![ITAT Rules TRC as Sole Evidence for DTAA Benefits, Deletes Tax Liability on Mauritius Company [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/ITAT-Rules-TRC-Sole-Evidence-DTAA-Benefits-Deletes-Tax-Liability-Mauritius-Company-TAXSCAN.jpg "ITAT Rules TRC as Sole Evidence for DTAA Benefits, Deletes Tax Liability on Mauritius Company [Read Order]")
ITAT Rules TRC as Sole Evidence for DTAA Benefits, Deletes Tax Liability on Mauritius Company [Read Order]
The New Delhi Bench of the Income Tax Appellate Tribunal (ITAT) recently ruled that the Tax Residency Certificate (TRC) is sole evidence for Double...
![Addition made by AO u/s 69A r.w.s 115BBE of Income Tax Act due to Non Filing of ROI : ITAT Directs Re-adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Income-Tax-Act-due-Non-Filing-of-ROI-ITAT-Directs-Re-adjudication-TAXSCAN.jpg "Addition made by AO u/s 69A r.w.s 115BBE of Income Tax Act due to Non Filing of ROI : ITAT Directs Re-adjudication [Read Order]")
![Head Wise Bifurcation not Required for Computation of Insurance Company Income: ITAT Deletes Disallowance u/s 14A of Income Tax Act Against Oriental Insurance [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Head-wise-Bifurcation-Insurance-Company-Income-ITA-disallowance-Oriental-Insurance-ITAT-TAXSCAN.jpg "Head Wise Bifurcation not Required for Computation of Insurance Company Income: ITAT Deletes Disallowance u/s 14A of Income Tax Act Against Oriental Insurance [Read Order]")
![Assessee Not an ”Assessee in Default” u/s 201(1) of Income Tax Act in absence of Ascertainable Amount & Identifiable Payee: ITAT Rules TDS Not Applicable on Provisions for Expenses [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Income-Tax-Act-absence-of-Ascertainable-Amount-Identifiable-Payee-ITAT-Rules-TDS-Not-Applicable-Provisions-for-expenses.jpg "Assessee Not an ”Assessee in Default” u/s 201(1) of Income Tax Act in absence of Ascertainable Amount & Identifiable Payee: ITAT Rules TDS Not Applicable on Provisions for Expenses [Read Order]")
![Proper Explanation of Income of Sales Cannot be Added u/s 68 of Income Tax Act Unless it Proved as ‘Bogus’: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Proper-Explanation-Income-of-Sales-Income-Tax-Act-Unless-Proved-as-Bogus-TAXSCAN.jpg "Proper Explanation of Income of Sales Cannot be Added u/s 68 of Income Tax Act Unless it Proved as ‘Bogus’: ITAT [Read Order]")
S. 69 Addition not Sustainable on Mere Delay in Deposit During Demonetisation Period: ITAT [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has held that addition under Section 69 of the Income Tax Act 1961 is not sustainable on mere delay in deposit during demonetisation period. ...
![S. 69 Addition not Sustainable on Mere Delay in Deposit During Demonetisation Period: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Addition-not-Sustainable-on-Mere-Delay-Deposit-During-Demonetisation-Period-ITAT-TAXSCAN.jpg "S. 69 Addition not Sustainable on Mere Delay in Deposit During Demonetisation Period: ITAT [Read Order]")
An Appeal under the Companies Act, 2013 Available only to a ‘Person’ who is either a ‘Member’ of the Company or a ‘Creditor’ or a ‘Director’: NCLAT dismisses Appeal from a Non-member of a Company
The Delhi bench of the National Company Law Appellate Tribunal(NCLAT) dismissed the appeal under the Companies Act, 2013 made by a non-member of the company because the appeal is available only to a...
ITAT upholds Disallowance Towards Late Deposit of Employees Contribution to PF/ESIC u/s 36(i)(va) of IT Act [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has upheld the disallowance towards late deposit of employees’ contribution to Provident Fund or Employees State Insurance Corporation...
![ITAT upholds Disallowance Towards Late Deposit of Employees Contribution to PF/ESIC u/s 36(i)(va) of IT Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Late-Deposit-of-Employees-Contribution-ITAT-Employee-Contribution-TAXSCAN.jpg "ITAT upholds Disallowance Towards Late Deposit of Employees Contribution to PF/ESIC u/s 36(i)(va) of IT Act [Read Order]")
Difference in Books of Account Reconciled with Corroborative Evidence: CESTAT sets aside Penalty under Excise Act [Read Order]
The Delhi Bench of the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) set aside the penalty imposed under the Central Excise Act, 1944 as the difference in books of account was...
![Difference in Books of Account Reconciled with Corroborative Evidence: CESTAT sets aside Penalty under Excise Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Penalty-under-Excise-Act-CESTAT-sets-TAXSCAN.jpg "Difference in Books of Account Reconciled with Corroborative Evidence: CESTAT sets aside Penalty under Excise Act [Read Order]")
![ITAT quashes Assessment Notice not issued by Jurisdictional AO [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/ITAT-quashes-assessment-notice-not-issued-by-jurisdictional-AO-ITAT-TAXSCAN.jpg "ITAT quashes Assessment Notice not issued by Jurisdictional AO [Read Order]")
ITAT Deletes Addition on Account of Cash Gifts Received from Mother through Gift Deed in Absence of Contrary Material
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has deleted the addition on account of cash gifts received from mother through gift deed as no contrary material was found. The Assessing...
Income from Sale of Agricultural land is not Capital Asset u/s 2(14)(iii) of IT Act, not Taxable: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) ruled that the income derived from sale of agricultural land is not capital asset under section 2(14)(iii) of Income Tax ...
![Income from Sale of Agricultural land is not Capital Asset u/s 2(14)(iii) of IT Act, not Taxable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Income-from-Sale-of-Agricultural-land-is-not-Capital-Asset-ITAT-TAXSCAN.jpg "Income from Sale of Agricultural land is not Capital Asset u/s 2(14)(iii) of IT Act, not Taxable: ITAT [Read Order]")