ITAT quashes Ex-Parte Assessment Order passed without considering Valuation Report u/s 12A of Income Tax Act [Read Order]
The Hyderabad bench of the Income Tax Appellate Tribunal ( ITAT ) quashed the ex parte assessment order passed without considering the Valuation report under Section 12A of the Income Tax Act, 1961. The single-member
CESTAT Weekly Round-Up
This weekly round-up analytically summarizes the key stories of the Customs, Excise, and Service Tax Appellate Tribunal ( CESTAT ) reported at taxscan.in, from  March 16, 2024 to March 22,2024 Relief to BSNL , Cenvat
CESTAT Weekly Round-Up
This weekly round-up analytically summarizes the key stories of the Customs, Excise, and Service Tax Appellate Tribunal ( CESTAT ) reported at taxscan.in, from  March 3, 2024 to March 15,2024 No Service Tax leviable on
Capital Gain Deductions aren’t just for Property Owners: Here’s How you and your spouse can benefit
When it comes to capital gains tax, many people automatically think of property transactions. Investing in property is a significant financial decision, and many couples opt to buy property in one spouse's name. While this
Explanation 3(a) to Sec.65(44) does not apply to members of Club /Association which are Incorporated: CESTAT [Read Order]
In the recent case, the Hyderabad bench of the Customs, Excise And Service Tax Appellate Tribunal ( CESTAT ) has held that Explanation 3(a) to Sec.65(44)of the Finance Act does not apply to members of
Central Govt issues Posting Orders for 40 new ITAT Members across Nation: Who are they
The Central Government has appointed 40 new members to the Income Tax Appellate Tribunal ( ITAT ) bench across the nation. The government has provided the list of names of the members appointed which includes
AAR and AAAR Weekly Round Up
This roundup analytically summarizes the stories related to the Goods and Services Tax Authority for Advance Ruling ( AAR ) and Appellate Authority for Advance Ruling ( AAAR ) that were published at Taxscan.in. During
ITAT Weekly Round Up
This is the weekly round of the Income Tax Appellate Tribunal ( ITAT ) that were published at Taxscan.in from February 24, 2024 to March 1, 2024 are analytically summarized in this Round-Up. Gross Turnover
ITAT directs readjudication on accounts addition made under Excess Receipts from Contract Works [Read Order]
Hyderabad Bench of Income Tax Appellate Tribunal ( ITAT ), directed readjudication on accounts of addition made under excess receipts from contracts works. The bench during the adjudication observed that the Revenue authorities have failed to
Case Digest on Tax Refund under Income Tax Act
Income tax refund means a refund amount that is initiated by the income tax department if the amount paid in taxes exceeds the actual amount due (either by way of TDS or TCS or Advance
ITAT Weekly Round-Up
The stories on the Income Tax Appellate Tribunal ( ITAT ) that were published at Taxscan.in from February 17, 2024 to February 23, 2024 are analytically summarized in this Round-Up. Permitting right to use Brand
Father’s Gift to son substantiated with Evidence: ITAT directs AO to delete addition on Agricultural Income [Read Order]
The single member bench of the Income Tax Appellate Tribunal ( ITAT ), Hyderabad, directed the Assessing Officer (AO) to delete the addition of agricultural income, substantiating that the father's gift to his son was
CESTAT Weekly Round-Up
This weekly round-up analytically summarizes the key stories of the Customs, Excise, and Service Tax Appellate Tribunal ( CESTAT ) reported at taxscan.in, from February 10, 2024 to  February 16, 2024. Premium Amount Received cannot
ITAT Weekly Round Up
The stories on the Income Tax Appellate Tribunal ( ITAT ) that were published at Taxscan.in from February 9, 2024 to February 16, 2024 are analytically summarized in this Round-Up. Disallowance made on basis of
Moratorium u/s 14 of IBC imposed legal ‘Embargo’ not only on Financial Creditors but on any other person for Sale of Assets in CIRP: NCLT [Read Order]
The Hyderabad bench of the National Company Law Tribunal ( NCLT ) has held that a Moratorium under section 14 of the Insolvency Bankruptcy Code ( IBC ),2016 imposed a legal 'Embargo' not only on