No Price Paid for Acquiring Bonus Shares: ITAT dismisses Valuation of Bonus Shares u/s 55(2)(aa)B of Income Tax Act [Read Order]

No LTCG Liability since Property Sold is Agricultural Land and Placed on Record Computation of Total Income: ITAT deletes Addition of 52.9 Lakhs [Read Order]

ITAT Weekly Round-Up

ITAT directs re-adjudication with respect to LTCG of sold  property which canceled by Civil court [Read Order]

Interconnect usage Payment received by Foreign Company from Indian telecom Operator not Taxable as ‘Royalty’: ITAT [Read Order]

Non-deduction of TDS u/s 195(1) of Income Tax Act, leading to proposed disallowance u/s 40(a)(i) of Income Tax Act: ITAT [Read Order]