Varda Marakkar
![Pendency of Appeal w.r.t. Joint Development Agreement: ITAT Condones Delay of 395 Days to Avoid Double Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/Pendency-of-Appeal-Joint-Development-Agreement-ITAT-Condones-Delay-Avoid-Double-Addition-taxscan.jpg "Pendency of Appeal w.r.t. Joint Development Agreement: ITAT Condones Delay of 395 Days to Avoid Double Addition [Read Order]")
Pendency of Appeal w.r.t. Joint Development Agreement: ITAT Condones Delay of 395 Days to Avoid Double Addition [Read Order]
In a recent decision, the Income Tax Appellate Tribunal (ITAT) condoned a 395-day delay in the filing of an appeal by the assessee/appellant, M/s...
![CESTAT Orders Reassessment of Rs. 95 Lakh Duty on Reimported Ferrari Car after Alleged Carnet Misuse [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/CESTAT-CESTAT-Bangalore-Ferrari-Car-Reassessment-on-Ferrari-Car-CESTAT-Orders-Reassessment-on-Ferrari-Car-taxscan.jpg "CESTAT Orders Reassessment of Rs. 95 Lakh Duty on Reimported Ferrari Car after Alleged Carnet Misuse [Read Order]")
![Self Funded Assets of Delhi Airport Metro Express: ITAT Upholds Depreciation Claimed [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/Delhi-Airport-Metro-Express.jpg "Self Funded Assets of Delhi Airport Metro Express: ITAT Upholds Depreciation Claimed [Read Order]")
![Mechanical Approval of Reassessment by PCIT: ITAT Quashes Income Tax Notice u/s 148 [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/Mechanical-Approval-Reassessment-PCIT-ITAT-Income-Tax-Notice-us-148-TAXSCAN1.jpg "Mechanical Approval of Reassessment by PCIT: ITAT Quashes Income Tax Notice u/s 148 [Read Order]")
Ad-Hoc Income Tax Addition on Guess Work: ITAT Remands Matter Despite Assessee’s Failure to Furnish Evidence [Read Order]
In a recent decision, the Income Tax Appellate Tribunal ( ITAT ), Delhi Bench, remanded a case involving the assessee, Virtual Global Education Ltd. back to the Assessing Officer ( AO ), after...
![Ad-Hoc Income Tax Addition on Guess Work: ITAT Remands Matter Despite Assessee’s Failure to Furnish Evidence [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/Income-Tax-ITAT-ITAT-Delhi-Ad-Hoc-TAXSCAN.jpg "Ad-Hoc Income Tax Addition on Guess Work: ITAT Remands Matter Despite Assessee’s Failure to Furnish Evidence [Read Order]")
Failure of AO to Prove Nexus b/w Post- Dated Cheque and Undisclosed Income: ITAT Upholds deletion of Addition [Read Order]
The Income Tax Appellate Tribunal (ITAT) in Delhi upheld the deletion of an addition made by the Assessing Officer (AO) concerning alleged undisclosed income linked to post-dated cheques (PDCs)...
![Failure of AO to Prove Nexus b/w Post- Dated Cheque and Undisclosed Income: ITAT Upholds deletion of Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/AO-to-Prove-Nexus-Post-Dated-Cheque-and-Undisclosed-Income-ITAT-TAXSCAN1.jpg "Failure of AO to Prove Nexus b/w Post- Dated Cheque and Undisclosed Income: ITAT Upholds deletion of Addition [Read Order]")
Deliberate Failure to Produce Books of Account: ITAT Upholds ₹1.05 Crore Income Tax Addition in Reassessment [Read Order]
Recently, the Income Tax Appellate Tribunal ( ITAT ) in Delhi dismissed the appeal filed by the assessee, Shivam Leasing Pvt. Ltd., upholding a substantial income tax addition of ₹1.05 crore for the...
![Deliberate Failure to Produce Books of Account: ITAT Upholds ₹1.05 Crore Income Tax Addition in Reassessment [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-Income-Tax-Appellate-Tribunal-TAT-Delhi-TAXSCAN.jpg "Deliberate Failure to Produce Books of Account: ITAT Upholds ₹1.05 Crore Income Tax Addition in Reassessment [Read Order]")
CESTAT Rules Imported Consignment Rightly Classified as “Bed Sheets”, Quashes Revenue’s Reclassification [Read Order]
In a recent ruling, the Customs, Excise & Service Tax Appellate Tribunal ( CESTAT ) in Kolkata quashed the Revenue’s attempt to reclassify a consignment of imported goods and upheld that the...
![CESTAT Rules Imported Consignment Rightly Classified as “Bed Sheets”, Quashes Revenue’s Reclassification [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/CESTAT-CESTAT-Kolkata-Bed-sheets-import-Customs-updates-Tax-news-taxscan.jpg "CESTAT Rules Imported Consignment Rightly Classified as “Bed Sheets”, Quashes Revenue’s Reclassification [Read Order]")
![Rectification Not Available for Debatable Income Tax Matters: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Delhi-Income-tax-Debatable-Income-Tax-Matter-Rectification-in-income-tax-matter-Income-Tax-Appellate-Tribunal-taxscan.jpg "Rectification Not Available for Debatable Income Tax Matters: ITAT [Read Order]")
Old and Worn Clothes Imported Without Valid Specific License: CESTAT Upholds 10% Redemption Fine and 5% Penalty [Read Order]
In a recent ruling, the Customs, Excise & Service Tax Appellate Tribunal ( CESTAT ) in Kolkata upheld a 10% redemption fine and a 5% penalty in a case involving the import of old and worn...
![Old and Worn Clothes Imported Without Valid Specific License: CESTAT Upholds 10% Redemption Fine and 5% Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/CESTAT-CESTAT-Kolkata-Import-old-Cloth-penalty-TAXSCAN.jpg "Old and Worn Clothes Imported Without Valid Specific License: CESTAT Upholds 10% Redemption Fine and 5% Penalty [Read Order]")
Disregard of Additional Evidence By CIT(A): ITAT Remanda Ad Hoc Income Tax Disallowance to AO [Read Order]
In a recent judgment, the Income Tax Appellate Tribunal ( ITAT ) Delhi Bench "B" ruled in favor of an assessee and directed the matter regarding ad hoc income tax disallowances to be re-examined by...
![Disregard of Additional Evidence By CIT(A): ITAT Remanda Ad Hoc Income Tax Disallowance to AO [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Delhi-Ad-Hoc-Income-Tax-Income-tax-Income-Tax-Disallowance-Disregard-of-Additional-Evidence-taxscan.jpg "Disregard of Additional Evidence By CIT(A): ITAT Remanda Ad Hoc Income Tax Disallowance to AO [Read Order]")