![No Service Tax on payments for Certification Services rendered by Foreign Entities in absence of fixed place of business: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/ITAT-ITAT-Ahmedabad-Service-tax-exemption-Service-tax-Foreign-entities-Tax-on-foreign-certification-services-taxscan.jpg "No Service Tax on payments for Certification Services rendered by Foreign Entities in absence of fixed place of business: ITAT [Read Order]")
No Service Tax on payments for Certification Services rendered by Foreign Entities in absence of fixed place of business: ITAT [Read Order]
In a recent case, the Ahmedabad bench of the Income Tax Appellate Tribunal ( ITAT ) held that the services rendered for product certification, which...
![Non-Filing of Condonation Application with Appeal Memo: Jharkhand HC dismisses Income Tax Dept Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/Jharkhand-High-Court-Jharkhand-HC-Jharkhand-HC-dismisses-Income-Tax-Income-Tax-Dept-Appeal-taxscan.webp "Non-Filing of Condonation Application with Appeal Memo: Jharkhand HC dismisses Income Tax Dept Appeal [Read Order]")
![ITAT deletes 69 Addition as Cash Sales cant take place before Commencement of Business [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/ITAT-Cash-Sales-place-Commencement-Business-taxscan.jpg "ITAT deletes 69 Addition as Cash Sales cant take place before Commencement of Business [Read Order]")
![AO cannot make Income Additions Solely based on Retracted Statement of Third-Parties: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/Itat-Income-Tax-Appellate-Tribunal-Ao-Retracted-Statement-Retracted-Statement-of-Third-Parties-Income-Additions-itat-news-income-tax-news-tax-news-taxscan.jpg "AO cannot make Income Additions Solely based on Retracted Statement of Third-Parties: ITAT [Read Order]")
![Property Sale Income Kept For Investment will be Taxed under Capital Gains under Income Tax Act: Kerala HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/Income-Tax-Capital-Gains-Kerala-HC-Sale-Income-ITAT-Kerala-High-Court-capital-accretion-taxscan.jpg "Property Sale Income Kept For Investment will be Taxed under Capital Gains under Income Tax Act: Kerala HC [Read Order]")
![Insufficient Evidence for AO’s Addition: Bombay HC dismisses Income Tax Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/Income-Tax-Income-Tax-Appeal-Income-Tax-Act-Bombay-High-Court-Bombay-HC-TAXSCAN.jpg "Insufficient Evidence for AO’s Addition: Bombay HC dismisses Income Tax Appeal [Read Order]")
Indexation Benefit Allowable Based on Cost of Acquisition of Property Sold by Taxpayer: ITAT [Read Order]
The New Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) held that the indexation benefit is allowable based on the cost of acquisition of property sold by the taxpayer. It was held that the...
![Indexation Benefit Allowable Based on Cost of Acquisition of Property Sold by Taxpayer: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/Income-Tax-Appellate-Tribunal-ITAT-Taxpayer-indexation-acquisition-of-property-long-term-capital-loss-taxscan.jpg "Indexation Benefit Allowable Based on Cost of Acquisition of Property Sold by Taxpayer: ITAT [Read Order]")
Budget 2024-25: FM Introduces Relief Measures Limiting Reopening of Old Income Tax Returns [Read Bill]
The Union Finance Minister Nirmala Sitharaman presented the full - budget 2024 yesterday before the parliament. has proposed significant reforms to the Income Tax Act, 1961, including measures to...
![Budget 2024-25: FM Introduces Relief Measures Limiting Reopening of Old Income Tax Returns [Read Bill]](https://www.taxscan.in/wp-content/uploads/2024/07/Budget-2024-FM-Introduces-Measures-Limiting-Reopening-Income-Tax-Returns-TAXSCAN.jpg "Budget 2024-25: FM Introduces Relief Measures Limiting Reopening of Old Income Tax Returns [Read Bill]")
Validity of Notice u/s 148 of Income Tax Act must be Evaluated Based on Legal Framework Existing on Date of Issuance: Bombay HC [Read Order]
The Bombay High Court quashed an order and a notice issued under Section 148 of the Income Tax Act, highlighting that the validity of such notices must be evaluated based on the legal framework...
![Validity of Notice u/s 148 of Income Tax Act must be Evaluated Based on Legal Framework Existing on Date of Issuance: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/Income-Tax-Income-Tax-Act-Income-Tax-Notice-Bombay-High-Court-Bombay-HC-TAXSCAN.jpeg "Validity of Notice u/s 148 of Income Tax Act must be Evaluated Based on Legal Framework Existing on Date of Issuance: Bombay HC [Read Order]")
AO must Forward Draft Assessment to assessee u/s 144 C of Income Tax Act if he proposes to make any variation in ITR: ITAT [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal ( ITAT ) held that as per section 144 C of the Income Tax Act, 1961 the Assessing Officer ( AO ) must pass a draft assessment order to the...
![AO must Forward Draft Assessment to assessee u/s 144 C of Income Tax Act if he proposes to make any variation in ITR: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/Income-Tax-Income-Tax-Act-ITAT-ITAT-Chennai-ITR-Income-Tax-Appellate-TAXSCAN.jpg "AO must Forward Draft Assessment to assessee u/s 144 C of Income Tax Act if he proposes to make any variation in ITR: ITAT [Read Order]")
![Budget 2024: Heres the Complete Income Tax Rate Structure in a Nutshell [Read Bill]](https://www.taxscan.in/wp-content/uploads/2024/07/Budget-2024-Income-Tax-Rate-Structure-in-a-Nutshell-TAXSCAN.jpg "Budget 2024: Heres the Complete Income Tax Rate Structure in a Nutshell [Read Bill]")
![Budget 2024: 10% TDS on Firm to Partner Payments under New Section 194T [Read Bill]](https://www.taxscan.in/wp-content/uploads/2024/07/Budget-2024-TDS-Firm-Partner-Payments-New-Section-194T-taxscan.jpg "Budget 2024: 10% TDS on Firm to Partner Payments under New Section 194T [Read Bill]")