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![ITAT deletes Addition of ₹2.30 Crore u/s 68, upholds Assessees Burden of Proof [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Kolkata-Assessees-Burden-of-Proof-Taxscan.jpg "ITAT deletes Addition of ₹2.30 Crore u/s 68, upholds Assessees Burden of Proof [Read Order]")
ITAT deletes Addition of ₹2.30 Crore u/s 68, upholds Assessee's Burden of Proof [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal ( ITAT ) deleted an addition of ₹2.30 crore made under Section 68 of the Income Tax Act,1961.It...
![No Failure to Disclose Material Facts: Bombay HC quashes Income Tax Reassessment Proceedings [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Bombay-High-Court-Income-tax-Income-Tax-Reassessment-Disclose-Material-Facts-taxscan.jpg "No Failure to Disclose Material Facts: Bombay HC quashes Income Tax Reassessment Proceedings [Read Order]")
![Calcutta HC upholds Deduction U/s 80IC of Income Tax Act for Substantial Expansion in Subsequent years unless initial year Relief Withdrawn [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Calcutta-HC-Upholds-Deduction-Income-Tax-Act-Deduction-Calcutta-Highcourt-Income-Tax-Substantial-Expansion-in-Subsequent-Years-taxscan.jpg "Calcutta HC upholds Deduction U/s 80IC of Income Tax Act for Substantial Expansion in Subsequent years unless initial year Relief Withdrawn [Read Order]")
![Once Income Declared and Income Tax Return Filed, Penalty u/s 271 (1) (C) not to be Later Levied: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Income-Return-Penalty-ITAT.jpg "Once Income Declared and Income Tax Return Filed, Penalty u/s 271 (1) (C) not to be Later Levied: ITAT [Read Order]")
![Delhi HC upholds Re-Assessment Notices Issued from 1st April 2021 To 30th June, 2021 as Not Time-Barred [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/Delhi-HC-Re-Assessment-Notices-taxscan.jpeg "Delhi HC upholds Re-Assessment Notices Issued from 1st April 2021 To 30th June, 2021 as Not Time-Barred [Read Order]")
Collection Charges received by Lufthansa German Airlines from AAI can’t be treated as Income from Operation of Aircraft as per DTAA: ITAT [Read Order]
The Delhi bench of the ITAT has held that the collection charges received by the assessee from Airport Authority of India are not income derived from the operation of aircraft falling under Article 8...
![Collection Charges received by Lufthansa German Airlines from AAI can’t be treated as Income from Operation of Aircraft as per DTAA: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Lufthansa-German-Airlines-AAI-Income-Aircraft-DTAA-ITAT-TAXSCAN.jpeg "Collection Charges received by Lufthansa German Airlines from AAI can’t be treated as Income from Operation of Aircraft as per DTAA: ITAT [Read Order]")
Balance of convenience is in favour of the United Spirits: ITAT extends the stay for the second time [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore Bench held that the balance of convenience is in favour of the assessee in extending the stay, even though this is the second extension. The...
![Balance of convenience is in favour of the United Spirits: ITAT extends the stay for the second time [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/08/united-spirits-Taxscan.jpeg "Balance of convenience is in favour of the United Spirits: ITAT extends the stay for the second time [Read Order]")