![CESTAT upholds Demand of Cenvat Credit of Service Tax paid on Outdoor Catering Service for Normal Period [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/CESTAT-Cenvat-Credit-Outdoor-Catering-Service-taxscan.jpg "CESTAT upholds Demand of Cenvat Credit of Service Tax paid on Outdoor Catering Service for Normal Period [Read Order]")
CESTAT upholds Demand of Cenvat Credit of Service Tax paid on Outdoor Catering Service for Normal Period [Read Order]
The Mumbai Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) upheld the demand of cenvat credit of service tax paid on outdoor...
![Floor Bed Area Open to sky and Balcony Area below Floor level doesnt form part of Constructed Area, Deduction u/s 80IB(10) shall be allowed: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Income-Tax-Appellate-Tribunal-ITAT-Floor-Bed-Area-sky-and-Balcony-Area-TAXSCAN.jpg "Floor Bed Area Open to sky and Balcony Area below Floor level doesnt form part of Constructed Area, Deduction u/s 80IB(10) shall be allowed: ITAT [Read Order]")
![Receipt of Compensation for Hardship is in Nature of Capital Receipt and shall not be liable to Tax: ITAT deletes Addition made on corpus fund [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Receipt-of-Compensation-Capital-Receipt-ITAT-deletes-Addition-TAXSCAN.jpg "Receipt of Compensation for Hardship is in Nature of Capital Receipt and shall not be liable to Tax: ITAT deletes Addition made on corpus fund [Read Order]")
![Exemption u/s 54EC shall not be allowed when Investment has not been made during Period of limitation provided u/s 54EC: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/ITAT-Investment-Income-Tax-Act-TAXSCAN.jpg "Exemption u/s 54EC shall not be allowed when Investment has not been made during Period of limitation provided u/s 54EC: ITAT [Read Order]")
![Reference to TPO for TP adjustment towards SDT Under Section 92BA(i) of IT Act to be omitted as per Finance Act 2017: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/TPO-income-tax-Reference-to-TPO-for-TP-ITAT-taxscan.jpg "Reference to TPO for TP adjustment towards SDT Under Section 92BA(i) of IT Act to be omitted as per Finance Act 2017: ITAT [Read Order]")
Claim of setoff of Unabsorbed Depreciation carried forward from earlier year against Income from Capital Gains shall be permitted: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) held that the claim of setoff of unabsorbed depreciation carried forward from earlier years against income from capital gains shall be...
![Claim of setoff of Unabsorbed Depreciation carried forward from earlier year against Income from Capital Gains shall be permitted: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Depreciation-income-tax-news-Capital-Gains-shall-be-permitted-TAXSCAN.jpg "Claim of setoff of Unabsorbed Depreciation carried forward from earlier year against Income from Capital Gains shall be permitted: ITAT [Read Order]")
Failure of AO to conduct an Independent Investigation: ITAT deletes Addition u/s 68 made on Presumptions and Conjectures [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) deleted the addition under Section 68 of the Income Tax Act, 1961 made on presumptions and conjectures and also the failure of the...
![Failure of AO to conduct an Independent Investigation: ITAT deletes Addition u/s 68 made on Presumptions and Conjectures [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Failure-of-AO-ITAT-deletes-Addition-Presumptions-and-Conjectures-Income-Tax-Appellate-Tribunal-Assessing-Officer-taxscan.jpg "Failure of AO to conduct an Independent Investigation: ITAT deletes Addition u/s 68 made on Presumptions and Conjectures [Read Order]")
CENVAT Credit Reverses before issuance of Notice, No Cause to Initiate Proceedings under Rule 14 of CCR: CESTAT [Read Order]
The Mumbai bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has held that no cause to initiate proceedings under Rule 14 of the Cenvat Credit Rules (CCR), 2004 when Cenvat...
![CENVAT Credit Reverses before issuance of Notice, No Cause to Initiate Proceedings under Rule 14 of CCR: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/CESTAT-excise-Cenvat-Credit-Rules-Mumbai-bench-taxscan.jpg "CENVAT Credit Reverses before issuance of Notice, No Cause to Initiate Proceedings under Rule 14 of CCR: CESTAT [Read Order]")
‘Angles’, ‘Beams’ and ‘Channels’ are covered within the Definition of ‘capital goods’ in rule 2(a) of CENVAT Credit Rules: CESTAT [Read Order]
The Mumbai bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has held that Angles’, ‘Beams’ and ‘Channels’ were covered within the definition of ‘capital goods’ in rule 2(a) of...
![‘Angles’, ‘Beams’ and ‘Channels’ are covered within the Definition of ‘capital goods’ in rule 2(a) of CENVAT Credit Rules: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/CESTAT-capital-goods-CENVAT-Credit-Rules-excise-taxscan.jpg "‘Angles’, ‘Beams’ and ‘Channels’ are covered within the Definition of ‘capital goods’ in rule 2(a) of CENVAT Credit Rules: CESTAT [Read Order]")
Interest Expenditure claimed under head of Income from House property in Original ITR: ITAT allows deduction u/s 24 of Income Tax Act
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) allowed the deduction under Section 24 of the Income Tax Act, 1961 due to interest expenditure claimed under the head of income from house...
ITAT quashes levy of Penalty u/s 271(1)(c) of Income Tax Act on ground of Absence of Proper Opportunity of Hearing [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) quashed the levy of penalty under section 271(1)(c ) of the Income Tax Act,1961 on the grounds of absence of proper opportunity of...
![ITAT quashes levy of Penalty u/s 271(1)(c) of Income Tax Act on ground of Absence of Proper Opportunity of Hearing [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Penalty-Mumbai-bench-tax-news-Income-Tax-Act-taxscan.jpg "ITAT quashes levy of Penalty u/s 271(1)(c) of Income Tax Act on ground of Absence of Proper Opportunity of Hearing [Read Order]")
Expenditure pertaining to Consultancy fees can be treated as Revenue Expenditure are eligible for deduction u/s. 37(1) of Income Tax Act: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) held that the expenditure of consultancy fees can be treated as revenue expenditure and is eligible for the deduction under section 37 (1)...
![Expenditure pertaining to Consultancy fees can be treated as Revenue Expenditure are eligible for deduction u/s. 37(1) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Expenditure-pertaining-Consultancy-fees-Revenue-Expenditure-Income-Tax-Act-ITAT-Income-Appellate-taxscan-1.jpg "Expenditure pertaining to Consultancy fees can be treated as Revenue Expenditure are eligible for deduction u/s. 37(1) of Income Tax Act: ITAT [Read Order]")