![Excess Jewellery Beyond Specified WTR cannot be Treated as Stridhan to Claim Benefits under CBDT Circular: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Excess-Jewellery-Beyond-Specified-WTR-cannot-be-Treated-as-Stridhan-to-Claim-Benefits-under-CBDT-Circular-ITAT-TAXSCAN.jpg "Excess Jewellery Beyond Specified WTR cannot be Treated as Stridhan to Claim Benefits under CBDT Circular: ITAT [Read Order]")
Excess Jewellery Beyond Specified WTR cannot be Treated as Stridhan to Claim Benefits under CBDT Circular: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) in Delhi ruled that if there is additional jewelry beyond what was accounted for in the wealth tax...
![Additional Income Tax on Dividend paid by Domestic Company to Non-Resident Shareholders shall be at Rate Prescribed u/s115-O not DTAA: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Additional-Income-Tax-on-Dividend-paid-by-Domestic-Company-to-Shareholders-shall-be-at-Rate-Prescribed-DTAA-ITAT-TAXSCAN.jpg "Additional Income Tax on Dividend paid by Domestic Company to Non-Resident Shareholders shall be at Rate Prescribed u/s115-O not DTAA: ITAT [Read Order]")
![ITAT Deletes Addition for Cash Deposit on Account of Past Savings and Agricultural Operations [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/ITAT-Deletes-Addition-for-Cash-Deposit-on-Account-of-Past-Savings-and-Agricultural-Operations-TAXSCAN.jpg "ITAT Deletes Addition for Cash Deposit on Account of Past Savings and Agricultural Operations [Read Order]")
![Penalty imposed u/s 270A of Income Tax Act on Non-Disclosure of Interest Income in ROI is valid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Penalty-Income-Tax-Act-Income-Tax-Non-Disclosure-of-Interest-Income-in-ROI-is-valid-ITAT-Income-Taxscan.jpg "Penalty imposed u/s 270A of Income Tax Act on Non-Disclosure of Interest Income in ROI is valid: ITAT [Read Order]")
Ownership of Equipment in Bandwidth Selling Business: ITAT upholds Reduction in Profit eligible for Deduction in Revenue Sharing [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) has upheld the reduction in profit eligible for deduction in revenue sharing as the assessee had the ownership of equipment in bandwidth...
![Ownership of Equipment in Bandwidth Selling Business: ITAT upholds Reduction in Profit eligible for Deduction in Revenue Sharing [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Ownership-of-Equipment-in-Bandwidth-Selling-Business-Ownership-of-Equipment-Equipment-Selling-Business-ITAT-upholds-Reduction-ITAT-Deduction-in-Revenue-Sharing-Deduction-Revenue-Sharing-taxscan-.jpg "Ownership of Equipment in Bandwidth Selling Business: ITAT upholds Reduction in Profit eligible for Deduction in Revenue Sharing [Read Order]")
AO not bound to Make Enquiry unless Assessee has Discharged Initial Onus u/s 68: ITAT Upholds Addition [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has upheld the additional holding that the Assessing officer (AO) was not bound to make enquiry unless the assessee had discharged the initial...
![AO not bound to Make Enquiry unless Assessee has Discharged Initial Onus u/s 68: ITAT Upholds Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/AO-not-bound-to-Make-Enquiry-unless-Assessee-has-Discharged-Initial-Onus-us-68-ITAT-Upholds-Addition-TAXSCAN.jpg "AO not bound to Make Enquiry unless Assessee has Discharged Initial Onus u/s 68: ITAT Upholds Addition [Read Order]")
ITAT upholds Disallowance only with respect to Godown Leased to Banas Dairy for “Non-Agricultural” Purposes [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) has upheld the disallowance only with respect to the godown which was leased to Banas Diary for non-agricultural purposes. The assessee...
![ITAT upholds Disallowance only with respect to Godown Leased to Banas Dairy for “Non-Agricultural” Purposes [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/ITAT-Disallowance-Godown-Banas-Dairy-Non-Agricultural-Purposes-Taxscan.jpg "ITAT upholds Disallowance only with respect to Godown Leased to Banas Dairy for “Non-Agricultural” Purposes [Read Order]")
![Waiver of Loan is Not Business Income, Not Taxable u/s 28(i) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Waiver-Loan-Business-Income-Taxable-Income-Tax-Act-ITAT-TAXSCAN.jpg "Waiver of Loan is Not Business Income, Not Taxable u/s 28(i) of Income Tax Act: ITAT [Read Order]")
Distribution of Samples of Infant Milk Substitutes, Feeding Bottles and Infant Foods are Legally Prohibited Activities: ITAT disallows Expenditure [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has disallowed expenditure holding that the distribution of samples of infant milk substitute, feeding bottles and infant foods were legally...
![Distribution of Samples of Infant Milk Substitutes, Feeding Bottles and Infant Foods are Legally Prohibited Activities: ITAT disallows Expenditure [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Infant-Milk-Substitutes-Feeding-Bottles-Infant-Foods-ITAT-Expenditure-TAXSCAN.jpg "Distribution of Samples of Infant Milk Substitutes, Feeding Bottles and Infant Foods are Legally Prohibited Activities: ITAT disallows Expenditure [Read Order]")
Non-Compliance of Statutory Notices due to Unavoidable Circumstances: ITAT Imposes Cost of Rs. 10,000 on Assessee for Callous and Non-Cooperation Attitude [Read Order]
The Hyderabad bench of Income Tax Appellate Tribunal (ITAT) while observing non-compliance of statutory notices due to unavoidable circumstances imposed cost of Rupees 10,000 on assessee for...
![Non-Compliance of Statutory Notices due to Unavoidable Circumstances: ITAT Imposes Cost of Rs. 10,000 on Assessee for Callous and Non-Cooperation Attitude [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Non-Compliance-of-Statutory-Notices-ITAT-TAXSCAN.jpg "Non-Compliance of Statutory Notices due to Unavoidable Circumstances: ITAT Imposes Cost of Rs. 10,000 on Assessee for Callous and Non-Cooperation Attitude [Read Order]")
Status and Traditional Practices shall be Considered during Addition of Unexplained Jewellery: ITAT Allows Further Benefit of 600 Grams of Jewellery to NRI woman [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal (ITAT) has allowed the benefit of 600 grams of jewellery to the NRI women observing that the status and traditional practices should be...
![Status and Traditional Practices shall be Considered during Addition of Unexplained Jewellery: ITAT Allows Further Benefit of 600 Grams of Jewellery to NRI woman [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Status-and-Traditional-Practices-Unexplained-Jewellery-ITAT-NRI-woman-TAXSCAN.jpg "Status and Traditional Practices shall be Considered during Addition of Unexplained Jewellery: ITAT Allows Further Benefit of 600 Grams of Jewellery to NRI woman [Read Order]")