![Opportunity to be Heard Denied:Â ITAT deletes addition u/s 68 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/Opportunity-Heard-Denied-ITAT-addition-Income-Tax-Act-taxscan.jpg "Opportunity to be Heard Denied:Â ITAT deletes addition u/s 68 of Income Tax Act [Read Order]")
Opportunity to be Heard Denied:Â ITAT deletes addition u/s 68 of Income Tax Act [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) deleted the addition under Section 68 of the Income Tax Act, 1961 citing denial of the...
![ITAT Annual Digest [Part 56]](https://www.taxscan.in/wp-content/uploads/2024/01/itat-annual-digest-56-part-taxscan.jpg "ITAT Annual Digest [Part 56]")
![CESTAT Annual Digest - [Part - 23]](https://www.taxscan.in/wp-content/uploads/2024/01/Annual-Digest-2023-CESTAT-Annual-Digest-2023-cestat-TAXSCAN-3.jpg "CESTAT Annual Digest - [Part - 23]")
Incurring expenditure for the purpose of expansion of business is allowable u/s 271(C) of Income Tax Act: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) held that NBFC being financial company tried to enter in to banking business and for this purpose the assessee incurred expenditure on...
![Incurring expenditure for the purpose of expansion of business is allowable u/s 271(C) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Incurring-expenditure-expansion-of-business-Income-Tax-Act-ITAT.jpg "Incurring expenditure for the purpose of expansion of business is allowable u/s 271(C) of Income Tax Act: ITAT [Read Order]")
ICAI Reprimands CA on Failure to Submit Exception Report stating Running of NBFC without Registration [Read Order]
The Institute of Chartered Accountants of India (ICAI) reprimanded Chartered Accountant (CA ) Rakesh Patni for failure to submit an exception report stating the running of a Non-Banking Finance...
![ICAI Reprimands CA on Failure to Submit Exception Report stating Running of NBFC without Registration [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/ICAI-Reprimands-CA-Exception-Report-Running-of-NBFC-without-Registration-Failure-to-Submit-Exception-Report-Registration-NBFC-taxscan.jpg "ICAI Reprimands CA on Failure to Submit Exception Report stating Running of NBFC without Registration [Read Order]")
![Mere Registration as NBFC not enough under Service tax for levy: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Registration-NBFC-NBFC-Registration-Service-tax-for-levy-Service-tax-CESTAT-Customs-Excise-Service-Tax-taxscan.jpg "Mere Registration as NBFC not enough under Service tax for levy: CESTAT [Read Order]")
Foreclosure Charges Collected by NBFC Not subject to Service Tax: CESTAT Quashes Demand Against Sundaram Finance [Read Order]
The demand notice against Sundaram Finance was quashed by the Chennai Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT ) on the grounds that the foreclosure fees collected by...
![Foreclosure Charges Collected by NBFC Not subject to Service Tax: CESTAT Quashes Demand Against Sundaram Finance [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Foreclosure-Charges-NBFC-Service-Tax-CESTAT-Sundaram-Finance-TAXSCAN.jpg "Foreclosure Charges Collected by NBFC Not subject to Service Tax: CESTAT Quashes Demand Against Sundaram Finance [Read Order]")
Telangana HC grants Conditional Bail to Kudos Finance CEO Allegedly involved in Loan App Case [Read Order]
The Telangana High court has granted the Conditional Bail to Kudos Finance CEO Allegedly involved in Loan App Case. Kudos NBFC 'purportedly' engages fintech (digital lending partners) companies as...
