![ITAT quashes Assessment since Reasons recorded were wrong, non-existing and incorrect facts [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/01/ITAT-Quashes-Assessment-incorrect-facts-Taxscan.jpeg "ITAT quashes Assessment since Reasons recorded were wrong, non-existing and incorrect facts [Read Order]")
ITAT quashes Assessment since Reasons recorded were wrong, non-existing and incorrect facts [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench quashed the assessment since the reasons recorded were wrong, non-existing, and incorrect...
![Refunded excess amount of Remuneration as per provisions of Companies Act, 1956, can’t be held as Income of Assessee: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/01/excess-amount-of-remuneration-provisions-of-Companies-Act-income-of-assessee-ITAT-Taxscan.jpg "Refunded excess amount of Remuneration as per provisions of Companies Act, 1956, can’t be held as Income of Assessee: ITAT [Read Order]")
![Delhi High Court upholds addition against Educational Trust as Donations were found to be Bogus [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/01/Delhi-High-Court-educational-trust-donations-bogus-Brijbasi-Education-and-Welfare-Society-Taxscan.jpg "Delhi High Court upholds addition against Educational Trust as Donations were found to be Bogus [Read Judgment]")
![Relief to India International Centre: ITAT allows Exemption for Activities undertaken for ‘Charitable Purpose’ [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/01/IIC-India-International-Centre-ITAT-exemption-charitable-purpose-Taxscan.jpg "Relief to India International Centre: ITAT allows Exemption for Activities undertaken for ‘Charitable Purpose’ [Read Order]")
![AO cannot invoke Section 68 merely because Explanation from Assessee was “Unsatisfactory”: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/12/AO-Section-68-Assessee-Unsatisfactory-ITAT-taxscan.jpg "AO cannot invoke Section 68 merely because Explanation from Assessee was “Unsatisfactory”: ITAT [Read Order]")
![Penalty Proceedings shall not survive if Assessment is Debatable: Delhi High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/12/Penalty-Proceedings-Assessment-is-Debatable-Delhi-High-Court-Taxsan.jpg "Penalty Proceedings shall not survive if Assessment is Debatable: Delhi High Court [Read Judgment]")
ITAT deletes disallowance as the Payments were not chargeable to Tax as Employees of AEs working for Taxpayer [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench deleted the disallowance under Section 40(a)(i) as the payments were not chargeable to tax as employees of Associated Enterprises (AEs) working...
![ITAT deletes disallowance as the Payments were not chargeable to Tax as Employees of AEs working for Taxpayer [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/12/ITAT-disallowance-payments-employees-of-AEs-taxpayer-Taxscan.jpg "ITAT deletes disallowance as the Payments were not chargeable to Tax as Employees of AEs working for Taxpayer [Read Order]")
ITAT can’t dismiss application merely on the basis of seeking frequent adjournments: Delhi High Court [Read Judgment]
The Delhi High Court held that the ITAT can not dismiss an application merely on the basis of seeking frequent adjournments. The Petitioner, M/s Kalra Papers Private Limited filed its Return of...
![ITAT can’t dismiss application merely on the basis of seeking frequent adjournments: Delhi High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/12/ITAT-adjournments-Delhi-High-Court-Taxscan.jpg "ITAT can’t dismiss application merely on the basis of seeking frequent adjournments: Delhi High Court [Read Judgment]")
Penalty can't be imposed where Concealment of Income has not been proven: Delhi High Court [Read Order]
The Delhi High Court, while quashing the appeal of the revenue held that penalty cannot be imposed where concealment of income has not been proven. The assessing officer had passed the assessment...
![Penalty cant be imposed where Concealment of Income has not been proven: Delhi High Court [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/12/Penalty-concealment-of-income-Delhi-High-Court-Taxscan.jpg "Penalty cant be imposed where Concealment of Income has not been proven: Delhi High Court [Read Order]")
Outward Freight in India except Import Freight be not considered for adjustment as it doesn't operate from transaction perspective: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), New Delhi Bench held that outward freight in India except import freight should not be considered for adjustment as it does not operate from a transaction...
![Outward Freight in India except Import Freight be not considered for adjustment as it doesnt operate from transaction perspective: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/12/Outward-freight-in-India-import-freight-transaction-perspective-ITAT-Michelin-Taxscan.jpg "Outward Freight in India except Import Freight be not considered for adjustment as it doesnt operate from transaction perspective: ITAT [Read Order]")
CIT(A) cannot reject Appeal on Technical ground without giving an opportunity for Correction: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench held that CIT(A) cannot reject Appeal on technical grounds without giving an opportunity for Correction. The AO passed the ex-parte assessment...
![CIT(A) cannot reject Appeal on Technical ground without giving an opportunity for Correction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/12/CITA-reject-Appeal-opportunity-for-Correction-ITAT-Taxscan.jpg "CIT(A) cannot reject Appeal on Technical ground without giving an opportunity for Correction: ITAT [Read Order]")
![No Tax on Compensation received for loss of Trees: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/12/tree-Tax-Compensation-loss-of-Trees-ITAT-Taxscan.jpeg "No Tax on Compensation received for loss of Trees: ITAT [Read Order]")