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ITAT restores issue back to AO for fresh adjudication of deduction of TDS on payments made towards Suspense Service Expenses, Rent
The Income Tax Appellate Tribunal (ITAT), Allahabad Bench stores issue back to AO for denovo adjudication concerning the deduction of TDS on payments...
![ITAT directs matter to AO to examine afresh Rate of Gross Profit declared on Unaccounted Turnover [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/ITAT-AO-gross-profit-unaccounted-turnover-Taxscan.jpg "ITAT directs matter to AO to examine afresh Rate of Gross Profit declared on Unaccounted Turnover [Read Order]")
Mere Unrecognized Method followed by Assessee to Compute Taxable Income can’t be Estoppel: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore Bench ruled that a mere unrecognized method followed by the assessee to compute taxable income can not be estoppel. The assessee, M/s Monarch...
![Mere Unrecognized Method followed by Assessee to Compute Taxable Income can’t be Estoppel: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/Mere-unrecognized-compute-taxable-income-estoppel-ITAT-Taxscan-opengraph.jpeg "Mere Unrecognized Method followed by Assessee to Compute Taxable Income can’t be Estoppel: ITAT [Read Order]")
![Section 11 Exemption: ITAT remits the matter to AO for fresh consideration [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/Section-11-Exemption-ITAT-AO-fresh-consideration-Taxscan.jpeg "Section 11 Exemption: ITAT remits the matter to AO for fresh consideration [Read Order]")
![CESTAT frees M/S Shree rolling mill from Charge of Clandestine removal for want of Cogent evidence [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/CESTAT-MS-Shree-rolling-mill-clandestine-removal-cogent-evidence-taxscan.jpeg "CESTAT frees M/S Shree rolling mill from Charge of Clandestine removal for want of Cogent evidence [Read Order]")
Disallowance under S.40A(3) Income Tax Act not Allowed where Genuineness Of Transaction not Doubted: ITAT [Read Order]
The Income Tax Appellate Tribunal, Delhi Bench “D”, reverses application of Disallowance under Sec.40A(3) of Income Tax Act as the genuineness of the transaction was not doubted by the...
![Disallowance under S.40A(3) Income Tax Act not Allowed where Genuineness Of Transaction not Doubted: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/Disallowance-IT-Act-Genuineness-Of-Transaction-ITAT-Taxscan.jpeg "Disallowance under S.40A(3) Income Tax Act not Allowed where Genuineness Of Transaction not Doubted: ITAT [Read Order]")
RBI specifies entities as qualified Financial Market participants to deal in qualified Financial Contracts [Read Notification]
The Reserve Bank of India (RBI) specified entities as qualified financial market participants to deal in qualified financial contracts. In exercise of the powers conferred by clause (a) of...
![RBI specifies entities as qualified Financial Market participants to deal in qualified Financial Contracts [Read Notification]](https://www.taxscan.in/wp-content/uploads/2021/03/RBI-financial-market-participants-qualified-financial-contracts-taxscan.jpeg "RBI specifies entities as qualified Financial Market participants to deal in qualified Financial Contracts [Read Notification]")