![Non Participation in Income Tax Assessment Proceedings Due to Disputes Between Partners: ITAT deletes Penalty u/s 271(1)(b) [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Assessment-Disputes-Partners-ITAT-Penalty-taxscan.jpg "Non Participation in Income Tax Assessment Proceedings Due to Disputes Between Partners: ITAT deletes Penalty u/s 271(1)(b) [Read Order]")
Non Participation in Income Tax Assessment Proceedings Due to Disputes Between Partners: ITAT deletes Penalty u/s 271(1)(b) [Read Order]
The Income Tax Appellate Tribunal (ITAT), Rajkot Bench, has recently, in an appeal filed before it, held that when non- participation of the firm in...
![Relief to Sony Pictures: ITAT sets aside Assessment Order passed against Non-Existing entity [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Sony-Pictures-ITAT-Assessment-Order-TAXSCAN.jpg "Relief to Sony Pictures: ITAT sets aside Assessment Order passed against Non-Existing entity [Read Order]")
![Delhi HC sets aside Assessment proceedings initiated against a Non-Existent Company [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Delhi-HC-Assessment-proceedings-TAXSCAN.jpg "Delhi HC sets aside Assessment proceedings initiated against a Non-Existent Company [Read Order]")
![Relief to Wavin India: Madras HC directs to re-examine matter of Assessment in respect of Turnover [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Wavin-India-Madras-HC-assessment-taxscan.jpg "Relief to Wavin India: Madras HC directs to re-examine matter of Assessment in respect of Turnover [Read Order]")
![Every Assessment Year is a Separate Unit, Assessment based on Its Peculiar Facts: Delhi HC dismisses Appeal by Akzonobel India [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Assessment-Delhi-HC-dismisses-Appeal-Akzonobel-TAXSCAN.jpg "Every Assessment Year is a Separate Unit, Assessment based on Its Peculiar Facts: Delhi HC dismisses Appeal by Akzonobel India [Read Order]")
Addition to Unexplained Credit will sustain in the Absence of Evidence to prove Enhanced amounts payable: ITAT [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has held that the addition to unexplained credit will sustain in the absence of evidence to prove enhanced amounts payable. The...
![Addition to Unexplained Credit will sustain in the Absence of Evidence to prove Enhanced amounts payable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/unexplained-credit-absence-of-evidence-prove-Enhanced-amounts-payable-ITAT.jpg "Addition to Unexplained Credit will sustain in the Absence of Evidence to prove Enhanced amounts payable: ITAT [Read Order]")
Advancement of Loan in Ordinary Course of Business, Provisions of Deemed Dividend not applicable: ITAT upholds Order of CIT(A) [Read Order]
Provisions of the Deemed dividend not applicable on the advancement of the loan in the ordinary course of business, the Pune Bench of the Income Tax Appellate Tribunal (ITAT) upheld the order pf...
![Advancement of Loan in Ordinary Course of Business, Provisions of Deemed Dividend not applicable: ITAT upholds Order of CIT(A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Advancement-of-loan-ordinary-course-of-business-Provisions-of-Deemed-Dividend-Deemed-Dividend-ITAT-CITA.jpeg "Advancement of Loan in Ordinary Course of Business, Provisions of Deemed Dividend not applicable: ITAT upholds Order of CIT(A) [Read Order]")
Assessment not to Exceed the Scope of Prescribed ‘Limited’ Scrutiny, Except as per the Due Process of Law: ITAT [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Pune has recently while allowing an appeal filed before it, held that the assessment shall not exceed the scope of prescribed limited scrutiny, except as...
![Assessment not to Exceed the Scope of Prescribed ‘Limited’ Scrutiny, Except as per the Due Process of Law: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Assessment-Scrutiny-Law-ITAT-taxscan.jpeg "Assessment not to Exceed the Scope of Prescribed ‘Limited’ Scrutiny, Except as per the Due Process of Law: ITAT [Read Order]")
Customs Tariff Act: Supreme Court’s Decision on Classification of ‘Relay’ Not Applicable to All Goods, CBIC Clarifies [Read Circular]
The Central Board of Indirect Taxes and Customs (CBIC) has clarified that the judgement of the Supreme Court in Westinghouse Saxby case regarding the classification of “relays” have no wide...
![Customs Tariff Act: Supreme Court’s Decision on Classification of ‘Relay’ Not Applicable to All Goods, CBIC Clarifies [Read Circular]](https://www.taxscan.in/wp-content/uploads/2022/10/Supreme-Court-CBIC-taxscan.jpg "Customs Tariff Act: Supreme Court’s Decision on Classification of ‘Relay’ Not Applicable to All Goods, CBIC Clarifies [Read Circular]")
No Fresh Addition can be made for Assessment already Completed after Proper Enquiry on absence of Incriminating Material: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Jaipur Bench held that no fresh addition can be made for assessment already completed after proper enquiry on absence of incriminating material. The...
![No Fresh Addition can be made for Assessment already Completed after Proper Enquiry on absence of Incriminating Material: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/addition-assessment-proper-enquiry-incriminating-material-ITAT-TAXSCAN.jpg "No Fresh Addition can be made for Assessment already Completed after Proper Enquiry on absence of Incriminating Material: ITAT [Read Order]")
Reopening Assessment for Cash Deposits valid if failed to substantiate with evidence: Delhi HC allows to submit details of Unexplained Cash deposits before Appellate Authority
While considering a writ petition the Delhi High Court observed that reopening assessment for cash deposits is valid if failed to substantiate with evidence and allows the petitioner to submit...
![Audit Objection cannot be a Reason to Re-Open Assessment: Madras HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/Audit-Assessment-Madras-HC-taxscan.jpeg "Audit Objection cannot be a Reason to Re-Open Assessment: Madras HC [Read Order]")