![Failure to Distinct between Electric Fitting Installed in Factory and Office Premises: ITAT Allows Higher Depreciation to Office Electric Fittings [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Failure-Failure-to-Distinct-between-Electric-Fitting-Installed-in-Factory-and-Office-Premises-Electric-Fitting-Installed-in-Factory-Office-Premises-ITAT-taxscan.jpg "Failure to Distinct between Electric Fitting Installed in Factory and Office Premises: ITAT Allows Higher Depreciation to Office Electric Fittings [Read Order]")
Failure to Distinct between Electric Fitting Installed in Factory and Office Premises: ITAT Allows Higher Depreciation to Office Electric Fittings [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has allowed higher depreciation to office electronic fittings on failure to distinguish...
![Delay in Filing Reply to Income Tax Notice due to Incorrect Login Password: Delhi HC quashes Assessment Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Delay-in-Filing-Reply-to-Income-Tax-Notice-Delay-Income-Tax-Notice-Income-Tax-Incorrect-Login-Password-Assessment-Order-Delhi-High-Court-taxscan.jpg "Delay in Filing Reply to Income Tax Notice due to Incorrect Login Password: Delhi HC quashes Assessment Order [Read Order]")
![No Penalty u/s 271(1)(c) Income Tax Act shall levied if Bonafide Assessee revised and added Interest Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/No-Penalty-Income-Tax-Act-levied-bonafide-assessee-Interest-Income-ITAT-TAXSCAN.jpg "No Penalty u/s 271(1)(c) Income Tax Act shall levied if Bonafide Assessee revised and added Interest Income: ITAT [Read Order]")
![ITAT quashes Reassessment Order passed without fulfillment of criteria u/s 151 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/ITAT-Reassessment-Order-ITAT-quashes-Reassessment-Order-fulfillment-of-criteria-Income-Tax-Act-Income-Tax-taxscan.jpg "ITAT quashes Reassessment Order passed without fulfillment of criteria u/s 151 of Income Tax Act [Read Order]")
ITAT quashes Reassessment Order passed u/s 148 of Income Tax Act based on vague reasons related to Transactions carried on platform of NSE [Read Order]
The Income Tax Appellate Tribunal (ITAT) Delhi bench quashes Reassessment order passed under Section 148 of the Income Tax Act, 1961 based on vague reasons related to transactions carried on platform...
![ITAT quashes Reassessment Order passed u/s 148 of Income Tax Act based on vague reasons related to Transactions carried on platform of NSE [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/ITAT-quashes-Reassessment-Order-passed-Income-Tax-Act-ITAT-Reassessment-Order-passed-Transactions-carried-on-platform-of-NSE-Reassessment-taxscan.jpg "ITAT quashes Reassessment Order passed u/s 148 of Income Tax Act based on vague reasons related to Transactions carried on platform of NSE [Read Order]")
Receipt of IUC Charges by Telefonica from Indian customers /end users cannot be taxed as Royalty / FTS under Section 9(1)(vi)/(vii) of Income Tax Act and India-Spain DTAA: ITAT [Read Order]
The Bangalore Bench of Income Tax Appellate Tribunal) ITAT) has held that the receipt of interconnectivity utility charges (IUC) from Indian customers or end users could not be taxed as royalty or...
![Receipt of IUC Charges by Telefonica from Indian customers /end users cannot be taxed as Royalty / FTS under Section 9(1)(vi)/(vii) of Income Tax Act and India-Spain DTAA: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Receipt-IUC-Receipt-of-IUC-Charges-IUC-Charges-Telefonica-India-Spain-DTAA-taxscan.jpg "Receipt of IUC Charges by Telefonica from Indian customers /end users cannot be taxed as Royalty / FTS under Section 9(1)(vi)/(vii) of Income Tax Act and India-Spain DTAA: ITAT [Read Order]")
Penalty Levied by AO u/s 271(1)(c) of Income Tax Act Beyond Jurisdiction is not Sustainable: ITAT [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) held that the addition made by the AO while completing the assessment under Section 147 of the Income Tax Act, 1961 was beyond the...
![Penalty Levied by AO u/s 271(1)(c) of Income Tax Act Beyond Jurisdiction is not Sustainable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Penalty-Income-Tax-Act-Jurisdiction-ITAT-TAXSCAN.jpg "Penalty Levied by AO u/s 271(1)(c) of Income Tax Act Beyond Jurisdiction is not Sustainable: ITAT [Read Order]")
![Reassessment Proceedings Commenced after 3 years are Time-Barred: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Reassessment-Proceedings-Commenced-after-3-years-Reassessment-Proceedings-Time-Barred-Delhi-High-Court-taxscan.jpg "Reassessment Proceedings Commenced after 3 years are Time-Barred: Delhi HC [Read Order]")
Assessee can't claim Deduction for Cash Purchase of land When Amount exceeds permissible limit of ₹10000 u/s 40A(3) of Income Tax Act: ITAT [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) held that the assessee cannot claim a deduction for the cash purchase of land when the amount exceeds the permissible limit of Rs....
![Assessee cant claim Deduction for Cash Purchase of land When Amount exceeds permissible limit of ₹10000 u/s 40A(3) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Assessee-claim-Deduction-Cash-Purchase-land-Amount-Income-Tax-Act-ITAT-TAXSCAN.jpg "Assessee cant claim Deduction for Cash Purchase of land When Amount exceeds permissible limit of ₹10000 u/s 40A(3) of Income Tax Act: ITAT [Read Order]")
Deletion of Income Tax Addition on the Ground of Incomplete Material Evidence against Assessee: ITAT restores Matter to CIT(A) [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal (ITAT) held that the Commissioner of Income Tax (Appeals) [CIT (A)] has not adjudicated the issues on merits thus restored the matter to the CIT(A)...
![Deletion of Income Tax Addition on the Ground of Incomplete Material Evidence against Assessee: ITAT restores Matter to CIT(A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Deletion-Income-Tax-Incomplete-Material-Evidence-Assessee-ITAT-CITA-TAXSCAN.jpg "Deletion of Income Tax Addition on the Ground of Incomplete Material Evidence against Assessee: ITAT restores Matter to CIT(A) [Read Order]")
Allotment of Shares in Scheme of Amalgamation is not Construed as Transfer u/s 47(vii) of Income Tax Act: Delhi HC [Read Order]
The Delhi High Court held that the allotment of shares in a scheme of amalgamation was not construed as transfer under Section 47(vii) of the Income Tax Act,1961. Banyan Real Estate Fund...
![Allotment of Shares in Scheme of Amalgamation is not Construed as Transfer u/s 47(vii) of Income Tax Act: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Allotment-of-Shares-in-Scheme-of-Amalgamation-is-not-Construed-as-Transfer-Income-Tax-Act-Delhi-HC-TAXSCAN.jpg "Allotment of Shares in Scheme of Amalgamation is not Construed as Transfer u/s 47(vii) of Income Tax Act: Delhi HC [Read Order]")