Fathima Karama A.M
![Appellate Authorities Should Not Cite Procedure as A Tool/Ruse to Deny the Just Claim of An Assessee: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Appellate-Authorities-Claim-ITAT-Income-Tax-taxscan.jpg "Appellate Authorities Should Not Cite Procedure as A Tool/Ruse to Deny the Just Claim of An Assessee: ITAT [Read Order]")
Appellate Authorities Should Not Cite Procedure as A Tool/Ruse to Deny the Just Claim of An Assessee: ITAT [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal ( ITAT ) has held that the appellate authority should not cite procedure as a tool or ruse to deny...
![Assessee cannot be said to carry out Agricultural Activities merely because there were a Few Coconut Trees on Land: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Agricultural-Activities-Coconut-Trees-Land-ITAT-Income-Tax-Tax-Taxscan.jpg "Assessee cannot be said to carry out Agricultural Activities merely because there were a Few Coconut Trees on Land: ITAT [Read Order]")
![Capital Gain Deduction u/s 54F cannot be Denied If Assessee Entered into Agreement to Sale within One Year of Sale of Original Asset: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Capital-Gain-Deduction-Capital-Gain-Agreement-Sale-Original-Asset-ITAT-Income-Tax-Taxscan.jpg "Capital Gain Deduction u/s 54F cannot be Denied If Assessee Entered into Agreement to Sale within One Year of Sale of Original Asset: ITAT [Read Order]")
![Demand against MUFG Bank on Taxability of Interest on Income Tax Refund under Indo-Japan DTAA: ITAT Directs Re-Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/DEMAND1.jpg "Demand against MUFG Bank on Taxability of Interest on Income Tax Refund under Indo-Japan DTAA: ITAT Directs Re-Adjudication [Read Order]")
![Satellite Transmission Services Not “Royalty” as per Indo-US Treaty, Not Taxable in India: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Satellite-Transmission-Services-Royalty-Indo-US-Treaty-ITAT-taxscan.jpg "Satellite Transmission Services Not “Royalty” as per Indo-US Treaty, Not Taxable in India: ITAT [Read Order]")
Completion of Audit and Furnishing of Tax Audit Report before Conclusion of Assessment Proceedings: ITAT Deletes Penalty u/s 271B [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal ( ITAT )has deleted the penalty under Section 271B of the Income Tax Act 1961 as the completion of the audit and furnishing of the tax audit report...
![Completion of Audit and Furnishing of Tax Audit Report before Conclusion of Assessment Proceedings: ITAT Deletes Penalty u/s 271B [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Completion-of-Audit-Audit-Furnishing-of-Tax-Audit-Report-Tax-Audit-Report-Assessment-Proceedings-ITAT-Penalty-Taxscan.jpg "Completion of Audit and Furnishing of Tax Audit Report before Conclusion of Assessment Proceedings: ITAT Deletes Penalty u/s 271B [Read Order]")
![Expenditure towards ESOP Eligible for Deduction u/s 37 of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Expenditure-ESOP-Income-Tax-Income-Tax-Act-ITAT-taxscan.jpg "Expenditure towards ESOP Eligible for Deduction u/s 37 of Income Tax Act: ITAT [Read Order]")
Advance to Subsidiary Company Written Off Due to Non-Repayment shall be Deductible u/s 37(1) of Income Tax Act: ITAT [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) has held that the advance to the subsidiary company which was written off due to the non-repayment should be deductible under Section...
![Advance to Subsidiary Company Written Off Due to Non-Repayment shall be Deductible u/s 37(1) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Subsidiary-Company-Written-Off-Non-Repayment-Income-Tax-Act-ITAT-Taxscan.jpg "Advance to Subsidiary Company Written Off Due to Non-Repayment shall be Deductible u/s 37(1) of Income Tax Act: ITAT [Read Order]")
Advance Authorization can’t be Denied to Importer by Merely Based on Notification u/s 5 FTDR Act: Delhi HC [Read Order]
A Single Bench of Delhi High Court has held that the advance authorization could not be denied to the importer merely based on notification under Section 5 of the Foreign Trade Development and...
![Advance Authorization can’t be Denied to Importer by Merely Based on Notification u/s 5 FTDR Act: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Delhi-High-Court-Advance-Authorization-FTDR-Act-Notification-taxscan.jpg "Advance Authorization can’t be Denied to Importer by Merely Based on Notification u/s 5 FTDR Act: Delhi HC [Read Order]")
Interest received by Office/Overseas Branches Not Taxable under India-France DTAA: ITAT [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal has held that the interest recieved by the officer or overseas branches would not be taxable under India-France DTAA. The assessee, BNP Paribas is...
![Interest received by Office/Overseas Branches Not Taxable under India-France DTAA: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Interest-received-Taxable-India-France-DTAA-ITAT-TAXSCAN.jpg "Interest received by Office/Overseas Branches Not Taxable under India-France DTAA: ITAT [Read Order]")
Status and Traditional Practices shall be Considered during Addition of Unexplained Jewellery: ITAT Allows Further Benefit of 600 Grams of Jewellery to NRI woman [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal (ITAT) has allowed the benefit of 600 grams of jewellery to the NRI women observing that the status and traditional practices should be...
![Status and Traditional Practices shall be Considered during Addition of Unexplained Jewellery: ITAT Allows Further Benefit of 600 Grams of Jewellery to NRI woman [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Status-and-Traditional-Practices-Unexplained-Jewellery-ITAT-NRI-woman-TAXSCAN.jpg "Status and Traditional Practices shall be Considered during Addition of Unexplained Jewellery: ITAT Allows Further Benefit of 600 Grams of Jewellery to NRI woman [Read Order]")
![No change of law and No new material on record: Bombay HC quashes Notice u/s 148 [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/law-Bombay-High-Court-Notice-taxscan.jpg "No change of law and No new material on record: Bombay HC quashes Notice u/s 148 [Read Order]")