Ice Box Expenditure Accounted under Marketing Expenses’ are Capital Expenditure: ITAT uphold Disallowance
The Delhi bench of Income Tax Appellate Tribunal (ITAT) has recently held that expenditure incurred on ice-boxes, accounted under the head of...
![Expenses towards Clinical Trials for Promotion and Sales of Cardio Products Allowable as Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Expenses-Clinical-Trials-Promotion-Sales-of-Cardio-Products-Sales-Cardio-Products-Expenditure-ITAT-Taxscan.jpg "Expenses towards Clinical Trials for Promotion and Sales of Cardio Products Allowable as Expenditure: ITAT [Read Order]")
![Relief to S&P Global India: Payment for Use of Shrink Wrap Computer Software Not Royalty, Rules ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/SP-Global-India-Payment-Shrink-Wrap-Computer-Software-Royalty-ITAT-Taxscan.jpg "Relief to S&P Global India: Payment for Use of Shrink Wrap Computer Software Not Royalty, Rules ITAT [Read Order]")
![Assessing Officer must not act Dishonestly or Vindictively: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Assessing-Officer-Dishonestly-Vindictively-ITAT-TAXSCAN.jpg "Assessing Officer must not act Dishonestly or Vindictively: ITAT [Read Order]")
![Rent from Sub-Letting Property Taxable as “Income from Other Sources”: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Rent-Sub-Letting-Property-Taxable-Income-from-Other-Sources-ITAT-Taxscan.jpg "Rent from Sub-Letting Property Taxable as “Income from Other Sources”: ITAT [Read Order]")
Bombay HC quashes Notice issued u/s 148 Without jurisdiction against Lakshdeep Investments & Finance [Read Order]
In a significant case of Lakshdeep Investments & Finance Pvt. Ltd., the Bombay High Court (HC) has quashed the reassessment notice under section 148 of the Income Tax Act, 1961 which was issued...
![Bombay HC quashes Notice issued u/s 148 Without jurisdiction against Lakshdeep Investments & Finance [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Bombay-HC-Noticet-jurisdiction-Lakshdweep-Investments-Finance-TAXSCAN.jpg "Bombay HC quashes Notice issued u/s 148 Without jurisdiction against Lakshdeep Investments & Finance [Read Order]")
Income Tax Officer Issues SCN twice to Non-Existing Entity: Calcutta HC Impose Personal Cost of ₹20,000 [Read Order]
In a recent decision, the Calcutta High Court ( HC ) single bench presided over by Justice Md. Nizamuddin rejected the procedure initiated under section 148A(b) of the Income Tax Act, 1961, and...
![Income Tax Officer Issues SCN twice to Non-Existing Entity: Calcutta HC Impose Personal Cost of ₹20,000 [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Income-Tax-Officer-Income-Tax-SCN-Non-Existing-Entity-Calcutta-High-Court-Personal-Cost-Cost-Taxscan.jpg "Income Tax Officer Issues SCN twice to Non-Existing Entity: Calcutta HC Impose Personal Cost of ₹20,000 [Read Order]")
Debits and Credits Can in no way Lead to Inference of Income Escaped Assessment: Bombay HC [Read Order]
In a recent decision the Bombay High Court observed that debits and credits can in no way lead to an inference of income escaped assessment. The petitioner, Digi1 Electronics Pvt Ltd, challenged...
![Debits and Credits Can in no way Lead to Inference of Income Escaped Assessment: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Debits-Credits-Income-Escaped-Assessment-Income-Bombay-High-Court-Taxscan.jpg "Debits and Credits Can in no way Lead to Inference of Income Escaped Assessment: Bombay HC [Read Order]")
Filing of Fresh ITR Not Necessary If Assessee feels that Earlier Return should be Considered for Re-Assessment: ITAT [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal ( ITAT ) has held that the filing of a fresh Income Tax Return was not necessary if the assessee felt that the earlier return should be considered for...
![Filing of Fresh ITR Not Necessary If Assessee feels that Earlier Return should be Considered for Re-Assessment: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/ITR-Assessee-Return-Re-Assessment-ITAT-Taxscan.jpg "Filing of Fresh ITR Not Necessary If Assessee feels that Earlier Return should be Considered for Re-Assessment: ITAT [Read Order]")
Wrong Assumption by AO, Order u/s 270 passed under Income Tax not valid when Assessee Preferred for Appeal: Orissa HC [Read Order]
The Orissa High Court (HC)held that the order u/s 270 passed under Income Tax Act, 1961 by Assessing Officer (AO) based on a wrong assumption is not valid when the assessee preferred for appeal. ...
![Wrong Assumption by AO, Order u/s 270 passed under Income Tax not valid when Assessee Preferred for Appeal: Orissa HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Assumption-AO-Order-Income-Tax-assessee-appeal-Orissa-High-Court-Assessing-Officer-Taxscan.jpg "Wrong Assumption by AO, Order u/s 270 passed under Income Tax not valid when Assessee Preferred for Appeal: Orissa HC [Read Order]")
![Income Tax: Wrong Claim of Depreciation Does not Attract Penalty, Rules ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Income-Tax-Wrong-Claim-Claim-of-Depreciation-Wrong-Claim-of-Depreciation-Penalty-Rules-ITAT-Taxscan.jpg "Income Tax: Wrong Claim of Depreciation Does not Attract Penalty, Rules ITAT [Read Order]")