![Provisions of Section 41(1) cannot apply when liability is still payable to Sundry Creditor and not written off in Books of Account: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/liability-still-payable-Books-of-Account-ITAT-TAXSCAN.jpeg "Provisions of Section 41(1) cannot apply when liability is still payable to Sundry Creditor and not written off in Books of Account: ITAT [Read Order]")
Provisions of Section 41(1) cannot apply when liability is still payable to Sundry Creditor and not written off in Books of Account: ITAT [Read Order]
The Kolkata Bench of the Income Tax Appellate Tribunal (ITAT), held that Provisions of section 41(1) of the Income Tax Act, 1961 cannot apply when...
![Notice u/s 148 issued based on Incomplete Information without any Verification: ITAT quashes Assessment Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Notice-on-Incomplete-Information-Verification-ITAT-Assessment-Order-TAXSCAN.jpg "Notice u/s 148 issued based on Incomplete Information without any Verification: ITAT quashes Assessment Order [Read Order]")
![Cash found in Locker belongs to Mother of Assessee: ITAT deletes Income Tax Addition on Unexplained Cash [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Cash-found-Assessee-ITAT-Income-Tax-Unexplained-Cash-TAXSCAN.jpeg "Cash found in Locker belongs to Mother of Assessee: ITAT deletes Income Tax Addition on Unexplained Cash [Read Order]")
![Disallowance u/s 14 A is not permissible When Assessee does not have Exempt Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Disallowance-Assessee-Exempt-Income-ITAT-taxscan.jpg "Disallowance u/s 14 A is not permissible When Assessee does not have Exempt Income: ITAT [Read Order]")
![Benefit for Sick Company u/s 115 JB not Available When Net Worth has Turned Positive: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Sick-Company-Available-When-Net-Worth-has-Turned-Positive-ITAT-TAXSCAN.jpg "Benefit for Sick Company u/s 115 JB not Available When Net Worth has Turned Positive: ITAT [Read Order]")
Consideration received on Relinquishment of Property Rights to Father of Assessee taxable as Capital Gains: ITAT [Read Order]
The Banglore Bench of the Income Tax Appellate Tribunal (ITAT) comprising Judicial Member Beena Pillai and Accountant Member Chandra Poojari has recently held that the consideration received by the...
![Consideration received on Relinquishment of Property Rights to Father of Assessee taxable as Capital Gains: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Consideration-received-Relinquishment-Property-Rights-Assessee-taxable-Capital-Gains-ITAT-TAXSCAN-1.jpg "Consideration received on Relinquishment of Property Rights to Father of Assessee taxable as Capital Gains: ITAT [Read Order]")
Non-consideration of Partnership Deed and Supplementary Deed furnished by Assessee: ITAT sets aside Assessment Order [Read Order]
The New Delhi Bench of the Income Tax Appellate Tribunal (ITAT), set aside assessment order as there was no proper of the Partnership Deed and the Supplementary Deed furnished by assessee. The...
![Non-consideration of Partnership Deed and Supplementary Deed furnished by Assessee: ITAT sets aside Assessment Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/consideration-Partnership-Supplementary-Assessee-ITAT-Assessment-Order-TAXSCAN.jpg "Non-consideration of Partnership Deed and Supplementary Deed furnished by Assessee: ITAT sets aside Assessment Order [Read Order]")
Non-Compliance with Notice issued as Assessee not well versed with Electronic Gadgets: ITAT restores to CIT(A) [Read Order]
The Non-compliance with the notice issued for hearing, as the assessee is not well versed with electronic gadgets, the Surat Bench of the Income Tax Appellate Tribunal (ITAT) restored the matter for...
![Non-Compliance with Notice issued as Assessee not well versed with Electronic Gadgets: ITAT restores to CIT(A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Notice-issued-Assessee-Electronic-Gadgets-ITAT-restores-CITA-TAXSCAN-1.jpeg "Non-Compliance with Notice issued as Assessee not well versed with Electronic Gadgets: ITAT restores to CIT(A) [Read Order]")
![ITAT quashes Assessment Order on Non-Service of Notice to relevant Address of Assessee [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/ITAT-Assessment-Order-Assessee-taxscan.jpg "ITAT quashes Assessment Order on Non-Service of Notice to relevant Address of Assessee [Read Order]")
Contract by Exclusive Dealer of Bentley Cars with Indian Customers for Extended Warranty does not create a PE: ITAT [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has recently held that, a contract for extending the warranty of Bentley Cars, entered into by the exclusive dealer with the customers in...
![Contract by Exclusive Dealer of Bentley Cars with Indian Customers for Extended Warranty does not create a PE: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Exclusive-Dealer-Bentley-Cars-Indian-Customers-Extended-Warranty-ITAT-TAXSCAN.jpg "Contract by Exclusive Dealer of Bentley Cars with Indian Customers for Extended Warranty does not create a PE: ITAT [Read Order]")
![Relief to Facebook: ITAT directs to conduct enquiry on deduction of TDS [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Facebook-ITAT-enquiry-deduction-TDS-TAXSCAN.jpg "Relief to Facebook: ITAT directs to conduct enquiry on deduction of TDS [Read Order]")
Non-Submission of Proof of TDS deducted while Claiming Freight and Carriage Charges: ITAT upholds Disallowance [Read Order]
The Income Tax Appellate Tribunal (ITAT), has recently, in an appeal filed before it, upheld disallowance on account of non- submission of proof of TDS deducted while claiming freight and carriage...
![Non-Submission of Proof of TDS deducted while Claiming Freight and Carriage Charges: ITAT upholds Disallowance [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/TDS-Freight-and-Carriage-Charges-ITAT-Taxscan.jpg "Non-Submission of Proof of TDS deducted while Claiming Freight and Carriage Charges: ITAT upholds Disallowance [Read Order]")