![Madras HC remands ITC denial matters u/s 16(4) of GST Act to AO, Orders Fresh Review under Finance Act 2024 [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Madras-HC-madras-high-court-Demand-Passed-Hearing-Hearing-Date-Madras-HC-directs-for-Reconsideration-Madras-HC-for-Reconsideration-madras-hc-news-madras-high-court-news-taxscan.jpg "Madras HC remands ITC denial matters u/s 16(4) of GST Act to AO, Orders Fresh Review under Finance Act 2024 [Read Order]")
Madras HC remands ITC denial matters u/s 16(4) of GST Act to AO, Orders Fresh Review under Finance Act 2024 [Read Order]
The Madras High Court has remanded several writ petitions involving the denial of Input Tax Credit ( ITC ) under Section 16(4) of the GST ( Goods and...
![S.263 of Income Tax Act Not to be invoked without Justifiable Reasons: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Income-Tax-ITAT-ITAT-Ahmedabad-Income-Tax-Act-TAXSCAN.webp "S.263 of Income Tax Act Not to be invoked without Justifiable Reasons: ITAT [Read Order]")
![GST Dept Ignored Detailed representation to Unlock Blocked Credit Ledger: Madras HC Orders Disposal Within 2 Weeks [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Madras-High-Court-Madras-HC-GST-HC-Orders-Blocked-Credit-Ledger-High-Court-news-HC-news-High-Court-Orders-Goods-and-Services-Tax-taxscan.jpg "GST Dept Ignored Detailed representation to Unlock Blocked Credit Ledger: Madras HC Orders Disposal Within 2 Weeks [Read Order]")
![Income Tax Notices Sent via Email against Assessees Request: ITAT Sets aside CIT(A)’s Ex Parte Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/ITAT-ITAT-Ahmedabad-Income-Tax-Notices-Ex-Parte-Order-Taxscan.jpg "Income Tax Notices Sent via Email against Assessees Request: ITAT Sets aside CIT(A)’s Ex Parte Order [Read Order]")
![80P Deduction cannot be claimed beyond due date of ITR Filing u/s 139(1): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/80P-Deduction-claimed-ITR-Filing-us-1391-ITAT-TAXSCAN.jpg "80P Deduction cannot be claimed beyond due date of ITR Filing u/s 139(1): ITAT [Read Order]")
Taxpayer is Eligible for Deduction u/s 80IA (4) for Operating and Maintaining Infrastructure Facility: ITAT [Read Order]
In a recent judgment, the Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) has ruled that the taxpayer is eligible for a deduction amounting to Rs. 295,58,08,285 under Section 80IA(4) of...
![Taxpayer is Eligible for Deduction u/s 80IA (4) for Operating and Maintaining Infrastructure Facility: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Taxpayer-Deduction-Operating-and-Maintaining-Infrastructure-Facility-ITAT-taxscan.jpg "Taxpayer is Eligible for Deduction u/s 80IA (4) for Operating and Maintaining Infrastructure Facility: ITAT [Read Order]")
ITAT sets aside Penalty u/s 271 (1)(c) as Demonstrates Sufficient Cause for 326 Day Delay in Quantum Appeal and 1 Delay in Penalty Appeal [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) has set aside the penalty under Section 271(1)(c) of the Income Tax Act, 1961, after the assessee demonstrated "sufficient cause" for...
![ITAT sets aside Penalty u/s 271 (1)(c) as Demonstrates Sufficient Cause for 326 Day Delay in Quantum Appeal and 1 Delay in Penalty Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/ITAT-Penalty-Demonstrates-Sufficient-Cause-Quantum-Appeal-Penalty-Appeal-taxscan.jpg "ITAT sets aside Penalty u/s 271 (1)(c) as Demonstrates Sufficient Cause for 326 Day Delay in Quantum Appeal and 1 Delay in Penalty Appeal [Read Order]")
ITAT Remands Case to AO after CIT (A) Rejects ITR and other Documents Linked to Unexplained Cash Credits from Relatives [Read Order]
The two-member bench of the Income Tax Appellate Tribunal (ITAT), Ahmedabad, remanded the case to the Assessing Officer after the Commissioner of Income Tax (Appeals) [CIT(A)] failed to verify the...
![ITAT Remands Case to AO after CIT (A) Rejects ITR and other Documents Linked to Unexplained Cash Credits from Relatives [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/ITAT-AO-CIT-A-ITR-Unexplained-Cash-Credits-from-Relatives-thaxscan.jpg "ITAT Remands Case to AO after CIT (A) Rejects ITR and other Documents Linked to Unexplained Cash Credits from Relatives [Read Order]")
No Nexus Between Borrowed Funds and Tax-Exempt Investments: ITAT quashes s.14A Disallowance under Income Tax [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) quashed invocation of section 14 of the Income Tax Act 1961 (ITA) noting that it was not applicable in the assessee’s case as no nexus...
![No Nexus Between Borrowed Funds and Tax-Exempt Investments: ITAT quashes s.14A Disallowance under Income Tax [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Nexus-Borrowed-Funds-Tax-Exempt-Investments-ITAT-Disallowance-Income-Tax-taxscan.jpeg "No Nexus Between Borrowed Funds and Tax-Exempt Investments: ITAT quashes s.14A Disallowance under Income Tax [Read Order]")
No Ingredients to Invoke Reassessment u/s 147 IT Act: Bombay HC quashes Reassessment Notices [Read Order]
The Bombay High Court of Judicature quashed the reassessment Notices issued by Income Tax Authorities demanding the reassessment under section 147 of the Income Tax Act, 1961. The court finds no...
![No Ingredients to Invoke Reassessment u/s 147 IT Act: Bombay HC quashes Reassessment Notices [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Reassessment-147-IT-Act-Bombay-HC-Reassessment-Notices-taxscan.jpg "No Ingredients to Invoke Reassessment u/s 147 IT Act: Bombay HC quashes Reassessment Notices [Read Order]")