![ITAT directs Re-adjudication in respect of stamp duty valuation upon sale of inherited property to brother [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/stamp-duty-valuation-inherited-property-income-tax-directs-Re-adjudication-taxscan.jpg "ITAT directs Re-adjudication in respect of stamp duty valuation upon sale of inherited property to brother [Read Order]")
ITAT directs Re-adjudication in respect of stamp duty valuation upon sale of inherited property to brother [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai bench, directed readjudication in respect of stamp duty valuation upon the sale of inherited...
![ITAT deletes addition made on account of notional ALV on unsold flats held as stock-in-trade [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Income-Tax-Appellate-Tribunal-stock-in-trade-notional-ALV-notional-Annual-Letting-Value-business-income-Taxscan.jpg "ITAT deletes addition made on account of notional ALV on unsold flats held as stock-in-trade [Read Order]")
![Compensation paid for closure of agreement entered with Private Company in Real Estate Development Business is allowable expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Compensation-paid-ITAT-income-tax-news-Mumbai-bench-taxscan.jpg "Compensation paid for closure of agreement entered with Private Company in Real Estate Development Business is allowable expenditure: ITAT [Read Order]")
![Books of Account cant be held incorrect merely due to an Inadvertent mistake in TAR which is supported by Affidavit of Auditor: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/ITAT-TAR-Affidavit-Mumbai-bench-income-tax-taxscan.jpg "Books of Account cant be held incorrect merely due to an Inadvertent mistake in TAR which is supported by Affidavit of Auditor: ITAT [Read Order]")
![Refund claim of Duty paid for Clearance of branded Garments Rescinding benefit of Excise Exemption: CESTAT restores Refund Application [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/CESTAT-Clearance-of-branded-Garments-Refund-Application-Customs-Excise-and-Service-Tax-Appellate-Tribunal-Garments-taxscan.jpg "Refund claim of Duty paid for Clearance of branded Garments Rescinding benefit of Excise Exemption: CESTAT restores Refund Application [Read Order]")
Disallowance of Restoration claim of Credit availed under CCR: CESTAT directs Re-adjudication on Claim of Hindustan Coca-Cola Beverages Ltd [Read Order]
In the case of Hindustan Coca-Cola Beverages Ltd, the Mumbai bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) directed to re-adjudication on the claim of disallowance of...
![Disallowance of Restoration claim of Credit availed under CCR: CESTAT directs Re-adjudication on Claim of Hindustan Coca-Cola Beverages Ltd [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Hindustan-Coca-Cola-Beverages-Ltd-CESTAT-Mumbai-bench-CENVAT-Credit-Rules-taxscan.jpg "Disallowance of Restoration claim of Credit availed under CCR: CESTAT directs Re-adjudication on Claim of Hindustan Coca-Cola Beverages Ltd [Read Order]")
Excise Duty Demand on Clearance of Welding Machines without analyzing Expert Evidence: CESTAT directs Re-adjudication [Read Order]
The Mumbai bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) directed the adjudicating authority for re-adjudication on excise duty demand on the clearance of welding machines...
![Excise Duty Demand on Clearance of Welding Machines without analyzing Expert Evidence: CESTAT directs Re-adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Welding-Machines-Excise-Duty-Demand-Mumbai-bench-CESTAT-taxscan.jpg "Excise Duty Demand on Clearance of Welding Machines without analyzing Expert Evidence: CESTAT directs Re-adjudication [Read Order]")
Rates for power made available through Indian Energy Exchange are not applicable to consumers; rather, they are rates to DISCOM: ITAT deletes TP Adjustment against Tata Steel [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai bench, held that rates for power made available through the Indian Energy Exchange are not applicable to consumers; instead, they are rates for...
![Rates for power made available through Indian Energy Exchange are not applicable to consumers; rather, they are rates to DISCOM: ITAT deletes TP Adjustment against Tata Steel [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Tata-Steel-TP-Adjustment-against-Tata-Steel-income-tax-taxscan.jpg "Rates for power made available through Indian Energy Exchange are not applicable to consumers; rather, they are rates to DISCOM: ITAT deletes TP Adjustment against Tata Steel [Read Order]")
CPC can't make an Addition u/s 50C of Income Tax Act without giving proper opportunity to Assessee: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) held that the Centralized Processing Centre (CPC) cannot make an addition under Section 50C of the Income Tax Act, 1961 without giving a...
![CPC cant make an Addition u/s 50C of Income Tax Act without giving proper opportunity to Assessee: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/CPC-ITAT-Centralized-Processing-Centre-Income-Tax-Act-Assessee-opportunity-Income-TAXSCAN.jpg "CPC cant make an Addition u/s 50C of Income Tax Act without giving proper opportunity to Assessee: ITAT [Read Order]")
Addition shall not be sustained solely on basis of AIR information and when Receipt declared by Assessee far exceeds the Amount: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) held that addition shall not be sustained on the basis of Annual Information Return (AIR) information and when the receipt declared by the...
![Addition shall not be sustained solely on basis of AIR information and when Receipt declared by Assessee far exceeds the Amount: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/ITAT-AIR-information-exceeds-the-Amount-Income-Tax-Appellate-Tribunal-Income-Tax-Appellate-Annual-Information-Return-AIR-TAXSCAN.jpg "Addition shall not be sustained solely on basis of AIR information and when Receipt declared by Assessee far exceeds the Amount: ITAT [Read Order]")
No Disallowance shall be made u/s 14A of Income Tax Act when assessee have own funds more than Investments earning Exempt Income: ITAT grants relief to macro tech Developers [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai bench held that no disallowance should be made under Section 14A of the Income Tax Act, 1961, when assessees have their own funds exceeding...
![No Disallowance shall be made u/s 14A of Income Tax Act when assessee have own funds more than Investments earning Exempt Income: ITAT grants relief to macro tech Developers [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/macro-tech-Developers-Income-Tax-Act-Investments-earning-Exempt-Income-taxscan.jpg "No Disallowance shall be made u/s 14A of Income Tax Act when assessee have own funds more than Investments earning Exempt Income: ITAT grants relief to macro tech Developers [Read Order]")
Late Fees u/s 234E of Income Tax Act without giving opportunity for submitting reasons for delay in Appeal filing: ITAT directs Re-adjudication [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has directed re-adjudication as late fee under Section 234E of the Income Tax Act 1961, was without giving opportunity for submitting reasons...
![Late Fees u/s 234E of Income Tax Act without giving opportunity for submitting reasons for delay in Appeal filing: ITAT directs Re-adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Re-Adjudication-Income-Tax-Act-tax-news-Mumbai-Bench-TAXSCAN.jpg "Late Fees u/s 234E of Income Tax Act without giving opportunity for submitting reasons for delay in Appeal filing: ITAT directs Re-adjudication [Read Order]")