![No addition since Assessee furnished Identity of Creditors and Entire Loan transaction was done through Regular Banking Channel: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/01/Commercial-Transaction-Loan-Taxscan.jpg "No addition since Assessee furnished Identity of Creditors and Entire Loan transaction was done through Regular Banking Channel: ITAT [Read Order]")
No addition since Assessee furnished Identity of Creditors and Entire Loan transaction was done through Regular Banking Channel: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) recently held that addition under section 69A of the Income Tax Act, 1961 cannot be...
![ITAT confirms Addition since Assessee and Family received Huge Gifts and failed to prove any relationship with Donor [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/04/Gifts-Taxscan.jpg "ITAT confirms Addition since Assessee and Family received Huge Gifts and failed to prove any relationship with Donor [Read Order]")
![Interest accrued on Loans Taxable as Business Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/04/Loan-Taxscan.jpg "Interest accrued on Loans Taxable as Business Income: ITAT [Read Order]")
![Expenditure incurred to earn exempt Income computed u/s 14A can’t be added while computing Book Profit: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/12/ITAT-Taxscan.jpg "Expenditure incurred to earn exempt Income computed u/s 14A can’t be added while computing Book Profit: ITAT [Read Order]")
![RBI mandates Aadhaar for KYC Verification [Read Circular]](https://www.taxscan.in/wp-content/uploads/2017/03/Aadhaar.jpg "RBI mandates Aadhaar for KYC Verification [Read Circular]")
Tax Recovery Officer can’t Adjudicate the Transfer of Property under Section 281: Madras HC [Read Judgment]
In M/s. Agasthiya Holdings Private Limited vs. CIT & Ors., the Madras High Court held that the Tax Recovery Officer doesn’t have the authority to declare the transfer of a property as null and...
![Tax Recovery Officer can’t Adjudicate the Transfer of Property under Section 281: Madras HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/04/Tax-Recovery-Officer-Madras-High-Court-Taxscan.jpg "Tax Recovery Officer can’t Adjudicate the Transfer of Property under Section 281: Madras HC [Read Judgment]")
No TDS on Commission Paid to Non-Resident Agents for their Services outside India: ITAT [Read Order]
In ACIT vs. M/s. Manufax (India), the Agra Bench of the Income Tax Appellate Tribunal held that the assessee is not liable to deduct tax at source ( TDS ) when the non-resident agent provides services...
![No TDS on Commission Paid to Non-Resident Agents for their Services outside India: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/03/TDS-Taxscan.jpg "No TDS on Commission Paid to Non-Resident Agents for their Services outside India: ITAT [Read Order]")
PMLA Amendment enabling ED to proceed against Property held outside India applicable from 19th April [Read Notification]
The amendment to the Prevention of Money Laundering Act ( PMLA ) made vide Finance Act 2018 regarding the property held outside Indian territory is applicable with effect from 19th April 2018, said a...
![PMLA Amendment enabling ED to proceed against Property held outside India applicable from 19th April [Read Notification]](https://www.taxscan.in/wp-content/uploads/2018/01/PMLA-Act-Taxscan.jpg "PMLA Amendment enabling ED to proceed against Property held outside India applicable from 19th April [Read Notification]")
![Service Tax payable on Services in respect of Properties situated in India: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/04/Service-Tax-Real-Estate-Taxscan.jpg "Service Tax payable on Services in respect of Properties situated in India: CESTAT [Read Order]")
![Demand and Penalty based on Third Party Evidence is Invalid: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/04/Evidence-Taxscan.jpg "Demand and Penalty based on Third Party Evidence is Invalid: CESTAT [Read Order]")
