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Taxscan Team
![Notice issued pointing income Escapement in the form of Stock/Bills of Entry for Import on deactivated PAN is not valid: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Notice-income-Escapement-Stock-Bills-of-Entry-PAN-Delhi-HC-taxscan.jpg "Notice issued pointing income Escapement in the form of Stock/Bills of Entry for Import on deactivated PAN is not valid: Delhi HC [Read Order]")
Notice issued pointing income Escapement in the form of Stock/Bills of Entry for Import on deactivated PAN is not valid: Delhi HC [Read Order]
The Delhi High Court (HC) held that the notice issued pointing to income escapement in the form of stock/bills of entry for import on deactivated PAN...
![Notice issued u/s 148 of Income Tax Act to a Non-Existing Company is Null: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Notice-Income-Tax-Act-Company-Delhi-HC-taxscan.jpg "Notice issued u/s 148 of Income Tax Act to a Non-Existing Company is Null: Delhi HC [Read Order]")
![Demand of Service Tax under Works Contract Service cant be charged when assessee predominantly engages in Manufacture and Sale of Goods: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Demand-of-Service-Tax-Works-Contract-Service-Manufacture-and-Sale-of-Goods-CESTAT-taxscan.jpg "Demand of Service Tax under Works Contract Service cant be charged when assessee predominantly engages in Manufacture and Sale of Goods: CESTAT [Read Order]")
![Supreme Court dismisses Petition Challenging Appointment of Vice Presidents of Income Tax Appellate Tribunal [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Supreme-Court-Petition-Appointment-Vice-Presidents-Income-Tax-Appellate-Tribunal-taxscan.jpg "Supreme Court dismisses Petition Challenging Appointment of Vice Presidents of Income Tax Appellate Tribunal [Read Order]")
![Percentage completion method of Revenue recognition Practised by Builder is acceptable as per Accounting Standard: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Revenue-recognition-Accounting-Standard-ITAT-taxscan.jpg "Percentage completion method of Revenue recognition Practised by Builder is acceptable as per Accounting Standard: ITAT [Read Order]")
![Revisionary Order entirely on Presumptions, Conjectures and Surmises is not valid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Revisionary-order-ITAT-taxscan.jpg "Revisionary Order entirely on Presumptions, Conjectures and Surmises is not valid: ITAT [Read Order]")
![Revisionary Powers u/s 263 can be Invoked on Account of Lack of Enquiry by AO: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Revisionary-Account-Enquiry-AO-ITAT-TAXSCAN.jpg "Revisionary Powers u/s 263 can be Invoked on Account of Lack of Enquiry by AO: ITAT [Read Order]")
![Power to file Application u/s 7 of the IBC can be delegated by AGM to GM: NCLT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Power-file-Application-IBC-AGM-GM-NCLT-taxscan.jpg "Power to file Application u/s 7 of the IBC can be delegated by AGM to GM: NCLT [Read Order]")
No Income Tax Addition for Cash Deposit during Demonetization duly explained with Cash Flow Statement: ITAT [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has held that Income Tax Addition for cash deposits duly explained with cash flow statements is not permissible. Smt. Perminder Kaur...
![No Income Tax Addition for Cash Deposit during Demonetization duly explained with Cash Flow Statement: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Income-Tax-Addition-Cash-Deposit-Demonetization-Cash-Flow-Statement-ITAT-taxscan.jpg "No Income Tax Addition for Cash Deposit during Demonetization duly explained with Cash Flow Statement: ITAT [Read Order]")
![Provident Fund dues are not Assets of Corporate Debtor and have to be paid in Full: NCLT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Provident-Fund-Assets-Corporate-Debtor-NCLT-taxscan.jpg "Provident Fund dues are not Assets of Corporate Debtor and have to be paid in Full: NCLT [Read Order]")