![Addition u/s 69A cant be made on basis of Unsigned and Unexecuted Draft of Agreement to Sale found in Soft Copy from Third Party Premises: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Addition-Unsigned-Unexecuted-Draft-Agreement-Sale-found-Soft-Copy-Third-Party-Premises-ITAT-TAXSCAN.jpg "Addition u/s 69A cant be made on basis of Unsigned and Unexecuted Draft of Agreement to Sale found in Soft Copy from Third Party Premises: ITAT [Read Order]")
Addition u/s 69A can't be made on basis of Unsigned and Unexecuted Draft of Agreement to Sale found in Soft Copy from Third Party Premises: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) held that the addition under Section 69A of the Income Tax Act, 1961 cannot be made on...
![Revenue Fails to Substantiate Allegation of Clandestine Removal of Scrap: CESTAT sets aside SCN Demanding Excise Duty [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Revenue-Revenue-Fails-to-Substantiate-Allegation-Allegation-Clandestine-Removal-of-Scrap-Revenue-Fails-to-Substantiate-Allegation-of-Clandestine-Removal-of-Scrap-CESTAT-taxscan.jpg "Revenue Fails to Substantiate Allegation of Clandestine Removal of Scrap: CESTAT sets aside SCN Demanding Excise Duty [Read Order]")
![Capital Gain Deduction u/s 54 Allowable in the Year of Handing Over of Possession, not in the Year of Payment of Consideration: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Capital-Gain-Deduction-Year-Handing-Possession-Year-Payment-Consideration-ITAT-TAXSCAN.jpg "Capital Gain Deduction u/s 54 Allowable in the Year of Handing Over of Possession, not in the Year of Payment of Consideration: ITAT [Read Order]")
![Order Denying Credit in Supplementary Invoices Evidencing Payment of Service Tax for period Before Amendments made in Cenvat Credit Rule is not Valid: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Order-Denying-Credit-Supplementary-Invoices-Payment-Service-Tax-Amendments-Cenvat-Credit-Rule-CESTAT-TAXSCAN.jpg "Order Denying Credit in Supplementary Invoices Evidencing Payment of Service Tax for period Before Amendments made in Cenvat Credit Rule is not Valid: CESTAT [Read Order]")
![Amount Deducted by Foreign Banks Towards Banking Charges Are not Taxable under Banking And Other Financial Services: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Amount-Deducted-Foreign-Banks-Banking-Charges-Taxable-Banking-Financial-Services-CESTAT-TAXSCAN.jpg "Amount Deducted by Foreign Banks Towards Banking Charges Are not Taxable under Banking And Other Financial Services: CESTAT [Read Order]")
Allegation of under Statement of Revenue in P&L account is Baseless as TDS is Deducted on VAT Amount: ITAT quashes Revisionary Order [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) held that the allegation of Principal Commissioner of Income Tax (PCIT) that the assessee has under stated the revenue shown in ...
![Allegation of under Statement of Revenue in P&L account is Baseless as TDS is Deducted on VAT Amount: ITAT quashes Revisionary Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Allegation-Allegation-of-under-Statement-of-Revenue-Revenue-P-L-account-TDS-taxscan.jpg "Allegation of under Statement of Revenue in P&L account is Baseless as TDS is Deducted on VAT Amount: ITAT quashes Revisionary Order [Read Order]")
ITAT directs Deposit of Cost of Rs. 2,000 in PM Relief Fund for Failure to Cooperate Before Appellate Authority in Respect of Penalty Proceedings [Read Order]
The Income Tax Appellate Tribunal (ITAT) Jaipur bench directed the deposit cost of Rs.2,000/- in the Prime Minister Relief Fund for failure to cooperate before appellate authority in respect of...
