Judgement

The ITAT said that whether an expense is revenue or capital is a debatable issue, and the penalty under Section 271(1)(c) cannot be levied if the dispute involves debatable legal interpretations.

Section 271(1)(c) Penalty Cannot be Levied Where Issue is Debatable: ITAT

Section 271(1)(c) Penalty Cannot be Levied Where Disallowance Involves Debatable Issue: ITAT

News

The Central Government Orders Suspension of Chennai GST Commissioner Over Alleged Illegal Payment Demand.

GST Commissioner Suspended Over Bribery Allegations

Income Tax Addition for Unexplained Cash Deposits During Demonetization Period deleted for Cash Balance Backed by Books of account and computation of income

Demonetization Cash Deposits Addition Deleted as Books Fully Explained Cash Balance

ITAT upheld the CIT(A)'s ruling, holding that ad-hoc expense disallowances without rejecting audited books or proving defects cannot be sustained.

ITAT Dismisses Rs. 8.82 Crore Addition; Holds Estimated Disallowances Not Allowed Without Proof

As per the Maharashtra AAR, the supply of medicines, lab tests, bed charges, food, etc. to in-patients constitutes a composite supply, where healthcare service is the principal supply.

In-Patient Healthcare Services Including Medicines and Room Charges Treated as Composite Supply: AAR

ITAT held that salary earned and first received outside India by a non-resident is not taxable in India merely because it was later credited to an NRE bank account.

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Section 271(1)(c) Penalty Cannot be Levied Where Disallowance Involves Debatable Issue: ITAT

GST Commissioner Suspended Over Bribery Allegations

Demonetization Cash Deposits Addition Deleted as Books Fully Explained Cash Balance

ITAT Dismisses Rs. 8.82 Crore Addition; Holds Estimated Disallowances Not Allowed Without Proof

In-Patient Healthcare Services Including Medicines and Room Charges Treated as Composite Supply: AAR

Foreign Salary of Non-Resident Not Taxable in India Merely Due to NRE Account Credit: ITAT