![Indexed Cost of Improvement Incurred Wholly and Exclusively for Transfer of Asset Allowable as Deduction u/s 48 of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Indexed-Improvement-Wholly-Exclusively-Transfer-Asset-Deduction-Income-Tax-Act-ITAT.jpg "Indexed Cost of Improvement Incurred Wholly and Exclusively for Transfer of Asset Allowable as Deduction u/s 48 of Income Tax Act: ITAT [Read Order]")
Indexed Cost of Improvement Incurred Wholly and Exclusively for Transfer of Asset Allowable as Deduction u/s 48 of Income Tax Act: ITAT [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) has held that the indexed cost of improvement incurred wholly and exclusively for...
![Information Sought on Quarterly Wise GST ITC not Material Information under RTI Act: CIC dismisses Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Information-Quarterly-Wise-Appeal-quarterly-wise-gst-itc-taxscan.jpg "Information Sought on Quarterly Wise GST ITC not Material Information under RTI Act: CIC dismisses Appeal [Read Order]")
![Reliance on bald statement and dumb document extracted from Laptop: ITAT deletes Income Tax Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/dumb-document-Laptop-ITAT-Income-Tax-Addition-TAXSCAN.jpg "Reliance on bald statement and dumb document extracted from Laptop: ITAT deletes Income Tax Addition [Read Order]")
![Due knowledge of Outcome for Withdrawal Application tendered before FAA: ITAT refuses to Condone delay for 239 days [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/FAA-ITAT-Condone-delay-taxscan.jpeg "Due knowledge of Outcome for Withdrawal Application tendered before FAA: ITAT refuses to Condone delay for 239 days [Read Order]")
![Partnership Firm not liable to Explain Source of Capital Introduced by Partners: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Partnership-Firm-Source-of-Capital-capital-Partners-ITAT-firm-Taxscan.jpg "Partnership Firm not liable to Explain Source of Capital Introduced by Partners: ITAT [Read Order]")
Relief to Dakshin Haryana Bijli Vitran Nigam: ITAT deletes Addition of Rs. 328 Cr for 'Surcharge levied but not realized' [Read Order]
In a major relief to Dakshin Haryana Bijli Vitran Nigam, the ITAT Delhi has confirmed the deletion of income tax addition amounting to approx. Rs. 328 Crores on account of “Surcharge levied but not...
![Relief to Dakshin Haryana Bijli Vitran Nigam: ITAT deletes Addition of Rs. 328 Cr for Surcharge levied but not realized [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Relief-Dakshin-Haryana-Bijli-Vitran-Nigam-ITAT-deletes-Surcharge-levied-Taxscan.jpg "Relief to Dakshin Haryana Bijli Vitran Nigam: ITAT deletes Addition of Rs. 328 Cr for Surcharge levied but not realized [Read Order]")
IT Assessment Order against Deepak Kochhar put on hold and Ordered to move First Appellate Authority: Bombay HC [Read Order]
The Bombay High Court while presiding over the question of the Assessment Order in the case of Deepak Kochhar passed an order that the Income Tax (IT) Assessment Order pertaining to the Assessment...
![IT Assessment Order against Deepak Kochhar put on hold and Ordered to move First Appellate Authority: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/01/Deepak-Kochhar-IT-Assessment-Order-First-Appellate-Authority-Bombay-High-Court-Taxscan.jpg "IT Assessment Order against Deepak Kochhar put on hold and Ordered to move First Appellate Authority: Bombay HC [Read Order]")
Pre-deposit paid before the First Appellate Authority is not adjustable while filing Second Appeal: CESTAT Ahmedabad [Read Order]
In a recent ruling, the CESTAT, Ahmedabad Bench held that under the provisions of section  129E of the Customs Act, 1962, the amount of pre-deposit paid before the first appellate authority cannot be...
![Pre-deposit paid before the First Appellate Authority is not adjustable while filing Second Appeal: CESTAT Ahmedabad [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/11/Depost-Taxscan.jpg "Pre-deposit paid before the First Appellate Authority is not adjustable while filing Second Appeal: CESTAT Ahmedabad [Read Order]")
First Appellate Authority can enhance Income even without a formal notice: ITAT Mumbai [Read Order]
The Mumbai bench of the Income Tax Appellate tribunal, in a recent ruling, held that under section 251(2) of the Income Tax Act, 1961, the First Appellate Authority is empowered to enhance the income...
![First Appellate Authority can enhance Income even without a formal notice: ITAT Mumbai [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/08/First-Appellate-Authority-Taxscan.jpg "First Appellate Authority can enhance Income even without a formal notice: ITAT Mumbai [Read Order]")