![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...
![CIT (A) cannot Extend Time for Submission of Audit Report u/s 142 (2C ) of Income Tax Act: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/CIT-A-Extend-Time-for-Submission-of-Audit-Report-Income-Tax-Act-Delhi-HC-TAXSCAN.jpg "CIT (A) cannot Extend Time for Submission of Audit Report u/s 142 (2C ) of Income Tax Act: Delhi HC [Read Order]")
![ITAT Annual Digest [Part 59]](https://www.taxscan.in/wp-content/uploads/2024/01/itat-digest-annual-digest-taxscan-.jpg "ITAT Annual Digest [Part 59]")
Relief to Kalyan Jewellers: Kerala HC Stays Coercive Steps on Apprehension of Income Tax Assessment Order Enforcement during Appeal Proceedings [Read Order]
A single judge bench of the Kerala High Court has imposed a stay on proceedings against Kalyan jewelers by the Income tax department. The assessee contends that, displeased with the assessment...
![Relief to Kalyan Jewellers: Kerala HC Stays Coercive Steps on Apprehension of Income Tax Assessment Order Enforcement during Appeal Proceedings [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Kalyan-Jewellers-Kerala-high-court-Coercive-Steps-on-Apprehension-Income-Tax-Assessment-Order-taxscan.jpg "Relief to Kalyan Jewellers: Kerala HC Stays Coercive Steps on Apprehension of Income Tax Assessment Order Enforcement during Appeal Proceedings [Read Order]")
Provisions of Deemed Dividend u/s 2(22)(e) of Income Tax Act can only be invoked against Shareholder: ITAT [Read Order]
An estimated addition of 10% (Rs.48,53,306/-) to the assessee's income was made due to lacking account books and vouchers. The Commissioner of Income Tax (Appeals) examined and deleted the addition...
![Provisions of Deemed Dividend u/s 2(22)(e) of Income Tax Act can only be invoked against Shareholder: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Deemed-Dividend-Provisions-Income-Tax-Act-Shareholder-ITAT-Income-Tax-TAXSCAN.jpg "Provisions of Deemed Dividend u/s 2(22)(e) of Income Tax Act can only be invoked against Shareholder: ITAT [Read Order]")
![Disallowance u/s 14 A of Income Tax Act Cannot Exceed Exempt Income: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Income-Tax-Act-Disallowance-Exempt-Income-Delhi-High-Court-Income-Tax-TAXSCAN.jpg "Disallowance u/s 14 A of Income Tax Act Cannot Exceed Exempt Income: Delhi HC [Read Order]")
Usage of Document found at business premises of Partnership Firm against Partners: Delhi HC closes appeal without substantial Question of Law
In a recent case, the Delhi High Court, while closing the appeal as no substantial question of law, held that documents found at the business premises of partnership firms could not be used against...
Proceedings u/s 153 C of Income Tax Act is not Valid in Absence of Incriminating material: Delhi HC [Read Order]
The Delhi High Court proceedings under section 153 C of the Income Tax Act, 1961 are not valid in the absence of incriminating material. The appellant/revenue is the order dated 24.03.2017 passed...
![Proceedings u/s 153 C of Income Tax Act is not Valid in Absence of Incriminating material: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Incriminating-material-Income-Tax-Act-Delhi-High-Court-Income-Tax-Incriminating-Tax-News-TAXSCAN.jpg "Proceedings u/s 153 C of Income Tax Act is not Valid in Absence of Incriminating material: Delhi HC [Read Order]")
No Weighted Average Cost of Capital method can be applied for purpose of computing ALP of Royalty income: ITAT Upholds Deletion of Adjustments in favour of Britannia Industries [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) upheld the deletion of adjustments in favor of Britannia Industries and held that the weighted average cost of capital (WACC) method...
![No Weighted Average Cost of Capital method can be applied for purpose of computing ALP of Royalty income: ITAT Upholds Deletion of Adjustments in favour of Britannia Industries [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/No-Weighted-Average-Cost-Average-Cost-Average-Cost-of-Capital-method-computing-ALP-ALP-Royalty-income-Royalty-ITAT-taxscan.jpg "No Weighted Average Cost of Capital method can be applied for purpose of computing ALP of Royalty income: ITAT Upholds Deletion of Adjustments in favour of Britannia Industries [Read Order]")
Relief to Britannia Industries: ITAT Allows claim of Deduction for Lease Premium on ground of Absence of Capital Expenditure [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) granted relief to Britannia Industries by allowing the claim of deduction for lease premium on the ground of the absence of capital...
![Relief to Britannia Industries: ITAT Allows claim of Deduction for Lease Premium on ground of Absence of Capital Expenditure [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Relief-Relief-to-Britannia-Industries-Britannia-Industries-ITAT-claim-Deduction-claim-of-Deduction-ITAT-Allows-claim-of-Deduction-Lease-Premium-Capital-Expenditure-taxscan.jpg "Relief to Britannia Industries: ITAT Allows claim of Deduction for Lease Premium on ground of Absence of Capital Expenditure [Read Order]")