![Cash Deposited during Demonetization period did not exceed Threshold Limit: ITAT deletes Income Tax Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Cash-Deposited-Demonetization-period-Threshold-Limit-ITAT-Income-Tax-Addition-TAXSCAN.jpeg "Cash Deposited during Demonetization period did not exceed Threshold Limit: ITAT deletes Income Tax Addition [Read Order]")
Cash Deposited during Demonetization period did not exceed Threshold Limit: ITAT deletes Income Tax Addition [Read Order]
The Income Tax Appellate Tribunal (ITAT), New Delhi Bench deleted addition as cash deposited during demonetization period does not exceed threshold...
![Non-consideration of Partnership Deed and Supplementary Deed furnished by Assessee: ITAT sets aside Assessment Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/consideration-Partnership-Supplementary-Assessee-ITAT-Assessment-Order-TAXSCAN.jpg "Non-consideration of Partnership Deed and Supplementary Deed furnished by Assessee: ITAT sets aside Assessment Order [Read Order]")
![Dismissal of Appeal merely because of Application filed for SVLDRS and withdrawn subsequently is not valid: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Appeal-merely-Application-SVLDRS-CESTAT-TAXSCAN.jpeg "Dismissal of Appeal merely because of Application filed for SVLDRS and withdrawn subsequently is not valid: CESTAT [Read Order]")
![Contract by Exclusive Dealer of Bentley Cars with Indian Customers for Extended Warranty does not create a PE: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Exclusive-Dealer-Bentley-Cars-Indian-Customers-Extended-Warranty-ITAT-TAXSCAN.jpg "Contract by Exclusive Dealer of Bentley Cars with Indian Customers for Extended Warranty does not create a PE: ITAT [Read Order]")
![Application of Valuation method of Rule 11UA upon Preferential Shares: ITAT deletes Addition of Rs 72 Lakhs [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Application-Valuation-Preferential-Shares-ITAT-Addition-TAXSCAN.jpg "Application of Valuation method of Rule 11UA upon Preferential Shares: ITAT deletes Addition of Rs 72 Lakhs [Read Order]")
Setting aside of Assessment by citing jurisdictional defect is Technical Error: ITAT deletes Penalty [Read Order]
The Income Tax Appellate Tribunal (ITAT), New Delhi Bench deleted penalty and held that setting aside of assessment by citing jurisdictional defect is technical error. The assessee in the present...
![Setting aside of Assessment by citing jurisdictional defect is Technical Error: ITAT deletes Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Assessment-jurisdictional-Technical-ITAT-Penalty-TAXSCAN.jpg "Setting aside of Assessment by citing jurisdictional defect is Technical Error: ITAT deletes Penalty [Read Order]")
GST Council impleaded for ascertaining time required for Approval of Altered Packing Material: Delhi HC Issues Notice [Read Order]
By a recent interim order of a Division Bench of the High Court of Delhi, comprising Justice Najmi Waziri and Justice Vikas Mahajan, the GST Council was impleaded for ascertaining the time required...
![GST Council impleaded for ascertaining time required for Approval of Altered Packing Material: Delhi HC Issues Notice [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/GST-Council-Approval-Packing-Material-Delhi-HC-Issues-Notice-TAXSCAN.jpg "GST Council impleaded for ascertaining time required for Approval of Altered Packing Material: Delhi HC Issues Notice [Read Order]")
Receipt of Loan and Cash Gift as Tradition in Marriage of a Female: ITAT directs Dept to Re-Verify Claim [Read Order]
The Delhi bench of the Income tax Appellate Tribunal (ITAT), while allowing the appeal of the assesse, has directed the income tax department to re-verify the claim in connection with the receipt of...
![Receipt of Loan and Cash Gift as Tradition in Marriage of a Female: ITAT directs Dept to Re-Verify Claim [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Receipt-Loan-Cash-Gift-Tradition-Marriage-Female-ITAT-Re-Verify-Claim-TAXSCAN.jpg "Receipt of Loan and Cash Gift as Tradition in Marriage of a Female: ITAT directs Dept to Re-Verify Claim [Read Order]")
Disallowance of Expenditure on Estimated or Notional basis does not attract Penalty provision u/s 271: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench has held that disallowance of expenditure on an estimated or notional basis does not attract penalty provision under section 271. During the...
![Disallowance of Expenditure on Estimated or Notional basis does not attract Penalty provision u/s 271: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Disallowance-Expenditure-Notional-basis-Penalty-provision-taxscan.jpg "Disallowance of Expenditure on Estimated or Notional basis does not attract Penalty provision u/s 271: ITAT [Read Order]")
Amount Spent outside India on account of Boarding and Lodging local transport is not application Income u/s 11(1)(a): ITAT [Read Order]
Amount spent outside India on account of boarding and lodging local transport is not application income u/s 11(1)(a), so was held by Income Tax Appellate Tribunal (ITAT), New Delhi. The assessee,...
![Amount Spent outside India on account of Boarding and Lodging local transport is not application Income u/s 11(1)(a): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Amount-account-lodging-local-transport-application-income-ITAT-taxscan.jpeg "Amount Spent outside India on account of Boarding and Lodging local transport is not application Income u/s 11(1)(a): ITAT [Read Order]")
Gratuitous Loan by Company to Shareholders in Return to an advantage cannot be treated as Deemed Dividend: ITAT deletes Addition u/s 2(22)(e)
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) presided by Mr. Anil Chaturvedi, Accountant Member, and Ms. Astha Chandra, Judicial Member has held that gratuitous loan by the company to...
Serving of Liqour on Seminars conducted by Federation of Delhi Textile Merchants is not 'Charitable Activity': ITAT directs Fresh Adjudication [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi bench, while directing the income tax department to conduct a fresh adjudication in granting tax exemption to Federation of Delhi Textile Merchants,...
![Serving of Liqour on Seminars conducted by Federation of Delhi Textile Merchants is not Charitable Activity: ITAT directs Fresh Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Serving-of-Liqour-on-Seminars-conducted-by-Federation-of-Delhi-Textile-Merchants-Charitable-Activity-ITAT-Adjudication-taxscan.jpg "Serving of Liqour on Seminars conducted by Federation of Delhi Textile Merchants is not Charitable Activity: ITAT directs Fresh Adjudication [Read Order]")