![Assessing Officer cannot make Disallowance on Hypothesis basis: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/ITAT-Assessing-Officer-disallowance-hypothesis-basis-Taxscan.jpeg "Assessing Officer cannot make Disallowance on Hypothesis basis: ITAT [Read Order]")
Assessing Officer cannot make Disallowance on Hypothesis basis: ITAT [Read Order]
The ITAT Delhi bench has held that the Assessing Officer cannot make disallowance merely on hypothesis basis without any reasonable ground. The...
![ITAT directs AO to Verify reconciliation chart of Cenvat Credit taken and utilized along with supporting Documentary Evidence [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/09/ITAT-AO-Cenvat-credit-Taxscan.jpeg "ITAT directs AO to Verify reconciliation chart of Cenvat Credit taken and utilized along with supporting Documentary Evidence [Read Order]")
![Addition for Unexplained Money can’t be made for mere disclosure of Receipt in two different Accounts: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/06/Unexplained-Money-ITAT-Taxscan.jpg "Addition for Unexplained Money can’t be made for mere disclosure of Receipt in two different Accounts: ITAT [Read Order]")
![Relief to Honda Motorcycle & Scooter India: ITAT directs AO to delete addition on Account of Export Commission [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/05/Honda-Motorcycle-ITAT-AO-export-commission-Taxscan.jpg "Relief to Honda Motorcycle & Scooter India: ITAT directs AO to delete addition on Account of Export Commission [Read Order]")
Interest on Late Payment of TDS does not constitute Business Expenditure: ITAT disallows Deduction [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench while disallowing the deduction held that the interest on Late Payment of TDS does not constitute Business Expenditure. The assessee, M/s. New...
![Interest on Late Payment of TDS does not constitute Business Expenditure: ITAT disallows Deduction [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/Interest-Late-Payment-TDS-Business-Expenditure-ITAT-Deduction-taxscan.jpg "Interest on Late Payment of TDS does not constitute Business Expenditure: ITAT disallows Deduction [Read Order]")
'Mere disallowance' of an Expense does not warrant a Penalty for filing inaccurate particulars of Income: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench ruled that “Mere disallowance” of an expense does not warrant a penalty for filing inaccurate particulars of income. The assessee, Ikea...
![Mere disallowance of an Expense does not warrant a Penalty for filing inaccurate particulars of Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/Mere-disallowance-expense-penalty-particulars-of-income-ITAT-Taxscan.jpg "Mere disallowance of an Expense does not warrant a Penalty for filing inaccurate particulars of Income: ITAT [Read Order]")
ITAT deletes disallowance on Medical Insurance Premium provided to Family Members of the Employees [Read Order]
The Income Tax Appellate Tribunal (ITAT), New Delhi Bench deleted the disallowance on medical insurance premium of the family members of the employees. The assessee, Loesche India Pvt. Ltd. has...
![ITAT deletes disallowance on Medical Insurance Premium provided to Family Members of the Employees [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/ITAT-disallowance-medical-insurance-premium-family-members-employees-Taxscan.jpeg "ITAT deletes disallowance on Medical Insurance Premium provided to Family Members of the Employees [Read Order]")
Relief to Hindustan Coca Cola: ITAT deletes additions of Rs. 20.89 Lakhs on account of passing of the expiry date of product [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench in a relief to Hindustan Coca Cola deleted the additions of Rs. 20.89 Lakhs on account of passing of the expiry date of the product. The...
![Relief to Hindustan Coca Cola: ITAT deletes additions of Rs. 20.89 Lakhs on account of passing of the expiry date of product [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/01/Relief-Hindustan-Coca-Cola-ITAT-expiry-date-of-product-taxscan.jpg "Relief to Hindustan Coca Cola: ITAT deletes additions of Rs. 20.89 Lakhs on account of passing of the expiry date of product [Read Order]")
Vodafone Idea not liable to deduct TDS on discount extended to its pre-paid distributors on distribution of prepaid services: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench held that the Vodafone Idea Ltd. is not liable to deduct TDS on discount extended to its pre-paid distributors on distribution of prepaid...
![Vodafone Idea not liable to deduct TDS on discount extended to its pre-paid distributors on distribution of prepaid services: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/01/Vodafone-Idea-deduct-TDS-discount-pre-paid-distributors-distribution-prepaid-services-ITAT-Taxscan.jpeg "Vodafone Idea not liable to deduct TDS on discount extended to its pre-paid distributors on distribution of prepaid services: ITAT [Read Order]")