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Assessment Order can’t erroneous merely for reason that PCIT doesn’t agree with view taken by AO: ITAT grants relief to Tata Housing
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench ruled that the Assessment order sought to be revised does not suffer from error merely for the...
![Disallowance of Rental Expenses merely as per the Leave and License Agreement can’t be Sustained: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2019/12/Rental-Expenses-ITAT-Taxscan.jpg "Disallowance of Rental Expenses merely as per the Leave and License Agreement can’t be Sustained: ITAT [Read Order]")
![Excess Expenditure can’t be allowed since Interest bearing Loans were Utilized to Advances Interest Free Loans: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/01/Expenditure-Taxscan.jpg "Excess Expenditure can’t be allowed since Interest bearing Loans were Utilized to Advances Interest Free Loans: ITAT [Read Order]")
![Interest Income from Capital Gains Bonds is Taxable as Other Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/02/Capital-Gain-Bonds-Taxscan.jpg "Interest Income from Capital Gains Bonds is Taxable as Other Income: ITAT [Read Order]")
![Profit Earned by Pharmacy Shop in the Hospital cannot be Taxed, rules ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/12/Hospital-Taxscan.jpg "Profit Earned by Pharmacy Shop in the Hospital cannot be Taxed, rules ITAT [Read Order]")
CIDCO not Liable to pay Tax for the Income Earned by it as an Agent of Maharashtra Govt: ITAT [Read Order]
While granting relief to CIDCO Limited, the Mumbai bench of Income Tax Appellate Tribunal (ITAT) held that the Company is not liable to pay tax for the income earned since it is working as an agent of...
![CIDCO not Liable to pay Tax for the Income Earned by it as an Agent of Maharashtra Govt: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/01/CIDCO-Taxscan.jpg "CIDCO not Liable to pay Tax for the Income Earned by it as an Agent of Maharashtra Govt: ITAT [Read Order]")