![No Cogent and Satisfactory Explanation u/s 5 of Limitation Act: ITAT Refuses to Condone Delay of 781 Days [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Cogent-and-Satisfactory-Explanation-Limitation-Act-ITAT-ITAT-Refuses-to-Condone-Delay-of-781-Days-Condone-Delay-taxscan.jpg "No Cogent and Satisfactory Explanation u/s 5 of Limitation Act: ITAT Refuses to Condone Delay of 781 Days [Read Order]")
No Cogent and Satisfactory Explanation u/s 5 of Limitation Act: ITAT Refuses to Condone Delay of 781 Days [Read Order]
The Amritsar Bench of Income Tax Appellate Tribunal (ITAT) has refused to condone a delay of 781 days holding that cogent and satisfactory...
![Relief to Finesse International: Business Promotion Expenses for Improving Visibility of Brand Should Not Be Treated Personal, rules ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Relief-to-Finesse-International-Business-Promotion-Expenses-for-Improving-Visibility-of-Brand-Should-Not-Be-Treated-Personal-rules-ITAT-TAXSCAN.jpg "Relief to Finesse International: Business Promotion Expenses for Improving Visibility of Brand Should Not Be Treated Personal, rules ITAT [Read Order]")
![Assessee’s Delinquency and Lethargy in Pursuing Matter Before the Tax Authorities Attracts Cost: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Delinquency-Lethargy-Tax-Authorities-ITAT-Tax-Authorities-Attracts-Cost-taxscan.jpg "Assessee’s Delinquency and Lethargy in Pursuing Matter Before the Tax Authorities Attracts Cost: ITAT [Read Order]")
![ITAT Refuses to Condone a Delay of 1005 Days in Filing Income Tax Appeal without Reasonable Cause [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/ITAT-Refuses-to-Condone-a-Delay-ITAT-Condone-a-Delay-Filing-Income-Tax-Appeal-Income-Tax-Appeal-Appeal-Income-Tax-Filing-Income-Tax-Appeal-without-Reasonable-Cause-Taxscan.jpg "ITAT Refuses to Condone a Delay of 1005 Days in Filing Income Tax Appeal without Reasonable Cause [Read Order]")
![No Notice to Assessee and Ex-parte Decision in Addition and Confirmation of Cash Deposits: ITAT restores Matter to AO [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Notice-Ex-parte-Decision-Cash-Deposits-Confirmation-of-Cash-Deposits-ITAT-taxscan.jpg "No Notice to Assessee and Ex-parte Decision in Addition and Confirmation of Cash Deposits: ITAT restores Matter to AO [Read Order]")
Foreign Exchange Loss incurred for Converting Loan to Foreign Currency allowable as Business Loss: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Kolkata Bench, held that the loss incurred in foreign exchange for converting loan to foreign currency is allowable as business loss. The assessee’s unit...
![Foreign Exchange Loss incurred for Converting Loan to Foreign Currency allowable as Business Loss: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Foreign-Exchange-Loss-Foreign-Exchange-Foreign-Exchange-Loss-incurred-for-Converting-Loan-Converting-Loan-Loan-Foreign-Currency-allowable-as-Business-Loss-Foreign-Currency-Business-Loss-ITAT-Taxscan.jpg "Foreign Exchange Loss incurred for Converting Loan to Foreign Currency allowable as Business Loss: ITAT [Read Order]")
![ITAT quashes Revisional Order Against Lakme [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/ITAT-Revisional-Order-Lakme-Commissioner-of-Income-Tax-taxscan.jpg "ITAT quashes Revisional Order Against Lakme [Read Order]")
Failure to Establish Sufficient Cause for not Filling Appeals within the Prescribed Period of Limitation: ITAT upholds Dismissal of Appeals [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has recently, in an appeal filed before it, on failure to establish sufficient cause for not filling appeals within the prescribed period...
![Failure to Establish Sufficient Cause for not Filling Appeals within the Prescribed Period of Limitation: ITAT upholds Dismissal of Appeals [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/ITAT-Appeals-Limitation-Assessee-Commissioner-of-Income-tax-taxscan.jpg "Failure to Establish Sufficient Cause for not Filling Appeals within the Prescribed Period of Limitation: ITAT upholds Dismissal of Appeals [Read Order]")
ECB Loans to Indian Clients linked to PE in India: ITAT directs Tax Levy at 10% on Interest Income [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that External Commercial Borrowings (ECB) loans to Indian clients linked to PE in India and directed the tax levy at 10% on...
![ECB Loans to Indian Clients linked to PE in India: ITAT directs Tax Levy at 10% on Interest Income [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/ITAT-ECB-Tax-Levy-Commissioner-of-Income-Tax-taxscan.jpg "ECB Loans to Indian Clients linked to PE in India: ITAT directs Tax Levy at 10% on Interest Income [Read Order]")
No Disallowance on Assumption of getting Future Tax Free Income from Investment made by assesee : ITAT deletes Addition [Read Order]
The Kolkata bench of Income Tax Appellate Tribunal (ITAT) has recently held that disallowance made on the assumption of getting future tax free income from the investment made by the...
![No Disallowance on Assumption of getting Future Tax Free Income from Investment made by assesee : ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/ITAT-Kolkata-Disallowance-Tax-Free-Income-assesee-Commissioner-of-Income-Tax-taxscan.jpg "No Disallowance on Assumption of getting Future Tax Free Income from Investment made by assesee : ITAT deletes Addition [Read Order]")
