The Income Tax Appellate Tribunal, Bengaluru, last week held that if a partner is receiving interest upon the capital contributions made by him to the partner firm, then it is not liable to be taxed

The Income Tax Appellate Tribunal (ITAT), Bengaluru bench has held that the depreciation under Section 32 of the Income Tax Act, 1961 is allowable on the customer relationship rights since the same would amount to

The Bengaluru bench of the Income Tax Appellate Tribunal ( ITAT ) recently held that the Sale of Carbon Credits would not attract Income Tax as the same constitute a capital receipt under the Income

In a major setback to Network giant Google India, the Income Tax Appellate Tribunal, Bengaluru has refused grant stay to the Company after losing a six year old tax avoidance case last month. Last month,

While dismissing the appeal of the assessee, the Income Tax Appellate Tribunal recently declared that Section 14A cannot be invoked when there is no Exempt Income. This appeal is preferred by the assessee against the

Finally, the Income Tax Appellate Tribunal, Bangalore granted a conditional stay to the network giants, Google, asking them to deposit Rs. 179 crores. Last month, the Karnataka High Court, while refusing to grant complete stay

In a significant ruling delivered on Friday, a division bench of the ITAT Bengaluru held that the benefit of section 54F of the Income Tax Act, 1961 can be extended to the cost incurred by

The Income Tax Appellate Tribunal (ITAT), Bangalore Bench quashed the proceedings initiated under section 201 against Cafe Coffee Day as it was barred by limitation. The question raised was whether the order passed under section

The Bengaluru Bench of the Income Tax Appellate Tribunal (ITAT), restored matter on disallowance of contribution towards gratuity funds, thereby granting relief to M/s. Astra Zeneca Pharma India Ltd, the assessee. The assessee incurred Rs.4

The Bengaluru bench of the Income Tax Appellate Tribunal ( ITAT ) last day held that the rent-free accommodation provided to the employees of National Diary Research Institute, as it is a society and therefore,

The Bengaluru Bench of the Income Tax Appellate Tribunal (ITAT), Bengaluru consisting of George George K and Jason P. Boaz has clarified the actions of the revenue in regarding treating of Loans/advances for sale as

The Bengaluru ITAT, on Wednesday, confirmed the disallowance of interest expenses claimed on advances received under sub-Lease agreement since there was a defect in the title of the assessee on the subject property. The division

The Karnataka High Court has ruled that, Fair market value of bonus shares computed as per Rule 11U and Rule 11UA of the Income Tax Rules cannot be considered as income from other sources as

A division bench of the Bengaluru ITAT, on Tuesday held that the distribution fee paid by Google India to Google Ireland for use of its ‘Adwords programme’ is taxable in India as ‘royalty’ under the

A division bench of the Bengaluru ITAT in The Karur Vysya Bank Ltd v. ACIT, held that the assesse-Bank cannot be treated as assesse-in-default for a mere reason that it had not submitted Form 15G/15H