![Penalty u/s 271 alone will not Stand after Deletion of 54F Disallowance: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Penalty-Disallowance-ITAT-taxscan.jpg "Penalty u/s 271 alone will not Stand after Deletion of 54F Disallowance: ITAT [Read Order]")
Penalty u/s 271 alone will not Stand after Deletion of 54F Disallowance: ITAT [Read Order]
The Pune Bench of Income Tax Appellate Tribunal ( ITAT ) has held that penalty u/s 271 alone will not stand after deletion 54F disallowance. The...
![ITAT directs to adopt Peak Calculation Method to Compute Profit from Unaccounted Cash Sales and Remand matter back to AO [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/ITAT-Peak-Calculation-Method-Profit-Cash-Sales-AO-taxscan.jpg "ITAT directs to adopt Peak Calculation Method to Compute Profit from Unaccounted Cash Sales and Remand matter back to AO [Read Order]")
![SIDC eligible for S. 80IA Deduction in respect of Interest on Land Premium on Industrial Parks: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/SIDC-Interest-Land-Premium-Industrial-Parks-ITAT-taxscan.jpg "SIDC eligible for S. 80IA Deduction in respect of Interest on Land Premium on Industrial Parks: ITAT [Read Order]")
![Assessee failed to provide Call Log Details to prove Telephone Expenses: ITAT upholds Disallowance [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Assessee-Call-Log-Details-Telephone-Expenses-ITAT-Disallowance-taxscan.jpg "Assessee failed to provide Call Log Details to prove Telephone Expenses: ITAT upholds Disallowance [Read Order]")
![Once Concessional Tax Rate and Form D was granted it cannot be taken back as it Violates Principles of Legitimate Expectation: Calcutta HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Concessional-Tax-Rate-Form-D-Violates-Principles-Legitimate-Expectation-Calcutta-HC-Taxscan.jpg "Once Concessional Tax Rate and Form D was granted it cannot be taken back as it Violates Principles of Legitimate Expectation: Calcutta HC [Read Order]")
![A Mistake would not disentitle Assessee from a Lawful Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Mistake-Assessee-Lawful-Expenditure-ITAT-Taxscan.jpg "A Mistake would not disentitle Assessee from a Lawful Expenditure: ITAT [Read Order]")
Allahabad HC directs GST Dept. to Refund the Amount Unlawfully Collected along with Interest on Delayed Refund [Read Order]
The division bench of Allahabad High Court presided by Mr. Justice Surya Prakash Kesarwani and Mr. Justice Jayant Banerji has directs department to refund the amount unlawfully collected along with...
![Allahabad HC directs GST Dept. to Refund the Amount Unlawfully Collected along with Interest on Delayed Refund [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Allahabad-High-Court-department-Refund-Delayed-Refund-Taxscan.jpg "Allahabad HC directs GST Dept. to Refund the Amount Unlawfully Collected along with Interest on Delayed Refund [Read Order]")
Writ Jurisdiction can be invoked in Exceptional Circumstances: Calcutta HC refuses to Quash Assessment Order under WB Agricultural Income Tax Act [Read Order]
The Calcutta High Court has held that Writ Jurisdiction can be invoked in exceptional circumstances and refuses to quash assessment order under West Bengal Agricultural Income Tax Act. The...
![Writ Jurisdiction can be invoked in Exceptional Circumstances: Calcutta HC refuses to Quash Assessment Order under WB Agricultural Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Writ-Jurisdiction-Exceptional-Circumstances-Calcutta-HC-Assessment-Order-WB-Agricultural-Income-Tax-Act-Taxscan.jpeg "Writ Jurisdiction can be invoked in Exceptional Circumstances: Calcutta HC refuses to Quash Assessment Order under WB Agricultural Income Tax Act [Read Order]")
CIT(A) shall condone Delay and Dispose Appeal on Merits Unless Assessee acted in a Malafide Manner: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad bench has held that the Commissioner (Appeals) shall condone the delay and dispose the appeal on merits if the assessee has not acted in a malafide...
![CIT(A) shall condone Delay and Dispose Appeal on Merits Unless Assessee acted in a Malafide Manner: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/CITA-condone-Delay-Dispose-Appeal-Merits-Unless-Assessee-acted-Malafide-Manner-ITAT-Taxscan.jpeg "CIT(A) shall condone Delay and Dispose Appeal on Merits Unless Assessee acted in a Malafide Manner: ITAT [Read Order]")
Amount Received from Indian Associate for ‘Support Service’ is not 'Fees for included Services' and not liable to Tax: ITAT [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal ( ITAT ) has held that amount received from Indian Associate for ‘Support Service’ is not 'Fees for Included Services' and not liable to tax. The...
![Amount Received from Indian Associate for ‘Support Service’ is not Fees for included Services and not liable to Tax: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Indian-Associate-Support-Service-Fees-Tax-ITAT-Taxscan.jpg "Amount Received from Indian Associate for ‘Support Service’ is not Fees for included Services and not liable to Tax: ITAT [Read Order]")
Power to grant Stay under Telangana VAT Act is Discretionary, Shall be Exercised in a Fair and Judicious Manner balancing Interest of both Sides: Telangana HC [Read Order]
A division bench of the Telangana High Court has held that the power of the authorities under the Telangana VAT Act, 2005 is discretionary and the same shall be exercised in a fair and judicious...
![Power to grant Stay under Telangana VAT Act is Discretionary, Shall be Exercised in a Fair and Judicious Manner balancing Interest of both Sides: Telangana HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Telangana-VAT-Act-Interest-Telangana-HC-taxscan.jpeg "Power to grant Stay under Telangana VAT Act is Discretionary, Shall be Exercised in a Fair and Judicious Manner balancing Interest of both Sides: Telangana HC [Read Order]")
![The Term Sufficient Cause shall Interpret Liberally: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Sufficient-Cause-Interpret-Liberally-ITAT-Taxscan.jpg "The Term Sufficient Cause shall Interpret Liberally: ITAT [Read Order]")