Taxscan Team
![No Addition on Ground of Typographical Error In Income Tax Return: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Typographical-Error-Income-Tax-Return-ITAT-taxscan.jpg "No Addition on Ground of Typographical Error In Income Tax Return: ITAT [Read Order]")
No Addition on Ground of Typographical Error In Income Tax Return: ITAT [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Mumbai Bench, has recently in an appeal filed before it, held that no addition shall be made on the...
![Purchase of Windmill and Capitalisation in Books of Account: ITAT allows Depreciation [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Windmill-Capitalisation-ITAT-Depreciation-TAXSCAN.jpg "Purchase of Windmill and Capitalisation in Books of Account: ITAT allows Depreciation [Read Order]")
![Cash deposited during Demonetization period: ITAT directs Assessment as per CBDT guidelines [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Cash-deposited-Demonetization-ITAT-Assessment-CBDT-guidelines-TAXSCAN.jpg "Cash deposited during Demonetization period: ITAT directs Assessment as per CBDT guidelines [Read Order]")
![Late Fee for TDS Default u/s 234 E of Income Tax Act Post 01-06-2015 Valid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/TDS-Income-Tax-Act-ITAT-TAXSCAN.jpg "Late Fee for TDS Default u/s 234 E of Income Tax Act Post 01-06-2015 Valid: ITAT [Read Order]")
![Disallowance u/s 14A cannot be more than Exempt Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Disallowance-Exempt-Income-ITAT-TAXSCAN.jpg "Disallowance u/s 14A cannot be more than Exempt Income: ITAT [Read Order]")
Delay Condonation cannot be done without proving ‘Reasonable Cause’: ITAT refuses to Condone Delay of 2886 Days [Read Order]
The Income Tax Appellate Tribunal (ITAT), Hyderabad Bench, has recently in appeals filed before it, while refusing to condone a delay of 2886 days, held that delay condonation cannot be done without...
![Delay Condonation cannot be done without proving ‘Reasonable Cause’: ITAT refuses to Condone Delay of 2886 Days [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Delay-Condonation-Reasonable-Cause-ITAT-Condone-Delay-TAXSCAN-1.jpg "Delay Condonation cannot be done without proving ‘Reasonable Cause’: ITAT refuses to Condone Delay of 2886 Days [Read Order]")
Excess Depreciation Claim cannot Vitiate the benefit of Reduced Tax Rate u/s 115BAA: ITAT [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Kolkata Bench, has recently while deciding an appeal filed before it, held that excess depreciation claim cannot vitiate the benefit of reduced tax rate...
![Excess Depreciation Claim cannot Vitiate the benefit of Reduced Tax Rate u/s 115BAA: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Depreciation-Claim-Tax-ITAT-taxscan.jpg "Excess Depreciation Claim cannot Vitiate the benefit of Reduced Tax Rate u/s 115BAA: ITAT [Read Order]")
Assessee failed to file Form 27C and TCS exempted on Sale of Scrap, liable to Tax u/s 206C: ITAT [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal ( ITAT ) has held that tax liability under section 206 C of the Income Tax Act,1961 will arise when the assessee failed to file Form 27C and...
![Assessee failed to file Form 27C and TCS exempted on Sale of Scrap, liable to Tax u/s 206C: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Assessee-Form-27C-TCS-Sale-of-Scrap-liable-Tax-ITAT.jpg "Assessee failed to file Form 27C and TCS exempted on Sale of Scrap, liable to Tax u/s 206C: ITAT [Read Order]")
IDR Dividend Income received by Barclays Eligible for Tax Relief under Indo-Mauritius Treaty: ITAT [Read Order]
While allowing relief to M/s Barclays Capital Mauritius Limited, the Income Tax Appellate Tribunal (ITAT), Mumbai bench has held that the Company is eligible for the benefit of Indo-Mauritius Double...
![IDR Dividend Income received by Barclays Eligible for Tax Relief under Indo-Mauritius Treaty: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/IDR-Dividend-Income-Barclays-Tax-Relief-Indo-Mauritius-Treaty-ITAT-taxnews.jpg "IDR Dividend Income received by Barclays Eligible for Tax Relief under Indo-Mauritius Treaty: ITAT [Read Order]")
Second Re-Assessment Notice due to Change of Assessing Officer Not Valid: Supreme Court [Read Judgment]
The Supreme Court two-judge Bench of Justice M R Shah and Justice M M Sundresh recently held that a second reassessment notice issued to the assessee due to a change of Assessing Officer is not...
![Second Re-Assessment Notice due to Change of Assessing Officer Not Valid: Supreme Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2022/11/Second-Re-Assessment-Notice-Change-of-Assessing-Officer-Supreme-Court-Assessing-Office-taxscan.jpg "Second Re-Assessment Notice due to Change of Assessing Officer Not Valid: Supreme Court [Read Judgment]")
Peer Review Certificate Mandatory for Statutory Audit of Unlisted Public Companies and Attestation Services: ICAI
The Institute of Chartered Accountants of India (ICAI) has informed that the phase II of the mandate is becoming applicable from April 1, 2023 and the same shall be required to do statutory audit of...
