Ipsita Das

Revisional Proceeding u/s 263 of Income Tax Act cannot be initiated in the event of ‘Absence of Inquiry or Verification’: ITAT [Read Order]

Failure of assessee to explain allowability of freight expenditure and labour charges payable, claimed in closing stock: ITAT dismisses appeal [Read Order]

Absence of ‘make available’ clause, services rendered not FTS under India-Netherland DTAA: ITAT grants Relief to Shell Global Solutions Intl [Read Order]

Income Tax Addition on Amount already Surrendered by Partnership Firm in Settlement Application accepted by Settlement Commission: ITAT Dismisses Appeal [Read Order]

CESTAT Weekly Round-Up

Addition u/s 68 of Income Tax Act can be made for Cash Credits Received by Assessee in its Account during the year Relevant to AY: ITAT [Read Order]