![VAT Expenses on Deemed Import eligible to be set off against VAT Output: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/12/VAT-Expenses-Deemed-Import-VAT-Output-ITAT-ITAT-Ahmedabad-Taxscan.jpg "VAT Expenses on Deemed Import eligible to be set off against VAT Output: ITAT [Read Order]")
VAT Expenses on Deemed Import eligible to be set off against VAT Output: ITAT [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) held that the Value Added Tax (VAT) expenses on deemed import eligible to be set off...
![Relief to Bangiya Gramin Vikash Bank: Calcutta HC quashes Revisional Order since Deduction on Arrear Payment was allowed by AO after conducting Proper Inquiry [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/11/calcutta-high-court-arrear-payment-bangiya-gramin-vikas-bank-deduction-Taxscan.jpg "Relief to Bangiya Gramin Vikash Bank: Calcutta HC quashes Revisional Order since Deduction on Arrear Payment was allowed by AO after conducting Proper Inquiry [Read Order]")
![CIT cant invoke Revisionary Jurisdiction If conditions prescribed under Sec 263 of Income Tax Act are not fulfilled: Madras High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/06/Section-263-CIT-Revisionary-Jurisdiction-Sec-263-of-Income-Tax-Act-Madras-High-Court-Taxscan.jpeg "CIT cant invoke Revisionary Jurisdiction If conditions prescribed under Sec 263 of Income Tax Act are not fulfilled: Madras High Court [Read Judgment]")
![CBDT issues Clarification on Limitation Period for filing of Income Tax Appeals before CIT (Appeals) [Read Circular]](https://www.taxscan.in/wp-content/uploads/2021/05/CBDT-Income-Tax-Income-Tax-Appeals-Limitation-Period-CIT-Taxscan.jpg "CBDT issues Clarification on Limitation Period for filing of Income Tax Appeals before CIT (Appeals) [Read Circular]")
![Reopening of Assessment Void if Condition Precedent prescribed u/s 147 not fulfilled: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/Reopening-Assessment-Condition-Precedent-ITAT-taxscan.jpeg "Reopening of Assessment Void if Condition Precedent prescribed u/s 147 not fulfilled: ITAT [Read Order]")
Amendments made to Bye-laws for Society wouldn’t operate retrospectively while granting Registration u/s 12AA: Madras High Court [Read Judgment]
The Madras High Court ruled that amendments made to bye-laws for Society would not operate retrospectively while granting registration under section 12AA of the Income Tax Act. The assessee, Young...
![Amendments made to Bye-laws for Society wouldn’t operate retrospectively while granting Registration u/s 12AA: Madras High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/02/Amendments-bye-laws-granting-registration-Madras-High-court-Taxscan.jpeg "Amendments made to Bye-laws for Society wouldn’t operate retrospectively while granting Registration u/s 12AA: Madras High Court [Read Judgment]")
Forfeiture of Convertible Warrant has resulted in extinguishment of Right of Assessee to obtain a Share in issuer company: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench held that the forfeiture of the convertible warrant has resulted in the extinguishment of the right of the assessee to obtain a share in the...
![Forfeiture of Convertible Warrant has resulted in extinguishment of Right of Assessee to obtain a Share in issuer company: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/Forfeiture-extinguishment-of-the-right-assessee-issuer-company-ITAT-Taxscan.jpg "Forfeiture of Convertible Warrant has resulted in extinguishment of Right of Assessee to obtain a Share in issuer company: ITAT [Read Order]")
Cess paid can be deducted while computing Income chargeable under the head 'Profits and Gains of Business or Profession': ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench held that the cess paid can be deducted while computing income chargeable under the head “profits and gains of business or profession”. The...
![Cess paid can be deducted while computing Income chargeable under the head Profits and Gains of Business or Profession: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/12/Cess-computing-income-profits-gains-of-business-ITAT-Taxscan-1.jpg "Cess paid can be deducted while computing Income chargeable under the head Profits and Gains of Business or Profession: ITAT [Read Order]")
Assessment Order can’t erroneous merely for reason that PCIT doesn’t agree with view taken by AO: ITAT grants relief to Tata Housing
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench ruled that the Assessment order sought to be revised does not suffer from error merely for the reason that PCIT does not agree with one of the...
![ITAT Quashes Re-assessment Notice against Johnson & Johnson [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/08/ITAT-second-notice-reassessment-proceedings-Taxscan.jpg "ITAT Quashes Re-assessment Notice against Johnson & Johnson [Read Order]")
