![Business Loss cannot be disallowed as AO has not Rejected Books of Accounts: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Business-loss-AO-books-of-accounts-ITAT-taxscan.jpg "Business Loss cannot be disallowed as AO has not Rejected Books of Accounts: ITAT [Read Order]")
Business Loss cannot be disallowed as AO has not Rejected Books of Accounts: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad held that business loss cannot be disallowed as Assessing Officer has not rejected books of...
![Failure to file Form No.10B Electronically: ITAT upholds Denial of Exemption claimed u/s 11 and 12 [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Form-No.10B-ITAT-claim-taxscan.jpeg "Failure to file Form No.10B Electronically: ITAT upholds Denial of Exemption claimed u/s 11 and 12 [Read Order]")
![Re-Assessment Framed for Escapement of Income by Share Trading Business which does not belong to Assessee: ITAT sets aside proceedings u/s 147 [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Re-assessment-income-business-assessee-ITAT-taxscan.jpeg "Re-Assessment Framed for Escapement of Income by Share Trading Business which does not belong to Assessee: ITAT sets aside proceedings u/s 147 [Read Order]")
![Relief to China Steel Corporation: CESTAT allows Automatic Refund of EDD [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/China-Steel-Corporation-CESTAT-Automatic-Refund-EDD-Taxscan.jpeg "Relief to China Steel Corporation: CESTAT allows Automatic Refund of EDD [Read Order]")
![Claim of setoff of Business Losses against Speculative Income is allowable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/business-losses-speculative-income-ITAT-taxscan.jpg "Claim of setoff of Business Losses against Speculative Income is allowable: ITAT [Read Order]")
![Addition of Unexplained Cash will sustain when genuineness of Transaction not proven: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/unexplained-cash-genuineness-of-transaction-ITAT-taxscan.jpg "Addition of Unexplained Cash will sustain when genuineness of Transaction not proven: ITAT [Read Order]")
CESTAT upholds Benefit of Duty Exemption on Import of Aircraft for Non-Scheduled (passenger) Services [Read Order]
The Customs, Excise, and Service Tax Appellate Tribunal (CESTAT), Ahmedabad Bench has upheld the benefit of duty exemption on the import of aircraft for non-scheduled (passenger) services. The...
![CESTAT upholds Benefit of Duty Exemption on Import of Aircraft for Non-Scheduled (passenger) Services [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/CESTAT-Duty-Exemption-Import-Aircraft-Non-Scheduled-Services-taxscan.jpg "CESTAT upholds Benefit of Duty Exemption on Import of Aircraft for Non-Scheduled (passenger) Services [Read Order]")
Replacement of Parts of Rolling Mill Rolls in Course of Working is Revenue Expenditure: ITAT [Read Order]
Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench consisting of P.M. Jagtap, Vice President and Siddhartha Nautiyal, Judicial Member held that Replacement of parts of Rolling Mill Rolls in course...
![Replacement of Parts of Rolling Mill Rolls in Course of Working is Revenue Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Replacement-Rolling-Mill-Rolls-revenue-expenditure-ITAT-taxscan.jpeg "Replacement of Parts of Rolling Mill Rolls in Course of Working is Revenue Expenditure: ITAT [Read Order]")
![Employee Welfare Expenses cannot be included in Fringe Benefits Tax: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Employee-Welfare-Expenses-Fringe-Benefits-Tax-ITAT-taxscan.jpg "Employee Welfare Expenses cannot be included in Fringe Benefits Tax: ITAT [Read Order]")
Loan to Director due to Urgent need of Finance in Company, reflected in Books will not attract S. 269SS: ITAT deletes Penalty
The Income Tax Appellate Tribunal (ITAT), Ahmedabad bench has held that the loan to the Director due to urgent need of finance in the Company which is duly reflected in the journal entries will not...
Demand of Service Tax on basis of TDS /26AS Statements/ 3CD Statements not sustainable: CESTAT [Read Order]
Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Ahmedabad bench consisting of Ramesh Nair, Judicial Member and Raju, Technical Member held penalty imposed not sustainable on the ground...
![Demand of Service Tax on basis of TDS /26AS Statements/ 3CD Statements not sustainable: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/service-tax-TDS-CESTAT-penalty-taxscan.jpeg "Demand of Service Tax on basis of TDS /26AS Statements/ 3CD Statements not sustainable: CESTAT [Read Order]")
Sale proceeds of Investment in Shares made as 'Investor' treated as 'Capital Gains’, not as 'Business Income': ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench has held that sale proceeds of investment in shares made as 'investor' are treated as 'capital gains’, not as 'business income'. The...
![Sale proceeds of Investment in Shares made as Investor treated as Capital Gains’, not as Business Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Investment-Investor-capital-gains-business-income-ITAT-taxscan.jpeg "Sale proceeds of Investment in Shares made as Investor treated as Capital Gains’, not as Business Income: ITAT [Read Order]")