Form 12BB: Things to know about Investment Declaration tool for Tax Saving
Investment declaration guide: With the onset of tax season, employees are required to declare their investments and expenses to their employers for...
![Delhi HC Sets Aside Deduction of Tax Exempted Allowance in Insurance Amount Awarded By MACT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Delhi-High-Court-Deduction-of-Tax-Allowance-Insurance-Amount-Awarded-MACT-taxscan.webp "Delhi HC Sets Aside Deduction of Tax Exempted Allowance in Insurance Amount Awarded By MACT [Read Order]")
![No Disallowance to Chargeable sum paid to Foreign Company without Deduction of Tax: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Disallowance-to-Chargeable-sum-Foreign-Company-Deduction-of-Tax-ITAT-Taxscan.jpg "No Disallowance to Chargeable sum paid to Foreign Company without Deduction of Tax: ITAT [Read Order]")
![Payment for Interconnection not fees on Technical Service u/s 194J, No TDS deductible on Payment of Roaming Charges: ITAT rules in favour of Vodafone Idea [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Payment-for-Interconnection-Technical-Service-TDS-deductible-Payment-of-Roaming-Charges-ITAT-Vodafone-Idea-Taxscan.jpg "Payment for Interconnection not fees on Technical Service u/s 194J, No TDS deductible on Payment of Roaming Charges: ITAT rules in favour of Vodafone Idea [Read Order]")
![No TDS on Wastage of Gold during Jewellery Creation as Making Charges: ITAT deletes Disallowance [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/TDS-Wastage-of-Gold-wastage-Gold-jewellery-Jewellery-Creation-Making-Charges-ITAT-Disallowance-taxscan.jpg "No TDS on Wastage of Gold during Jewellery Creation as Making Charges: ITAT deletes Disallowance [Read Order]")
Penalty u/s 271C based on Mere Assumption without Supporting Evidence is Invalid: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) held that penalty u/s 271C of the Income Tax Act,1961 based on mere assumption without supporting evidence is not sustainable hence it is...
![Penalty u/s 271C based on Mere Assumption without Supporting Evidence is Invalid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Penalty-assumption-supporting-evidence-ITAT-taxscan.jpg "Penalty u/s 271C based on Mere Assumption without Supporting Evidence is Invalid: ITAT [Read Order]")
Provision mandating furnishing of PAN with E-TDS has Overriding Effect: ITAT upholds Applicability of S. 206AA on Payments under Oral Agreements [Read Order]
The Visakhapatnam Bench Income Tax Appellate Tribunal (ITAT) has held that the provision mandating furnishing of PAN with E-TDS has an overriding effect and upholds the applicability of section 206AA...
![Provision mandating furnishing of PAN with E-TDS has Overriding Effect: ITAT upholds Applicability of S. 206AA on Payments under Oral Agreements [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Provision-PAN-E-TDS-ITAT-Payments-Agreements-taxscan.jpeg "Provision mandating furnishing of PAN with E-TDS has Overriding Effect: ITAT upholds Applicability of S. 206AA on Payments under Oral Agreements [Read Order]")
Provision mandating furnishing of PAN with E-TDS has Overriding Effect: ITAT upholds Applicability of S. 206AA on Payments under Oral Agreements [Read Order]
The Visakhapatnam Bench Income Tax Appellate Tribunal (ITAT) has held that the provision mandating furnishing of PAN with E-TDS has an overriding effect and upholds the applicability of section 206AA...
![Provision mandating furnishing of PAN with E-TDS has Overriding Effect: ITAT upholds Applicability of S. 206AA on Payments under Oral Agreements [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Provision-mandating-furnishing-PAN-E-TDS-Overriding-Effect-ITAT-Payments-Oral-Agreements-Taxscan.jpeg "Provision mandating furnishing of PAN with E-TDS has Overriding Effect: ITAT upholds Applicability of S. 206AA on Payments under Oral Agreements [Read Order]")
Difference in MRP and Price sold to Stockists do not constitute ‘Commission’, No TDS: ITAT [Read Order]
The Pune bench of the Income Tax Appellate Tribunal (ITAT), Pune bench has held that the difference between the MRP and the price sold to Stockists, cannot be considered as commission or brokerage...
![Difference in MRP and Price sold to Stockists do not constitute ‘Commission’, No TDS: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/MRP-and-Price-Stockists-constitute-Commission-TDS-ITAT-Taxscan.jpeg "Difference in MRP and Price sold to Stockists do not constitute ‘Commission’, No TDS: ITAT [Read Order]")
Assessee is entitled for deduction u/s 43B of the Income Tax Act to the interest on loan waived by bank in one time settlement: Madras HC [Read Order]
The division bench of Madras High Court upheld the decision of ITAT holding that the assessee is entitled for deduction under Section 43B of the Income Tax Act with respect to the interest on loan...
