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![Increasing Value of Closing Stock of Raw Materials and Packing Materials Unutilized Balance of Modvat:Â ITAT directs Readjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Increasing-value-of-closing-stock-of-raw-materials-packing-materials-unutilized-balance-of-Modvat-ITAT-directs-readjudication-taxscan.jpg "Increasing Value of Closing Stock of Raw Materials and Packing Materials Unutilized Balance of Modvat:Â ITAT directs Readjudication [Read Order]")
Increasing Value of Closing Stock of Raw Materials and Packing Materials Unutilized Balance of Modvat:Â ITAT directs Readjudication [Read Order]
The Income Tax Appellate Tribunal (ITAT) Mumbai bench directs readjudication related to the action of Assessing Officer for increasing the...
![Lapse of 15 years to produce Supporting Documents before AO: ITAT disallows Depreciation Claim [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/documents-AO-ITAT-depreciation-claim-taxscan.jpg "Lapse of 15 years to produce Supporting Documents before AO: ITAT disallows Depreciation Claim [Read Order]")
![Delay due to Liquidation Proceedings constitute Reasonable Cause: ITAT directs CIT(A) to consider Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Liquidation-Proceedings-Reasonable-Cause-ITAT-CITA-taxscan.jpg "Delay due to Liquidation Proceedings constitute Reasonable Cause: ITAT directs CIT(A) to consider Appeal [Read Order]")
![Relief to Dakshin Haryana Bijli Vitran Nigam: ITAT deletes Addition of Rs. 328 Cr for Surcharge levied but not realized [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Relief-Dakshin-Haryana-Bijli-Vitran-Nigam-ITAT-deletes-Surcharge-levied-Taxscan.jpg "Relief to Dakshin Haryana Bijli Vitran Nigam: ITAT deletes Addition of Rs. 328 Cr for Surcharge levied but not realized [Read Order]")
![Relief to HDFC: Bombay High Court quashes Income Tax Re-Assessment for want of Jurisdiction [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2022/03/Income-Tax-HDFC-Bombay-High-Court-Re-Assessment-Jurisdiction-taxscan.jpg "Relief to HDFC: Bombay High Court quashes Income Tax Re-Assessment for want of Jurisdiction [Read Judgment]")
Mere inadequacy of an enquiry or insufficiency of material on record can’t be a ground to invoke Revisional Powers: Karnataka HC [Read Judgment]
The Karnataka High Court held that mere inadequacy of an enquiry or insufficiency of material on record can not be a ground to invoke revisional powers under Section 263 of the Income Tax Act, 1961. ...
![Mere inadequacy of an enquiry or insufficiency of material on record can’t be a ground to invoke Revisional Powers: Karnataka HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/10/Mere-inadequacy-enquiry-sufficiency-material-record-ground-invoke-Revisional-Powers-Karnataka-High-court-Taxscan.jpg "Mere inadequacy of an enquiry or insufficiency of material on record can’t be a ground to invoke Revisional Powers: Karnataka HC [Read Judgment]")
Transfer of Intangible Assets for a valuable consideration by way of allotment of Shares is entitled to Depreciation: Karnataka HC [Read Judgment]
The Karnataka High Court held that the transfer of intangible assets for a valuable consideration by way of allotment of shares is entitled for depreciation. The assessee, M/s Padmini Products is...
![Transfer of Intangible Assets for a valuable consideration by way of allotment of Shares is entitled to Depreciation: Karnataka HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/10/Transfer-of-intangible-assets-valuable-consideration-allotment-shares-entitled-depreciation-Karnataka-High-court-Taxscan.jpeg "Transfer of Intangible Assets for a valuable consideration by way of allotment of Shares is entitled to Depreciation: Karnataka HC [Read Judgment]")