Read all Latest Updates on and about Revenue

Begin typing your search above and press return to search.

Home
»
Revenue

Penalty u/s 271C based on Mere Assumption without Supporting Evidence is Invalid: ITAT [Read Order]

The Delhi bench of the Income Tax Appellate Tribunal (ITAT) held that penalty u/s 271C of the Income Tax Act,1961 based on mere assumption without...

Amendment to Sec 54F (1) applicable from 1.4.2015 onwards: ITAT grants Capital Gain Deduction for...

Exemption available to Supply for Specific Govt. Project: CESTAT allows Cenvat Credit on Capital...

Relief to PNB Housing Finance: ITAT confirms order of CIT in Computation of Rebate u/s 36(1)(viii)...

Development Fee directly taken to Corpus Account and Invested in Fixed Asset can be allowed as...

Consideration paid for Acquisition of Shares does not come under Revenue Deduction: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Pune has ruled that, Consideration paid for the acquisition of shares does not come under revenue deduction. The appellant, M/s. Adler Mediequip Pvt. Ltd...

Reimbursement of 'Office Expenses' has no Service Element, No Service Tax: CESTAT [Read Order]

The Bangalore bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has held that the reimbursement of office expenses, being no service element involved, cannot be subjected to...

Revenue failed to establish Clandestine Clearance: CESTAT sets aside Demand for Excise duty [Read Order]

The Customs, Excise, and Service Tax Appellate Tribunal (CESTAT), Ahmedabad set aside the demand for excise duty due to the failure of revenue in establishing the clandestine clearance. Shri...

Rectification Applications u/s 154 Pending Unanswered: Delhi HC directs Revenue to decide Application within 8 weeks [Read Order]

The Delhi High Court presided by Mr. Justice Manmohan and Ms. Justice Manmeet Pritam Singh Arora has directs revenue to decide application under section 154 within eight weeks since rectification...

Revenue Fails to provide Cross-Examination of Material Witness: ITAT Deletes Addition based on Statement of Witness [Read Order]

The Delhi bench of Income Tax Appellate Tribunal has deleted addition based on statement of witnesssince revenue fails to provide cross-examination of material witness. The appellant, Garg...

Revision u/s 263 not fulfilled Conditions: ITAT sets aside Order as there is No Prejudice to Interest of Revenue [Read Order]

Conditions for revision under Section 263 are not fulfilled hence Income Tax Appellate Tribunal (ITAT), Ahmedabad set asides order as there is no prejudice to interest of revenue. The assessee,...

Appeals by Assessee as well as Revenue are not Maintainable unless Liquidator amend Form 36A during Winding up Proceedings: ITAT [Read Order]

The Mumbai bench of Income Tax Appellate Tribunal ( ITAT ) has held that appeals by the assessee as well as revenue are not maintainable unless liquidator amend form 36A during winding up...

Prev Page Next Page