Income Tax Department Releases Updated Timeline for Tax Notices
The Income Tax Department has recently issued an updated timeline for tax notices, detailing the deadlines and procedures for assessments and...
![ITAT deletes Notional Interest in Absence of Proof to Treat Share Application Money in Hands of Overseas AE as Loan [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-Income-Tax-Income-Tax-Appellate-Tribunal-ITAT-Mumbai-TAXSCAN.jpg "ITAT deletes Notional Interest in Absence of Proof to Treat Share Application Money in Hands of Overseas AE as Loan [Read Order]")
![ITAT Reverses AOs Additions, upholds Legitimacy of Long-Term Capital Gains from Share Transactions [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Mumbai-Income-Tax-Income-Tax-Appellate-Tribunal-TAXSCAN.jpg "ITAT Reverses AOs Additions, upholds Legitimacy of Long-Term Capital Gains from Share Transactions [Read Order]")
![ITAT affirms Deductibility of ESOP Expenses as Legitimate Business Expenditures u/s 37 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Bangalore-ESOP-Expenses-ESOP-Expense-deduction-Business-Expenditure-Income-Tax-Taxscan.jpg "ITAT affirms Deductibility of ESOP Expenses as Legitimate Business Expenditures u/s 37 of Income Tax Act [Read Order]")
![ITAT upholds CIT(A) decision on Sales Commission Payments, Concluding No TDS Liability for Fees for Technical Services [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Bangalore-Sales-Commission-Payments-TDS-TDS-Liability-Fees-for-Technical-Services-Taxscan.jpg "ITAT upholds CIT(A) decision on Sales Commission Payments, Concluding No TDS Liability for Fees for Technical Services [Read Order]")
![ITAT Upholds CIT(A) Deletion of Rs. 1.67 Cr u/s 14A Due to No Exempt Income[Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-CITA-Deletion-us-14A-Due-to-No-Exempt-Income-TAXSCAN.jpg "ITAT Upholds CIT(A) Deletion of Rs. 1.67 Cr u/s 14A Due to No Exempt Income[Read Order]")
![ITAT quashes Reopening of Assessment due to Procedural Flaws in issuance of Notice [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Mumbai-Income-Tax-Reopening-of-Assessment-ITAT-quashes-assessment-reopening-Taxscan.jpg "ITAT quashes Reopening of Assessment due to Procedural Flaws in issuance of Notice [Read Order]")
ITAT upholds CIT(A) Deletion of Rs.6.43 Cr Addition, Rules Loan from Wholly Owned Subsidiary Not Deemed Dividend [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal ( ITAT ) upheld the Commissioner of Income Tax(Appeals)[CIT(A)]'s deletion of a Rs.6.43 crore addition, ruling that the loan received from a wholly...
![ITAT upholds CIT(A) Deletion of Rs.6.43 Cr Addition, Rules Loan from Wholly Owned Subsidiary Not Deemed Dividend [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Delhi-CITA-Loan-Taxscan.jpg "ITAT upholds CIT(A) Deletion of Rs.6.43 Cr Addition, Rules Loan from Wholly Owned Subsidiary Not Deemed Dividend [Read Order]")
ITAT Deletes ₹4.96 Crore Addition Citing Need for Fresh Valuation Instead of DVO's Seller Valuation [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal ( ITAT ) deleted a ₹4.96 crore addition to the assessee's income, citing the need for a fresh valuation rather than relying on the District Valuation...
![ITAT Deletes ₹4.96 Crore Addition Citing Need for Fresh Valuation Instead of DVOs Seller Valuation [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Mumbai-ITAT-Deletes-Addition-District-Valuation-Officer-DVO-Valuation-Income-Tax-Taxscan.jpg "ITAT Deletes ₹4.96 Crore Addition Citing Need for Fresh Valuation Instead of DVOs Seller Valuation [Read Order]")
ITAT Upholds CIT(A) Ruling, Deleting ₹2 Crore Addition to TCGL’s Income for Non-Accrued Grants [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) upheld the ruling of the Commissioner of Income Tax (Appeals) [CIT(A)], which deleted a ₹2 crore addition to the income of the Tourism...
![ITAT Upholds CIT(A) Ruling, Deleting ₹2 Crore Addition to TCGL’s Income for Non-Accrued Grants [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/TAT-ITAT-Ahmedabad-CITA-Ruling-Taxscan.jpg "ITAT Upholds CIT(A) Ruling, Deleting ₹2 Crore Addition to TCGL’s Income for Non-Accrued Grants [Read Order]")
CIT(A) accepts additional Evidence on LTCG without complying with Rule 46A: ITAT Remands to AO for Verification [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal ( ITAT ) remanded matter concerning income from long-term capital gain ( LTCG ) back to the Assessing officer for verification after the commissioner...
![CIT(A) accepts additional Evidence on LTCG without complying with Rule 46A: ITAT Remands to AO for Verification [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Mumbai-Income-Tax-LTCG-Section-46A-Income-Tax-Rules-taxscan.jpg "CIT(A) accepts additional Evidence on LTCG without complying with Rule 46A: ITAT Remands to AO for Verification [Read Order]")