Namaskar Acharya
![Transfer Pricing addition is to be restricted to International Transaction not Entity Level Transactions: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Transfer-Pricing-addition-International-Transaction-not-Entity-Level-Transactions-Transfer-Pricing-International-Transaction-ITAT-taxscan.jpg "Transfer Pricing addition is to be restricted to International Transaction not Entity Level Transactions: ITAT [Read Order]")
Transfer Pricing addition is to be restricted to International Transaction not Entity Level Transactions: ITAT [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) held that Transfer pricing adjustment is to be restricted to international...
![AO passes Assessment Order without the Mandatory Requirements u/s 144C (1) of Income Tax Act: ITAT quashes Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/AO-assessment-order-mandatory-requirements-Income-Tax-Act-ITAT-TAXSCAN.jpg "AO passes Assessment Order without the Mandatory Requirements u/s 144C (1) of Income Tax Act: ITAT quashes Order [Read Order]")
![Interest Amount incurred towards Project Expenses cannot be Deducted from Project Expenses: ITAT upholds order of CIT(A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Interest-Interest-Amount-Amount-Interest-Amount-incurred-towards-Project-Expenses-taxscan.jpg "Interest Amount incurred towards Project Expenses cannot be Deducted from Project Expenses: ITAT upholds order of CIT(A) [Read Order]")
![NRI Eligible for DTAA Benefit Towards Salary Earned in Morocco: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/NRI-NRI-Eligible-for-DTAA-Benefit-Towards-Salary-Earned-in-Morocco-DTAA-DTAA-Benefit-ITAT-Taxscan.jpg "NRI Eligible for DTAA Benefit Towards Salary Earned in Morocco: ITAT [Read Order]")
![Income Accrued in Year under Consideration shall be viewed as Real Income and Subject to Tax: ITAT sustains addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Income-Accrued-Year-Consideration-Real-Income-Subject-Tax-taxscan.jpg "Income Accrued in Year under Consideration shall be viewed as Real Income and Subject to Tax: ITAT sustains addition [Read Order]")
Activities of the trust cannot be the deciding factor while granting registration u/s 12A of Income Tax Act: ITAT [Read Order]
The Raipur bench of the Income Tax Appellate Tribunal held that Activities of the trust cannot be the deciding factor while granting registration. The assesse filed the appeal on the grounds that...
![Activities of the trust cannot be the deciding factor while granting registration u/s 12A of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Activities-of-the-trust-deciding-factor-while-granting-registration-Income-Tax-Act-ITAT-TAXSCAN.jpg "Activities of the trust cannot be the deciding factor while granting registration u/s 12A of Income Tax Act: ITAT [Read Order]")
CIT(A) upholds addition of VSI Contribution and Sale of Sugar at Concessional Rate without appreciating Facts and Law: ITAT directs Fresh Adjudication [Read Order]
The Pune bench of the Income Tax Appellate Tribunal (ITAT) held that relief Granted by deleting one Addition doesn't mean to deny all other reliefs. The appellant is a Cooperative Society engaged...
![CIT(A) upholds addition of VSI Contribution and Sale of Sugar at Concessional Rate without appreciating Facts and Law: ITAT directs Fresh Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/CITA-CITA-upholds-addition-CITA-upholds-addition-of-VSI-CITA-upholds-addition-of-VSI-Contribution-taxscan.jpg "CIT(A) upholds addition of VSI Contribution and Sale of Sugar at Concessional Rate without appreciating Facts and Law: ITAT directs Fresh Adjudication [Read Order]")
No Live Link b/w AIR Information and AO’s Finding that Assessee is Beneficiary of Fraudulent Transactions: ITAT Quashes Re-Assessment Proceedings [Read Order]
The Pune bench of the Income Tax Appellate Tribunal (ITAT) held that Mere ground of being benefitted from fraudulent transaction doesn't prove being a beneficiary to such fraud. The appellant, an...
![No Live Link b/w AIR Information and AO’s Finding that Assessee is Beneficiary of Fraudulent Transactions: ITAT Quashes Re-Assessment Proceedings [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/No-Live-Link-between-AIR-Information-and-AOs-Finding-AIR-Information-Assessee-is-Beneficiary-of-Fraudulent-Transactions-ITAT-Re-Assessment-Proceedings-Taxscan.jpg "No Live Link b/w AIR Information and AO’s Finding that Assessee is Beneficiary of Fraudulent Transactions: ITAT Quashes Re-Assessment Proceedings [Read Order]")
Assessment Order without DIN in body violating CBDT circular is Invalid and Treats as never been Issued: ITAT [Read Order]
The Pune bench of the Income Tax Appellate Tribunal ruled that an assessment order lacking the Document Identification Number (DIN) within the body of the order violates the Circular of the Central...
![Assessment Order without DIN in body violating CBDT circular is Invalid and Treats as never been Issued: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/AssessmAent-DIN-body-violating-CBDT-Treats-never-Issued-ITAT-TAXSCAN.jpg "Assessment Order without DIN in body violating CBDT circular is Invalid and Treats as never been Issued: ITAT [Read Order]")
Addition of Amount of Security Deposit to Taxable Income of Jindal Construction can't be deleted Merely Relying on Certificate of Non-Completion of Construction: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) held that mere non completion certificate by the Developer isnot an enough ground to delete addition of scrutiny deposit. The case of...
![Addition of Amount of Security Deposit to Taxable Income of Jindal Construction cant be deleted Merely Relying on Certificate of Non-Completion of Construction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Addition-of-Amount-of-Security-Deposit-to-Taxable-Income-of-Jindal-Construction-cant-be-deleted-Merely-Relying-on-Certificate-of-Non-Completion-of-Construction-ITAT-TAXSCAN.jpg "Addition of Amount of Security Deposit to Taxable Income of Jindal Construction cant be deleted Merely Relying on Certificate of Non-Completion of Construction: ITAT [Read Order]")
Issuance of Notice u/s 147 of Income Tax Act without Jurisdiction: ITAT Quashes Re-Assessment [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) granted partial approval to the appeal made under Section 147 & 148 of the Income Tax Act, 1961. The basis for this decision was that...
![Issuance of Notice u/s 147 of Income Tax Act without Jurisdiction: ITAT Quashes Re-Assessment [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Isuance-of-Notice-Income-Tax-Act-Jurisdiction-ITAT-ITAT-Quashes-Re-Assessment-Income-Tax-taxscan.jpg "Issuance of Notice u/s 147 of Income Tax Act without Jurisdiction: ITAT Quashes Re-Assessment [Read Order]")