Aparna. M
![Deficient Appeal Fee would result in Defective Appeal: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Deficient-Appeal-Fee-Defective-Appeal-ITAT-TAXSCAN.jpg "Deficient Appeal Fee would result in Defective Appeal: ITAT [Read Order]")
Deficient Appeal Fee would result in Defective Appeal: ITAT [Read Order]
The Allahabad bench of the Income tax appellate tribunal has recently held that the assessee was not willing to remove the defect regarding the...
![Depreciation Allowable on Goodwill which was Included in Determining Face Value of Shares in the Scheme of Amalgamation: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Depreciation-Goodwill-Face-Value-of-Shares-Shares-Scheme-of-Amalgamation-Amalgamation-ITAT-Income-Tax-Taxscan-.jpg "Depreciation Allowable on Goodwill which was Included in Determining Face Value of Shares in the Scheme of Amalgamation: ITAT [Read Order]")
![AO cannot Change Method followed by Assessee from DCF Method to NAV Method: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/AO-Method-Assessee-DCF-Method-NAV-Method-ITAT-TAXSCAN.jpg "AO cannot Change Method followed by Assessee from DCF Method to NAV Method: ITAT [Read Order]")
![Depreciation at 60% Not Allowable on Robotix Kits: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Depreciation-Robotix-Kits-ITAT-Income-Tax-Tax-Taxscan.jpg "Depreciation at 60% Not Allowable on Robotix Kits: ITAT [Read Order]")
![Interest Paid on Borrowing by Assessee carrying out Business in Investing in Shares Allowable as Business Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Interest-Paid-Interest-Borrowing-Business-Investing-in-Shares-Business-Expenditure-ITAT-Income-Tax-Tax-Taxscan.jpg "Interest Paid on Borrowing by Assessee carrying out Business in Investing in Shares Allowable as Business Expenditure: ITAT [Read Order]")
“Deemed Dividend” Not Applicable to Payment by Company on behalf of Shareholder for Purchase Property as a Stop Gap Arrangement subsequently Re-paid: ITAT [Read Order]
The Chennai Income Tax Appellate Tribunal ( ITAT ) has recently held that deemed dividend would not be applicable to payment by company on behalf of shareholder for purchase property as a stop gap...
![“Deemed Dividend” Not Applicable to Payment by Company on behalf of Shareholder for Purchase Property as a Stop Gap Arrangement subsequently Re-paid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Deemed-Dividend-Payment-Shareholder-Purchase-Property-Gap-Arrangement-Re-paid-ITAT-Income-Tax-Tax-Taxscan.jpg "“Deemed Dividend” Not Applicable to Payment by Company on behalf of Shareholder for Purchase Property as a Stop Gap Arrangement subsequently Re-paid: ITAT [Read Order]")
SOP Guidelines issued by CBDT Not Applicable to Unlisted Scrips: ITAT Quashes Revision Order [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal ( ITAT ) while quashing the revision order observed that Standard Operating Procedures guidelines issued by Central Board of Direct Tax ( CBDT ) are...
![SOP Guidelines issued by CBDT Not Applicable to Unlisted Scrips: ITAT Quashes Revision Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/SOP-Guidelines-SOP-CBDT-Unlisted-Scrips-ITAT-Revision-Order-Income-Tax-Tax-Taxscan.jpg "SOP Guidelines issued by CBDT Not Applicable to Unlisted Scrips: ITAT Quashes Revision Order [Read Order]")
Provisions of Deemed Gift u/s 56(2)(vii)(b) of Income Tax Act cannot be Applied Retrospectively: ITAT [Read Order]
The Delhi bench of Income Tax Appellate Tribunal ( ITAT ) has recently held that provisions of deemed gift under section 56(2)(vii)(b) of Income Tax Act 1961 could not be applied retrospectively. ...
![Provisions of Deemed Gift u/s 56(2)(vii)(b) of Income Tax Act cannot be Applied Retrospectively: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Deemed-Gift-Gift-Income-Tax-Act-Income-Tax-Tax-Taxscan.jpg "Provisions of Deemed Gift u/s 56(2)(vii)(b) of Income Tax Act cannot be Applied Retrospectively: ITAT [Read Order]")
![Vehicles form part of Plant and Machinery: ITAT allows Depreciation on Hired Cars [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Vehicles-Plant-and-Machinery-ITAT-Depreciation-Hired-Cars-Taxscan.jpg "Vehicles form part of Plant and Machinery: ITAT allows Depreciation on Hired Cars [Read Order]")
![ITAT deletes Addition against ESPN Star Sports [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/ITAT-ESPN-Star-Sports-Star-Sports-Income-Tax-Tax-Taxscan.jpg "ITAT deletes Addition against ESPN Star Sports [Read Order]")
![Examination of Aircraft usage Compliance: Customs Not Bound by DGCA Decision, says Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Examination-of-Aircraft-usage-Compliance-Customs-DGCA-Decision-Delhi-HC-TAXSCAN.jpg "Examination of Aircraft usage Compliance: Customs Not Bound by DGCA Decision, says Delhi HC [Read Order]")
Cancellation of GST Registration: Delhi HC quashes Order passed in Non-Consideration of Rectification Application for Apparent Error [Read Order]
In a significant case the Delhi High Court while observing the Goods and Service Tax (GST) registration quashed the order passed in non-consideration of the rectification application for apparent...
![Cancellation of GST Registration: Delhi HC quashes Order passed in Non-Consideration of Rectification Application for Apparent Error [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Cancellation-of-GST-Registration-Delhi-HC-Order-Non-Consideration-of-Rectification-Application-Apparent-Error-Taxscan.jpg "Cancellation of GST Registration: Delhi HC quashes Order passed in Non-Consideration of Rectification Application for Apparent Error [Read Order]")