DGFT Releases Import Allocation Guidelines for Petroleum Coke in Aluminium and CPC Industries for FY 2024-25 [Read Notification]
The Directorate General of Foreign Trade ( DGFT ), vide Public Notice No. 49/2023 dated March 11, 2024, issued the guidelines for Import on...
![Failure to file form 10IC due to Non-appearance: ITAT Allows Concessional rate of tax u/s 115BAA of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/Failure-file-form-10IC-Non-appearance-ITAT-Concessional-rate-of-tax-Income-Tax-Act-taxscan.jpg "Failure to file form 10IC due to Non-appearance: ITAT Allows Concessional rate of tax u/s 115BAA of Income Tax Act [Read Order]")
![Â ITAT Annual Digest [PART 47]](https://www.taxscan.in/wp-content/uploads/2024/01/ITAT-ITAT-ANNUAL-DIGEST-PART-52-ITAT-ANNUAL-DIGEST-taxscan.jpg "Â ITAT Annual Digest [PART 47]")
Form-67 Filed Before Issuance of Intimation: Madras HC directs Income Tax Dept to consider FTC Claim [Read Order]
The Madras High Court has directed the Income Tax department to consider the Foreign Tax Credit (FTC) claim as Form 67 filed before the issuance of intimation. Duraiswamy Kumaraswamy, the...
![Form-67 Filed Before Issuance of Intimation: Madras HC directs Income Tax Dept to consider FTC Claim [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/FTC-Claim-Income-Tax-Dept-to-consider-FTC-Claim-Madras-High-Court-taxscan.jpg "Form-67 Filed Before Issuance of Intimation: Madras HC directs Income Tax Dept to consider FTC Claim [Read Order]")
Exemption u/s 10(23B) of Income Tax Act cannot be denied for Mere Technical Violation: ITAT [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal (ITAT) has held that the exemption under Section 10(23B) of Income Tax Act 1961 could not be denied for mere technical violation. The assessee,...
![Exemption u/s 10(23B) of Income Tax Act cannot be denied for Mere Technical Violation: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Exemption-Under-Section-1023B-ITAT-Income-Tax-Act-Income-Tax-Mere-Technical-Violation-Technical-Violation-TAXSCAN.jpg "Exemption u/s 10(23B) of Income Tax Act cannot be denied for Mere Technical Violation: ITAT [Read Order]")
Unit Linked Insurance Scheme is Not Life Insurance: Redemption of ULIP Taxable as "Capital Gain", rules ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) held that Life being insured by transaction would not alter the basic character of transaction under Section 10(10D). The assessee filed...
![Unit Linked Insurance Scheme is Not Life Insurance: Redemption of ULIP Taxable as Capital Gain, rules ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Insurance-Scheme-Life-Insurance-Redemption-ULIP-Taxable-Capital-Gain-ITAT-TAXSCAN.jpg "Unit Linked Insurance Scheme is Not Life Insurance: Redemption of ULIP Taxable as Capital Gain, rules ITAT [Read Order]")
Failure of AO to Consider Documents with Respect to Tax Deduction on FTS under India UK DTAA: ITAT directs Readjudication [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) directed readjudication on the issue that the Assessing Officer failed to consider the documents with respect to a tax deduction on FTS...
![Failure of AO to Consider Documents with Respect to Tax Deduction on FTS under India UK DTAA: ITAT directs Readjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Failure-AO-Documents-Failure-of-AO-to-Consider-Documents-with-Respect-to-Tax-Deduction-Tax-Deduction-FTS-India-UK-DTAA-DTAA-taxscan.jpg "Failure of AO to Consider Documents with Respect to Tax Deduction on FTS under India UK DTAA: ITAT directs Readjudication [Read Order]")
Appeal failed in absence of Name of Assesee in Form 26AS: ITAT allows to Make Necessary Corrections [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) allowed necessary corrections when the appeal failed in the absence of the name of the assessee in Form 26AS. The representative on...
![Appeal failed in absence of Name of Assesee in Form 26AS: ITAT allows to Make Necessary Corrections [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Appeal-Name-Assesee-Form-26AS-ITAT-Necessary-Corrections-TAXSCAN.jpg "Appeal failed in absence of Name of Assesee in Form 26AS: ITAT allows to Make Necessary Corrections [Read Order]")
No Defective Notice Can be Issued by CPC If Business Receipt is Less than Threshold Limit Prescribed u/s 44AB of Income Tax Act: ITAT [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) held that the gross business receipts was less than the threshold limit of Rs.1.00 crore prescribed under Section 44AB of the Income Tax ...
![No Defective Notice Can be Issued by CPC If Business Receipt is Less than Threshold Limit Prescribed u/s 44AB of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/No-Defective-Notice-Defective-Notice-No-Defective-Notice-Can-be-Issued-by-CPC-CPC-taxscan.jpg "No Defective Notice Can be Issued by CPC If Business Receipt is Less than Threshold Limit Prescribed u/s 44AB of Income Tax Act: ITAT [Read Order]")