![Disallowance of Contingent Liability shall not be Entertained as it does not form part of P&L Account: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Disallowance-Contingent-Liability-Entertained-as-P-L-Account-ITAT-TAXSCAN.jpg "Disallowance of Contingent Liability shall not be Entertained as it does not form part of P&L Account: ITAT [Read Order]")
Disallowance of Contingent Liability shall not be Entertained as it does not form part of P&L Account: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) held that the disallowances of contingent liability shall not be entertained as it does...
![Issuance of Notice for Reopening Income Tax Assessment by ITO not having Territorial jurisdiction is invalid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Issuance-of-notice-for-reopening-income-tax-assessment-by-ITO-territorial-jurisdiction-is-invalid-ITAT-TAXSCAN.jpg "Issuance of Notice for Reopening Income Tax Assessment by ITO not having Territorial jurisdiction is invalid: ITAT [Read Order]")
![Income Tax Deduction cant be Denied on ground of Return filed Belatedly u/s 139(4) of IT Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Income-Tax-Deduction-Income-Tax-Deduction-Return-filed-IT-Act-Income-Tax-Act-ITAT-Taxscan.jpg "Income Tax Deduction cant be Denied on ground of Return filed Belatedly u/s 139(4) of IT Act: ITAT [Read Order]")
![Leave Encashment of Employees Working in Department of Telecommunication Exempted u/s 10(10AA) Income Tax Act: ITAT deletes Disallowance [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Leave-Encashment-employees-working-Department-Telecommunication-Income-Tax-Act-ITAT-disallowance-TAXSCAN.jpg "Leave Encashment of Employees Working in Department of Telecommunication Exempted u/s 10(10AA) Income Tax Act: ITAT deletes Disallowance [Read Order]")
![Bombay HC Quashes Assessment Notice u/s 148 Income Tax Act on Absence of Failure on part of assessee to Truly and Fully Disclose Material Fact [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Bombay-HC-Quashes-Assessment-Notice-Income-Tax-Act-on-Absence-of-Failure-on-part-of-assessee-to-Truly-and-Fully-Disclose-Material-Fact-TAXSCAN.jpg "Bombay HC Quashes Assessment Notice u/s 148 Income Tax Act on Absence of Failure on part of assessee to Truly and Fully Disclose Material Fact [Read Order]")
Original Return of Income filed before time prescribed u/s 139(1) of Income Tax Act: ITAT allows Claim of Deduction u/s.80JJAA of Act [Read Order]
The Income Tax Appellate Tribunal (ITAT) Mumbai Bench while allowing the claim of deduction under Section 80JJAA of Income Tax Act, 1961 held that original return of income was filed by the assessee...
![Original Return of Income filed before time prescribed u/s 139(1) of Income Tax Act: ITAT allows Claim of Deduction u/s.80JJAA of Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Original-Return-Income-filed-time-prescribed-Income-Tax-Act-ITAT-claim-deduction-TAXSCAN.jpg "Original Return of Income filed before time prescribed u/s 139(1) of Income Tax Act: ITAT allows Claim of Deduction u/s.80JJAA of Act [Read Order]")
TCS could not be Comparable for Bench Marking Off Shore Outsourcing Since Assessee Purchases Software for Customers, not a Developer: Delhi HC [Read Order]
The Delhi High Court has held that Tata Consultancy Service (TCS) could not be comparable for benchmarking offshore outsourcing since the assessee purchases software for customers, not a developer. ...
![TCS could not be Comparable for Bench Marking Off Shore Outsourcing Since Assessee Purchases Software for Customers, not a Developer: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/TCS-Bench-Marking-Off-Shore-Outsourcing-Off-Shore-Outsourcing-Assessee-Purchases-Software-for-Customers-Software-Developer-Delhi-High-Court-taxscan.jpg "TCS could not be Comparable for Bench Marking Off Shore Outsourcing Since Assessee Purchases Software for Customers, not a Developer: Delhi HC [Read Order]")
Notices And Proceedings Under Income Tax Act for Deceased Assessee as Null and Void: Bombay HC [Read Order]
A Division Bench of Bombay High Court has held that the notices and proceedings under Income Tax Act, 1961 for deceased assessee as null and void. The Petitioner, Dhirendra Bhupendra Sanghvi was...
![Notices And Proceedings Under Income Tax Act for Deceased Assessee as Null and Void: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Notices-Proceedings-Income-Tax-Act-Deceased-Assessee-Null-Bombay-High-Court-taxscan.jpeg "Notices And Proceedings Under Income Tax Act for Deceased Assessee as Null and Void: Bombay HC [Read Order]")
![Mere Determination of Income based on Surmise and Conjecture is Grossly Illegal: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Mere-Determination-of-Income-based-on-Surmise-and-Conjecture-is-Grossly-Illegal-ITAT-TAXSCAN.jpg "Mere Determination of Income based on Surmise and Conjecture is Grossly Illegal: ITAT [Read Order]")
![ITAT Upholds disallowance in respect of Delay in Deposit of Employees Contribution Fund [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/ITAT-disallowance-in-respect-of-Delay-in-Deposit-of-Employeesb-Contribution-Fund-TAXSCAN.jpg "ITAT Upholds disallowance in respect of Delay in Deposit of Employees Contribution Fund [Read Order]")
Order can't be passed when an Application for Delay Condonation is Pending before CBDT: ITAT set aside Order of CIT(A) [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal (ITAT) held that an order cannot be passed when an application for delay condonation is pending before the Central Board of Direct...
![Order cant be passed when an Application for Delay Condonation is Pending before CBDT: ITAT set aside Order of CIT(A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/ITAT-Delay-Condonation-CBDT-Order-Order-cant-be-passed-when-an-Application-for-Delay-Application-for-Delay-income-tax-taxscan.jpg "Order cant be passed when an Application for Delay Condonation is Pending before CBDT: ITAT set aside Order of CIT(A) [Read Order]")
![Disallowance to Enhancement of Assessed Income: ITAT Reverses Order of CIT(A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Disallowance-Enhancement-of-Assessed-Income-Enhancement-Assessed-Income-Income-ITAT-Reverses-Order-of-CITA-ITAT-Reverses-Order-of-CITA-Reverses-Order-CITA-taxscan.jpg "Disallowance to Enhancement of Assessed Income: ITAT Reverses Order of CIT(A) [Read Order]")