![Continuous Non-Compliance towards Notices: ITAT remands matter with ₹5k Costs [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Bangalore-Income-Tax-Appellate-Tribunal-ITAT-remands-Non-Compliance-ITAT-news-ITAT-updates-Notices-taxscan.jpg "Continuous Non-Compliance towards Notices: ITAT remands matter with ₹5k Costs [Read Order]")
Continuous Non-Compliance towards Notices: ITAT remands matter with ₹5k Costs [Read Order]
In a recent ruling, the Bangalore bench of the Income Tax Appellate Tribunal ( ITAT ) remanded the matter with Rs. 5000 due to non-compliance with...
![Delhi HC upholds ITAT decision, invalidates Assessment Order for Exceeding Statutory Timelines [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-Delhi-High-Court-Income-Tax-Assessment-Order-Statutory-Timelines-Delhi-HC-Upholds-ITAT-1.jpg "Delhi HC upholds ITAT decision, invalidates Assessment Order for Exceeding Statutory Timelines [Read Order]")
![Non-Functionality of TRACES Portal not Ground to Deny Benefits: Madhya Pradesh HC directs Demand Adjustment against Birla Corporations pending Refunds [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/TRACES-Portal-Madhya-Pradesh-High-Court-Birla-TRACES-Portal-issues-Income-Tax-Act-taxscan.jpg "Non-Functionality of TRACES Portal not Ground to Deny Benefits: Madhya Pradesh HC directs Demand Adjustment against Birla Corporations pending Refunds [Read Order]")
![Panchnama should Not be treated as Certificate: CESTAT Sets Aside Penalty under Central Excise Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/CESTAT-CESTAT-Delhi-Customs-Excise-Service-Tax-Appellate-Tribunal-Penalty-Panchnama-TAXSCAN.jpeg "Panchnama should Not be treated as Certificate: CESTAT Sets Aside Penalty under Central Excise Act [Read Order]")
![Delhi HC upholds CITs Decision to Revise Assessment Due to AOs Failure to Verify Dishonored Cheques [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/Income-Tax-Delhi-High-Court-AO-failure-cheques-case-TAXSCAN.jpeg "Delhi HC upholds CITs Decision to Revise Assessment Due to AOs Failure to Verify Dishonored Cheques [Read Order]")
![ITAT quashes Income Tax Additions based on Third Party Statements [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-Income-Tax-Income-Tax-Addition-Third-Party-Statements-Income-Tax-Appellate-Tribunal-taxscan.jpg "ITAT quashes Income Tax Additions based on Third Party Statements [Read Order]")
Income Tax Dept designates Authorities for Direct Tax Vivad Se Vishwas Scheme, 2024 [Read Notification]
The Central Board of Direct Taxes ( CBDT ), on 27 September, 2024 conferred jurisdiction on newly appointed Income Tax Authorities as per the Direct Tax Vivad Se Vishwas ( DTVSV ) Scheme, 2024. ...
![Income Tax Dept designates Authorities for Direct Tax Vivad Se Vishwas Scheme, 2024 [Read Notification]](https://www.taxscan.in/wp-content/uploads/2024/10/Income-Tax-CBDT-Direct-Tax-Vivad-Se-Vishwas-Scheme-DTVSV-Scheme-TAXSCAN.jpg "Income Tax Dept designates Authorities for Direct Tax Vivad Se Vishwas Scheme, 2024 [Read Notification]")
Sharing CAT Score By IIM with Non-IIM Institution not fall under Service category of ‘Mailing List Compilation and Mailing Service’, Service Tax not Payable: CESTAT [Read Order]
The Banglore Bench of Customs, Excise and Service Tax Appellate Tribunal ( CESTAT ) in a recent case has held that the activity of sharing CAT score by IIM with the non-IIM institution does not fall...
![Sharing CAT Score By IIM with Non-IIM Institution not fall under Service category of ‘Mailing List Compilation and Mailing Service’, Service Tax not Payable: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/CESTAT-CESTAT-Bangalore-Service-Tax-IIM-Taxscan.jpg "Sharing CAT Score By IIM with Non-IIM Institution not fall under Service category of ‘Mailing List Compilation and Mailing Service’, Service Tax not Payable: CESTAT [Read Order]")
Income from Surplus Funds in Bank Deposits Eligible for Deduction u/s 80P(2)(a)(i) of Income Tax: ITAT [Read Order]
The Income Tax Appellate Tribunal ( ITAT ) has ruled that the interest income from bank deposits is eligible for deduction under Section 80P(2)(a)(i) of the Income Tax Act, 1961. The appellant,...
![Income from Surplus Funds in Bank Deposits Eligible for Deduction u/s 80P(2)(a)(i) of Income Tax: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-Income-Tax-Appellate-Tribunal-Section-80P2ai-Section-80P2ai-Income-Tax-Act-Income-Tax-Income-Tax-News-Tax-news-TAXSCAN.webp "Income from Surplus Funds in Bank Deposits Eligible for Deduction u/s 80P(2)(a)(i) of Income Tax: ITAT [Read Order]")
Assessment u/s 147 cannot be Reopened based on Mere Change of Opinion: ITAT quashes Reassessment [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal ( ITAT ) quashed the reassessment of the assessee, ruling that an assessment under section 147 of the Income Tax Act,1961 cannot be reopened based on...
![Assessment u/s 147 cannot be Reopened based on Mere Change of Opinion: ITAT quashes Reassessment [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-Income-Tax-ITAT-Delhi-ITAT-Reassessment-TAXSCAN.jpg "Assessment u/s 147 cannot be Reopened based on Mere Change of Opinion: ITAT quashes Reassessment [Read Order]")
![No Depreciation allowed on Toll Roads developed on BOT basis as Tangible Assets: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Mumbai-Income-Tax-Appellate-Tribunal-BOT-Basis-Build-Operate-and-Transfer-Tangible-Assets-Toll-Roads-Toll-Roads-developed-BOT-ITAT-news-taxscan.jpg "No Depreciation allowed on Toll Roads developed on BOT basis as Tangible Assets: ITAT [Read Order]")