ITAT

ITAT Held AO Cannot Examine Issues in Scrutiny Assessment Except for those Selected for Limited Scrutiny as per the CBDT Circular 2 min read

• Income Tax News and Analysis

ITAT Held AO Cannot Examine Issues in Scrutiny Assessment Except for those Selected for Limited Scrutiny as per the CBDT Circular

Aishani Pande 2 years ago

Recently, the Income Tax Appellate Tribunal (ITAT) has asserted that the Assessing Officer (AO) cannot travel for any reason except for the selection of scrutiny... Read More

Notional Interest Income on Loan, would be assessable as Income of assessee having Business Connection/PE in India: ITAT 2 min read

• Income Tax

Notional Interest Income on Loan, would be assessable as Income of assessee having Business Connection/PE in India: ITAT

Diksha Garg 4 years ago

ITAT ordered that notional income interest on the loan(interest-free) will now be considered as the income and worth if assessee having permanent residency or business... Read More

Cameron Pte Ltd (Singapore) vs. ADIT (ITAT Jaipur) Case – Notice Under 143(2) must be Served Within the Specified Time Before the Expiry of the Restricted Period 3 min read

• Income Tax

Cameron Pte Ltd (Singapore) vs. ADIT (ITAT Jaipur) Case – Notice Under 143(2) must be Served Within the Specified Time Before the Expiry of the Restricted Period

Diksha Garg 7 years ago

The notice under the provisions of section 143(2) of the Income tax Act is issued when the Assessing Officer (AO) evaluates the tax return submitted... Read More

NAFED v. ITAT – Special Bench Verdict to Claim the Expense Despite Stay by the Same Court 3 min read

• Income Tax

NAFED v. ITAT – Special Bench Verdict to Claim the Expense Despite Stay by the Same Court

Diksha Garg 8 years ago

 NAFED (National Agricultural Cooperative Marketing Federation of India Limited) and Alimenta, Switzerland entered into a Contract on 12th January 1980 (Financial year-1979-80) and 3rd April 1980 (Financial... Read More