The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has rejected the claim for the deduction of expenditure on a masala grinder and toaster, as reported under capital expenditure in the tax audited report.

The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) directed the Assessing Officer ( AO ) to conduct a fresh assessment due to the inadequacy of the inquiry into the source of

In a major relief to Oxfam India, the Delhi High Court stayed income tax department’s order cancelling tax exemption. The counsel representing the respondents, took a preliminary objection to the maintainability of the writ petitions

The Customs officials at the Rajiv Gandhi International Airport ( RGIA ) in Hyderabad successfully intercepted and seized 5.92 kg of smuggled heroin valued at Rs. 41 crore. The official release on Sunday detailed the

The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) has granted relief to Bajaj Auto Ltd by allowing a deduction under Section 40(a) (i) of the Income Tax Act 1961, for expenditures

The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) directed the Assessing Officer ( AO ) to conduct a fresh assessment due to the inadequacy of the inquiry into the source of

The Bangalore bench of the Income Tax Appellate Tribunal ( ITAT ) allowed the claim of deduction under Section 80 C of Income Tax Act 1961 interest on housing loan property. In response to the

The Jharkhand High Court quashed the orders on the ground that the disposal of revision application by the Additional Commissioner in undue haste. Despite dropping the review proceedings, D.C.C.T, submitted a letter/application dated under Section

ICAI New Scheme of Education and Training CA Foundation Course Syllabus: The Institute of Chartered Accountants of India ( ICAI ) has designed a comprehensive syllabus for the CA Foundation Course, aimed at equipping aspiring

This weekly round-up analytically summarizes the key tax judgments of the Supreme Court and all High Courts reported at Taxscan.in during the previous week from January 13 to January 19, 2024, the last week of

Ghaziabad police have taken significant steps in response to allegations against 5 officials from the Directorate General of Goods and Services Tax Intelligence ( DGGI ) for reportedly demanding a bribe of Rs. 5 crore

The Delhi High Court issued a stay on the proceedings initiated by the National Financial Reporting Authority (NFRA) against the Chartered Accountant (CA) alleged to be involved in professional misconduct related to an income tax

The Interim Budget 2024 which was presented by FM Nirmala Sitharaman, was expected to make certain changes to the National Pension System ( NPS ). Experts suggest increasing the additional deduction for the NPS. The

The stories on the Income Tax Appellate Tribunal ( ITAT ) that were published at Taxscan.in from January 12, 2024 to January 19, 2024 are analytically summarized in this Round-Up. ITAT directs re adjudication in

The Ahmedabad bench of Customs, Excise and Service Tax Appellate Tribunal ( CESTAT ) quashed customs duty demand on printing papers and noted that the statements cannot be relied without cross-examination of witnesses. A case