Fathima Karama A.M
Adherence of e-commerce to Changes in GST Laws
The Indian e-commerce market has had a spectacular rise, which has been propelled by a number of causes including rising internet usage, an influx of...
![Production of Bank accounts extract Evidencing Payment of Purchase of Jewellery: ITAT Deletes Addition u/s 69B of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Production-Bank-accounts-extract-Evidencing-Payment-of-Purchase-Jewellery-ITAT-Deletes-Addition-Income-Tax-Act-taxscan-1.jpg "Production of Bank accounts extract Evidencing Payment of Purchase of Jewellery: ITAT Deletes Addition u/s 69B of Income Tax Act [Read Order]")
![Amounts invested by the Co-operative Societies as per Karnataka Co-operative Societies Act entitled to Deduction u/s 80P(2)(a)(i) of Income Tax Act: ITAT Re-Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Amounts-invested-Co-operative-Societies-Karnataka-Co-operative-Societies-Act-Income-Tax-Act-ITAT-Re-Adjudication-taxscan.jpg "Amounts invested by the Co-operative Societies as per Karnataka Co-operative Societies Act entitled to Deduction u/s 80P(2)(a)(i) of Income Tax Act: ITAT Re-Adjudication [Read Order]")
![ITAT deletes Penalty u/s 271B of Income Tax Act as Turnover was below 2 Crores as Prescribed u/s 44AD [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/ITAT-deletes-Penalty-Income-Tax-Act-as-Turnover-was-below-2-Crores-as-Prescribed-TAXSCAN.jpg "ITAT deletes Penalty u/s 271B of Income Tax Act as Turnover was below 2 Crores as Prescribed u/s 44AD [Read Order]")
![Every loss of Revenue as a Consequence of Order of AO cannot be Treated as Prejudicial to Interests of Revenue: ITAT Quashes Revision order u/s 263 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Every-loss-of-Revenue-as-a-Consequence-of-Order-of-AO-Treated-as-Prejudicial-to-Interests-of-Revenue-ITAT-Quashes-Revision-order-TAXSCAN.jpg "Every loss of Revenue as a Consequence of Order of AO cannot be Treated as Prejudicial to Interests of Revenue: ITAT Quashes Revision order u/s 263 of Income Tax Act [Read Order]")
Maintenance Charges received from Corporate Members are Governed by Principle of Mutuality Exempted from Tax: ITAT [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has held that the maintenance charges received from corporate members are governed by principle of mutuality and are exempted from tax. The...
![Maintenance Charges received from Corporate Members are Governed by Principle of Mutuality Exempted from Tax: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Maintenance-Charges-corporate-members-Governed-Principle-of-Mutuality-Exempted-Tax-ITAT-taxscan.jpg "Maintenance Charges received from Corporate Members are Governed by Principle of Mutuality Exempted from Tax: ITAT [Read Order]")
Failure to Furnish Purchaser Company Confirmation and Documentary Evidence on Conveyance Deed: ITAT upholds Addition on Capital Gain on Slump Sale of Sugar Unit [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has upheld the addition of capital gain on slump sale of sugar unit on failure to furnish purchaser company confirmation and documentary...
![Failure to Furnish Purchaser Company Confirmation and Documentary Evidence on Conveyance Deed: ITAT upholds Addition on Capital Gain on Slump Sale of Sugar Unit [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Failure-to-Furnish-Purchaser-Company-Confirmation-and-Documentary-Evidence-on-Conveyance-Deed-ITAT-upholds-Addition-on-Capital-Gain-on-Slump-Sale-of-Sugar-Unit-TAXSCAN-.jpg "Failure to Furnish Purchaser Company Confirmation and Documentary Evidence on Conveyance Deed: ITAT upholds Addition on Capital Gain on Slump Sale of Sugar Unit [Read Order]")
Rectified Partnership Deed cannot be Invalid when Stamp Paper was issued on Prior Date: ITAT directs AO Verification of Rectified Deed [Read Order]
The Allahabad Bench of Income Tax Appellate Tribunal (ITAT) has directed the Assessing Officer (AO) verification of rectified deed holding that the rectified partnership deed could not be invalid...
![Rectified Partnership Deed cannot be Invalid when Stamp Paper was issued on Prior Date: ITAT directs AO Verification of Rectified Deed [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Rectified-Partnership-Deed-Invalid-when-Stamp-Paper-was-issued-on-Prior-Date-ITAT-directs-AO-Verification-of-Rectified-Deed-TAXSCAN.jpg "Rectified Partnership Deed cannot be Invalid when Stamp Paper was issued on Prior Date: ITAT directs AO Verification of Rectified Deed [Read Order]")
No Rejection of Refund Claim of Cenvat Credit of Service Tax which Already Accepted by Revenue: CESTAT Directs Re-adjudication
The Chandigarh Bench of Customs, Excise and Service Tax Appellate Tribunal has directed re-adjudication holding that refund of Cenvat credit of service tax which is already accepted by the revenue...
RPM is the most Appropriate Method in International Transactions of Celio Future Fashion pertaining to Import of Men’s Wear for Resale: ITAT directs De novo Benchmarking [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has directed denovo benchmarking holding that the Resale Price Method (RPM) is the most appropriate method in international transactions of...
![RPM is the most Appropriate Method in International Transactions of Celio Future Fashion pertaining to Import of Men’s Wear for Resale: ITAT directs De novo Benchmarking [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/RPM-most-Appropriate-Method-International-Transactions-Celio-Future-Fashion-pertaining-Import-of-Mens-Wear-Resale-ITAT-Directs-De-novo-Benchmarking-taxscan.jpg "RPM is the most Appropriate Method in International Transactions of Celio Future Fashion pertaining to Import of Men’s Wear for Resale: ITAT directs De novo Benchmarking [Read Order]")
ITAT directs Verification of Source Explained through Settlement before Settlement Commission for Addition u/s 69 of Income Tax Act [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has directed for verification of sources explained through the settlement before the settlement commission for addition under Section 69 of...
![ITAT directs Verification of Source Explained through Settlement before Settlement Commission for Addition u/s 69 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/ITAT-directs-Verification-Source-Explained-Settlement-Settlement-Commission-Income-Tax-Act-taxscan-1.jpg "ITAT directs Verification of Source Explained through Settlement before Settlement Commission for Addition u/s 69 of Income Tax Act [Read Order]")