Aiswarya Krishnadas
![Section 155(14) of Income Tax Act cannot limit TDS Credit if Income disclosed in ITR: ITAT allows Full Credit as per Form 26AS [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Chennai-Income-tax-TDS-Tax-Deduction-at-Source-ITR-Form-26AS-taxscan.jpg "Section 155(14) of Income Tax Act cannot limit TDS Credit if Income disclosed in ITR: ITAT allows Full Credit as per Form 26AS [Read Order]")
Section 155(14) of Income Tax Act cannot limit TDS Credit if Income disclosed in ITR: ITAT allows Full Credit as per Form 26AS [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal ( ITAT ) has ruled that the Section 155(14) of the Income Tax Act, 1961 cannot restrict the...
![Sale of Software Products does not Constitute Royalty Income, Not taxable under Article 12 of India- Japan DTAA: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Delhi-Income-Tax-Sale-of-Software-Products-TAXSCAN.jpg "Sale of Software Products does not Constitute Royalty Income, Not taxable under Article 12 of India- Japan DTAA: ITAT [Read Order]")
![Installment Payments for Immovable property Purchase via cheque on different dates: ITAT deletes Addition u/s 56(2)(x) [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Kolkata-Income-Tax-Immovable-property-Cheque-Based-Property-taxscan.jpg "Installment Payments for Immovable property Purchase via cheque on different dates: ITAT deletes Addition u/s 56(2)(x) [Read Order]")
![ITAT allows Depreciation claim u/s 80IC for Building, Factory, Furniture and Plant Machinery Blocks [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Delhi-Income-tax-Income-tax-news-Depreciation-claim-taxscan.jpg "ITAT allows Depreciation claim u/s 80IC for Building, Factory, Furniture and Plant Machinery Blocks [Read Order]")
AO's Power is limited to Overlook Fairness of Share Valuation Report, not to change Valuation Method Adopted: ITAT [Read Order]
In a recent ruling the Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) ruled that the Assessing Officer’s power is limited to overlook fairness and reasonableness of share valuation report,...
Taxpayer produced books of accounts, Vouchers, Payment required for TDS Deduction: ITAT deletes Penalty u/s 270 A (9)(a) [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal ( ITAT ) deleted the penalty under Section 270A(9)(a) of the Income Tax Act, 1961 as the taxpayer provided books of accounts, vouchers, and...
![Taxpayer produced books of accounts, Vouchers, Payment required for TDS Deduction: ITAT deletes Penalty u/s 270 A (9)(a) [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Bangalore-Income-tax-Income-tax-news-books-of-accounts-TDS-TDS-deduction-taxscan.jpg "Taxpayer produced books of accounts, Vouchers, Payment required for TDS Deduction: ITAT deletes Penalty u/s 270 A (9)(a) [Read Order]")
Depreciation Income not claimed as Corresponding Deferred Grant Income was included as Receipts u/s 11: ITAT directs Re adjudication [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal ( ITAT ) directed re-adjudication as depreciation income was not claimed, given that corresponding deferred grant income was included as...
![Depreciation Income not claimed as Corresponding Deferred Grant Income was included as Receipts u/s 11: ITAT directs Re adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Depreciation-Income-Claimed-Corresponding-Deferred-Grant-Income-Receipts-ITAT-Re-adjudication-taxscan.jpg "Depreciation Income not claimed as Corresponding Deferred Grant Income was included as Receipts u/s 11: ITAT directs Re adjudication [Read Order]")
Holding-Subsidiary Transaction Excludes S. 56(2) (viib) Taxation in Absence of any Benefit Occurring to any Outsider: ITAT deletes Addition [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has deleted the addition made, as the holding-subsidiary transaction does not attract taxation under Section 56(2)(viib) of the Income Tax...
![Holding-Subsidiary Transaction Excludes S. 56(2) (viib) Taxation in Absence of any Benefit Occurring to any Outsider: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Holding-Subsidiary-Transaction-Taxation-ITAT-deletes-Addition-ITAT-taxscan.jpg "Holding-Subsidiary Transaction Excludes S. 56(2) (viib) Taxation in Absence of any Benefit Occurring to any Outsider: ITAT deletes Addition [Read Order]")
No liability to Deduct TDS on Payment made to Wholly-Owned Subsidiary Company in respect of Sales commission u/s 40 (a)(i): ITAT deletes addition [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal ( ITAT ) has struck down the additional tax demand, concluding that no Tax Deducted at Source ( TDS ) liability exists on payments to Manthan...
![No liability to Deduct TDS on Payment made to Wholly-Owned Subsidiary Company in respect of Sales commission u/s 40 (a)(i): ITAT deletes addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-Bangalore-ITAT-Income-Tax-TDS-Tax-Deducted-At-Source-ITAT-TDS-liability-ruling-Taxscan.jpg "No liability to Deduct TDS on Payment made to Wholly-Owned Subsidiary Company in respect of Sales commission u/s 40 (a)(i): ITAT deletes addition [Read Order]")
Shareholding Prerequisite for Deemed Dividend status for making Addition u/s 2(22) (e) of Income Tax Act: ITAT deletes Addition [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal ( ITAT ) has deleted an addition made under Section 2(22)(e) of the Income Tax Act, 1961 ruling that shareholding prerequisite is essential to...
![Shareholding Prerequisite for Deemed Dividend status for making Addition u/s 2(22) (e) of Income Tax Act: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Chennai-Income-tax-Income-tax-news-Deemed-Dividend-TAXSCAN.jpg "Shareholding Prerequisite for Deemed Dividend status for making Addition u/s 2(22) (e) of Income Tax Act: ITAT deletes Addition [Read Order]")