Aparna. M
Credit Entries Appearing in Current & Savings Accounts are Gross Receipts from Business Transactions, 8% Profit Rate Applicable: ITAT
The Chennai bench of the Income Tax Appellate Tribunal (ITAT) has recently held that credit entries appearing in current and saving accounts are...
![No failure on the part of the Assessee to Disclose Material Facts during Scrutiny u/s 143(3), IT Act: ITAT quashes Reopening of Assessment u/s 148 [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/No-failure-on-the-part-of-the-Assessee-to-Disclose-Material-Facts-during-Scrutiny-Assessee-Material-Facts-Scrutiny-IT-Act-ITAT-quashes-Reopening-of-Assessment-ITAT-Taxscan.jpg "No failure on the part of the Assessee to Disclose Material Facts during Scrutiny u/s 143(3), IT Act: ITAT quashes Reopening of Assessment u/s 148 [Read Order]")
![Expenditure Claimed on account of Forward Premium relating to Forward Contracts in respect of Foreign Currency Loans are Capital Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Expenditure-Claimed-on-account-of-Forward-Premium-relating-to-Forward-Contracts-in-respect-of-Foreign-Currency-Loans-are-Capital-Expenditure-ITAT-TAXSCAN.jpg "Expenditure Claimed on account of Forward Premium relating to Forward Contracts in respect of Foreign Currency Loans are Capital Expenditure: ITAT [Read Order]")
![No addition on Gross Receipts reflected in Form 26AS inclusive of Service Tax: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Gross-Receipts-reflected-in-Form-26AS-Form-26AS-Gross-Receipts-inclusive-of-Service-Tax-ITAT-taxscan.jpg "No addition on Gross Receipts reflected in Form 26AS inclusive of Service Tax: ITAT [Read Order]")
Compensation paid to CSA for Termination of the CLT20 Tournament is not Taxable under Provisions of India-South Africa DTAA: ITAT Grants relief to BCCI [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has recently held compensation paid to Cricket South Africa for the termination of the CLT20 tournament is not taxable under...
![Compensation paid to CSA for Termination of the CLT20 Tournament is not Taxable under Provisions of India-South Africa DTAA: ITAT Grants relief to BCCI [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Compensation-paid-to-CSA-for-Termination-of-the-CLT20-Tournament-Taxable-under-Provisions-of-India-South-Africa-DTAA-CLT20-Tournament-ITAT-Taxscan.jpg "Compensation paid to CSA for Termination of the CLT20 Tournament is not Taxable under Provisions of India-South Africa DTAA: ITAT Grants relief to BCCI [Read Order]")
![5% GST applicable on Job Work of Manufacturing Chocolates: AAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/GST-applicable-on-Job-Work-of-Manufacturing-Chocolates-AAR-GST-Manufacturing-Chocolates-Job-Work-of-Manufacturing-Chocolates-Taxscan.jpg "5% GST applicable on Job Work of Manufacturing Chocolates: AAR [Read Order]")
5% GST applicable on Printing Services, if content supplied by recipient along with Raw Materials: AAR [Read Order]
Telangana Authority For Advance Ruling (AAR) has recently ruled that 5% Goods and Service Tax (GST) is applicable on printing services if content supplied by recipient along with raw materials. ...
![5% GST applicable on Printing Services, if content supplied by recipient along with Raw Materials: AAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/GST-applicable-on-Printing-Services-content-supplied-by-recipient-along-with-Raw-Materials-AAR-TAXSCAN.jpg "5% GST applicable on Printing Services, if content supplied by recipient along with Raw Materials: AAR [Read Order]")
![Lessor entitled to Claim Depreciation on Leased Assets under Finance Lease: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Lessor-Depreciation-Leased-Assets-under-Finance-Lease-Depreciation-on-Leased-Assets-ITAT-taxscan.jpg "Lessor entitled to Claim Depreciation on Leased Assets under Finance Lease: ITAT [Read Order]")
Rectification Application for Exempted Allowance Claim: ITAT upholds Claim Rejection u/s 143(1)(a) of Income Tax Act [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal (ITAT) has recently held that the assessee did not claim the amount of exempted allowance in return of income therefore the bench upheld the...
![Rectification Application for Exempted Allowance Claim: ITAT upholds Claim Rejection u/s 143(1)(a) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Rectification-Application-for-Exempted-Allowance-Claim-Exempted-Allowance-Claim-ITAT-upholds-Claim-Rejection-ITAT-Claim-Rejection-Income-Tax-Act-Income-Tax-Taxscan.jpg "Rectification Application for Exempted Allowance Claim: ITAT upholds Claim Rejection u/s 143(1)(a) of Income Tax Act [Read Order]")
Deduction u/s 80IC of IT Act shall not be denied if Assessee forms New Firm in same Name at same Premises: ITAT [Read Order]
The Delhi bench of Income Tax Appellate Tribunal (ITAT) has recently held that deduction under Section 80IC of Income Tax Act 1961 should not be denied if assessee form a new firm in the same...
![Deduction u/s 80IC of IT Act shall not be denied if Assessee forms New Firm in same Name at same Premises: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Income-Tax-Act-Deduction-Assessee-New-Firm-Premises-ITAT-Assessee-forms-New-Firm-same-Name-at-same-Premises-taxscan.jpg "Deduction u/s 80IC of IT Act shall not be denied if Assessee forms New Firm in same Name at same Premises: ITAT [Read Order]")