Shabna Rahim
Supreme Court And Highcourt Weekly Round-UP
This weekly round-up analytically summarises the key tax judgements of the Supreme Court and all High Courts reported at Taxscan.in during the...
![Addition made by AO u/s 68 of IT Act could not made in Absence of any Incriminating Material: ITAT quashes Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/IT-Act-could-not-made-Absence-of-any-Incriminating-Material-ITAT-TAXSCAN.jpg "Addition made by AO u/s 68 of IT Act could not made in Absence of any Incriminating Material: ITAT quashes Order [Read Order]")
![Relief to Reliance Infrastructure Limited: ITAT directs AO to Grant Credit of TDS of Rs 40.43 Crores [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Relief-to-Reliance-Infrastructure-Limited-ITAT-TAXSCAN.jpg "Relief to Reliance Infrastructure Limited: ITAT directs AO to Grant Credit of TDS of Rs 40.43 Crores [Read Order]")
![Reopening of Assessment Proceedings u/s 147 of Income Tax Act after 4 years is Invalid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Reopening-of-Assessment-Proceedings-Assessment-Proceedings-Income-Tax-Act-Income-Tax-ITAT-Taxscan.jpg "Reopening of Assessment Proceedings u/s 147 of Income Tax Act after 4 years is Invalid: ITAT [Read Order]")
Penalty Imposed u/s 271(1)(c) of IT Act for Commission Payment without Proper Hearing: ITAT directs Re-adjudication [Read Order]
The Jaipur bench of Income Tax Appellate Tribunal (ITAT) directed the matter back to the assessing officer for re-adjudication for penalty imposed under Section 271(1)(c) of the Income Tax Act...
![Penalty Imposed u/s 271(1)(c) of IT Act for Commission Payment without Proper Hearing: ITAT directs Re-adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Penalty-imposed-IT-Act-Penalty-commission-payment-without-proper-hearing-commission-payment-ITAT-directs-re-adjudication-taxscan.jpg "Penalty Imposed u/s 271(1)(c) of IT Act for Commission Payment without Proper Hearing: ITAT directs Re-adjudication [Read Order]")
Claim of exemption u/s 10(38) of IT Act for LTCG from sale of equity shares before assessment proceedings is valid: ITAT [Read Order]
The Cuttack bench of Income Tax Appellate (ITAT) held that the claim of exemption under section 10(38) of Income Tax Act, 1961 for the long term capital gain from the sale of equity shares before the...
![Claim of exemption u/s 10(38) of IT Act for LTCG from sale of equity shares before assessment proceedings is valid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/for-LTCG-from-sale-of-equity-shares-before-assessment-proceedings-is-valid-ITAT-TAXSCAN.jpg "Claim of exemption u/s 10(38) of IT Act for LTCG from sale of equity shares before assessment proceedings is valid: ITAT [Read Order]")
No Addition of LTCG can be made u/s 69A on Account of Alleged Unexplained Investment in Jewellery: ITAT [Read Order]
The New Delhi bench of Income Tax Appellate Tribunal(ITAT) held that addition of long term capital gain can be made by the assessing officer under Section 69A of Income Tax Act, 1961 on account of...
![No Addition of LTCG can be made u/s 69A on Account of Alleged Unexplained Investment in Jewellery: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/No-addition-of-LTCG-account-of-alleged-unexplained-investment-in-jewellery-ITAT-TAXSCAN.jpg "No Addition of LTCG can be made u/s 69A on Account of Alleged Unexplained Investment in Jewellery: ITAT [Read Order]")
Payment of Education cess cannot be considered as an expenditure u/s 37 and 40(a)(ii) of Income Tax Act : ITAT [Read Order]
The New Delhi bench of Income Tax Appellate Tribunal (ITAT) held that the payment of educational cess should not be allowed as an expenditure under section 37 and 40(a)(ii) of Income Tax Act 1961. ...
![Payment of Education cess cannot be considered as an expenditure u/s 37 and 40(a)(ii) of Income Tax Act : ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Payment-of-Education-cess-expenditure-Income-Tax-Act-ITAT-Education-cess-Payment-taxscan.jpg "Payment of Education cess cannot be considered as an expenditure u/s 37 and 40(a)(ii) of Income Tax Act : ITAT [Read Order]")
Rejection of Maintenance Claim u/s 40(a)(ia) of Income Tax Act without Proper Verification: ITAT quashes Order [Read Order]
The New Delhi bench of Income Tax Appellate Tribunal(ITAT) held that the claim of maintenance for building under Section 40(a)(ia) of Income Tax Act, 1961 rejected without proper verification of...
![Rejection of Maintenance Claim u/s 40(a)(ia) of Income Tax Act without Proper Verification: ITAT quashes Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/maintanance.jpg "Rejection of Maintenance Claim u/s 40(a)(ia) of Income Tax Act without Proper Verification: ITAT quashes Order [Read Order]")
CENVAT Credit can be fully utilized for Payment of Service Tax Liability: CESTAT quashes Order against Vodafone [Read Order]
The Chennai Bench of Customs, Excise And Service Tax Appellate Tribunal (CESTAT) held that the CENVAT credit of all the input services and capital goods under rule 6(5) of the CENVAT Credit Rules,...
![CENVAT Credit can be fully utilized for Payment of Service Tax Liability: CESTAT quashes Order against Vodafone [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/CENVAT-Credit-Service-Tax-liability-Payment-CESTAT-quashes-Order-CESTAT-quashes-Order-against-Vodafone-taxscan.jpg "CENVAT Credit can be fully utilized for Payment of Service Tax Liability: CESTAT quashes Order against Vodafone [Read Order]")
Reverse Charge Mechanism not applicable on Service Tax for Banking & other Financial Services: CESTAT [Read Order]
The Chennai bench of Customs, Excise And Service Tax Appellate Tribunal(CESTAT) held that the service tax under the head ‘Banking and Other Financial Services’ on the fees paid to foreign banks for...
![Reverse Charge Mechanism not applicable on Service Tax for Banking & other Financial Services: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Reverse-Charge-Mechanism-not-applicable-on-Service-Tax-for-Banking-Financial-Services-CESTAT-TAXSCAN.jpg "Reverse Charge Mechanism not applicable on Service Tax for Banking & other Financial Services: CESTAT [Read Order]")