![Disallowance u/s 14A cannot be more than Exempt Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Disallowance-Exempt-Income-ITAT-TAXSCAN.jpg "Disallowance u/s 14A cannot be more than Exempt Income: ITAT [Read Order]")
Disallowance u/s 14A cannot be more than Exempt Income: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench, has recently, in an appeal filed before it, held that disallowance under section 14 A...
![CESTAT orders Fresh Adjudication to identify if Supply of Raw Material and Installation of Green House amounts to manufacture [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/CESTAT-Fresh-Adjudication-Raw-Material-Installation-Green-House-manufacture-TAXSCAN.jpg "CESTAT orders Fresh Adjudication to identify if Supply of Raw Material and Installation of Green House amounts to manufacture [Read Order]")
![Non-Filing of Income Tax Return amounts to Escapement of Income: ITAT upholds Reassessment u/s 147 [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Income-Tax-Return-Escapement-Income-ITAT-TAXSCAN.jpg "Non-Filing of Income Tax Return amounts to Escapement of Income: ITAT upholds Reassessment u/s 147 [Read Order]")
![Order allowing benefit U/s 28(6)(i) to importer company & MD and denying the same to CHA is not permissible: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/importer-company-MD-CHA-CESTAT-TAXSCAN.jpg "Order allowing benefit U/s 28(6)(i) to importer company & MD and denying the same to CHA is not permissible: CESTAT [Read Order]")
![Failure to Prove Creditworthiness of Concerns Involved or genuineness of Transaction: ITAT upholds Income Tax Addition on Share Application Money [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Creditworthiness-Concerns-Involved-genuineness-Transaction-Income-Tax-Share-Application-Money-TAXSCAN.jpg "Failure to Prove Creditworthiness of Concerns Involved or genuineness of Transaction: ITAT upholds Income Tax Addition on Share Application Money [Read Order]")
CIT(A) order accepting Additional Evidence in Violation of Rule 46A of Income Tax Rules not valid: ITAT sets aside Order
CIT(A) order accepting Additional evidence in violation of rule 46A of Income Tax Rules not valid, the Mumbai Bench of the Income Tax Appellate Tribunal (ITAT)set aside the order. M/s. Allied...
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 invoked when AO revised TDS credit after due...
![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]")
Disallowance of Loss on Trading in Shares and Communities based on fictitious transactions not permissible when evidence adduced: ITAT [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that disallowance of loss on trading in shares and Communities based on fictitious transactions is not permissible when the...
![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]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench, has recently held that imported goods re-exported by a unit duly approved by the development commissioner of the concerned SEZ, are allowable...
![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]
The Mumbai Bench Income Tax Appellate Tribunal (ITAT)has held that Rules cannot override the Act, relief allowable u/s 90 of the Income Tax Act,1961 in respect of the Foreign Tax Credit (FTC). ...
![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]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench, has recently in an appeal filed before it, held that the benefit given for sick company u/s 115 JB will not available when net worth of the...
![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]")