![Interest on Fixed Deposits Assessable under the Head ‘Income from Other Source’: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/ITAT-Income-from-Other-Source-Fixed-Deposits-Assessee-taxscan.jpg "Interest on Fixed Deposits Assessable under the Head ‘Income from Other Source’: ITAT [Read Order]")
Interest on Fixed Deposits Assessable under the Head ‘Income from Other Source’: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chennai Bench, has recently, in an appeal filed before it, held that interest on fixed deposits is...
![Notice u/s 148 of Income Tax Act lacks record of ‘reasons to believe’ for initiating Proceedings: ITAT quashes Re-assessment Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Income-Tax-Act-reasons-to-believe-proceedings-ITAT-Re-assessment-Order-taxscan.jpg "Notice u/s 148 of Income Tax Act lacks record of ‘reasons to believe’ for initiating Proceedings: ITAT quashes Re-assessment Order [Read Order]")
![CESTAT quashes Excise Duty Demand, invalidates Restriction on Cenvat Credit Utilization during Default [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/CESTAT-CESTAT-Kolkata-Excise-Duty-Cenvat-credit-Central-Excise-Rules-Taxscan.jpg "CESTAT quashes Excise Duty Demand, invalidates Restriction on Cenvat Credit Utilization during Default [Read Order]")
![Enhancing Cash In hand without issuing SCN: Uttarakhand HC directs Re-adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/High-court-SCN-assessee-Uttarakhand-HC-taxscan.jpg "Enhancing Cash In hand without issuing SCN: Uttarakhand HC directs Re-adjudication [Read Order]")
Failure of Assessee to Maintain Books of Account will not Attract a Penalty under Section 271B for Non-Furnishing of Audit Report: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore Bench, has recently, in an appeal filed before it, held that a failure of the assessee to maintain the books of account will not attract penalty...
![Failure of Assessee to Maintain Books of Account will not Attract a Penalty under Section 271B for Non-Furnishing of Audit Report: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Failure-of-Assessee-to-Maintain-Books-of-Account-Books-of-Account-Assessee-Penalty-Non-Furnishing-of-Audit-Report-Audit-Report-ITAT-Taxscan.jpg "Failure of Assessee to Maintain Books of Account will not Attract a Penalty under Section 271B for Non-Furnishing of Audit Report: ITAT [Read Order]")
No Disallowance on Assumption of getting Future Tax Free Income from Investment made by assesee : ITAT deletes Addition [Read Order]
The Kolkata bench of Income Tax Appellate Tribunal (ITAT) has recently held that disallowance made on the assumption of getting future tax free income from the investment made by the...
![No Disallowance on Assumption of getting Future Tax Free Income from Investment made by assesee : ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/ITAT-Kolkata-Disallowance-Tax-Free-Income-assesee-Commissioner-of-Income-Tax-taxscan.jpg "No Disallowance on Assumption of getting Future Tax Free Income from Investment made by assesee : ITAT deletes Addition [Read Order]")
Suo motu Recovery of Credit by Assessee during Litigation: CESTAT Quashes SCN and Remands Matter [Read Order]
The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Ahmedabad Bench, has recently, in an appeal filed before it, with regard to the suo motu recovery of credit by the assessee during...
![Suo motu Recovery of Credit by Assessee during Litigation: CESTAT Quashes SCN and Remands Matter [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Suo-motu-Recovery-Suo-motu-Recovery-of-Credit-Suo-motu-Assessee-Litigation-Suo-motu-Recovery-of-Credit-by-Assessee-CESTAT-CESTAT-Quashes-SCN-and-Remands-Matter-CESTAT-Quashes-SCN-taxs.jpg "Suo motu Recovery of Credit by Assessee during Litigation: CESTAT Quashes SCN and Remands Matter [Read Order]")
Repair Work Inextricably connected with Prospecting, Extraction or Production of Mineral Oil Taxable u/s 44BB: ITAT [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has held that repair work inextricably connected with prosecting, extraction or production of mineral oil are taxable under Section 44B of the...
![Repair Work Inextricably connected with Prospecting, Extraction or Production of Mineral Oil Taxable u/s 44BB: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/mineral-oil-1.jpg "Repair Work Inextricably connected with Prospecting, Extraction or Production of Mineral Oil Taxable u/s 44BB: ITAT [Read Order]")
![Death of Assessee shall not abate Income Tax Appellate Proceedings as per Rule 26:ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/ITAT-Ahmedabad-Assessee-Income-Tax-taxscan.jpg "Death of Assessee shall not abate Income Tax Appellate Proceedings as per Rule 26:ITAT [Read Order]")
Recovery of SAD Refund is not valid when Assessee compiled with all conditions under Refund Notification: CESTAT [Read Order]
In a recent case, the Ahmedabad bench of the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) has held that the recovery of a Special Additional Duty (SAD) refund is not valid when...
![Recovery of SAD Refund is not valid when Assessee compiled with all conditions under Refund Notification: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/CESTAT-Ahmedabad-SAD-Assessee-Refund-Recovery-taxscan.jpg "Recovery of SAD Refund is not valid when Assessee compiled with all conditions under Refund Notification: CESTAT [Read Order]")
Courts shall not go strictly by the Rulebook to deny Justice to Deserving Litigant as it would lead to Miscarriage of Justice: ITAT [Read Order]
The Jaipur bench of Income Tax Appellate Tribunal (ITAT), recently by observing the decision of Supreme Court, held that courts should not go strictly by the rulebook to deny justice to deserving...
![Courts shall not go strictly by the Rulebook to deny Justice to Deserving Litigant as it would lead to Miscarriage of Justice: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/ITAT-Supreme-Court-CITA-Courts-taxscan.jpg "Courts shall not go strictly by the Rulebook to deny Justice to Deserving Litigant as it would lead to Miscarriage of Justice: ITAT [Read Order]")