Supreme Court and High Court Weekly Round-up
This weekly round-up analytically summarises the key tax judgements of the Supreme Court and all High Courts reported at Taxscan.in during the...
![AMP Expenses incurred not Amounts to International Transaction: Delhi HC upholds ITATs order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/AMP-Expenses-Incurred-Amounts-to-International-Transaction-Delhi-HC-ITATS-Order-TAXSCAN.jpg "AMP Expenses incurred not Amounts to International Transaction: Delhi HC upholds ITATs order [Read Order]")
![Charging High Premium not correct Test for making Addition u/s 68 of Income Tax Act: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Charging-High-Premium-correct-Test-for-making-Addition-Test-for-making-Addition-High-Premium-Income-Tax-Act-Delhi-High-Court-making-Addition-correct-Test-Tax-News-TAXSCAN.jpg "Charging High Premium not correct Test for making Addition u/s 68 of Income Tax Act: Delhi HC [Read Order]")
![Inclusion of Comparable, even if it Clears Filters: Delhi HC allows Income Tax Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Inclusion-Inclusion-of-Comparable-even-if-it-Clears-Filters-Filters-Delhi-HC-Income-Tax-Appeal-Income-Tax-taxscan-1.jpg "Inclusion of Comparable, even if it Clears Filters: Delhi HC allows Income Tax Appeal [Read Order]")
Appeal against Assessment order passed u/s 143:Â Kerala HC directs to deposit Pre deposit of Assessed Tax [Read Order]
The Kerala High Court in a recent judgement has directed the petitioner assessee to deposit a deposit of assessed tax for appeal against the assessment order passed under section 143 of the Income...
Delhi HC upholds Deletion of Disallowance on Expenses Incurred during Pre-Operative Stage [Read Order]
The Delhi High Court upheld the deletion of disallowance on expenses incurred during pre-operative stage. The appellant/revenue, via the instant appeal, seeks to assail the order dated 10.06.2019...
Transporting Petroleum products from Indian Oil Station to Petrol Pump through Tanker are not Contractual Receipt: ITAT quashes Revision Order [Read Order]
The Income Tax Appellate Tribunal (ITAT), Kolkata Bench, while quashing the revision order passed under Section 263 of the Income Tax Act, held that the transporting of petroleum products from Indian...
![Transporting Petroleum products from Indian Oil Station to Petrol Pump through Tanker are not Contractual Receipt: ITAT quashes Revision Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Transporting-Petroleum-products-from-Indian-Oil-Station-Petrol-Pump-Transporting-Petroleum-products-Indian-Oil-Station-contractual-receipt-ITAT-quashes-Revision-Order-taxscan.jpg "Transporting Petroleum products from Indian Oil Station to Petrol Pump through Tanker are not Contractual Receipt: ITAT quashes Revision Order [Read Order]")
Failure to produce Evidence in support of Claim of Credit Liabilities towards Labour Groups: ITAT upholds Disallowance u/s 40(a)(ia) of Income Tax Act [Read Order]
The Income Tax Appellate Tribunal (ITAT), Visakhapatnam bench held that the assessee failed to produce evidence in support of the claim of credit liabilities towards labor groups. Therefore, the...
![Failure to produce Evidence in support of Claim of Credit Liabilities towards Labour Groups: ITAT upholds Disallowance u/s 40(a)(ia) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Failure-to-produce-evidence-Credit-Liabilities-towards-Labour-Groups-ITAT-upholds-Disallowance-Income-Tax-Act-Income-Tax-taxscan.jpg "Failure to produce Evidence in support of Claim of Credit Liabilities towards Labour Groups: ITAT upholds Disallowance u/s 40(a)(ia) of Income Tax Act [Read Order]")
Office Memorandums by CBDT not Operate as Fetter on Commissioner as it is a Quasi-Judicial Authority: Kerala HC Allows to Deposit orders of Lesser Amount than 20% in Pending Appeal [Read Order]
A Single Bench of Income Tax Appellate Tribunal (ITAT) has allowed to grant deposit orders of lesser amount than 20% in pending appeal as the office memorandums issued by Central Board of Direct...
Failure to prove Creditworthiness of Creditor and Genuineness of Transaction: ITAT confirms Addition u/s 60 of Income Tax Act [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) confirmed the addition under Section 60 of the Income Tax Act, 1961 due to the failure of the assessee to prove the creditworthiness of the...
![Failure to prove Creditworthiness of Creditor and Genuineness of Transaction: ITAT confirms Addition u/s 60 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Creditworthiness-of-Creditor-Genuineness-of-Transaction-ITAT-Income-Tax-Act-taxscan.jpg "Failure to prove Creditworthiness of Creditor and Genuineness of Transaction: ITAT confirms Addition u/s 60 of Income Tax Act [Read Order]")
![Disallowance/Addition of loss Cannot be raised when not claimed in Computation of Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Disallowance-Addition-of-loss-Computation-of-Income-ITAT-Income-Tax-Appellate-Tribunal-taxscan.jpg "Disallowance/Addition of loss Cannot be raised when not claimed in Computation of Income: ITAT [Read Order]")