Failure to prove Job Work charges Claimed under P&L A/c is Bogus: Delhi HC Set asides Revision Order [Read Order]
Delhi High Court (HC) presided by Justices Rajiv Shakdher and Tara Vitasta Ganju set aside the revision order of the Principal Commissioner of Income...
![Assessee failed to Explain Cash found during Search: ITAT Upholds Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Assessee-Explain-Cash-found-during-Search-ITAT-Addition-Taxscan.jpg "Assessee failed to Explain Cash found during Search: ITAT Upholds Addition [Read Order]")
![Defect of Issue of S. 143(2) Notice Prior to Conclusion of Re-Assessment Proceedings Not Curable Invoking S. 292BB: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Defect-of-Issue-of-S.-1432-Notice-Re-Assessment-Proceedings-S.-292BB-ITAT-Taxscan.jpg "Defect of Issue of S. 143(2) Notice Prior to Conclusion of Re-Assessment Proceedings Not Curable Invoking S. 292BB: ITAT [Read Order]")
![Capital Gain Exemption u/s 54 Not Allowable in respect of Two Independent Residential Units: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Capital-Gain-Exemption-us-54-Not-Allowable-Two-Independent-Residential-Units-ITAT-Taxscan.jpg "Capital Gain Exemption u/s 54 Not Allowable in respect of Two Independent Residential Units: ITAT [Read Order]")
Share Application Money received in cash by Company does not attract Provisions of S. 269SS of Income Tax Act: ITAT deletes Penalty [Read Order]
The Delhi Income Tax Appellate Tribunal (ITAT) recently, while deleting the penalty imposed by the assessing officer, held that share application money received in cash by the company did not attract...
![Share Application Money received in cash by Company does not attract Provisions of S. 269SS of Income Tax Act: ITAT deletes Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Share-Application-Money-cash-Provisions-of-S.-269SS-Income-Tax-Act-ITAT-Penalty-taxscan.jpg "Share Application Money received in cash by Company does not attract Provisions of S. 269SS of Income Tax Act: ITAT deletes Penalty [Read Order]")
![Alternative Remedy Not a Bar to Challenge Re-Opening of Assessment: Madhya Pradesh HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Alternative-Remedy-Assessment-Madhya-Pradesh-High-Court-Taxscan.jpg "Alternative Remedy Not a Bar to Challenge Re-Opening of Assessment: Madhya Pradesh HC [Read Order]")
![S. 50C of Income Tax Act Not Applicable on Compulsory Acquisition of Land: Calcutta HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/S.-50C-of-Income-Tax-Act-Compulsory-Acquisition-of-Land-Calcutta-HC-Taxscan.jpg "S. 50C of Income Tax Act Not Applicable on Compulsory Acquisition of Land: Calcutta HC [Read Order]")
Books of Accounts Need not be Maintained If Income is Offered on Presumptive Basis u/s 44AD of IT Act: ITAT deletes Addition against Vegetable Vendor [Read Order]
The Jaipur bench of Income Tax Appellate Tribunal (ITAT) recently held that if income is offered on presumptive basis under section 44AD of Income Tax Act 1961 there was no need to maintain...
![Books of Accounts Need not be Maintained If Income is Offered on Presumptive Basis u/s 44AD of IT Act: ITAT deletes Addition against Vegetable Vendor [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Books-of-Accounts-Income-Presumptive-us-44AD-of-IT-Act-ITAT-Addition-Vegetable-Vendor-Taxscan.jpg "Books of Accounts Need not be Maintained If Income is Offered on Presumptive Basis u/s 44AD of IT Act: ITAT deletes Addition against Vegetable Vendor [Read Order]")
CESTAT quashes Service Tax liability on Miscellaneous Income treated as Receipts towards Construction Services [Read Order]
The Chennai Bench of the Customs, Excise and Service Tax Appellate Tribunal ( CESTAT ), quashed service tax liability on miscellaneous income which was treated as receipts towards construction...
![CESTAT quashes Service Tax liability on Miscellaneous Income treated as Receipts towards Construction Services [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/CESTAT-Customs-excise-Service-Tax-Service-Tax-liability-liability-Miscellaneous-Income-Income-Receipts-Construction-Services-Services-Taxscan.jpg "CESTAT quashes Service Tax liability on Miscellaneous Income treated as Receipts towards Construction Services [Read Order]")
Delhi HC remands Income Tax Demand of Rs. 1,140 Cr against OYO for fresh Hearing to CIT [Read Order]
A Division Bench of the Delhi High Court has instructed the Commissioner of Income Tax (CIT) to grant a personal hearing to OYO Hotels and Homes Private Limited (OYO) to decide on the stay on their...
![Delhi HC remands Income Tax Demand of Rs. 1,140 Cr against OYO for fresh Hearing to CIT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/INCOME-TAX-DEMAND.jpg "Delhi HC remands Income Tax Demand of Rs. 1,140 Cr against OYO for fresh Hearing to CIT [Read Order]")