![Credit of Foreign Tax Cannot be denied for Not Filing Form 67 within Due Date of ITR u/s 139 (1) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/Credit-Foreign-Tax-Not-Filing-Form-67-Due-Date-ITR-itat-taxscan.jpg "Credit of Foreign Tax Cannot be denied for Not Filing Form 67 within Due Date of ITR u/s 139 (1) of Income Tax Act: ITAT [Read Order]")
Credit of Foreign Tax Cannot be denied for Not Filing Form 67 within Due Date of ITR u/s 139 (1) of Income Tax Act: ITAT [Read Order]
The Income Tax Appellate Tribunal ( ITAT ),Kolkata, has clarified that the credit of foreign tax cannot be denied solely for not filing Form 67...
![Belated deposit of ESI/EPF: ITAT allows exemption under section 154 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Belated-ESI-deposit-ITAT-Raipur-Belated-EPF-deposite-Exemption-for-delayed-deposit-of-ESI-Deduction-for-ESI-delayed-deposite-ESI-EPF-taxscan.jpg "Belated deposit of ESI/EPF: ITAT allows exemption under section 154 of Income Tax Act [Read Order]")
![Delhi HC orders Income Tax department to grant hearing to Ester Industries Ltd [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Delhi-High-Court-Income-Tax-department-Ester-Industries-Ltd-Capital-loss-claim-Court-decision-on-tax-correction-Assessee-rights-taxscan.jpg "Delhi HC orders Income Tax department to grant hearing to Ester Industries Ltd [Read Order]")
![No need to get Accounts Audited when Gross Business Receipts is less than Rs.1.00 Crore as prescribed u/s 44AB: ITAT allows Appeal by Treating ITR as Valid [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Accounts-Audited-Gross-Business-Receipts-Business-Receipts-ITAT-allows-Appeal-by-Treating-ITR-as-Valid-Income-Tax-Appellate-Tribunal-Income-Tax-return-TAXSCAN.jpg "No need to get Accounts Audited when Gross Business Receipts is less than Rs.1.00 Crore as prescribed u/s 44AB: ITAT allows Appeal by Treating ITR as Valid [Read Order]")
Recovery Proceeding under the Income Tax Act must be Against Deductor When fails to pay TAS to Government: Delhi HC [Read Order]
The Delhi High Court has held that recovery proceedings under Income Tax Act, 1961 must be against the deductor when fails to pay Tax at Source (TAS) to the Government. It was made clear that no...
![Recovery Proceeding under the Income Tax Act must be Against Deductor When fails to pay TAS to Government: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Recovery-Proceeding-Income-Tax-Act-Income-Tax-Tax-income-tax-news-tax-news-Deductor-taxscan.jpg "Recovery Proceeding under the Income Tax Act must be Against Deductor When fails to pay TAS to Government: Delhi HC [Read Order]")
Challenge to notice u/s 154 of Income Tax Act is Maintainable under Article 226 of Constitution of India: Gujarat HC grants Relief to Mastek Limited [Read Order]
The Gujarat High Court grants relief to Mastek Limited, and observed that challenge to notice under Section 154 of the Income Tax Act, 1961 is maintainable under Article 226 of the Constitution of...
![Challenge to notice u/s 154 of Income Tax Act is Maintainable under Article 226 of Constitution of India: Gujarat HC grants Relief to Mastek Limited [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/notice-Income-Tax-Act-Income-Tax-Constitution-of-India-Gujarat-HC-taxscan.jpg "Challenge to notice u/s 154 of Income Tax Act is Maintainable under Article 226 of Constitution of India: Gujarat HC grants Relief to Mastek Limited [Read Order]")
Excess interest paid to partners due to mistake in Tax Audit Report: ITAT directs Readjudication [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai bench, while observing that excess interest paid to the partners of the firm was due to a mistake in the Tax audit report, directed it for...
![Excess interest paid to partners due to mistake in Tax Audit Report: ITAT directs Readjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Excess-interest-paid-to-partners-mistake-in-Tax-Audit-Report-ITAT-Readjudication-taxscan.jpg "Excess interest paid to partners due to mistake in Tax Audit Report: ITAT directs Readjudication [Read Order]")
Advance Payment for Purchase of Land and Deposit in Capital Gain Scheme Account Established: ITAT Dismisses Income Tax Dept's Appeal [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) held that advance payment made for the purchase of land stand establish as the same was through a banking channels and the bank certificate of...
![Advance Payment for Purchase of Land and Deposit in Capital Gain Scheme Account Established: ITAT Dismisses Income Tax Depts Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Advance-Payment-for-Purchase-of-Land-Deposit-in-Capital-Gain-Scheme-Account-Established-Advance-Payment-TAXSCAN.jpg "Advance Payment for Purchase of Land and Deposit in Capital Gain Scheme Account Established: ITAT Dismisses Income Tax Depts Appeal [Read Order]")
Income Tax Refund Not Received by Assesee Even After 2 Months: Delhi HC directs Revenue to Refund after Inquiry by CBDT [Read Order]
The Delhi High Court in a recent case directed the Income Tax department to refund the amount which was not given to the assessee even after a delay of 2 months. The court was also directed to do as...
![Income Tax Refund Not Received by Assesee Even After 2 Months: Delhi HC directs Revenue to Refund after Inquiry by CBDT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Income-Tax-Refund-Income-Tax-Refund-Assesee-Delhi-HC-Revenue-CBDT-taxscan.jpg "Income Tax Refund Not Received by Assesee Even After 2 Months: Delhi HC directs Revenue to Refund after Inquiry by CBDT [Read Order]")
Capital Investment from Surplus Funds available out of Various Income Taxed under Different Heads without Precise Accounting: ITAT upholds Disallowance of Bad Debts [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has upheld the disallowance of bad debts as the capital investment from surplus funds was available out of various income taxed under different...
![Capital Investment from Surplus Funds available out of Various Income Taxed under Different Heads without Precise Accounting: ITAT upholds Disallowance of Bad Debts [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Capital-Investment-Surplus-Funds-Income-Taxed-Different-Heads-Precise-Accounting-ITAT-Disallowance-Bad-Debts-TAXSCAN.jpg "Capital Investment from Surplus Funds available out of Various Income Taxed under Different Heads without Precise Accounting: ITAT upholds Disallowance of Bad Debts [Read Order]")
Reserves and Subsidy created out of Profit after deduction of Tax shall not be taxable when credited to Partner's Capital Account: ITAT quashed Order of CIT(A) [Read Order]
The Jodhpur bench of the Income Tax Appellate Tribunal (ITAT) held that the reserves and subsidy created out of the profit after the deduction of tax shall not be taxable when credited to the...
![Reserves and Subsidy created out of Profit after deduction of Tax shall not be taxable when credited to Partners Capital Account: ITAT quashed Order of CIT(A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Reserves-Subsidy-Reserves-and-Subsidy-created-out-of-Profit-Profit-deduction-Tax-deduction-of-Tax-taxscan.jpg "Reserves and Subsidy created out of Profit after deduction of Tax shall not be taxable when credited to Partners Capital Account: ITAT quashed Order of CIT(A) [Read Order]")