![Refunds cannot be withheld just to verify the claim for deduction u/s 10AA: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Refunds-claim-deduction-Delhi-HC-taxscan.jpg "Refunds cannot be withheld just to verify the claim for deduction u/s 10AA: Delhi HC [Read Order]")
Refunds cannot be withheld just to verify the claim for deduction u/s 10AA: Delhi HC [Read Order]
The Delhi High Court held that refunds cannot be withheld just to verify the claim for the deduction under section 10 AA of the Income Tax Act,1961. ...
![Capital Gain on Sale of ESOP offered to Tax as Perquisite considering FMV: ITAT dismisses Appeal by Microsoft Veteran and Google Cloud India VP Anil Bhansali [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Capital-Gain-ESOP-FMV-ITAT-Microsoft-Veteran-Google-Cloud-India-VP-Anil-Bhansali-taxscan.jpeg "Capital Gain on Sale of ESOP offered to Tax as Perquisite considering FMV: ITAT dismisses Appeal by Microsoft Veteran and Google Cloud India VP Anil Bhansali [Read Order]")
![Income Tax Dept expresses Regret on filing Infructuous Appeal against Huawei Technologies: Delhi HC directs Dept to be More Careful [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Income-Tax-Dept-Huawei-Technologies-Delhi-HC-taxscan.jpeg "Income Tax Dept expresses Regret on filing Infructuous Appeal against Huawei Technologies: Delhi HC directs Dept to be More Careful [Read Order]")
![Royalty Expenses paid by Mercedes Benz India to Daimler AG Deductible from Business Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Royalty-Expenses-Mercedes-Benz-India-Daimler-AG-Business-Income-ITAT-taxscan.jpeg "Royalty Expenses paid by Mercedes Benz India to Daimler AG Deductible from Business Income: ITAT [Read Order]")
Contract based on which Addition is made is Subject Matter of Litigation: Protective Assessment can’t be made, rules ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore bench has held that the protective assessment under the Income Tax Act, 1961 cannot be made when the contract based on which the addition was made...
![Contract based on which Addition is made is Subject Matter of Litigation: Protective Assessment can’t be made, rules ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Contract-Litigation-Protective-Assessment-ITAT-Taxscan.jpeg "Contract based on which Addition is made is Subject Matter of Litigation: Protective Assessment can’t be made, rules ITAT [Read Order]")
![GST: Delay in filing appeal beyond the prescribed limit cant be condoned by AAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/filing-appeal-AAR-taxscan.jpeg "GST: Delay in filing appeal beyond the prescribed limit cant be condoned by AAR [Read Order]")
Assessment cannot be Re-opened u/s 148A Income Tax Act without Furnishing of Full Information: Calcutta HC [Read Order]
A division bench of the Calcutta High Court has held that re-assessment under section 148A of the Income Tax Act, 1961 cannot be initiated without furnishing full information on the basis of which...
![Assessment cannot be Re-opened u/s 148A Income Tax Act without Furnishing of Full Information: Calcutta HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Assessment-under-section-148A-Income-Tax-Act-Full-Information-Calcutta-High-Court-Taxscan.jpg "Assessment cannot be Re-opened u/s 148A Income Tax Act without Furnishing of Full Information: Calcutta HC [Read Order]")
Money cannot be treated as 'Unaccounted' merely because of Non-Response from Creditors: ITAT deletes Penalty [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi bench, while deleting penalty under section 271(1)(c) of the Income Tax Act, 1961 has held that the money cannot be treated as ‘unaccounted’ merely...
![Money cannot be treated as Unaccounted merely because of Non-Response from Creditors: ITAT deletes Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Money-Unaccounted-Non-Response-Creditors-ITAT-Penalty-Taxscan.jpeg "Money cannot be treated as Unaccounted merely because of Non-Response from Creditors: ITAT deletes Penalty [Read Order]")
Income Tax Return filing Due Date is Nearby: Know the Penalty / Interest Consequences of Missing the Deadline
Income tax return filing is the talk of the town nowadays as the last date for filing the return is on 31st July 2022. According to Section 139 of the Income-Tax Act, 1961, the due date for filing...
Forex dealers paid Cash for Purchase of Foreign Currency can be exempt as per 6DD(l): ITAT [Read Order]
The cash paid by the forex dealers for the purchase of foreign currency can be exempt as per 6 DD(1) of the Income Tax Act,1961, the Chennai bench of the Income Tax Appellate Tribunal (ITAT) held as...
![Forex dealers paid Cash for Purchase of Foreign Currency can be exempt as per 6DD(l): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Forex-dealers-foreign-currency-ITAT-taxscan.jpeg "Forex dealers paid Cash for Purchase of Foreign Currency can be exempt as per 6DD(l): ITAT [Read Order]")
Genuineness of Cash Sales cannot be Proved Merely on ground of Acceptance by VAT Authorities: Himachal Pradesh HC upholds Income Tax Penalty [Read Order]
The Himachal Pradesh High Court has held that acceptance of cash sales by the VAT authorities cannot be a sole ground to prove the genuineness of the transactions in order to remove the penalty under...
![Genuineness of Cash Sales cannot be Proved Merely on ground of Acceptance by VAT Authorities: Himachal Pradesh HC upholds Income Tax Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Cash-Sales-VAT-Authorities-Himachal-Prades-HC-Income-Tax-Penalty-taxscan-1.jpg "Genuineness of Cash Sales cannot be Proved Merely on ground of Acceptance by VAT Authorities: Himachal Pradesh HC upholds Income Tax Penalty [Read Order]")