![Failure of Assessee to offer Income on sale of Residential House neither in Original ITR or Return filed in response to Notice u/s 148: ITAT sustains Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Assessee-to-offer-Income-on-sale-of-Residential-House-ITR-Return-response-to-Notice-ITAT-TAXSCAN.jpg "Failure of Assessee to offer Income on sale of Residential House neither in Original ITR or Return filed in response to Notice u/s 148: ITAT sustains Addition [Read Order]")
Failure of Assessee to offer Income on sale of Residential House neither in Original ITR or Return filed in response to Notice u/s 148: ITAT sustains Addition [Read Order]
The Pune bench of the Income Tax Appellate Tribunal (ITAT) sustained the addition and held that the failure of the assessee to offer income on the...
![Assessees case not being represented before authorities for registration of e-mail of replaced chartered accountant deserves another opportunity: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Assessees-case-registration-e-mail-replaced-chartered-accountant-another-opportunity-ITAT-taxscan.jpg "Assessees case not being represented before authorities for registration of e-mail of replaced chartered accountant deserves another opportunity: ITAT [Read Order]")
![Deduction towards Remuneration of Partners, Not covered within Scope of Limited Scrutiny: ITAT Quashes Revision Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Deduction-towards-Remuneration-of-Partners-Not-covered-within-Scope-of-Limited-Scrutiny-ITAT-Quashes-Revision-Order-TAXSCAN.jpg "Deduction towards Remuneration of Partners, Not covered within Scope of Limited Scrutiny: ITAT Quashes Revision Order [Read Order]")
![Amount of Subsidy received towards Investment made in expansion of Industrial unit shall be Characterized as Capital receipt: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Amount-of-Subsidy-received-Investment-made-in-expansion-of-Industrial-unit-Amount-of-Subsidy-expansion-of-Industrial-unit-Capital-receipt-ITAT-taxscan.jpg "Amount of Subsidy received towards Investment made in expansion of Industrial unit shall be Characterized as Capital receipt: ITAT [Read Order]")
![Engineering and Development costs incurred for manufacture and sale of Seats for Passenger cars are Revenue Expenditure :ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Engineering-and-Development-costs-incurred-for-manufacture-and-sale-of-Seats-for-Passenger-cars-are-Revenue-Expenditure-ITAT-TAXSCAN-1.jpg "Engineering and Development costs incurred for manufacture and sale of Seats for Passenger cars are Revenue Expenditure :ITAT [Read Order]")
Share Capital Credited through Journal Entries are not Unexplained Share Capital : ITAT upholds deletion of addition u/s 68 of Income Tax Act [Read Order]
The Pune bench of Income Tax Appellate Tribunal (ITAT) has held that share capital credited through the journal entries are not unexplained share capital. The bench upheld the deletion of addition...
![Share Capital Credited through Journal Entries are not Unexplained Share Capital : ITAT upholds deletion of addition u/s 68 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Share-Capital-Credited-through-Journal-Entries-are-not-Unexplained-Share-Capital-ITAT-upholds-deletion-of-addition-Income-Tax-Act-TAXSCAN.jpg "Share Capital Credited through Journal Entries are not Unexplained Share Capital : ITAT upholds deletion of addition u/s 68 of Income Tax Act [Read Order]")
TDS on Interest on Bank Deposit cannot be denied due to Non-Submission of Statement by Wife while Clubbing Income: ITAT [Read Order]
The Pune Bench of Income Tax Appellate Tribunal (ITAT) has held that Tax Deduction at Source on interest on bank deposit could not be denied due to non-submission of statement by wife while clubbing...
![TDS on Interest on Bank Deposit cannot be denied due to Non-Submission of Statement by Wife while Clubbing Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/TDS-TDS-on-Interest-Bank-Deposit-Non-Submission-of-Statement-Wife-Clubbing-Income-Income-ITAT-Income-Tax-taxscan.jpg "TDS on Interest on Bank Deposit cannot be denied due to Non-Submission of Statement by Wife while Clubbing Income: ITAT [Read Order]")
Interest Allowable to Delay in Refund in case of Self-Assessed Tax u/s 244A(1) of Income Tax Act: ITAT [Read Order]
Pune bench of Income Tax Appellate Tribunal (ITAT) ruled that interest is allowed to delay in refund in self-assessment tax under section 244A(1) of Income Tax Act, 1961. The appeal was filed by...
![Interest Allowable to Delay in Refund in case of Self-Assessed Tax u/s 244A(1) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Interest-Refund-Self-Assessed-Tax-us-244A1-Income-Tax-Act-ITAT-TAXSCAN.jpg "Interest Allowable to Delay in Refund in case of Self-Assessed Tax u/s 244A(1) of Income Tax Act: ITAT [Read Order]")
![Income from IT Support Services and Software License not chargeable to Tax: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Income-IT-support-services-software-license-tax-ITAT-taxscan.jpeg "Income from IT Support Services and Software License not chargeable to Tax: ITAT [Read Order]")
Income from Sale of Software License can’t be treated as ‘Royalty’ under Indo-US DTAA: ITAT grants Relief to Ansys [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune bench has held that the income from the sale of software license cannot be treated as “royalty” for the purpose of the Income Tax Act, 1961. The...
![Income from Sale of Software License can’t be treated as ‘Royalty’ under Indo-US DTAA: ITAT grants Relief to Ansys [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/06/Software-License-Royalty-Indo-US-DTAA-ITAT-Ansys-Taxscan.jpg "Income from Sale of Software License can’t be treated as ‘Royalty’ under Indo-US DTAA: ITAT grants Relief to Ansys [Read Order]")
TPA made at entity level should be restricted to international transactions only: ITAT grants Partial Relief to Tasty Bite Eatables [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune Bench ruled that the Transfer Pricing Adjustment (TPA) made at entity level should be restricted to international transactions only. The assessee,...
![TPA made at entity level should be restricted to international transactions only: ITAT grants Partial Relief to Tasty Bite Eatables [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/06/TPA-ITAT-Tasty-Bite-Eatables-Taxscan.jpg "TPA made at entity level should be restricted to international transactions only: ITAT grants Partial Relief to Tasty Bite Eatables [Read Order]")
Amount relatable to Profit Component which is appropriation of Income, can’t be allowed as Deduction: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune Bench ruled that the amount relatable to the profit component which is the appropriation of income, can not be allowed as deduction. The assessee,...
![Amount relatable to Profit Component which is appropriation of Income, can’t be allowed as Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/05/appropriation-of-income-deduction-ITAT-Taxscan.jpg "Amount relatable to Profit Component which is appropriation of Income, can’t be allowed as Deduction: ITAT [Read Order]")