![Commodity Transactions carried out during Regular course of Business cannot be treated as Speculative Business: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Commodity-Transactions-Business-Speculative-Business-ITAT-taxscan.jpg "Commodity Transactions carried out during Regular course of Business cannot be treated as Speculative Business: ITAT [Read Order]")
Commodity Transactions carried out during Regular course of Business cannot be treated as 'Speculative Business': ITAT [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal has allowed the deduction holding that the commodity transactions carried out during the regular...
![Education Cess including Secondary and Higher Secondary Education Cess is not allowable as a Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Education-Cess-Secondary-Education-Cess-Higher-Secondary-Education-Cess-Deduction-ITAT-taxscan.jpg "Education Cess including Secondary and Higher Secondary Education Cess is not allowable as a Deduction: ITAT [Read Order]")
![Re-Assessment cannot be based on Mere Change of Opinion: Telangana HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Re-Assessment-Telangana-High-Court-Change-taxscan.jpg "Re-Assessment cannot be based on Mere Change of Opinion: Telangana HC [Read Order]")
![No TDS on CAM Charges paid in Addition to Rent: ITAT grants Relief to Johnson Watches [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/TDS-on-CAM-Charges-TDS-CAM-Charges-Rent-ITAT-Johnson-watches-taxscan.jpg "No TDS on CAM Charges paid in Addition to Rent: ITAT grants Relief to Johnson Watches [Read Order]")
No Records found on Receipt of Unaccounted Cash or Incriminating Material during Search: ITAT deletes Additions [Read Order]
Delhi Bench of Income Tax Appellate Tribunal (ITAT) presided over by Dr. B. R. R. Kumar (Accountant Member) and Yogesh Kumar US (Judicial Member) dismissed the appeals filed by the Revenue on the...
![No Records found on Receipt of Unaccounted Cash or Incriminating Material during Search: ITAT deletes Additions [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/No-Records-found-on-Receipt-of-Unaccounted-Cash-or-Incriminating-Material-during-Search-ITAT-TAXSCAN.jpg "No Records found on Receipt of Unaccounted Cash or Incriminating Material during Search: ITAT deletes Additions [Read Order]")
ITAT deletes Addition on Proof of Identity and Creditworthiness of Shareholders and Genuineness of Transactions [Read Order]
A Division Bench of the Income Tax Appellate Tribunal (ITAT), Kolkata deleted addition on proof of identity and creditworthiness of shareholders and genuineness of transactions. The assessee, M/s...
![ITAT deletes Addition on Proof of Identity and Creditworthiness of Shareholders and Genuineness of Transactions [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/ITAT-Proof-of-Identity-Creditworthiness-of-Shareholders-Genuineness-of-Transactions-Transactions-Taxscan-.jpg "ITAT deletes Addition on Proof of Identity and Creditworthiness of Shareholders and Genuineness of Transactions [Read Order]")
![Revisional Jurisdiction cant invoke merely based on a Clerical Mistake: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Revisional-Jurisdiction-ITAT-Clerical-Mistake-taxscan.jpg "Revisional Jurisdiction cant invoke merely based on a Clerical Mistake: ITAT [Read Order]")
Guarantee Commission is not Taxable in India under India Germany DTAA: ITAT directs AO to delete Transfer Pricing Adjustment [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench directed Assessing Officer (AO) to delete transfer pricing adjustment and held that Guarantee commission is not taxable in India as per India...
![Guarantee Commission is not Taxable in India under India Germany DTAA: ITAT directs AO to delete Transfer Pricing Adjustment [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Guarantee-Commission-Taxable-in-India-under-India-Germany-DTAA-ITAT-AO-TAXSCAN.jpg "Guarantee Commission is not Taxable in India under India Germany DTAA: ITAT directs AO to delete Transfer Pricing Adjustment [Read Order]")
![Relief to SBI: ITAT allows Income Tax Deduction on Bad and Doubtful Debts [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/SBI-ITAT-allows-Income-Tax-Deduction-on-Bad-and-Doubtful-Debts-TAXSCAN.jpg "Relief to SBI: ITAT allows Income Tax Deduction on Bad and Doubtful Debts [Read Order]")
Capital Gain fully utilised for Acquisition of new Residential House Eligible for Income Tax Exemption u/s 54 of Income Tax Act: ITAT [Read Order]
The Delhi Income Tax Appellate Tribunal (ITAT) chaired by Yogesh Kumar US (Judicial Member) and Dr. B. R. R. Kumar (Accountant Member) held that the equivalent amount of capital gain utilised for...
![Capital Gain fully utilised for Acquisition of new Residential House Eligible for Income Tax Exemption u/s 54 of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Capital-Gain-House-Eligible-for-Income-Tax-Exemption-Income-Tax-Act-ITAT-TAXSCAN.jpg "Capital Gain fully utilised for Acquisition of new Residential House Eligible for Income Tax Exemption u/s 54 of Income Tax Act: ITAT [Read Order]")
![No Effort by AO to Send Draft Assessment Order to Correct Address: ITAT quashes Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/AO-to-Send-Draft-Assessment-Order-to-Correct-Address-ITAT-quashes-Order-TAXSCAN.jpg "No Effort by AO to Send Draft Assessment Order to Correct Address: ITAT quashes Order [Read Order]")