In a major relief to Dell International Services India Private Limited, the Income Tax Appellate Tribunal (ITAT), Bangalore Bench allowed the benefit of deduction under Section 10A of Income Tax Act for amounts settled under...
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT), while dismissing an appeal by the assessee in view of filing Vivad Se Vishwas Scheme 2020, stated that the assessee can recall the dismissal order...
The Income Tax Appellate Tribunal (ITAT), Bangalore ruled that outstanding sum of invoices is akin to the loan advanced by the assessee to foreign AE, so it is an international transaction as per explanation to...
The Bangalore bench of the Income Tax Appellate Tribunal ( ITAT ) has recently allowed a deduction under section 10A of the Income Tax Act, 1961 towards the claim of Yahoo Software Development Pvt. Ltd....
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) has held that the intention of the assessee during letting out of the property is significant to determine whether such income is taxable as rental...
While granting relief to Lenovo, the Bangalore bench of the Income Tax Appellate Tribunal (ITAT) held that the warrant expenses should be deducted from the book profit under Section 115JB of the Income Tax Act,...
The Income Tax Appellate Tribunal (ITAT), Bangalore has last week held that the provision for gratuity can be deducted from the book profit under Section 115JB of the Income Tax Act, 1961. The only remaining...
The Income Tax Appellate Tribunal (ITAT), Bangalore bench has held that once partition is completed and the HUF is dissolved, such HUF cannot be taxed even for an earlier year when the income was received...
The Bangalore bench of the Income Tax Appellate Tribunal ( ITAT ), on Friday deleted the penalty proceedings initiated by the tax department against the State bank of India ( SBI ) for not deducting...
In a major relief to the IPL Company, Royal Challengers Sports Pvt Ltd, the Income Tax Appellate Tribunal (ITAT) allowed tax deduction to its’ contribution of 15 crores towards the development of Karnataka Cricket Academy....
The Bangalore Bench of the Income Tax Appellate Tribunal ( ITAT ) in the case of M/s Google India Pvt. Ltd. v. The Assistant Commissioner of Income Tax held that no penalty can be levied...
The Bangalore Bench of the ITAT has recently granted relief to the e-com giants Flipkart India by deleting the additions made by the tax department. While completing assessment proceedings against the assessee, the Assessing Officer...
The Income Tax Appellate Tribunal (ITAT), Bangalore has held that the deduction from capital gain under section 54F of the Income Tax Act is allowable on the cost of construction of the additional floors in...
The Income Tax Appellate Tribunal (ITAT), Bangalore has held that the income received from the sale of cocoons is not agricultural income and therefore, the same is taxable as “Income from Other Sources” under the...
The benefit of the capital gain exemption cannot be denied to a taxpayer on the ground that the income tax return is not filed declaring such income, said the Income Tax Appellate Tribunal (ITAT), Bangalore...
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) has refused to recall its order passed in last year April holding in favour of the E-commerce giants Flipkart wherein the Tribunal quashed a109.52 crore...
The Bangalore bench of the Income Tax Appellate Tribunal ( ITAT ) said that, Tribunal can extend stay If Non-disposal of appeal is not attributable to the assessee. The application was filed by the assessee...
In a significant ruling regarding taxation of receipts of carbon credit, the Income Tax Appellate Tribunal (ITAT), Bangalore has held that the addition made by adopting receipt from carbon credit of earlier years as the...
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT), while disposing a stay petition, asked Google India to pay Rs. 500 Crores in Three Installments. The income tax department had made additions against the...
The Income Tax Appellate Tribunal (ITAT), Bangalore bench, while dismissing a Miscellaneous Petition by the income tax department, has reiterated that the Google Ireland taxable in India for the advertisements directly placed by the advertisers...
The Income Tax Appellate Tribunal (ITAT), Bangalore bench has asked the Assessing Officer to re-consider a claim for deduction under Section 54F of the Income Tax Act, 1961 where the anme of the wife was...
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