![Setback to Wipro: Deduction to EOU u/s 10B can be denied on for Delay in filing Declaration, rules Supreme Court [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Wipro-Deduction-EOU-sole-ground-Declaration-Supreme-Court-taxscan.jpg "Setback to Wipro: Deduction to EOU u/s 10B can be denied on for Delay in filing Declaration, rules Supreme Court [Read Order]")
Setback to Wipro: Deduction to EOU u/s 10B can be denied on for Delay in filing Declaration, rules Supreme Court [Read Order]
A two-judge bench of the Supreme Court, while considering an appeal by Wipro Ltd., has held that the deduction to Export-oriented Units (EOU) under...
![Cash Deposits not Corroborated with Business Receipts or Cash Withdrawals: ITAT upholds Addition u/s 68 [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Cash-Deposits-Business-Receipts-Cash-Withdrawals-ITAT-Taxscan.jpg "Cash Deposits not Corroborated with Business Receipts or Cash Withdrawals: ITAT upholds Addition u/s 68 [Read Order]")
![Credit of TDS Deducted by Clients before Actual Payment in earlier years can be Adjusted against Total Taxable Amount payable u/s 199 r/w Rule 37BA: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/TDS-Deducted-Clients-Actual-Payment-Total-Taxable-Amount-payable-ITAT-TDS-Taxscan.jpg "Credit of TDS Deducted by Clients before Actual Payment in earlier years can be Adjusted against Total Taxable Amount payable u/s 199 r/w Rule 37BA: ITAT [Read Order]")
![Assessing Officer Failed to Record the Reason for issue of Notice u/s 148: Chhattisgarh HC quashes Notice [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Assessing-Officer-Record-Reason-notice-u-s-148-quashes-notice-Chhattisgarh-high-court-Taxscan.jpeg "Assessing Officer Failed to Record the Reason for issue of Notice u/s 148: Chhattisgarh HC quashes Notice [Read Order]")
![Mere Digital Signing on Re-Assessment Notice won’t be Valid: Allahabad High Court [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Digital-Signing-Re-Assessment-Notice-Re-assessment-Allahabad-High-Court-Taxscan.jpeg "Mere Digital Signing on Re-Assessment Notice won’t be Valid: Allahabad High Court [Read Order]")
Amendment in Finance Act, 2021 restricting Employees’ Contribution to ESI and PF after Due Date is Prospective: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore bench has held that the amendment in the Finance Act, 2021 restricting employees’ contribution to ESI and PF after the due date is prospective in...
![Amendment in Finance Act, 2021 restricting Employees’ Contribution to ESI and PF after Due Date is Prospective: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Amendment-in-Finance-Act-Employees-Contribution-ESI-and-PF-ITAT-Taxscan.jpg "Amendment in Finance Act, 2021 restricting Employees’ Contribution to ESI and PF after Due Date is Prospective: ITAT [Read Order]")
Income received in Excess of Face Value of Shares u/s 56 of Income Tax Act is Taxable: ITAT [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) has ruled that, Income received in Excess of Face Value of Shares under Section 56 of the Income Tax Act is Taxable. The assessee is...
Revisionary Jurisdiction can be invoked in a very Gross case of inadequacy in Inquiry by Assessing Officer: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that the revisionary jurisdiction under section 263 of the Income Tax Act, 1961 can be exercised in a very gross case of...
![Revisionary Jurisdiction can be invoked in a very Gross case of inadequacy in Inquiry by Assessing Officer: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/01/Revisionary-Jurisdication-Gross-case-Inadequacy-Inquiry-Assessing-Officer-ITAT-Taxscan.jpg "Revisionary Jurisdiction can be invoked in a very Gross case of inadequacy in Inquiry by Assessing Officer: ITAT [Read Order]")
Guarantee Commission is not a 'Levy' for the purpose of Disallowance u/s 40(a)(iib): ITAT [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) has held that the guarantee commission, being not in the nature of a “levy”, cannot be disallowed under section 40(a)(iib) of Income...
![Guarantee Commission is not a Levy for the purpose of Disallowance u/s 40(a)(iib): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/11/Guarantee-Commission-IT-Act-ITAT-Taxscan.jpg "Guarantee Commission is not a Levy for the purpose of Disallowance u/s 40(a)(iib): ITAT [Read Order]")
Delhi High Court issues Notices to Govt on a plea seeking Extensions for Filing Tax Compliances due to COVID-19 [Read Order]
The Delhi High Court issued notices to Government in a plea seeking extensions for filing compliances under Income Tax Act, 1961, GST Act, 2017, the Employees Provident Fund & Miscellaneous...
![Delhi High Court issues Notices to Govt on a plea seeking Extensions for Filing Tax Compliances due to COVID-19 [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/05/Delhi-High-Court-plea-filing-tax-compliances-Taxscan.jpg "Delhi High Court issues Notices to Govt on a plea seeking Extensions for Filing Tax Compliances due to COVID-19 [Read Order]")