![Wrongful Allegation of Non-Current Investment made in Share Application money of Entity: Delhi HC sets aside the Assessment order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Wrongful-Allegation-Non-Current-Investment-Share-Application-money-Delhi-HC-Assessment-order-taxscan.jpg "Wrongful Allegation of Non-Current Investment made in Share Application money of Entity: Delhi HC sets aside the Assessment order [Read Order]")
Wrongful Allegation of Non-Current Investment made in Share Application money of Entity: Delhi HC sets aside the Assessment order [Read Order]
In a recent case, the Delhi High Court set aside the assessment order which was made on wrongful allegation on non-current investment made in share...
![RBIs UDGAM Portal entrusts 30 Banks, Including SBI, Axis, HDFC to Address Unclaimed Deposits: Check Complete Lists of Banks here [Read Press Release]](https://www.taxscan.in/wp-content/uploads/2023/10/RBI-UDGAM-Portal-entrusts-30-Banks-Including-SBI-Axis-HDFC-Address-Deposits-Check-Complete-Lists-Banks-TAXSCAN.jpg "RBIs UDGAM Portal entrusts 30 Banks, Including SBI, Axis, HDFC to Address Unclaimed Deposits: Check Complete Lists of Banks here [Read Press Release]")
![Extending of Corporate Guarantee to AE Constitutes “International Transaction”: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Extending-Corporate-Guarantee-AE-Constitutes-International-Transaction-ITAT-TAXSCAN.jpg "Extending of Corporate Guarantee to AE Constitutes “International Transaction”: ITAT [Read Order]")
Books of Accounts Prepared u/s 115JB r.w.s 211(2) of Companies Act not Applicable: ITAT Grants Exemption to ICICI Bank [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has granted exemption to ICICI Bank as books of accounts prepared under Section 115JB read with Section 211(2) of the Companies Act are not...
![Books of Accounts Prepared u/s 115JB r.w.s 211(2) of Companies Act not Applicable: ITAT Grants Exemption to ICICI Bank [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Books-of-Accounts-Prepared-Companies-Act-not-Applicable-ITAT-Grants-Exemption-to-ICICI-Bank-TAXSCAN.jpg "Books of Accounts Prepared u/s 115JB r.w.s 211(2) of Companies Act not Applicable: ITAT Grants Exemption to ICICI Bank [Read Order]")
Addition u/s 69 of Income Tax Act shall not be made on basis of ledger account seized from third party on absence of clinching Evidence of Cash Payments towards Purchase of Flat: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) Lucknow bench held that addition under Section 69 of Income Tax Act should not be made on the basis of a ledger account seized from the third party in...
![Addition u/s 69 of Income Tax Act shall not be made on basis of ledger account seized from third party on absence of clinching Evidence of Cash Payments towards Purchase of Flat: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Income-Tax-Act-shall-not-be-made-on-basis-of-ledger-account-seized-from-third-party-absence-of-clinching-evidence-of-Cash-Payments-towards-purchase-of-Flat-ITAT-TAXSCAN.jpg "Addition u/s 69 of Income Tax Act shall not be made on basis of ledger account seized from third party on absence of clinching Evidence of Cash Payments towards Purchase of Flat: ITAT [Read Order]")
Taxpayers must File Cross-objections within Time Limit: ITAT dismisses ICICI Bank's Cross-objection [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has dismissed a cross objection filed by ICICI Bank for being filed late and held that taxpayers must file cross-objections within the...
![Taxpayers must File Cross-objections within Time Limit: ITAT dismisses ICICI Banks Cross-objection [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Taxpayers-File-Cross-objections-Time-Limit-ITAT-dismisses-ICICI-Banks-Cross-objection-ICICI-Bank-ITAT-Taxscan.jpg "Taxpayers must File Cross-objections within Time Limit: ITAT dismisses ICICI Banks Cross-objection [Read Order]")
![Service Tax Leviable on Legal and Professional Charges under BAS: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Service-Tax-Leviable-Legal-Professional-Charges-BAS-CESTAT-TAXSCAN.jpg "Service Tax Leviable on Legal and Professional Charges under BAS: CESTAT [Read Order]")
Finance Ministry notifies authorization of all Public Sector Banks and certain Private Banks to Operate Mahila Samman Savings Certificate, 2023 [Read Notification]
The Department of Economic Affairs under the Ministry of Finance vide notification no. S.O. 2791(E) has notified the authorisation of all public sector banks and certain private banks to operate...
No Penalty leviable on Account of Disallowance u/s. 14A of Income Tax Act on Proper Filing of ROI: ITAT Grants Relief to ICICI Bank by Deleting Penalty [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) granted relief to the ICICI bank by deleting the penalty imposed under section 14A of the Income Tax Act,1961 due to improper filing of...
![No Penalty leviable on Account of Disallowance u/s. 14A of Income Tax Act on Proper Filing of ROI: ITAT Grants Relief to ICICI Bank by Deleting Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Penalty-Penalty-leviable-Account-Disallowance-Income-Tax-Act-Proper-Filing-of-ROI-ROI-ITAT-Grants-Relief-to-ICICI-Bank-ICICI-Bank-Relief-to-ICICI-Bank-ITAT-Income-Tax-Deleting-Penalty-taxscan.jpg "No Penalty leviable on Account of Disallowance u/s. 14A of Income Tax Act on Proper Filing of ROI: ITAT Grants Relief to ICICI Bank by Deleting Penalty [Read Order]")
![Mere Possession of Bank Passbook not to be treated as Books of Accounts: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/possession-of-bank-passbook-bank-passbook-ITAT-Books-of-Accounts-Income-Tax-Taxscan.jpg "Mere Possession of Bank Passbook not to be treated as Books of Accounts: ITAT [Read Order]")