![Rejecting TP Analysis without Giving any Specific Reason is invalid, CIT(A) validates TP Report: ITAT upholds Order of CIT(A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/T-P-Analysis-CITA-TP-Report-ITAT-ITAT-Upholds-Order-of-CITA-Rejecting-T-P-Analysis-without-Giving-any-Specific-Reason-taxscan.jpg "Rejecting TP Analysis without Giving any Specific Reason is invalid, CIT(A) validates TP Report: ITAT upholds Order of CIT(A) [Read Order]")
Rejecting TP Analysis without Giving any Specific Reason is invalid, CIT(A) validates TP Report: ITAT upholds Order of CIT(A) [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) upheld the order of the Commissioner of Income Tax (Appeals) which validated the...
![ITAT Annual Digest [Part 54]](https://www.taxscan.in/wp-content/uploads/2024/01/ITAT-ANNUAL-DIGEST-PART-54-ITAT-ITAT-ANNUAL-DIGEST-taxscan.jpg "ITAT Annual Digest [Part 54]")
![ITAT Annual Digest [Part18]](https://www.taxscan.in/wp-content/uploads/2024/01/ITAT-ITAT-ANNUAL-DIGEST-ANNUAL-DIGEST-PART-18-ITAT-ANNUAL-DIGEST-PART-18-taxscan.jpg "ITAT Annual Digest [Part18]")
![Advance received against booking of flats are not Unexplained Amount: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Advance-booking-of-flats-Unexplained-Amount-ITAT-TAXSCAN.jpg "Advance received against booking of flats are not Unexplained Amount: ITAT deletes Addition [Read Order]")
![Death of Director and CA of Assessee Company is a reasonable Cause in Filling Delay Appeal: ITAT set aside Order of CIT(A)[Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Death-of-Director-CA-of-Assessee-Company-Assessee-Company-Filling-Delay-Appeal-ITAT-CITA-taxscan.jpg "Death of Director and CA of Assessee Company is a reasonable Cause in Filling Delay Appeal: ITAT set aside Order of CIT(A)[Read Order]")
![Delhi HC upholds Deletion of Income Tax Addition made on investment in Wrist Watches [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Income-Tax-Addition-investment-in-Wrist-Watches-Delhi-high-court-Income-Tax-on-Wrist-Watches-investment-Wrist-Watches-taxscan.jpg "Delhi HC upholds Deletion of Income Tax Addition made on investment in Wrist Watches [Read Order]")
ITAT directs to allow Deduction on claim of Guarantee provided by trust to lending institution [Read Order]
The Income Tax Appellate Tribunal (ITAT) Mumbai bench directed the allowance of a deduction for the claim of guarantee provided by the Credit Guarantee Fund Trust for Micro and Small Enterprises, an...
![ITAT directs to allow Deduction on claim of Guarantee provided by trust to lending institution [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/ITAT-Deduction-on-claim-of-Guarantee-provided-by-trust-lending-institution-TAXSCAN.jpg "ITAT directs to allow Deduction on claim of Guarantee provided by trust to lending institution [Read Order]")
Guarantee fee charged by trust for providing third-party guarantee to small-scale industries does not amount to profit motive: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) Mumbai bench held that the guarantee fee charged by the trust for providing third-party guarantees to small-scale industries did not amount to a profit...
![Guarantee fee charged by trust for providing third-party guarantee to small-scale industries does not amount to profit motive: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Guarantee-fee-charged-by-trust-for-providing-third-party-guarantee-to-small-scale-industries-amount-toprofit-motive-ITAT-TAXSCAN.jpg "Guarantee fee charged by trust for providing third-party guarantee to small-scale industries does not amount to profit motive: ITAT [Read Order]")
![Non-Acceptance of Fresh Evidence u/r 46A: ITAT remands Income Tax Appeal to CIT(A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Evidence-Non-Acceptance-of-Fresh-Evidence-ITAT-Income-Tax-Appeal-CITA-ITAT-remands-Income-Tax-Appeal-to-CITA-taxscan.jpg "Non-Acceptance of Fresh Evidence u/r 46A: ITAT remands Income Tax Appeal to CIT(A) [Read Order]")
ITAT directs AO to consider stamp duty value on date of Letter of Allotment for making addition u/s 56(2)(vii)(b) I.T Act [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai bench, directed the Assessing Officer (AO) to consider the stamp duty value on the date of the letter of allotment for making additions under section...
![ITAT directs AO to consider stamp duty value on date of Letter of Allotment for making addition u/s 56(2)(vii)(b) I.T Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/ITAT-AO-stamp-duty-Letter-of-Allotment-I.T-Act-ITAT-directs-AO-to-consider-stamp-duty-value-taxscan.jpg "ITAT directs AO to consider stamp duty value on date of Letter of Allotment for making addition u/s 56(2)(vii)(b) I.T Act [Read Order]")
[BREAKING] Supreme Court upholds Adoption of Written Down Value Method for Computing Depreciation of Assets used by Jindal Steel & Power for Power Generation [Read Order]
The Supreme Court of India, in a major relief to Jindal Steel and Power, upheld the adoption of Written Down Value (WDV) method in place of the straight line method while computing depreciation on...
Life Insurance Business prepares Financial Statement as per IRDA regulations, for Purpose of Taxation Section 44 can Apply: ITAT grants relief to HDFC Life Insurance [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) granted relief to HDFC Life Insurance Company and held that when the life insurance business prepares the financial statement as per the...
![Life Insurance Business prepares Financial Statement as per IRDA regulations, for Purpose of Taxation Section 44 can Apply: ITAT grants relief to HDFC Life Insurance [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Life-Insurance-Business-Financial-Statement-IRDA-regulations-Taxation-ITAT-grants-relief-HDFC-Life-Insurance-TAXSCAN.jpg "Life Insurance Business prepares Financial Statement as per IRDA regulations, for Purpose of Taxation Section 44 can Apply: ITAT grants relief to HDFC Life Insurance [Read Order]")