![No Penalty even If Some Discrepancies found during Survey Once the Assessee already declared the Income in Return: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2019/02/Cross-Examination-ITAT-Taxscan.jpg "No Penalty even If Some Discrepancies found during Survey Once the Assessee already declared the Income in Return: ITAT [Read Order]")
No Penalty even If Some Discrepancies found during Survey Once the Assessee already declared the Income in Return: ITAT [Read Order]
In recent case Income Tax Appellate Tribunal ( ITAT ), Jaipur held that even if some discrepancies were found during the survey resulting in surrender...
![Defect in Notice would invalidate Penalty Proceedings: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/08/Notice-Taxscan.jpg "Defect in Notice would invalidate Penalty Proceedings: ITAT [Read Order]")
![Statement made during Survey admissible as Evidence If supported by Corroborative Evidence: Madras High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/09/GST-AAR-Madras-High-Court-Taxscan.jpg "Statement made during Survey admissible as Evidence If supported by Corroborative Evidence: Madras High Court [Read Judgment]")
![No Addition on the Basis of Statements recorded under S. 133A Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/04/Service-Tax-Taxscan.jpg "No Addition on the Basis of Statements recorded under S. 133A Income Tax Act: ITAT [Read Order]")
![‘ Roaming Charges ’ and ‘ Discounts Offered to Distributors ’ not liable for TDS deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/04/Roaming-Charges-TDS-Taxscan.jpg "‘ Roaming Charges ’ and ‘ Discounts Offered to Distributors ’ not liable for TDS deduction: ITAT [Read Order]")
Provisions of Deemed Dividend applicable when Assessee diverted Advance amount received for procuring Import Licences for Purchase of Shares: Delhi HC [Read Judgment]
While hearing the case of Commissioner of Income Tax vs M/s Prasidh Leasing Limited, the Delhi High Court ruled that Provisions of Deemed Dividend applicable when Assessee diverted Advance amount...
![Provisions of Deemed Dividend applicable when Assessee diverted Advance amount received for procuring Import Licences for Purchase of Shares: Delhi HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/08/Deemed-Dividends-Taxscan.jpg "Provisions of Deemed Dividend applicable when Assessee diverted Advance amount received for procuring Import Licences for Purchase of Shares: Delhi HC [Read Judgment]")
ITAT Deletes Penalty since Delay in filing Audit Report was due to Dispute with Auditor [Read Order]
Kolkata bench of Income Tax Appellate Tribunal (ITAT) deleted the penalty imposed by the Assessing Officer (AO) on ground that the delay in the submission of audit report was due to dispute with the...
![ITAT Deletes Penalty since Delay in filing Audit Report was due to Dispute with Auditor [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/01/Audit-Report-Taxscan.jpg "ITAT Deletes Penalty since Delay in filing Audit Report was due to Dispute with Auditor [Read Order]")
‘Tax Arrear’ for the purpose of Direct Tax Amnesty Scheme, 2016 includes Penalty: Gujarat HC [Read Judgment]
In a recent ruling, a division bench of the Gujarat High Court held that the definition of “tax arrear” under the Direct Tax Dispute Resolution Scheme, 2016 includes penalty also. However, Justices...
![‘Tax Arrear’ for the purpose of Direct Tax Amnesty Scheme, 2016 includes Penalty: Gujarat HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/08/Tax-Arrear.jpg "‘Tax Arrear’ for the purpose of Direct Tax Amnesty Scheme, 2016 includes Penalty: Gujarat HC [Read Judgment]")
Salary Paid to Partners can be Deducted from Amount Surrendered to Dept If such Amount was shown as Business Income: Bombay HC [Read Judgment]
A division bench of the Bombay High Court, in M/s Bagdi Enterprises v. ITO, Nagpur, held that a Firm can claim a deduction of salary paid to partners on amount surrendered to the department if such...
![Salary Paid to Partners can be Deducted from Amount Surrendered to Dept If such Amount was shown as Business Income: Bombay HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/06/Bombay-High-Court-2-Tax-Scan.jpg "Salary Paid to Partners can be Deducted from Amount Surrendered to Dept If such Amount was shown as Business Income: Bombay HC [Read Judgment]")
Block Assessment based on Statement of an Employee of Assessee u/s 133A alone is invalid in absence of Any other ‘incriminating material’: Delhi HC [Read Judgment]
In a significant ruling, the division bench of the Delhi High Court held that Block Assessment under Section 153C of the Income Tax Act is not sustainable if it was made on the basis of Statement of...
![Block Assessment based on Statement of an Employee of Assessee u/s 133A alone is invalid in absence of Any other ‘incriminating material’: Delhi HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/06/Delhi-High-Court-Tax-Scan-1.jpg "Block Assessment based on Statement of an Employee of Assessee u/s 133A alone is invalid in absence of Any other ‘incriminating material’: Delhi HC [Read Judgment]")
Addition is Justifiable when Assessee Voluntarily admits Tax Liability during the Course of Proceedings and later refuses: Delhi HC [Read Order]
In a recent ruling the division bench of the Delhi High Court upheld an addition made under the Income Tax Act by holding that the same is justifiable when assessee voluntarily admits Tax Liability...
![Addition is Justifiable when Assessee Voluntarily admits Tax Liability during the Course of Proceedings and later refuses: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/05/Tax-Liability-TaxScan.jpg "Addition is Justifiable when Assessee Voluntarily admits Tax Liability during the Course of Proceedings and later refuses: Delhi HC [Read Order]")