![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]")
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...
![Mere Estimate of Cost by DVO doesnt Constitute Material to Concealment: ITAT deletes Penalty imposed on Account of Difference of Valuation [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Mere-Estimate-of-Cost-by-DVO-doesnt-Constitute-Material-to-Concealment-ITAT-deletes-Penalty-imposed-on-Account-of-Difference-of-Valuation-TAXSCAN.jpg "Mere Estimate of Cost by DVO doesnt Constitute Material to Concealment: ITAT deletes Penalty imposed on Account of Difference of Valuation [Read Order]")
![Contributions received for Charitable Purpose cant be treated as Income u/s 2(24) (iia) of Income Tax Act: ITAT allows Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Contributions-received-for-Charitable-Purpose-treated-as-Income-Income-Tax-Act-ITAT-allows-Appeal-TAXSCAN.jpg "Contributions received for Charitable Purpose cant be treated as Income u/s 2(24) (iia) of Income Tax Act: ITAT allows Appeal [Read Order]")
![AO cant Travel beyond his Jurisdiction inorder to Invoke the Provision of Section 40A(3) of the Income Tax Act: ITAT quashes Order of AO [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/AO-Travel-beyond-his-Jurisdiction-inorder-to-Invoke-the-Provision-of-e-Income-Tax-Act-ITAT-quashes-Order-of-AO-.jpg "AO cant Travel beyond his Jurisdiction inorder to Invoke the Provision of Section 40A(3) of the Income Tax Act: ITAT quashes Order of AO [Read Order]")
![Non Issuance of Proper Notice u/s 148 of Income Tax Act before Passing Assessment Order: ITAT Quashes Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Non-Issuance-of-Proper-Notice-Income-Tax-Act-before-Passing-Assessment-Order-ITAT-Quashes-Order-TAXSCAN.jpg "Non Issuance of Proper Notice u/s 148 of Income Tax Act before Passing Assessment Order: ITAT Quashes Order [Read Order]")
Return of Income and Statement in Form-67 Filed within Due Date: ITAT directs Granting of Foreign Tax Credit [Read Order]
The Income Tax Appellate Tribunal (ITAT), Visakhapatnam Bench, has recently, in an appeal filed before it, directed the granting of foreign tax credit, on the ground that the return of income and...
![Return of Income and Statement in Form-67 Filed within Due Date: ITAT directs Granting of Foreign Tax Credit [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Return-of-Income-and-Statement-in-Form-67-Filed-ITAT-Foreign-Tax-Credit-TAXSCAN.jpg "Return of Income and Statement in Form-67 Filed within Due Date: ITAT directs Granting of Foreign Tax Credit [Read Order]")
Export Incentives such as Duty Draw Back and MEIS, Assessable as ‘Profits or Gains from Business or Profession’: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Vishakhapatnam Bench, has recently, in an appeal filed before it, held that export incentives such as duty draw back and MEIS, are assessable as ‘profits or...
![Export Incentives such as Duty Draw Back and MEIS, Assessable as ‘Profits or Gains from Business or Profession’: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Export-Export-Incentives-Duty-Draw-Back-MEIS-Profits-or-Gains-Profits-Gains-Business-or-Profession-Business-Profession-ITAT-Income-tax-Taxscan.jpg "Export Incentives such as Duty Draw Back and MEIS, Assessable as ‘Profits or Gains from Business or Profession’: ITAT [Read Order]")
![Rent from Sub-Letting Property Taxable as “Income from Other Sources”: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Rent-Sub-Letting-Property-Taxable-Income-from-Other-Sources-ITAT-Taxscan.jpg "Rent from Sub-Letting Property Taxable as “Income from Other Sources”: ITAT [Read Order]")
S. 56(2)(viia) does Not Attract on Mere Conversion of Share Application Money by Allotting Shares at Subsequent Date without Change of Share Pattern: ITAT [Read Order]
The Visakhapatnam bench of Income Tax Appellate Tribunal (ITAT) held that section 56(2) (viia) did not attract on mere conversion of share application money by allotting shares at subsequent date...
![S. 56(2)(viia) does Not Attract on Mere Conversion of Share Application Money by Allotting Shares at Subsequent Date without Change of Share Pattern: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Mere-Conversion-Share-Application-Money-Allotting-Shares-Share-Pattern-ITAT-Income-Tax-Share-Application-Money-by-Allotting-Shares-taxscan-.jpg "S. 56(2)(viia) does Not Attract on Mere Conversion of Share Application Money by Allotting Shares at Subsequent Date without Change of Share Pattern: ITAT [Read Order]")
In Cases of Divergent Views, The One Which is More Beneficial to the Assessee to be Adopted: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Visakhapatnam Bench, has recently in an appeal filed before it, held that in cases of divergent views, the which is more beneficial to the assessee is to be...
![In Cases of Divergent Views, The One Which is More Beneficial to the Assessee to be Adopted: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/Assessee-ITAT-taxscan.jpeg "In Cases of Divergent Views, The One Which is More Beneficial to the Assessee to be Adopted: ITAT [Read Order]")
![Restoration of Section 12A Registration entitles Assessee for Tax Exemption: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/Assessee-Tax-Exemption-ITAT-TAXSCAN.jpg "Restoration of Section 12A Registration entitles Assessee for Tax Exemption: ITAT [Read Order]")
![Satisfaction to be Recorded by the AO before issue of 153C Notice: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/AO-Notice-ITAT-taxscan.jpg "Satisfaction to be Recorded by the AO before issue of 153C Notice: ITAT [Read Order]")