![Issues relating to Territorial Jurisdiction cannot be decided on the Administrative Side of CESTAT: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/08/Delhi-High-Court-Tax-Scan.jpg "Issues relating to Territorial Jurisdiction cannot be decided on the Administrative Side of CESTAT: Delhi HC [Read Order]")
Issues relating to Territorial Jurisdiction cannot be decided on the Administrative Side of CESTAT: Delhi HC [Read Order]
Justices Sanjiv Khanna and Prathibha M Singh of Delhi High Court last week held that the issues relating to territorial jurisdiction cannot be decided...
![ITAT Confirms Re-Assessment ‘approved’ by Higher Authority than the Authority Prescribed in Section 151, Refuse to Follow Precedents [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/ITAT-Ahmedabad.jpg "ITAT Confirms Re-Assessment ‘approved’ by Higher Authority than the Authority Prescribed in Section 151, Refuse to Follow Precedents [Read Order]")
![Non-Disposal of Objections by the AO through a Separate Speaking Order would make Re-Assessment Invalid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/10/Assessment-Taxscan.jpg "Non-Disposal of Objections by the AO through a Separate Speaking Order would make Re-Assessment Invalid: ITAT [Read Order]")
![Madras HC Allows CST Exemption on Sale of Zip fasteners to Manufacturer & Exporter of Readymade Garment [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/06/Madras-High-Court-Tax-Scan-1.jpg "Madras HC Allows CST Exemption on Sale of Zip fasteners to Manufacturer & Exporter of Readymade Garment [Read Order]")
Penalty can’t be Levied for Disallowance of a Claim which was Debatable and Bonafide: ITAT [Read Order]
While dismissing the appeal filed by the revenue the Chandigarh bench of Income Tax Appellate Tribunal (ITAT) held that if disallowance of claim was debatable and bonafied then no penalty under...
![Penalty can’t be Levied for Disallowance of a Claim which was Debatable and Bonafide: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/12/No-Penalty-Taxscan.jpg "Penalty can’t be Levied for Disallowance of a Claim which was Debatable and Bonafide: ITAT [Read Order]")
Interest from Loan given to Sister Concern can’t be Set Off against Interest Paid to Bank: Kerala HC [Read Judgment]
High Court of Kerala recently declared that interest from loan given to sister concern cannot be set off against the interest paid by the assessee to his benkers for the purpose of eligible deduction...
![Interest from Loan given to Sister Concern can’t be Set Off against Interest Paid to Bank: Kerala HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/06/Kerala-High-Court-Tax-Scan.jpg "Interest from Loan given to Sister Concern can’t be Set Off against Interest Paid to Bank: Kerala HC [Read Judgment]")
ITAT Invalidates Addition made by way of Adjustment to ALP in respect of Transaction of Providing Guarantee to AE [Read Order]
The Income Tax Appellate Tribunal, Kolkata bench in its recent order ruled that Transaction of providing guarantee by the Assessee in respect of a loan taken by its AE constitute ‘International...
![ITAT Invalidates Addition made by way of Adjustment to ALP in respect of Transaction of Providing Guarantee to AE [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/ITAT-Chandigarh-Taxscan.jpg "ITAT Invalidates Addition made by way of Adjustment to ALP in respect of Transaction of Providing Guarantee to AE [Read Order]")
Non-Filing of C Form Declarations or Defects in it would not Attract Penalty under CST Act: Madras HC [Read Order]
The Madras High Court, in a recent ruling, held that non-filing of Form C declaration or certain defects in Form C declaration cannot be ground for levying penalty under section 9(2A) of the Central...
![Non-Filing of C Form Declarations or Defects in it would not Attract Penalty under CST Act: Madras HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/Madras-High-Court-Taxscan.jpg "Non-Filing of C Form Declarations or Defects in it would not Attract Penalty under CST Act: Madras HC [Read Order]")
Assessment can’t be Re-Opened When there is No Failure on the part of Assessee to Disclose Material facts: ITAT [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal recently declared that assessment cannot be re-opened by invoking sections 147/148 of the Income Tax Act when there is no failure on the part of the...
No Tax when there is only a Right under the Agreement to Receive Interest without reasonable certainty of Realization of the Same: ITAT [Read Order]
While dismissing the appeals of the Revenue the Jaipur bench of Income Tax Appellate Tribunal (ITAT), has recently held that if there is only a right to receive the interest under the agreement...
![No Tax when there is only a Right under the Agreement to Receive Interest without reasonable certainty of Realization of the Same: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/05/Interest-Taxscan.jpg "No Tax when there is only a Right under the Agreement to Receive Interest without reasonable certainty of Realization of the Same: ITAT [Read Order]")
