Shabna Rahim
![ITAT quashes Addition by AO towards Business Loss on ground of Absence of Speculation Loss of Share Capital Income [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/ITAT-Addition-AO-Business-Loss-Speculation-Loss-Share-Capital-taxscan.jpg "ITAT quashes Addition by AO towards Business Loss on ground of Absence of Speculation Loss of Share Capital Income [Read Order]")
ITAT quashes Addition by AO towards Business Loss on ground of Absence of Speculation Loss of Share Capital Income [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) quashed the addition made by the Assessing Officer (AO) towards the business loss on the...
![No computation of fee u/s.234E of Income Tax Act for Delayed filing of return of TDS prior to 01.06.2015: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/computation-of-fee-Income-Tax-Act-Delayed-filing-Tax-Deducted-at-Source-ITAT-TDS-Tax-Deducted-TAX-Tax-ACT-TAXSCAN.jpg "No computation of fee u/s.234E of Income Tax Act for Delayed filing of return of TDS prior to 01.06.2015: ITAT [Read Order]")
![Determination of ALP of Professional Fee should not be carried out by AO in a case where reference is not made to TPO: ITAT Deletes Addition towards transfer pricing adjustment [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Determination-of-ALP-Professional-Fee-AO-TPO-ITAT-Addition-transfer-pricing-adjustment-taxscan.jpg "Determination of ALP of Professional Fee should not be carried out by AO in a case where reference is not made to TPO: ITAT Deletes Addition towards transfer pricing adjustment [Read Order]")
![Finance cost should be Allowed as a Deduction u/s 36(1)(iii) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Finance-cost-Deduction-Income-Tax-Act-ITAT-income-tax-news-tax-news-taxscan.jpg "Finance cost should be Allowed as a Deduction u/s 36(1)(iii) of Income Tax Act: ITAT [Read Order]")
![Delay of Filing Appeal can be Condoned when there is sufficient cause for not filing appeal within period of limitation: ITAT condones delay of 438 days [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/condoned-ITAT-Income-Tax-Appellate-Tribunal-assessee-limitation-Appeal-Filing-taxcsan.jpg "Delay of Filing Appeal can be Condoned when there is sufficient cause for not filing appeal within period of limitation: ITAT condones delay of 438 days [Read Order]")
Addition made u/s69 of Income Tax Act towards Purchase and Sale of Shares without Sufficient Evidence: ITAT Directs Re-adjudication [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) directed the Assessing Officer (AO) for re-adjudication of additions made under section 69 of the Income Tax Act,1961 towards the purchase...
![Addition made u/s69 of Income Tax Act towards Purchase and Sale of Shares without Sufficient Evidence: ITAT Directs Re-adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/without-Sufficient-Evidence-ITAT-Directs-Re-adjudication-Re-adjudication-ITAT-Directs-Tax-News-Purchase-And-Sale-Of-Share-Updates-TAXSCAN.jpg "Addition made u/s69 of Income Tax Act towards Purchase and Sale of Shares without Sufficient Evidence: ITAT Directs Re-adjudication [Read Order]")
Excise Duty Demand on Clearance of Welding Machines without analyzing Expert Evidence: CESTAT directs Re-adjudication [Read Order]
The Mumbai bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) directed the adjudicating authority for re-adjudication on excise duty demand on the clearance of welding machines...
![Excise Duty Demand on Clearance of Welding Machines without analyzing Expert Evidence: CESTAT directs Re-adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Welding-Machines-Excise-Duty-Demand-Mumbai-bench-CESTAT-taxscan.jpg "Excise Duty Demand on Clearance of Welding Machines without analyzing Expert Evidence: CESTAT directs Re-adjudication [Read Order]")
No Confiscation of Gold can be done in Absence of any Act of Illegal Import or Smuggling of Goods: CESTAT [Read Order]
The Kolkata bench of the Customs Excise and Service Tax Appellate Tribunal (CESTAT) held that the confiscation of gold or any goods cannot be done in the absence of any act of illegal import or...
![No Confiscation of Gold can be done in Absence of any Act of Illegal Import or Smuggling of Goods: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/smuggling-of-goods-Confiscation-CESTAT-Kolkata-bench-taxscan.jpg "No Confiscation of Gold can be done in Absence of any Act of Illegal Import or Smuggling of Goods: CESTAT [Read Order]")
No Weighted Average Cost of Capital method can be applied for purpose of computing ALP of Royalty income: ITAT Upholds Deletion of Adjustments in favour of Britannia Industries [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) upheld the deletion of adjustments in favor of Britannia Industries and held that the weighted average cost of capital (WACC) method...
![No Weighted Average Cost of Capital method can be applied for purpose of computing ALP of Royalty income: ITAT Upholds Deletion of Adjustments in favour of Britannia Industries [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/No-Weighted-Average-Cost-Average-Cost-Average-Cost-of-Capital-method-computing-ALP-ALP-Royalty-income-Royalty-ITAT-taxscan.jpg "No Weighted Average Cost of Capital method can be applied for purpose of computing ALP of Royalty income: ITAT Upholds Deletion of Adjustments in favour of Britannia Industries [Read Order]")
Laminated Paper are classifiable under ‘other paper cut to size or shape’ and not under ‘Paper and Paper board’: CESTAT [Read Order]
The Allahabad bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) held that the laminated paper is classifiable under the category of other paper cut to size or shape and not...
![Laminated Paper are classifiable under ‘other paper cut to size or shape’ and not under ‘Paper and Paper board’: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Paper-and-Paper-board-CESTAT-News-CESTAT-Excise-Customs-Service-Tax-Tax-News-TAXSCAN.jpg "Laminated Paper are classifiable under ‘other paper cut to size or shape’ and not under ‘Paper and Paper board’: CESTAT [Read Order]")
Corrugated Boxes and Laminated Paper are Eligible for Excise duty Exemption Under Exemption Notification: CESTAT [Read Order]
The Allahabad bench of the Customs Excise and Service Tax Appellate Tribunal (CESTAT) held that the corrugated boxes and laminated paper are eligible for the excise duty exemption under exemption...
![Corrugated Boxes and Laminated Paper are Eligible for Excise duty Exemption Under Exemption Notification: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Eligible-for-Excise-Duty-Excise-Duty-Exemption-Exemption-CESTAT-Excise-Customs-Service-Tax-CESTAT-News-Tax-News-TAXSCAN.jpg "Corrugated Boxes and Laminated Paper are Eligible for Excise duty Exemption Under Exemption Notification: CESTAT [Read Order]")