Fathima Karama A.M
![Stamp Value Less than Agreement Value: ITAT Deletes Addition u/s 56(2)(vii)(b) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Stampvalue-agreement-value-ITAT-Deletes-Addition-ITAT-TAXSCAN.jpg "Stamp Value Less than Agreement Value: ITAT Deletes Addition u/s 56(2)(vii)(b) of Income Tax Act [Read Order]")
Stamp Value Less than Agreement Value: ITAT Deletes Addition u/s 56(2)(vii)(b) of Income Tax Act [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has deleted the additions made under Section 56(2)(vii)(b) of the Income Tax Act 1961...
![ESOP Expenses can be Claimed in the Year of Vesting: ITAT Allows Deduction [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/ESOP-expense-vesting-ITAT-Deduction-claim-taxscan.jpg "ESOP Expenses can be Claimed in the Year of Vesting: ITAT Allows Deduction [Read Order]")
![Failure to Substantiate Expenditure Incurred Exclusively for Business: ITAT Disallows Education Expenditure u/s 37(1) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Substantiate-Expenditure-Incurred-Exclusively-for-Business-Business-ITAT-Disallows-Education-Expenditure-Substantiate-Expenditure-Income-Tax-Act-Income-Tax-taxscan.jpg "Failure to Substantiate Expenditure Incurred Exclusively for Business: ITAT Disallows Education Expenditure u/s 37(1) of Income Tax Act [Read Order]")
![Income Portion of On-Money Assessable in the Year in Which Sale of Flat is Declared: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Income-Portion-of-On-Money-Income-Portion-of-On-Money-Sale-of-Flat-Sale-of-Flat-is-Declared-ITAT-Income-Tax-taxscan.jpg "Income Portion of On-Money Assessable in the Year in Which Sale of Flat is Declared: ITAT [Read Order]")
![Meal Passes and Group Insurance Services are Admissible Input Services: CESTAT Allows Credit [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Meal-Passes-and-Group-Insurance-Services-are-Admissible-Input-Services-CESTAT-Allows-Credit-TAXSCAN.jpg "Meal Passes and Group Insurance Services are Admissible Input Services: CESTAT Allows Credit [Read Order]")
![No Addition Based on Evidence not Confronted to Assessee: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/addition-evidence-ITAT-confront-assessee-taxscan.jpg "No Addition Based on Evidence not Confronted to Assessee: ITAT [Read Order]")
Assessee should get Reasonable Opportunity before Making Addition u/s 40A (7) before Processing Rectification Application: ITAT [Read Order]
The Amritsar Bench of Income Tax Appellate Tribunal (ITAT) has held that the assessee should be given reasonable opportunity before making addition under Section 40A (7) of the Income Tax Act, 1961...
![Assessee should get Reasonable Opportunity before Making Addition u/s 40A (7) before Processing Rectification Application: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Assessee-get-Reasonable-Opportunity-before-Making-Addition-Processing-Rectification-Application-ITAT-TAXSCAN.jpg "Assessee should get Reasonable Opportunity before Making Addition u/s 40A (7) before Processing Rectification Application: ITAT [Read Order]")
No TDS on Cost paid to Holding Company on Reimbursement of Mobilisation and Demobilisation: ITAT [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has held that Tax Deducted at Source (TDS) would not be applicable on cost paid to holding companies on reimbursement of mobilisation and...
![No TDS on Cost paid to Holding Company on Reimbursement of Mobilisation and Demobilisation: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/No-TDS-on-Cost-paid-Holding-Company-on-Reimbursement-Mobilisation-and-Demobilisation-ITAT-TAXSCAN.jpg "No TDS on Cost paid to Holding Company on Reimbursement of Mobilisation and Demobilisation: ITAT [Read Order]")
Failure to Provide Details of Payee: ITAT Restricts Disallowance of Expenses to 30% u/s 40(a)(ia) [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) has restricted the disallowance of expenses to 30% under Section 40(a)(ia) of the Income Tax Act 1961 as the assessee failed to provide...
![Failure to Provide Details of Payee: ITAT Restricts Disallowance of Expenses to 30% u/s 40(a)(ia) [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Failure-to-Provide-Details-Payee-ITAT-Restricts-Disallowance-Expenses-ITAT-TAXSCAN.jpg "Failure to Provide Details of Payee: ITAT Restricts Disallowance of Expenses to 30% u/s 40(a)(ia) [Read Order]")
Belated Filing of TDS Return Contemplated into Levy of fee u/s 234E of Income Tax Act is not Apparent Mistake and not Subject Matter u/s 154: ITAT [Read Order]
The Amritsar Bench of Income Tax Appellate Tribunal (ITAT) has held that belated filing of Tax Deduction at Source return contemplated non levy of fee under Section 234E of the Income Tax Act was not...
![Belated Filing of TDS Return Contemplated into Levy of fee u/s 234E of Income Tax Act is not Apparent Mistake and not Subject Matter u/s 154: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Belated-Filing-of-TDS-Return-Contemplated-Income-Tax-Act-Mistake-and-not-Subject-Matter-ITAT-TAXSCAN.jpg "Belated Filing of TDS Return Contemplated into Levy of fee u/s 234E of Income Tax Act is not Apparent Mistake and not Subject Matter u/s 154: ITAT [Read Order]")
Head Wise Bifurcation not Required for Computation of Insurance Company Income: ITAT Deletes Disallowance u/s 14A of Income Tax Act Against Oriental Insurance [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has deleted the disallowance under Section 14A of the Income Tax Act 1961 against oriental insurance company holding that head wise bifurcation...
![Head Wise Bifurcation not Required for Computation of Insurance Company Income: ITAT Deletes Disallowance u/s 14A of Income Tax Act Against Oriental Insurance [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Head-wise-Bifurcation-Insurance-Company-Income-ITA-disallowance-Oriental-Insurance-ITAT-TAXSCAN.jpg "Head Wise Bifurcation not Required for Computation of Insurance Company Income: ITAT Deletes Disallowance u/s 14A of Income Tax Act Against Oriental Insurance [Read Order]")
Cash Seized can be Adjusted Against Self-Assessment Tax Payable u/s 132B of Income Tax Act: ITAT [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has held that the cash seized could be adjusted against self-assessment tax payable under Section 132B of the Income Tax Act, 1961. The...
![Cash Seized can be Adjusted Against Self-Assessment Tax Payable u/s 132B of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Cash-Seized-Income-Tax-Self-Assessment-Tax-Income-Tax-Act-ITAT-taxscan.jpg "Cash Seized can be Adjusted Against Self-Assessment Tax Payable u/s 132B of Income Tax Act: ITAT [Read Order]")