![No addition shall be made on Supervisory and Risk Management Expenses incurred in Insurance Brokerage Business for Prospective Clients: Delhi HC upholds ITAT Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/No-addition-shall-be-made-Supervisory-and-Risk-Management-Expenses-Risk-Management-Expenses-Insurance-Brokerage-Business-Delhi-High-Court-ITAT-Income-Tax-TAXSCAN-4.jpg "No addition shall be made on Supervisory and Risk Management Expenses incurred in Insurance Brokerage Business for Prospective Clients: Delhi HC upholds ITAT Order [Read Order]")
No addition shall be made on Supervisory and Risk Management Expenses incurred in Insurance Brokerage Business for Prospective Clients: Delhi HC upholds ITAT Order [Read Order]
In a recent case, the Delhi High Court, while upholding the order of the Income Tax Appellate Tribunal, held that no addition should be made on the...
![Disallowance u/s 14 A of Income Tax Act not warranted in Absence of Borrowed Fund in Books of Accounts: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Income-Tax-Act-Absence-of-Borrowed-Fund-Borrowed-Fund-Books-of-Accounts-Delhi-High-Court-TAXSCAN.jpg "Disallowance u/s 14 A of Income Tax Act not warranted in Absence of Borrowed Fund in Books of Accounts: Delhi HC [Read Order]")
![ITAT grants fresh Adjudication for Failure of AO to Examine Additional Evidences related to Disallowance of Sales Promotion Expenses [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Adjudication-ITAT-ITAT-grants-fresh-Adjudication-Failure-of-AO-Additional-Evidences-Disallowance-Sales-Promotion-Expenses-ITAT-grants-fresh-Adjudication-for-Failure-of-AO-taxscan.jpg "ITAT grants fresh Adjudication for Failure of AO to Examine Additional Evidences related to Disallowance of Sales Promotion Expenses [Read Order]")
CBDT extends deadline to process ITRs with refunds claimed for AYs 2018-19 to 2020-21 till January 31, 2024 [Read Order]
The Central Board of Direct Taxes (CBDT) has extended the time limit to process Income Tax Returns (ITRs) with refund claims for AYs 2018-19 to 2020-21 till January 31, 2024. In view of pending...
Delhi HC quashes Revision of Assessment on failure to enquire about Unexplained Cash Deposit found credited in Bank Account [Read Order]
The Delhi High Court quashed the revision of assessment on failure to enquire about unexplained cash deposit found credited in bank account. The moot question which arises for consideration is...
Non-Issuance of notice u/s 143(2) of Income Tax Act is not Curable Defect: ITAT quashes Assessment Order [Read Order]
The Hyderabad Bench of the Income Tax Appellate Tribunal (ITAT), quashed assessment order and observed that non-issuance of notice under Section 143(2) of the Income Tax Act, 1961 is not a curable...
![Non-Issuance of notice u/s 143(2) of Income Tax Act is not Curable Defect: ITAT quashes Assessment Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Assessment-Order-Income-Tax-Act-Curable-Defect-taxscan.jpg "Non-Issuance of notice u/s 143(2) of Income Tax Act is not Curable Defect: ITAT quashes Assessment Order [Read Order]")
Rs. 10000 fine if you have a Second PAN Card! Know how to Avoid and Surrender Second PAN Allotted
Not everyone possessing multiple or duplicate PAN cards harbors malicious intentions; many are unaware of their duplicate status. Discovering common scenarios leading to duplicate PANs is essential. ...
Explanation 7 of Section 9(1)(i) of Income Tax Act has retrospective effect: Delhi HC upholds Deletion of Addition towards LTCG [Read Order]
The Delhi High Court has held that Explanation 7 of Section 9(1)(i) of the Income Tax Act, 1961has retrospective effect and upheld the deletion of addition towards Long Term...
![Explanation 7 of Section 9(1)(i) of Income Tax Act has retrospective effect: Delhi HC upholds Deletion of Addition towards LTCG [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Income-Tax-Act-LTCG-HC-retrospective-effect-taxscan.jpg "Explanation 7 of Section 9(1)(i) of Income Tax Act has retrospective effect: Delhi HC upholds Deletion of Addition towards LTCG [Read Order]")