Aparna. M
![Engineering and Development costs incurred for manufacture and sale of Seats for Passenger cars are Revenue Expenditure :ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Engineering-and-Development-costs-incurred-for-manufacture-and-sale-of-Seats-for-Passenger-cars-are-Revenue-Expenditure-ITAT-TAXSCAN-1.jpg "Engineering and Development costs incurred for manufacture and sale of Seats for Passenger cars are Revenue Expenditure :ITAT [Read Order]")
Engineering and Development costs incurred for manufacture and sale of Seats for Passenger cars are Revenue Expenditure :ITAT [Read Order]
The Pune bench of Income Tax Appellate Tribunal (ITAT) has held that engineering and development costs incurred for manufacture and sale of seats...
![Share Capital Credited through Journal Entries are not Unexplained Share Capital : ITAT upholds deletion of addition u/s 68 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Share-Capital-Credited-through-Journal-Entries-are-not-Unexplained-Share-Capital-ITAT-upholds-deletion-of-addition-Income-Tax-Act-TAXSCAN.jpg "Share Capital Credited through Journal Entries are not Unexplained Share Capital : ITAT upholds deletion of addition u/s 68 of Income Tax Act [Read Order]")
![ITAT quashes disallowance of Payment made to Subcontractors Workers on basis of Admissions or Confessions made during Survey Proceedings [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/ITAT-disallowance-Payment-Subcontractors-Workers-Admissions-or-Confessions-during-Survey-Proceedings-TAXSCAN.jpg "ITAT quashes disallowance of Payment made to Subcontractors Workers on basis of Admissions or Confessions made during Survey Proceedings [Read Order]")
![Failure to Justify Service render to AE: ITAT Upholds Disallowance of Payment of Agency Commission [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Failure-Associated-Enterprise-ITAT-Uphold-disallowance-Payment-Agency-Commission-income-tax-income-tax-taxscan.jpg "Failure to Justify Service render to AE: ITAT Upholds Disallowance of Payment of Agency Commission [Read Order]")
Additional Income Tax pay by Domestic Company to Resident Shareholder shall be at rate mentioned Section 115-O of Income Tax Act: ITAT [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has held that additional income tax pay by domestic companies to resident shareholders should be at the rate mentioned under Section 115-O of...
![Additional Income Tax pay by Domestic Company to Resident Shareholder shall be at rate mentioned Section 115-O of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Additional-Income-Tax-pay-Domestic-Company-Resident-Shareholder-shall-at-rate-mentioned-Section-Income-Tax-Act-ITAT-TAXSCAN.jpg "Additional Income Tax pay by Domestic Company to Resident Shareholder shall be at rate mentioned Section 115-O of Income Tax Act: ITAT [Read Order]")
Deduction for Revenue from Onsite Services cannot be denied on ground of not connected to Eligible Units located in India:ITAT [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal (ITAT) has recently held that deduction for revenue from onsite services could not be denied on the ground of not connected to eligible units...
![Deduction for Revenue from Onsite Services cannot be denied on ground of not connected to Eligible Units located in India:ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Deduction-Revenue-Onsite-Services-Eligible-Units-India-ITAT-Deduction-for-Revenue-denied-income-tax-taxscan.jpg "Deduction for Revenue from Onsite Services cannot be denied on ground of not connected to Eligible Units located in India:ITAT [Read Order]")
![ITAT quashes Reassessment Order passed without issuing Valid Notice u/s 148 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/ITAT-quash-reassessment-order-issue-Valid-Notice-Income-Tax-Act-taxscan.jpg "ITAT quashes Reassessment Order passed without issuing Valid Notice u/s 148 of Income Tax Act [Read Order]")
Credits to Capital Account shown as Gift from assessee's Aunt are not Unexplained Credits :ITAT deletes Addition [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) has held that the credits to capital account shown as gift from assessee's aunt are not unexplained credits. Therefore,...
![Credits to Capital Account shown as Gift from assessees Aunt are not Unexplained Credits :ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Credits-Capital-Account-Gift-Aunt-Unexplained-Credits-ITAT-deletes-Addition-income-tax-income-tax-taxscan.jpg "Credits to Capital Account shown as Gift from assessees Aunt are not Unexplained Credits :ITAT deletes Addition [Read Order]")
Validity of TRC: Delhi High Court direct AO to provide Information to Vodafone Mauritius [Read Order]
The Delhi High court recently directed the Assessing Officer (AO) to provide information to vodafone Mauritius regarding validity of Tax Residency Certificate (TRC). The writ petition is filed by...
![Validity of TRC: Delhi High Court direct AO to provide Information to Vodafone Mauritius [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Validity-of-TRC-TRC-Delhi-High-Court-AO-Assessing-Officer-Information-to-Vodafone-Mauritius-Vodafone-Mauritius-Delhi-High-Court-direct-AO-Taxscan.jpg "Validity of TRC: Delhi High Court direct AO to provide Information to Vodafone Mauritius [Read Order]")
Failure to Furnish Information for Entry of Demo Car in Madhya Pradesh As Per Rule 138 of GST Rules: MP Highcourt Upholds GST Levy against Kia Motors [Read Order]
In a significant case the Madhya Pradesh High court while upheld the levy of Goods and Service Tax (GST) against Kia Motors held that petitioner failed to furnish information for entry of demo cars...
![Failure to Furnish Information for Entry of Demo Car in Madhya Pradesh As Per Rule 138 of GST Rules: MP Highcourt Upholds GST Levy against Kia Motors [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Entry-of-Demo-Car-in-Madhya-Pradesh-Demo-Car-Furnish-Information-GST-Rules-MP-Highcourt-Upholds-GST-Levy-GST-Levy-against-Kia-Motors-GST-Taxscan.jpg "Failure to Furnish Information for Entry of Demo Car in Madhya Pradesh As Per Rule 138 of GST Rules: MP Highcourt Upholds GST Levy against Kia Motors [Read Order]")
Bombay High Court Quashes Income Tax Recovery against Directors upon Proving Lack of Control on Financial Affairs of Company [Read Order]
The Division Bench of Justice K.R.Shriram and Justice M.M.Sathaye of Bombay High court has quashed the income tax recovery against directors upon proving lack of control on financial affairs of...
![Bombay High Court Quashes Income Tax Recovery against Directors upon Proving Lack of Control on Financial Affairs of Company [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Bombay-High-Court-Income-Tax-Recovery-Directors-Proving-Lack-of-Control-on-Financial-Affairs-of-Company-TAXSCAN.jpg "Bombay High Court Quashes Income Tax Recovery against Directors upon Proving Lack of Control on Financial Affairs of Company [Read Order]")