Aiswarya Krishnadas
No Violation found by SEBI on Broker or Taxpayer w.r.t alleged CCM Transactions: ITAT directs AO to Delete Addition of Rs. 4.38 lakhs [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) has directed the Assessing Officer ( AO ) to delete the addition of Rs. 4.38 lakhs, as...
![Profit derived from Services Rendered as Public Utility Service is Very Meager: ITAT directs AO to allows Exemption u/s 11 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/ITAT-Kolkata-tax-update-Income-Tax-Act-tax-news-Taxscan.jpg "Profit derived from Services Rendered as Public Utility Service is Very Meager: ITAT directs AO to allows Exemption u/s 11 of Income Tax Act [Read Order]")
![No Corroborative Evidence to Prove that Taxpayer made any Payment of Rs. 5 crore: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/ITAT-Income-tax-Income-tax-news-Tax-news-Corroborative-Evidence-taxscan.jpg "No Corroborative Evidence to Prove that Taxpayer made any Payment of Rs. 5 crore: ITAT deletes Addition [Read Order]")
![Notice issued u/s 148 of Income Tax Act Wholly without Jurisdiction and Bad in law: ITAT quashes Reopening of Assessment [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/ITAT-mumbai-Income-Tax-Act-Section-148-of-the-Income-Tax-Act-taxscan.jpg "Notice issued u/s 148 of Income Tax Act Wholly without Jurisdiction and Bad in law: ITAT quashes Reopening of Assessment [Read Order]")
![Non-Residents Salary/Allowance for Services Rendered Abroad not Taxable in India: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Non-Residents-Salary-ITAT-updates-tax-in-india-Tax-updates-taxscan.jpg "Non-Residents Salary/Allowance for Services Rendered Abroad not Taxable in India: ITAT [Read Order]")
Powers u/s 127 of Income Tax can be invoked for Public Interest, Administrative Convenience and Meaningful Assessment: Delhi HC [Read Order]
The Delhi High Court clarified that powers under Section 127 of the Income Tax Act, 1961, can be invoked for public interest, administrative convenience, and meaningful assessment. The present...
![Powers u/s 127 of Income Tax can be invoked for Public Interest, Administrative Convenience and Meaningful Assessment: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Powers-Income-Tax-invoked-Public-Interest-Administrative-Convenience-Meaningful-Assessment-Delhi-HC-taxscan.jpg "Powers u/s 127 of Income Tax can be invoked for Public Interest, Administrative Convenience and Meaningful Assessment: Delhi HC [Read Order]")
Shell Information Technology’s Income Tax Refund Interest Classified as Taxable Income under India-Netherlands DTAA: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) has granted relief to Shell Information Technology, specifying that interest on income tax refund would be categorized as taxable...
![Shell Information Technology’s Income Tax Refund Interest Classified as Taxable Income under India-Netherlands DTAA: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Shell-Technology-Income-Tax-Refund-Interest-Taxable-Income-India-Netherlands-DTAA-ITAT-taxscan.jpg "Shell Information Technology’s Income Tax Refund Interest Classified as Taxable Income under India-Netherlands DTAA: ITAT [Read Order]")
Taxpayer Operating Money Transfer Business through M-Pesa and Other Mobile Wallets Evident From Bank Statement: ITAT Directs Re-Adjudication [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal ( ITAT ) has ordered a reconsideration, noting substantial evidence indicating that a taxpayer engaged in a money transfer business utilizing...
![Taxpayer Operating Money Transfer Business through M-Pesa and Other Mobile Wallets Evident From Bank Statement: ITAT Directs Re-Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Taxpayer-Operating-Money-Transfer-Business-M-Pesa-Mobile-Wallets-Evident-Bank-Statement-ITAT-Re-Adjudication-taxscan.jpg "Taxpayer Operating Money Transfer Business through M-Pesa and Other Mobile Wallets Evident From Bank Statement: ITAT Directs Re-Adjudication [Read Order]")
AO failure to Re-computing Book Profit u/s 115 JB of Income Tax Act: ITAT directs AO to deletes addition of Rs. 4.71 crore [Read Order]
The Income Tax Appellate Tribunal ( ITAT ) has directed the Assessing Officer ( AO ) to delete the addition of Rs. 4.71 crore after observing the AO's failure to recompute book profit under Section...
![AO failure to Re-computing Book Profit u/s 115 JB of Income Tax Act: ITAT directs AO to deletes addition of Rs. 4.71 crore [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Income-tax-ITAT-Income-tax-act-Tax-news-Taxscan.jpg "AO failure to Re-computing Book Profit u/s 115 JB of Income Tax Act: ITAT directs AO to deletes addition of Rs. 4.71 crore [Read Order]")
Relief to Shell Information Technology: ITAT rules Payment for IT Support Services not considered as FTS under Article 12 of India - Netherlands DTAA
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) has granted relief to Shell Information Technology, ruling that payments for IT support services were not considered fees for technical...
Alleges GST Registration Cancellation Application Contains Incorrect Date: Delhi HC directs Expeditious Disposal of Application with 4 weeks [Read Order]
The Delhi High Court directed the expeditious disposal of application alleging that the Goods and Service Tax ( GST ) registration cancellation application within a timeframe of 4 weeks. The GST...
![Alleges GST Registration Cancellation Application Contains Incorrect Date: Delhi HC directs Expeditious Disposal of Application with 4 weeks [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/GST-GST-Registration-GST-Registration-Cancellation-Tax-news-Taxscan.jpg "Alleges GST Registration Cancellation Application Contains Incorrect Date: Delhi HC directs Expeditious Disposal of Application with 4 weeks [Read Order]")
GST Registration Cancelled due to Non-Response to SCN: Delhi HC directs Cancellation w.e.f. SCN Issuance Date [Read Order]
The Delhi High Court directed the Goods and Service Tax ( GST ) registration cancellation effective from the date of issuance of Show Cause Notice ( SCN ) due to failure to submit a reply. The...
![GST Registration Cancelled due to Non-Response to SCN: Delhi HC directs Cancellation w.e.f. SCN Issuance Date [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Goods-and-Service-Tax-Show-Cause-Notice-SCN-tax-news-GST-Registration-taxscan.jpg "GST Registration Cancelled due to Non-Response to SCN: Delhi HC directs Cancellation w.e.f. SCN Issuance Date [Read Order]")