Fathima Karama A.M
Once Penalty Levied for Non-Maintenance of Book of Accounts, no further default for not getting Audited u/s 44AB: ITAT deletes Penalty u/s 271B
The Jaipur Bench of Income Tax Appellate Tribunal (ITAT) has deleted penalty under Section under Section 271 of the Income Tax Act 1961 holding that...
![Interest Awarded under Land Acquisition Act is not Taxable: ITAT quashes Revision Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Interest-Awarded-Land-Acquisition-Act-Taxable-ITAT-revision-order-TAXSCAN.jpg "Interest Awarded under Land Acquisition Act is not Taxable: ITAT quashes Revision Order [Read Order]")
![Payment of Interest made Towards “compromise agreement” pursuant to Court order Allowable u/s 37: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Payment-of-Interest-compromise-agreement-ITAT-TAXSCAN.jpg "Payment of Interest made Towards “compromise agreement” pursuant to Court order Allowable u/s 37: ITAT [Read Order]")
![Purchase made out of Advance of Agricultural Property Sale Deductible u/s 54B: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Purchase-Agricultural-Property-Sale-Agricultural-Property-Agricultural-Property-Sale-Deductible-ITAT-Income-Tax-taxscan.jpg "Purchase made out of Advance of Agricultural Property Sale Deductible u/s 54B: ITAT [Read Order]")
No Exemption Claimed in the Preceding Year on the Purchase of Fixed Assets: ITAT deletes addition made u/s 143(1) [Read Order]
The Bangalore Bench of Income Tax Appellate Tribunal (ITAT) has deleted the addition made under section 143(1) of the Income Tax Act 1961 as no exemption was claimed in the preceding year on the...
![No Exemption Claimed in the Preceding Year on the Purchase of Fixed Assets: ITAT deletes addition made u/s 143(1) [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Exemption-No-Exemption-Preceding-Year-Purchase-of-Fixed-Assets-Fixed-Assets-ITAT-addition-Income-Tax-taxscan.jpg "No Exemption Claimed in the Preceding Year on the Purchase of Fixed Assets: ITAT deletes addition made u/s 143(1) [Read Order]")
ITAT upholds Disallowance only with respect to Godown Leased to Banas Dairy for “Non-Agricultural” Purposes [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) has upheld the disallowance only with respect to the godown which was leased to Banas Diary for non-agricultural purposes. The assessee...
![ITAT upholds Disallowance only with respect to Godown Leased to Banas Dairy for “Non-Agricultural” Purposes [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/ITAT-Disallowance-Godown-Banas-Dairy-Non-Agricultural-Purposes-Taxscan.jpg "ITAT upholds Disallowance only with respect to Godown Leased to Banas Dairy for “Non-Agricultural” Purposes [Read Order]")
GST not Applicable on Subsidised Deduction made from Employees Availing Food in the Factory: AAR [Read Order]
The Gujarat Authority for Advance Ruling ( AAR ) has held that Goods and Service Tax (GST) would not be applicable on subsidised deductions made from employees availing food in the factory. The...
![GST not Applicable on Subsidised Deduction made from Employees Availing Food in the Factory: AAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/GST-Subsidised-Deduction-Deduction-Employees-Factory-AAR-Taxscan.jpg "GST not Applicable on Subsidised Deduction made from Employees Availing Food in the Factory: AAR [Read Order]")
![No GST on Amount of Portion of Canteen Charges Recovered from Employees: AAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/GST-Amount-Canteen-Charges-Employees-AAR-Taxscan.jpg "No GST on Amount of Portion of Canteen Charges Recovered from Employees: AAR [Read Order]")
