Fathima Karama A.M
Addition on Presumptive Income without Considering Loss in Trading in Equity and Commodities: Delhi HC directs Denovo Examination [Read Order]
The Delhi Bench of High Court has directed denovo examination as addition was made on presumptive income without considering the loss in trading in...
![Relief to Cleartrip: Proviso to S.68 not applicable to Non-resident Investors, rules ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Relief-Cleartrip-Proviso-Non-resident-Investors-rules-ITAT-taxscan.jpg "Relief to Cleartrip: Proviso to S.68 not applicable to Non-resident Investors, rules ITAT [Read Order]")
![Relief to Vodafone, CESTAT rules Unutilized CENVAT credit does not Incur Interest Liability [Read Order]Â](https://www.taxscan.in/wp-content/uploads/2023/10/Relief-to-Vodafone-Vodafone-Relief-CENVAT-credit-Unutilized-CENVAT-credit-CESTAT-rules-Unutilized-CENVAT-credit-taxscan.jpg "Relief to Vodafone, CESTAT rules Unutilized CENVAT credit does not Incur Interest Liability [Read Order]Â")
![CESTAT confirms Valuation of Adjudicating Authority in Finalisation of Provisional Assessment using CAS-4 principle, Sets aside Re-adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/CESTAT-Valuation-Adjudicating-Authority-Finalisation-Provisional-Assessment-CAS-4-principle-Re-adjudication-taxscan.jpg "CESTAT confirms Valuation of Adjudicating Authority in Finalisation of Provisional Assessment using CAS-4 principle, Sets aside Re-adjudication [Read Order]")
![No Tax on Interest Accrued on FD subjected to CBI’s Prohibitory Order: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/No-Tax-Interest-Accrued-FD-subjected-CBIs-Prohibitory-Order-ITAT-taxscan.jpg "No Tax on Interest Accrued on FD subjected to CBI’s Prohibitory Order: ITAT [Read Order]")
Director being not Beneficiary cannot be Assignee under Keyman Insurance Policy:Â ITAT allows Deduction u/s 57 of Income Tax Act [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has allowed the deduction under Section 57 of the Income Tax Act 1961 as the director being not beneficiary could not be the assignee under...
![Director being not Beneficiary cannot be Assignee under Keyman Insurance Policy:Â ITAT allows Deduction u/s 57 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Director-Beneficiary-Assignee-Keyman-Insurance-Policy-ITAT-Deduction-Income-Tax-Act.jpg "Director being not Beneficiary cannot be Assignee under Keyman Insurance Policy:Â ITAT allows Deduction u/s 57 of Income Tax Act [Read Order]")
Charitable Institution liable for Tax Audit u/s 44AB for Activities prior to Registration u/s 2(15) of Income Tax Act: ITAT upholds Penalty u/s 271B [Read Order]
The Raipur Bench of Income Tax Appellate Tribunal (ITAT) has upheld the penalty under Section 271B of the Income Tax Act holding that the charitable institution would be liable for tax audit under...
![Charitable Institution liable for Tax Audit u/s 44AB for Activities prior to Registration u/s 2(15) of Income Tax Act: ITAT upholds Penalty u/s 271B [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Charitable-Institution-liable-Tax-Audit-Activities-prior-Registration-Income-Tax-Act-ITAT-upholds-Penalty-taxscan.jpg "Charitable Institution liable for Tax Audit u/s 44AB for Activities prior to Registration u/s 2(15) of Income Tax Act: ITAT upholds Penalty u/s 271B [Read Order]")
Contribution made Towards fund is Business Expenditure, Allowable u/s 37(1) of Income Tax Act even if fund was Unapproved by Income Tax Department: ITAT Allows Gratuity Premium Towards LIC [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) has allowed the gratuity premium paid towards the Life Insurance Corporation (LIC) holding that the contribution made towards fund is...
![Contribution made Towards fund is Business Expenditure, Allowable u/s 37(1) of Income Tax Act even if fund was Unapproved by Income Tax Department: ITAT Allows Gratuity Premium Towards LIC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Contribution-Towards-fund-Business-Expenditure-Allowable-Income-Tax-Act-Unapproved-Income-Tax-Department-ITAT-Allows-Gratuity-Premium-Towards-LIC-taxscan.jpg "Contribution made Towards fund is Business Expenditure, Allowable u/s 37(1) of Income Tax Act even if fund was Unapproved by Income Tax Department: ITAT Allows Gratuity Premium Towards LIC [Read Order]")
Notices for Fixing Date of Hearing sent on Incorrect Email Address: ITAT Directs Re-adjudication [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has directed re-adjudication as the notices for fixing date of hearing sent on incorrect email address. The impugned assessment order had...
![Notices for Fixing Date of Hearing sent on Incorrect Email Address: ITAT Directs Re-adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Notices-for-Fixing-Date-of-Hearing-sent-on-Incorrect-Email-Address-ITAT-Directs-Re-adjudication-TAXSCAN.jpg "Notices for Fixing Date of Hearing sent on Incorrect Email Address: ITAT Directs Re-adjudication [Read Order]")
![ITAT allows Cleartrip’s Claim towards Advertisement and Sales Promotion Expenditure [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/ITAT-allows-Cleartrips-Claim-towards-Advertisement-and-Sales-Promotion-Expenditure-TAXSCAN.jpg "ITAT allows Cleartrip’s Claim towards Advertisement and Sales Promotion Expenditure [Read Order]")