![ITAT Directs Revision as no Fault could be Found in the Observation that the Assessment was Framed without Making due enquires [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/ITAT-directs-revision-found-in-the-observation-assessment-was-framed-without-making-due-enquires-TAXSCAN.jpg "ITAT Directs Revision as no Fault could be Found in the Observation that the Assessment was Framed without Making due enquires [Read Order]")
ITAT Directs Revision as no Fault could be Found in the Observation that the Assessment was Framed without Making due enquires [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal (ITAT) held that no fault could be found in the observation that the assessment was framed...
![Addition in 153A assessment of an unabated assessment can be made on the basis of incriminating material only: ITAT deletes addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Addition-assessment-of-an-unabated-assessment-basis-of-incriminating-material-only-ITAT-deletes-addition-TAXSCAN.jpg "Addition in 153A assessment of an unabated assessment can be made on the basis of incriminating material only: ITAT deletes addition [Read Order]")
![Challenge of Assessment after 4 Years: Kerala HC Directs GST Dept to decide Payment of GST Dues in Instalments [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Challenge-Assessment-Kerala-HC-Directs-GST-Dept-decide-Payment-GST-Dues-Instalments-taxscan.jpg "Challenge of Assessment after 4 Years: Kerala HC Directs GST Dept to decide Payment of GST Dues in Instalments [Read Order]")
![Assessment concluded by Predecessor cant be Reopened u/s 147 of Income Tax Act merely on ground of Change of Opinion: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Assessment-Predecessor-Assessment-concluded-by-Predecessor-Income-Tax-Act-ITAT-taxscan.jpg "Assessment concluded by Predecessor cant be Reopened u/s 147 of Income Tax Act merely on ground of Change of Opinion: ITAT [Read Order]")
![Assessment cant exceed prescribed Scope of Limited Scrutiny invoking Revisionary jurisdiction u/s 263 of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Assessment-exceed-prescribed-Scope-Limited-Scrutiny-invoking-Revisionary-jurisdiction-Income-Tax-Act-ITAT-taxscan.jpg "Assessment cant exceed prescribed Scope of Limited Scrutiny invoking Revisionary jurisdiction u/s 263 of Income Tax Act: ITAT [Read Order]")
Write-off of Bad Debt not Asset, Clause - (a) of 4th Proviso to Section 153A(1) of Income Tax Act bars Assessment: Bombay HC [Read Order]
The Bombay High Court recently ruled that write-off of bad debt is not asset and clause - (a) of 4th proviso to Section 153A(1) of Income Tax Act, 1961 bars assessment. The petitioner, Ashok...
![Write-off of Bad Debt not Asset, Clause - (a) of 4th Proviso to Section 153A(1) of Income Tax Act bars Assessment: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Write-off-of-Bad-Debt-Debt-Asset-Income-Tax-Act-Assessment-Bombay-HC-taxscan.jpg "Write-off of Bad Debt not Asset, Clause - (a) of 4th Proviso to Section 153A(1) of Income Tax Act bars Assessment: Bombay HC [Read Order]")
Failure to Prove Non-disclosure and Reasons for Reopening Assessment: Bombay HC quashes Proceedings u/s 148 of Income Tax Act [Read Order]
“There is not even a whisper in the entire communication trail as to what was not disclosed”, the Bombay High Court observed while quashing the penalty proceedings against the assessee under Section...
![Failure to Prove Non-disclosure and Reasons for Reopening Assessment: Bombay HC quashes Proceedings u/s 148 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Failure-Failure-to-Prove-Non-disclosure-and-Reasons-for-Reopening-Assessment-Non-disclosure-Bombay-High-Court-taxscan.jpeg "Failure to Prove Non-disclosure and Reasons for Reopening Assessment: Bombay HC quashes Proceedings u/s 148 of Income Tax Act [Read Order]")
Escapement Of Income not Reflected and Material Facts truly and Fully discussed at the time of Original Assessment: ITAT Sets aside Reopening after 4 years [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) has set aside the reopening done after 4 years as the escapement of income was not reflected and material facts were truly and fully...
![Escapement Of Income not Reflected and Material Facts truly and Fully discussed at the time of Original Assessment: ITAT Sets aside Reopening after 4 years [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Escapement-Of-Income-not-Reflected-and-Material-Facts-truly-and-Fully-discussed-time-of-Original-Assessment-ITAT-Reopening-TAXSCAN.jpg "Escapement Of Income not Reflected and Material Facts truly and Fully discussed at the time of Original Assessment: ITAT Sets aside Reopening after 4 years [Read Order]")
DGFT Releases Final Investigation Results on Chinese Zeolite Imports; Confirms Anti-Dumping Duty Continuation [Read Notification]
The Directorate General Foreign Trade (DGFT) vide Case No. AD (SSR)-06/2022 File No. 7/14/2022-DGTR has released the final sunset review investigation results on the imports of Synthetic Grade...
![Reopening of Assessment after 4 Year with Approval of Joint Commissioner is Invalid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Reopening-of-Assessment-Approval-of-Joint-Commissioner-is-Invalid-ITAT-TAXSCAN.jpg "Reopening of Assessment after 4 Year with Approval of Joint Commissioner is Invalid: ITAT [Read Order]")
Deduction Allowable on Warranty expenses of motor vehicles ascertained based on actual expenses incurred on settlement of warranty schemes in earlier years: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) Mumbai bench held that deduction allowable on warranty expenses of motor vehicles was ascertained based on the actual expenses incurred on settlement of...
![Deduction Allowable on Warranty expenses of motor vehicles ascertained based on actual expenses incurred on settlement of warranty schemes in earlier years: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Deduction-Warranty-expenses-motor-vehicles-ascertained-actual-expenses-settlement-warranty-schemes-ITAT-TAXSCAN.jpg "Deduction Allowable on Warranty expenses of motor vehicles ascertained based on actual expenses incurred on settlement of warranty schemes in earlier years: ITAT [Read Order]")
Demanding Differential Duty without Challenging Original Assessment of the Bills of Entry not Sustainable: CESTAT quashes Differential Duty Demand on PPC Cement [Read Order]
The Kolkata Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT), quashed differential duty demand on PPC Cement thereby noting that demanding the differential duty without...
![Demanding Differential Duty without Challenging Original Assessment of the Bills of Entry not Sustainable: CESTAT quashes Differential Duty Demand on PPC Cement [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Demanding-Differential-Duty-Assessment-of-the-Bills-of-Entry-CESTAT-Assessment-Bills-of-Entry-Differential-Duty-Demand-on-PPC-Cement-PPC-Cement-taxscan.jpg "Demanding Differential Duty without Challenging Original Assessment of the Bills of Entry not Sustainable: CESTAT quashes Differential Duty Demand on PPC Cement [Read Order]")