Fathima Karama A.M
![Rice is “Agricultural Produce”: ITAT deletes Disallowance in respect of Cash Payment to Suppliers as per Existing Rice Trading Practice [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Rice-Agricultural-Produce-Cash-Payment-Suppliers-ITAT-Cash-Payment-to-Suppliers-Rice-Trading-Practice-taxscan.jpg "Rice is “Agricultural Produce”: ITAT deletes Disallowance in respect of Cash Payment to Suppliers as per Existing Rice Trading Practice [Read Order]")
Rice is “Agricultural Produce”: ITAT deletes Disallowance in respect of Cash Payment to Suppliers as per Existing Rice Trading Practice [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal (ITAT) has deleted the disallowance in respect of cash payment to suppliers as per rice trading...
![IT Support Services rendered by CPP UK from UK to Entire Group Including CPP India Not Taxable as FTS: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/IT-Support-Services-CPP-UK-Entire-Group-CPP-India-FTS-ITAT-Income-Tax-CPP-UK-from-UK-Support-Services-taxscan-.jpg "IT Support Services rendered by CPP UK from UK to Entire Group Including CPP India Not Taxable as FTS: ITAT [Read Order]")
![Expenses Incurred as Payment to Parent Company that Issued Shares to Employees of Assessee Allowable as Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Expenses-Payment-Parent-Company-Shares-Shares-to-Employees-Assessee-Deduction-ITAT-Income-Tax-taxscan-.jpg "Expenses Incurred as Payment to Parent Company that Issued Shares to Employees of Assessee Allowable as Deduction: ITAT [Read Order]")
![Gifts to Business Associates and Executives are “Business Promotion Expenses”, Deductible u/s 37 of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Gifts-Business-Associates-Business-Income-Tax-Act-Income-Tax-Tax-ITAT-taxscan-1.jpg "Gifts to Business Associates and Executives are “Business Promotion Expenses”, Deductible u/s 37 of Income Tax Act: ITAT [Read Order]")
![No GST payable under RCM on Procurement of Renting of Immovable Property Services from SEZs: AAAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/GST-RCM-Renting-Immovable-Property-SEZs-AAA-TAXSCAN.jpg "No GST payable under RCM on Procurement of Renting of Immovable Property Services from SEZs: AAAR [Read Order]")
![Addition has No Connection with Escaped Income: ITAT deletes Re-Assessment [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Escaped-Income-Income-ITAT-Re-Assessment-Income-Tax-Tax-taxscan.jpg "Addition has No Connection with Escaped Income: ITAT deletes Re-Assessment [Read Order]")
Allowing S. 54B Deduction without Verification of Claim amounts to “Erroneous Assessment”: ITAT upholds Revision Order [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) in a recent ruling has upheld the revision order observing that allowing deduction under section 54B without verification of...
![Allowing S. 54B Deduction without Verification of Claim amounts to “Erroneous Assessment”: ITAT upholds Revision Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Deduction-Verification-Claim-Erroneous-Assessment-ITAT-Revision-Order-TAXSCAN.jpg "Allowing S. 54B Deduction without Verification of Claim amounts to “Erroneous Assessment”: ITAT upholds Revision Order [Read Order]")
Credit Not Allowable on TDS Deducted on Receipt of Amount of Advance If Corresponding Income was Not Offered to Tax: ITAT [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) has held that the credit will not be allowable on Tax Deduction at Source (TDS) deducted on receipt of amount of advance if the...
![Credit Not Allowable on TDS Deducted on Receipt of Amount of Advance If Corresponding Income was Not Offered to Tax: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/TDS-Credit-TDS-TDS-Deducted-Receipt-of-Amount-of-Advance-Amount-of-Advance-Income-Tax-Income-Tax-ITAT-taxscan.jpg "Credit Not Allowable on TDS Deducted on Receipt of Amount of Advance If Corresponding Income was Not Offered to Tax: ITAT [Read Order]")
ITAT directs to Allow Capital Gain Exemption Considering Date of Acquisition of Property as per Allotment Letter [Read Order]
A single Bench of Mumbai Income Tax Appellate Tribunal (ITAT), in a recent ruling has directed to allow capital gain exemption considering the date of acquisition of property as per the allotment...
![ITAT directs to Allow Capital Gain Exemption Considering Date of Acquisition of Property as per Allotment Letter [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/ITAT-Capital-Gain-Exemption-Acquisition-Property-Allotment-Letter-TAXSCAN.jpg "ITAT directs to Allow Capital Gain Exemption Considering Date of Acquisition of Property as per Allotment Letter [Read Order]")
![Credit of Dutch Tax Paid Allowable u/s 90 of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Dutch-Tax-Tax-Credit-Income-Tax-Act-Income-Tax-taxscan.jpg "Credit of Dutch Tax Paid Allowable u/s 90 of Income Tax Act: ITAT [Read Order]")
![Taxing Statute shall be Strictly Interpreted: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Taxing-Statute-Tax-CESTAT-Customs-Excise-Service-Tax-taxscan.jpg "Taxing Statute shall be Strictly Interpreted: CESTAT [Read Order]")
Special Audit u/s 142(2A) of Income Tax Act 1961 can be conducted by Relying on Earlier Notice or A Fresh Notice: Supreme Court [Read Order]
The Division Bench of the Supreme Court comprising Justice Sanjiv Khanna and Justice M.M.Sundresh has held that the special audit under Section 142(2A) of the Income Tax Act 1961 could be conducted...
![Special Audit u/s 142(2A) of Income Tax Act 1961 can be conducted by Relying on Earlier Notice or A Fresh Notice: Supreme Court [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Special-Audit-Income-Tax-Notice-Fresh-Notice-Supreme-Court-TAXSCAN.jpg "Special Audit u/s 142(2A) of Income Tax Act 1961 can be conducted by Relying on Earlier Notice or A Fresh Notice: Supreme Court [Read Order]")