![Bangalore ITAT grants Stay to Vodafone on payment of 15 Crores [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/12/Vodafone-Cenvat-Credit-Taxscan.jpg "Bangalore ITAT grants Stay to Vodafone on payment of 15 Crores [Read Order]")
Bangalore ITAT grants Stay to Vodafone on payment of 15 Crores [Read Order]
On last week, the Bangalore bench of the Income Tax Appellate Tribunal (ITAT) granted a conditional stay to the telecom giants, Vodafone and asked...
![ITAT upholds Book-Value based Taxation of Partner on Capital Contribution of Immovable Property in LLP [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/08/Limited-Liability-Partnership-LLP-Taxscan.jpg "ITAT upholds Book-Value based Taxation of Partner on Capital Contribution of Immovable Property in LLP [Read Order]")
Loss from F & O transaction is Speculative Loss, No Set Off since Amendment to s. 73 has Prospective Application: ITAT [Read Order]
The Mumbai bench of the ITAT, last week held that loss arising out of future and options (F&O) transactions are speculative loss. The bench, while refusing to allow the claim for set off the same...
![Loss from F & O transaction is Speculative Loss, No Set Off since Amendment to s. 73 has Prospective Application: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/04/Share-Trading.jpg "Loss from F & O transaction is Speculative Loss, No Set Off since Amendment to s. 73 has Prospective Application: ITAT [Read Order]")
Depreciation Not allowable on Intangible asset on payment of Non-compete Fees for Acquiring 'Going Concern': ITAT [Read Order]
Delhi bench of Income Tax Appellate Tribunal (ITAT) recently disallowed depreciation claim under section 32 of the Income Tax Act, 1961 on intangible asset on non-compete fees paid. Assessee in the...
![Depreciation Not allowable on Intangible asset on payment of Non-compete Fees for Acquiring Going Concern: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/08/Depreciation-Taxscan.jpg "Depreciation Not allowable on Intangible asset on payment of Non-compete Fees for Acquiring Going Concern: ITAT [Read Order]")
Receipt from Employer for settling Industrial Dispute Eligible for Exemption as Retrenchment Compensation u/s 10(10B): ITAT [Read Order]
Income Tax Appellate Tribunal (ITAT), Ahmedabad bench last week ruled that the amount received by an employee from an employer as a retrenchment compensation while settling an industrial dispute would...
![Receipt from Employer for settling Industrial Dispute Eligible for Exemption as Retrenchment Compensation u/s 10(10B): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/06/Compensation-Taxscan.jpg "Receipt from Employer for settling Industrial Dispute Eligible for Exemption as Retrenchment Compensation u/s 10(10B): ITAT [Read Order]")
Payment made for Upgradation of Technology, because of rapid replacement and constant need for existence, is Revenue Expenditure: ITAT [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal recently ruled that the payment incurred for the upgradation of technology, because of rapid replacement and constant need for existence, are...
![Payment made for Upgradation of Technology, because of rapid replacement and constant need for existence, is Revenue Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/07/Revenue-Expenditure-Bombay-HC-Taxscan.jpg "Payment made for Upgradation of Technology, because of rapid replacement and constant need for existence, is Revenue Expenditure: ITAT [Read Order]")
Lawyers must be appointed as Members of Sales Tax Tribunals: CAs/ Commissioners can be appointed If they have Expertise in the Subject: Bombay HC [Read Judgment]
While entertaining a petition moved by the Sales Tax Tribunal Bar Association, a division bench of the Bombay High Court held that only legally qualified, judicially trained and experienced persons...
![Lawyers must be appointed as Members of Sales Tax Tribunals: CAs/ Commissioners can be appointed If they have Expertise in the Subject: Bombay HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/09/Chartered-Accountants-Lawyers-Taxscan.jpg "Lawyers must be appointed as Members of Sales Tax Tribunals: CAs/ Commissioners can be appointed If they have Expertise in the Subject: Bombay HC [Read Judgment]")