![Addition on Sole Ground of failure to Upload Audit Report Electronically is Invalid: ITAT allows Fresh Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Addition-Sole-Ground-Audit-Report-Invalid-ITAT-Adjudication-taxscan.jpg "Addition on Sole Ground of failure to Upload Audit Report Electronically is Invalid: ITAT allows Fresh Adjudication [Read Order]")
Addition on Sole Ground of failure to Upload Audit Report Electronically is Invalid: ITAT allows Fresh Adjudication [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi bench has held that the addition cannot be made solely on the basis of failure on the part of the...
![Mere Ignorance of Law cannot be a Reason to Quash Penalty Proceedings: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Mere-Ignorance-of-Law-Penalty-ITAT-Taxscan.jpeg "Mere Ignorance of Law cannot be a Reason to Quash Penalty Proceedings: ITAT [Read Order]")
![Revisional Jurisdiction cannot be invoked on Highly Debatable Issues: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Revisional-Jurisdiction-Highly-Debatable-Issues-Debatable-Issues-ITAT-Jurisdiction-Taxscan.jpg "Revisional Jurisdiction cannot be invoked on Highly Debatable Issues: ITAT [Read Order]")
![Audit Report to be filed by Sovereign Wealth Fund claiming Exemption under Section 10 (23FE) of the Income Tax Act, 1961: CBDT [Read Notification]](https://www.taxscan.in/wp-content/uploads/2022/01/Audit-report-Sovereign-Wealth-Fund-exemption-Section10-23FE-Income-tax-Act-1961-CBDT-Taxscan.jpeg "Audit Report to be filed by Sovereign Wealth Fund claiming Exemption under Section 10 (23FE) of the Income Tax Act, 1961: CBDT [Read Notification]")
![Gujarat HC asks Govt. to solve Technical Glitch on Income Tax Portal [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/01/Gujarat-HC-Govt-Technical-Glitch-Income-Tax-Portal-Taxscan.jpeg "Gujarat HC asks Govt. to solve Technical Glitch on Income Tax Portal [Read Order]")
Tamil Nadu Govt. extends Time Limit for Furnishing VAT Audit Report in Electronic Form for FY 2020-21 [Read Notification]
The Tamil Nadu Government has notified the extension of the time limit for Furnishing VAT Audit Report in Electronic Form for Financial Year 2020-21 till 31st March, 2022. “In exercise of the...
![Tamil Nadu Govt. extends Time Limit for Furnishing VAT Audit Report in Electronic Form for FY 2020-21 [Read Notification]](https://www.taxscan.in/wp-content/uploads/2022/01/Tamil-Nadu-Govt-Time-limit-Audit-Report-Electronic-Form-FY-2020-21-Taxscan.jpg "Tamil Nadu Govt. extends Time Limit for Furnishing VAT Audit Report in Electronic Form for FY 2020-21 [Read Notification]")
Audit Report can be revised if disallowance u/s 40 or 43B needs Recalculation: CBDT amends Form 3CD [Read Notification]
In a recent, the CBDT has notified that, Audit Report can be revised if disallowance under Section 40 or 43B of the Income Tax Act needs Recalculation. The Central Board of Direct Taxes (CBDT)...
![Audit Report can be revised if disallowance u/s 40 or 43B needs Recalculation: CBDT amends Form 3CD [Read Notification]](https://www.taxscan.in/wp-content/uploads/2021/04/Audit-Report-disallowance-CBDT-Form-3CD-Taxscan.jpg "Audit Report can be revised if disallowance u/s 40 or 43B needs Recalculation: CBDT amends Form 3CD [Read Notification]")
Scope of reporting by Auditors in Audit report broadened: MCA notifies Companies (Audit and Auditors) Amendment Rules, 2021 [Read Notification]
The Ministry of Corporate Affairs(MCA) has notified the Companies (Audit and Auditors) Amendment Rules, 2021 so as to broaden the scope of reporting by Auditors in the Audit report. The...
![Scope of reporting by Auditors in Audit report broadened: MCA notifies Companies (Audit and Auditors) Amendment Rules, 2021 [Read Notification]](https://www.taxscan.in/wp-content/uploads/2021/03/Auditors-in-Audit-report-MCA-Companies-Audit-and-Auditors-Amendment-Rules-2021-Taxscan-opengraph.jpg "Scope of reporting by Auditors in Audit report broadened: MCA notifies Companies (Audit and Auditors) Amendment Rules, 2021 [Read Notification]")
CBDT notifies Income of Yamuna Expressway Industrial Development Authority exempted u/s 10(46) of the Income Tax Act, 1961 [Read Notification]
The Central Board of Direct Taxes (CBDT) notified the income Yamuna Expressway Industrial Development Authority exempted under section 10(46) of the Income Tax Act 1961. The Government notified...
![CBDT notifies Income of Yamuna Expressway Industrial Development Authority exempted u/s 10(46) of the Income Tax Act, 1961 [Read Notification]](https://www.taxscan.in/wp-content/uploads/2020/12/CBDT-Income-of-Yamuna-Expressway-Industrial-Development-Authority-Income-Tax-Act-Taxscan.jpg "CBDT notifies Income of Yamuna Expressway Industrial Development Authority exempted u/s 10(46) of the Income Tax Act, 1961 [Read Notification]")
![Income Tax Department issues FAQs on UDIN [Read FAQs]](https://www.taxscan.in/wp-content/uploads/2020/12/Income-Tax-Department-FAQs-UDIN-Taxscan.jpeg "Income Tax Department issues FAQs on UDIN [Read FAQs]")