Aparna. M
![No Proceedings shall be initiated by SGST/UGST Officers if CGST initiates Investigation on Same Matter: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/SGST-officer-UGST-Officers-CGST-Delhi-Highcourt-taxscan.jpg "No Proceedings shall be initiated by SGST/UGST Officers if CGST initiates Investigation on Same Matter: Delhi HC [Read Order]")
No Proceedings shall be initiated by SGST/UGST Officers if CGST initiates Investigation on Same Matter: Delhi HC [Read Order]
In a significant case, the Delhi high court observed that no proceedings should be initiated by State Goods and Service Tax / Union Goods and...
![Exemption u/s.11 of Income Tax Act shall not be granted when activities of Trust are in Nature of Trade, Commerce or Business:ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Exemption-Income-Tax-Act-Income-Tax-activities-of-Trust-Trust-Nature-of-Trade-Trade-Commerce-taxscan-Business-ITAT.jpg "Exemption u/s.11 of Income Tax Act shall not be granted when activities of Trust are in Nature of Trade, Commerce or Business:ITAT [Read Order]")
![Waiver of Loan for Acquiring Capital Assets cannot be taxed as Perquisite u/s 28(iv) of Income Tax Act :ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Waiver-Waiver-of-Loan-Capital-Assets-Waiver-of-Loan-for-Acquiring-Capital-Assets-Perquisite-Income-Tax-Act-taxscan.jpg "Waiver of Loan for Acquiring Capital Assets cannot be taxed as Perquisite u/s 28(iv) of Income Tax Act :ITAT [Read Order]")
![“Transfer of property” completes only after extinguishing rights of owners : ITAT allows capital gain exemption [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Transfer-of-property-extinguishing-rights-of-owners-ITAT-capital-gain-exemption-taxscan.jpg "“Transfer of property” completes only after extinguishing rights of owners : ITAT allows capital gain exemption [Read Order]")
![ITAT quashes reassessment framed u/s.143(3) of Income Tax Act beyond 4 years on absence of establishing failure on part of assessee [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/ITAT-ITAT-quashes-reassessment-Income-Tax-Act-failure-assessee-taxscan.jpg "ITAT quashes reassessment framed u/s.143(3) of Income Tax Act beyond 4 years on absence of establishing failure on part of assessee [Read Order]")
CIT (A) can Enhance any Issue which touched upon by AO in Assessment Order : ITAT upholds Enhancement of Income made u/s 251(2) of Income Tax Act [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chennai bench held that Commissioner Income Tax (Appeals) [CIT(A)] could enhance any issue which was touched upon by an Assessing Officer in the Assessment...
![CIT (A) can Enhance any Issue which touched upon by AO in Assessment Order : ITAT upholds Enhancement of Income made u/s 251(2) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/CIT-A-Issue-CIT-A-can-Enhance-any-Issue-which-touched-upon-by-AO-AO-Assessment-Order-ITAT-taxscan.jpg "CIT (A) can Enhance any Issue which touched upon by AO in Assessment Order : ITAT upholds Enhancement of Income made u/s 251(2) of Income Tax Act [Read Order]")
ITAT directs Re-adjudication in respect of additions made towards deemed dividend u/s 2(22)(e) Income Tax Act received from Shareholder Company [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chennai bench directed readjudication in respect of addition made towards deemed dividend under Section 2(22)(e) of the Income Tax Act, 1961 received from...
![ITAT directs Re-adjudication in respect of additions made towards deemed dividend u/s 2(22)(e) Income Tax Act received from Shareholder Company [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/ITAT-Re-adjudication-additions-deemed-dividend-Income-Tax-Act-Shareholder-Company-TAXSCAN.jpg "ITAT directs Re-adjudication in respect of additions made towards deemed dividend u/s 2(22)(e) Income Tax Act received from Shareholder Company [Read Order]")
Exemption u/s.11 of Income Tax Act shall not be allowed when receipts from activity of GPU is excess of prescribed profit as per section 2(15) :ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chennai bench held that exemption under Section 11 of the Income tax act, 1961 should not be allowed when receipts from activity of General Public...
![Exemption u/s.11 of Income Tax Act shall not be allowed when receipts from activity of GPU is excess of prescribed profit as per section 2(15) :ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Exemption-Of-Income-Tax-Act-Income-Tax-Act-Income-Tax-receipts-from-activity-of-GPU-General-Public-Utility-receipts-from-activity-GPU-TAXSCAN.jpg "Exemption u/s.11 of Income Tax Act shall not be allowed when receipts from activity of GPU is excess of prescribed profit as per section 2(15) :ITAT [Read Order]")
Deduction Claimed u/s.36(1)(viia) Income Tax Act shall not exceed provision made for Bad and Doubtful Debts in Books of Accounts: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chennai bench held that deduction claimed under Section 36(1)(viia) of the Income Tax Act, 1961 should not exceed provisions made for bad and doubtful debts...
![Deduction Claimed u/s.36(1)(viia) Income Tax Act shall not exceed provision made for Bad and Doubtful Debts in Books of Accounts: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Deduction-Income-Tax-Act-provision-Bad-Doubtful-Debts-books-of-accounts-ITAT-TAXSCAN.jpg "Deduction Claimed u/s.36(1)(viia) Income Tax Act shall not exceed provision made for Bad and Doubtful Debts in Books of Accounts: ITAT [Read Order]")
“Corpus Donations” received by assessee’s Trust will include in total income of Trust, if exemption u/s 11 Income Tax Act denied :ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chennai bench held that corpus donation received by assessee trust would include in total income of trust when exemption under Section 11 of the Income Tax...
![“Corpus Donations” received by assessee’s Trust will include in total income of Trust, if exemption u/s 11 Income Tax Act denied :ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Corpus-Donations-assessees-Trust-total-income-total-income-of-Trust-exemption-Income-Tax-Act-ITAT-taxscan.jpg "“Corpus Donations” received by assessee’s Trust will include in total income of Trust, if exemption u/s 11 Income Tax Act denied :ITAT [Read Order]")
Difference in Opening Stock and Closing Stock due to Clerical Mistake in ITR: ITAT upholds deletion of Addition [Read Order]
The Income Tax Appellate Tribunal (ITAT) Delhi bench observed that difference in the opening stock and closing stock of assessee arised due to the clerical mistake of Filing Income Tax Return....
![Difference in Opening Stock and Closing Stock due to Clerical Mistake in ITR: ITAT upholds deletion of Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Difference-Opening-Stock-Closing-Stock-Clerical-Mistake-ITR-ITAT-TAXSCAN.jpg "Difference in Opening Stock and Closing Stock due to Clerical Mistake in ITR: ITAT upholds deletion of Addition [Read Order]")