Killamsetty Rasmita
CESTAT Weekely Round-up
This weekly round-up analytically summarises the key stories of the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) reported at taxscan....
![Assessment Order passed in Violation of Natural Justice Principle: ITAT remands Matter to CIT(A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Assessment-Order-Violation-Natural-ITAT-TAXSCAN.jpg "Assessment Order passed in Violation of Natural Justice Principle: ITAT remands Matter to CIT(A) [Read Order]")
![Failure to Collect TCS on Sale of Metal Scrap before Limitation Period: ITAT Quashes AOs order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Collect-TCS-on-Sale-of-Metal-Scrap-TCS-Sale-of-Metal-Scrap-Metal-Scrap-Limitation-Period-ITAT-AOs-order-ITAT-Quashes-AOs-order-taxscan.jpg "Failure to Collect TCS on Sale of Metal Scrap before Limitation Period: ITAT Quashes AOs order [Read Order]")
![DCF Method of Valuation is Valid for Start-Up Companies u/s 145(3) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/DCF-Method-of-Valuation-DCF-Method-DCF-Method-of-Valuation-is-Valid-for-Start-Up-Companies-Start-Up-Companies-Income-Tax-Act-ITAT-Taxscan.jpg "DCF Method of Valuation is Valid for Start-Up Companies u/s 145(3) of Income Tax Act: ITAT [Read Order]")
![Assessee Liable to Pay Late Filing Fee for Delay in Filing TDS Statement: ITAT Dismisses Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Assessee-Liable-Pay-Late-Filing-Fee-Delay-Filing-TDS-ITAT-Dismisses-Appeal-TAXSCAN.jpg "Assessee Liable to Pay Late Filing Fee for Delay in Filing TDS Statement: ITAT Dismisses Appeal [Read Order]")
TDS Mismatch in 26AS and Profit & Loss Account: ITAT Orders Reassessment on Lack of Substantiating Evidence
The Income Tax Appellate Tribunal of Kolkata Bench has issued a directive for the reassessment of a case where there was a discrepancy between the Tax Deducted at Source (TDS) reported in Form 26AS...
AO Fails to Follow Procedures to Proceed Reassessment Proceedings under Income Tax Act; issued notices to different PAN Number: ITAT quashes notice u/s 148 [Read Order]
The Kolkata Bench of the Income Tax Appellate Tribunal (ITAT) has quashed the notice issued under Section 148 of the Income Tax Act, 1961 (the Act), by the Assessing Officer (AO) for failing to...
![AO Fails to Follow Procedures to Proceed Reassessment Proceedings under Income Tax Act; issued notices to different PAN Number: ITAT quashes notice u/s 148 [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/AO-Fails-to-Follow-Procedures-to-Proceed-Reassessment-Proceedings-Proceed-Reassessment-Proceedings-Income-Tax-Act-notices-to-different-PAN-number-PAN-number-ITAT-quashes-notice-taxscan.jpg "AO Fails to Follow Procedures to Proceed Reassessment Proceedings under Income Tax Act; issued notices to different PAN Number: ITAT quashes notice u/s 148 [Read Order]")
Non-Response on Notice Issued By NFAC due to Lack of Familiarity with ITBA Portal: ITAT directs Readjudication [Read Order]
The Bangalore Bench of the Income Tax Appellate Tribunal (ITAT) has directed the National Faceless Appeal Centre (NFAC) to re-adjudicate the case of a taxpayer who did not respond to notices issued...
![Non-Response on Notice Issued By NFAC due to Lack of Familiarity with ITBA Portal: ITAT directs Readjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Non-Response-on-Notice-I-NFAC-Lack-of-Familiarity-with-ITBA-Portal-ITAT-directs-Readjudication-Notice-Issued-By-NFAC-taxscan.jpg "Non-Response on Notice Issued By NFAC due to Lack of Familiarity with ITBA Portal: ITAT directs Readjudication [Read Order]")
Relief to Tripoto: ITAT directs Re-Adjudication on Income Tax Deduction Claim for Late Deposit of Employees' Contributions to PF/ESI [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has allowed the appeal of Tripoto.com Pvt. Ltd. and directed the Assessing Officer (AO) to re-adjudicate the claim of deduction for the...
![Relief to Tripoto: ITAT directs Re-Adjudication on Income Tax Deduction Claim for Late Deposit of Employees Contributions to PF/ESI [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Relief-to-Tripoto-Tripoto-ITAT-directs-Re-Adjudication-on-Income-Tax-Deduction-Claim-ITAT-Re-Adjudication-Income-Tax-Deduction-Claim-Income-Tax-Deduction-Taxscan.jpg "Relief to Tripoto: ITAT directs Re-Adjudication on Income Tax Deduction Claim for Late Deposit of Employees Contributions to PF/ESI [Read Order]")
Revisionary Powers u/s 263 of Income Tax Act not prevails if AO Conducts Inquiry and Verification during Assessment: ITAT quashes Revision Order [Read Order]
The Pune Bench of Income Tax Appellate Tribunal has quashed the revisionary order passed by the Principal Commissioner of Income Tax (PCIT) under Section 263 of the Income Tax Act, 1961. The ITAT...
![Revisionary Powers u/s 263 of Income Tax Act not prevails if AO Conducts Inquiry and Verification during Assessment: ITAT quashes Revision Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Revisionary-Powers-Income-Tax-Act-not-prevails-if-AO-Conducts-Inquiry-and-Verification-during-Assessment-ITAT-quashes-Revision-Order-TAXSCAN.jpg "Revisionary Powers u/s 263 of Income Tax Act not prevails if AO Conducts Inquiry and Verification during Assessment: ITAT quashes Revision Order [Read Order]")
Services by Kerala Govt by way of Transfer of right to Extract sand and mud from Reservoir attracts 18% GST on RCM basis: AAR [Read Order]
The Kerala Authority of Advance Ruling held that the services in transferring the right to collect sand and mud from reservoirs by the irrigation department under Kerala Government are liable to an...
![Services by Kerala Govt by way of Transfer of right to Extract sand and mud from Reservoir attracts 18% GST on RCM basis: AAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Services-Kerala-Govt-Transfer-Extract-sand-mud-Reservoir-attracts-GST-RCM-AAR-TAXSCAN.jpg "Services by Kerala Govt by way of Transfer of right to Extract sand and mud from Reservoir attracts 18% GST on RCM basis: AAR [Read Order]")