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![Penalty under Wealth Tax Act can’t be levied without any specific findings: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/06/Penalty-Wealth-Tax-Act-ITAT-Taxscan.jpeg "Penalty under Wealth Tax Act can’t be levied without any specific findings: ITAT [Read Order]")
Penalty under Wealth Tax Act can’t be levied without any specific findings: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Rajkot Bench held that the penalty under Wealth Tax Act can not be levied without any specific findings. ...
![Disallowance made for Exempted Income not to be added for Computation of Book Profit: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/05/Exempted-Income-book-profit-ITAT-Taxscan.jpg "Disallowance made for Exempted Income not to be added for Computation of Book Profit: ITAT [Read Order]")
![ITAT quashes Reopening of Assessment against Red Hat India [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/ITAT-assessment-Red-Hat-India-Taxscan.jpg "ITAT quashes Reopening of Assessment against Red Hat India [Read Order]")
![ITAT restricts the disallowance to the Accommodation entries [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/ITAT-disallowance-accommodation-entries-Taxscan.jpg "ITAT restricts the disallowance to the Accommodation entries [Read Order]")
![ITAT deletes Addition of Rs.24.35 Cr on account of Unexplained Cash Credit [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/ITAT-Unexplained-Cash-Credit-Taxscan.jpg "ITAT deletes Addition of Rs.24.35 Cr on account of Unexplained Cash Credit [Read Order]")
Refunded excess amount of Remuneration as per provisions of Companies Act, 1956, can’t be held as Income of Assessee: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad bench held that refunded excess amount of remuneration as per provisions of Companies Act, 1956, could not be held as income of the assessee. ...
![Refunded excess amount of Remuneration as per provisions of Companies Act, 1956, can’t be held as Income of Assessee: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/01/excess-amount-of-remuneration-provisions-of-Companies-Act-income-of-assessee-ITAT-Taxscan.jpg "Refunded excess amount of Remuneration as per provisions of Companies Act, 1956, can’t be held as Income of Assessee: ITAT [Read Order]")
Income From Cloud Hosting Services not Taxable under the head ‘Royalty', rules ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai has ruled that, Income From Cloud Hosting Services not Taxable under the head ‘Royalty'. Rackspace, US Inc., the assessee, is a company incorporated in...
![Income From Cloud Hosting Services not Taxable under the head ‘Royalty, rules ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/02/Cloud-Hosting-Services-Income-Not-Taxable-Royalty-Taxscan.jpg "Income From Cloud Hosting Services not Taxable under the head ‘Royalty, rules ITAT [Read Order]")