Electricity Load Extension Charges Allowable as Expenditure: ITAT
The Kolkata bench of Income Tax Appellate Tribunal (ITAT) has recently held that electricity load extension charges are allowable as expenditure. ...
![Firm comprising of Individual Partners cannot be treated as AOP: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Firm-comprising-of-Individual-Partners-AOP-ITAT-Taxscan.jpeg "Firm comprising of Individual Partners cannot be treated as AOP: ITAT [Read Order]")
![Prior approval of CCIT/DGIT for Scrutiny Assessment is Mandatory: Orissa HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/CCIT-DGIT-approval-of-DGIT-approval-of-CCIT-for-Scrutiny-Assessment-Orissa-HC-taxscan.jpg "Prior approval of CCIT/DGIT for Scrutiny Assessment is Mandatory: Orissa HC [Read Order]")
![Error Occurred Inadvertently and Assessee filed Reversed Return Admitting Demand: Delhi HC upholds decision set aside Penalty Proceedings u/s 271 [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Assessee-Reversed-Return-Demand-Delhi-Hc-Penalty-Proceedings-taxscan.jpg "Error Occurred Inadvertently and Assessee filed Reversed Return Admitting Demand: Delhi HC upholds decision set aside Penalty Proceedings u/s 271 [Read Order]")
![Delhi HC quashes Pre-Consultation Notice u/s 148A(d) of Income Tax Act passed without Considering Detailed Reply of Assessee [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Delhi-HC-Pre-Consultation-Notice-Income-Tax-Act-taxscan.jpg "Delhi HC quashes Pre-Consultation Notice u/s 148A(d) of Income Tax Act passed without Considering Detailed Reply of Assessee [Read Order]")
Assessing Officer fails to Cross Verify TDS details from Concerned Party: ITAT deletes Addition [Read Order]
The Income Tax Appellate Tribunal (ITAT), Kolkata has held that the Assessing Officer fails to cross verify Tax Deduction at Source (TDS) details from the concerned party and deletes addition. ...
![Assessing Officer fails to Cross Verify TDS details from Concerned Party: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/AO-TDS-ITAT-taxscan.jpeg "Assessing Officer fails to Cross Verify TDS details from Concerned Party: ITAT deletes Addition [Read Order]")
![ITAT quashes Scrutiny Assessment order without Proof of Service of Notice u/s 143 (2) [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/ITAT-Scrutiny-Assessment-Notice-taxscan.jpeg "ITAT quashes Scrutiny Assessment order without Proof of Service of Notice u/s 143 (2) [Read Order]")
Debatable issues cannot be Adjusted on mere Intimation u/s 143: ITAT allows Deduction u/s 80JJAA [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal (ITAT), has held that debatable issues cannot be adjusted on mere intimation u/s 143 and allows deduction u/s.80JJAA. The appellant, M/s....
![Debatable issues cannot be Adjusted on mere Intimation u/s 143: ITAT allows Deduction u/s 80JJAA [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Debatable-issues-ITAT-Deduction-taxscan.jpg "Debatable issues cannot be Adjusted on mere Intimation u/s 143: ITAT allows Deduction u/s 80JJAA [Read Order]")
Payment towards Buyback of Shares not Genuine: ITAT upholds Order against Cognizant Technology [Read Order]
Income Tax Appellate Tribunal (ITAT), Chennai bench consisting of Mahavir Singh, Vice President and G Manjunatha, Accountant Member upheld order against Cognizant Technology as payment towards...
![Payment towards Buyback of Shares not Genuine: ITAT upholds Order against Cognizant Technology [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Payment-Buyback-of-Shares-ITAT-Cognizant-Technology-taxscan.jpeg "Payment towards Buyback of Shares not Genuine: ITAT upholds Order against Cognizant Technology [Read Order]")
Addition u/s 68 will not sustain in the presence of Evidence which proves Authenticity of Transaction: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), New Delhi held that addition u/s 68 of Income Tax Act 1961 will not sustain in the presence of evidence which proves the authenticity of the transaction. ...
![Addition u/s 68 will not sustain in the presence of Evidence which proves Authenticity of Transaction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Addition-evidence-authenticity-of-transaction-ITAT-Taxscan.jpg "Addition u/s 68 will not sustain in the presence of Evidence which proves Authenticity of Transaction: ITAT [Read Order]")
Relief to Fenner India: Royalty Income not relatable to Export Business excludable from Business Profit u/s 80HHC, rules Madras HC [Read Order]
The division bench of Madras High Court presided by Mr. Justice R. Mahadevan and Mr. Justice J. Sathya Narayana Prasad has upheld the exclusion of royalty income from business profits for calculation...
![Relief to Fenner India: Royalty Income not relatable to Export Business excludable from Business Profit u/s 80HHC, rules Madras HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Export-Business-Madras-HC-Royalty-Income-Business-Profits-Deduction-Taxscan.jpeg "Relief to Fenner India: Royalty Income not relatable to Export Business excludable from Business Profit u/s 80HHC, rules Madras HC [Read Order]")
Penalty u/s 271(1)(b) on Non-Appearance will not sustain on Completion of Scrutiny Assessment: ITAT [Read Order]
Penalty u/s 271(1)(b) for non-appearance was deleted by the Mumbai bench of Income Tax Appellate Tribunal (ITAT) on completion of scrutiny assessment by the Assessing Officer after condoned the...
![Penalty u/s 271(1)(b) on Non-Appearance will not sustain on Completion of Scrutiny Assessment: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Penalty-Scrutiny-Assessment-ITAT-taxscan.jpeg "Penalty u/s 271(1)(b) on Non-Appearance will not sustain on Completion of Scrutiny Assessment: ITAT [Read Order]")