Begin typing your search above and press return to search.
![ITAT deletes Penalty u/s 270 A over Income Discrepancy Caused by Auditors Incorrect Recording of WDV in Tax Audit Report [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Completion-of-Audit-Audit-Furnishing-of-Tax-Audit-Report-Tax-Audit-Report-Assessment-Proceedings-ITAT-Penalty-Taxscan.jpg "ITAT deletes Penalty u/s 270 A over Income Discrepancy Caused by Auditors Incorrect Recording of WDV in Tax Audit Report [Read Order]")
ITAT deletes Penalty u/s 270 A over Income Discrepancy Caused by Auditors Incorrect Recording of WDV in Tax Audit Report [Read Order]
In a recent judgement, the Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) deleted the penalty under Section 270A of the Income Tax Act,...
![Disallowance of loss due to Incorrect Comprehension of Section 43(6) of Income Tax Act: ITAT upholds order of CIT(A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Disallowance-of-Loss-Incorrect-Comprehension-Income-Tax-Act-ITAT-CITA-taxscan.jpg "Disallowance of loss due to Incorrect Comprehension of Section 43(6) of Income Tax Act: ITAT upholds order of CIT(A) [Read Order]")
![Sale of Entire Business amounts to Slump Sale, Taxable under Capital Gain: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Sale-of-Entire-Business-amounts-Slump-Sale-Taxable-Capital-Gain-ITAT-Taxscan.jpg "Sale of Entire Business amounts to Slump Sale, Taxable under Capital Gain: ITAT [Read Order]")
WDV has to be Calculated When Assessee receives Income from Software Services related to Health Care, CIT(A) failed to quantify rate of Depreciation and WDV of Asset: ITAT
The Hyderabad bench of the Income Tax Appellate Tribunal(ITAT) has held that Written Down Value(WDV) has to be calculated when the assessee receives income from software services related to health...
![Depreciation u/s 32 not allowable to Car received as Gift to Firm: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Depreciation-Car-Gift-ITAT-Taxscan.jpeg "Depreciation u/s 32 not allowable to Car received as Gift to Firm: ITAT [Read Order]")
Subsidy received on Gross Value of Fixed Asset is not Deductible from Actual cost u/s 43(1): ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Kolkatta bench has held thata specified percentage of subsidy amount of gross value of the fixed asset as on the date of commercial production is not...
![Subsidy received on Gross Value of Fixed Asset is not Deductible from Actual cost u/s 43(1): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Subsidy-gross-value-Fixed-Asset-Actual-cost-ITAT-taxscan.jpeg "Subsidy received on Gross Value of Fixed Asset is not Deductible from Actual cost u/s 43(1): ITAT [Read Order]")
![RBI clarifies New criteria for classifying MSME [Read Circular]](https://www.taxscan.in/wp-content/uploads/2020/08/RBI-MSME-Taxscan.jpg "RBI clarifies New criteria for classifying MSME [Read Circular]")