![Payments on Transactional Charges not covered u/s 194J(1)(ba) of Income Tax Act: ITAT deletes Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/097164cd-1ac6-4369-a337-9642d092d668.jpg "Payments on Transactional Charges not covered u/s 194J(1)(ba) of Income Tax Act: ITAT deletes Penalty [Read Order]")
Payments on 'Transactional Charges' not covered u/s 194J(1)(ba) of Income Tax Act: ITAT deletes Penalty [Read Order]
The New Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) deleted the penalty order passed by the Commissioner of Income Tax ( Appeal )...
![ITAT directs to verify Peak Credits in Undisclosed Bank Account of ICICI Bank [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/ITAT-Delhi-Income-tax-Tax-news-ICICI-Bank-Undisclosed-Bank-Account-taxscan.jpg "ITAT directs to verify Peak Credits in Undisclosed Bank Account of ICICI Bank [Read Order]")
![No Addition u/s 68 of Income Tax Act on Share Premium allowable when Identity & Creditworthiness of Share Subscribers Proved: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/Income-Tax-Act-ITAT-Income-Tax-Appellate-Tribunal-Income-Tax-News-Income-Tax-taxscan.jpg "No Addition u/s 68 of Income Tax Act on Share Premium allowable when Identity & Creditworthiness of Share Subscribers Proved: ITAT [Read Order]")
![Rejection of Registration of Trust due to Mismatch of Trust name in Legal Documents and PAN database: ITAT directs Re adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/readjudication-Rejection-of-registration-ITAT-ahmedabad-PAN-taxscan.jpg "Rejection of Registration of Trust due to Mismatch of Trust name in Legal Documents and PAN database: ITAT directs Re adjudication [Read Order]")
![Assessee failed to Prove Entries of Credit against Addition section/s 68 of Income tax Act: ITAT allows Revenue Depts Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/Assessee-Prove-Entries-Credit-against-Income-tax-Act-ITAT-Revenue-Depts-Appeal-taxscan.jpg "Assessee failed to Prove Entries of Credit against Addition section/s 68 of Income tax Act: ITAT allows Revenue Depts Appeal [Read Order]")
Payment received by Non Resident assessee from Indian Company for IUC cannot be taxed as Royalty in India u/s 9(1)(vi) of Act on absence of DTAA: ITAT [Read Order]
The Bangalore bench of Income Tax Appellate Tribunal (ITAT) held that payment received by the non resident assessee from an Indian Company for IUC could not be taxed as royalty in India under Section...
![Payment received by Non Resident assessee from Indian Company for IUC cannot be taxed as Royalty in India u/s 9(1)(vi) of Act on absence of DTAA: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/ROYALTY.jpg "Payment received by Non Resident assessee from Indian Company for IUC cannot be taxed as Royalty in India u/s 9(1)(vi) of Act on absence of DTAA: ITAT [Read Order]")
ITD can't cure defect in Notice issued u/s 148 of Income Tax Act against Dead person by issuing Manual Notice in name of Legal Heir: ITAT quashes Reassessment Proceedings [Read Order]
The Bangalore bench of Income Tax Appellate Tribunal ( ITAT ) while quashing the reassessment proceedings held that the Income Tax Department could not cure defect in notice issued under...
![ITD cant cure defect in Notice issued u/s 148 of Income Tax Act against Dead person by issuing Manual Notice in name of Legal Heir: ITAT quashes Reassessment Proceedings [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/ITAT-ITAT-Bangalore-Reassessment-Proceedings-section-148-of-the-Income-Tax-Act-ITAT-quashes-Reassessment-Proceedings-Tax-News-Taxscan.jpg "ITD cant cure defect in Notice issued u/s 148 of Income Tax Act against Dead person by issuing Manual Notice in name of Legal Heir: ITAT quashes Reassessment Proceedings [Read Order]")
Failure to prove genuinity of Income from Agriculture Activities: ITAT upholds Addition [Read Order]
The Chennai bench of Income Tax Appellate Tribunal ( ITAT ) recently upheld the addition made by the assessing officer ue to failing to provide the genuine income from the agriculture activities. ...
![Failure to prove genuinity of Income from Agriculture Activities: ITAT upholds Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/Income-tax-Tax-news-Agriculture-Income-tax-Agriculture-Activities-Income-Tax-taxscan.jpg "Failure to prove genuinity of Income from Agriculture Activities: ITAT upholds Addition [Read Order]")
Actual profit in Indian Currency declared after determining the Foreign Profit by calculating all Transactions in Foreign Currency is valid method: ITAT deletes the Addition
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) ruled that actual profit in Indian currency was declared after determining the foreign profit by calculating all transactions in foreign...
No Income Assessable to Tax: Kerala HC sets aside Dismissal of Appeal on Technical Ground of Non-Compliance with a Pre-Condition for maintaining Appeal [Read Order]
The Kerala High Court set aside dismissal of appeal on technical ground of non-compliance with a pre-condition for maintaining the appeal as no income is assessable to tax. In the format of the...
![No Income Assessable to Tax: Kerala HC sets aside Dismissal of Appeal on Technical Ground of Non-Compliance with a Pre-Condition for maintaining Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/Kerala-High-Court-No-Income-Assessable-to-Tax-Pre-Condition-for-maintaining-Appeal-Tax-News-Taxscan.jpg "No Income Assessable to Tax: Kerala HC sets aside Dismissal of Appeal on Technical Ground of Non-Compliance with a Pre-Condition for maintaining Appeal [Read Order]")
Delay of 65 days in filing Appeal: Kerala HC directs to consider Stay Petition against Assessment Order under Income Tax Act [Read Order]
The Kerala High Court directed to consider the stay petition against the assessment order passed under the Income Tax Act, 1961 when the appeal was filed with a delay of 65 days. Against the...
![Delay of 65 days in filing Appeal: Kerala HC directs to consider Stay Petition against Assessment Order under Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/Kerala-High-Court-Income-Tax-Act-Income-Tax-Act-Assessment-Assessment-Order-Assessment-Order-under-Income-Tax-Act-Tax-News-Taxscan.jpg "Delay of 65 days in filing Appeal: Kerala HC directs to consider Stay Petition against Assessment Order under Income Tax Act [Read Order]")
Claim as Residential House having no Basic Amenities for Habitation is invalid: ITAT upholds Disallowance u/s 54 of Income Tax Act [Read Order]
The New Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) found that the claim of a residential house having no basic amenities for habitation is invalid and upheld the disallowance under...
![Claim as Residential House having no Basic Amenities for Habitation is invalid: ITAT upholds Disallowance u/s 54 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/ITAT-income-tax-act-tax-news-Residential-houses-TAT-disallowance-TAXSCAN.jpg "Claim as Residential House having no Basic Amenities for Habitation is invalid: ITAT upholds Disallowance u/s 54 of Income Tax Act [Read Order]")