![ITAT directs Assessing Officer to allow Credit of TDS to Honda Motorcycle and Scooters India [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/10/ITAT-Assessing-Officer-TDS-Honda-Motorcycle-Taxscan.jpg "ITAT directs Assessing Officer to allow Credit of TDS to Honda Motorcycle and Scooters India [Read Order]")
ITAT directs Assessing Officer to allow Credit of TDS to Honda Motorcycle and Scooters India [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench directed the Assessing Officer to allow the credit of TDS to Honda Motorcycle and Scooters...
![No presumption of delay in approaching the Court is always deliberate: Telangana HC quashes ITAT’s order rejecting condonation of delay [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/09/Telangana-High-Court-Condonation-of-Delay-Taxscan.jpeg "No presumption of delay in approaching the Court is always deliberate: Telangana HC quashes ITAT’s order rejecting condonation of delay [Read Judgment]")
![Expenses incurred for Buy-Back of Shares amount to Revenue Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/09/ITAT-expenses-Buy-Back-Shares-Revenue-Expenditure-Taxscan.jpg "Expenses incurred for Buy-Back of Shares amount to Revenue Expenditure: ITAT [Read Order]")
![ITAT upheld provisions in statement of accounts under 31 heads of expenses for one month made by HDFC Sales [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/09/ITAT-HDFC-Sales-Taxscan.jpeg "ITAT upheld provisions in statement of accounts under 31 heads of expenses for one month made by HDFC Sales [Read Order]")
![No addition for AMP transactions in absence of International Transaction between Taxpayer and AE: ITAT grants relief to Haier [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/09/Haier-ITAT-AMP-Taxscan.jpeg "No addition for AMP transactions in absence of International Transaction between Taxpayer and AE: ITAT grants relief to Haier [Read Order]")
AO erred in denying Preludesys India the benefit of deduction on the ‘deemed export’ made to another STP unit: Madras HC [Read Judgment]
The Madras High Court while answering in favour of the Preludesys India said that the Tribunal erred in denying Preludesys India the benefit of deduction on the ‘deemed export’ made to another...
![AO erred in denying Preludesys India the benefit of deduction on the ‘deemed export’ made to another STP unit: Madras HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/09/Preludesys-India-Taxscan.jpeg "AO erred in denying Preludesys India the benefit of deduction on the ‘deemed export’ made to another STP unit: Madras HC [Read Judgment]")
No Review on Original Assessment Order is permissible in the Reassessment proceedings initiated: Madras HC [Read Judgment]
Madras High Court held that no review on the original assessment order is permissible in the reassessment proceedings initiated under Section 147 of the Income Tax Act, 1961. The respondent...
![No Review on Original Assessment Order is permissible in the Reassessment proceedings initiated: Madras HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/09/original-assessment-reassessment-proceedings-Madras-High-Court-Taxscan.jpg "No Review on Original Assessment Order is permissible in the Reassessment proceedings initiated: Madras HC [Read Judgment]")
Assessing Officer rightly disallowed Depreciation on the Purchase of Windmill: Madras High Court [Read Judgment]
The Madras High Court held that the Assessing Officer (AO) rightly disallowed depreciation on the purchase of windmill. The assessee, V. Sabitamani an individual filed for return of income for the...
![Assessing Officer rightly disallowed Depreciation on the Purchase of Windmill: Madras High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/09/Assessing-Officer-Madras-High-Court-windmill-Taxscan.jpg "Assessing Officer rightly disallowed Depreciation on the Purchase of Windmill: Madras High Court [Read Judgment]")
AO may call for objection in respect of ‘Input Tax Credit on reversal on Wastage’ and ‘Ineligible claim of ITC on Goods’: Madras HC [Read Order]
The Madras High Court allowed the Assessing Officer (AO) to issue a show-cause notice to the petitioner calling for his objections with regard to “Input Tax Credit on reversal on wastage” and...
![AO may call for objection in respect of ‘Input Tax Credit on reversal on Wastage’ and ‘Ineligible claim of ITC on Goods’: Madras HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/09/AO-Madras-High-Court-Taxscan.jpg "AO may call for objection in respect of ‘Input Tax Credit on reversal on Wastage’ and ‘Ineligible claim of ITC on Goods’: Madras HC [Read Order]")
![ITAT deletes Disallowance u/s 14A for want of Recorded Satisfaction [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/09/ITAT-disallowance-Taxscan.jpeg "ITAT deletes Disallowance u/s 14A for want of Recorded Satisfaction [Read Order]")
Interest on Bank Deposits is also eligible to be included in profits of 100% EOU for claiming Deduction: Madras HC [Read Judgment]
The Madras High Court held that the interest on bank deposits is also eligible to be included in profits of 100% Export Oriented Unit (EOU) for claiming deduction under Section 10A or 10B of the...
![Interest on Bank Deposits is also eligible to be included in profits of 100% EOU for claiming Deduction: Madras HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/09/Interest-bank-deposits-EOU-profits-claiming-deduction-Taxscan.jpg "Interest on Bank Deposits is also eligible to be included in profits of 100% EOU for claiming Deduction: Madras HC [Read Judgment]")
Attempt to blame the Chartered Accountant cannot result in the assessee’s exoneration and claimed in absolute terms: Madras HC [Read Judgment]
The Madras High Court while ruling against the assessee held that the attempt to blame the Chartered Accountant cannot result in the assessee’s exoneration and claimed in absolute terms. The...
![Attempt to blame the Chartered Accountant cannot result in the assessee’s exoneration and claimed in absolute terms: Madras HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/09/Madras-High-Court-Chartered-Accountant-assessee-Taxscan.jpg "Attempt to blame the Chartered Accountant cannot result in the assessee’s exoneration and claimed in absolute terms: Madras HC [Read Judgment]")