![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]")
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...
![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 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]")
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]")
![GST: Delhi HC allows Provisional Attachment of Bank Account during Investigation [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Delhi-High-Court-Provisional-Attachment-of-Bank-Account-Attachment-of-Bank-Account-Investigation-taxscan-.jpg "GST: Delhi HC allows Provisional Attachment of Bank Account during Investigation [Read Order]")
Reasons for Reopening Assessment should be Examined on Standalone Basis: ITAT quashes Reassessment [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench quashed re assessment proceedings on the ground by stating that Reasons for reopening assessment should be examined on standalone basis. The...
![Reasons for Reopening Assessment should be Examined on Standalone Basis: ITAT quashes Reassessment [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/ITAT-Income-Tax-reopening-assessment-standalone-reassessment-assessment-taxscan.jpg "Reasons for Reopening Assessment should be Examined on Standalone Basis: ITAT quashes Reassessment [Read Order]")
Cash found in Locker belongs to Mother of Assessee: ITAT deletes Income Tax Addition on Unexplained Cash [Read Order]
The Income Tax Appellate Tribunal (ITAT), New Delhi deleted addition on unexplained cash on the cash found in locker belongs to mother of assessee, Komal Nagpal. The core issue in this case...
![Cash found in Locker belongs to Mother of Assessee: ITAT deletes Income Tax Addition on Unexplained Cash [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Cash-found-Assessee-ITAT-Income-Tax-Unexplained-Cash-TAXSCAN.jpeg "Cash found in Locker belongs to Mother of Assessee: ITAT deletes Income Tax Addition on Unexplained Cash [Read Order]")
Relief to ICICI Bank: ITAT confirms Interest Expenses on Perpetual Bonds, allowable as Deduction u/s 36(1)(iii) [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench ruled that Interest expenses on perpetual bonds, allowable as deduction under Section 36(1)(iii) of the Income Tax Act, 1961 thereby granting...
![Relief to ICICI Bank: ITAT confirms Interest Expenses on Perpetual Bonds, allowable as Deduction u/s 36(1)(iii) [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/ICICI-Bank-ITAT-Interest-Expenses-Perpetual-Bonds-Deduction-taxscan.jpeg "Relief to ICICI Bank: ITAT confirms Interest Expenses on Perpetual Bonds, allowable as Deduction u/s 36(1)(iii) [Read Order]")