Namaskar Acharya
![Mere Estimation by DVO is no Justification for Adopting Fair Market Value: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Mere-Estimation-by-DVO-Justification-for-Adopting-Fair-Market-Value-ITAT-TAXSCAN.jpg "Mere Estimation by DVO is no Justification for Adopting Fair Market Value: ITAT [Read Order]")
Mere Estimation by DVO is no Justification for Adopting Fair Market Value: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) held that there is no justification for adopting a lower Fair Market Value (FMV) in the...
![ITAT Quashes Revision Order u/s 263 against TATA AIG for want of Jurisdiction [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/ITAT-Quashes-Revision-Order-TATA-AIG-Jurisdiction-Revision-Order-taxscan.jpg "ITAT Quashes Revision Order u/s 263 against TATA AIG for want of Jurisdiction [Read Order]")
![Mere Passing of Architectural Drawings to AOP Not ‘FIS’, doesnt satisfy make believe under Article 12(4)(b) of India-USA DTAA: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Mere-Architectural-Drawings-AOP-believe-India-USA-DTAA-ITAT-TAXSCAN.jpg "Mere Passing of Architectural Drawings to AOP Not ‘FIS’, doesnt satisfy make believe under Article 12(4)(b) of India-USA DTAA: ITAT [Read Order]")
![Income Tax Dept cannot Rely on Press Notes to Determine Arms Length Price of Sales for Payment of Royalty: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Income-Tax-Dept-Income-Tax-Income-Income-Tax-Dept-cannot-Rely-on-Press-Notes-Press-Notes-Arms-Length-Price-of-Sales-for-Payment-of-Royalty-ITAT-Taxscan.jpg "Income Tax Dept cannot Rely on Press Notes to Determine Arms Length Price of Sales for Payment of Royalty: ITAT [Read Order]")
![Date of Deposit of PF Payment Allows Extension for Due Date being a Holiday: ITAT directs AO for Re-Examination [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Date-of-Deposit-of-PF-Payment-Deposit-of-PF-Payment-Deposit-PF-PF-Payment-Date-of-Deposit-of-PF-Payment-Allows-Extension-for-Due-Date-being-a-Holiday-ITAT-Taxscan.jpg "Date of Deposit of PF Payment Allows Extension for Due Date being a Holiday: ITAT directs AO for Re-Examination [Read Order]")
Delay in Payment of Employer's Contribution is not lost on basis of deferment of Deduction on Payment basis u/s.43B: ITAT dismisses plea regarding Delay of Payment during COVID [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal held that any failure to pay within the prescribed due date under the respective PF Act or Scheme will result in negating employer's claim for...
![Delay in Payment of Employers Contribution is not lost on basis of deferment of Deduction on Payment basis u/s.43B: ITAT dismisses plea regarding Delay of Payment during COVID [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Delay-payment-deferment-deduction-payment-ITAT-plea-delay-payment-COVID-TAXSCAN.jpg "Delay in Payment of Employers Contribution is not lost on basis of deferment of Deduction on Payment basis u/s.43B: ITAT dismisses plea regarding Delay of Payment during COVID [Read Order]")
Penalty u/s 271C for Non Deduction of TDS Not Leviable on Submission of Form 15G and 15H: ITAT [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) held that the assessee was not required to deduct tax at source under Section 40(a)(ia) of the Income Tax Act, 1961 on submission of...
![Penalty u/s 271C for Non Deduction of TDS Not Leviable on Submission of Form 15G and 15H: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Penalty-Non-Deduction-of-TDS-Leviable-on-Submission-of-Form-15G-15H-ITAT-TAXSCAN.jpg "Penalty u/s 271C for Non Deduction of TDS Not Leviable on Submission of Form 15G and 15H: ITAT [Read Order]")
![Purchase and sale of shares are Not Bogus: ITAT deletes Penalty u/s 271(1)(c) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Purchase-and-sale-of-shares-ITAT-deletes-Penalty-Income-Tax-Act-sale-of-shares-Purchase-of-Shares-Penalty-taxscan.jpg "Purchase and sale of shares are Not Bogus: ITAT deletes Penalty u/s 271(1)(c) of Income Tax Act [Read Order]")
4 Months 15 days shall be Taken as 5 Months for Interest Calculation of Late Deposit of TDS: ITAT [Read Order]
The Jaipur bench of the Income Tax Appellate Tribunal (ITAT) held that term month not to be considered as per British calendar month. The case are that the assessee company was engaged in business...
![4 Months 15 days shall be Taken as 5 Months for Interest Calculation of Late Deposit of TDS: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Interest-Calculation-of-Late-Deposit-of-TDS-TDS-Interest-Calculation-Interest-Late-Deposit-ITAT-Taxscan.jpg "4 Months 15 days shall be Taken as 5 Months for Interest Calculation of Late Deposit of TDS: ITAT [Read Order]")
Documentary Evidences validates Compensation Paid to Brokerages and Settlement of Disputes out of Sale Proceeds: ITAT upholds Deletion of Rs. 3.86 crores as Expenditure [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) held that the documentary evidences validated the compensation paid to the brokerages and the settlement of disputes out of sales...
![Documentary Evidences validates Compensation Paid to Brokerages and Settlement of Disputes out of Sale Proceeds: ITAT upholds Deletion of Rs. 3.86 crores as Expenditure [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Documentary-Evidences-Compensation-Paid-to-Brokerages-Compensation-Paid-to-Brokerages-and-Settlement-of-Disputes-out-of-Sale-Proceeds-ITAT-taxscan.jpg "Documentary Evidences validates Compensation Paid to Brokerages and Settlement of Disputes out of Sale Proceeds: ITAT upholds Deletion of Rs. 3.86 crores as Expenditure [Read Order]")
Failure to Furnish Material Evidence of Rs. 1 crore Gift Received on Marriage: ITAT sustains addition of Partial Amount as Unexplained Money [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal (ITAT) sustainedthe addition of partial amount of Rs. 1 crore as unexplained money under Section 69A of the Income Tax Act, 1961. The tribunal...
![Failure to Furnish Material Evidence of Rs. 1 crore Gift Received on Marriage: ITAT sustains addition of Partial Amount as Unexplained Money [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Failure-Furnish-Material-Evidence-Gift-Received-Marriage-ITAT-Partial-Unexplained-Money-taxscan.jpg "Failure to Furnish Material Evidence of Rs. 1 crore Gift Received on Marriage: ITAT sustains addition of Partial Amount as Unexplained Money [Read Order]")