![Assessee unaware of Notices being issued in Income Tax Portal: ITAT provides another Opportunity [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Assessee-unaware-of-Notices-Income-Tax-Portal-ITAT-Opportunity-TAXSCAN.jpg "Assessee unaware of Notices being issued in Income Tax Portal: ITAT provides another Opportunity [Read Order]")
Assessee unaware of Notices being issued in Income Tax Portal: ITAT provides another Opportunity [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) granted another opportunity to the assessee as he was unaware of the notices that were...
![Director being not Beneficiary cannot be Assignee under Keyman Insurance Policy: ITAT allows Deduction u/s 57 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Director-Beneficiary-Assignee-Keyman-Insurance-Policy-ITAT-Deduction-Income-Tax-Act.jpg "Director being not Beneficiary cannot be Assignee under Keyman Insurance Policy: ITAT allows Deduction u/s 57 of Income Tax Act [Read Order]")
![Consideration for Transfer of Goodwill Taxable as Capital Gain: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Consideration-Transfer-Goodwill-Taxable-Capital-Gain-ITAT-taxscan.jpg "Consideration for Transfer of Goodwill Taxable as Capital Gain: ITAT [Read Order]")
![ITAT sets aside order of CIT(A) for prevention of any dispute arising out of applicability of Section 68 in favor of natural justice [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/ITAT-sets-aside-order-of-CITA-for-prevention-of-any-dispute-arising-out-of-applicability-favor-of-natural-justice-TAXSCAN-1.jpg "ITAT sets aside order of CIT(A) for prevention of any dispute arising out of applicability of Section 68 in favor of natural justice [Read Order]")
Technical know-how fee received by Bajaj Auto ltd. fall under category of Royalty and is eligible for deduction u/s 80-O of Income Tax Act: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) held that the technical know-how fee received by Bajaj Auto Ltd. falls under the category of royalty and hence is eligible for deduction...
![Technical know-how fee received by Bajaj Auto ltd. fall under category of Royalty and is eligible for deduction u/s 80-O of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Technical-fee-Bajaj-Auto-ltd-Royalty-eligible-deduction-Income-Tax-Act-ITAT-TAXSCAN.jpg "Technical know-how fee received by Bajaj Auto ltd. fall under category of Royalty and is eligible for deduction u/s 80-O of Income Tax Act: ITAT [Read Order]")
Form 3CM and Form 3CL issued by DSIR is not mandatory for allowing deduction u/s 35(1)(i) of Income Tax Act: ITAT quashes Revision Order [Read Order]
The Income Tax Appellate Tribunal (ITAT) Mumbai held that Form 3CM and Form 3CL issued by DSIR is not mandatory for allowing deduction under Section 35(1)(i) of Income Tax Act, 1961.Thus the bench...
![Form 3CM and Form 3CL issued by DSIR is not mandatory for allowing deduction u/s 35(1)(i) of Income Tax Act: ITAT quashes Revision Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Form-3CM-and-Form-3CL-issued-by-DSIR-deduction-Income-Tax-Act-ITAT-quashes-Revision-Order-TAXSCAN.jpg "Form 3CM and Form 3CL issued by DSIR is not mandatory for allowing deduction u/s 35(1)(i) of Income Tax Act: ITAT quashes Revision Order [Read Order]")
Change in Shareholding Pattern of same Shareholders having 51% of Voting Power won't attract provision of Section 79 of IT Act: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) held that change in the shareholding pattern of the same shareholders having 51% of the voting power won’t attract the provision of...
![Change in Shareholding Pattern of same Shareholders having 51% of Voting Power wont attract provision of Section 79 of IT Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Change-Shareholding-Pattern-Voting-Power-attract-provision-ITAT-TAXSCAN.jpg "Change in Shareholding Pattern of same Shareholders having 51% of Voting Power wont attract provision of Section 79 of IT Act: ITAT [Read Order]")
![Re-Assessment based on ground of Mere Change of Opinion Not Permitted under Law: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Re-Assessment-Mere-Law-ITAT-TAXSCAN.jpg "Re-Assessment based on ground of Mere Change of Opinion Not Permitted under Law: ITAT [Read Order]")
Lease Rental Income earned from Associated Enterprises Not “Royalty” as per Indo-US DTAA: ITAT [Read Order]
The Mumbai Income Tax Appellate Tribunal ITAT has recently held that lease rental income earned from associated enterprises has no royalty as per Indo-US Direct Tax Avoidance Agreement (DTAA). ...
![Lease Rental Income earned from Associated Enterprises Not “Royalty” as per Indo-US DTAA: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Rental-Income-Associated-Enterprises-Royalty-Indo-US-DTAA-ITAT-TAXSCAN.jpg "Lease Rental Income earned from Associated Enterprises Not “Royalty” as per Indo-US DTAA: ITAT [Read Order]")
Income Tax Penalty u/s 271(1)(c)cannot be Levied based on Information from Outside Agency/ Dept: ITAT [Read Order]
In a recent ruling, the Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that income tax penalty under section 271(1)(c) cannot be levied based on Information from outside...
![Income Tax Penalty u/s 271(1)(c)cannot be Levied based on Information from Outside Agency/ Dept: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Income-Tax-Penalty-Information-Outside-Agency-Dept-ITAT-TAXSCAN.jpg "Income Tax Penalty u/s 271(1)(c)cannot be Levied based on Information from Outside Agency/ Dept: ITAT [Read Order]")