![No Variation in Income returned by Assessee: ITAT quashes Assessment Order as void ab initio [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Income-Assessee-ITAT-Assessment-Order-void-ab-initio-taxscan.jpg "No Variation in Income returned by Assessee: ITAT quashes Assessment Order as void ab initio [Read Order]")
No Variation in Income returned by Assessee: ITAT quashes Assessment Order as void ab initio [Read Order]
The New Delhi Bench of the Income Tax Appellate Tribunal (ITAT), quashed the assessment order as void ab initio as there was no variation in income...
![FCCD are Debt: ITAT confirms benchmarking done by applying LIBOR plus 200 points [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/FCCD-Debt-ITAT-benchmarking-LIBOR-taxscan.jpg "FCCD are Debt: ITAT confirms benchmarking done by applying LIBOR plus 200 points [Read Order]")
![Delay in Appointment of Auditor and Finalization of Annual Accounts, not valid ground for imposing Penalty: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Delay-Appointment-Auditor-Finalization-Annual-Accounts-Penalty-ITAT-TAXSCAN.jpg "Delay in Appointment of Auditor and Finalization of Annual Accounts, not valid ground for imposing Penalty: ITAT [Read Order]")
![Withholding of Refund of Rs. 54 Crores by Income Tax Dept: Delhi HC directs to Process Refund to KRBL with Interest [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Income-Tax-Dept-Delhi-HC-Refund-KRBL-Interest-taxscan.jpg "Withholding of Refund of Rs. 54 Crores by Income Tax Dept: Delhi HC directs to Process Refund to KRBL with Interest [Read Order]")
![Rejection of Appeal without considering Settlement through VSVS Scheme: ITAT orders fresh adjudication by CIT(A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Appeal-VSVS-Scheme-ITAT-taxscan.jpeg "Rejection of Appeal without considering Settlement through VSVS Scheme: ITAT orders fresh adjudication by CIT(A) [Read Order]")
Interest received on enhanced Compensation u/s 28 of Land Acquisition Act is part of Compensation: ITAT grants Exemption u/s 10(37) [Read Order]
Interest received on enhanced compensation u/s 28 of Land Acquisition Act is part of compensation, the Delhi Bench of the Income Tax Appellate Tribunal (ITAT) grants an exemption under section 10(37)...
![Interest received on enhanced Compensation u/s 28 of Land Acquisition Act is part of Compensation: ITAT grants Exemption u/s 10(37) [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Interest-Land-Acquisition-Act-Compensation-ITAT-taxscan.jpg "Interest received on enhanced Compensation u/s 28 of Land Acquisition Act is part of Compensation: ITAT grants Exemption u/s 10(37) [Read Order]")
ESOP Expenses are not allowable When the Shares/ ESOP are granted by Parent Company: ITAT [Read Order]
ESOP expenses are not allowable when the shares/ ESOP are granted by the Parent company the Delhi Bench of, the Income Tax Appellate Tribunal (ITAT) held that can’t allow without factual verification...
![ESOP Expenses are not allowable When the Shares/ ESOP are granted by Parent Company: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/ESOP-Expenses-Shares-ESOP-Parent-Company-ITAT-taxscan.jpg "ESOP Expenses are not allowable When the Shares/ ESOP are granted by Parent Company: ITAT [Read Order]")
Value of Goods Declared for Central Excise Purpose shall be Considered before Concluding upon under Invoicing of Products: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chennai Bench, has recently in an appeal filed before it, held that the value of goods declared for central excise purpose shall be considered before...
![Value of Goods Declared for Central Excise Purpose shall be Considered before Concluding upon under Invoicing of Products: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Goods-Products-ITAT-taxscan.jpg "Value of Goods Declared for Central Excise Purpose shall be Considered before Concluding upon under Invoicing of Products: ITAT [Read Order]")
TPO failed to provide details of Comparables obtained u/s 133(6), restores the issue for providing Information: ITAT grants relief to HSBC
TPO failed to provide details of comparables obtained u/s 133(6), restores the issue for providing information, as a relief to HSBC Professional Services. The Mumbai Bench of Income Tax Appellate...
Interest Expenditure not to be Treated as Capital Expenditure: ITAT upholds Allowance [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench, has recently, in an appeal filed before it, held that interest expenditure is not to be treated as capital expenditure and hence that the same...
![Interest Expenditure not to be Treated as Capital Expenditure: ITAT upholds Allowance [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Interest-Expenditure-Capital-Expenditure-ITAT-taxscan.jpg "Interest Expenditure not to be Treated as Capital Expenditure: ITAT upholds Allowance [Read Order]")
Genuineness of Purchase cannot be Suspected Merely Because Seller is Not Traceable: ITAT Deletes Income Tax Addition [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench, has recently, in an appeal filed before it, held that genuineness of purchase cannot be suspected merely because the seller is not traceable. ...
![Genuineness of Purchase cannot be Suspected Merely Because Seller is Not Traceable: ITAT Deletes Income Tax Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Purchase-Seller-ITAT-taxscan.jpg "Genuineness of Purchase cannot be Suspected Merely Because Seller is Not Traceable: ITAT Deletes Income Tax Addition [Read Order]")