ITAT Grants Deductions for Notice Pay, Scrap Sales and Miscellaneous Income u/s 80 IC of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/ITAT-Deductions-for-Notice-Pay-Scrap-Sales-Miscellaneous-Income-of-Income-Tax-Act-taxscan.jpg "ITAT Grants Deductions for Notice Pay, Scrap Sales and Miscellaneous Income u/s 80 IC of Income Tax Act [Read Order]")
ITAT upholds TNMM Method Over CUP for Benchmarking Export Transactions under Manufacturing Segment [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) upheld Transactional Net Margin Method ( TNMM ) over Central Processing Unit ( CPU ) benchmarking export transactions under...
![ITAT upholds TNMM Method Over CUP for Benchmarking Export Transactions under Manufacturing Segment [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/ITAT-TNMM-Over-CUP-Benchmarking-Export-Transactions-Manufacturing-Segment-taxscan.jpg "ITAT upholds TNMM Method Over CUP for Benchmarking Export Transactions under Manufacturing Segment [Read Order]")
ITAT allows deduction u/s 54 of Income Tax Act w.r.t respect of New Residential House Property Purchased in Name of Wife [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) allowed deduction under Section 54 of the Income Tax Act with respect to the new residential house property purchased in the name of the...
![ITAT allows deduction u/s 54 of Income Tax Act w.r.t respect of New Residential House Property Purchased in Name of Wife [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/ITAT-deduction-Income-Tax-Act-New-Residential-House-Property-Purchased-Name-of-Wife-taxscan.webp "ITAT allows deduction u/s 54 of Income Tax Act w.r.t respect of New Residential House Property Purchased in Name of Wife [Read Order]")
Re-determination of UAE Imported Car Valuation Based on Australian Prices Invalid without Contemporary Imports of Comparable Goods: CESTAT [Read Order]
The Chennai bench of the Customs Excise and Service Tax Appellate Tribunal ( CESTAT ) ruled that re-determination of valuation of Imported car from United Arab Emirates ( UAE ) based on Australian...
![Re-determination of UAE Imported Car Valuation Based on Australian Prices Invalid without Contemporary Imports of Comparable Goods: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Re-determination-UAE-Imported-Car-Valuation-Australian-Prices-Invalid-Contemporary-Imports-Comparable-Goods-CESTAT-taxscan.jpg "Re-determination of UAE Imported Car Valuation Based on Australian Prices Invalid without Contemporary Imports of Comparable Goods: CESTAT [Read Order]")
Bombay HC allows Petition by Directing JCIT to Supply a Copy of Exemption Certificate u/s 12 A of Income Tax Act [Read Order]
The Bombay High Court allowed petition by directing to Joint Commissioner of Income Tax ( JCIT )to supply a copy of certificate of exemption under Section 12 A of Income Tax Act, 1961. The...
![Bombay HC allows Petition by Directing JCIT to Supply a Copy of Exemption Certificate u/s 12 A of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Bombay-High-Court-Joint-Commissioner-of-Income-Tax-Exemption-Certificate-Section-12A-of-income-tax-act-taxscan.jpg "Bombay HC allows Petition by Directing JCIT to Supply a Copy of Exemption Certificate u/s 12 A of Income Tax Act [Read Order]")
Failure to comply with Demand Notice Provisions Attracts Liability for Penal Interest: Delhi HC Sets Aside CCI’s order [Read Order]
The Delhi High Court has set aside the Competition Commission of India's (CCI’s) order, stating that failure to adhere to notice provisions incurs liability for penal interest. The proceedings...
![Failure to comply with Demand Notice Provisions Attracts Liability for Penal Interest: Delhi HC Sets Aside CCI’s order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Demand-Notice-Provisions-Attracts-Liability-Penal-Interest-Delhi-HC-CCIs-order-TAXSCAN.jpg "Failure to comply with Demand Notice Provisions Attracts Liability for Penal Interest: Delhi HC Sets Aside CCI’s order [Read Order]")
Gross Income of Spouse can be Disclosed Citing Right of Matrimonial Case Pending before Judicial Court u/s 8(1) (j) of RTI Act: CIC
The Central Information Commission ( CIC ) ruled that gross income of spouse can be disclosed citing right of matrimonial case pending before judicial court under Section 8(1) (j) of Right to...
