Aiswarya Krishnadas
![Genuineness of Purchase and Sale of Shares Proved by Producing Documentary Evidence: ITAT deletes addition u/s 68 [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Mumbai-Purchase-and-Sale-of-Shares-Shares-taxscan.jpg "Genuineness of Purchase and Sale of Shares Proved by Producing Documentary Evidence: ITAT deletes addition u/s 68 [Read Order]")
Genuineness of Purchase and Sale of Shares Proved by Producing Documentary Evidence: ITAT deletes addition u/s 68 [Read Order]
In recent ruling, the Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) deleted addition under Section 68 of Income Tax Act as genuineness...
![No Enquiry by AO: ITAT upholds Revision of Bad Debts allowed u/s 36(1) (vii) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Mumbai-Income-tax-Income-tax-news-Bad-Debts-taxscan.jpg "No Enquiry by AO: ITAT upholds Revision of Bad Debts allowed u/s 36(1) (vii) of Income Tax Act [Read Order]")
![Assessee demonstrates Reasonable Cause for Cash Loan Availment u/s 273 B: ITAT deletes Penalty u/s 271D [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/demonstrates-Reasonable-Cause-Cash-Loan-Availment-us-273-B-ITAT-Penalty-us-271D-TAXSCAN.jpg "Assessee demonstrates Reasonable Cause for Cash Loan Availment u/s 273 B: ITAT deletes Penalty u/s 271D [Read Order]")
![ITAT upholds CIT (A)s Decision Deleting Sales Tax Refund Addition of Rs. 11.6L made by AO u/s 43B of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-CIT-A-ITAT-upholds-CIT-As-Decision-Deleting-Sales-Tax-Refund-Sales-Tax-Refund-taxscan.jpg "ITAT upholds CIT (A)s Decision Deleting Sales Tax Refund Addition of Rs. 11.6L made by AO u/s 43B of Income Tax Act [Read Order]")
![ITAT restores Trusts 80G (5) Registration Application back to CIT (E) despite 6-Year Delay [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-Application-CIT-E-ITAT-restores-Trusts-80G-5-Registration-Application-Delay-taxscan.jpg "ITAT restores Trusts 80G (5) Registration Application back to CIT (E) despite 6-Year Delay [Read Order]")
Unutilized CENVAT credit requires to be included in Closing Stock Value as u/s 145 of Income Tax Act: ITAT confirms Addition [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) confirmed the addition of unutilized Central Value added Tax (CENVAT) credit, mandating its inclusion in the closing stock value as per...
![Unutilized CENVAT credit requires to be included in Closing Stock Value as u/s 145 of Income Tax Act: ITAT confirms Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/CENVAT-credit-Unutilized-CENVAT-credit-Closing-Stock-Value-Stock-Value-taxscan.jpg "Unutilized CENVAT credit requires to be included in Closing Stock Value as u/s 145 of Income Tax Act: ITAT confirms Addition [Read Order]")
Imposition to Remit 15% of Total Income Tax Demand for Grant of Stay is Arbitrary: Kerala HC sets aside Condition [Read Order]
The Kerala High Court has set aside the condition of imposing a remittance of 15% of the total income tax demand for the grant of stay, deeming it arbitrary. The appellant had impugned assessment...
![Imposition to Remit 15% of Total Income Tax Demand for Grant of Stay is Arbitrary: Kerala HC sets aside Condition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Income-Tax-Kerala-high-court-Income-Tax-Demand-Stay-Imposition-TAXSCAN.jpg "Imposition to Remit 15% of Total Income Tax Demand for Grant of Stay is Arbitrary: Kerala HC sets aside Condition [Read Order]")
Kerala High Court Dismisses Delayed Writ Petition Seeking GST and Penalty Refund paid during Jewellery Interception [Read Order]
The Kerala High Court has dismissed a delayed writ petition seeking the refund of demanded Goods and Services Tax ( GST ) and penalty paid during the interception of jewellery as no confiscation...
![Kerala High Court Dismisses Delayed Writ Petition Seeking GST and Penalty Refund paid during Jewellery Interception [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Kerala-High-Court-Delayed-Writ-Petition-Writ-Petition-GST-Penalty-Refund-taxscan.jpg "Kerala High Court Dismisses Delayed Writ Petition Seeking GST and Penalty Refund paid during Jewellery Interception [Read Order]")
Taxpayer Fails to Prove CA’s Advice to Transfer Case to Advocate and his Negligence to File Timely Appeal: ITAT Denies to Condone Delay of 310 Days [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) refused to grant condonation for a 310-day delay, citing the taxpayer's inability to substantiate the Chartered Accountant's (CA)...
![Taxpayer Fails to Prove CA’s Advice to Transfer Case to Advocate and his Negligence to File Timely Appeal: ITAT Denies to Condone Delay of 310 Days [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Condone-Delay-Taxpayer-Taxpayer-Fails-to-Prove-CAs-Advice-Taxpayer-Fails-to-Prove-CAs-Advice-to-Transfer-Case-to-Advocate-taxscan.jpg "Taxpayer Fails to Prove CA’s Advice to Transfer Case to Advocate and his Negligence to File Timely Appeal: ITAT Denies to Condone Delay of 310 Days [Read Order]")
Taxpayer Claims IGST Refund instead of CGST/SGST mistakenly, fails to move any application to Correct Claim: Kerala HC dismisses Petition [Read Order]
In a recent ruling, the Kerala High Court dismissed the petition filed by a taxpayer who mistakenly claimed an Integrated Goods and Service Tax ( IGST ) refund instead of Central Goods Service Tax /...
![Taxpayer Claims IGST Refund instead of CGST/SGST mistakenly, fails to move any application to Correct Claim: Kerala HC dismisses Petition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Kerala-High-Court-GST-GST-Refund-IGST-Taxpayer-Claims-taxscan.jpg "Taxpayer Claims IGST Refund instead of CGST/SGST mistakenly, fails to move any application to Correct Claim: Kerala HC dismisses Petition [Read Order]")
GST Officers Attach Bank Account Despite Paying GST Arrears: Kerala HC Remands Matter Back to State Tax Officer [Read Order]
The Kerala High Court has directed the State Tax Officer to review the case anew after Goods and Service Tax ( GST ) officers seized the taxpayer's bank account, despite the taxpayer having settled...
![GST Officers Attach Bank Account Despite Paying GST Arrears: Kerala HC Remands Matter Back to State Tax Officer [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/GST-Officers-GST-Officers-Attach-Bank-Account-Bank-Account-GST-Arrears-Kerala-HC-taxscan.jpg "GST Officers Attach Bank Account Despite Paying GST Arrears: Kerala HC Remands Matter Back to State Tax Officer [Read Order]")
857 days delay, including 56 Pre-Covid days Properly Explained: ITAT directs CIT(A) to Condone Delay in Appeal Filing [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal ( ITAT ) directed the Commissioner of Income Tax (Appeals) [(CIT(A)] to condone the 857-day delay in filing the appeal a the assessee has given...
![857 days delay, including 56 Pre-Covid days Properly Explained: ITAT directs CIT(A) to Condone Delay in Appeal Filing [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Chennai-Income-Tax-Delay-in-appeal-filing-TAXSCAN.jpg "857 days delay, including 56 Pre-Covid days Properly Explained: ITAT directs CIT(A) to Condone Delay in Appeal Filing [Read Order]")