Aparna. M
![HUF Members Property Purchase Entitles Capital Gain Exemption u/s 54 of Income Tax Act : ITAT quashes Reassessment Proceedings [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/ITAT-ITAT-Ahmedabad-Income-Tax-HUF-TAXSCAN.jpg "HUF Members Property Purchase Entitles Capital Gain Exemption u/s 54 of Income Tax Act : ITAT quashes Reassessment Proceedings [Read Order]")
HUF Member's Property Purchase Entitles Capital Gain Exemption u/s 54 of Income Tax Act : ITAT quashes Reassessment Proceedings [Read Order]
The Ahmedabad bench Income Tax Appellate Tribunal ( ITAT ) while quashing the reassessment proceedings held that Hindu Undivided Family ( HUF )...
![Advance payment made to AE’s for Commercial Expediency of Pharmaceutical Business in Foreign Territory subject to ALP u/s 92 of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/ITAT-ITAT-Ahmedabad-Income-Tax-Pharmaceutical-Business-TAXSCAN.jpg "Advance payment made to AE’s for Commercial Expediency of Pharmaceutical Business in Foreign Territory subject to ALP u/s 92 of Income Tax Act: ITAT [Read Order]")
![ITAT uphold upward adjustment towards guarantee fee in favor of bank with respect of transaction carried out by AE’s [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/ITAT-ITAT-uphold-upward-adjustment-fee-bank-taxscan.jpg "ITAT uphold upward adjustment towards guarantee fee in favor of bank with respect of transaction carried out by AE’s [Read Order]")
![No disallowance on basis of conjecture and surmises with respect to Diversion of profit from partnership firm to assessee company: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/ITAT-Ahmedabad-ITAT-Income-Tax-ITAT-ruling-on-profit-diversion-Partnership-firm-profit-to-company-Taxscan.jpg "No disallowance on basis of conjecture and surmises with respect to Diversion of profit from partnership firm to assessee company: ITAT [Read Order]")
![Expenses incurred for conducting clinical trials of Pharmaceuticals Companies outside organization allowable as deduction u/s 35 (2AB) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/ITAT-ITAT-Ahmedabad-Income-Tax-Clinical-trial-expenses-Clinical-trials-taxscan.jpg "Expenses incurred for conducting clinical trials of Pharmaceuticals Companies outside organization allowable as deduction u/s 35 (2AB) of Income Tax Act: ITAT [Read Order]")
ITAT deletes addition made on accrual basis with respect to interest income of arbitration award [ Read Order]
The Delhi bench Income Tax Appellate Tribunal ( ITAT ) deleted the addition made on the accrual basis with respect to the interest income earned from the arbitration award. The Assessee MMTC Ltd...
![ITAT deletes addition made on accrual basis with respect to interest income of arbitration award [ Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/ITAT-ITAT-Delhi-Income-Tax-Arbitration-award-Interest-income-taxscan.jpg "ITAT deletes addition made on accrual basis with respect to interest income of arbitration award [ Read Order]")
Kerala HC directs to deposit 12 crore as Advance Tax for maintaining Appeal against Assessment Order [Read Order]
In a significant case the Kerala high court directed to deposit 2 crore as advance tax for maintaining appeal against assessment order. In this case the petitioner Alka Ventures Private Limited...
ITAT upholds Transfer Pricing Adjustment made on Purchase consideration paid under Scheme of Amalgamation entered with Holding Company [Read Order]
The Mumbai bench Income Tax Appellate Tribunal ( ITAT ) upheld that transfer pricing adjustment made on purchase consideration paid under the scheme of amalgamation entered with the holding company. ...
![ITAT upholds Transfer Pricing Adjustment made on Purchase consideration paid under Scheme of Amalgamation entered with Holding Company [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/ITAT-ITAT-Mumbai-Transfer-Pricing-Adjustment-Scheme-of-Amalgamation-taxscan.jpg "ITAT upholds Transfer Pricing Adjustment made on Purchase consideration paid under Scheme of Amalgamation entered with Holding Company [Read Order]")
![Rectification of Mistakenly filed ITR by tax consultant: ITAT directs Re adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/Rectification-ITR-Rectification-of-Mistakenly-filed-ITR-by-tax-consultant-tax-consultant-taxscan.jpg "Rectification of Mistakenly filed ITR by tax consultant: ITAT directs Re adjudication [Read Order]")
Failure to provide proper reason with respect to Escapement of Income regarding investment in House Construction: ITAT quashes Reassessment Proceedings [Read Order]
The Delhi bench, Income Tax Appellate Tribunal (ITAT) while quashing the reassessment proceedings held that the Assessing officer failure to provide proper reason with respect to escapement of...
![Failure to provide proper reason with respect to Escapement of Income regarding investment in House Construction: ITAT quashes Reassessment Proceedings [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/Failure-Failure-to-provide-proper-reason-Escapement-of-Income-House-Construction-taxscan.jpg "Failure to provide proper reason with respect to Escapement of Income regarding investment in House Construction: ITAT quashes Reassessment Proceedings [Read Order]")
“Not every deposit during Demonetisation Period would fall under category of Unaccounted Cash”: ITAT directs Re-adjudication with respect to genuineness of deposit [Read Order]
The Bangalore bench Income Tax Appellate Tribunal (ITAT), while directing re-adjudication with respect to genuineness of deposit made during demonetisation period held that not every deposit during...
![“Not every deposit during Demonetisation Period would fall under category of Unaccounted Cash”: ITAT directs Re-adjudication with respect to genuineness of deposit [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/Not-every-deposit-during-Demonetisation-Period-Demonetisation-Period-Unaccounted-Cash-ITAT-taxscan.jpg "“Not every deposit during Demonetisation Period would fall under category of Unaccounted Cash”: ITAT directs Re-adjudication with respect to genuineness of deposit [Read Order]")
![ITAT upholds Disallowance for delayed deposit of PF & ESIC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/ITAT-ITAT-Mumbai-Income-Tax-Disallowance-for-Delayed-Deposit-TAXSCAN.jpg "ITAT upholds Disallowance for delayed deposit of PF & ESIC [Read Order]")