Aparna. M
![Builder Eligible for Income Tax Deduction u/s 37 in respect Compensation to Flat Buyers on Cancellation of Booking: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Builder-Income-Tax-Deduction-Compensation-Flat-Buyers-Cancellation-of-Booking-Income-Tax-Flat-Buyers-on-Cancellation-of-Booking-ITAT-taxscan.jpg "Builder Eligible for Income Tax Deduction u/s 37 in respect Compensation to Flat Buyers on Cancellation of Booking: ITAT [Read Order]")
Builder Eligible for Income Tax Deduction u/s 37 in respect Compensation to Flat Buyers on Cancellation of Booking: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) Pune Bench recently held that builders are eligible for income tax deduction under section 37 of income tax...
![Income Tax Notice Served on Wife of Assessee is Valid: ITAT Penalty Proceedings [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Income-Tax-Notice-Wife-of-Assessee-ITAT-Penalty-Proceedings-taxscan.jpg "Income Tax Notice Served on Wife of Assessee is Valid: ITAT Penalty Proceedings [Read Order]")
![Taxpayer not to be deprived of SLVDRS-1 Scheme Benefits for pending change of Accounting Code by authorities: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Taxpayer-SLVDRS-1-Scheme-Accounting-Code-authorities-Bombay-Highcourt-taxscan.jpg "Taxpayer not to be deprived of SLVDRS-1 Scheme Benefits for pending change of Accounting Code by authorities: Bombay HC [Read Order]")
![Addition u/s 153C cannot be made based on Documents found during Survey: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Addition-Documents-Survey-ITAT-income-tax-taxscan-.jpg "Addition u/s 153C cannot be made based on Documents found during Survey: ITAT [Read Order]")
![4% VAT Applicable to Supply of Pat Pre-Form of Plastic Bottles to Dealers: Allahabad HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/VAT-Plastic-Bottles-to-Dealers-Allahabad-Highcourt-Pat-Pre-Form-of-Plastic-Bottles-Plastic-Bottles-taxscan.jpg "4% VAT Applicable to Supply of Pat Pre-Form of Plastic Bottles to Dealers: Allahabad HC [Read Order]")
TDS Credit cannot be Denied to Developer following Percentage Completion Method If Buyer Deducted Tax at the Time of Execution of Sale Deed: ITAT [Read Order]
The Ahmedabad bench of Income Tax Appellate Tribunal recently held Tax Deduction at Source could not be denied to developer following percentage completion method if buyer deducted Tax at the time of...
![TDS Credit cannot be Denied to Developer following Percentage Completion Method If Buyer Deducted Tax at the Time of Execution of Sale Deed: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/TDS-Credit-TDS-Developer-Buyer-Execution-of-Sale-Deed-Sale-Deed-Percentage-Completion-Method-Income-Tax-ITAT-taxscan.jpg "TDS Credit cannot be Denied to Developer following Percentage Completion Method If Buyer Deducted Tax at the Time of Execution of Sale Deed: ITAT [Read Order]")
Incentive under Rajasthan Investment Promotion Scheme 2010 is Capital Receipt, Not Taxable: ITAT [Read Order]
The Pune bench of Income Tax Appellate Tribunal (ITAT) recently held that Incentive under Rajasthan investment promotion scheme 2010 is capital receipt therefore it was not taxable. The aforesaid...
![Incentive under Rajasthan Investment Promotion Scheme 2010 is Capital Receipt, Not Taxable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Incentive-Rajasthan-Investment-Promotion-Scheme-2010-Capital-Receipt-ITAT-Income-Tax-Investment-Promotion-Scheme-Rajasthan-Investment-Promotion-Scheme-taxscan-.jpg "Incentive under Rajasthan Investment Promotion Scheme 2010 is Capital Receipt, Not Taxable: ITAT [Read Order]")
Payments made by ONGC towards Air Injection Equipment to Non-Residents Not FTS as per India-Canada DTAA: ITAT [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal(ITAT) has held that the payment made by ONGC towards air injection equipment to non-residents could not be considered as FTS as per India- Canada...
![Payments made by ONGC towards Air Injection Equipment to Non-Residents Not FTS as per India-Canada DTAA: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/ONGC-Payments-Air-Injection-Air-Injection-Equipment-FTS-India-Canada-DTAA-DTAA-ITAT-Income-Tax-taxscan.jpg "Payments made by ONGC towards Air Injection Equipment to Non-Residents Not FTS as per India-Canada DTAA: ITAT [Read Order]")
Levy of 100% of Tax sought to be Evaded u/s 271AAA of Income Tax Act is Not “Typographical Error”: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) recently held that levy of 100% of tax sought to be evaded under section 271AAA of Income Tax Act is not typographical error. Section 271AAA Income Tax Act...
![Levy of 100% of Tax sought to be Evaded u/s 271AAA of Income Tax Act is Not “Typographical Error”: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Tax-Income-Tax-Act-Income-Tax-Typographical-Error-ITAT-taxscan-.jpg "Levy of 100% of Tax sought to be Evaded u/s 271AAA of Income Tax Act is Not “Typographical Error”: ITAT [Read Order]")
![Warehousing Charges Taxable as “Business Income”: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Warehousing-Charges-Taxable-as-Business-Income-ITAT-Taxscan.jpg "Warehousing Charges Taxable as “Business Income”: ITAT [Read Order]")
Income Tax Benefit u/s 80HHC in respect of Advance Import License as Covered u/s 28(iiib): ITAT [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal (ITAT) held that Income Tax benefit under section 80HHC Income Tax Act 1961 in respect of advance import license as covered under section 28(iiib) of...
![Income Tax Benefit u/s 80HHC in respect of Advance Import License as Covered u/s 28(iiib): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Income-Tax-Benefit-Advance-Import-License-Import-License-ITAT-Income-Tax-taxscan.jpg "Income Tax Benefit u/s 80HHC in respect of Advance Import License as Covered u/s 28(iiib): ITAT [Read Order]")