![ITAT directs Deposit of Cost of Rs. 2,000 in PM Relief Fund for Failure to Cooperate Before Appellate Authority in Respect of Penalty Proceedings [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/ITAT-directs-Deposit-ITAT-Deposit-PM-Relief-Fund-Appellate-Authority-Penalty-Proceedings-Taxscan.jpg "ITAT directs Deposit of Cost of Rs. 2,000 in PM Relief Fund for Failure to Cooperate Before Appellate Authority in Respect of Penalty Proceedings [Read Order]")
Sale consideration stated in Sale Deed pursuant to the Public Auction is to be accepted as Fair Market Value for purposes of Stamp Duty: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) held that the sale consideration stated in the sale deed pursuant to the public auction is to be accepted as the fair market value for the...
![Sale consideration stated in Sale Deed pursuant to the Public Auction is to be accepted as Fair Market Value for purposes of Stamp Duty: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Sale-consideration-Sale-Deed-Public-Auction-Fair-Market-Value-purposes-Stamp-Duty-ITAT-TAXSCAN.jpg "Sale consideration stated in Sale Deed pursuant to the Public Auction is to be accepted as Fair Market Value for purposes of Stamp Duty: ITAT [Read Order]")
SCN demanding Service Tax is not valid unless Revenue proves the Short Payment of Service Tax: CESTAT [Read Order]
The Mumbai bench of the Customs, Excise & Service Tax Appellate Tribunal (CESTAT) has held that a Show Cause Notice (SCN) demanding service tax is not valid unless revenue proves the short...
![SCN demanding Service Tax is not valid unless Revenue proves the Short Payment of Service Tax: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/SCN-demanding-Service-Tax-Service-Tax-SCN-Revenue-Short-Payment-of-Service-Tax-CESTAT-taxscan.jpg "SCN demanding Service Tax is not valid unless Revenue proves the Short Payment of Service Tax: CESTAT [Read Order]")
No Compulsion should be given to Opt for Notification which has Higher Duty Liability: CESTAT allows Excise Duty Exemption to Pre Laminated Bagasse Board [Read Order]
The Ahmedabad Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT), allowed excise duty exemption to pre laminated bagasse board and observed that no compulsion should be given to...
![No Compulsion should be given to Opt for Notification which has Higher Duty Liability: CESTAT allows Excise Duty Exemption to Pre Laminated Bagasse Board [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Compulsion-Opt-Notification-Higher-Duty-Liability-CESTAT-Excise-Duty-Exemption-Laminated-Bagasse-Board-TAXSCAN.jpg "No Compulsion should be given to Opt for Notification which has Higher Duty Liability: CESTAT allows Excise Duty Exemption to Pre Laminated Bagasse Board [Read Order]")
Longer Period of Limitation not Available when Entire Information on Service Tax Liability is in Knowledge of Revenue: CESTAT [Read Order]
The Ahmedabad Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT), observed that the longer period of limitation not available when the entire information on service tax...
![Longer Period of Limitation not Available when Entire Information on Service Tax Liability is in Knowledge of Revenue: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Longer-Period-of-Limitation-Limitation-Entire-Information-CESTAT-taxscan.jpg "Longer Period of Limitation not Available when Entire Information on Service Tax Liability is in Knowledge of Revenue: CESTAT [Read Order]")
Failure to Comply with Direction of HC in Rejecting Application for Registration u/s 10(23C) of Income Tax Act by CIT(E): ITAT Directs De-novo Adjudication [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) held that Commissioner of Income Tax (Exemption) [CIT (E)] failed to comply with the direction of High Court (HC) in rejecting application for...
![Failure to Comply with Direction of HC in Rejecting Application for Registration u/s 10(23C) of Income Tax Act by CIT(E): ITAT Directs De-novo Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Failure-Comply-Direction-HC-Rejecting-Application-Registration-Income-Tax-Act-CITE-ITAT-De-novo-Adjudication-TAXSCAN.jpg "Failure to Comply with Direction of HC in Rejecting Application for Registration u/s 10(23C) of Income Tax Act by CIT(E): ITAT Directs De-novo Adjudication [Read Order]")