![Works by Government Agencies would not Complete if Entire Purchases were held as Non-genuine: Bombay HC upholds ITAT’s order on Bogus Purchases [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Works-by-Government-Agencies-Complete-if-Entire-Purchases-Non-genuine-Bombay-HC-ITATs-order-on-Bogus-Purchases-TAXSCAN.jpg "Works by Government Agencies would not Complete if Entire Purchases were held as Non-genuine: Bombay HC upholds ITAT’s order on Bogus Purchases [Read Order]")
Works by Government Agencies would not Complete if Entire Purchases were held as Non-genuine: Bombay HC upholds ITAT’s order on Bogus Purchases [Read Order]
In a recent ruling, a Division Bench of Bombay High Court while dismissing the appeal, upheld the order of the Income Tax Appellate Tribunal (ITAT)...
![Bearer Cheque as Surety of being encashed not Sufficient Explanation of Business Expediency: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Bearer-cheque-as-Surety-Sufficient-explanation-Business-Expediency-ITAT-TAXSCAN-1.jpg "Bearer Cheque as Surety of being encashed not Sufficient Explanation of Business Expediency: ITAT [Read Order]")
![No Evidence Linking Instances of TDS Deduction with Unconsumed Challan: ITAT directs Readjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/TDS-deduction-TDS-Unconsumed-challan-ITAT-Readjudication-taxscan.jpg "No Evidence Linking Instances of TDS Deduction with Unconsumed Challan: ITAT directs Readjudication [Read Order]")
![Incriminating Statements by Third Parties Cannot Be Used for Addition in Income Tax Assessment: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Incriminating-Statements-by-Third-Parties-Incriminating-Statements-Income-Tax-Assessment-ITAT-taxscan.jpg "Incriminating Statements by Third Parties Cannot Be Used for Addition in Income Tax Assessment: ITAT [Read Order]")
![MSBTE is ‘state’ under Article 12 and exempted from Income Tax: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/MSBTE-state-Article-12-and-exempted-from-Income-Tax-ITAT-TAXSCAN.jpg "MSBTE is ‘state’ under Article 12 and exempted from Income Tax: ITAT [Read Order]")
Mere non-compliance to Furnish Transportation details is not non-compliance of Section 194C(6) for Disallowance under Section 40(a)(ia): ITAT [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has held that mere non-compliance to furnish transportation details could not be said to be the non-compliance of Section 194C(6) of the Income...
![Mere non-compliance to Furnish Transportation details is not non-compliance of Section 194C(6) for Disallowance under Section 40(a)(ia): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Mere-non-compliance-to-furnish-transportation-Section-194C6-Disallowance-Section-40aia-ITAT-TAXSCAN.jpg "Mere non-compliance to Furnish Transportation details is not non-compliance of Section 194C(6) for Disallowance under Section 40(a)(ia): ITAT [Read Order]")
![Notice u/s 143(2) not issued by AO: ITAT quashes Income Tax Assessment Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Notice-AO-ITAT-Income-Tax-Assessment-Order-Assessment-Order-Income-Tax-taxscan.jpg "Notice u/s 143(2) not issued by AO: ITAT quashes Income Tax Assessment Order [Read Order]")
Benefit of Cost of Acquisition in construction of roof rights in property: ITAT direct to consider Valuation Report [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has directed to consider valuation report for giving the benefit of cost of acquisition in construction of roof rights in property. The...
![Benefit of Cost of Acquisition in construction of roof rights in property: ITAT direct to consider Valuation Report [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Cost-of-Acquisition-construction-of-roof-rights-in-property-roof-rights-in-property-ITAT-Valuation-Report-Cost-of-Acquisition-in-construction-of-roof-rights-taxscan.jpg "Benefit of Cost of Acquisition in construction of roof rights in property: ITAT direct to consider Valuation Report [Read Order]")
Relief to Canara Bank-Bad Debt written off be First Adjusted Against Credit Balance and only Excess be Claimed as Deduction: ITAT deletes Disallowance u/s 36(1)(vii)
The Bangalore Bench of the Income Tax Appellate Tribunal (ITAT) has granted relief to Canara Bank by deleting the disallowance under Section 36(1)(vii) of the Income Tax Act, 1961 holding that bad...
No Disallowance of Part of Director’s Remuneration and Depreciation When Business Stopped Due to Temporary Lull: ITAT [Read Order]
The Jodhpur Bench of Income Tax Appellate Tribunal (ITAT) no disallowance shall be made on the part of director’s remuneration when the business is stopped due to temporary lull. The...
![No Disallowance of Part of Director’s Remuneration and Depreciation When Business Stopped Due to Temporary Lull: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/No-Disallowance-of-Part-of-Directors-Remuneration-and-Depreciation-Business-Stopped-Due-to-Temporary-Lull-ITAT-TAXSCAN.jpg "No Disallowance of Part of Director’s Remuneration and Depreciation When Business Stopped Due to Temporary Lull: ITAT [Read Order]")
ITAT deletes Penalty u/s 271B of Income Tax Act for Bonafide Belief on Treating Gross Commission as Turnover [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) deleted the penalty under Section 271B of the Income Tax Act 1961, imposed on assessee for bonafide belief of treating gross commission...
![ITAT deletes Penalty u/s 271B of Income Tax Act for Bonafide Belief on Treating Gross Commission as Turnover [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/ITAT-deletes-Penalty-us-271B-of-Income-Tax-Act-Treating-Gross-Commission-Turnover-TAXSCAN.jpg "ITAT deletes Penalty u/s 271B of Income Tax Act for Bonafide Belief on Treating Gross Commission as Turnover [Read Order]")
No disallowance can be made u/s 14A of the IT Act for Computing Book Profit u/s 115JB of Act: ITAT [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal (ITAT) has recently held that no disallowance could be made under Section 14A of the Income Tax Act, 1961 for computing book profit under...
![No disallowance can be made u/s 14A of the IT Act for Computing Book Profit u/s 115JB of Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/disallowance-uS-14A-IT-Act-for-Computing-Book-Profit-uS-115JB-Act-ITAT-TAXSCAN.jpg "No disallowance can be made u/s 14A of the IT Act for Computing Book Profit u/s 115JB of Act: ITAT [Read Order]")