![CBDT Issues Corrigendum for Inclusion of Sec. 43B(h) IT Act Disallowance under Clause 22 of Form 3CD [Read Notification]](https://www.taxscan.in/wp-content/uploads/2024/03/CBDT-CBDT-Issues-Corrigendum-Income-Tax-Disallowance-TAXSCAN.jpg "CBDT Issues Corrigendum for Inclusion of Sec. 43B(h) IT Act Disallowance under Clause 22 of Form 3CD [Read Notification]")
CBDT Issues Corrigendum for Inclusion of Sec. 43B(h) IT Act Disallowance under Clause 22 of Form 3CD [Read Notification]
The Central Board of Direct Taxes ( CBDT ) has issued a corrigendum to include Section 43B(h) disallowance under Clause 22 of Form 3CD. ...
![Income from providing Business Support Services to Indian group entities not taxable as FTS on absence of PE in India Under India-Thailand DTAA: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Delhi-Income-Tax-DTAA-TAXSCAN.jpg "Income from providing Business Support Services to Indian group entities not taxable as FTS on absence of PE in India Under India-Thailand DTAA: ITAT [Read Order]")
![Property Sale regularised in Govt records and covered as Capital Asset u/s 2(14) of Income Tax Act: ITAT disallows Indexed cost of Construction [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Bangalore-Income-Tax-Property-sale-taxscan.jpg "Property Sale regularised in Govt records and covered as Capital Asset u/s 2(14) of Income Tax Act: ITAT disallows Indexed cost of Construction [Read Order]")
![ITAT quashes Reassessment Proceedings initiated on basis of Investigation Report without make Enquiry of Investment in Stock Exchange Transactions [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-Delhi-ITAT-Income-Tax-Investment-in-Stock-Exchange-Transactions-Stock-Exchange-Transactions-Stock-Exchange-Taxscan.jpg "ITAT quashes Reassessment Proceedings initiated on basis of Investigation Report without make Enquiry of Investment in Stock Exchange Transactions [Read Order]")
![Income Tax Dept. fails to File Appeal on time, No Explanation provided for Delay: ITAT dismisses Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Bangalore-Income-Tax-Income-tax-appeal-dismissed-taxscan.jpg "Income Tax Dept. fails to File Appeal on time, No Explanation provided for Delay: ITAT dismisses Appeal [Read Order]")
Income from fixed Deposits of co-operative banks are eligible for Deduction u/s 80P(2)(d) of Income Tax Act: ITAT [Read Order]
The Mumbai bench Income Tax Appellate Tribunal ( ITAT ) held that income from the fixed deposit of cooperative banks are eligible for deduction under Section 80P(2)(d) of Income Tax Act, 1961. In...
![Income from fixed Deposits of co-operative banks are eligible for Deduction u/s 80P(2)(d) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Mumbai-Income-Tax-Fixed-Deposits-Income-Tax-Deduction-taxscan.jpg "Income from fixed Deposits of co-operative banks are eligible for Deduction u/s 80P(2)(d) of Income Tax Act: ITAT [Read Order]")
No Compliance of S. 148A required prior to Issuance of Reassessment Notices u/s 148 of Income Tax Act: Kerala HC [Read Order]
The Kerala High Court has ruled that the requirements outlined in Section 148A of the Income Tax Act, 1961, do not need to be fulfilled prior to issuing notices under Section 148 of the Income Tax...
![No Compliance of S. 148A required prior to Issuance of Reassessment Notices u/s 148 of Income Tax Act: Kerala HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Compliance-Reassessment-Notices-Income-Tax-Act-Kerala-HC-taxscan.jpg "No Compliance of S. 148A required prior to Issuance of Reassessment Notices u/s 148 of Income Tax Act: Kerala HC [Read Order]")
ITAT directs AO to verify Fabricated Financial Statements with respect to Share Application Money in P/L Account [Read Order]
The Chennai bench Income Tax Appellate Tribunal ( ITAT ) recently directed the Assessing Officer ( AO )to verify the fabricated financial statements with respect to share application money in Profit...
![ITAT directs AO to verify Fabricated Financial Statements with respect to Share Application Money in P/L Account [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Chennai-Income-Tax-Financial-Statements-TAXSCAN.jpg "ITAT directs AO to verify Fabricated Financial Statements with respect to Share Application Money in P/L Account [Read Order]")
TDS on Salary paid to all Categories of Doctors shall be covered u/s 194J of Income Tax Act, not Section 192: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) clarified the applicability of Tax Deducted at Source ( TDS ) provisions on salary payments to doctors, determining that such deductions...
![TDS on Salary paid to all Categories of Doctors shall be covered u/s 194J of Income Tax Act, not Section 192: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Delhi-Income-tax-TDS-TDS-on-salary-Doctor-Salary-TDS-Doctor-salary-taxation-taxscan.jpg "TDS on Salary paid to all Categories of Doctors shall be covered u/s 194J of Income Tax Act, not Section 192: ITAT [Read Order]")
Salary paid by Indian Company to Non-Resident for service rendered outside India is not Taxable in India: ITAT [Read Order]
The Delhi bench Income Tax Appellate Tribunal ( ITAT ) held that salary paid by the Indian company to a non-resident for service rendered outside India is not taxable in India. The Assessee...
![Salary paid by Indian Company to Non-Resident for service rendered outside India is not Taxable in India: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Salary-Salary-paid-by-Indian-Company-to-Non-Resident-Indian-Company-ITAT-taxscan.jpg "Salary paid by Indian Company to Non-Resident for service rendered outside India is not Taxable in India: ITAT [Read Order]")
![ITAT directs to compute Income earned from Sale of Property u/s 45(2) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Chennai-Income-tax-Sale-of-Property-Property-sale-income-TAXSCAN.jpg "ITAT directs to compute Income earned from Sale of Property u/s 45(2) of Income Tax Act [Read Order]")
Section 2(22) of Income Tax Act cannot be invoked against Non-Beneficiary Shareholders in company receiving Company Loans: ITAT [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal ( ITAT ) ruled that Section 2 (22) of Income Tax cannot be invoked against Non-Beneficiary Shareholders in company receiving Company Loans. ...
![Section 2(22) of Income Tax Act cannot be invoked against Non-Beneficiary Shareholders in company receiving Company Loans: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Kolkata-Income-tax-Company-Loans-Shareholders-TAXSCAN.jpg "Section 2(22) of Income Tax Act cannot be invoked against Non-Beneficiary Shareholders in company receiving Company Loans: ITAT [Read Order]")