![ITAT Directs readjudication of disallowance of Depreciation claimed on Acquisition of Asset [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Income-Tax-Act-income-tax-appellete-tribunal-ITAT-delhi-Tax-news-taxscan.jpg "ITAT Directs readjudication of disallowance of Depreciation claimed on Acquisition of Asset [Read Order]")
ITAT Directs readjudication of disallowance of Depreciation claimed on Acquisition of Asset [Read Order]
The Two member bench of Bangalore Income Tax Appellate Tribunal ( ITAT ) directed readjudication of disallowance of depreciation claimed on...
![ITAT allows deduction claimed u/s 54F of Income Tax Act with respect all apartment units received pursuant to JDA [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/ITAT-bangalore-Joint-Development-Agreement-tax-updates-taxscan.jpg "ITAT allows deduction claimed u/s 54F of Income Tax Act with respect all apartment units received pursuant to JDA [Read Order]")
![ITAT Deletes Penalty u/s 271(1)(c) of Income Tax Act, Citing No Inaccurate Income Particulars or Deliberate Concealment [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/ITAT-ITAT-Deletes-Penalty-Income-tax-penalty-tax-updates-taxscan.jpg "ITAT Deletes Penalty u/s 271(1)(c) of Income Tax Act, Citing No Inaccurate Income Particulars or Deliberate Concealment [Read Order]")
![No addition warranted u/s 56(2)(viib) of Income Tax Act as difference between issue Price and Value Adopt by AO is Minuscule [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/ITAT-Delhi-Income-Tax-Act-Assessing-officer-tax-updates-taxscan.jpg "No addition warranted u/s 56(2)(viib) of Income Tax Act as difference between issue Price and Value Adopt by AO is Minuscule [Read Order]")
![Receipt of IUC charges cannot be taxed as Royalty under Article 12 of India Japan DTAA: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/ITAT-India-Japan-DTAA-Article-12-of-India-Japan-DTAA-income-tax-updates-taxscan.jpg "Receipt of IUC charges cannot be taxed as Royalty under Article 12 of India Japan DTAA: ITAT [Read Order]")
Subscribers Affirms Investments in Equity shares of company, Explains Source of Funds: ITAT deletes addition of Rs. 57.5 crores u/s 68 [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal ( ITAT ) deleted the addition of Rs. 57.5 Crores under Section 68 of Income Tax Act, 1961 after the subscribers affirmed their investments in...
![Non-Residents Salary/Allowance for Services Rendered Abroad not Taxable in India: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Non-Residents-Salary-ITAT-updates-tax-in-india-Tax-updates-taxscan.jpg "Non-Residents Salary/Allowance for Services Rendered Abroad not Taxable in India: ITAT [Read Order]")
ITAT upholds Deletion of E-stamp Duty Expense Addition for Dish Infra Services' NCD Issuance [Read Order]
The Two member bench of Delhi Income Tax Appellate Tribunal (ITAT) upheld the deletion of addition made on account of expenditure incurred on e-stamp duty expenses paid towards Non-Convertible...
![ITAT upholds Deletion of E-stamp Duty Expense Addition for Dish Infra Services NCD Issuance [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/E-stamp-Duty-Expense-Dish-Infra-Services-ITAT-delhi-income-tax-updates-taxscan.jpg "ITAT upholds Deletion of E-stamp Duty Expense Addition for Dish Infra Services NCD Issuance [Read Order]")
Himachal Pradesh HC disposes Revision Petition by directing re adjudication with respect to Order of ITAT [Read Order]
In a recent case, the Himachal Pradesh High Court disposed of a revision petition by directing re adjudication with respect to the order of Income Tax Appellate Tribunal ( ITAT ). The revision ...
![Himachal Pradesh HC disposes Revision Petition by directing re adjudication with respect to Order of ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Himachal-Pradesh-HC-Revision-Petition-directing-re-adjudication-ITAT-taxscan.jpg "Himachal Pradesh HC disposes Revision Petition by directing re adjudication with respect to Order of ITAT [Read Order]")
CBDT Circular on Deposition of Assessed Tax Applicable when Appeal against Assessment Order under Income Tax Act lies only before ITAT: Kerala HC [Read Order]
The Kerala High Court held that the Central Board of Direct Taxes (CBDT) circular regarding deposition of assessed tax is applicable when appeal against assessment order under Income Tax Act, 1961...
![CBDT Circular on Deposition of Assessed Tax Applicable when Appeal against Assessment Order under Income Tax Act lies only before ITAT: Kerala HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/CBDT-Circular-Assessed-Tax-CBDT-Circular-on-Deposition-of-Assessed-Tax-Appeal-taxscan.jpg "CBDT Circular on Deposition of Assessed Tax Applicable when Appeal against Assessment Order under Income Tax Act lies only before ITAT: Kerala HC [Read Order]")
Mere fact that Order is not Acceptable to dept is not a Ground for not Following It: Bombay HC quashes Order under Income Tax Act [Read Order]
The Bombay High Court has observed that the mere fact that the order is not acceptable to dept is not a ground for not following it. The court held that the revenue officers are bound by the...
![Mere fact that Order is not Acceptable to dept is not a Ground for not Following It: Bombay HC quashes Order under Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/Bombay-High-Court-Income-Tax-Bombay-HC-Quashes-Order-Quashing-Order-TAXSCAN.jpg "Mere fact that Order is not Acceptable to dept is not a Ground for not Following It: Bombay HC quashes Order under Income Tax Act [Read Order]")
Rejection of Certain Entries from Books of Account by Pick and Choose Method is Arbitrary: Delhi HC [Read Order]
In a recent decision, the Delhi High Court observed that the rejection of certain entries from books of account by pick and choose method is arbitrary. On 30.11.2014, the respondent-assessee filed...
