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![Purchase of Shares of AE can’t be regarded as International Transaction and Investigation u/s 92 cannot Applicable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/07/Shares-TaxScan.jpg "Purchase of Shares of AE can’t be regarded as International Transaction and Investigation u/s 92 cannot Applicable: ITAT [Read Order]")
Purchase of Shares of AE can’t be regarded as International Transaction and Investigation u/s 92 cannot Applicable: ITAT [Read Order]
The Income Tax Appellate Tribunal, Kolkata bench recently ruled that transaction of purchase of shares of AE cannot be regarded as international...
![Trust is Eligible for Exemption u/s 11 even though Confusion Exists regarding the Specified Persons: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/11/Trust-Taxscan.jpg "Trust is Eligible for Exemption u/s 11 even though Confusion Exists regarding the Specified Persons: ITAT [Read Order]")
![ITAT deletes Addition Applying Sec 50C since Assessee has not Received any Consideration from Sale [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/ITAT-Ahmedabad.jpg "ITAT deletes Addition Applying Sec 50C since Assessee has not Received any Consideration from Sale [Read Order]")
![Interest Income from Nationalized Banks is Business Income, Eligible for 80-P Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/11/Business-Income-Taxscan.jpg "Interest Income from Nationalized Banks is Business Income, Eligible for 80-P Deduction: ITAT [Read Order]")
![GST: CBEC Lays down Norms for Manual Disbursal of Budgetary Support [Read Circular]](https://www.taxscan.in/wp-content/uploads/2016/09/CBEC-Tax-Scan.jpg "GST: CBEC Lays down Norms for Manual Disbursal of Budgetary Support [Read Circular]")
Mistake of Auditor who has Wrongly given the Figures and Made Wrong Observation can’t be basis for Assessment: ITAT [Read Order]
Kolkata bench of Income Tax Appellate Tribunal (ITAT) has recently declared that addition merely on ground of mistake of the auditor has wrongly given the figures and made wrong observations is...
![Mistake of Auditor who has Wrongly given the Figures and Made Wrong Observation can’t be basis for Assessment: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/06/Auditor.jpg "Mistake of Auditor who has Wrongly given the Figures and Made Wrong Observation can’t be basis for Assessment: ITAT [Read Order]")
Income from Interest Received Temporarily Parked in the Banks and given as Unsecured Loan is Business Income: ITAT [Read Order]
The Kolkata bench of Income Tax Appellate Tribunal recently announced and directed the Assessing Officer to treat the interest income temporarily parked in the banks and given as unsecured loan which...
![Income from Interest Received Temporarily Parked in the Banks and given as Unsecured Loan is Business Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/07/Interest-Rates-on-Small-Saving-Schemes.jpg "Income from Interest Received Temporarily Parked in the Banks and given as Unsecured Loan is Business Income: ITAT [Read Order]")
Voluntary Disclosure in all cases can’t absolve the Assessee from Penal Liabilities: Bombay HC [Read Judgment]
The Bombay High Court while allowing a reference application in favour of the Revenue, held that voluntary disclosure in all cases cannot absolve the assessee from penal liabilities under Section...
![Voluntary Disclosure in all cases can’t absolve the Assessee from Penal Liabilities: Bombay HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/06/Bombay-High-Court-2-Tax-Scan.jpg "Voluntary Disclosure in all cases can’t absolve the Assessee from Penal Liabilities: Bombay HC [Read Judgment]")