Aiswarya Krishnadas
![No Legal Proceedings during Resolution Process against CD, Only IRP can file Appeal with Creditor Committee Approval: ITAT dismisses Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/No-Legal-Proceedings-Legal-Proceedings-Resolution-Process-CD-IRP-ITAT-taxscan.jpg "No Legal Proceedings during Resolution Process against CD, Only IRP can file Appeal with Creditor Committee Approval: ITAT dismisses Appeal [Read Order]")
No Legal Proceedings during Resolution Process against CD, Only IRP can file Appeal with Creditor Committee Approval: ITAT dismisses Appeal [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) dismissed the appeal, affirming that no legal proceedings can be initiated during the...
![Interest Expenditure of Tonnage Tax Business has to be Excluded while Computing Disallowance under Rule 8D (2): ITAT Directs to Delete Disallowance [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/ITAT-ITAT-Mumbai-Income-Tax-Interest-Expenditure-TAXSCAN.jpg "Interest Expenditure of Tonnage Tax Business has to be Excluded while Computing Disallowance under Rule 8D (2): ITAT Directs to Delete Disallowance [Read Order]")
![Taxpayer voluntarily clarifies discrepancy in Lease Equalization Disallowance without Malicious Intent: ITAT deletes Penalty u/s 271(1)(c) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/ITAT-ITAT-Mumbai-Income-tax-Income-tax-news-taxscan-1.jpg "Taxpayer voluntarily clarifies discrepancy in Lease Equalization Disallowance without Malicious Intent: ITAT deletes Penalty u/s 271(1)(c) of Income Tax Act [Read Order]")
![AO made No Reference to any Incriminating Material while Making Addition on TDR Transactions: ITAT dismisses Revenues Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/ITAT-Delhi-ITAT-Income-Tax-TDR-Transactions-Revenue-appeal-dismissal-ITAT-AO-assessment-TDR-Income-Tax-Taxscan.jpg "AO made No Reference to any Incriminating Material while Making Addition on TDR Transactions: ITAT dismisses Revenues Appeal [Read Order]")
![Trust mistakenly applies for Registration u/s 12A (1)(ac)(ii) instead of 12A(1)(ac)(iii) of Income Tax Act: ITAT directs Readjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/Income-tax-news-Commissioner-of-Income-Tax-Trust-registration-Trust-taxation-Trust-taxing-mistake-taxscan.jpg "Trust mistakenly applies for Registration u/s 12A (1)(ac)(ii) instead of 12A(1)(ac)(iii) of Income Tax Act: ITAT directs Readjudication [Read Order]")
Non-Competition Fee received under Restrictive Covenants Restrains Source of Income: ITAT deletes Addition of Rs. 64 Cr [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) has ruled to delete the addition of Rs. 64 crore after determining that the non-competition fee received under restrictive covenants...
![Non-Competition Fee received under Restrictive Covenants Restrains Source of Income: ITAT deletes Addition of Rs. 64 Cr [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/Non-Competition-Fee-received-Restrictive-Covenants-Restrains-Source-Income-ITAT-TAXSCAN.jpg "Non-Competition Fee received under Restrictive Covenants Restrains Source of Income: ITAT deletes Addition of Rs. 64 Cr [Read Order]")
Jurisdiction Challenge of Assessing Authority shall be filed within 1 Month as u/s 124(3) of Income Tax Act: ITAT dismisses Appeal [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal ( ITAT ) dismissed the appeal as the jurisdiction challenge of the assessing authority was not filed within one month as per Section 124(3) of...
![Jurisdiction Challenge of Assessing Authority shall be filed within 1 Month as u/s 124(3) of Income Tax Act: ITAT dismisses Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/ITAT-ITAT-Bangalore-Income-Tax-Assessing-Authority-taxscan.jpg "Jurisdiction Challenge of Assessing Authority shall be filed within 1 Month as u/s 124(3) of Income Tax Act: ITAT dismisses Appeal [Read Order]")
AO fails to Implement DRP Directions while Passing Final Assessment Order: ITAT quashes Assessment Order [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) quashed the assessment order after finding that the Assessing Officer ( AO ) failed to implement Dispute Resolution Panel ( DRP )...
![AO fails to Implement DRP Directions while Passing Final Assessment Order: ITAT quashes Assessment Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/ITAT-Delhi-ITAT-Assessment-Order-Dispute-Resolution-Panel-DRP-Dispute-Resolution-Panel-guidelines-Taxscan.jpg "AO fails to Implement DRP Directions while Passing Final Assessment Order: ITAT quashes Assessment Order [Read Order]")
Interest on Non-Recovery of Loans Falls within Purview of Business Activity only, Not Income from Other Sources: ITAT directs Re-adjudication [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal ( ITAT ) directed re-adjudication, ruling that interest on non-recovery of loans falls within the purview of business activity only and not...
![Interest on Non-Recovery of Loans Falls within Purview of Business Activity only, Not Income from Other Sources: ITAT directs Re-adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/ITAT-ITAT-Ahmedabad-Income-Tax-Re-adjudication-taxscan.jpg "Interest on Non-Recovery of Loans Falls within Purview of Business Activity only, Not Income from Other Sources: ITAT directs Re-adjudication [Read Order]")
Agricultural Expenditure Adequacy Not verified by AO u/s 143(3), Revenue interests not sustainable: ITAT quashes Assessment Order [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal ( ITAT ) has quashed the assessment order after finding that the Assessing Officer ( AO ) failed to verify the adequacy of agricultural...
![Agricultural Expenditure Adequacy Not verified by AO u/s 143(3), Revenue interests not sustainable: ITAT quashes Assessment Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/Agricultural-Expenditure-Adequacy-AO-us-1433-Revenue-interests-not-sustainable-ITAT-quashes-assessment-order-TAXSCAN.jpg "Agricultural Expenditure Adequacy Not verified by AO u/s 143(3), Revenue interests not sustainable: ITAT quashes Assessment Order [Read Order]")
Taxpayer Challenges AO's Disallowance which is not in terms with Section 115JB of Income Tax Act: ITAT restores matter back for Factual Verification [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) responded to the taxpayer's challenge against the Assessing Officer's disallowance, which was deemed inconsistent with Section 115JB of...
![Taxpayer Challenges AOs Disallowance which is not in terms with Section 115JB of Income Tax Act: ITAT restores matter back for Factual Verification [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/ITAT-ITAT-Delhi-Income-Tax-Taxpayer-TAXSCAN.jpg "Taxpayer Challenges AOs Disallowance which is not in terms with Section 115JB of Income Tax Act: ITAT restores matter back for Factual Verification [Read Order]")