Tax Effect below Monetary Limit prescribed by CBDT and absence of Audit Objection: Jharkhand HC dismisses Appeal holding not Maintainable [Read Order]
The Jharkhand High Court dismissed appeal filed by the Revenue holding not maintainable on the ground that the tax effect below monetary limit...
![Advertisement Expenses Not Allowable without Valid Agreement for Transfer of Dealership: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Advertisement-Expenses-Deduction-ITAT-taxscan.jpg "Advertisement Expenses Not Allowable without Valid Agreement for Transfer of Dealership: ITAT [Read Order]")
![Income Tax Dept cannot Avail Extended Time Limit for Re-Assessment without New or Tangible Material: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Income-Tax-Dept-income-tax-Extended-Time-Re-Assessment-Tangible-Material-ITAT-Taxscan.jpg "Income Tax Dept cannot Avail Extended Time Limit for Re-Assessment without New or Tangible Material: ITAT [Read Order]")
![No Liability u/s 201 When Payment of Rent and Common area maintenance charges have been made to distinct companies: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/payment-of-rent-and-common-area-maintenance-charges-hcompanies-ITAT-TAXSCAN.jpg "No Liability u/s 201 When Payment of Rent and Common area maintenance charges have been made to distinct companies: ITAT [Read Order]")
![Income from Sale of Land held as Stock in Trade taxable under Business Income When Expenses incurred shown under WIP: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Income-taxable-business-income-WIP-ITAT-TAXSCAN.jpg "Income from Sale of Land held as Stock in Trade taxable under Business Income When Expenses incurred shown under WIP: ITAT [Read Order]")
Relief to Mahindra and Mahindra: ITAT directs AO to delete Disallowance made u/s 40(a)(ia) of Income Tax Act [Read Order]
In a major relief to Mahindra & Mahindra Ltd, the appellant, the Mumbai Bench of the Income Tax Appellate Tribunal (ITAT), directed the Assessing Officer (AO) to delete disallowance made under...
![Relief to Mahindra and Mahindra: ITAT directs AO to delete Disallowance made u/s 40(a)(ia) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Relief-to-Mahindra-and-Mahindra-ITAT-directs-AO-to-delete-disallowance-Income-Tax-Act-TAXSCAN-1.jpg "Relief to Mahindra and Mahindra: ITAT directs AO to delete Disallowance made u/s 40(a)(ia) of Income Tax Act [Read Order]")
Expenditure incurs for CSR is Allowable for Deduction u/s 37 of Income Tax Act: Delhi HC [Read Order]
The Division Bench of Delhi High Court comprising of Justice Rajiv Shakdher and Justice Tara Vitasta Ganju, in a recent ruling, held that the expenditure incurred for Corporate Social Responsibility...
![Expenditure incurs for CSR is Allowable for Deduction u/s 37 of Income Tax Act: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Expenditure-incurs-for-CSR-is-Allowable-for-Deduction-us-37-of-Income-Tax-Act-Delhi-HC-TAXSCAN.jpg "Expenditure incurs for CSR is Allowable for Deduction u/s 37 of Income Tax Act: Delhi HC [Read Order]")
Income Tax Reassessment Proceedings Initiated during Pendency of Rectification Application is Invalid: Supreme Court [Read Order]
The Supreme Court comprising the Two-judge Bench of Justices M.R. Shah and C. T. Ravi Kumar, decided in an appeal moved by M/S S. M. Overseas Pvt. Ltd. that the Revenue department was not...
![Income Tax Reassessment Proceedings Initiated during Pendency of Rectification Application is Invalid: Supreme Court [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Income-Tax-Reassessment-Proceedings-Initiated-during-Pendency-of-Rectification-Application-is-Invalid-Supreme-Court-TAXSCAN.jpg "Income Tax Reassessment Proceedings Initiated during Pendency of Rectification Application is Invalid: Supreme Court [Read Order]")
Non-Communication of Order by Counsel to Assessee constitute 'Reasonable Cause' for Delay in filing Appeal: Rajasthan HC [Read Order]
A division bench of the Rajasthan High Court has held that the non-communication of order by the counsel to the assessee constitute “reasonable cause” for the delay in the filing of the appeal. ...
![Non-Communication of Order by Counsel to Assessee constitute Reasonable Cause for Delay in filing Appeal: Rajasthan HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Non-Communication-Reasonable-Cause-Appeal-Rajasthan-HC-TAXSCAN.jpg "Non-Communication of Order by Counsel to Assessee constitute Reasonable Cause for Delay in filing Appeal: Rajasthan HC [Read Order]")
No Subsequent Imposition of Penalty to be made Once Notice Complied and Documents Timely Filed: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Allahabad Bench, has recently, in an appeal filed before it, held that no subsequent imposition of penalty can be made once the assessee has complied with...
![No Subsequent Imposition of Penalty to be made Once Notice Complied and Documents Timely Filed: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Penalty-Notice-Documents-ITAT-TAXSCAN.jpg "No Subsequent Imposition of Penalty to be made Once Notice Complied and Documents Timely Filed: ITAT [Read Order]")
Imported Goods Re-Exported by a Unit Duly Approved by Development Commissioner of the Concerned SEZ, Allowable for Exemption u/s 10AA: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench, has recently held that imported goods re-exported by a unit duly approved by the development commissioner of the concerned SEZ, are allowable...
![Imported Goods Re-Exported by a Unit Duly Approved by Development Commissioner of the Concerned SEZ, Allowable for Exemption u/s 10AA: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Imported-Goods-Re-Exported-Approved-Development-SEZ-ITAT-TAXSCAN.jpg "Imported Goods Re-Exported by a Unit Duly Approved by Development Commissioner of the Concerned SEZ, Allowable for Exemption u/s 10AA: ITAT [Read Order]")
![Unregistered Trusts can Claim Income Tax Exemption of Corpus Donations: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Unregistered-Claim-Income-Tax-Exemption-Donations-ITAT-TAXSCAN.jpeg "Unregistered Trusts can Claim Income Tax Exemption of Corpus Donations: ITAT [Read Order]")