![Relief u/s 43B can be availed if the VAT liability was paid before due date of Filing Return: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/ITAT-Chennai-VAT-liability-filing-return-ITAT-taxscan.jpeg "Relief u/s 43B can be availed if the VAT liability was paid before due date of Filing Return: ITAT [Read Order]")
Relief u/s 43B can be availed if the VAT liability was paid before due date of Filing Return: ITAT [Read Order]
The Income Tax Appellate Tribunal ( ITAT ) Mumbai bench held that the relief u/s 43B of the Income Tax Act can be availed if the VAT liability was...
![Assessment Order passed after making necessary Inquiries can’t be Erroneous: ITAT quashes Revisional Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Assessment-order-ITAT-Revisional-Order-taxscan.jpeg "Assessment Order passed after making necessary Inquiries can’t be Erroneous: ITAT quashes Revisional Order [Read Order]")
![Debiting Service Tax in Profit and Loss Account cannot be reason for treating that Assessee has not Credited receipts in its Books: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/service-tax-profit-loss-account-assessee-receipts-books-ITAT-taxscan.jpg "Debiting Service Tax in Profit and Loss Account cannot be reason for treating that Assessee has not Credited receipts in its Books: ITAT [Read Order]")
![Late Action by New Auditor is reasonable cause for Non-Imposition of Penalty u/s 271B: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/auditor-penalty-ITAT-taxscan.jpeg "Late Action by New Auditor is reasonable cause for Non-Imposition of Penalty u/s 271B: ITAT [Read Order]")
![Entertainment subsidy falls under Capital Receipt: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Entertainment-subsidy-capital-receipt-ITAT-taxscan.jpg "Entertainment subsidy falls under Capital Receipt: ITAT [Read Order]")
![Amount advanced for Business Transactions cannot treated as Deemed Dividend: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Amount-business-transactions-Deemed-Dividend-ITAT-taxscan.jpg "Amount advanced for Business Transactions cannot treated as Deemed Dividend: ITAT [Read Order]")
![ITAT allows Half Depreciation as Asset was put to use on Temporary structure of Office [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/ITAT-depreciation-asset-office-taxscan.jpg "ITAT allows Half Depreciation as Asset was put to use on Temporary structure of Office [Read Order]")
Receiving Advances for purpose of availing Credit facilities, cannot be considered as gratuitous payments U/s 2(22)(e) of the Income Tax Act: ITAT
Receiving advances for purpose of availing credit facilities, cannot be considered as gratuitous payments under Section 2(22)(e) of the Income Tax Act, so was held by the Income Tax appellate...
Rejection of Books of Account is a precondition for making reference to DVO: ITAT holds DVO report illegal [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore held that, the report of the District Valuation Officer (DVO) was illegal on the ground that rejection of books of account is a precondition for...
![Rejection of Books of Account is a precondition for making reference to DVO: ITAT holds DVO report illegal [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/books-of-account-DVO-ITAT-DVO-report-illegal-taxscan.jpeg "Rejection of Books of Account is a precondition for making reference to DVO: ITAT holds DVO report illegal [Read Order]")
Onus of establishing Creditworthiness and Genuineness of Transactions is on Assessee under Section 68: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi bench consisting of Saktijit Dey, Judicial Member, and Pradip Kumar Kedia, Accountant Member held that the onus of establishing creditworthiness and...
![Onus of establishing Creditworthiness and Genuineness of Transactions is on Assessee under Section 68: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/creditworthiness-genuineness-transactions-assessee-ITAT-taxscan.jpg "Onus of establishing Creditworthiness and Genuineness of Transactions is on Assessee under Section 68: ITAT [Read Order]")
Filing of Defective Appeal is a Mere Technical Breach: ITAT Condones Delay, directs Re-Adjudication [Read Order]
In a significant ruling, the Income Tax Appellate Tribunal (ITAT), Ahmedabad bench consists of Shri Pradip Kumar Kedia, Accountant Member & Smt. Madhumita Roy, Judicial Member has held that the...
![Filing of Defective Appeal is a Mere Technical Breach: ITAT Condones Delay, directs Re-Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Filing-Defective-Appeal-Technical-Breach-ITAT-Condones-Delay-Re-Adjudication-taxscan.jpeg "Filing of Defective Appeal is a Mere Technical Breach: ITAT Condones Delay, directs Re-Adjudication [Read Order]")
Revision u/s 263 not fulfilled Conditions: ITAT sets aside Order as there is No Prejudice to Interest of Revenue [Read Order]
Conditions for revision under Section 263 are not fulfilled hence Income Tax Appellate Tribunal (ITAT), Ahmedabad set asides order as there is no prejudice to interest of revenue. The assessee,...
![Revision u/s 263 not fulfilled Conditions: ITAT sets aside Order as there is No Prejudice to Interest of Revenue [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Revision-ITAT-Order-interest-revenue-taxscan.jpg "Revision u/s 263 not fulfilled Conditions: ITAT sets aside Order as there is No Prejudice to Interest of Revenue [Read Order]")