Taxscan Team
![Payment of TDS with Interest to ensure No Loss to Revenue: ITAT deletes Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Payment-TDS-Interest-Revenue-Penalty-ITAT-Payment-of-TDS-taxscan.jpg "Payment of TDS with Interest to ensure No Loss to Revenue: ITAT deletes Penalty [Read Order]")
Payment of TDS with Interest to ensure No Loss to Revenue: ITAT deletes Penalty [Read Order]
The Ahmadabad Bench of the Income Tax Appellate Tribunal ( ITAT ), deleted penalty as there was payment of TDS with interest to ensure no loss to...
![OCI is Fees for Technical Services u/s 115A of Income Tax Act: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/OCI-is-Fees-for-Technical-Services-of-Income-Tax-Act-ITAT-deletes-Addition-TAXSCAN.jpg "OCI is Fees for Technical Services u/s 115A of Income Tax Act: ITAT deletes Addition [Read Order]")
![GST Dept failed to Allow Opportunity to Present during Inspection and Upload Photographs: Delhi HC Quashes Order Canceling Registration [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/GST-department-GST-Delhi-High-Court-Registration-Canceling-Registration-Taxscan.jpg "GST Dept failed to Allow Opportunity to Present during Inspection and Upload Photographs: Delhi HC Quashes Order Canceling Registration [Read Order]")
![Non-formation of GST Tribunal: Gujarat HC issues notice to Central Govt in Refund Claim Case [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Non-formation-of-GST-Tribunal-Gujarat-HC-issues-notice-to-Central-Govt-in-Refund-Claim-Case-TAXSCAN-1.jpg "Non-formation of GST Tribunal: Gujarat HC issues notice to Central Govt in Refund Claim Case [Read Order]")
![Remand for Review in Absence of Enabling Provision illegal: Orissa HC upholds Relief to Tata Iron & Steel [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Remand-for-Review-Orissa-High-Court-Tata-Iron-Steel-taxscan.jpg "Remand for Review in Absence of Enabling Provision illegal: Orissa HC upholds Relief to Tata Iron & Steel [Read Order]")
Patna HC quashes GST Demand on TDS Credit passed ex-parte: Remands matter for Fresh Hearing [Read Order]
The Patna High Court has recently quashed the demand notice and order passed ex-parte against the CICO Patel Joint Venture along with directions to pass fresh order on the merits of the matter. ...
![Patna HC quashes GST Demand on TDS Credit passed ex-parte: Remands matter for Fresh Hearing [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Patna-HC-quashes-GST-Demand-GST-Demand-GST-Demand-on-TDS-Credit-GST-TDS-taxscan.jpg "Patna HC quashes GST Demand on TDS Credit passed ex-parte: Remands matter for Fresh Hearing [Read Order]")
![Relief to BBC: No Income Tax on Receipt from Distribution of News in India, rules ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/BBC-No-Income-Tax-on-Receipt-from-Distribution-of-News-in-India-rules-ITAT-TAXSCAN.jpg "Relief to BBC: No Income Tax on Receipt from Distribution of News in India, rules ITAT [Read Order]")
Production and Sale of Tissue Culture Plants is Business Activity, Not Agricultural: ITAT Upholds Revision [Read Order]
The Income Tax Appellate Tribunal ( ITAT ) Hyderabad bench dismissed the appeal filed by the assessee and held that the production and sale of the tissue culture plant is a business activity, not an...
![Production and Sale of Tissue Culture Plants is Business Activity, Not Agricultural: ITAT Upholds Revision [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Production-Sale-Production-and-Sale-Tissue-Culture-Plants-Business-Activity-Agricultural-ITAT-taxscan.jpg "Production and Sale of Tissue Culture Plants is Business Activity, Not Agricultural: ITAT Upholds Revision [Read Order]")
No Income Tax Penalty u/s 44A and 44B if the Commission receipt falls below Threshold Limit: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) Delhi Bench recently in an appeal held that penalty would not be imposed under Section 44A and 44B Income Tax Act, 1961 if the commission receipt of assessee...
![No Income Tax Penalty u/s 44A and 44B if the Commission receipt falls below Threshold Limit: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/No-Income-Tax-Penalty-Commission-receipt-falls-below-Threshold-Limit-ITAT-TAXSCAN.jpg "No Income Tax Penalty u/s 44A and 44B if the Commission receipt falls below Threshold Limit: ITAT [Read Order]")
Limited Company being an Inanimate Person, cannot have anything 'Personal': ITAT allows Depreciation on Luxury Sports Car used by Director [Read Order]
The Income Tax Appellate Tribunal (ITAT) company is an inanimate person and there cannot be anything “personal” and therefore, allowed depreciation claim by the assessee-company in respect of a...
![Limited Company being an Inanimate Person, cannot have anything Personal: ITAT allows Depreciation on Luxury Sports Car used by Director [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/ITAT-Depreciation-Luxury-Sports-Car-Director-Company-Inanimate-Person-Depreciation-on-Luxury-Sports-Car-Income-Tax-taxscan.jpg "Limited Company being an Inanimate Person, cannot have anything Personal: ITAT allows Depreciation on Luxury Sports Car used by Director [Read Order]")
No Stamp Duty for Name Change from Public Ltd to Private Ltd in Revenue Records: HP HC [Read Order]
The Himachal Pradesh High Court has recently held that stamp duty or registration fee cannot be levied upon conversion from a Public Limited Company to a Private Limited Company for changing the name...
