![Rectification Not Available for Debatable Income Tax Matters: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Delhi-Income-tax-Debatable-Income-Tax-Matter-Rectification-in-income-tax-matter-Income-Tax-Appellate-Tribunal-taxscan.jpg "Rectification Not Available for Debatable Income Tax Matters: ITAT [Read Order]")
Rectification Not Available for Debatable Income Tax Matters: ITAT [Read Order]
In a recent ruling, the Income Tax Appellate Tribunal ( ITAT ) of Delhi held that rectification is not ermissible for debatable issues related to...
![Disregard of Additional Evidence By CIT(A): ITAT Remanda Ad Hoc Income Tax Disallowance to AO [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Delhi-Ad-Hoc-Income-Tax-Income-tax-Income-Tax-Disallowance-Disregard-of-Additional-Evidence-taxscan.jpg "Disregard of Additional Evidence By CIT(A): ITAT Remanda Ad Hoc Income Tax Disallowance to AO [Read Order]")
![Delhi HC Sets Aside Deduction of Tax Exempted Allowance in Insurance Amount Awarded By MACT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Delhi-High-Court-Deduction-of-Tax-Allowance-Insurance-Amount-Awarded-MACT-taxscan.webp "Delhi HC Sets Aside Deduction of Tax Exempted Allowance in Insurance Amount Awarded By MACT [Read Order]")
Income Tax Department Conducts Search and Seizure Operation in 40 premises of J&K based Business Group; Seizes Rs. 1.70 Crores of Unaccounted Cash
In a significant operation conducted on October 9, 2023, the Income Tax Department undertook a thorough search and seizure action in Jammu & Kashmir, focusing on a prominent business...
Amount Received from Sale of Khadi Yarn already added to Taxable Income: Delhi HC directs Re-adjudication to verify Additional Documents [Read Order]
In a significant case, the Delhi High Court directed the Re-adjudication to verify additional documents amount received from the sale of khadi yarn already added to taxable income. RTPL...
![Amount Received from Sale of Khadi Yarn already added to Taxable Income: Delhi HC directs Re-adjudication to verify Additional Documents [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Amount-Received-Sale-of-Khadi-Yarn-Taxable-Income-Delhi-HC-directs-Re-adjudication-verify-Additional-Documents-taxscan.jpg "Amount Received from Sale of Khadi Yarn already added to Taxable Income: Delhi HC directs Re-adjudication to verify Additional Documents [Read Order]")
Amount Received as Reimbursement of Service Tax not Includible in Gross Turnover for Purpose of Computing Taxable Income u/s 44BB of Income Tax Act: ITAT [Read Order]
The New Delhi Bench of the Income Tax Appellate Tribunal (ITAT), ruled that the amount received as reimbursement of service tax not includible in gross turnover for purpose of computing taxable...
![Amount Received as Reimbursement of Service Tax not Includible in Gross Turnover for Purpose of Computing Taxable Income u/s 44BB of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Amount-Received-Reimbursement-Service-Tax-Reimbursement-of-Service-Tax-Gross-Turnover-Computing-Taxable-Income-Taxable-Income-Taxable-Income-Tax-Act-taxscan.jpg "Amount Received as Reimbursement of Service Tax not Includible in Gross Turnover for Purpose of Computing Taxable Income u/s 44BB of Income Tax Act: ITAT [Read Order]")
Income has to be Computed after making Disallowance and 40% Resultant Income to be Treated as Taxable Income: ITAT [Read Order]
The Kolkata Bench of the Income Tax Appellate Tribunal (ITAT), ruled that the income has to be computed after making disallowance and 40% resultant income to be treated as taxable income. The...
![Income has to be Computed after making Disallowance and 40% Resultant Income to be Treated as Taxable Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Income-Income-has-to-be-Computed-Disallowance-Resultant-Income-Taxable-Income-ITAT-Income-Tax-taxscan.jpg "Income has to be Computed after making Disallowance and 40% Resultant Income to be Treated as Taxable Income: ITAT [Read Order]")
Lack of Motive behind Allegation of Assessee taking Accommodation Entries to Reduce Taxable Income: ITAT dismisses Revenue's Appeal [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has recently, in an appeal filed before it, on finding that there is lack of motive behind the allegation of the taking accommodation entries to...
![Lack of Motive behind Allegation of Assessee taking Accommodation Entries to Reduce Taxable Income: ITAT dismisses Revenues Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Accommodation-Entries-to-Reduce-Taxable-Income-ITAT-Revenues-Appeal-TAXSCAN.jpg "Lack of Motive behind Allegation of Assessee taking Accommodation Entries to Reduce Taxable Income: ITAT dismisses Revenues Appeal [Read Order]")
Difference b/w Amounts shown in Form No.26AS and reflected in P&L Account cannot brought to Income Tax: ITAT [Read Order]
The Pune Income Tax Appellate Tribunal (ITAT) has recently held that the difference between amounts shown in Form No.26AS and reflected in Profit and Loss Account could not be brought to Income Tax. ...
![Difference b/w Amounts shown in Form No.26AS and reflected in P&L Account cannot brought to Income Tax: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Difference-bw-Amounts-Form-No.26AS-PL-Account-Income-Tax-ITAT-Taxscan.jpg "Difference b/w Amounts shown in Form No.26AS and reflected in P&L Account cannot brought to Income Tax: ITAT [Read Order]")
Service Tax component not includible in Gross Receipts for Computing Deemed taxable Income u/s 44BBA: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Kolkata Bench held that Service tax component not includible in Gross receipts for computing deemed taxable income under Section 44BBA of the Income Tax Act,...
![Service Tax component not includible in Gross Receipts for Computing Deemed taxable Income u/s 44BBA: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Service-Tax-Gross-Receipts-taxable-Income-ITAT-taxscan.jpeg "Service Tax component not includible in Gross Receipts for Computing Deemed taxable Income u/s 44BBA: ITAT [Read Order]")