![Deposit in no-lien/escrow account will not constitute Actual Payment, No Income Tax Deduction allowable: Orissa High Court [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Deposit-Actual-Payment-Income-Tax-Deduction-Orissa-High-Court-taxscan.jpg "Deposit in no-lien/escrow account will not constitute Actual Payment, No Income Tax Deduction allowable: Orissa High Court [Read Order]")
Deposit in 'no-lien/escrow account' will not constitute 'Actual Payment', No Income Tax Deduction allowable: Orissa High Court [Read Order]
A division bench of the Orissa High Court has held that deposit of amount in 'no-lien/escrow account' will not constitute 'actual payment' under...
![CIT (A) has No Power u/s 251 (1)(A) to set aside Matter before the AO; Reasonable Opportunity of hearing should be given to AO: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/CIT-A-251-1A-AO-ITAT-Taxscan.jpeg "CIT (A) has No Power u/s 251 (1)(A) to set aside Matter before the AO; Reasonable Opportunity of hearing should be given to AO: ITAT [Read Order]")
![High Court cannot interfere with the Findings of fact recorded By ITAT while exercising Appellate Jurisdiction: Delhi HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2022/03/High-Court-ITAT-Appellate-Jurisdiction-Delhi-High-Court-taxscan.jpg "High Court cannot interfere with the Findings of fact recorded By ITAT while exercising Appellate Jurisdiction: Delhi HC [Read Judgment]")
![No Service Tax can be levied on Partner for his role in a Partnership Firm: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/CESTAT-Delhi-Service-Tax-levied-Partner-Partnership-Firm-CESTAT-Taxscan.jpg "No Service Tax can be levied on Partner for his role in a Partnership Firm: CESTAT [Read Order]")
![Payments made by ONGC to Foreign Companies towards Charter Hire of Tugs assessable u/s 44BB of Income Tax Act: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Payments-ONGC-Foreign-Companies-Charter-Hire-Tugs-Income-Tax-Act-Bombay-High-Court-under-Section-44BB-Taxscan.jpg "Payments made by ONGC to Foreign Companies towards Charter Hire of Tugs assessable u/s 44BB of Income Tax Act: Bombay HC [Read Order]")
Unregistered Association of Persons formed by Agreement merging Two Charitable Trusts eligible for Income Tax Exemption: ITAT [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has ruled that the unregistered Association of Persons formed by agreement merging two charitable Trusts eligible for exemption under Income...
![Unregistered Association of Persons formed by Agreement merging Two Charitable Trusts eligible for Income Tax Exemption: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/02/Unregistered-Association-of-Persons-agreement-charitable-Trusts-under-Income-Tax-ITAT-TAXSCAN.jpg "Unregistered Association of Persons formed by Agreement merging Two Charitable Trusts eligible for Income Tax Exemption: ITAT [Read Order]")
Revisionary Power of PCIT can’t be invoked as AO had scrupulously discharged the duty: ITAT [Read Order]
The Amritsar Bench of Income Tax Appellate Tribunal (ITAT) held that the revisionary Power of PCIT cannot be invoked as AO had scrupulously discharged the duty. The assessee, Paradise Rubber...
![Revisionary Power of PCIT can’t be invoked as AO had scrupulously discharged the duty: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/12/Revisionary-Power-ITAT-ITAT-Amritsar-Taxscan.jpg "Revisionary Power of PCIT can’t be invoked as AO had scrupulously discharged the duty: ITAT [Read Order]")
CBDT notifies E-Verification Scheme, 2021 for Collection of Information of Assessee by Assessing Officer [Read Notification]
The Central Board of Direct Taxes (CBDT) has rolled out the e-Verification Scheme, 2021 for the Collection of Information of Assessee by the AO. This Scheme will be applicable for ​​calling for...
![CBDT notifies E-Verification Scheme, 2021 for Collection of Information of Assessee by Assessing Officer [Read Notification]](https://www.taxscan.in/wp-content/uploads/2021/12/CBDT-e-verification-scheme-collection-of-information-assessee-AO-Taxscan1.jpeg "CBDT notifies E-Verification Scheme, 2021 for Collection of Information of Assessee by Assessing Officer [Read Notification]")
Period of Limitation to be reckoned from Date of Revision order passed by Assessing Officer: Calcutta HC [Read Order]
The Calcutta High Court held that period of limitation to be reckoned from the date of the Revision order passed by the AO. The short question involved in the instant appeal is whether the...
![Period of Limitation to be reckoned from Date of Revision order passed by Assessing Officer: Calcutta HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/11/calcutta-high-court-AO-revision-order-taxscan.jpg "Period of Limitation to be reckoned from Date of Revision order passed by Assessing Officer: Calcutta HC [Read Order]")
Depreciation allowable as Application of Income on Charitable Objects: Madras High Court [Read Judgment]
The Madras High Court ruled that the depreciation is allowable as application of income on charitable objects. The respondent-assessee, M/s.Ramananda Adigalar Foundation Kumaraguru College of Tech...
![Depreciation allowable as Application of Income on Charitable Objects: Madras High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/06/Depreciation-income-charitable-objects-Madras-High-Court-Taxscan.jpg "Depreciation allowable as Application of Income on Charitable Objects: Madras High Court [Read Judgment]")
![PCIT cant assume Jurisdiction u/s 263 when AO has made Sufficient Enquiry: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/Assessment.jpg "PCIT cant assume Jurisdiction u/s 263 when AO has made Sufficient Enquiry: ITAT [Read Order]")