The Income Tax Appellate Tribunal ( ITAT ), Kolkata Bench, has recently, in an appeal filed before it, held that addition of deemed rent cannot be made in respect of non- habitable residential flat. The

The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) comprising Shri Prashant Maharishi, AM and Shri Rahul Chaudhary, JM held that depreciation of 60 % can be allowed to ‘computers including computer software’ under

The Amritsar Bench of Income Tax Appellate Tribunal (ITAT) allowed Section 12A Registration to an Educational Welfare Society as leasehold land and fee concession was verified. An application in Form No.10A was filed by the

The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has recently, in an appeal filed before it, held that the force of attraction rule will not apply, unless there is even a remote link between the

The Income Tax Appellate Tribunal ( ITAT ), Mumbai Bench, has recently in an appeal filed before it, held that no addition shall be made on the ground of typographical error in the Income Tax

The Income Tax Appellate Tribunal (ITAT), Pune Bench, has recently, in appeals filed before it, held that fee under Section 234E of the Income Tax Act is leviable, only for defaults committed after June 1st,

The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has recently, in an appeal filed before it, held that advance amount forfeited on cancellation of sale agreement, is deductible from the cost of acquisition. The aforesaid

The Dehradun Bench of ITAT has held that interest on income tax refund received by a foreign enterprise is not effectively connected to its Permanent Establishment in India and therefore it cannot be taxed as

The Mumbai bench of Income Tax Appellate Tribunal ( ITAT ) while quashing the revision order observed that Standard Operating Procedures guidelines issued by Central Board of Direct Tax ( CBDT ) are not applicable

The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has deleted a penalty order imposed against the actress Preity Zinta. The department has imposed the penalty since the actress failed to explain the incurring

The Income Tax Appellate Tribunal (ITAT), Pune Bench deleted the penalty for failure to comply with a notice. The three appeals were filed by the assessee, M/s. Sun Infrastructure Pvt. Ltd against the confirmation of

The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) held that the CIT(A) cannot enhance taxable income by making disallowance on issues other than covered by limited scrutiny. The assessee, M/s. Arjun Transport Company Private

The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that the interest received from fixed deposit receipt (FDR) is taxable not as income from the business but as other income in Income

The Income Tax Appellate Tribunal (ITAT), Bangalore Bench ruled that Zynga India is no risk company, so risk adjustment should be provided to comparables. The Assessee,  Zynga India is a company registered under the Companies

The Income Tax Appellate Tribunal (ITAT), Jaipur Bench, has recently, in an appeal filed before it, held that once penalty is levied for non-maintenance of book of accounts, no further default is to be imposed