Adjudication of Income Tax Appeal by CIT(A) w/o waiting for Remand Report from AO: ITAT Remands Matter
The Income Tax Appellate Tribunal ( ITAT ), Visakhapatnam recently remanded a case arising from the decision of the Commissioner of Income Taxes...
![Non-Mentioning of Tobacco Gradation In Invoices Not a Ground For Defend Confirmation of Excise Duty Demands: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/CESTAT-CESTAT-Mumbai-Excise-Duty-Demands-Tobacco-Gradation-Taxscan.jpg "Non-Mentioning of Tobacco Gradation In Invoices Not a Ground For Defend Confirmation of Excise Duty Demands: CESTAT [Read Order]")
![No Material on Record to Prove Earlier Rejection of Income Tax Exemption Registration: ITAT remands Matter to CIT(E) [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Visakapatanam-Income-Tax-Income-Tax-Exemption-Commissioner-of-Income-Tax-Rejection-of-Income-Tax-Exemption-taxscan.jpg "No Material on Record to Prove Earlier Rejection of Income Tax Exemption Registration: ITAT remands Matter to CIT(E) [Read Order]")
AO erred in Adding ₹12.10 Lakh to Income instead of ₹27 Cr: ITAT upholds Revision Order [Read Order]
The Income Tax Appellate Tribunal ( ITAT ) upheld the revision order under Section 263 of the Income Tax Act, which was initiated because the Assessing Officer ( AO ) had made an addition of ₹12.10...
![AO erred in Adding ₹12.10 Lakh to Income instead of ₹27 Cr: ITAT upholds Revision Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Delhi-Revision-Order-AO-erred-Taxscan.jpg "AO erred in Adding ₹12.10 Lakh to Income instead of ₹27 Cr: ITAT upholds Revision Order [Read Order]")
Summons issued u/s 70 Of CGST Act doesn't Initiate Proceedings u/s 6(2)(B) Of the Act: Kerala HC [Read Order]
In a recent case, the Kerala High Court held that summons issued under section 70 of Central Goods and Service Tax Act (CGST) , 2017 does not initiate proceedings under section 6(2)(b) of...
Declaration of Consignment in Form 8FA under KVAT Act is Mandatory: Kerala HC upholds Rs. 1 Lakh Penalty [Read Order]
In a significant case, the Kerala High Court has upheld the1 Lakh penalty under Kerala Value Added Tax Act ( KVAT Act ), 2005 for Non-Declaration in Form 8FA as it is mandatory under Act.The court...
Capital Gain arising out of Transfer of shares of an Indian entity cannot be Taxed at Hands of Foreign Entity in India: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) held that capital gain arising out of transfer of shares of an Indian entity cannot be taxed at hands of foreign entity in India...
![Capital Gain arising out of Transfer of shares of an Indian entity cannot be Taxed at Hands of Foreign Entity in India: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-mumbai-Income-Tax-Appellate-Tribunal-ITAT-Capital-Gain-Indian-entity-Foreign-Entity-out-of-Transfer-ITAT-NEWS-TAXSCAN.jpg "Capital Gain arising out of Transfer of shares of an Indian entity cannot be Taxed at Hands of Foreign Entity in India: ITAT [Read Order]")
Addition Made as Undisclosed Foreign Income and Asset under Black Money Act not Repeated Under Income Tax Act: ITAT [Read Order]
In a recent case, the Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) held that any addition made as undisclosed foreign income and assets under the Black Money Act (BMA), shall not be...
![Addition Made as Undisclosed Foreign Income and Asset under Black Money Act not Repeated Under Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/Delhi-High-Court-Black-Money-Foreign-Income-TAXSCAN.jpg "Addition Made as Undisclosed Foreign Income and Asset under Black Money Act not Repeated Under Income Tax Act: ITAT [Read Order]")
Delhi HC dismisses Petition against Reopening of Assessment u/s 148, affirms Validity of Notice [Read Order]
In the recent ruling,the High Court of Delhi,affirmed the validity of a notice issued under Section 148 of the Income Tax Act,1961,dismissing the petition filed by the petitioner against the...
