![Commissioner cannot invoke his Revisionary Jurisdiction If the matter has been already heard by CIT (A): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/ITAT-Ahmedabad.jpg "Commissioner cannot invoke his Revisionary Jurisdiction If the matter has been already heard by CIT (A): ITAT [Read Order]")
Commissioner cannot invoke his Revisionary Jurisdiction If the matter has been already heard by CIT (A): ITAT [Read Order]
The Income Tax Appellate Tribunal Jaipur bench in its recent order observed that the Commissioner cannot invoke his Revisionary Jurisdiction under...
![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]")
![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]")
Revisionary Proceedings based on Letter Received from ACIT(TDS) is Invalid: ITAT Quashes Assessment against Vodafone [Read Order]
Granting relief to Vodafone, the ITAT Delhi bench ruled that revisionary proceedings under section 263 of the Income Tax Act, 2017 cannot be made on the basis of a letter received from Assistant...
![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]")