Aparna. M
![No TDSÂ to be Deducted on Payments made to HUDA for EDC: ITAT upholds Decision [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/TDS-Payments-HUDA-EDC-ITAT-taxscan.jpg "No TDSÂ to be Deducted on Payments made to HUDA for EDC: ITAT upholds Decision [Read Order]")
No TDSÂ to be Deducted on Payments made to HUDA for EDC: ITAT upholds Decision [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has recently while upholding the decision of lower authority held that no Tax Deduction...
![No Penalty shall be Levied u/S 271B if there is Reasonable Cause for Not Getting the Account Audited: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Penalty-Reasonable-Cause-Account-ITAT-Taxscan.jpg "No Penalty shall be Levied u/S 271B if there is Reasonable Cause for Not Getting the Account Audited: ITAT [Read Order]")
![Levy of Penalty of 100% of the Tax Sought to be evaded will Meet the Ends of Justice: ITAT sets aside order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Levy-of-Penalty-Tax-Sought-Income-Tax-Penalty-ITAT-taxscan.jpg "Levy of Penalty of 100% of the Tax Sought to be evaded will Meet the Ends of Justice: ITAT sets aside order [Read Order]")
Capital Gain Exemptions u/s 54F are Beneficial Provisions, To be Interpreted Liberally: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has recently held that Capital gain exemptions under Section 54F of the Income Tax Act, 1961 are beneficial provisions, therefore it should...
![Capital Gain Exemptions u/s 54F are Beneficial Provisions, To be Interpreted Liberally: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Capital-Gain-Exemptions-Capital-Gain-Beneficial-Provisions-Interpreted-Liberally-ITAT-Liberally-income-tax-taxscan.jpg "Capital Gain Exemptions u/s 54F are Beneficial Provisions, To be Interpreted Liberally: ITAT [Read Order]")
Section 75(4) U.P. GST Act is Mandatory, Even if no Demand in Writing for Hearing is made out: Allahabad HC Quashes Order [Read Order]
In a significant case, the Allahabad High Court held that section 75(4) of Uttar Pradesh Goods and Service Tax Act is mandatory even if no demand in writing for hearing is made out. Therfore, the...
![Section 75(4) U.P. GST Act is Mandatory, Even if no Demand in Writing for Hearing is made out: Allahabad HC Quashes Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Section-754-UP-GST-Act-Demand-Writing-Allahabad-HC-Order-TAXSCAN.jpg "Section 75(4) U.P. GST Act is Mandatory, Even if no Demand in Writing for Hearing is made out: Allahabad HC Quashes Order [Read Order]")
CUP is the Most Appropriate Method for International Transactions for Computation of PLI: ITAT grants Relief to Lenovo India [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) has recently while granting relief to Lenovo India held that Comparable Uncontrolled Price (CUP) is the most appropriate method...
![CUP is the Most Appropriate Method for International Transactions for Computation of PLI: ITAT grants Relief to Lenovo India [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/CUP-International-Transactions-Appropriate-Method-PLI-ITAT-Lenovo-India-Taxscan.jpg "CUP is the Most Appropriate Method for International Transactions for Computation of PLI: ITAT grants Relief to Lenovo India [Read Order]")
Deduction on Sale Commission not Allowable if Genuineness of Expenditure cannot be Ascertained: ITATÂ [Read Order]
The Ahmedabad Income Tax Appellate Tribunal ( ITAT ) has recently held that deduction on sale commission is not allowable if genuine expenditure cannot be ascertained. Assessee Mangalya Ceramics...
![Deduction on Sale Commission not Allowable if Genuineness of Expenditure cannot be Ascertained: ITATÂ [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Deduction-Sale-Commission-Allowable-Genuineness-Expenditure-ITAT-Taxscan.jpg "Deduction on Sale Commission not Allowable if Genuineness of Expenditure cannot be Ascertained: ITATÂ [Read Order]")
Exemption u/s 11 can be availed only when Return of Income is filed in Manner Prescribed u/s 139(4A) of the Income Tax Act: ITAT
The Pune bench of Income Tax Appellate Tribunal (ITAT) has recently held that exemption under Section 11 of Income Tax Act, 1961 can be availed only when the return of income filed in the manner...
