The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has granted relief to Netafim holding that the income from Systems Applications and Products in Data Processing(SAP) and Information Technology support services were not in the

The Delhi Bench of Income Tax Appellate Tribunal ( ITAT ) has quashed the reassessment order against the Bharat Sanchar Nigam Ltd ( BSNL ). The Asssessee Bharat Sanchar Nigam Ltd, has filed appeal against

The Delhi Income Tax Appellate Tribunal has recently held that sale of software is not royalty under article 12(3) of Indo –US treaty. Assessee Moogsoft Inc is a non-resident corporate entity, incorporated in the United

The Mumbai Income Tax Appellate Tribunal (ITAT) has recently held that the assessment order passed without complying with the procedure of section 144B of Income Tax Act 1961 is invalid. Section 144B Income Tax Act

The Mumbai Income Tax Appellate Tribunal (ITAT) recently held that market to market loss in forex business has no notional loss which was allowable as expenditure. Assesse JBF Industries Ltd Company is a limited company

The Chennai Bench of Income Tax Appellate Tribunal (ITAT) has held that the capital gain exemption under Section 54F was allowable to the purchase of undivided share of land. The assessee Justice N. Kannadasan, filed

The Chennai Bench of Income Tax Appellate Tribunal (ITAT) has upheld the revision order observing that the Assessing Officer (AO) had failed to conduct investigation regarding cash deposits during the demonetisation period.  The AO while framing

In a recent judgement, the Madras High Court (HC) held that the assessment order passed before the submission of documents by the assessee is a gross violation of the natural justice principle. KPL Assets LLP,

The Income Tax Appellate Tribunal ( ITAT ), Delhi Bench, has recently, in an appeal filed before it, held that late fee u/s 234E, is not leviable for belated filing of TDS statements, filed prior

The Mumbai bench of Income Tax Appellate Tribunal (ITAT) held that the trust was not eligible for section 12AB registration under pre amended deed. The assessee, Nenawat Chhogmal Jethamal Jain Memorial trust was granted provisional

The Supreme Court of India, while considering a plea by the Madras Bar Association, allowed the extension of the tenure of an Income Tax Appellate Tribunal ( ITAT ) member to continue till the age

In a recent judgement the Calcutta High Court (HC) has held that the notice under section 148A(b) of the Income Tax Act, 1961 issued against a non-existing entity is not valid. Orbit Projects Private Limited,

The beneficiary plans were made available to ICAI members by the committee and the Institute of Chartered Accountants of India (ICAI). Four new different insurance options were provided to the members for their wellbeing. The

The Chennai Bench of Income Tax Appellate Tribunal (ITAT) recently held that the valid satisfaction is required to initiate reopening of assessment under section148 of Income Tax Act. The assessee,RamdossRamvijay Kumar filed his return of

The Delhi Bench of Income Tax Appellate Tribunal ( ITAT ) has held that no addition could be made under Section 153C of the Income Tax Act 1961 as the dumb documents found from the