The Income Tax Appellate Tribunal (ITAT), Delhi bench has held that the hostel fee income received by a charitable Trust imparting education amount to “income from charitable activities” and the same cannot be treated as...
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has recently held that the Maharashtra State Board Technical Education comes within the meaning of “State” under Article 289 of the Constitution of India. For...
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) recently deleted an assessment order passed by the income tax department against Nikon India. The assessee, Nikon India Private Limited, was a wholly-owned subsidiary of...
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has upheld the order of the Commissioner of Income Tax (Appeals) rejecting the appeal memo filed by the assessee since e-filing was not done due...
In a major relief to Air France, the Income Tax Appellate Tribunal (ITAT) has held that the Company is not liable to income tax in India for its services/activities and profit thereof derives from pool...
Dealing with an issue of delay in pronouncing order by the Income Tax Appellate Tribunal (ITAT), the Kolkata bench has held that since such delay was occurred due to lockdown because of COVID-19 pandemic, this...
Vimal Gandhi, the former President of the Income Tax Appellate Tribunal (ITAT) passed away on Sunday at the age of 75, officials of the ITAT said. Gandhi was president of the ITAT from October 31,...
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 Income Tax Appellate Tribunal (ITAT), Delhi bench has held that two entities/persons cannot be subject to tax for the same business turnover as the same is against the provisions of the Income Tax Act,...
The Income Tax Appellate Tribunal (ITAT), Hyderabad bench has recently held that liability to pay capital gain tax would attract despite the fact that the assessee signed a release deed waiving all his rights, title...
Granting relief to EYBGS India Pvt. Ltd, an IT Company, the Income Tax Appellate Tribunal (ITAT), Bangalore bench has held that the amount of voluntary Transfer pricing adjustment shall be eligible for deduction under section...
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has recently held that no addition under the Income Tax Act, 1961 can be made towards the deposit of cash received as a professional fee...
In a significant ruling, the Income Tax Appellate Tribunal (ITAT) has held that depreciation under section 32 of the Income Tax Act, 1961 cannot be allowed on an undivided share of land. The assessee, in...
Overruling the decision of the Commissioner of Income Tax (Exemptions), the Delhi bench of the Income Tax Appellate Tribunal (ITAT) held that the officer cannot reject the plea for registration under section 12AA of the...
In a ruling granting TDS relief to the telecom giants, Vodafone, the Chennai bench of the Income Tax Appellate Tribunal (ITAT) held that TDS provisions under section 194H of the Income Tax Act, 1961 is...
In a significant ruling, the Apex Court, while upholding the view of the High Court held that the satisfaction note by the Assessing Officer(AO) clearly states that the documents so seized belonged to the other...
The Income Tax Appellate Tribunal (ITAT), Delhi bench has held that when a non-resident company files an appeal before the Tribunal, the appeal memo shall be signed and verified by the same person who is...
The Income Tax Appellate Tribunal (ITAT), has recently upheld the proceedings for re-opening of assessment by the income tax department against former Indian Cricket Team Captain Krishnamachari Srikanth. The former Captain, the assessee is now...
The High Court of Delhi held that the impugned order passed by the ITAT suffers from perversity in so far as it refused to allow the assessee to urge the grounds by way of an...
While upholding an order passed by the Commissioner of Income Tax (Appeals), the Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that scrutiny assessment under section 143(2) cannot be passed without serving...
In a significant ruling, the Income Tax Appellate Tribunal (ITAT), Delhi bench has held that the income tax department should allow credit of TDS paid by the society who collects rent on behalf of the...
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