34 Income Tax Due Dates in June 2024: Don't Miss these
Here is the comprehensive Income Tax compliance schedule for June 2024. It is important to keep in mind these deadlines to prevent unwarranted...
![Working Capital Adjustment on Outstanding Trade Receivable has to be Verified While Making ALP Adjustment on Notional Interest:Â ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/ITAT-Working-Capital-Adjustment-ALP-Adjustment-on-Notional-Interest-Arms-Length-Price-Interest-Taxscan.jpg "Working Capital Adjustment on Outstanding Trade Receivable has to be Verified While Making ALP Adjustment on Notional Interest:Â ITAT [Read Order]")
![Failure to produce documents with respect to LTCG arising out of Purchase and Sale of Shares: ITAT upholds Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/ITAT-ITAT-Chennai-LTCG-ITAT-upholds-Addition-Purchase-and-Sale-of-Shares-Tax-news-Taxscan.jpg "Failure to produce documents with respect to LTCG arising out of Purchase and Sale of Shares: ITAT upholds Addition [Read Order]")
![Non filing of ITR: ITAT upholds Reassessment Proceedings [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Income-tax-ITR-Filing-income-tax-return-filing-income-tax-return-taxscan.jpg "Non filing of ITR: ITAT upholds Reassessment Proceedings [Read Order]")
Delay in filing of Form No. 10-ICÂ has condoned as per CBDT Circular No. 19/2023: ITAT allows Appeal [Read Order]
The Ahmedabad bench of Income Tax Appellate Tribunal (ITAT) while allowing the appeal filed by the assessee observed that the assessee condoned the delay in filing of Form No.10IC as per the CBDT...
![Delay in filing of Form No. 10-ICÂ has condoned as per CBDT Circular No. 19/2023: ITAT allows Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/filing-of-Form-No.10-IC-CBDT-Circular-No-ITAT-Appeal-TAXSCAN.jpg "Delay in filing of Form No. 10-ICÂ has condoned as per CBDT Circular No. 19/2023: ITAT allows Appeal [Read Order]")
Reopening of Assessment is not permissible in respect of Protective Addition when reasons are only of Assumption: ITAT deletes Addition [Read Order]
The Ahmedabad bench of Income Tax Appellate Tribunal ( ITAT ) after deleting the addition made by the assessing officer held that reopening of assessment is not permissible in respect of protective...
![Reopening of Assessment is not permissible in respect of Protective Addition when reasons are only of Assumption: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Reopening-of-Assessment-permissible-Protective-Addition-Assumption-ITAT-taxscan.jpg "Reopening of Assessment is not permissible in respect of Protective Addition when reasons are only of Assumption: ITAT deletes Addition [Read Order]")
ITAT directs Re adjudication after considering Documentary Evidence related to Genuine Activities of Assessee Trust [Read Order]
The Ahmedabad bench of Income Tax Appellate Tribunal ( ITAT ) directed re adjudication after considering the documentary evidence related to the genuine activities of assessee trust. The...
![ITAT directs Re adjudication after considering Documentary Evidence related to Genuine Activities of Assessee Trust [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/ITAT-Re-adjudication-Documentary-Evidence-Genuine-Activities-Assessee-Trust-taxscan.jpg "ITAT directs Re adjudication after considering Documentary Evidence related to Genuine Activities of Assessee Trust [Read Order]")
Income Tax Authorities fails to discuss difference in Sundry Creditors before Confirming Addition u/s 41(1): ITAT remands Matter to AO [Read Order]
The Hyderabad bench of the Income Tax Appellate Tribunal ( ITAT ) remanded the matter to the Assessing Officer ( AO ) after noting that the Income Tax Authorities failed to discuss the difference in...
![Income Tax Authorities fails to discuss difference in Sundry Creditors before Confirming Addition u/s 41(1): ITAT remands Matter to AO [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/ITAT-income-tax-Income-tax-authorities-Sundry-creditors-AO-TAXSCAN.jpg "Income Tax Authorities fails to discuss difference in Sundry Creditors before Confirming Addition u/s 41(1): ITAT remands Matter to AO [Read Order]")
Taxpayer entitles to Deduction for CENVAT Credit Written Off out of Assets acquired from GAPAIL through Slump Sale: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) ruled that the taxpayer was entitled to a deduction for the Central Value Added Tax ( CENVAT ) credit written off from assets acquired...
![Taxpayer entitles to Deduction for CENVAT Credit Written Off out of Assets acquired from GAPAIL through Slump Sale: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/ITAT-ITAT-Delhi-CENVAT-CENVAT-Credit-Central-Value-Added-Tax-Tax-news-Taxscan.jpg "Taxpayer entitles to Deduction for CENVAT Credit Written Off out of Assets acquired from GAPAIL through Slump Sale: ITAT [Read Order]")
Section 249(4)(b) does not Apply when there is No question of Advance Tax in Income Tax Reassessment Proceedings: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) ruled that Section 249(4)(b) of Income Tax Act, 1961 does not apply when there is no question of advance tax payment in the income tax...
![Section 249(4)(b) does not Apply when there is No question of Advance Tax in Income Tax Reassessment Proceedings: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Income-tax-Reassessment-Proceedings-Income-Tax-Reassessment-taxscan.jpg "Section 249(4)(b) does not Apply when there is No question of Advance Tax in Income Tax Reassessment Proceedings: ITAT [Read Order]")
Company’s book, Including Manual Cash book, deemed Non-Incriminating u/s 153A of Income Tax Act: ITAT deletes S.69 Addition [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) deleted the Section 69 addition, ruling that the company’s books, including the manual cash book, were deemed non-incriminating under...
![Company’s book, Including Manual Cash book, deemed Non-Incriminating u/s 153A of Income Tax Act: ITAT deletes S.69 Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/ITAT-income-tax-company-books-Manual-cash-books-section-69-income-tax-act-TAXSCAN.jpg "Company’s book, Including Manual Cash book, deemed Non-Incriminating u/s 153A of Income Tax Act: ITAT deletes S.69 Addition [Read Order]")