Namaskar Acharya
![Relief to Reliance Commercial Dealers: 10% TDS Applicable on Payment to FSII for for Availing Training of Pilots, rules ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Relief-to-Reliance-Commercial-Dealers-TDS-Applicable-on-Payment-to-FSII-for-for-Availing-Training-of-Pilots-rules-ITAT-TAXSCAN.jpg "Relief to Reliance Commercial Dealers: 10% TDS Applicable on Payment to FSII for for Availing Training of Pilots, rules ITAT [Read Order]")
Relief to Reliance Commercial Dealers: 10% TDS Applicable on Payment to FSII for for Availing Training of Pilots, rules ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal held that taxation rate is not to exceed 10% under Article 12 of the DTAA between India and...
![Doubtful Debt in Nature of Diminution in value of Asset, unless there is finding u/s 35(1)(vii) of Income Tax Act: ITAT upholds Addition of Book Profit u/s 115JB [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Doubtful-Debt-nature-of-diminution-Income-Tax-Act-Asset-Diminution-ITAT-upholds-Addition-of-Book-Profit-ITAT-Addition-Book-Profit-taxscan.jpg "Doubtful Debt in Nature of Diminution in value of Asset, unless there is finding u/s 35(1)(vii) of Income Tax Act: ITAT upholds Addition of Book Profit u/s 115JB [Read Order]")
![Failure to file ITR bonafidely and witness no Loss to Revenue as Proper Tax was already Paid: ITAT deletes Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Failure-file-ITR-Loss-Revenue-Proper-Tax-already-Paid-ITAT-Penalty-taxscan-.jpg "Failure to file ITR bonafidely and witness no Loss to Revenue as Proper Tax was already Paid: ITAT deletes Penalty [Read Order]")
![Interest on Compulsorily Convertible Debentures Allowable as Revenue Deduction u/s 36(1)(iii) of the Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Interest-Earned-Surplus-Grants-Should-Not-Be-Taxed-as-Income-ITAT-Interest-Surplus-taxscan.jpg "Interest on Compulsorily Convertible Debentures Allowable as Revenue Deduction u/s 36(1)(iii) of the Income Tax Act: ITAT [Read Order]")
![Nirma Ltd. entitles to Additional Compensation for Delay in Issuing Refund u/s 244A of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Nirma-0Ltd-Additional-Compensation-Delay-Refund-Income-Tax-Act-ITAT-taxscan.jpg "Nirma Ltd. entitles to Additional Compensation for Delay in Issuing Refund u/s 244A of Income Tax Act: ITAT [Read Order]")
Contract/Professional Receipts Reflected in Form 26AS Rightly Offered under Presumptive Tax: ITAT deletes Addition [Read Order]
The Jaipur bench of the Income Tax Appellate Tribunal (ITAT) held that the Contact/ Professional Receipts reflected in the Form 26AS shall be Taxed at 8% under Section 44AD of Income Tax Act, 1961. ...
![Contract/Professional Receipts Reflected in Form 26AS Rightly Offered under Presumptive Tax: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Contract-Professional-Receipts-Reflected-Form-Rightly-Offered-Presumptive-Tax-ITAT-taxscan.jpg "Contract/Professional Receipts Reflected in Form 26AS Rightly Offered under Presumptive Tax: ITAT deletes Addition [Read Order]")
No Illegality in Adopting Presumptive Tax for Professional Receipts from Fashion Designer: ITAT deletes Addition u/s 68 [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) held that the addition of professional receipts as undisclosed income is not tenable. The assessee was engaged in professional service...
![No Illegality in Adopting Presumptive Tax for Professional Receipts from Fashion Designer: ITAT deletes Addition u/s 68 [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Illegality-No-Illegality-in-Adopting-Presumptive-Tax-Adopting-Presumptive-Tax-Presumptive-Tax-Tax-Professional-Receipts-Professional-Receipts-from-Fashion-Designer-Fashion-Designer-ITAT-Taxscan.jpg "No Illegality in Adopting Presumptive Tax for Professional Receipts from Fashion Designer: ITAT deletes Addition u/s 68 [Read Order]")
Payment for architectural design could not be classified as royalty under Article 12(3) of India Singapore DTAA: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal held that Payments made in consideration of architectural design could not be classified as royalty under Article 12(3) of India Singapore Double...
![Payment for architectural design could not be classified as royalty under Article 12(3) of India Singapore DTAA: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Payment-architectural-classified-royalty-Article-India-Singapore-DTAA-ITAT-taxscan.jpg "Payment for architectural design could not be classified as royalty under Article 12(3) of India Singapore DTAA: ITAT [Read Order]")
Documentation of Files without any Explanation to adverse observation in respect of Bank Statements: ITAT restores addition u/s 68 [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal held that the assessee grossly failed in discharging the initial burden, thus relevant provisions applied by the Assessing Officer (AO) are not...
![Documentation of Files without any Explanation to adverse observation in respect of Bank Statements: ITAT restores addition u/s 68 [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Documentation-of-Files-Bank-Statements-ITAT-restores-addition-ITAT-taxscan.jpg "Documentation of Files without any Explanation to adverse observation in respect of Bank Statements: ITAT restores addition u/s 68 [Read Order]")
AO fails to Show Conclusive Proof of Assessee being Benamidar of Registered Society: ITAT deletes Addition [Read Order]
The Raipur bench of the Income Tax Appellate Tribunal (ITAT) deleted the addition on grounds of Assessing Officer (AO) failed to show conclusive proof that the assessee being a benamidar of...
![AO fails to Show Conclusive Proof of Assessee being Benamidar of Registered Society: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/AO-AO-fails-to-Show-Conclusive-Proof-of-Assessee-Conclusive-Proof-Conclusive-Proof-of-Assessee-taxscan.jpg "AO fails to Show Conclusive Proof of Assessee being Benamidar of Registered Society: ITAT deletes Addition [Read Order]")
AO disallows 2/3rd of Repair and Maintenance Expenditure as Capital Expenditure for Chhattisgarh State Power Transmission: ITAT directs Re adjudication [Read Order]
The Raipur bench of the Income Tax Appellate Tribunal directed readjudication for disallowing the 2/3rd of Repair and Maintenance Expenditure as Capital Expenditure for Chhattisgarh State Power...
![AO disallows 2/3rd of Repair and Maintenance Expenditure as Capital Expenditure for Chhattisgarh State Power Transmission: ITAT directs Re adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/AO-Repair-and-Maintenance-Expenditure-as-Capital-Expenditure-for-Chhattisgarh-State-Power-Transmission-ITAT-directs-Readjudication-TAXSCAN.jpg "AO disallows 2/3rd of Repair and Maintenance Expenditure as Capital Expenditure for Chhattisgarh State Power Transmission: ITAT directs Re adjudication [Read Order]")