Fathima Karama A.M
![Registration u/s 12 of Income Tax Act cannot be Denied without Providing Reasonable Opportunity of being Heard to Assessee: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Registration-Income-Tax-Act-Opportunity-of-being-Heard-to-Assessee-Income-Tax-ITAT-taxscan.jpg "Registration u/s 12 of Income Tax Act cannot be Denied without Providing Reasonable Opportunity of being Heard to Assessee: ITAT [Read Order]")
Registration u/s 12 of Income Tax Act cannot be Denied without Providing Reasonable Opportunity of being Heard to Assessee: ITAT [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has held that the registration under Section 12 of the Income Tax Act 1961 could not be...
![Expenditure Incurred to Avoid Adverse Effects on Reputation and Cost of Litigation is a Valid Business Exigency Deductible u/s 37 of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Expenditure-Incurred-Reputation-and-Cost-of-Litigation-Cost-of-Litigation-Income-Tax-Act-Income-Tax-ITAT-Taxscan.jpg "Expenditure Incurred to Avoid Adverse Effects on Reputation and Cost of Litigation is a Valid Business Exigency Deductible u/s 37 of Income Tax Act: ITAT [Read Order]")
![Revenue Cannot Adjust Withheld Tax not Deposited by Employer in Central Govt account, against Refund Due and Payable to Employee u/s 205 of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Revenue-Adjust-Withheld-Tax-Deposited-by-Employer-in-Central-Govt-account-Refund-Employee-Income-Tax-Act-ITAT-TAXSCAN.jpg "Revenue Cannot Adjust Withheld Tax not Deposited by Employer in Central Govt account, against Refund Due and Payable to Employee u/s 205 of Income Tax Act: ITAT [Read Order]")
![Withdrawal of Amount from Bank Account for Purchase of Property and Redeposit of same Bank as Purchase Deal not Fructified: ITAT deletes addition u/s 68 [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Withdrawal-Amount-Bank-Account-Withdrawal-of-Amount-from-Bank-Account-for-Purchase-of-Property-taxscan.jpg "Withdrawal of Amount from Bank Account for Purchase of Property and Redeposit of same Bank as Purchase Deal not Fructified: ITAT deletes addition u/s 68 [Read Order]")
![Books of Accounts Prepared u/s 115JB r.w.s 211(2) of Companies Act not Applicable: ITAT Grants Exemption to ICICI Bank [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Books-of-Accounts-Prepared-Companies-Act-not-Applicable-ITAT-Grants-Exemption-to-ICICI-Bank-TAXSCAN.jpg "Books of Accounts Prepared u/s 115JB r.w.s 211(2) of Companies Act not Applicable: ITAT Grants Exemption to ICICI Bank [Read Order]")
Transfer Pricing not Applicable as Transaction Neither International nor Specified Domestic Transaction: ITAT deletes Addition against Jetair [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has deleted the addition against Jetair holding that the transfer pricing could not be applied as transaction neither international nor as a...
![Transfer Pricing not Applicable as Transaction Neither International nor Specified Domestic Transaction: ITAT deletes Addition against Jetair [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Transfer-Pricing-Transaction-Neither-International-ITAT-deletes-Addition-against-Jetair-Jetair-Addition-ITAT-Income-Tax-taxscan.jpg "Transfer Pricing not Applicable as Transaction Neither International nor Specified Domestic Transaction: ITAT deletes Addition against Jetair [Read Order]")
Relief to Hitachi: ITAT Deletes Addition as Activity related to Offshore Portion of Contract not Attributable to PE's in India [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has granted relief to Hitachi by deleting the addition holding that the activity related to the offshore portion of the contract was not...
![Relief to Hitachi: ITAT Deletes Addition as Activity related to Offshore Portion of Contract not Attributable to PEs in India [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Relief-to-Hitachi-ITAT-Deletes-Addition-Offshore-Portion-of-Contract-PEs-in-India-Hitachi-ITAT-taxscan.jpg "Relief to Hitachi: ITAT Deletes Addition as Activity related to Offshore Portion of Contract not Attributable to PEs in India [Read Order]")
Foreign Tax Credit cannot be Denied for Technicality of not Filing Form 67 within Due Date of Return u/s 139(1) of Income Tax Act: ITAT [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal (ITAT) has held that the foreign tax credit could not be denied for technicality of not filing form 67 within the due date of return under Section...
![Foreign Tax Credit cannot be Denied for Technicality of not Filing Form 67 within Due Date of Return u/s 139(1) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Foreign-Tax-Credit-Foreign-Tax-Tax-Credit-Filing-Form-67-within-Due-Date-of-Return-Filing-Form-67-Due-Date-of-Return-Due-Date-Income-Tax-Act-Income-Tax-ITAT-Taxscan.jpg "Foreign Tax Credit cannot be Denied for Technicality of not Filing Form 67 within Due Date of Return u/s 139(1) of Income Tax Act: ITAT [Read Order]")
Quantum of Disallowance made by AO Excessive and unreasonably High: ITAT Reduces Disallowance [Read Order]
The Lucknow Bench of Income Tax Appellate Tribunal (ITAT) has reduced the disallowance as the quantum of disallowance made by the Assessing Officer (AO) was excessive and unreasonably high. In...
![Quantum of Disallowance made by AO Excessive and unreasonably High: ITAT Reduces Disallowance [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Quantum-Quantum-of-Disallowance-Disallowance-AO-taxscan.jpg "Quantum of Disallowance made by AO Excessive and unreasonably High: ITAT Reduces Disallowance [Read Order]")
ITAT Quashes TPO order Passed u/s 92CA(3) of Income Tax Act against Frost & Sullivan on the Ground of Limitation [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has quashed the order passed by Transfer Pricing Officer (TPO) under Section 92CA(3) of the Income Tax Act against Frost and Sullivan on the...
![ITAT Quashes TPO order Passed u/s 92CA(3) of Income Tax Act against Frost & Sullivan on the Ground of Limitation [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/ITAT-Quashes-TPO-Passed-Income-Tax-Act-Frost-Sullivan-Ground-of-Limitation-taxscan.jpg "ITAT Quashes TPO order Passed u/s 92CA(3) of Income Tax Act against Frost & Sullivan on the Ground of Limitation [Read Order]")
Debts Claim Allowable Only if Nexus with Carrying on of Business or Trade is Established: ITAT Directs CIT(A) Re-adjudication [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has directed Commissioner of Income Tax Appeals (CIT(A)) re-adjudication holding that the debts claimed would be allowable only if nexus with...
![Debts Claim Allowable Only if Nexus with Carrying on of Business or Trade is Established: ITAT Directs CIT(A) Re-adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Debts-Claim-Allowable-Debts-Claim-Claim-Debts-Nexus-Carrying-on-of-Business-or-Trade-is-Established-Business-Trade-ITAT-Directs-CITA-Re-adjudication-ITAT-CITA-Re-adjudication-Taxscan.jpg "Debts Claim Allowable Only if Nexus with Carrying on of Business or Trade is Established: ITAT Directs CIT(A) Re-adjudication [Read Order]")
Indexation Benefit against Cost of Acquisition shall be Available based on the Index of the Year in which Payments Actually Made: ITAT [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has held that the indexation benefit against cost of acquisition should be available based on the index of the year in which payments actually...
![Indexation Benefit against Cost of Acquisition shall be Available based on the Index of the Year in which Payments Actually Made: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Indexation-Benefit-Cost-Acquisition-Index-Year-Payments-ITAT-TAXSCAN.jpg "Indexation Benefit against Cost of Acquisition shall be Available based on the Index of the Year in which Payments Actually Made: ITAT [Read Order]")