![Kerala HC sets aside Demand of Balance Tax Deposit as Assessee already Remitted Amount u/s 55 of KVAT Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Kerala-HC-Demand-of-Balance-Tax-Deposit-Assessee-Remitted-Amount-KVAT-Act-TAXSCAN.jpg "Kerala HC sets aside Demand of Balance Tax Deposit as Assessee already Remitted Amount u/s 55 of KVAT Act [Read Order]")
Kerala HC sets aside Demand of Balance Tax Deposit as Assessee already Remitted Amount u/s 55 of KVAT Act [Read Order]
The Kerala High Court in a recent decision set aside the demand of balance tax deposit as assessee already remitted amount under section 55 of the...
![CBDT grants Tax Exemption to Punjab Dental Council, Mohali u/s 10(46) of Income Tax Act [Read Notification]](https://www.taxscan.in/wp-content/uploads/2023/10/CBDT-grants-Tax-Exemption-Punjab-Dental-Council-Mohali-Income-Tax-Act-TAXSCAN.jpg "CBDT grants Tax Exemption to Punjab Dental Council, Mohali u/s 10(46) of Income Tax Act [Read Notification]")
Income Tax Dept agrees to Refund Rs. 190 Crores with Interest to Vedanta: Delhi HC sets Compliance Date for Oct 30th
The Income Tax (I-T) department has made a significant decision to refund an amount of Rs 190 crore, along with interest, to the mining conglomerate Vedanta pertaining to the assessment year (AY)...
4 days Time to Reply SCN is not Valid as per mandatory Provision under Income Tax Act:Â Kerala HC quashes Reassessment Order [Read Order]
In a significant case, the Kerala High Court quashed the reassessment order as the 4 days time allowed to file the reply to the show cause notice (SCN) is not valid as per mandatory provision under...
![4 days Time to Reply SCN is not Valid as per mandatory Provision under Income Tax Act:Â Kerala HC quashes Reassessment Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/4-days-Time-Reply-SCN-mandatory-Provision-Income-Tax-Act-Kerala-HC-Reassessment-Order-TAXSCAN.jpg "4 days Time to Reply SCN is not Valid as per mandatory Provision under Income Tax Act:Â Kerala HC quashes Reassessment Order [Read Order]")
No Penalty u/s 271(1)(c) of Income Tax Act can be Imposed when Assessee Sufficiently Proved the Bonafides of Losses Claimed: ITAT [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) held that if bona fides of the losses claimed are sufficiently proved by the assessee and the onus has been primarily discharged on the...
![No Penalty u/s 271(1)(c) of Income Tax Act can be Imposed when Assessee Sufficiently Proved the Bonafides of Losses Claimed: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/No-Penalty-Income-tax-Act-Imposed-Assessee-Sufficiently-Bonafides-Losses-Claimed-ITAT-TAXSCAN.jpg "No Penalty u/s 271(1)(c) of Income Tax Act can be Imposed when Assessee Sufficiently Proved the Bonafides of Losses Claimed: ITAT [Read Order]")
![CBDT extends deadlines for filing of Form 10B/10BB and Form ITR-7 for AY 2023-24 [Read Circular]](https://www.taxscan.in/wp-content/uploads/2023/09/CBDT-extends-deadlines-filing-Form-Form-ITR-7-AY-2023-24-TAXSCAN.jpg "CBDT extends deadlines for filing of Form 10B/10BB and Form ITR-7 for AY 2023-24 [Read Circular]")
ITAT issues Corrigendum for typographical errors in tribunal order in Deutsche Asset Management's Case [Read Order]
The Income Tax Appellate Tribunal (ITAT) Mumbai bench has issued a corrigendum for typographical errors in tribunal order in Deutsche Asset Management's Case. Assessee, Deutsche Asset Management...
![ITAT issues Corrigendum for typographical errors in tribunal order in Deutsche Asset Managements Case [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/ITAT-Corrigendum-typographical-tribunal-Deutsche-Asset-Management-Case-TAXSCAN-1.jpg "ITAT issues Corrigendum for typographical errors in tribunal order in Deutsche Asset Managements Case [Read Order]")
No disallowance shall be made u/s 14A r.w.r 8D I.T Rule if assessee not earned any exempt income previous year relevant to assessment year: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) Delhi bench held that no disallowance should be made Under Section 14A read with section 8D of Income Tax Rule if the assessee did not earn any exempt income...
![No disallowance shall be made u/s 14A r.w.r 8D I.T Rule if assessee not earned any exempt income previous year relevant to assessment year: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/CBIC-Sets-Norms-for-Officer-Posting-and-Performance-CRC-Payment-Exemption-at-Air-Freight-Solutions-TAXSCAN.jpg "No disallowance shall be made u/s 14A r.w.r 8D I.T Rule if assessee not earned any exempt income previous year relevant to assessment year: ITAT [Read Order]")
No Requirement to Demonstrate Commercial Expediency in Each Year Concerning Loan Taken in Particular AY: Delhi HC [Read Order]
The Delhi High Court has affirmed the decision of the Income Tax Appellate Tribunal (ITAT) and stated that it was not necessary to establish or explicitly state the commercial expediency of a loan...
![No Requirement to Demonstrate Commercial Expediency in Each Year Concerning Loan Taken in Particular AY: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Requirement-Demonstrate-Commercial-Expediency-Commercial-Expediency-Concerning-Loan-Loan-AY-assessment-year-Delhi-High-Court-taxscan.jpg "No Requirement to Demonstrate Commercial Expediency in Each Year Concerning Loan Taken in Particular AY: Delhi HC [Read Order]")