![Subsidy received as Octroi Duty Refund is Capital Receipt and not Taxable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Subsidy-octroi-duty-refund-capital-receipt-chargeable-tax-ITAT.jpg "Subsidy received as Octroi Duty Refund is Capital Receipt and not Taxable: ITAT [Read Order]")
Subsidy received as Octroi Duty Refund is Capital Receipt and not Taxable: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai has held that, Subsidy received as an octroi duty refund is a capital receipt and not chargeable as...
![Income Tax claims not included in approved Resolution Plan of IBC are recoverable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Income-Tax-claim-Resolution-Plan-IBC-ITAT-taxscan.jpg "Income Tax claims not included in approved Resolution Plan of IBC are recoverable: ITAT [Read Order]")
![Reimbursement of Office Expenses has no Service Element, No Service Tax: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Reimbursement-Office-Expenses-Service-Element-Service-Tax-CESTAT-Taxscan.jpeg "Reimbursement of Office Expenses has no Service Element, No Service Tax: CESTAT [Read Order]")
![Income Tax Assessment Order passed before Due Date of Submission of Documents as per Notice violates Natural Justice Principles: Calcutta HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Income-Tax-Assessment-Order-Documents-Notice-Natural-Justice-Principles-Calcutta-HC-taxscan.jpg "Income Tax Assessment Order passed before Due Date of Submission of Documents as per Notice violates Natural Justice Principles: Calcutta HC [Read Order]")
Addition u/s 68 will not sustain in the presence of Evidence which proves Authenticity of Transaction: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), New Delhi held that addition u/s 68 of Income Tax Act 1961 will not sustain in the presence of evidence which proves the authenticity of the transaction. ...
![Addition u/s 68 will not sustain in the presence of Evidence which proves Authenticity of Transaction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Addition-evidence-authenticity-of-transaction-ITAT-Taxscan.jpg "Addition u/s 68 will not sustain in the presence of Evidence which proves Authenticity of Transaction: ITAT [Read Order]")
Income Tax on Virtual Digital Assets: CBDT issues Guidelines on 1% TDS from 1st July [Read Circular]
In a move to levy one percent TDS on the virtual digital assets under section 194S of the Income Tax Act, 1961, the Central Board of Direct Taxes (CBDT) has issued guidelines applicable with effect...
![Income Tax on Virtual Digital Assets: CBDT issues Guidelines on 1% TDS from 1st July [Read Circular]](https://www.taxscan.in/wp-content/uploads/2022/06/Income-Tax-Virtual-Digital-Assets-CBDT-Guidelines-TDS-Taxscan.jpg "Income Tax on Virtual Digital Assets: CBDT issues Guidelines on 1% TDS from 1st July [Read Circular]")
![Principal Component of Lease Rental can be treated as Revenue Expenditure u/s 37: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Principal-component-lease-rental-revenue-expenditure-ITAT-taxscan-1.jpg "Principal Component of Lease Rental can be treated as Revenue Expenditure u/s 37: ITAT [Read Order]")
Addition of Unexplained Income u/s 69 not sustainable in the presence of duly Audited Regular Books: ITAT [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Chandigarh Bench has held that the addition of unexplained income u/s 69 is not sustainable in the presence of the duly audited regular books. The...
![Addition of Unexplained Income u/s 69 not sustainable in the presence of duly Audited Regular Books: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/unexplained-income-audited-regular-books-ITAT-books-Taxscan.jpeg "Addition of Unexplained Income u/s 69 not sustainable in the presence of duly Audited Regular Books: ITAT [Read Order]")
Cash Deposit during Demonetization: ITAT deletes Addition since Proprietor maintained Business Cash in hand [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chennai bench has deleted an addition under section 68 of the Income Tax Act, 1961 against a Proprietor towards cash deposit during demonetization period by...
![Cash Deposit during Demonetization: ITAT deletes Addition since Proprietor maintained Business Cash in hand [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Cash-Deposit-Demonetization-ITAT-ITAT-Chennai-Cash-in-Hand-Taxscan.jpeg "Cash Deposit during Demonetization: ITAT deletes Addition since Proprietor maintained Business Cash in hand [Read Order]")
Re-Assessment based on Materials already available during Regular Assessment is Mere 'Change of Opinion': Calcutta HC [Read Order]
While quashing the re-assessment proceedings, the Calcutta High Court has held that the re-assessment under the provisions of the Income Tax Act, 1961 based on the materials already available with...
![Re-Assessment based on Materials already available during Regular Assessment is Mere Change of Opinion: Calcutta HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Re-Assessment-Assessment-Change-of-Opinion-Calcutta-HC-Taxscan.jpg "Re-Assessment based on Materials already available during Regular Assessment is Mere Change of Opinion: Calcutta HC [Read Order]")