Fathima Karama A.M
![Service Charges part of Rental Income, Includable while Allowing Standard Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Service-Charges-Rental-Income-Standard-Deduction-Deduction-ITAT-Income-Tax-Tax-Taxscan.jpg "Service Charges part of Rental Income, Includable while Allowing Standard Deduction: ITAT [Read Order]")
Service Charges part of Rental Income, Includable while Allowing Standard Deduction: ITAT [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has held that the service charges are part of rental income and are includable while...
![MoHUA not exempted from GST on sale of commercial built-uparea: AAAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/MoHUA-GST-built-uparea-AAAR-TAXSCAN.jpg "MoHUA not exempted from GST on sale of commercial built-uparea: AAAR [Read Order]")
![Expenditure towards Wage Settlement Deductible in the Year of Actual Payment: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Expenditure-Wage-Settlement-Wage-Settlement-Deductible-Actual-Payment-ITAT-Income-Tax-taxscan.jpg "Expenditure towards Wage Settlement Deductible in the Year of Actual Payment: ITAT [Read Order]")
![S. 50C Not Applicable on Transfer of Property held as “Stock-in-Trade”: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Transfer-of-Property-Property-Stock-in-Trade-Stock-Trade-ITAT-Taxscan.jpg "S. 50C Not Applicable on Transfer of Property held as “Stock-in-Trade”: ITAT [Read Order]")
![Inappropriate Words Not Deleted in Penalty Notice: ITAT quashes Penalty u/s 271(1)(c) [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Inappropriate-Words-Deleted-Penalty-Notice-ITAT-TAXSCAN.jpg "Inappropriate Words Not Deleted in Penalty Notice: ITAT quashes Penalty u/s 271(1)(c) [Read Order]")
Profit Margin Forgone by Flipkart India while Selling Goods cannot be treated as “Expenditure in Creating Intangible or Goodwill”: ITAT [Read Order]
The Bangalore Bench of Income Tax Appellate Tribunal (ITAT) has held that the profit margin forgone by Flipkart India while selling goods could not be treated as expenditure in creating intangible or...
![Profit Margin Forgone by Flipkart India while Selling Goods cannot be treated as “Expenditure in Creating Intangible or Goodwill”: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Profit-Flipkart-India-Flipkart-Selling-Goods-Goodwill-ITAT-Income-Tax-Tax-Taxscan-1.jpg "Profit Margin Forgone by Flipkart India while Selling Goods cannot be treated as “Expenditure in Creating Intangible or Goodwill”: ITAT [Read Order]")
Charges received for Carrying out of Re-fabrication of Bushings Not Taxable under Indo-Singapore Treaty: ITAT Allows TDS Credit to Owens Corning
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has allowed the Tax Deducted at Source (TDS) credit to Owens Corning holding that the charges received for carrying out re-fabrication of...
Order cannot be treated as “Erroneous” If PCIT thinks that “the Order should have been Written More Elaborately”: ITAT Quashes Revision [Read Order]
The Surat Bench of Income Tax Appellate Tribunal (ITAT) has quashed the revision order holding that the order could not be treated as erroneous if the Principal Commissioner of Income Tax (PCIT) had...
![Order cannot be treated as “Erroneous” If PCIT thinks that “the Order should have been Written More Elaborately”: ITAT Quashes Revision [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Order-Erroneous-PCIT-ITAT-Revision-Income-Tax-Taxscan.jpg "Order cannot be treated as “Erroneous” If PCIT thinks that “the Order should have been Written More Elaborately”: ITAT Quashes Revision [Read Order]")
ESOP Expenses are Capital in Nature, Not Allowable u/s 37(1) of Income Tax Act: ITAT [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has held that the employee stock option (ESOP) expenses were capital in nature and were not allowable under Section 37(1) of the Income Tax Act...
![ESOP Expenses are Capital in Nature, Not Allowable u/s 37(1) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/ESOP-Expenses-Capital-in-Nature-Income-Tax-Act-ITAT-Taxscan.jpg "ESOP Expenses are Capital in Nature, Not Allowable u/s 37(1) of Income Tax Act: ITAT [Read Order]")
ITAT Imposes Cost of Rs. 25,000 on Jet Airways for being Delinquent during Income Tax Proceedings [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has imposed a cost of Rs.25,000 on Jet Airways for being delinquent during income tax proceedings. The assessee, Jet Airways (India)...
![ITAT Imposes Cost of Rs. 25,000 on Jet Airways for being Delinquent during Income Tax Proceedings [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/ITAT-ITAT-Imposes-Cost-Jet-Airways-Delinquent-Income-Tax-Proceedings-Income-Tax-Taxscan.jpg "ITAT Imposes Cost of Rs. 25,000 on Jet Airways for being Delinquent during Income Tax Proceedings [Read Order]")
Revisional Power cannot be Invoked When AO Adopted A Plausible View that resulted in Loss of Revenue But the Same is Not Unsustainable in Law: ITAT
The Surat Bench of Income Tax Appellate Tribunal (ITAT) has held that the revisional power could not be invoked when the assessing officer had adopted a plausible view resulting in loss of revenue...
Non-Specifying of Specific Limb in Penalty Notice will not Invalidate Penalty Proceedings When Assessee is a Non-filer: ITAT
The Hyderabad Bench of Income Tax Appellate Tribunal (ITAT) has held that non specifying of specific limb in penalty notice would not invalidate penalty proceedings when assessee had been a...
