Patna HC sets aside the ITAT order and upholds the CIT(A) order deleting the addition of Rs. 1.91 Cr as unexplained cash credit under Section 68 👉 Read more on Taxsutra >> https://t.co/hXRW6S6dJf #Taxsutra #TaxsutraAlert #Section68 #IncomeTax #DirectTax #HighCourt

Mumbai ITAT deletes addition of Rs. 1.73 Cr on account of notional interest at 8% on interest-free loans and advances given by the Assessee holding the same to be unsustainable 👉 Read more on Taxsutra #Taxsutra #TaxsutraAlert #ITAT #DirectTax #NotionalInterest #TaxLitigation

#TaxsutraAlert Read here >> https://t.co/F3gCgykmwo

Mumbai ITAT upholds CIT(A) order quashing assessment order under Section 143(3) r.w. Section 153A for AYs 2014-15 & 2015-16, holding the same to be without jurisdiction on the ground that the assessment..... Read more>> https://t.co/wunm9FPYKY #Taxsutra #TaxsutraAlert #ITAT

Mumbai ITAT allows TDS credit of Rs. 73.24 Lacs to Assessee at the time of passing order giving effect by the AO, by holding that procedure of passing order giving effect is nothing but... 👉 Read more on Taxsutra >> https://t.co/47zlBKl5py #Taxsutra #ITAT #TaxsutraAlert

SC : Imposes Rs 10 lakh cost on IT Department. Read more >> https://t.co/SKvXz6XhJL #Tax #Taxsutra #WorldOfTax #TaxsutraAlert #Alert #SC

Taxsutra Alert : ITAT: Interest payment under MVAT Act pertains to law infraction. To read more facts, analysis and to access the copy of judgement click here >> https://t.co/1tr5t0SqjF #Tax #Taxsutra #TaxsutraAlert #Acts #Judgements #ITAI

.@TheShilpaShetty 's free brand ambassadorship services to @rajasthanroyals outside TP-ambit, deletes adjustment. To read facts, analysis and the copy of judgement click here >> https://t.co/6TKQeXuhnm #Tax #Taxsutra #TaxsutraAlert #WorldOfTax #ITAT

#TaxsutraAlert 🧾 Bangalore ITAT quashes assessment — AO exceeded powers by probing issues beyond limited scrutiny u/s 143(2) without PCIT/DIT approval. CBDT instructions under Sec.119 are binding — non-adherence makes order invalid. 🔗 https://t.co/WfSLJVe3G8 #Taxsutra #ITAT

SEBI: Extends timeline for FPIs investing under Portfolio Investment Scheme route to December, 31 Read here >> https://t.co/mmIuZWOQNE #Tax #TaxsutraAlert #LSI #CorporateLaw #NewsAlert @LawStreetIndia

HC : Block assessment annulment can't result into refund of tax admitted in return. Read facts, analysis and the copy of judgement >> https://t.co/NXgWNvQu48 #Tax #Taxsutra #TaxsutraAlert #WorldOfTax

ITAT: Rejects taxpayer’s LTCG exemption claim citing dubious trading in ‘penny stocks’ #Read here >> https://t.co/B2YsW23wnY #Tax #Taxsutra #WorldOfTax #ITAT #TaxsutraAlert

ITAT : Rejects taxation of salary accrued outside India despite failure to furnish TRC. #Read here >> https://t.co/jNGMsjitCG #Tax #Taxsutra #WorldOfTax #ITAT #TRC #TaxsutraAlert

ITAT: Deletes Rs. 2400 cr. addition towards leasing/ land development receipts; MIDC not land owner. #Read here >> https://t.co/3goZMpe4OK #Tax #Taxsutra #TaxsutraAlert #WorldOfTax #ITAT

ITAT : No TDS on 'scientific services' of Non-resident individuals; Article 14 to prevail over Article 12. Read here >> https://t.co/dMuEw9RnoQ #Tax #Taxsutra #TaxsutraAlert #WorldOfTax #ITAT