![Proposed Addition made u/s 50C Income Tax Act in respect of LTCG can be processed only u/s 143(3) of I.T Act: ITAT restored issue back to AO [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/ITAT-restored-issue-back-to-AO-respect-of-LTCG-Income-Tax-Act-ITAT-restored-issue-taxscan.jpg "Proposed Addition made u/s 50C Income Tax Act in respect of LTCG can be processed only u/s 143(3) of I.T Act: ITAT restored issue back to AO [Read Order]")
Proposed Addition made u/s 50C Income Tax Act in respect of LTCG can be processed only u/s 143(3) of I.T Act: ITAT restored issue back to AO [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai bench, held that the proposed addition made under Section 50C of the Income Tax Act, 1961,...
![ITAT upholds addition made u/s 56(2)(viib) of Income Tax Act on account of excess consideration received on Allotment of Shares [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/ITAT-upholds-addition-Income-Tax-Act-Allotment-of-Shares-taxscan.jpg "ITAT upholds addition made u/s 56(2)(viib) of Income Tax Act on account of excess consideration received on Allotment of Shares [Read Order]")
![Excess interest paid to partners due to mistake in Tax Audit Report: ITAT directs Readjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Excess-interest-paid-to-partners-mistake-in-Tax-Audit-Report-ITAT-Readjudication-taxscan.jpg "Excess interest paid to partners due to mistake in Tax Audit Report: ITAT directs Readjudication [Read Order]")
![CESTAT upholds Imposition of penalty for failure in not being proactive for fulfilling regulation 10(d) of CBLR [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/CESTAT-upholds-Imposition-penalty-fulfilling-regulation-CBLR-taxscan.jpg "CESTAT upholds Imposition of penalty for failure in not being proactive for fulfilling regulation 10(d) of CBLR [Read Order]")
![Cable Wires Supplied to Treatment Plants are Eligible for Excise Duty Exemption: CESTAT Grants Relief to Cable Corporation of India by Quashing Excise Duty Demand [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Cable-Wires-Treatment-Plants-Excise-Duty-Exemption-CESTAT-Cable-Corporation-of-India-Excise-Duty-Demand-taxscan.jpg "Cable Wires Supplied to Treatment Plants are Eligible for Excise Duty Exemption: CESTAT Grants Relief to Cable Corporation of India by Quashing Excise Duty Demand [Read Order]")
Manufacture and Clearance of Final Products upto Place of Removal are Treated as Input Services and are Eligible for CENVAT Credit of Service Tax: CESTAT [Read Order]
The Mumbai bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) held that the manufacture and clearance of final products up to the place of removal are treated as input services...
![Manufacture and Clearance of Final Products upto Place of Removal are Treated as Input Services and are Eligible for CENVAT Credit of Service Tax: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Manufacture-Clearance-of-Final-Products-Input-Services-CENVAT-Service-Tax-CESTAT-taxscan.jpg "Manufacture and Clearance of Final Products upto Place of Removal are Treated as Input Services and are Eligible for CENVAT Credit of Service Tax: CESTAT [Read Order]")
‘Job Workers’ are Manufacturer who does not have an Obligation to Discharge Excise Duty Liability under Central Excise Act: CESTAT [Read Order]
The Mumbai bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) held that ‘job-worker’ was nothing but a manufacturer who did not have an obligation to discharge excise duty...
![‘Job Workers’ are Manufacturer who does not have an Obligation to Discharge Excise Duty Liability under Central Excise Act: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Job-Workers-Manufacturer-Obligation-Excise-Duty-Central-Excise-Act-CESTAT-taxscan.jpg "‘Job Workers’ are Manufacturer who does not have an Obligation to Discharge Excise Duty Liability under Central Excise Act: CESTAT [Read Order]")
Entries in books of account of Individual Entity Prior to Amalgamation cannot be part of additions made u/s 153A of IT Act in hands of assessee: ITAT deletes Addition [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench, held that entries in the books of account prior to amalgamation could not be part of additions made under Section 153A of the Income Tax Act,...
![Entries in books of account of Individual Entity Prior to Amalgamation cannot be part of additions made u/s 153A of IT Act in hands of assessee: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Entries-in-books-of-account-Individual-Entity-Amalgamation-IT-Act-ITAT-taxscan.jpg "Entries in books of account of Individual Entity Prior to Amalgamation cannot be part of additions made u/s 153A of IT Act in hands of assessee: ITAT deletes Addition [Read Order]")
Capital Gain Tax paid by Wife need not be taxed again for Husband: ITAT deletes Income Tax Addition [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) held that a husband need not pay capital gain tax already paid by his wife. The assessee filed its original return of income on...
![Capital Gain Tax paid by Wife need not be taxed again for Husband: ITAT deletes Income Tax Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Capital-Gain-tax-paid-wife-taxed-husband-ITAT-deletes-addition-TAXSCAN.jpg "Capital Gain Tax paid by Wife need not be taxed again for Husband: ITAT deletes Income Tax Addition [Read Order]")
No Service Tax Leviable under Obligations and responsibilities discharged by co- venturer in Joint Venture : CESTAT [Read Order]
The Mumbai bench of the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) held that no service tax is leviable under the obligations and responsibilities discharged by the co-venturer in a...
![No Service Tax Leviable under Obligations and responsibilities discharged by co- venturer in Joint Venture : CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/No-Service-Tax-Leviable-Obligations-discharged-co-venturer-Joint-Venture-TAXSCAN.jpg "No Service Tax Leviable under Obligations and responsibilities discharged by co- venturer in Joint Venture : CESTAT [Read Order]")
Notices of Hearing not received on Grounds of Technical Glitches in ITBA Portal : ITAT Directs Fresh Adjudication [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) directed fresh adjudication on the grounds of notices for hearing not received The taxpayer submitted their income tax return for...
![Notices of Hearing not received on Grounds of Technical Glitches in ITBA Portal : ITAT Directs Fresh Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Notices-Hearing-received-Grounds-Technical-Glitches-ITBA-Portal-ITAT-Fresh-Adjudication-TAXSCAN.jpg "Notices of Hearing not received on Grounds of Technical Glitches in ITBA Portal : ITAT Directs Fresh Adjudication [Read Order]")
Addition Made Purely on Estimation Basis , No Penalty shall be Leviable u/s 271(1)(c) of Income Tax Act : ITAT Deletes Penalty [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) held that the penalty levied under Section 271(1)(c) of the Income Tax Act,1961 is liable to be cancelled in the instant cases since the...
![Addition Made Purely on Estimation Basis , No Penalty shall be Leviable u/s 271(1)(c) of Income Tax Act : ITAT Deletes Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Addition-Made-Purely-Estimation-Basis-No-Penalty-Leviable-Income-Tax-Act-TAXSCANAddition-Made-Purely-Estimation-Basis-No-Penalty-Leviable-Income-Tax-Act-TAXSCAN.jpg "Addition Made Purely on Estimation Basis , No Penalty shall be Leviable u/s 271(1)(c) of Income Tax Act : ITAT Deletes Penalty [Read Order]")