![No Late Fee u/s 234E for Failure to file TDS / TCS Return prior to 1st June 2015: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Budget-2021-Rate-of-TDS-TCS-Non-Filers-of-Returns-Taxscan.jpeg "No Late Fee u/s 234E for Failure to file TDS / TCS Return prior to 1st June 2015: ITAT [Read Order]")
No Late Fee u/s 234E for Failure to file TDS / TCS Return prior to 1st June 2015: ITAT [Read Order]
The Agra bench of the ITAT, comprising of Shri Anil Chaturvedi, Accountant Member And Sh. Laliet Kumar, Judicial Member has held that the late fee...
![AO under guise of Power to re-open Assessment can’t undertake a Fishing or Roving Inquiry or seek to verify the claim like a Scrutiny Officer: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/01/AO-Quise-of-power-re-open-Assessment-Fishing-Roving-inquiry-Scrutiny-Officer-ITAT-Taxscan.jpg "AO under guise of Power to re-open Assessment can’t undertake a Fishing or Roving Inquiry or seek to verify the claim like a Scrutiny Officer: ITAT [Read Order]")
![Reopening of Assessment can’t be made on Mere Suspicion in absence of any Evidence alleging escapement of Income during Assessment: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/09/Reopening-of-assessment-ITAT-Taxscan.jpeg "Reopening of Assessment can’t be made on Mere Suspicion in absence of any Evidence alleging escapement of Income during Assessment: ITAT [Read Order]")
![No Income Tax Applicable on Income earned from sale of investment: ITAT grants relief to Oriental Insurance [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/07/Income-Tax-Income-sale-of-investment-ITAT-Oriental-Insurance-Taxscan.jpg "No Income Tax Applicable on Income earned from sale of investment: ITAT grants relief to Oriental Insurance [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]")
ITAT deletes Addition for Unexplained Cash Transaction as duly explained by Assessee through Sale of Land reflected in Bank Account
The Income Tax Appellate Tribunal (ITAT), Delhi Bench deleted the addition for unexplained Cash transaction as duly explained by Assessee through sale of land reflected in bank account. The...
No Disallowance of Depreciation can be made if Invoice for Car Purchase could not be produced: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench ruled that no disallowance of depreciation can be made, if invoice for car purchase could not be produced. The assessee company, Delhi Call...
![No Disallowance of Depreciation can be made if Invoice for Car Purchase could not be produced: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/disallowance-of-depreciation-invoice-car-purchase-ITAT-Taxscan-2.jpg "No Disallowance of Depreciation can be made if Invoice for Car Purchase could not be produced: ITAT [Read Order]")
ITAT deletes addition, since Loan Transaction was suspected without pointing any defect in Bank Transfer, Bank Statement of Money Lender [Read Order]
The Income Tax Appellate Tribunal (ITAT) deleted the addition confirmed by the Lower Authorities without pointing any defect in the bank transfer and bank statement of the moneylender. The...
![ITAT deletes addition, since Loan Transaction was suspected without pointing any defect in Bank Transfer, Bank Statement of Money Lender [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/bank-transfer-1.jpg "ITAT deletes addition, since Loan Transaction was suspected without pointing any defect in Bank Transfer, Bank Statement of Money Lender [Read Order]")
![Relief to Havells India: ITAT allows deduction u/s 80IC on the interest income [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/01/Havells-India-ITAT-deduction-interest-income-Taxscan.jpeg "Relief to Havells India: ITAT allows deduction u/s 80IC on the interest income [Read Order]")
![ITAT quashes Assessment since Reasons recorded were wrong, non-existing and incorrect facts [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/01/ITAT-Quashes-Assessment-incorrect-facts-Taxscan.jpeg "ITAT quashes Assessment since Reasons recorded were wrong, non-existing and incorrect facts [Read Order]")
ITAT deletes disallowance as the Payments were not chargeable to Tax as Employees of AEs working for Taxpayer [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench deleted the disallowance under Section 40(a)(i) as the payments were not chargeable to tax as employees of Associated Enterprises (AEs) working...
![ITAT deletes disallowance as the Payments were not chargeable to Tax as Employees of AEs working for Taxpayer [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/12/ITAT-disallowance-payments-employees-of-AEs-taxpayer-Taxscan.jpg "ITAT deletes disallowance as the Payments were not chargeable to Tax as Employees of AEs working for Taxpayer [Read Order]")
Outward Freight in India except Import Freight be not considered for adjustment as it doesn't operate from transaction perspective: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), New Delhi Bench held that outward freight in India except import freight should not be considered for adjustment as it does not operate from a transaction...
![Outward Freight in India except Import Freight be not considered for adjustment as it doesnt operate from transaction perspective: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/12/Outward-freight-in-India-import-freight-transaction-perspective-ITAT-Michelin-Taxscan.jpg "Outward Freight in India except Import Freight be not considered for adjustment as it doesnt operate from transaction perspective: ITAT [Read Order]")