![Income Tax Dept issues Bank Attachment Notice over PAN Fraud: Madras HC Directs to Approach Appellate Authority [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Income-Tax-Dept-issues-Bank-Attachment-Notice-PAN-Fraud-Madras-HC-Approach-Appellate-Authority-TAXSCAN.jpg "Income Tax Dept issues Bank Attachment Notice over PAN Fraud: Madras HC Directs to Approach Appellate Authority [Read Order]")
Income Tax Dept issues Bank Attachment Notice over PAN Fraud: Madras HC Directs to Approach Appellate Authority [Read Order]
The Madras High Court has disposed of writ petition filed by the petitioner directing to approach the appellate authority with regards to the...
![ITAT directs Re adjudication with respect to Denial of LTCG incurred from Sale of Shares without Analyzing Proper Evidence [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-Mumbai-ITAT-Income-Tax-Sale-of-Shares-LTCG-on-Shares-Sale-ITAT-Direction-ITAT-Shares-Sale-LTCG-Evidence-Taxscan.jpg "ITAT directs Re adjudication with respect to Denial of LTCG incurred from Sale of Shares without Analyzing Proper Evidence [Read Order]")
![Payment made for Management, Sales and Marketing Support Services provided by Foreign Company not taxable as FTS under India -Netherland DTAA: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Delhi-Income-Tax-India-Netherland-DTAA-TAXSCAN.jpg "Payment made for Management, Sales and Marketing Support Services provided by Foreign Company not taxable as FTS under India -Netherland DTAA: ITAT [Read Order]")
![Madras HC disposes Petitions Challenging Constitutionality of Section 115 WA(2) and 115 WB(2)& (1) of Income Tax Act as Provisions Removed from Statute [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Madras-High-Court-Income-tax-Income-tax-news-Writ-Petitions-taxscan.jpg "Madras HC disposes Petitions Challenging Constitutionality of Section 115 WA(2) and 115 WB(2)& (1) of Income Tax Act as Provisions Removed from Statute [Read Order]")
![Income Tax Appeal regarding Section 80B(2) Deduction pending before CIT(A) for 5 Years: Madras HC orders to dispose within 3 Months [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Income-Tax-Appeal-Income-Tax-Madras-High-Court-Madras-HC-Madras-HC-Income-Tax-Appeal-Taxscan.jpg "Income Tax Appeal regarding Section 80B(2) Deduction pending before CIT(A) for 5 Years: Madras HC orders to dispose within 3 Months [Read Order]")
Madras HC dismisses Borrower's Petition for Lender's Income Tax Returns, advises resorting to RBI for resolution on financing business concerns [Read Order]
The Madras High Court dismissed the writ petition filed by the borrower seeking the income tax returns ( ITR ) of the lender. The high court advised the petitioner to approach Reserve Bank of India (...
![Madras HC dismisses Borrowers Petition for Lenders Income Tax Returns, advises resorting to RBI for resolution on financing business concerns [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Madras-High-Court-Income-tax-return-ITR-RBI-RBI-resolution-taxscan.jpg "Madras HC dismisses Borrowers Petition for Lenders Income Tax Returns, advises resorting to RBI for resolution on financing business concerns [Read Order]")
Madras HC disposes Writ Petition of Ramco Cements challenging Constitutionality of Sections 115 WA to 115 WL of Income Tax Act [Read Order]
The Madras High Court has disposed of the writ petition filed by the famous Ramco Cements challenging the constitutionality of the Sections 115 WA to 115 WL of Income Tax Act, 1961 on the grounds...
![Madras HC disposes Writ Petition of Ramco Cements challenging Constitutionality of Sections 115 WA to 115 WL of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Madras-High-Court-Ramco-Cements-Income-Tax-Writ-Petition-TAXSCAN.jpg "Madras HC disposes Writ Petition of Ramco Cements challenging Constitutionality of Sections 115 WA to 115 WL of Income Tax Act [Read Order]")
Secured Creditors granted priority charge over Sales, Commercial, and Income Tax claims: Madras HC grants Relief to ICICI [Read Order]
The Madras High Court has observed that secured creditors have priority charges over the claims of the Sales Tax, Commercial Tax and Income Tax. The high court disposed of the writ petition by...
![Secured Creditors granted priority charge over Sales, Commercial, and Income Tax claims: Madras HC grants Relief to ICICI [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ICICI-Madras-High-Court-Income-Tax-Income-Tax-Claims-TAXSCAN.jpg "Secured Creditors granted priority charge over Sales, Commercial, and Income Tax claims: Madras HC grants Relief to ICICI [Read Order]")
Taxpayer produced books of accounts, Vouchers, Payment required for TDS Deduction: ITAT deletes Penalty u/s 270 A (9)(a) [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal ( ITAT ) deleted the penalty under Section 270A(9)(a) of the Income Tax Act, 1961 as the taxpayer provided books of accounts, vouchers, and...
![Taxpayer produced books of accounts, Vouchers, Payment required for TDS Deduction: ITAT deletes Penalty u/s 270 A (9)(a) [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Bangalore-Income-tax-Income-tax-news-books-of-accounts-TDS-TDS-deduction-taxscan.jpg "Taxpayer produced books of accounts, Vouchers, Payment required for TDS Deduction: ITAT deletes Penalty u/s 270 A (9)(a) [Read Order]")
Depreciation Income not claimed as Corresponding Deferred Grant Income was included as Receipts u/s 11: ITAT directs Re adjudication [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal ( ITAT ) directed re-adjudication as depreciation income was not claimed, given that corresponding deferred grant income was included as...
![Depreciation Income not claimed as Corresponding Deferred Grant Income was included as Receipts u/s 11: ITAT directs Re adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Depreciation-Income-Claimed-Corresponding-Deferred-Grant-Income-Receipts-ITAT-Re-adjudication-taxscan.jpg "Depreciation Income not claimed as Corresponding Deferred Grant Income was included as Receipts u/s 11: ITAT directs Re adjudication [Read Order]")
Holding-Subsidiary Transaction Excludes S. 56(2) (viib) Taxation in Absence of any Benefit Occurring to any Outsider: ITAT deletes Addition [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has deleted the addition made, as the holding-subsidiary transaction does not attract taxation under Section 56(2)(viib) of the Income Tax...
![Holding-Subsidiary Transaction Excludes S. 56(2) (viib) Taxation in Absence of any Benefit Occurring to any Outsider: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Holding-Subsidiary-Transaction-Taxation-ITAT-deletes-Addition-ITAT-taxscan.jpg "Holding-Subsidiary Transaction Excludes S. 56(2) (viib) Taxation in Absence of any Benefit Occurring to any Outsider: ITAT deletes Addition [Read Order]")
No liability to Deduct TDS on Payment made to Wholly-Owned Subsidiary Company in respect of Sales commission u/s 40 (a)(i): ITAT deletes addition [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal ( ITAT ) has struck down the additional tax demand, concluding that no Tax Deducted at Source ( TDS ) liability exists on payments to Manthan...
![No liability to Deduct TDS on Payment made to Wholly-Owned Subsidiary Company in respect of Sales commission u/s 40 (a)(i): ITAT deletes addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-Bangalore-ITAT-Income-Tax-TDS-Tax-Deducted-At-Source-ITAT-TDS-liability-ruling-Taxscan.jpg "No liability to Deduct TDS on Payment made to Wholly-Owned Subsidiary Company in respect of Sales commission u/s 40 (a)(i): ITAT deletes addition [Read Order]")