Aparna. M
![Non-Compliance behavior of assessee before Lower Authorities during Appellate Proceedings: ITAT directs to deposit  cost of Rs 25,000/- In PM relief Fund [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Non-Compliance-behavior-Lower-Authorities-Appellate-Proceedings-ITAT-PM-relief-Fund-taxscan.jpg "Non-Compliance behavior of assessee before Lower Authorities during Appellate Proceedings: ITAT directs to deposit  cost of Rs 25,000/- In PM relief Fund [Read Order]")
Non-Compliance behavior of assessee before Lower Authorities during Appellate Proceedings: ITAT directs to deposit  cost of Rs 25,000/- In PM relief Fund [Read Order]
The Income Tax Appellate Tribunal (ITAT) Mumbai bench directed to deposit cost of Rs 25,000/- in Prime Minister Relief Fund (PMRF) due to...
![Rate of tax applicable to Domestic Banking Companies are not Same as Foreign Banking Company: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Rate-of-tax-applicable-to-Domestic-Banking-companies-Foreign-Banking-Company-ITAT-TAXSCAN.jpg "Rate of tax applicable to Domestic Banking Companies are not Same as Foreign Banking Company: ITAT [Read Order]")
![Taxability of Data Processing Fees paid by assessee to its overseas branch cannot treated as FTS as per India-France DTAA: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Taxability-of-Data-Processing-Fees-assessee-to-its-overseas-branch-treated-as-FTS-as-per-India-France-DTAA-ITAT-TAXSCAN.jpg "Taxability of Data Processing Fees paid by assessee to its overseas branch cannot treated as FTS as per India-France DTAA: ITAT [Read Order]")
![Relief to Hindustan Unilever: ITAT deletes disallowance made towards foreign travel expenses of spouses of employees of company who accompanied business tour [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Relief-to-Hindustan-Unilever-ITAT-deletes-disallowance-expenses-of-spouses-of-employees-of-company-business-tour-employees-of-company-taxscan-1.jpg "Relief to Hindustan Unilever: ITAT deletes disallowance made towards foreign travel expenses of spouses of employees of company who accompanied business tour [Read Order]")
![Capital gain exemption u/s 54F shall be available if assessee purchased Property outside India prior to amendment in Finance Act, 2014: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Capital-gain-exemption-Capital-gain-assessee-purchased-Property-outside-India-purchased-Property-outside-India-amendment-in-Finance-Act-ITAT-taxscan.jpg "Capital gain exemption u/s 54F shall be available if assessee purchased Property outside India prior to amendment in Finance Act, 2014: ITAT [Read Order]")
ITAT deletes Addition made u/s 69B of Income Tax Act towards Inflated Cost of Crane in Agreement merely to avail higher Banking Loan facility for financing of Crane [Read Order]
The Income Tax Appellate Tribunal (ITAT) Mumbai bench deleted addition made under Section 69B of the Income Tax Act, 1961 towards inflated cost of crane in agreement merely to avail higher banking...
![ITAT deletes Addition made u/s 69B of Income Tax Act towards Inflated Cost of Crane in Agreement merely to avail higher Banking Loan facility for financing of Crane [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/ITAT-deletes-Addition-ITAT-Income-Tax-Act-Crane-Crane-in-Agreement-Banking-Loan-financing-of-Crane-taxscan-.jpg "ITAT deletes Addition made u/s 69B of Income Tax Act towards Inflated Cost of Crane in Agreement merely to avail higher Banking Loan facility for financing of Crane [Read Order]")
Delayed remittance of employees’ contribution due to mis-utilization of funds: ITAT upholds disallowance [Read Order]
The Income Tax Appellate Tribunal (ITAT) Mumbai bench upheld the disallowance made by the lower authority towards the delayed remittance of employees contribution by reason of mis-utilization of...
