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![Mere Transfer of Possession of Land to Developer under MoU not sufficient to prove ‘Sale’: ITAT Quashes Assessment solely based on TDS Statement [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/Possession-of-Land-MoU-ITAT-TDS-Statement-Taxscan-1.jpg "Mere Transfer of Possession of Land to Developer under MoU not sufficient to prove ‘Sale’: ITAT Quashes Assessment solely based on TDS Statement [Read Order]")
Mere Transfer of Possession of Land to Developer under MoU not sufficient to prove ‘Sale’: ITAT Quashes Assessment solely based on TDS Statement [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore bench has recently quashed an assessment merely based on TDS Statement under Form 26AS where the...
![Tribunal’s Power to Review does not include reappreciation of facts and modification of Order: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/Tribunal-Power-to-Review-reappreciation-of-facts-and-modification-of-Order-ITAT-Taxscan.jpeg "Tribunal’s Power to Review does not include reappreciation of facts and modification of Order: ITAT [Read Order]")
![Investment in Penny Stock can’t be a sole ground for Disallowance If Assessee’s Intention was not to make Gain out of Share Transactions: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/Investment-in-Penny-Stock-Share-Transactions-ITAT-Taxscan.jpg "Investment in Penny Stock can’t be a sole ground for Disallowance If Assessee’s Intention was not to make Gain out of Share Transactions: ITAT [Read Order]")
![SCNs be issued by DC or AC of concerned port of Import, pending further clarification: CBIC [Read Circular]](https://www.taxscan.in/wp-content/uploads/2021/04/SCNs-Deputy-Commissioner-Assistant-Commissioner-port-of-Import-CBIC-Taxscan.jpeg "SCNs be issued by DC or AC of concerned port of Import, pending further clarification: CBIC [Read Circular]")
![Software Income can’t be treated as Royalty as per Indo-Singapore DTAA: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/Software-Income-Royalty-Indo-Singapore-DTAA-ITAT-Taxscan.jpg "Software Income can’t be treated as Royalty as per Indo-Singapore DTAA: ITAT [Read Order]")
![Late Deposit of Unutilized Capital Gain: ITAT allows Tax Benefit to Assessee [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/Late-Deposit-Unutilized-Capital-Gain-ITAT-Tax-Benefit-to-Assessee-Taxscan.jpg "Late Deposit of Unutilized Capital Gain: ITAT allows Tax Benefit to Assessee [Read Order]")
Tax Benefit cannot be denied due to Ignorance in mentioning the details of Exemption in the Income Tax Returns: ITAT [Read Order]
“The object of assessment is to determine correct total income of the assessee. Accordingly, I am of the view that the right of the assessee could not be denied merely on accounting of technical...
![Tax Benefit cannot be denied due to Ignorance in mentioning the details of Exemption in the Income Tax Returns: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/Tax-Benefit-Ignorance-Exemption-Income-Tax-Returns-ITAT-Taxscan.jpg "Tax Benefit cannot be denied due to Ignorance in mentioning the details of Exemption in the Income Tax Returns: ITAT [Read Order]")
Byju’s parent company comes under the scanner of GST intelligence wing for alleged Tax Evasion of Rs. 43 crores
The Think & Learn Private Limited (TLPL), the parent of Bengaluru-based Byju’s, reportedly has come under the scanner of the GST intelligence wing for alleged tax Evasion of Rs. 43 crores. The...
