![Once TDS Certificate is issued in the name of the Individual, Firm can’t claim Refund: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/12/TDS-Certificate-Taxscan.jpg "Once TDS Certificate is issued in the name of the Individual, Firm can’t claim Refund: ITAT [Read Order]")
Once TDS Certificate is issued in the name of the Individual, Firm can’t claim Refund: ITAT [Read Order]
The Income Tax Appellate Tribunal in its recent order ruled that firm cannot claim refund under the income Tax Act when TDS certificate is issued in...
![Revisional Order without hearing Assessees’ Submission is Invalid: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/06/Delhi-High-Court-Tax-Scan-1.jpg "Revisional Order without hearing Assessees’ Submission is Invalid: Delhi HC [Read Order]")
![Non-Imposition of Penalty in Assessment Order Constitute Error causing Prejudice to the Interest of Revenue: ITAT Upholds Revision [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/ITAT-Ahmedabad.jpg "Non-Imposition of Penalty in Assessment Order Constitute Error causing Prejudice to the Interest of Revenue: ITAT Upholds Revision [Read Order]")
![Revisionary Proceedings based on Letter Received from ACIT(TDS) is Invalid: ITAT Quashes Assessment against Vodafone [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/11/Vodafone-Taxscan.jpg "Revisionary Proceedings based on Letter Received from ACIT(TDS) is Invalid: ITAT Quashes Assessment against Vodafone [Read Order]")
![Income Tax Officer has No Power to Exercise Revisional Jurisdiction: Allahabad HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/09/Allahabad-High-Court-Taxscan.jpg "Income Tax Officer has No Power to Exercise Revisional Jurisdiction: Allahabad HC [Read Judgment]")
![ITAT dismisses PwC’s Claim for Expenditure worth 10.63 Crores [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/10/PwC-Taxscan.jpg "ITAT dismisses PwC’s Claim for Expenditure worth 10.63 Crores [Read Order]")
Serving Notice to Assessee is not an ‘Empty Formality’: ITAT deletes a Revision Order passed Ex-parte [Read Order]
While quashing an order of revision passed ex parte by the CIT under section 263 of the Income Tax Act, the ITAT Hyderabad held that serving of notice to assessee and giving him an opportunity to be...
![Serving Notice to Assessee is not an ‘Empty Formality’: ITAT deletes a Revision Order passed Ex-parte [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/ITAT-Kolkata-TaxScan.jpg "Serving Notice to Assessee is not an ‘Empty Formality’: ITAT deletes a Revision Order passed Ex-parte [Read Order]")
Interest Income on FDs used as Borrowing Margin Money for purpose of Setting Up the Industry is Taxable as ‘Other Income’: Rajasthan HC [Read Judgment]
In a recent ruling, the Rajasthan High Court held that the interest earned on Fixed Deposit receipts used by the assessee as borrowing margin money for funds for setting up the industry is revenue...
![Interest Income on FDs used as Borrowing Margin Money for purpose of Setting Up the Industry is Taxable as ‘Other Income’: Rajasthan HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/05/Interest-Taxscan.jpg "Interest Income on FDs used as Borrowing Margin Money for purpose of Setting Up the Industry is Taxable as ‘Other Income’: Rajasthan HC [Read Judgment]")
Subsidy Received for Setting Up or Expansion of Industry is ‘Capital Receipt’, Not Taxable: ITAT Delhi [Read Order]
In a recent ruling, the Income Tax Appellate Tribunal held that, Subsidy received for setting up of or expansion of industry falls in the realm of ‘Capital receipt’ which is not chargeable to tax. ...
![Subsidy Received for Setting Up or Expansion of Industry is ‘Capital Receipt’, Not Taxable: ITAT Delhi [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/07/Subsidy-Tax-Scan.jpg "Subsidy Received for Setting Up or Expansion of Industry is ‘Capital Receipt’, Not Taxable: ITAT Delhi [Read Order]")
![Depreciation can be Allowed even after the Net Income is Estimated: ITAT Hyderabad [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/08/Depreciation-Taxscan.jpg "Depreciation can be Allowed even after the Net Income is Estimated: ITAT Hyderabad [Read Order]")
CIT cannot exercise its revision powers when the AO allowed the claim of the assessee after proper examination: ITAT Kolkata [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal, in a recent decision held that the Commissioner of Income Tax (CIT) cannot exercise its revision powers under section 263 of the Income Tax Act,...
![CIT cannot exercise its revision powers when the AO allowed the claim of the assessee after proper examination: ITAT Kolkata [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/08/Assessing-Officer.jpg "CIT cannot exercise its revision powers when the AO allowed the claim of the assessee after proper examination: ITAT Kolkata [Read Order]")
CIT can exercise Revisionary Jurisdiction only the Assessment Order is Erroneous & Prejudicial to the Interest of Revenue; ITAT Kolkata [Read Order]
The Income Tax Appellate Tribunal, Kolkata division has recently declared that CIT can exercise revisionary jurisdiction under section 263 of the Income Tax Act, 1961 only when the order passed by the...
