![ITAT directs AO to Disallow Asian Paints Consulting Fee to Paid for Feasibility Study Report Extent Only for Home Improvement and Decor Business Expenditure [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Asian-Paints-Furnish-Necessary-Details-Claim-of-Sundry-Balances-Written-Off-ITAT-Documents-TAXSCAN.jpg "ITAT directs AO to Disallow Asian Paints Consulting Fee to Paid for Feasibility Study Report Extent Only for Home Improvement and Decor Business Expenditure [Read Order]")
ITAT directs AO to Disallow Asian Paints' Consulting Fee to Paid for Feasibility Study Report Extent Only for Home Improvement and Decor Business Expenditure [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) has directed the Assessing Officer to disallow Asian Paints' consulting fee paid for a...
![Contempt Petition: Bombay HC directs to pay Balance Amount of Rs.4,52,600/-compensation to Petitioner within Two Weeks [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Bombay-High-Court-tax-news-taxscan.jpeg "Contempt Petition: Bombay HC directs to pay Balance Amount of Rs.4,52,600/-compensation to Petitioner within Two Weeks [Read Order]")
![Non Filling of Part-B of E-Way Bill, without any proof of Intention to Evade Tax, would not Lead to Imposition of Penalty: Allahabad HC allows Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/E-Way-Bill-Evade-Tax-Imposition-of-Penalty-Allahabad-HC-Appeal-taxscan.jpg "Non Filling of Part-B of E-Way Bill, without any proof of Intention to Evade Tax, would not Lead to Imposition of Penalty: Allahabad HC allows Appeal [Read Order]")
![Himachal Pradesh HC disposes Revision Petition by directing re adjudication with respect to Order of ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Himachal-Pradesh-HC-Revision-Petition-directing-re-adjudication-ITAT-taxscan.jpg "Himachal Pradesh HC disposes Revision Petition by directing re adjudication with respect to Order of ITAT [Read Order]")
Taxpayer Explains Source of Capital Enhancement in balance sheet: ITAT deletes addition of 89. 7 Lakhs u/s 68 of Income Tax Act [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) deleted the addition of 89.7 Lakhs under Section 68 of the Income Tax Act, 1961 after the taxpayer provided an explanation for the source...
![Taxpayer Explains Source of Capital Enhancement in balance sheet: ITAT deletes addition of 89. 7 Lakhs u/s 68 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Income-Tax-Act-ITAT-Delhi-Section-68-of-the-Income-Tax-Act-TAXSCAN.jpg "Taxpayer Explains Source of Capital Enhancement in balance sheet: ITAT deletes addition of 89. 7 Lakhs u/s 68 of Income Tax Act [Read Order]")
Faceless Personal Hearing is mandatory u/s 144B(6)(8) of Income Tax Act if Requested: Madras HC Interprets term ‘Shall’
In a recent ruling, the Madras High Court has ruled that the faceless personal hearing is mandatory under Section 144B(6)(8) of Income Tax Act, 1961 if requested. The court interpreted the ‘Shall’ in...
Failure to file ITR on Grounds of Illness and Demise of CA: Madras HC Condones Delay of 927 Days [Read Order]
In a recent ruling, the Madras High Court condoned the delay of 927 days. The court considered the failure to file the Income Tax Returns ( ITR ) on grounds of illness and subsequent demise of the...
![Failure to file ITR on Grounds of Illness and Demise of CA: Madras HC Condones Delay of 927 Days [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Madras-High-Court-ITR-madras-high-court-rule-CA-taxscan.jpg "Failure to file ITR on Grounds of Illness and Demise of CA: Madras HC Condones Delay of 927 Days [Read Order]")
Madras HC orders Rectification of Income Tax Assessment Order w.r.t. Addition on Sale Consideration based on DVO's Report [Read Order]
The Madras High Court directed the assessing officer to rectify the Income Tax Assessment order with regards to the sale consideration based on the District Valuation Officer’s ( DVO ) report. The...
![Madras HC orders Rectification of Income Tax Assessment Order w.r.t. Addition on Sale Consideration based on DVOs Report [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Madras-HC-Rectification-Income-Tax-Assessment-Order-Sale-Consideration-DVOs-Report-taxscan.jpg "Madras HC orders Rectification of Income Tax Assessment Order w.r.t. Addition on Sale Consideration based on DVOs Report [Read Order]")
Demand in Computation Sheet and Notice cannot be Sustained if Income Tax Assessment Order does not Propose Addition: Madras HC [Read Order]
The Madras High Court ruled that the demand in the computation sheet and the demand notice cannot be sustained if the income tax assessment order did not propose any additions. The bench quashed the...
![Demand in Computation Sheet and Notice cannot be Sustained if Income Tax Assessment Order does not Propose Addition: Madras HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Madras-hc-madras-high-court-income-tax-income-tax-acts-income-tax-rules.jpg "Demand in Computation Sheet and Notice cannot be Sustained if Income Tax Assessment Order does not Propose Addition: Madras HC [Read Order]")
![No Capital Gain Tax on Transfer of Share by way of Gift: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Bombay-high-court-capital-asset-Income-Tax-Act-capital-asset-taxscan-.jpg "No Capital Gain Tax on Transfer of Share by way of Gift: Bombay HC [Read Order]")