![Valid Satisfaction required to Initiate Re-Opening of Assessment u/s 148 of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Satisfaction-Re-Opening-of-Assessment-Income-Tax-Act-ITAT-TAXSCAN.jpg "Valid Satisfaction required to Initiate Re-Opening of Assessment u/s 148 of Income Tax Act: ITAT [Read Order]")
Valid Satisfaction required to Initiate Re-Opening of Assessment u/s 148 of Income Tax Act: ITAT [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal (ITAT) recently held that the valid satisfaction is required to initiate reopening of assessment...
![Interim Relief to AWS: ITAT Stays Recovery of Rs. 549 Crores towards Addition of Income from Cloud Computing Services [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/AWS-ITAT-Addition-Income-Computing-Services-TAXSCAN.jpg "Interim Relief to AWS: ITAT Stays Recovery of Rs. 549 Crores towards Addition of Income from Cloud Computing Services [Read Order]")
![No TDS on fee paid by Hindustan Aeronautics to CGTM France for availing Flight Test Services: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/TDS-Hindustan-Aeronautics-CGTM-France-Services-ITAT-TAXSCAN.jpg "No TDS on fee paid by Hindustan Aeronautics to CGTM France for availing Flight Test Services: ITAT [Read Order]")
![No Deemed Rent on Flats Sold by Builder declared as Stock-in-Trade: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Deemed-Rent-Flats-Sold-by-Builder-Stock-in-Trade-Deemed-Rent-Flats-Sold-Deemed-Rent-on-Flats-Sold-ITAT-Builder-taxscan-1.jpg "No Deemed Rent on Flats Sold by Builder declared as Stock-in-Trade: ITAT [Read Order]")
![Estimation of Cash based on Surmises and Conjectures cannot be made in Rectification Order u/s 154: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Estimation-of-Cash-Rectification-Order-ITAT-cash-taxscan.jpeg "Estimation of Cash based on Surmises and Conjectures cannot be made in Rectification Order u/s 154: ITAT [Read Order]")
Disallowance of EPF shall be Added while Taxing 40% of Income from Tea Plantation Business as Business Income: ITAT [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal (ITAT) has held that the disallowance of Employment Provident Fund (EPF) shall be added while taxing 40% of income from tea plantation business...
![Disallowance of EPF shall be Added while Taxing 40% of Income from Tea Plantation Business as Business Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Disallowance-of-EPF-EPF-Income-from-Tea-Plantation-Business-Tea-Plantation-Business-Business-Income-ITAT-taxscan.jpg "Disallowance of EPF shall be Added while Taxing 40% of Income from Tea Plantation Business as Business Income: ITAT [Read Order]")
Information relied upon by AO does not have any bearing to Search Conducted: ITAT deletes S. 153C Addition [Read Order]
The Mumbai Income Tax Appellate Tribunal (ITAT)has recently while deleting additions made under section 153C of Income Tax Act 1961 observed that Information relied upon by the assessing officer did...
![Information relied upon by AO does not have any bearing to Search Conducted: ITAT deletes S. 153C Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Information-AO-Search-Conducted-ITAT-TAXSCAN.jpg "Information relied upon by AO does not have any bearing to Search Conducted: ITAT deletes S. 153C Addition [Read Order]")
Non-submission of Books of Account before Assessing Authority: ITAT Upholds Penalty u/s 271A of Income Tax Act [Read Order]
The Amritsar Bench of Income Tax Appellate Tribunal (ITAT) has upheld the penalty under Section 271A of the Income Tax Act 1961 as the assessee had failed to submit books of account before assessing...
![Non-submission of Books of Account before Assessing Authority: ITAT Upholds Penalty u/s 271A of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Books-of-Account-Non-submission-of-Books-of-Account-Assessing-Authority-ITAT-Penalty-Income-Tax-Act-Income-Tax-taxscan.jpg "Non-submission of Books of Account before Assessing Authority: ITAT Upholds Penalty u/s 271A of Income Tax Act [Read Order]")
Lease Rental Income earned from Associated Enterprises Not “Royalty” as per Indo-US DTAA: ITAT [Read Order]
The Mumbai Income Tax Appellate Tribunal ITAT has recently held that lease rental income earned from associated enterprises has no royalty as per Indo-US Direct Tax Avoidance Agreement (DTAA). ...
![Lease Rental Income earned from Associated Enterprises Not “Royalty” as per Indo-US DTAA: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Rental-Income-Associated-Enterprises-Royalty-Indo-US-DTAA-ITAT-TAXSCAN.jpg "Lease Rental Income earned from Associated Enterprises Not “Royalty” as per Indo-US DTAA: ITAT [Read Order]")
Solid Waste Expenses kept in a Temporary Site Is Accrued Liability, not Contingent Liability: ITAT Deletes Addition
The Ahmedabad bench of Income Tax Appellate Tribunal (ITAT) upheld the decision of the Commissioner of Income Tax (Appeals)[CIT(A)] and deleted the addition made by the Assessing Officer (AO) of...
Borrowed Funds not utilized for making Investments: Calcutta HC quashes proceedings against Century Enka [Read Order]
The Calcutta High Court quashed proceedings against Century Enka Limited on the ground that borrowed funds were not utilized for making investments. The appeal was filed by the revenue under...
![Borrowed Funds not utilized for making Investments: Calcutta HC quashes proceedings against Century Enka [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Borrowed-Funds-Investments-Calcutta-High-Court-Century-Enka-Taxscan.jpg "Borrowed Funds not utilized for making Investments: Calcutta HC quashes proceedings against Century Enka [Read Order]")
Invocation of Revisionary Jurisdiction on same issues for which Reopening proceedings was done by AO: Calcutta HC quashes Order [Read Order]
The Calcutta High Court quashed order on the ground that the invocation of revisionary jurisdiction on same issues for which reopening proceedings was done by the Assessing Officer (AO). The...
![Invocation of Revisionary Jurisdiction on same issues for which Reopening proceedings was done by AO: Calcutta HC quashes Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Calcutta-High-Court-Revisionary-Jurisdiction-Calcutta-High-Court-quashes-Order-Reopening-proceedings-taxscan.jpg "Invocation of Revisionary Jurisdiction on same issues for which Reopening proceedings was done by AO: Calcutta HC quashes Order [Read Order]")