![Adjustment made by Chartered Accountant in revised Form No.29B while computing revised Book Profits u/s.115JB is in order: CESTAT direct AO to grant deduction [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Adjustment-Chartered-Accountant-revised-Form-No.29B-Book-Profits-CESTAT-AO-deduction-Taxscan.jpg "Adjustment made by Chartered Accountant in revised Form No.29B while computing revised Book Profits u/s.115JB is in order: CESTAT direct AO to grant deduction [Read Order]")
Adjustment made by Chartered Accountant in revised Form No.29B while computing revised Book Profits u/s.115JB is in order: CESTAT direct AO to grant deduction [Read Order]
The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Mumbai directed Assessing Officer to grant deduction adjustment made by CA in...
![CESTAT upholds Dept Order as Proposed Transactional Value was Expressly accepted by Importer [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/CESTAT-Dept-Order-Transactional-Value-Importer-taxscan.jpg "CESTAT upholds Dept Order as Proposed Transactional Value was Expressly accepted by Importer [Read Order]")
![Software-related Services cannot be treated as FTS in the absence of Cogent Material: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Software-related-Services-FTS-Cogent-Material-sustainable-ITAT-Taxscan.jpg "Software-related Services cannot be treated as FTS in the absence of Cogent Material: ITAT [Read Order]")
![Madras HC Invalidates Continuation of Reassessment Proceedings for Want of Fresh Notice [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Madras-High-Court-Reassessment-Fresh-Notice-Taxscan.jpeg "Madras HC Invalidates Continuation of Reassessment Proceedings for Want of Fresh Notice [Read Order]")
![Consideration paid for Acquisition of Shares does not come under Revenue Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/acquisition-of-shares-revenue-deduction-ITAT-taxscan.jpeg "Consideration paid for Acquisition of Shares does not come under Revenue Deduction: ITAT [Read Order]")
![Default u/s 201(1) not proved: ITAT deletes Interest levied u/s 201(1A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/ITAT-Default-under-section-201-1-under-section-2011A-Taxscan.jpg "Default u/s 201(1) not proved: ITAT deletes Interest levied u/s 201(1A) [Read Order]")
![Sale of Carbon Credit is Capital Receipt: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Sale-Carbon-Credit-capital-receipt-ITAT-Taxscan.jpg "Sale of Carbon Credit is Capital Receipt: ITAT [Read Order]")
Addition on Additional Grounds are not Permissible if AO not make Addition on Primary Ground for Reopening Assessment: ITAT [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal has held that addition on additional grounds are not permissible if Assessing Officer does not make an addition on the primary ground for reopening...
![Addition on Additional Grounds are not Permissible if AO not make Addition on Primary Ground for Reopening Assessment: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/AO-Assessment-ITAT-taxscan.jpg "Addition on Additional Grounds are not Permissible if AO not make Addition on Primary Ground for Reopening Assessment: ITAT [Read Order]")
Warranty Expenses claimed under Provisional basis is not Unascertained Liability: ITAT sets aside Order disallowing Provisional Warranty Expenses [Read Order]
The Income Tax Appellate Tribunal (ITAT) Delhi Bench has held that warranty expenses claimed under a provisional basis are not an unascertained liability and set-asides order disallowing provisional...
![Warranty Expenses claimed under Provisional basis is not Unascertained Liability: ITAT sets aside Order disallowing Provisional Warranty Expenses [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Warranty-Expenses-Unascertained-Liability-ITAT-Provisional-Warranty-Expenses-Taxscan.jpg "Warranty Expenses claimed under Provisional basis is not Unascertained Liability: ITAT sets aside Order disallowing Provisional Warranty Expenses [Read Order]")
Remand Proceedings shall be concluded within Period prescribed u/s 153 of Income Tax Act: Madras HC [Read Order]
The Madras High Court has ruled that, the period of limitation under the Sections 153 (2A) or 153 (3) was applicable even for remand proceedings before the Assessing Officer, Transfer Pricing Officer...
![Remand Proceedings shall be concluded within Period prescribed u/s 153 of Income Tax Act: Madras HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Madras-HC-Remand-Proceedings-Income-Tax-Act-Madras-High-Court-Taxscan.jpeg "Remand Proceedings shall be concluded within Period prescribed u/s 153 of Income Tax Act: Madras HC [Read Order]")
Loan amount received through proper Banking Channel and Confirmation Letter also filed: ITAT sets aside Addition as Genuineness of Transaction proved [Read Order]
Income Tax Appellate Tribunal (ITAT), Chennai sets aside addition as genuineness of transaction was proved by assessee as loan amount was received through proper banking channel and confirmation...
![Loan amount received through proper Banking Channel and Confirmation Letter also filed: ITAT sets aside Addition as Genuineness of Transaction proved [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Loan-amount-banking-channel-confirmation-letter-ITAT-transaction-taxscan.jpeg "Loan amount received through proper Banking Channel and Confirmation Letter also filed: ITAT sets aside Addition as Genuineness of Transaction proved [Read Order]")