![Additional Claim towards Customs Duty not allowable u/s 43B of Income Tax Act as Assessee not Obliged to Pay Customs Duty: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Additional-Claim-Claim-Customs-Duty-Income-Tax-Act-Pay-Customs-Duty-Assessee-ITAT-taxscan.jpg "Additional Claim towards Customs Duty not allowable u/s 43B of Income Tax Act as Assessee not Obliged to Pay Customs Duty: ITAT [Read Order]")
Additional Claim towards Customs Duty not allowable u/s 43B of Income Tax Act as Assessee not Obliged to Pay Customs Duty: ITAT [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) has held that the additional claim towards the customs duty not allowable under Section...
![No addition can be made on value of purchase of Lands are recorded Books of Account of Assessee: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/value-of-purchase-of-lands-purchase-of-lands-addition-Books-of-Account-of-Assessee-Books-of-Account-Assessee-taxscan.jpg "No addition can be made on value of purchase of Lands are recorded Books of Account of Assessee: ITAT [Read Order]")
![No Income Tax Addition can be made if Assessee Successfully Demonstrated Source of Cash Deposits in Bank Account during Demonitization Period: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Income-Tax-Addition-Assessee-Demonstrated-Source-of-Cash-Deposits-Cash-Deposits-Demonstrated-Source-Bank-Account-Demonitization-Period-ITAT-taxscan.jpg "No Income Tax Addition can be made if Assessee Successfully Demonstrated Source of Cash Deposits in Bank Account during Demonitization Period: ITAT [Read Order]")
![Deduction u/s 80G of Income Tax Act can be claimed when Assessee satisfies all the Conditions: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Deduction-Income-Tax-Act-Assessee-Conditions-ITAT-taxscan.jpg "Deduction u/s 80G of Income Tax Act can be claimed when Assessee satisfies all the Conditions: ITAT [Read Order]")
![Deeming Provision of Section 69 doesnt apply when Assessee provides a proper Explanation regarding Unrecorded Sale: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Deeming-Provision-Assessee-proper-Explanation-Unrecorded-Sale-ITAT-TAXSCAN.jpg "Deeming Provision of Section 69 doesnt apply when Assessee provides a proper Explanation regarding Unrecorded Sale: ITAT [Read Order]")
Foreign Assignment Allowance received by assessee for services rendered outside India shall not be taxed in India: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) Hyderabad bench held that foreign assignment allowances received by the assessee during the employment for his company for services rendered outside...
![Foreign Assignment Allowance received by assessee for services rendered outside India shall not be taxed in India: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Foreign-Assignment-Allowance-received-assessee-services-rendered-outside-India-taxed-India-ITAT-TAXSCAN.jpg "Foreign Assignment Allowance received by assessee for services rendered outside India shall not be taxed in India: ITAT [Read Order]")
Penalty Notice Issued u/s 274 of Income Tax Act not Specifying Charge against Assessee is Invalid: ITAT [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) held that show cause notice issued by the Assessing Officer (AO) under Section 274 read with Section 271(1)(c) of the Income Tax Act,1961 is...
![Penalty Notice Issued u/s 274 of Income Tax Act not Specifying Charge against Assessee is Invalid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Penalty-Notice-Income-Tax-Act-Specifying-Charge-Assessee-ITAT-taxscan.jpg "Penalty Notice Issued u/s 274 of Income Tax Act not Specifying Charge against Assessee is Invalid: ITAT [Read Order]")
Failure of AO in Presentation of Requisite Materials Proves Successful Discharge of Onus Casted upon Assessee: ITAT deletes Addition [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) held that Under Section 68 of the Income Tax Act, 1961, the assessee is required to establish (a) identity (b) Genuineness of the...
![Failure of AO in Presentation of Requisite Materials Proves Successful Discharge of Onus Casted upon Assessee: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Failure-of-AO-AO-Presentation-of-Requisite-Materials-Requisite-Materials-Discharge-of-Onus-Assessee-ITAT-deletes-Addition-ITAT-Taxscan.jpg "Failure of AO in Presentation of Requisite Materials Proves Successful Discharge of Onus Casted upon Assessee: ITAT deletes Addition [Read Order]")
Unawareness of Assessee towards New Faceless System cannot be Reason for Huge Addition: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) held that the assessee was not aware of the new faceless system and was dependent upon the authorised representative who could not follow...
![Unawareness of Assessee towards New Faceless System cannot be Reason for Huge Addition: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Unawareness-of-Assessee-Assessee-Unawareness-Faceless-System-New-Faceless-System-Reason-for-Huge-Addition-Huge-Addition-Addition-ITAT-taxscan.jpg "Unawareness of Assessee towards New Faceless System cannot be Reason for Huge Addition: ITAT [Read Order]")
Deletion of Income Tax Addition on the Ground of Incomplete Material Evidence against Assessee: ITAT restores Matter to CIT(A) [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal (ITAT) held that the Commissioner of Income Tax (Appeals) [CIT (A)] has not adjudicated the issues on merits thus restored the matter to the CIT(A)...
![Deletion of Income Tax Addition on the Ground of Incomplete Material Evidence against Assessee: ITAT restores Matter to CIT(A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Deletion-Income-Tax-Incomplete-Material-Evidence-Assessee-ITAT-CITA-TAXSCAN.jpg "Deletion of Income Tax Addition on the Ground of Incomplete Material Evidence against Assessee: ITAT restores Matter to CIT(A) [Read Order]")
Breaking: Illegal Depriving of VAT Refund: Delhi HC Directs Dept to Refund Rs. 6.62 Crore to Flipkart in 3 Weeks, Quashes “Arbitrary” Order [Read Order]
In a major relief to the e-commerce giant Flipkart India, a two-judge bench of the Delhi High Court has quashed an order adjusting a sum of Rs. 10 crore of VAT refund and directed the VAT department...
![Breaking: Illegal Depriving of VAT Refund: Delhi HC Directs Dept to Refund Rs. 6.62 Crore to Flipkart in 3 Weeks, Quashes “Arbitrary” Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Illegal-Depriving-of-VAT-Refund-VAT-Delhi-High-Court-Delhi-High-Court-Directs-Dept-to-Refund-Rs.-6.62-Crore-Flipkart-Taxscan.jpg "Breaking: Illegal Depriving of VAT Refund: Delhi HC Directs Dept to Refund Rs. 6.62 Crore to Flipkart in 3 Weeks, Quashes “Arbitrary” Order [Read Order]")