![Assessment not to Exceed the Scope of Prescribed ‘Limited’ Scrutiny, Except as per the Due Process of Law: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Assessment-Scrutiny-Law-ITAT-taxscan.jpeg "Assessment not to Exceed the Scope of Prescribed ‘Limited’ Scrutiny, Except as per the Due Process of Law: ITAT [Read Order]")
Assessment not to Exceed the Scope of Prescribed ‘Limited’ Scrutiny, Except as per the Due Process of Law: ITAT [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Pune has recently while allowing an appeal filed before it, held that the assessment shall not exceed the...
![CBDT amends Guidelines relating to Compulsory Selection of Income Tax Returns for Complete Scrutiny for Search Cases [Read Circular]](https://www.taxscan.in/wp-content/uploads/2022/06/CBDT-Income-Tax-Returns-Scrutiny-Taxscan.jpg "CBDT amends Guidelines relating to Compulsory Selection of Income Tax Returns for Complete Scrutiny for Search Cases [Read Circular]")
![Limited Scrutiny can be converted to Complete Scrutiny only with Approval of PCIT in writing: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/scrutiny-PCIT-ITAT-taxscan.jpg "Limited Scrutiny can be converted to Complete Scrutiny only with Approval of PCIT in writing: ITAT [Read Order]")
Assessee cannot encash the CENVAT Credit without following Procedure for making application, inviting a Scrutiny: Rajasthan HC [Read Order]
The Rajasthan High Court has held that assessee cannot encash the CENVAT credit without following procedure for making application, inviting a scrutiny. The petitioner, M/s Balkrishna Industries...
![Assessee cannot encash the CENVAT Credit without following Procedure for making application, inviting a Scrutiny: Rajasthan HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/02/CESTAT-Bangalore-Scrap-Income-Tax-Act-CENVAT-Rules-CESTAT-Taxscan.jpeg "Assessee cannot encash the CENVAT Credit without following Procedure for making application, inviting a Scrutiny: Rajasthan HC [Read Order]")
ITAT directs AO to work out disallowance u/s 14A on the basis of Investments yielding Dividend [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) directed the Assessing Officer to work out disallowance under section 14A on the basis of investments yielding dividend. The Assessee, Zuari...
![ITAT directs AO to work out disallowance u/s 14A on the basis of Investments yielding Dividend [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/01/ITAT-AO-Disallowance-undersection-14A-under-section-14A-Investments-Dividend-Taxscan.jpg "ITAT directs AO to work out disallowance u/s 14A on the basis of Investments yielding Dividend [Read Order]")
Kerala GST Dept. issues Circular on Functions of Proper Officer namely Scrutiny, Assessment, Detention, Seizure, Release, and Refund [Read Circular]
The Kerala Goods and Service Tax Department has issued a circular regarding functions of Proper officers namely scrutiny, assessment, detention, seizure, release, and refund. Presently, the...
![Kerala GST Dept. issues Circular on Functions of Proper Officer namely Scrutiny, Assessment, Detention, Seizure, Release, and Refund [Read Circular]](https://www.taxscan.in/wp-content/uploads/2021/11/Kerala-GST-Dept-Proper-officer-scrutiny-assessment-detention-seizure-refund-Taxscan.jpg "Kerala GST Dept. issues Circular on Functions of Proper Officer namely Scrutiny, Assessment, Detention, Seizure, Release, and Refund [Read Circular]")
Use of 15% of Plant and Machinery of Existing Business: ITAT allows Tax Benefit to New Undertaking since the Usage was below Specified Limit
The Income Tax Appellate Tribunal (ITAT), Chennai Bench allowed the Tax Benefit to New Undertaking since the Usage was below Specified Limit. The assessee, Mr. Pool Thevar Marimuthu an...
Reopening of Assessment Void if Condition Precedent prescribed u/s 147 not fulfilled: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Kolkata Bench held that the reopening of assessment void if condition precedent prescribed under section 147 of the Income Tax Act is not fulfilled. The...
![Reopening of Assessment Void if Condition Precedent prescribed u/s 147 not fulfilled: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/Reopening-Assessment-Condition-Precedent-ITAT-taxscan.jpeg "Reopening of Assessment Void if Condition Precedent prescribed u/s 147 not fulfilled: ITAT [Read Order]")
Interest on Late Payment of TDS does not constitute Business Expenditure: ITAT disallows Deduction [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench while disallowing the deduction held that the interest on Late Payment of TDS does not constitute Business Expenditure. The assessee, M/s. New...
![Interest on Late Payment of TDS does not constitute Business Expenditure: ITAT disallows Deduction [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/Interest-Late-Payment-TDS-Business-Expenditure-ITAT-Deduction-taxscan.jpg "Interest on Late Payment of TDS does not constitute Business Expenditure: ITAT disallows Deduction [Read Order]")