![Capital Gain Tax paid by Wife need not be taxed again for Husband: ITAT deletes Income Tax Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Capital-Gain-tax-paid-wife-taxed-husband-ITAT-deletes-addition-TAXSCAN.jpg "Capital Gain Tax paid by Wife need not be taxed again for Husband: ITAT deletes Income Tax Addition [Read Order]")
Capital Gain Tax paid by Wife need not be taxed again for Husband: ITAT deletes Income Tax Addition [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) held that a husband need not pay capital gain tax already paid by his wife. The...
![AO issues notice u/s 148A(b) of Income Tax Act without Furnishing Relevant Material against alleged Bogus Purchases: Delhi HC directs Fresh Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/AO-issues-notice-Income-Tax-Act-without-Furnishing-Relevant-Material-against-alleged-Bogus-Purchases-Delhi-HC-directs-Fresh-Adjudication.jpg "AO issues notice u/s 148A(b) of Income Tax Act without Furnishing Relevant Material against alleged Bogus Purchases: Delhi HC directs Fresh Adjudication [Read Order]")
![No Requirement to Demonstrate Commercial Expediency in Each Year Concerning Loan Taken in Particular AY: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Requirement-Demonstrate-Commercial-Expediency-Commercial-Expediency-Concerning-Loan-Loan-AY-assessment-year-Delhi-High-Court-taxscan.jpg "No Requirement to Demonstrate Commercial Expediency in Each Year Concerning Loan Taken in Particular AY: Delhi HC [Read Order]")
![Dispute in Fact about Payment of Income Tax Dues Cannot be Decide by Writ Court: Orissa HC directs to approach AO [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Dispute-in-Fact-Payment-of-Income-Tax-Dues-Decide-by-Writ-Court-Orissa-HC-approach-AO-TAXSCAN.jpg "Dispute in Fact about Payment of Income Tax Dues Cannot be Decide by Writ Court: Orissa HC directs to approach AO [Read Order]")
Subscription Amount Received from Subscribers of E-Journals Cannot be Treated as Royalty: Delhi HC [Read Order]
In a significant case, the Delhi High Court has held that the subscription amount received from subscribers of e-journals cannot be treated as royalty. The revenue challenged the order passed by...
![Subscription Amount Received from Subscribers of E-Journals Cannot be Treated as Royalty: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Subscription-Amount-Received-from-Subscribers-Subscribers-of-E-Journals-Subscription-Amount-E-Journals-Treated-as-Royalty-Delhi-High-Court-Taxscan.jpg "Subscription Amount Received from Subscribers of E-Journals Cannot be Treated as Royalty: Delhi HC [Read Order]")
Dyeing Chemicals Embedded in Final Cloth is Leviable to Tax; not Waste Generated During Job Process: Supreme Court [Read Judgement]
The Supreme Court bench comprising Justice B.V. Nagarathna and Justice Prashant Kumar Mishra upheld the ruling of the Punjab and Haryana High Court. They stated that the tax shall be applicable to...
Relief to Tripoto: ITAT directs Re-Adjudication on Income Tax Deduction Claim for Late Deposit of Employees' Contributions to PF/ESI [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has allowed the appeal of Tripoto.com Pvt. Ltd. and directed the Assessing Officer (AO) to re-adjudicate the claim of deduction for the...
![Relief to Tripoto: ITAT directs Re-Adjudication on Income Tax Deduction Claim for Late Deposit of Employees Contributions to PF/ESI [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Relief-to-Tripoto-Tripoto-ITAT-directs-Re-Adjudication-on-Income-Tax-Deduction-Claim-ITAT-Re-Adjudication-Income-Tax-Deduction-Claim-Income-Tax-Deduction-Taxscan.jpg "Relief to Tripoto: ITAT directs Re-Adjudication on Income Tax Deduction Claim for Late Deposit of Employees Contributions to PF/ESI [Read Order]")
ITAT upholds disallowance made on Interest Expenses incurred for taking Loans for making Investment in Shares [Read Order]
The Income Tax Appellate Tribunal (ITAT) Delhi Bench upheld the disallowance made on interest expenses incurred for taking loans for making investment in shares. The assessee RRPR Holding Private...
![ITAT upholds disallowance made on Interest Expenses incurred for taking Loans for making Investment in Shares [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/ITAT-upholds-disallowance-made-on-Interest-Expenses-incurred-for-taking-Loans-ITAT-upholds-disallowance-ITAT-Interest-Expenses-incurred-for-taking-Loans-Taxscan.jpg "ITAT upholds disallowance made on Interest Expenses incurred for taking Loans for making Investment in Shares [Read Order]")
Relief of Vodafone: Delhi HC Quashes Assessment Order passed by AO on ground of Non Consideration of Proper Evidence [Read Order]
In a recent case, the Delhi High Court quashed the assessment order passed by the assessing officer under section 144 of the Income Tax Act,1961 on the ground of non-consideration of proper...
![Relief of Vodafone: Delhi HC Quashes Assessment Order passed by AO on ground of Non Consideration of Proper Evidence [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Relief-Vodafone-Delhi-HC-Assessment-AO-Non-Consideration-Proper-Evidence-TAXSCAN.jpg "Relief of Vodafone: Delhi HC Quashes Assessment Order passed by AO on ground of Non Consideration of Proper Evidence [Read Order]")
Income received from letting out of Property on a Commercial basis qualifies as Business Income: ITAT [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) held that the income received from letting out of the property on a commercial basis qualifies as business income. The assessee...
![Income received from letting out of Property on a Commercial basis qualifies as Business Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Income-received-from-letting-out-of-Property-on-a-Commercial-basis-qualifies-as-Business-Income-ITAT-TAXSCAN.jpg "Income received from letting out of Property on a Commercial basis qualifies as Business Income: ITAT [Read Order]")
Claim of Deduction u/s 54F Rejected by AO without Obtaining any Evidence for Proof of Construction done: ITAT Directs Re-adjudication [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal (ITAT) directed the assessing officer to re-adjudicate the rejection of the claim of deduction under section 54F of the Income Tax Act,1961...
![Claim of Deduction u/s 54F Rejected by AO without Obtaining any Evidence for Proof of Construction done: ITAT Directs Re-adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Claim-of-Deduction-Deduction-without-Obtaining-any-Evidence-for-Proof-of-Construction-done-Evidence-Proof-of-Construction-done-ITAT-Directs-Re-adjudication-ITAT-Re-adjudication-Taxscan.jpg "Claim of Deduction u/s 54F Rejected by AO without Obtaining any Evidence for Proof of Construction done: ITAT Directs Re-adjudication [Read Order]")