![CESTAT Allows CENVAT Credit for SEZ Developer Supplies, Citing High Court Rulings & Export Treatment [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/CENVAT-Credit-CESTAT-SEZ-taxscan.jpg "CESTAT Allows CENVAT Credit for SEZ Developer Supplies, Citing High Court Rulings & Export Treatment [Read Order]")
CESTAT Allows CENVAT Credit for SEZ Developer Supplies, Citing High Court Rulings & Export Treatment [Read Order]
The Customs, Excise and Service Tax Appellate Tribunal ( CESTAT ), Chandigarh Bench, has allowed the appeal filed by the appellant, holding that...
![Land wrongly listed under prohibited properties due to attachment: Telangana HC directs authorities to act on de-notification request [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Telangana-High-Court-Telangana-High-Court-land-de-notification-case-TAXSCAN.jpg "Land wrongly listed under prohibited properties due to attachment: Telangana HC directs authorities to act on de-notification request [Read Order]")
![TPO cannot introduce new adjustment in current AY without consistency from prior years for identical transactions: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-TPO-Income-Tax-taxscan-1.jpg "TPO cannot introduce new adjustment in current AY without consistency from prior years for identical transactions: ITAT [Read Order]")
Central Government Excludes Aircraft-Related Transactions under the Purview of Section 14(1) of Insolvency and Bankruptcy Code [Read Notification]
The Ministry of Corporate Affairs, vide notification no. S.O. 4321(E) issued on 4th October 2023 has notified the exclusion of aircraft related transactions, arrangements or agreements under the...
Addition u/s 68 of Income Tax Act shall be made when Identity, Creditworthiness, and Genuineness of transactions are not satisfactorily explained by Assessee: ITAT [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) held that the addition under Section 68 of the Income Tax Act, 1961 shall be made when the identity, creditworthiness, and genuineness of...
![Addition u/s 68 of Income Tax Act shall be made when Identity, Creditworthiness, and Genuineness of transactions are not satisfactorily explained by Assessee: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Addition-Income-Tax-Act-Identity-Creditworthiness-Genuineness-of-transactions-satisfactorily-explained-by-Assessee-ITAT.jpg "Addition u/s 68 of Income Tax Act shall be made when Identity, Creditworthiness, and Genuineness of transactions are not satisfactorily explained by Assessee: ITAT [Read Order]")
CBDT notifies amendment in Transactions not regarded as Transfer u/s 47 of Income Tax Act [Read Notification]
The Central Board of Direct Taxes (CBDT) vide notification no. S.O. 3981(E) issued on 12th September 2023 has notified the amendment in the transaction not regarded as transfer under the Section 47...
Unsecured Loans and Share Application Money cannot be Bogus in the Absence of Evidence as to Identity and Creditworthiness of Creditors and Genuineness of Transaction: ITAT [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal (ITAT) has held that the unsecured loans and share application money could not be bogus in the absence of evidence as to identity and...
![Unsecured Loans and Share Application Money cannot be Bogus in the Absence of Evidence as to Identity and Creditworthiness of Creditors and Genuineness of Transaction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Loans-Share-Application-Money-Bogus-Absence-Evidence-Identity-Creditworthiness-Creditors-Genuineness-Transaction-ITAT-TAXSCAN.jpg "Unsecured Loans and Share Application Money cannot be Bogus in the Absence of Evidence as to Identity and Creditworthiness of Creditors and Genuineness of Transaction: ITAT [Read Order]")
Nature and Source of Unrecorded Transactions and Nexus with Business Proved: ITAT Quashes Revision Order [Read Order]
The Chandigarh Bench of Income Tax Appellate Tribunal (ITAT) held that no reasons were recorded by the PCIT (Principal Commissioner of Income Tax) for holding assessment order by AO (Assessing...
![Nature and Source of Unrecorded Transactions and Nexus with Business Proved: ITAT Quashes Revision Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Nature-Nature-and-Source-Nature-and-Source-of-Unrecorded-Transactions-Unrecorded-Transactions-Nexus-ITAT-taxscan.jpg "Nature and Source of Unrecorded Transactions and Nexus with Business Proved: ITAT Quashes Revision Order [Read Order]")
ITAT deletes Addition made u/s 69 of Income Tax Act without detecting material to establish Undisclosed Transactions involving Sale/Purchase of Gold in Cash outside Books of Accounts [Read Order]
The Income Tax Appellate Tribunal (ITAT) Delhi bench deleted additions made under Section 69 of the Income Tax Act, 1961 without detecting material to establish undisclosed transactions involving...
![ITAT deletes Addition made u/s 69 of Income Tax Act without detecting material to establish Undisclosed Transactions involving Sale/Purchase of Gold in Cash outside Books of Accounts [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/ITAT-ncome-Tax-Act-material-to-establish-Undisclosed-Transactions-involving-Sale-Purchase-of-Gold-in-Cash-outside-Books-of-Accounts-TAXSCAN.jpg "ITAT deletes Addition made u/s 69 of Income Tax Act without detecting material to establish Undisclosed Transactions involving Sale/Purchase of Gold in Cash outside Books of Accounts [Read Order]")