![ITAT Dismisses Income Tax Dept Appeal for Lack of Valid Approval in Reassessment Proceedings [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/ITAT-Dismisses-Income-Tax-Dept-Appeal-ITAT-Income-Tax-Department-Appeal-Lack-of-Valid-Approval-in-Reassessment-Proceedings-Reassessment-Proceedings-Reassessment-Taxscan.jpg "ITAT Dismisses Income Tax Dept Appeal for Lack of Valid Approval in Reassessment Proceedings [Read Order]")
ITAT Dismisses Income Tax Dept Appeal for Lack of Valid Approval in Reassessment Proceedings [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has dismissed an appeal filed by the Income Tax Department (ITD) against an order of the...
![Suspension of CIRP u/s 10A of IBC applies to Due Defaulted on 31/3/2020: NCLAT allows Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Suspension-of-CIRP-CIRP-IBC-NCLAT-allows-Appeal-NCLAT-Appeal-Suspension-Taxscan.jpg "Suspension of CIRP u/s 10A of IBC applies to Due Defaulted on 31/3/2020: NCLAT allows Appeal [Read Order]")
![Excess Stocks should Represent Income from Undisclosed Sources: Orissa HC Dismisses Appeal by Income Tax Department [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Excess-Stocks-Represent-Income-Undisclosed-Sources-Orissa-HC-Appeal-Income-Tax-Department-TAXSCAN.jpg "Excess Stocks should Represent Income from Undisclosed Sources: Orissa HC Dismisses Appeal by Income Tax Department [Read Order]")
![No Recovery of Refunded Cess Amount by Revenue Department: J&K and Ladakh HC dismisses Appeal Filed with Delay of 1488 days [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/No-Recovery-of-Refunded-Cess-Amount-Refunded-Cess-Amount-Revenue-Department-Jammu-and-Kashmir-and-Ladakh-High-Court-Appeal-Filed-taxscan.jpg "No Recovery of Refunded Cess Amount by Revenue Department: J&K and Ladakh HC dismisses Appeal Filed with Delay of 1488 days [Read Order]")
![Appeal failed in absence of Name of Assesee in Form 26AS: ITAT allows to Make Necessary Corrections [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Appeal-Name-Assesee-Form-26AS-ITAT-Necessary-Corrections-TAXSCAN.jpg "Appeal failed in absence of Name of Assesee in Form 26AS: ITAT allows to Make Necessary Corrections [Read Order]")
Mere Mistake in Form 35 does not result in Deficient Appeal: ITAT grants another Opportunity to rectify Mistake [Read Order]
The Indore bench of the Income Tax Appellate Tribunal (ITAT) held that the mere mistake in form 35 does not result in a deficient appeal hence allowed one more opportunity to the assessee to rectify...
![Mere Mistake in Form 35 does not result in Deficient Appeal: ITAT grants another Opportunity to rectify Mistake [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Mere-Mistake-Appeal-Mere-Mistake-in-Form-35-does-not-result-in-Deficient-Appeal-ITAT-taxscan.jpg "Mere Mistake in Form 35 does not result in Deficient Appeal: ITAT grants another Opportunity to rectify Mistake [Read Order]")
No scope for Reassessment on issue which is Subject Matter of Appeal before Appellate Authority: ITAT [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal (ITAT) held that as per provisions of 3rd proviso to Section 147 of the Income Tax Act, 1961, the Assessing Officer (AO) may assessee or...
![No scope for Reassessment on issue which is Subject Matter of Appeal before Appellate Authority: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Reassessment-Subject-Matter-of-Appeal-Appeal-Appellate-Authority-ITAT-Income-Tax-taxscan.jpg "No scope for Reassessment on issue which is Subject Matter of Appeal before Appellate Authority: ITAT [Read Order]")
Mandatory 10% Pre-deposit for Filing GST Appeal is not Possible if Bank Account is Freezed: AP HC Condones Delay of 25 days [Read Order]
- “The right of appeal which is created under statute is a substantive right of the party that cannot be denied by taking pedantic view” In a major decision the Andhra Pradesh High Court condoned...
![Mandatory 10% Pre-deposit for Filing GST Appeal is not Possible if Bank Account is Freezed: AP HC Condones Delay of 25 days [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Mandatory-Pre-deposit-Filing-GST-Appeal-Bank-Account-Freezed-AP-HC-Condones-Delay-TAXSCAN.jpg "Mandatory 10% Pre-deposit for Filing GST Appeal is not Possible if Bank Account is Freezed: AP HC Condones Delay of 25 days [Read Order]")
Power to Transfer Appeals is vested with Respective Benches of ITAT, and not with President: ITAT Dismisses Appeal [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) has dismissed an appeal filed by the revenue, i.e. the Income Tax Department, challenging the order of the Bangalore bench of the ITAT....
![Power to Transfer Appeals is vested with Respective Benches of ITAT, and not with President: ITAT Dismisses Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Transfer-Appeals-Appeal-Power-to-Transfer-Appeals-Respective-Benches-ITAT-ITAT-Dismisses-Appeal-Taxscan.jpg "Power to Transfer Appeals is vested with Respective Benches of ITAT, and not with President: ITAT Dismisses Appeal [Read Order]")
TNMM is Suitable Method for Determining ALP for International Transactions Concerning Indenting-Transactions: Delhi HC dismisses Appeal [Read Order]
The Delhi High Court dismissed appeal and observed that Transaction Net Margin Method (TNMM) is suitable method for determining Arm’s Length Price (ALP) for international transactions concerning...
![TNMM is Suitable Method for Determining ALP for International Transactions Concerning Indenting-Transactions: Delhi HC dismisses Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/TNMM-TNMM-is-Suitable-Method-for-Determining-ALP-for-International-Transactions-ALP-International-Transactions-Indenting-Transactions-Delhi-High-Court-Taxscan.jpg "TNMM is Suitable Method for Determining ALP for International Transactions Concerning Indenting-Transactions: Delhi HC dismisses Appeal [Read Order]")
LIBOR is appropriate Benchmarking Rate for determining ALP on outbound Loan Transactions: ITAT dismisses Appeal [Read Order]
The Income Tax Appellate Tribunal (ITAT) Delhi Bench ruled that LIBOR is appropriate benchmarking rate for determining Arm's Length Price (ALP) on outbound loan transactions. Therefore, the bench...
![LIBOR is appropriate Benchmarking Rate for determining ALP on outbound Loan Transactions: ITAT dismisses Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/LIBOR-appropriate-Benchmarking-Rate-ALP-outbound-Loan-Transactions-ITAT-Appeal-taxscan.jpg "LIBOR is appropriate Benchmarking Rate for determining ALP on outbound Loan Transactions: ITAT dismisses Appeal [Read Order]")
Failure to follow Mandatory Procedure laid down u/s 144C of Income Tax Act for Passing Draft Assessment Order: ITAT allows Appeal [Read Order]
The Income Tax Appellate Tribunal (ITAT) Mumbai Bench by allowing appeal filed by the assessee held that the Assessing officer failed to follow the mandatory procedure laid down under Section 144C of...
![Failure to follow Mandatory Procedure laid down u/s 144C of Income Tax Act for Passing Draft Assessment Order: ITAT allows Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Failure-follow-Procedure-Income-Tax-Act-Passing-Assessment-Order-TAXSCAN.jpg "Failure to follow Mandatory Procedure laid down u/s 144C of Income Tax Act for Passing Draft Assessment Order: ITAT allows Appeal [Read Order]")