![Non-Cooperation during Income Tax Assessment Proceedings: ITAT imposes Cost of Rs. 25,000 [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/income-Tax-Assessment-Proceedingss-ITAT-taxscan.jpg "Non-Cooperation during Income Tax Assessment Proceedings: ITAT imposes Cost of Rs. 25,000 [Read Order]")
Non-Cooperation during Income Tax Assessment Proceedings: ITAT imposes Cost of Rs. 25,000 [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi bench has held imposed a cost on the assessee by observing that the assessment proceedings got...
![Provisions of Deemed Dividend does not attract If Loans & Advances in Normal Business benefits both Payer and Payee: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Deemed-Dividend-Normal-Business-Payer-Payee-ITAT-taxscan.jpeg "Provisions of Deemed Dividend does not attract If Loans & Advances in Normal Business benefits both Payer and Payee: ITAT [Read Order]")
![Meghalaya HC quashes Re-Assessment on ground of Non-Consideration of Objection filed by Assessee [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Meghalaya-HC-Re-Assessment-Assessee-taxscan.jpg "Meghalaya HC quashes Re-Assessment on ground of Non-Consideration of Objection filed by Assessee [Read Order]")
![Defect in Proper Notice u/s 274 vitiates the Assumption of Jurisdiction by AO: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/notice-jurisdiction-AO-ITAT-taxscan.jpg "Defect in Proper Notice u/s 274 vitiates the Assumption of Jurisdiction by AO: ITAT [Read Order]")
![Insurance Subsidy received from Government Eligible for Deduction u/s 80IC: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Insurance-subsidy-Government-Eligible-deduction-ITAT-taxscan-.jpeg "Insurance Subsidy received from Government Eligible for Deduction u/s 80IC: ITAT [Read Order]")
![Receipts in nature of Royalties not Taxable as per India-USA DTAA: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Royalties-Taxable-India-USA-DTAA-ITAT-Taxscan.jpg "Receipts in nature of Royalties not Taxable as per India-USA DTAA: ITAT [Read Order]")
Product Development Expenditure is ‘Revenue’ in Nature: ITAT allows Income Tax Deduction [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune bench has held that the expenditure incurred on testing and validation of the products is revenue in nature to allow deduction under the provisions of...
![Product Development Expenditure is ‘Revenue’ in Nature: ITAT allows Income Tax Deduction [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Product-Development-Expenditure-Revenue-Nature-ITAT-Deduction-Taxscan.jpeg "Product Development Expenditure is ‘Revenue’ in Nature: ITAT allows Income Tax Deduction [Read Order]")
![Refund of Sewage Tax constitute ‘Business Income’: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Refund-Sewage-Tax-constitute-Business-Income-ITAT-Taxscan-1.jpeg "Refund of Sewage Tax constitute ‘Business Income’: ITAT [Read Order]")
Modification carried out on-premises in Small Scale Repair does not constitute Capital Expenditure: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Surat Bench has held that modification carried out on-premises in small scale repair does not constitute capital expenditure and deleted the addition of...
![Modification carried out on-premises in Small Scale Repair does not constitute Capital Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/premises-small-scale-repair-capital-expenditure-ITAT-taxscan.jpg "Modification carried out on-premises in Small Scale Repair does not constitute Capital Expenditure: ITAT [Read Order]")
ITAT sets aside Order Deleting Disallowances on Account of Loss on Revaluation of Fixed Assets [Read Order]
The Delhi Income Tax Appellate Tribunal ( ITAT ) set aside order deleting disallowances on account of loss on revaluation of fixed assets. The CIT (A) in the case of Railtel Corporation of India...
![ITAT sets aside Order Deleting Disallowances on Account of Loss on Revaluation of Fixed Assets [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/ITAT-Order-Loss-Fixed-Assets-taxscan.jpg "ITAT sets aside Order Deleting Disallowances on Account of Loss on Revaluation of Fixed Assets [Read Order]")
Govt Securities are classifiable under the AFS category: ITAT confirms Deduction allowed for Loss of Government Securities
The Income Tax Appellate Tribunal (ITAT), Vishakhapatnam bench has held that Government Securities are classifiable under the “Available For Sale”(AFS)category and confirms the order of deduction...
Re-Assessment Order passed in Cryptical Manner: Madras HC revises Single Bench Decision, asks AO to pass a Speaking Order
The division bench of Madras High Court in the issue of passing re-assessment order in cryptical manner has revises single bench decision and asks Assessing Officer to pass a speaking order. The...
