![Assessment Order under OVAT Act consequent to Audit Visit Report is not valid: Orissa HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Assessment-Order-OVAT-Act-Audit-Visit-Report-Orissa-High-Court-taxscan.jpg "Assessment Order under OVAT Act consequent to Audit Visit Report is not valid: Orissa HC [Read Order]")
Assessment Order under OVAT Act consequent to Audit Visit Report is not valid: Orissa HC [Read Order]
In a recent ruling, the High Court of Orissa held that the assessment order passed under Orissa Value Added Tax Act, 2004 (OVAT Act) consequent to...
![Relief to Sony Pictures Networks: ITAT grants extension of stay of demand for a further period of 180 days [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/Relief-Sony-Pictures-Networks-ITAT-extension-of-stay-of-demand-Taxscan.jpg "Relief to Sony Pictures Networks: ITAT grants extension of stay of demand for a further period of 180 days [Read Order]")
![ITAT directs AO to allow set off of Capital Loss carried forward against Capital Gains earned [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/01/ITAT-AO-capital-loss-capital-gains-Taxscan.jpg "ITAT directs AO to allow set off of Capital Loss carried forward against Capital Gains earned [Read Order]")
![Cess paid can be deducted while computing Income chargeable under the head Profits and Gains of Business or Profession: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/12/Cess-computing-income-profits-gains-of-business-ITAT-Taxscan-1.jpg "Cess paid can be deducted while computing Income chargeable under the head Profits and Gains of Business or Profession: ITAT [Read Order]")
![Expenditures required to be reduced from Export Turnover u/s 10A should also be reduced from Total Turnover: ITAT grants relief to TCS [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/11/Tata-Consultancy-Services-Expenditures-Export-Turnover-Turnover-ITAT-TCS-Taxscan.jpg "Expenditures required to be reduced from Export Turnover u/s 10A should also be reduced from Total Turnover: ITAT grants relief to TCS [Read Order]")
Notional Interest Income on Loan, would be assessable as Income of assessee having Business Connection/PE in India: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai held that the notional interest income on the loan (interest-free) that was advanced by the assessee to its AE in relation to Abacus Distribution...
![Notional Interest Income on Loan, would be assessable as Income of assessee having Business Connection/PE in India: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/07/notional-interest-income-assessee-loan-ITAT-Taxscan.jpg "Notional Interest Income on Loan, would be assessable as Income of assessee having Business Connection/PE in India: ITAT [Read Order]")
See-through approach u/s 9(1)(i) not available under Article 13(5) of India Belgium Treaty: ITAT [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal in the case of Sofina S.A. v ACIT held that unilateral amendment brought via ‘Explanation 5’ to Sec. 9(1)(i) of the I.T. Act cannot be read into the...
![See-through approach u/s 9(1)(i) not available under Article 13(5) of India Belgium Treaty: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/04/India-Belgium-Treaty-Taxscan.jpeg "See-through approach u/s 9(1)(i) not available under Article 13(5) of India Belgium Treaty: ITAT [Read Order]")
ITAT Grants Relief to Shah Rukh Khan: Deletes Penalty on his Bona Fide belief of Non-Taxability of Dubai Villa [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal (ITAT) recently granted relief to Bollywood Film Actor Shah Rukh Khan by removing the penalty imposed by the Assessing Officer (A.O.) under Section...
![ITAT Grants Relief to Shah Rukh Khan: Deletes Penalty on his Bona Fide belief of Non-Taxability of Dubai Villa [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/05/Shah-Rukh-Khan-Taxscan.jpg "ITAT Grants Relief to Shah Rukh Khan: Deletes Penalty on his Bona Fide belief of Non-Taxability of Dubai Villa [Read Order]")