![Delayed remittance of employees’ contribution due to mis-utilization of funds: ITAT upholds disallowance [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Delayed-remittance-of-employees-contribution-delayed-remittance-employees-contribution-mis-utilization-of-funds-ITAT-upholds-disallowance-ITAT-taxscan.jpg "Delayed remittance of employees’ contribution due to mis-utilization of funds: ITAT upholds disallowance [Read Order]")
Transfer Pricing Adjustment shall not be made on account of Intra-Group Services available from AE for Manufacturing & Trading Services, if proven with Documentary Evidences: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) Mumbai bench held that transfer pricing adjustment should not be made on account of Intra -Group Services available from Associate Enterprise (AE)...
![Transfer Pricing Adjustment shall not be made on account of Intra-Group Services available from AE for Manufacturing & Trading Services, if proven with Documentary Evidences: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Transfer-Pricing-Adjustment-Transfer-Pricing-Adjustment-Transfer-Pricing-Adjustment-shall-not-be-made-on-account-of-Intra-Group-Services-Intra-Group-Services-AE-taxscan.jpg "Transfer Pricing Adjustment shall not be made on account of Intra-Group Services available from AE for Manufacturing & Trading Services, if proven with Documentary Evidences: ITAT [Read Order]")
Fee paid to holding company for advisory service during course of business is allowable as deduction u/s 37 of Income Tax Act: ITAT upholds DRP decision [Read Order]
The Income Tax Appellate Tribunal (ITAT) Mumbai bench held that fees paid to the holding company for advisory services during the course of business is allowed as the deduction under Section 37 of...
![Fee paid to holding company for advisory service during course of business is allowable as deduction u/s 37 of Income Tax Act: ITAT upholds DRP decision [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Fee-paid-to-holding-company-dvisory-service-during-course-of-business-deduction-Income-Tax-Act-ITAT-upholds-DRP-decision-taxscan.jpg "Fee paid to holding company for advisory service during course of business is allowable as deduction u/s 37 of Income Tax Act: ITAT upholds DRP decision [Read Order]")
No Penalty u/s 271(1)(c) Income Tax Act shall levied if Bonafide Assessee revised and added Interest Income: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) Delhi bench held that the penalty under Section 271(1)(c) of the Income Tax Act should not be levied if the assessee bonafide revised and added the interest...
![No Penalty u/s 271(1)(c) Income Tax Act shall levied if Bonafide Assessee revised and added Interest Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/No-Penalty-Income-Tax-Act-levied-bonafide-assessee-Interest-Income-ITAT-TAXSCAN.jpg "No Penalty u/s 271(1)(c) Income Tax Act shall levied if Bonafide Assessee revised and added Interest Income: ITAT [Read Order]")
Guarantee fee paid to holding company for loan advanced by assessee company to third party is business expediency: ITAT allows deduction u/s 37 of Income Tax Act [Read Order]
The Income Tax Appellate Tribunal (ITAT) Mumbai bench held that guarantee fees paid to the holding company for loan advanced by assessee company to third party is business expediency. Therefore the...
![Guarantee fee paid to holding company for loan advanced by assessee company to third party is business expediency: ITAT allows deduction u/s 37 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Guarantee-fee-paid-holding-company-for-loan-advanced-by-assessee-company-business-expediency-ITAT-deduction-Income-Tax-Act-taxscan.jpg "Guarantee fee paid to holding company for loan advanced by assessee company to third party is business expediency: ITAT allows deduction u/s 37 of Income Tax Act [Read Order]")
Treatment of interest income/miscellaneous receipts earned from employees of Gujarat State Electricity Corporation through advancing loan and facilities: ITAT directs Re-adjudication [Read Order]
The Income Tax Appellate Tribunal (ITAT) Ahmedabad  bench directed re-adjudication in respect of treatment of interest income /miscellaneous receipts earned from employees of Gujarat Electricity...
![Treatment of interest income/miscellaneous receipts earned from employees of Gujarat State Electricity Corporation through advancing loan and facilities: ITAT directs Re-adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/TREATM1.jpg "Treatment of interest income/miscellaneous receipts earned from employees of Gujarat State Electricity Corporation through advancing loan and facilities: ITAT directs Re-adjudication [Read Order]")