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Classification of Services as FTS under India-Netherlands Tax Treaty: ITAT Rejects Taxability due to Lack of Technology Transfer [Read Order]

Sneha Sukumaran Mullakkal

The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) rejected the taxability of services under the India-Netherlands Tax Treaty, ruling that...

Three-Day Delay in Filing Appeal During COVID Period: ITAT Sets Aside CIT(A) Order [Read Order]

Disallowance of Rs. 31.38 Lakh u/s 37 of Income Tax Act: ITAT Restores Matter to AO [Read Order]

Timely Deposit of Employee PF and ESI Contributions Required for Deduction u/s 36(1)(va) of Income...

AO Disallows PF Contribution for Exceeding 27% of Employer Salary, Neglects Wages Inclusion: ITAT...

ITAT allows Axis Bank’s Rs. 8.3 Cr Interest Expense Claim u/s 14A citing Previous Ruling [Read Order]

The Ahmedabad bench of Income Tax Appellate Tribunal ( ITAT ) allowed the interest expense claim of Rs. 8.3 crore of Axis bank citing both Income tax. The bench ruled in favor of Axis Bank Ltd. on...

Advance payment made to AE’s for Commercial Expediency of Pharmaceutical Business in Foreign Territory subject to ALP u/s 92 of Income Tax Act: ITAT [Read Order]

The Ahmedabad bench Income Tax Appellate Tribunal ( ITAT ) held that advance payment made to associate enterprises for commercial expediency of pharmaceutical business in foreign territory should be...

Assessee deposits Mobile Recharge Sale Proceeds in Dena Bank Account, pays Mobile Companies: ITAT deletes Addition on Unexplained Cash u/s 69 [Read Order]

In a recent ruling the Ahmedabad bench of the Income Tax Appellate Tribunal ( ITAT ) deleted unexplained cash under Section 69 of Income Tax Act, 1961 as the individual deposited mobile recharge sale...

Liability of Directors continue even though after dissolving Company u/s 248(5) of Companies Act: ITAT upholds Notice u/s 148 of Income Tax Act [Read Order]

The Mumbai Bench of the Income Tax Appellate Tribunal ( ITAT ) while upheld the notice issued under Section 148 of the Income Tax Act,1961 observed that liability of directors continues even though...

CA Incorrectly Interpreted Medical Store at hospital run by assessee-trust as “Business” while filing Form 10AB: ITAT directs Readjudication [Read Order]

The Income Tax Appellate Tribunal (ITAT), Ahmedabad bench, while directing readjudication, observed that the chartered accountant of the assessee trust incorrectly interpreted the medical store at...

Penalty can’t be Levied for Disallowance of a Claim which was Debatable and Bonafide: ITAT [Read Order]

While dismissing the appeal filed by the revenue the Chandigarh bench of Income Tax Appellate Tribunal (ITAT) held that if disallowance of claim was debatable and bonafied then no penalty under...