![Failure to submit relevant information to determine Actual Rent on Unfurnished Flat based on value of Furniture and Fittings of Furnished Flats: ITAT upholds Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Failure-submit-relevant-information-Actual-Rent-Unfurnished-Flat-Furniture-Fittings-of-Furnished-Flats-ITAT-upholds-Addition-taxscan.jpg "Failure to submit relevant information to determine Actual Rent on Unfurnished Flat based on value of Furniture and Fittings of Furnished Flats: ITAT upholds Addition [Read Order]")
Failure to submit relevant information to determine Actual Rent on Unfurnished Flat based on value of Furniture and Fittings of Furnished Flats: ITAT upholds Addition [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai bench, while upholding the addition made by the assessing officer, observed that the assessee failed...
![ALP of ESOP Expenses cannot be taken as ‘Nil’ for determining Transfer pricing: ITAT grants relief to Booking.com [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/ALP-of-ESOP-cannot-be-taken-determining-Transfer-pricing-ITAT-grants-Booking.com-TAXSCAN.jpg "ALP of ESOP Expenses cannot be taken as ‘Nil’ for determining Transfer pricing: ITAT grants relief to Booking.com [Read Order]")
![Two FMV cannot be Considered for Same Property on Particular Date: ITAT Directs DVO to Determine FMV [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Two-FMV-Same-Property-Particular-Date-ITAT-Directs-DVO-Determine-FMV-taxscan.jpg "Two FMV cannot be Considered for Same Property on Particular Date: ITAT Directs DVO to Determine FMV [Read Order]")
![Relief to Gemological Institute of America, Indian Subsidiary Operating Independent manner does not Constitute PE: ITAT [Read More]](https://www.taxscan.in/wp-content/uploads/2023/09/Relief-Gemological-Institute-America-Indian-Subsidiary-Operating-Independent-manner-Constitute-PE-ITAT-taxscan.jpg "Relief to Gemological Institute of America, Indian Subsidiary Operating Independent manner does not Constitute PE: ITAT [Read More]")
![Broadcasting Production Right doesnt fall under the Ambit of Royalty under Article 12 of U.S. Treaty: ITAT grants relief to Fox International Channels [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Broadcasting-Production-Ambit-Royalty-U-S-Treaty-ITAT-relief-Fox-International-Channels-TAXSCAN.jpg "Broadcasting Production Right doesnt fall under the Ambit of Royalty under Article 12 of U.S. Treaty: ITAT grants relief to Fox International Channels [Read Order]")
No disallowance of expenditure u/s 14A of Income Tax Act in absence of dividend Income from investments in equities: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) Mumbai bench held that there shall be no disallowance of expenditure under section 14A of Income Tax Act, 1961 in absence of dividend Income from the...
![No disallowance of expenditure u/s 14A of Income Tax Act in absence of dividend Income from investments in equities: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/No-disallowance-expenditure-Income-Tax-Act-absence-dividend-Income-investments-equities-ITAT-TAXSCAN.jpg "No disallowance of expenditure u/s 14A of Income Tax Act in absence of dividend Income from investments in equities: ITAT [Read Order]")
Services Rendered by Indian Company to Non-Resident Assessee on Principal to Principal basis based on Canvasser Agent Agreement not taxable in India: ITAT [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has held that the services rendered by Indian Company to non-resident assessee on principal-to-principal basis based on Canvasser Agent...
![Services Rendered by Indian Company to Non-Resident Assessee on Principal to Principal basis based on Canvasser Agent Agreement not taxable in India: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Services-Rendered-by-Indian-Company-to-Non-Resident-Assessee-on-Principal-to-Principal-Canvasser-Agent-Agreement-taxable-in-India-ITAT-TAXSCAN.jpg "Services Rendered by Indian Company to Non-Resident Assessee on Principal to Principal basis based on Canvasser Agent Agreement not taxable in India: ITAT [Read Order]")
Relief to Reliance Commercial Dealers: 10% TDS Applicable on Payment to FSII for for Availing Training of Pilots, rules ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal held that taxation rate is not to exceed 10% under Article 12 of the DTAA between India and France. The assessee is a company engaged in the...
![Relief to Reliance Commercial Dealers: 10% TDS Applicable on Payment to FSII for for Availing Training of Pilots, rules ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Relief-to-Reliance-Commercial-Dealers-TDS-Applicable-on-Payment-to-FSII-for-for-Availing-Training-of-Pilots-rules-ITAT-TAXSCAN.jpg "Relief to Reliance Commercial Dealers: 10% TDS Applicable on Payment to FSII for for Availing Training of Pilots, rules ITAT [Read Order]")
![No Addition can be made on Unexplained Cash Credit from Sale and Purchase of Shares: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Addition-can-be-made-on-Unexplained-Cash-Credit-Sale-and-Purchase-of-Shares-ITAT-TAXSCAN.jpg "No Addition can be made on Unexplained Cash Credit from Sale and Purchase of Shares: ITAT [Read Order]")
Income Tax Penalty can’t be Levied Even If Audit Carried Out After Receipt of Re-Assessment Notice [Read Order]
The Mumbai Income tax appellate tribunal (ITAT) has recently held that income tax penalty could not be levied even if the audit was carried out after receipt of re-assessment notice. Assessee Lata...
![Income Tax Penalty can’t be Levied Even If Audit Carried Out After Receipt of Re-Assessment Notice [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Income-Tax-Penalty-Audit-Re-Assessment-Notice-TAXSCAN.jpg "Income Tax Penalty can’t be Levied Even If Audit Carried Out After Receipt of Re-Assessment Notice [Read Order]")
![Reasons recorded for Reassessment cannot be Substituted, Added, or Deleted: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Reasons-recorded-Reassessment-ITAT-TAXSCAN-1.jpeg "Reasons recorded for Reassessment cannot be Substituted, Added, or Deleted: ITAT [Read Order]")
![Depreciation at 60% Allowable on Computer Softwares: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Depreciation-Computer-Softwares-ITAT-TAXSCAN.jpg "Depreciation at 60% Allowable on Computer Softwares: ITAT [Read Order]")