![Revisional Order cannot be invoked When AO revised TDS Credit after due verification of Reconciliation Statement: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Revisional-Order-AO-TDS-verification-ITAT-TAXSCAN.jpeg "Revisional Order cannot be invoked When AO revised TDS Credit after due verification of Reconciliation Statement: ITAT [Read Order]")
Revisional Order cannot be invoked When AO revised TDS Credit after due verification of Reconciliation Statement: ITAT [Read Order]
While considering a bunch of appeals, the Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that the revisional order cannot be...
![Disallowance of Loss on Trading in Shares and Communities based on fictitious transactions not permissible when evidence adduced: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Disallowance-Loss-evidence-adduced-ITAT-TAXSCAN.jpg "Disallowance of Loss on Trading in Shares and Communities based on fictitious transactions not permissible when evidence adduced: ITAT [Read Order]")
![Imported Goods Re-Exported by a Unit Duly Approved by Development Commissioner of the Concerned SEZ, Allowable for Exemption u/s 10AA: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Imported-Goods-Re-Exported-Approved-Development-SEZ-ITAT-TAXSCAN.jpg "Imported Goods Re-Exported by a Unit Duly Approved by Development Commissioner of the Concerned SEZ, Allowable for Exemption u/s 10AA: ITAT [Read Order]")
![Rules cannot override the Act, relief allowable u/s 90 in respect of the Foreign Tax Credit: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Rules-allowable-Foreign-Tax-Credit-ITAT-TAXSCAN.jpg "Rules cannot override the Act, relief allowable u/s 90 in respect of the Foreign Tax Credit: ITAT [Read Order]")
![Benefit for Sick Company u/s 115 JB not Available When Net Worth has Turned Positive: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Sick-Company-Available-When-Net-Worth-has-Turned-Positive-ITAT-TAXSCAN.jpg "Benefit for Sick Company u/s 115 JB not Available When Net Worth has Turned Positive: ITAT [Read Order]")
![Service Expenses Towards abandoned Film not to be Disallowed: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Service-Expenses-Towards-abandoned-Film-Disallowed-ITAT-TAXSCAN.jpg "Service Expenses Towards abandoned Film not to be Disallowed: ITAT [Read Order]")
Relief to Sony Pictures: ITAT sets aside Assessment Order passed against Non-Existing entity [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench sets aside assessment order passed against non-existing entity and thereby granting relief to Sony Pictures Networks India Private Limited. ...
![Relief to Sony Pictures: ITAT sets aside Assessment Order passed against Non-Existing entity [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Sony-Pictures-ITAT-Assessment-Order-TAXSCAN.jpg "Relief to Sony Pictures: ITAT sets aside Assessment Order passed against Non-Existing entity [Read Order]")
CIT(A) order non-granting of TDS & Foreign Taxes paid Credit in the absence of Assessee: ITAT restored to Fresh Adjudication [Read Order]
CIT(A) non-granting of TDS & Foreign Taxes paid credit on non-appearance of the assessee, the Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) restored the issue to the file of AO for...
![CIT(A) order non-granting of TDS & Foreign Taxes paid Credit in the absence of Assessee: ITAT restored to Fresh Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/CITA-TDS-Foreign-Taxes-Credit-ITAT-TAXSCAN.jpeg "CIT(A) order non-granting of TDS & Foreign Taxes paid Credit in the absence of Assessee: ITAT restored to Fresh Adjudication [Read Order]")
Relief to Bank of Baroda, Deduction allowed in the form of Amortization of Premium after due verification: ITAT sets aside Revisional Order [Read Order]
A.O allowed the deduction in the form of amortization of premium with due verification, and the Mumbai Bench of the Income Tax Appellate Tribunal (ITAT)has set aside the revisional order on Bank of...
![Relief to Bank of Baroda, Deduction allowed in the form of Amortization of Premium after due verification: ITAT sets aside Revisional Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Bank-of-Barod-Deduction-premium-verification-ITAT-revisional-order-TAXSCAN.jpg "Relief to Bank of Baroda, Deduction allowed in the form of Amortization of Premium after due verification: ITAT sets aside Revisional Order [Read Order]")
![Capital Gains Prior to 1st April 2003, Section 50c Not Applicable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Capital-Gains-Prior-ITAT-TAXSCAN.jpg "Capital Gains Prior to 1st April 2003, Section 50c Not Applicable: ITAT [Read Order]")
Addition u/s 69 towards Unexplained Investment not permissible in the absence of Corroborative Evidence: ITAT [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT)has held that addition under section 69 of the Income Tax Act,1961 towards unexplained investment is not permissible in the absence of...
![Addition u/s 69 towards Unexplained Investment not permissible in the absence of Corroborative Evidence: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/unexplained-investment-corroborative-evidence-ITAT-TAXSCAN.jpg "Addition u/s 69 towards Unexplained Investment not permissible in the absence of Corroborative Evidence: ITAT [Read Order]")
Goods are Assessed in the Form they are produced for Assessment, Demand of Duty on clearance 'Fruit Juice' instead of 'Fruit Pulp' not sustained: CESTAT [Read Order]
The Mumbai Regional Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has held that goods are to be assessed in the form they are produced for assessment and demand of duty on...
![Goods are Assessed in the Form they are produced for Assessment, Demand of Duty on clearance Fruit Juice instead of Fruit Pulp not sustained: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Demand-fruit-juice-fruit-pulp-CESTAT-TAXSCAN.jpg "Goods are Assessed in the Form they are produced for Assessment, Demand of Duty on clearance Fruit Juice instead of Fruit Pulp not sustained: CESTAT [Read Order]")