![Interest on Delayed Customs Duty Deductible u/s 37 of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/Income-Tax-Act-Customs-Duty-Interest-on-Delayed-Customs-Duty-Section-37-Income-Tax-Act-taxscan.jpg "Interest on Delayed Customs Duty Deductible u/s 37 of Income Tax Act: ITAT [Read Order]")
Interest on Delayed Customs Duty Deductible u/s 37 of Income Tax Act: ITAT [Read Order]
The Bangalore Bench of Income Tax Appellate Tribunal ( ITAT ) ruled that interest on delayed customs duty was deductible under Section 37 of the...
![9 Technical Glitches in Income Tax Portal: KSCAA Submits Representation before CBDT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/CBDT-Income-Tax-Income-Tax-Portal-Technical-Glitches-in-Income-Tax-Portal-KSCAA-Taxscan.jpg "9 Technical Glitches in Income Tax Portal: KSCAA Submits Representation before CBDT [Read Order]")
![Income Tax Recovery Proceedings cannot initiate during Pendency of Appeals before CIT(A): Gujarat HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/Gujarat-High-Court-Income-Tax-CITA-Taxscan.jpg "Income Tax Recovery Proceedings cannot initiate during Pendency of Appeals before CIT(A): Gujarat HC [Read Order]")
ITAT deletes Notional Interest in Absence of Proof to Treat Share Application Money in Hands of Overseas AE as 'Loan' [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) deleted the notional interest in absence of proof to treat share application money in hands of overseas Associated Enterprises ( AE ) as...
![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 AO's Additions, upholds Legitimacy of Long-Term Capital Gains from Share Transactions [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal ( ITAT ) reversed the Assessing Officer's ( AO ) additions and upheld the legitimacy of long-term capital gains reported by an individual assessee,...
![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]
The Bangalore Bench of Income Tax Appellate Tribunal ( ITAT ) affirmed the deductibility of Employee Stock Option Plan ( ESOP ) expenses as legitimate business expenditures under Section 37 of the...
![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]
The Bangalore Bench of Income Tax Appellate Tribunal ( ITAT ) upheld the decision of the Commissioner of Income Tax (Appeals) [CIT(A)] concerning the sales commission payments made by the assessee,...
![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]")