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Profit and Loss Account

Section 43B - ITAT ruling - Income Tax Act - taxscan
S.43B Disallowance not Applicable When No Deduction Claimed and Liability Reported as Current Liability: ITAT [Read Order]
May 1, 2025
Income Tax - Income Tax Act - ITAT - Income Tax Commissioner - Tax Neutrality - TAXSCAN
Addition u/s 68 of Income Tax Act Unjustified Due to Incorrect Tax Neutrality: ITAT Sets Aside CIT(A) Order [Read Order]
August 21, 2024
Income Tax - ITAT AO issues - Opening Balance - TAXSCAN
ITAT Restores Case to AO for Proper Verification of Rs. 18.5 Lakhs Unexplained Cash Additions from Opening Balance and Unsecured Loans [Read Order]
August 21, 2024
ITAT - ITAT Delhi - Income tax - Consignment sale - Profit and loss account - Food grains consignment sale - taxscan
No addition shall made when Commission earned from Consignment Sale of Foodgrains are reflected in P&L Account: ITAT [Read Order]
March 13, 2024
CESTAT - PLA payment - Profit and Loss Account - Excise duty demand - Excise payment - taxscan
Payment through PLA: CESTAT quashes Excise Duty Demand as barred by limitation [Read Order]
March 5, 2024
Disallowance - Contingent -Liability - Entertained as - P-L Account-ITAT-TAXSCAN
Disallowance of Contingent Liability shall not be Entertained as it does not form part of P&L Account: ITAT [Read Order]
August 20, 2023
adherence - RBI - Audit- Report - Professional- Misconduct-ICAI - CA -TAXSCAN
Non adherence to RBI Circular Prior to Issue of Audit Report is Professional Misconduct: ICAI Reprimands CA along with Fine of Rs 1 lakh
August 10, 2023
ITAT - ITAT Weekly Round-Up - Round-Up - Weekly Round-Up - Taxscan
ITAT Weekly Round-Up
May 8, 2023
No TDS - TDS - Income Tax Act - Income Tax Act for Expenditure claimed - Expenditure - Expenditure claimed - Debited - Profit & Loss Account under head - Profit & Loss Account - Commission - ITAT - taxscan
No TDS u/s 194H of Income Tax Act for Expenditure claimed to have been Debited to Profit & Loss Account under head “Commission”: ITAT
May 5, 2023
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