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Penalty u/s 271(1)(c) of Income Tax Act Not Leviable on Deletion of Quantum Addition by Tribunal: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Kolkata bench has held that the penalty under section 271(1)(c) of the Income Tax Act is not sustainable...

Assessment Passed Against Deceased Person Even After Knowledge of Death is Bad in Law: ITAT [Read...

12th Amendment Act of Goa Value Added Tax, 2020 confronts Doctrine of Separation of Power: Bombay HC...

Income Tax E-filing Portal Enables Facility for Filing of Form 10

Interest Income from Loan Extended Against Mortgage of Properties would not Constitute Rental...

Jurisdiction of the Bench shall be determined by the location of the Assessing Officer: ITAT dismisses Appeals [Read Order]

The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has recently, while dismissing the appeals filed before it, held that the jurisdiction of the bench shall be determined by the location of the...

Deduction on Sale Commission not Allowable if Genuineness of Expenditure cannot be Ascertained: ITAT [Read Order]

The Ahmedabad Income Tax Appellate Tribunal ( ITAT ) has recently held that deduction on sale commission is not allowable if genuine expenditure cannot be ascertained. Assessee Mangalya Ceramics...

Supreme Court and High Court Weekly Round-Up

This weekly round-up analytically summarises the key stories related to the Supreme Court and High Court reported at Taxscan.in during the previous week from April 9 to April 16, 2023. Delhi HC...

Delhi HC Set Aside Section 148A(d) Order Passed without Considering Reply of Assessee: Directs de novo exercise

The Delhi Bench of High Court has set aside the order passed under Section 148A(d) of the Income Tax Act 1961 as this was passed without considering the reply of the assessee. The assessing officer...

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 marketing expenses, are capital expenditure. Therfore the...

Assessing Officer has no Power u/S 200A to Levy Late Fee u/S. 234E Prior to Amendment of Law: ITAT set-aside Order

The Hyderabad bench of the Income Tax Appellate Tribunal ( ITAT ) has recently held that the assessing officer has no power under section 200A Income Tax Act 1961 to levy late fee...

Expenses towards Clinical Trials for Promotion and Sales of Cardio Products Allowable as Expenditure: ITAT [Read Order]

The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has recently held that expenses towards clinical trials for promotion and sales of cardio products are allowable as expenditures. The...

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