ITAT Deletes Addition of Bogus Capital Gain by Sale of Shares, as Assessee, Not a Beneficiary States that the assessing officer had no proof to support his claim of collusion between the entities ...
ITAT Rules Against Protective Addition In Absence Of Substantive Addition The assessee submitted that the proceedings initiated under Section 147 of the Income Tax Act were time-barred The Delhi...
ITAT (Delhi): No TDS on Commission for Order Procurement by Foreign Agents The Delhi bench of the Income Tax Appellate Tribunal has ruled in favour of Alnoor Exports (the assessee), stating that the...
ITAT Rules ‘Supplementary Rent’ Paid by Spice Jet to Foreign Lessors Not Subject to Tax in India The Income Tax Appellate Tribunal (ITAT), Delhi has upheld the order of the Commissioner of Income Tax...
ITAT (Rajkot): 'Prima Facie Belief' Key for Initiating Income Tax ProceedingsThe Rajkot bench of the Income Tax Appellate Tribunal (ITAT) has ruled that under Section 147 of the Income Tax Act, the...
ITAT Chandigarh: Ownership of Land Not Mandatory to Claim Agriculture Income The Income Tax Appellate Tribunal (ITAT) in Chandigarh has recently determined that owning land in one's name is not a...
ITAT: No Penalty Can be Levied for Venial Technical Breach Without ‘Mala Fide Intention’ under Section 271B of Income Tax Act The Income Tax Appellate Tribunal (ITAT), Chennai has observed that when...
Income Tax Act Unaffected by Violation of Companies Act Section 185: ITAT (Mumbai) The Mumbai bench of the Income Tax Appellate Tribunal has recently determined that the breach of Section 185 of...
ITAT: Interest Income Received from Co-Operative Bank is Subject to Income Tax Deduction under section 80P(2)(d) of the Income Tax Act, 1961 The Income Tax Appellate Tribunal (ITAT), Mumbai, by its...
ITAT Sets Aside Penalty Imposed Against Taj Exim International in light of ‘De Novo’ Assessment Order The Income Tax Appellate Tribunal (ITAT), Mumbai, by its division bench of G.S. Pannu (President)...
Rental Compensation Received from A Builder for Redevelopment of Flats Is a Capital Receipt and Not Liable to Tax INTRODUCTION: The Income Tax Appellate Tribunal, Mumbai in its decision in Ajay...
ITAT: Disallowance under Section 14A of Income Tax Not Applicable Where No Exempt Income is Received/Receivable During Relevant Previous Year The Income Tax Appellate Tribunal (ITAT), by its...
