![Delay of Filing Appeal can be Condoned when there is sufficient cause for not filing appeal within period of limitation: ITAT condones delay of 438 days [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/condoned-ITAT-Income-Tax-Appellate-Tribunal-assessee-limitation-Appeal-Filing-taxcsan.jpg "Delay of Filing Appeal can be Condoned when there is sufficient cause for not filing appeal within period of limitation: ITAT condones delay of 438 days [Read Order]")
Delay of Filing Appeal can be Condoned when there is sufficient cause for not filing appeal within period of limitation: ITAT condones delay of 438 days [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) held that the delay of filing an appeal can be condoned when there was any sufficient...
![Addition shall not be sustained solely on basis of AIR information and when Receipt declared by Assessee far exceeds the Amount: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/ITAT-AIR-information-exceeds-the-Amount-Income-Tax-Appellate-Tribunal-Income-Tax-Appellate-Annual-Information-Return-AIR-TAXSCAN.jpg "Addition shall not be sustained solely on basis of AIR information and when Receipt declared by Assessee far exceeds the Amount: ITAT [Read Order]")
![Provisional release of ‘any goods’ which are seized are Permitted u/s 110A of Customs Act: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Release-of-Goods.jpg "Provisional release of ‘any goods’ which are seized are Permitted u/s 110A of Customs Act: CESTAT [Read Order]")
![CESTAT Allows Provisional Release of Seized Crude Gold on ground of Non-inclusion of Prohibited Goods [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Release-of-Seized-Crude-Gold-Seized-Crude-Gold-Chennai-bench-of-the-Customs-Non-inclusion-of-Prohibited-Goods-Customs-Excise-and-Service-Tax-Appellate-Tribunal-CESTAT-TAXSCAN.jpg "CESTAT Allows Provisional Release of Seized Crude Gold on ground of Non-inclusion of Prohibited Goods [Read Order]")
![CESTAT Upholds Quashing of Penalty on Confiscation of Seized Gold Bar on ground of Absence of Smuggling of origin gold [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/CESTAT-Upholds-Quashing-Smuggling-of-origin-gold-Penalty-on-Confiscation-CESTAT-Customs-Gold-Bar-Confiscation-Taxscan.jpg "CESTAT Upholds Quashing of Penalty on Confiscation of Seized Gold Bar on ground of Absence of Smuggling of origin gold [Read Order]")
Customs Duty Demand on Import of Capital Goods without verifying EODC : CESTAT Directs Re-adjudication [Read Order]
The Chennai bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) directed the adjudicating authority for re-adjudication on the customs duty demand on the import of capital goods...
![Customs Duty Demand on Import of Capital Goods without verifying EODC : CESTAT Directs Re-adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Customs-Duty-Demand-on-Import-Import-of-Capital-Goods-without-verifying-EODC-EODC-CESTAT-Directs-Re-adjudication-Re-adjudication-CESTAT-Chennai-bench-of-the-Customs-TAXSCAN.jpg "Customs Duty Demand on Import of Capital Goods without verifying EODC : CESTAT Directs Re-adjudication [Read Order]")
Failure of assessee to explain allowability of freight expenditure and labour charges payable, claimed in closing stock: ITAT dismisses appeal [Read Order]
The Chennai Bench of Income tax Appellate Tribunal (ITAT) held that due to no explanation of assessee for allowability of freight expenditure and labour charges, claimed by assessee in closing stock....
![Failure of assessee to explain allowability of freight expenditure and labour charges payable, claimed in closing stock: ITAT dismisses appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Failure-of-assessee-freight-expenditure-labour-charges-closing-stock-ITAT-taxscan.jpg "Failure of assessee to explain allowability of freight expenditure and labour charges payable, claimed in closing stock: ITAT dismisses appeal [Read Order]")
Entries in books of account of Individual Entity Prior to Amalgamation cannot be part of additions made u/s 153A of IT Act in hands of assessee: ITAT deletes Addition [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench, held that entries in the books of account prior to amalgamation could not be part of additions made under Section 153A of the Income Tax Act,...
![Entries in books of account of Individual Entity Prior to Amalgamation cannot be part of additions made u/s 153A of IT Act in hands of assessee: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Entries-in-books-of-account-Individual-Entity-Amalgamation-IT-Act-ITAT-taxscan.jpg "Entries in books of account of Individual Entity Prior to Amalgamation cannot be part of additions made u/s 153A of IT Act in hands of assessee: ITAT deletes Addition [Read Order]")
CBDT notifies Tax Exemption to Income from Investment made in Netherland based Stichting Pensioenfonds ABP u/s 10(23FE) [Read Notification]
The Central Board of direct Taxes (CBDT), vide notification no. S.O. 4501(E) issued on 13th October 2023 has notified the Income Tax exemption to Netherland based Stichting Pensioenfonds ABP...
![CBDT notifies Tax Exemption to Income from Investment made in Netherland based Stichting Pensioenfonds ABP u/s 10(23FE) [Read Notification]](https://www.taxscan.in/wp-content/uploads/2023/10/CBDT-Tax-Exemption-Income-Investment-Netherland-based-Stichting-Pensioenfonds-ABP-taxscan.jpg "CBDT notifies Tax Exemption to Income from Investment made in Netherland based Stichting Pensioenfonds ABP u/s 10(23FE) [Read Notification]")
Assessee's case not being represented before authorities for registration of e-mail of replaced chartered accountant deserves another opportunity: ITAT [Read Order]
The Pune bench of the Income Tax Appellate Tribunal (ITAT) held that the matter be remitted to the file of the AO with a direction to pass the assessment order afresh as per law after allowing a...
![Assessees case not being represented before authorities for registration of e-mail of replaced chartered accountant deserves another opportunity: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Assessees-case-registration-e-mail-replaced-chartered-accountant-another-opportunity-ITAT-taxscan.jpg "Assessees case not being represented before authorities for registration of e-mail of replaced chartered accountant deserves another opportunity: ITAT [Read Order]")
Market Value of Ethylene should be considered for determining Cost of Sales of Domestic Industry on Import of ‘Mono Ethylene Glycol’: CESTAT [Read Order]
The New Delhi bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) held that while determining the cost sales of domestic industry on import of ‘Mono Ethylene Glycol’ the market...
![Market Value of Ethylene should be considered for determining Cost of Sales of Domestic Industry on Import of ‘Mono Ethylene Glycol’: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Market-Value-Ethylene-Considered-Determining-Cost-of-Sales-Domestic-Industry-Import-Mono-Ethylene-Glycol-CESTAT-TAXSCAN.jpg "Market Value of Ethylene should be considered for determining Cost of Sales of Domestic Industry on Import of ‘Mono Ethylene Glycol’: CESTAT [Read Order]")
Penalty u/s 271(1)(b) can't be imposed if Assessee Proves that there was a Reasonable Cause for Non-Compliance of Notice: ITAT [Read Order]
The Jaipur bench of the Income Tax Appellate Tribunal (ITAT) held that the penalty under Section 271(1)(b) of the Income Tax Act, 1961 cannot be imposed if the assessee proves that there was a...
![Penalty u/s 271(1)(b) cant be imposed if Assessee Proves that there was a Reasonable Cause for Non-Compliance of Notice: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Penalty-Assessee-Proves-Reasonable-Cause-Non-Compliance-Notice-ITAT-taxscan.jpg "Penalty u/s 271(1)(b) cant be imposed if Assessee Proves that there was a Reasonable Cause for Non-Compliance of Notice: ITAT [Read Order]")