![Failure to Prove Non-disclosure and Reasons for Reopening Assessment: Bombay HC quashes Proceedings u/s 148 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Failure-Failure-to-Prove-Non-disclosure-and-Reasons-for-Reopening-Assessment-Non-disclosure-Bombay-High-Court-taxscan.jpeg "Failure to Prove Non-disclosure and Reasons for Reopening Assessment: Bombay HC quashes Proceedings u/s 148 of Income Tax Act [Read Order]")
Failure to Prove Non-disclosure and Reasons for Reopening Assessment: Bombay HC quashes Proceedings u/s 148 of Income Tax Act [Read Order]
“There is not even a whisper in the entire communication trail as to what was not disclosed”, the Bombay High Court observed while quashing the...
![Govt Grants Received in Lieu of FRP need not be Reduced from Cost of Capital Assets: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Govt-Grants-Received-in-Lieu-of-FRP-FRP-Cost-Cost-of-Capital-Assets-ITAT-taxscan.jpg "Govt Grants Received in Lieu of FRP need not be Reduced from Cost of Capital Assets: ITAT [Read Order]")
![Services Rendered by Non-resident Agent for completion of Export Commitment would not be Fee for Technical Services: ITAT directs Re-computation under Partly allowed Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Services-Services-rendered-by-non-resident-agent-non-resident-agent-export-commitment-technical-services-ITAT-taxscan.jpg "Services Rendered by Non-resident Agent for completion of Export Commitment would not be Fee for Technical Services: ITAT directs Re-computation under Partly allowed Appeal [Read Order]")
![Relief to Honda : ITAT Deletes Disallowance on Signage Expenses and Sale Tools Expenses [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Relief-Honda-ITAT-Disallowance-Expenses-Sale-Tools-Expenses-TAXSCAN.jpg "Relief to Honda : ITAT Deletes Disallowance on Signage Expenses and Sale Tools Expenses [Read Order]")
![Section 56(2)(vii)(3) of Income Tax Act Not Applicable for Bonus Shares: ITAT quashes Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Income-Tax-Act-Applicable-Bonus-Shares-ITAT-Appeal-TAXSCAN-1.webp "Section 56(2)(vii)(3) of Income Tax Act Not Applicable for Bonus Shares: ITAT quashes Appeal [Read Order]")
Assessee unable to Comply to the Notices of Higher Authorities as it was Sent at Incorrect Address: ITAT Deletes Penalty u/s 271(1)(b) of Income Tax Act [Read Order]
The Jaipur Bench of Income Tax Appellate Tribunal (ITAT) held the assessee was deprived off to contest the case before the lower authorities being not receipt of notices at the correct address...
![Assessee unable to Comply to the Notices of Higher Authorities as it was Sent at Incorrect Address: ITAT Deletes Penalty u/s 271(1)(b) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Assessee-unable-Comply-Notices-Higher-Authorities-Sent-Incorrect-Address-ITAT-Penalty-Income-Tax-Act-TAXSCAN.jpg "Assessee unable to Comply to the Notices of Higher Authorities as it was Sent at Incorrect Address: ITAT Deletes Penalty u/s 271(1)(b) of Income Tax Act [Read Order]")
Assessee cannot be Treated Differently when Cost of Improvement made by Co Worker has been Accepted U/S 143(3): ITAT [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) that when the same claim of cost of improvement made by the co-owner has been accepted, then the assessee cannot be treated...
![Assessee cannot be Treated Differently when Cost of Improvement made by Co Worker has been Accepted U/S 143(3): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Assessee-Assessee-cannot-be-treated-differently-when-cost-of-improvement-ITAT-taxscan.jpeg "Assessee cannot be Treated Differently when Cost of Improvement made by Co Worker has been Accepted U/S 143(3): ITAT [Read Order]")
No addition can be made on completed assessment in absence of Incriminating Material found during course of Search: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) Chennai bench held that no addition could be made on completed assessment in absence of the incriminating material found during the course of search. ...
![No addition can be made on completed assessment in absence of Incriminating Material found during course of Search: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/No-addition-No-addition-can-be-made-on-completed-assessment-in-absence-of-Incriminating-Material-assessment-in-absence-of-Incriminating-Material-Incriminating-Material-ITAT-taxscan.jpg "No addition can be made on completed assessment in absence of Incriminating Material found during course of Search: ITAT [Read Order]")
Corpus Contribution to Donee related to CSR Activities Eligible to Deduction u/s 80G of Income Tax Act: ITAT directs AO to Verify Genuineness of Facts [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has directed the (Assessing Officer) to verify the genuineness of facts holding that the corpus contribution to the donee related to Corporate...
![Corpus Contribution to Donee related to CSR Activities Eligible to Deduction u/s 80G of Income Tax Act: ITAT directs AO to Verify Genuineness of Facts [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/CSR-Activities-Corpus-Contribution-Deduction-Income-Tax-Act-AO-ITAT-taxscan.jpg "Corpus Contribution to Donee related to CSR Activities Eligible to Deduction u/s 80G of Income Tax Act: ITAT directs AO to Verify Genuineness of Facts [Read Order]")
Fringe Benefits Tax is Allowable as Deduction in Computing Book Profit as per Section 115JB of Income Tax Act: ITAT [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) held that according to CBDT vide Circular No. 8/2005, the fringe benefit tax is an allowable deduction in computing book profit as per Section...
![Fringe Benefits Tax is Allowable as Deduction in Computing Book Profit as per Section 115JB of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Fringe-Benefits-Tax-Allowable-Deduction-Computing-Book-Profit-Income-Tax-Act-ITAT-TAXSCAN.jpg "Fringe Benefits Tax is Allowable as Deduction in Computing Book Profit as per Section 115JB of Income Tax Act: ITAT [Read Order]")
ITAT directs AO to treat Building Expenditure part of Surrendered Income already disclosed during Survey as Business Income, sets aside application of S. 69 r.w.s 115BBE [Read Order]
The Amritsar Bench of Income Tax Appellate Tribunal (ITAT) has set aside the application under Section 69 read with Section 115BBE of the Income Tax Act 1961 directing the Assessing Officer (AO) to...
![ITAT directs AO to treat Building Expenditure part of Surrendered Income already disclosed during Survey as Business Income, sets aside application of S. 69 r.w.s 115BBE [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/ITAT-AO-Building-Expenditure-Surrendered-Income-Survey-Business-Income-TAXSCAN.jpg "ITAT directs AO to treat Building Expenditure part of Surrendered Income already disclosed during Survey as Business Income, sets aside application of S. 69 r.w.s 115BBE [Read Order]")
Undisclosed Income Taxed in a Flagship Company cannot be Taxed again when applied as Share Capital in Another Company: Delhi HC [Read Order]
In a recent judgment, the Delhi High Court noted that the undisclosed income in question, which is the matter of the current dispute, has already been subjected to taxation in the accounts of the...
![Undisclosed Income Taxed in a Flagship Company cannot be Taxed again when applied as Share Capital in Another Company: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Undisclosed-Income-Taxed-Flagship-Company-Taxed-applied-Share-Capital-Company-Delhi-HC-TAXSCAN.jpg "Undisclosed Income Taxed in a Flagship Company cannot be Taxed again when applied as Share Capital in Another Company: Delhi HC [Read Order]")