Aparna. M
![Stubbed Diamond Jewellery found during Search Proceedings need not to declared in Wealth Tax Return: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Stubbed-Diamond-Jewellery-Search-Proceedings-Tax-Return-ITAT-Addition-taxscan.jpg "Stubbed Diamond Jewellery found during Search Proceedings need not to declared in Wealth Tax Return: ITAT deletes Addition [Read Order]")
Stubbed Diamond Jewellery found during Search Proceedings need not to declared in Wealth Tax Return: ITAT deletes Addition [Read Order]
The two member bench of Delhi Income Tax Appellate Tribunal (ITAT) ruled that stubbed diamond jewelry found during the search proceedings should...
![No Liability arises as Revenue failed to issue Demand Notice with respect to Interest component of FBT: ITAT grants relief to Sony India [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Delhi-Income-Tax-Sony-India-tax-case-Fringe-Benefit-Tax-Sony-India-taxscan.jpg "No Liability arises as Revenue failed to issue Demand Notice with respect to Interest component of FBT: ITAT grants relief to Sony India [Read Order]")
![Share Capital from Directors and Shareholders of Company duly discharged with Evidence: ITAT deletes addition u/s 68 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Share-Capital-Directors-Shareholders-Directors-and-Shareholders-of-Company-ITAT-taxscan.jpg "Share Capital from Directors and Shareholders of Company duly discharged with Evidence: ITAT deletes addition u/s 68 of Income Tax Act [Read Order]")
![HSN classification of Electrical lighting: Madras HC directs Assessee to Reply to GST DRC-01[Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Madras-High-Court-GST-HSN-HSN-classification-taxscan.jpg "HSN classification of Electrical lighting: Madras HC directs Assessee to Reply to GST DRC-01[Read Order]")
Successor Company can claim deduction u/s.80IA(4) of Income Tax Act as per recognition of Industrial Park Scheme: ITAT [Read Order]
The Chennai bench of Income Tax Appellate Tribunal ( ITAT ) recently held that Successor companies could claim deduction under Section 80IA(4) of Income Tax Act, 1961 as per the recognition...
![Successor Company can claim deduction u/s.80IA(4) of Income Tax Act as per recognition of Industrial Park Scheme: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Chennai-Income-Tax-Deduction-TAXSCAN-1.jpg "Successor Company can claim deduction u/s.80IA(4) of Income Tax Act as per recognition of Industrial Park Scheme: ITAT [Read Order]")
ITAT deletes Additions made on account of Salary Payment in Cash without having any Documents [Read Order]
The Delhi bench of Income Tax Appellate Tribunal ( ITAT ) deleted the addition made on account of salary in cash without having any documents The assessee Vaibhav Jain one of the directors of...
![ITAT deletes Additions made on account of Salary Payment in Cash without having any Documents [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Delhi-Income-Tax-Salary-payment-in-cash-legality-Documented-salary-payments-taxscan.jpg "ITAT deletes Additions made on account of Salary Payment in Cash without having any Documents [Read Order]")
Absence of DIN while granting Statutory Approval u/s 153D Income Tax Act: ITAT allows Assesee appeal [Read Order]
The Delhi bench of Income Tax Appellate Tribunal ( ITAT ) while allowing the appeal filed by the assessee Bawa Float Glass Ltd held that absence of Document identification Number ( DIN ) while...
![Absence of DIN while granting Statutory Approval u/s 153D Income Tax Act: ITAT allows Assesee appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Income-Tax-ITAT-ITAT-Delhi-Document-identification-Number-Tax-news-taxscan.jpg "Absence of DIN while granting Statutory Approval u/s 153D Income Tax Act: ITAT allows Assesee appeal [Read Order]")
Receipts from Sale/Distribution of Software to Indian Associate Enterprise are not taxable under Article 12(3) of India-Singapore DTAA: ITAT [Read Order]
The Delhi bench of Income Tax Appellate Tribunal ( ITAT ) ruled that receipts from sale/distribution of software to Indian Associate Enterprise ( AE ) are not taxable under the Article 12(3) of...
![Receipts from Sale/Distribution of Software to Indian Associate Enterprise are not taxable under Article 12(3) of India-Singapore DTAA: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Delhi-Income-Tax-Distribution-of-Software-Indian-Associate-Enterprise-TAXSCAN.jpg "Receipts from Sale/Distribution of Software to Indian Associate Enterprise are not taxable under Article 12(3) of India-Singapore DTAA: ITAT [Read Order]")
Marketing Services Rendered by US Entity in India not Taxable in India as FTS: ITAT deletes Addition [Read Order]
The Bangalore bench of Income Tax Appellate Tribunal (ITAT) recently held that marketing service rendered by the US entity in India is not taxable in India aa Fee for Technical Service (FTS)....
![Marketing Services Rendered by US Entity in India not Taxable in India as FTS: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Marketing-Services-US-entity-in-India-taxable-in-India-as-FTS-ITAT-deletes-addition-TAXSCAN.jpg "Marketing Services Rendered by US Entity in India not Taxable in India as FTS: ITAT deletes Addition [Read Order]")
Income from providing Credit Facilities to nominal members of Co-Operative Society are eligible for exemption u/s 80P(2)(a)(i) Income Tax Act: ITAT [Read Order]
The Bangalore bench of Income Tax Appellate Tribunal ( ITAT ) ruled that income from providing credit facilities to nominal members of cooperative society are eligible for exemption under Section...
![Income from providing Credit Facilities to nominal members of Co-Operative Society are eligible for exemption u/s 80P(2)(a)(i) Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-Income-Tax-ITAT-Bangalore-Tax-exemption-cooperative-society-taxscan.jpg "Income from providing Credit Facilities to nominal members of Co-Operative Society are eligible for exemption u/s 80P(2)(a)(i) Income Tax Act: ITAT [Read Order]")