Income Tax
assessee - exemption - transfer land - Taxscan
8:52 pm

Transfer of Land to Holding Company exempted from Capital Gain Tax: Madras HC [Read Judgment]

Income Tax Department - assessment - Company - Strike Off Company - Taxscan

Striking off the Name of Company from RoC can’t impact Assessment if no documents submitted to strike off the name from Income Tax Department: Madras HC

depreciation - ITAT - Taxscan

Depreciation allowable on Goodwill from Acquisition of Business Unit: ITAT grants relief to DHL Logistics

Expenditure incurred - Renovation - redecoration - revenue expenditure - capital expenditure - Taxscan

Expenses for Renovation and Redecoration of Hotel Rooms constitute Revenue Expenditure: Madras HC

Patanjali - Principal Chief Commissioner Income Tax - Taxscan

Shri Patanjali, IRS (1986) assumes charge as Principal Chief Commissioner of Income Tax, Mumbai

ITAT - disallowance - Max Medical Services - lease rental - Maintenance Charge- ITAT Mumbai - Taxscan

ITAT deletes Disallowance by AO against Max Medical Services on the revised basis of rate of charging Lease Rental and Maintenance Charge

IBM India - ITAT - ITR - interest - Taxscan

IBM India liable to pay interest for delay in filing ITR on incremental income pursuant to APA: ITAT

carbon credits - capital receipt - revenue receipt - ITAT - Taxscan

Entitlement earned for Carbon Credits is a Capital Receipt, can’t be taxed as Revenue Receipt: ITAT

disallowance discounts - Rebate - Agreements - MOUs - ITAT - Taxscan

Disallowance of Discounts/Rebate to Holding Company: ITAT directs to verify genuineness of Agreements/MOUs

CBDT - MAP - taxpayers - mutual agreement - Taxscan

CBDT issues MAP Guidance for benefit of Taxpayers, Tax Practitioners, Tax Authorities and CAs of India and of Treaty Partners

ITAT - AO - AMP transactions - Taxscan

Relief to Xerox India: ITAT directs AO to delete adjustment made on account of AMP Transactions

State Bank of Bikaner - CESTAT - service tax - Taxscan

No Service Tax on Indian Bank acting as Mediator between Indian Exporter and Foreign Banker representing Foreign Importer: CESTAT [Read Order]

Flemingo Travel - ITAT - Penalty- Taxscan

Relief to Flemingo Travel Retail Limited: ITAT quashes Penalty of Rs.2.26 Cr [Read Order]

Microsoft - ITAT -rate depreciation - furniture -Taxscan

ITAT confirms 10% as a Rate of Depreciation on furniture & fixtures against Microsoft Corporation’s claim of 15%

ITAT - CSR - Income Tax Act - Goldman Sachs - Taxscan

CSR may qualify for Deduction under Section 80G of Income Tax Act: ITAT grants relief to Goldman Sachs

tribunal - AO - assessee - Madras High Court - Taxscan

Tribunal failed to issue specific directions to AO as to what has to be done after the assessee files the working sheet: Madras HC

Business Income - Property - SEZ - industrial park - Madras High Court - Taxscan

Income from Letting out of Property along with other facilities in an Industrial Park / SEZ is Business Income: Madras High Court

Contractors performing - ITAT - Taxscan

Contractors performing work in the nature of Developer-cum-Contractor eligible for Deduction u/s 80A even after Amendment: ITAT

Assessing Officer - Madras High Court - Power Reassess - Income Tax - power review - Taxscan

Assessing Officer has no Power to Review but has Power to Reassess: Madras High Court [Read Judgment]

individual member - ITAT - Gold - Family - Taxscan

No Addition against Individual Member If It is agreed that the Gold belongs to Whole Family: ITAT

business loss - expenditure - ITAT - Mutual Fund -Taxscan

Business Loss can’t be equated with Expenditure: S. 115JB doesn’t cover Loss incurred in redemption of Mutual Fund, says ITAT

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