Saagarika Gopinath
Final year BBA LLB( Hons) law student at Government Law College
Caramelized Popcorn with added Sugars have to be treated differently from Salted ( Namkeen ) Popcorn: FM
The Finance Minister of our country, while addressing the press this evening, clarified that caramelized popcorn and salted popcorn are to be treated...
ITAT Upholds disallowance u/s 56(2)(viib) due to Unexplained Share Premium Fluctuation within same Financial Year [Read Order]
In a recent ruling, the Ahmedabad bench of the Income Tax Appellate Tribunal ( ITAT ) upheld the disallowance under Section 56(2)(viib) of the Income Tax Act, 1961, due to Unexplained Share Premium...
![ITAT Upholds disallowance u/s 56(2)(viib) due to Unexplained Share Premium Fluctuation within same Financial Year [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Upholds-disallowance-Unexplained-Share-Premium-Financial-Year-Ahmedabad-bench-of-the-Income-Tax-Appellate-Tribunal-Share-Premium-Fluctuation-assessing-officer-income-tax-returns-Taxscan.jpg "ITAT Upholds disallowance u/s 56(2)(viib) due to Unexplained Share Premium Fluctuation within same Financial Year [Read Order]")
S. 263 Order passed by PCIT by Violating Principles of Natural Justice: ITAT quashes Disallowance of Interest on Grant of Rs. 4.18 crore [Read Order]
In a recent ruling, the Ahmedabad bench of the Income Tax Appellate Tribunal ( ITAT ) allowed all the grounds filed by the assessee and held that the order passed under Section 263 of the Income Tax...
![S. 263 Order passed by PCIT by Violating Principles of Natural Justice: ITAT quashes Disallowance of Interest on Grant of Rs. 4.18 crore [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-Ahmedabad-Income-Tax-Income-Tax-News-section-263-Taxscan.jpg "S. 263 Order passed by PCIT by Violating Principles of Natural Justice: ITAT quashes Disallowance of Interest on Grant of Rs. 4.18 crore [Read Order]")
S.128 A & S16(4) ITC Disallowance: Karnataka State CA Association submits Representation to Union Finance Minister
On Tuesday, 17th December, the Karnataka State Chartered Accountants Association sent a representation to the Union Finance Minister, Nirmala Sitaraman. The representation is basically proposed to...
ITAT Condones 244 days Delay, Restores Ex-Parte Order to AO for Fresh Adjudication due to Genuine Hardships Faced by Assessee [Read Order]
In a recent ruling, the Ahmedabad bench of the Income Tax Appellate Tribunal ( ITAT ) condoned a delay of 244 days and restored the ex-parte order to the AO for fresh adjudication due to the genuine...
![ITAT Condones 244 days Delay, Restores Ex-Parte Order to AO for Fresh Adjudication due to Genuine Hardships Faced by Assessee [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-Condones-244-days-Delay-Ex-Parte-Order-AO-Fresh-Adjudication-Genuine-Hardships-Faced-Assessee-taxscan.jpg "ITAT Condones 244 days Delay, Restores Ex-Parte Order to AO for Fresh Adjudication due to Genuine Hardships Faced by Assessee [Read Order]")
![Delay in filing SLP: Supreme Court grants Relief to Adani Power from IT Reassessment [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2024/12/Adani-Power-limited-Income-Tax-Income-tax-re-assessment-Delay-in-filing-SLP-Taxscan.jpg "Delay in filing SLP: Supreme Court grants Relief to Adani Power from IT Reassessment [Read Judgment]")
CESTAT grants relief to Citizen Credit Co-Op Bank: Cenvat Credit Allowed on DICGC Insurance Premium as Input Service in banking operations [Read Order]
In a recent ruling, the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) has ruled that the bank can claim Cenvat credit on the service tax paid for deposit insurance premium to the...
![CESTAT grants relief to Citizen Credit Co-Op Bank: Cenvat Credit Allowed on DICGC Insurance Premium as Input Service in banking operations [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/CESTAT-CESTAT-grants-relief-Cenvat-Credit-DICGC-DICGC-Insurance-Premium-Input-Service-in-banking-operations-Customs-Excise-Customs-Exciseand-Service-Tax-Appellate-Tribunal-Taxscan.jpg "CESTAT grants relief to Citizen Credit Co-Op Bank: Cenvat Credit Allowed on DICGC Insurance Premium as Input Service in banking operations [Read Order]")
Interest Income from Co-operative Bank qualifies as Business Income: ITAT allows Co-operative Society to claim Deduction u/s 80P [Read Order]
The Nagpur bench of the Income Tax Appellate Tribunal ( ITAT ) held that interest income from a co-operative Bank qualifies as business income and allowed the co-operative society to claim deduction...
![Interest Income from Co-operative Bank qualifies as Business Income: ITAT allows Co-operative Society to claim Deduction u/s 80P [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/Interest-Income-Co-operative-Bank-Business-Income-ITAT-Co-operative-Society-Deduction-taxscan.jpg "Interest Income from Co-operative Bank qualifies as Business Income: ITAT allows Co-operative Society to claim Deduction u/s 80P [Read Order]")