![ITAT Allows TCS Credit to Taxpayer Despite License Held by Third Party Due to Absence of Contradictory Evidence [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-TCS-Credit-Taxpayer-Despite-License-Contradictory-Evidence-TAXSCAN.jpg "ITAT Allows TCS Credit to Taxpayer Despite License Held by Third Party Due to Absence of Contradictory Evidence [Read Order]")
ITAT Allows TCS Credit to Taxpayer Despite License Held by Third Party Due to Absence of Contradictory Evidence [Read Order]
The Bangalore Bench of Income Tax Appellate Tribunal ( ITAT ) allowed Tax collected at source ( TCS ) credits to the assessee despite the license was...
![Proper findings u/s 145(3) of Income Tax are essential for Rejection of Books of Account: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-ITAT-Jaipur-Income-Tax-Appellate-Tribunal-Income-Tax-Books-of-Account-show-cause-notice-TAXSCAN.jpg "Proper findings u/s 145(3) of Income Tax are essential for Rejection of Books of Account: ITAT [Read Order]")
![Receipt of ‘On-Money Received from Sale of Flats cannot be Taxed: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-ITAT-Mumbai-Income-Tax-Income-Tax-Appellate-Tribunal-sale-of-flats-taxation-on-money-sale-of-flats-taxation-taxscan.jpg "Receipt of ‘On-Money Received from Sale of Flats cannot be Taxed: ITAT deletes Addition [Read Order]")
![GST Demand Order Solely Relying on Income Tax Dept Findings without Independent Finding cannot be Sustained: Allahabad HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Income-Tax-GST-Demand-Allahabad-HC-GST-Demand-Order-Allahabad-High-Court-Goods-and-Services-Tax-taxscan.jpg "GST Demand Order Solely Relying on Income Tax Dept Findings without Independent Finding cannot be Sustained: Allahabad HC [Read Order]")
![Relief to Bank of Bahrain & Kuwait: ITAT Allows Deduction from Book Profit for Withdrawn Reserves Credited to P&L Account u/s 115JB [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-ITAT-Mumbai-ITAT-Allows-Deduction-Bank-of-Bahrain-Kuwait-Taxscan.jpg "Relief to Bank of Bahrain & Kuwait: ITAT Allows Deduction from Book Profit for Withdrawn Reserves Credited to P&L Account u/s 115JB [Read Order]")
Tax Implications Triggered only upon Actual Sale or Transfer of Asset, no Additions shall be made based on Anticipated Future Benefits: ITAT [Read Order]
In a recent Judgement, the Raipur bench of the Income Tax Appellate Tribunal ( ITAT) ruled that tax implications arise only when the asset is actually sold or transferred, no additions can be made...
![Tax Implications Triggered only upon Actual Sale or Transfer of Asset, no Additions shall be made based on Anticipated Future Benefits: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Transfer-of-Asset.jpg "Tax Implications Triggered only upon Actual Sale or Transfer of Asset, no Additions shall be made based on Anticipated Future Benefits: ITAT [Read Order]")
No Incriminating Evidence Found in Search, Unexplained Cash Credit Declared Invalid: ITAT upholds CIT (A) Order [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) upheld the order of the Commissioner of Income Tax (Appeals) [CIT(A)], stating that no incriminating evidence was found during the...
![No Incriminating Evidence Found in Search, Unexplained Cash Credit Declared Invalid: ITAT upholds CIT (A) Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-ITAT-Delhi-Income-Tax-Appellate-Tribunal-Commissioner-of-Income-Tax-Cash-Credit-Unexplained-Cash-Credit-TAXSCAN.jpg "No Incriminating Evidence Found in Search, Unexplained Cash Credit Declared Invalid: ITAT upholds CIT (A) Order [Read Order]")
Search Assessment shall be Computed u/s 153 of Income Tax, not u/s 147: ITAT quashes Assessment order [Read Order]
In a recent ruling, the Delhi bench of the Income Tax Appellate Tribunal (ITAT) quashed the assessment order, clarifying that the both the Assessing Officer and Commissioner of Income Tax (Appeals)...
![Search Assessment shall be Computed u/s 153 of Income Tax, not u/s 147: ITAT quashes Assessment order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-Delhi-ITAT-under-Section-147-of-the-Income-Tax-Act-Income-Tax-Act-Income-Tax-Appellate-Tribunal-Commissioner-of-Income-Tax-Assessing-Officer-TAXSCAN.jpg "Search Assessment shall be Computed u/s 153 of Income Tax, not u/s 147: ITAT quashes Assessment order [Read Order]")
![Absence of Incriminating Material: ITAT rules out Addition on Completed Assessment [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Incriminating-Material-ITAT-Assessment-Completed-Assessment-Absence-of-Incriminating-Material-itat-on-Addition-on-Completed-Assessment-itat-news-ITAT-rules-out-Addition-on-Completed-Assessme-taxscan.jpg "Absence of Incriminating Material: ITAT rules out Addition on Completed Assessment [Read Order]")
S. 148 Income Tax Act Notice to Deceased Person: Bombay HC directs to issue Fresh Notice to Widow [Read Order]
In a recent ruling, the Bombay High Court directed to issue a replacement notice to legal representatives of the deceased person and proceed with the matter. In this case, the petitioner, Geeta,...
![S. 148 Income Tax Act Notice to Deceased Person: Bombay HC directs to issue Fresh Notice to Widow [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Salaried-Employees-Income-Tax-Notice-Evidence-for-Deduction-taxscan.jpg "S. 148 Income Tax Act Notice to Deceased Person: Bombay HC directs to issue Fresh Notice to Widow [Read Order]")
Subscription Fees from cloud Services not Taxable as Royalty in India under India-Ireland DTAA: ITAT [Read Order]
In a recent ruling, the Income Tax Appellate Tribunal (ITAT) of Delhi held that subscription fees from cloud services are not taxable as royalty in India under the India -Ireland Double Taxation...
![Subscription Fees from cloud Services not Taxable as Royalty in India under India-Ireland DTAA: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/WhatsApp-Image-2024-08-29-at-15.32.18_72802c46.jpg "Subscription Fees from cloud Services not Taxable as Royalty in India under India-Ireland DTAA: ITAT [Read Order]")
Overreach beyond Limited Scrutiny Jurisdiction: ITAT quashes PCIT’s Order u/s 263 of Income Tax Act [Read Order]
The Delhi bench of Income Tax Appellate Tribunal ( ITAT ) recently quashed an order passed under section 263 of the Income Tax Act 1961 ( ITAT )Â by the Principal Commisioner of Income Tax ( PCIT )...
![Overreach beyond Limited Scrutiny Jurisdiction: ITAT quashes PCIT’s Order u/s 263 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Overreach-Limited-Scrutiny-Jurisdiction-ITAT-PCITs-Order-Income-Tax-Act-taxscan.jpg "Overreach beyond Limited Scrutiny Jurisdiction: ITAT quashes PCIT’s Order u/s 263 of Income Tax Act [Read Order]")