![ITAT directs AO to verify Fabricated Financial Statements with respect to Share Application Money in P/L Account [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Chennai-Income-Tax-Financial-Statements-TAXSCAN.jpg "ITAT directs AO to verify Fabricated Financial Statements with respect to Share Application Money in P/L Account [Read Order]")
ITAT directs AO to verify Fabricated Financial Statements with respect to Share Application Money in P/L Account [Read Order]
The Chennai bench Income Tax Appellate Tribunal ( ITAT ) recently directed the Assessing Officer ( AO )to verify the fabricated financial statements...
![TDS on Salary paid to all Categories of Doctors shall be covered u/s 194J of Income Tax Act, not Section 192: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Delhi-Income-tax-TDS-TDS-on-salary-Doctor-Salary-TDS-Doctor-salary-taxation-taxscan.jpg "TDS on Salary paid to all Categories of Doctors shall be covered u/s 194J of Income Tax Act, not Section 192: ITAT [Read Order]")
![Salary paid by Indian Company to Non-Resident for service rendered outside India is not Taxable in India: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Salary-Salary-paid-by-Indian-Company-to-Non-Resident-Indian-Company-ITAT-taxscan.jpg "Salary paid by Indian Company to Non-Resident for service rendered outside India is not Taxable in India: ITAT [Read Order]")
![ITAT directs to compute Income earned from Sale of Property u/s 45(2) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Chennai-Income-tax-Sale-of-Property-Property-sale-income-TAXSCAN.jpg "ITAT directs to compute Income earned from Sale of Property u/s 45(2) of Income Tax Act [Read Order]")
![Section 2(22) of Income Tax Act cannot be invoked against Non-Beneficiary Shareholders in company receiving Company Loans: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Kolkata-Income-tax-Company-Loans-Shareholders-TAXSCAN.jpg "Section 2(22) of Income Tax Act cannot be invoked against Non-Beneficiary Shareholders in company receiving Company Loans: ITAT [Read Order]")
Dispute on Remittance of Employees Contribution towards Provident Fund and ESI: ITAT directs re-adjudication [Read Order]
The Chennai bench Income Tax Appellate Tribunal ( ITAT ) directs readjudication due to the dispute with respect to the remittance of employees contribution towards the provident fund and Employee...
![Dispute on Remittance of Employees Contribution towards Provident Fund and ESI: ITAT directs re-adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Chennai-Income-tax-Provident-Fund-ESI-Employee-State-Insurance-taxscan.jpg "Dispute on Remittance of Employees Contribution towards Provident Fund and ESI: ITAT directs re-adjudication [Read Order]")
![No Interest on delayed realization of export proceeds from AEs: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Interest-delayed-realization-export-proceeds-from-AEs-ITAT-TAXSCAN.jpg "No Interest on delayed realization of export proceeds from AEs: ITAT [Read Order]")
Pondy Bazaar Asst. Commissioner drops GST Post-Audit Demand worth ₹31.81 Cr, drops Total Demand to Rs. 65k for FY 2018-19 and FY 2019-20
In a significant adjudication, the Assistant Commissioner of Sales Tax, Pondy Bazaar has dropped Goods and Services Tax ( GST ) Demand amounting to Rs. 31.81 Crores to Rs. 65,000 for the Financial...
Deadline Alert: Trusts/Institutions must Submit Correct Income Tax Audit Report (Form 10B or 10BB) by March 31, 2024
The Central Board of Direct Taxes ( CBDT ) has issued a reminder regarding trusts and institutions that may have inadvertently submitted their Audit Reports on or before October 31st 2023 in the...
AO solely relies on DDIT Report for 15 Crores Income Escapement: ITAT quashes Reassessment Order [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) has invalidated a reassessment order as the Assessing Officer's sole reliance on DDIT report for the alleged 15 crore income escapement...
![AO solely relies on DDIT Report for 15 Crores Income Escapement: ITAT quashes Reassessment Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-Delhi-ITAT-Income-Tax-DDIT-Deputy-Director-of-Income-Tax-Income-escapement-assessment-Taxscan.jpg "AO solely relies on DDIT Report for 15 Crores Income Escapement: ITAT quashes Reassessment Order [Read Order]")
ITAT dismisses Reassessment as AO fails to Pass Assessment Order within 4 weeks from Rejection of Taxpayers' Objection [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) dismissed reassessment as Assessing Officer ( AO ) failed to pass assessment Order within 4 weeks from rejection of taxpayers' objection....
![ITAT dismisses Reassessment as AO fails to Pass Assessment Order within 4 weeks from Rejection of Taxpayers Objection [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-Reassessment-AO-Pass-Assessment-Order-Rejection-Taxpayers-Objection-TAXSCAN.jpg "ITAT dismisses Reassessment as AO fails to Pass Assessment Order within 4 weeks from Rejection of Taxpayers Objection [Read Order]")
TDS filing Delayed due to Paucity of Funds and Interest Duly Paid: ITAT deletes Penalty u/s 272(2)(k) [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) deleted the penalty under section 272(2)(k) of the Income Tax Act, 1961 as Tax Deduction at Source ( TDS ) Â filing was delayed due to...
![TDS filing Delayed due to Paucity of Funds and Interest Duly Paid: ITAT deletes Penalty u/s 272(2)(k) [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Delhi-Income-Tax-TDS-TDS-filing-taxscan.jpg "TDS filing Delayed due to Paucity of Funds and Interest Duly Paid: ITAT deletes Penalty u/s 272(2)(k) [Read Order]")