An Interplay - Income Tax Search and Seizure and Income Tax Settlement Commission
Chapter XIX-A of the Act pertains to the settlement of cases. Under sub-section (1) of section 245C of the Act, an assessee at any stage of a case...
![AO wrongfully assumed the jurisdiction and passed the final assessment order without passing a draft assessment order: Delhi HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/12/AO-jurisdiction-final-assessment-order-assessment-order-Delhi-High-Court-Taxscan.jpg "AO wrongfully assumed the jurisdiction and passed the final assessment order without passing a draft assessment order: Delhi HC [Read Judgment]")
![Capital Gain Deduction allowable for Purchase of House Property Abroad: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/12/Capital-Deduction-Purchase-House-Property-Abroad-ITAT-Taxscan.jpg "Capital Gain Deduction allowable for Purchase of House Property Abroad: ITAT [Read Order]")
![Maharashtra GST dept. issues General Procedure for GST Audits [Read Circular]](https://www.taxscan.in/wp-content/uploads/2020/12/Maharashtra-GST-dept-GST-Audits-GST-Taxscan.jpg "Maharashtra GST dept. issues General Procedure for GST Audits [Read Circular]")
![No Tax on Compensation received for loss of Trees: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/12/tree-Tax-Compensation-loss-of-Trees-ITAT-Taxscan.jpeg "No Tax on Compensation received for loss of Trees: ITAT [Read Order]")
![ITAT disallows Depreciation on Non-Competition Fee [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/12/ITAT-Depreciation-Non-Competition-Fee-Taxscan.jpg "ITAT disallows Depreciation on Non-Competition Fee [Read Order]")
Delhi High Court directs issuance of a lower withholding TDS certificate to British Airways [Read Order]
The Delhi High Court directed the authority to issue Certificate for deduction at lower rates to British Airways. The Petitioner, British Airways PLC is a foreign company, incorporated under the...
![Delhi High Court directs issuance of a lower withholding TDS certificate to British Airways [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/12/BA.jpg "Delhi High Court directs issuance of a lower withholding TDS certificate to British Airways [Read Order]")
![Order cannot be termed as “erroneous” unless it is not in accordance with Law: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/12/Order-erroneous-law-ITAT-Taxscan.jpg "Order cannot be termed as “erroneous” unless it is not in accordance with Law: ITAT [Read Order]")
Unusual Price rise/ fall in Shares of Company can’t be a basis to draw an inference that Capital Loss generated is Bogus: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench held that the Unusual price rise/ fall in the shares of a company cannot be a basis to draw an inference that capital loss generated is...
![Unusual Price rise/ fall in Shares of Company can’t be a basis to draw an inference that Capital Loss generated is Bogus: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/12/Unusual-Price-rise-Shares-of-Company-Capital-Loss-Bogus-Income-Tax-ITAT-Taxscan.jpg "Unusual Price rise/ fall in Shares of Company can’t be a basis to draw an inference that Capital Loss generated is Bogus: ITAT [Read Order]")
ITAT directs Assessing Officer to re-adjudicate matter of Wipro GE Healthcare in respect of Transfer Pricing addition [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore Bench directed AO to adjudicate the matter of Wipro GE Healthcare in respect of transfer pricing addition. The Assessee, Wipro GE Healthcare...
![ITAT directs Assessing Officer to re-adjudicate matter of Wipro GE Healthcare in respect of Transfer Pricing addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/12/ITAT-AO-re-adjudicete-matter-Wipro-GE-Healthcare-transfer-pricing-addition-Taxscan.jpg "ITAT directs Assessing Officer to re-adjudicate matter of Wipro GE Healthcare in respect of Transfer Pricing addition [Read Order]")
Payments made to non-resident for acquiring off-the-shelf Software isn’t Royalty, No obligation to deduct TDS: ITAT deletes disallowance against Infosys [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore Bench while deleting the disallowance against Infosys BPM Ltd. held that payments made to non-resident for acquiring off-the-shelf software are not...
![Payments made to non-resident for acquiring off-the-shelf Software isn’t Royalty, No obligation to deduct TDS: ITAT deletes disallowance against Infosys [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/12/Payments-shelf-Software-Royalty-obligation-to-deduct-TDS-ITAT-deletes-disallowance-Infosys-Taxscan.jpg "Payments made to non-resident for acquiring off-the-shelf Software isn’t Royalty, No obligation to deduct TDS: ITAT deletes disallowance against Infosys [Read Order]")
PCIT can’t form another view on same issue if AO has already passed order: ITAT rules in favour of Bank of India [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench while ruling in favor of Bank of India held that Principal Commissioner of Income Tax (PCIT) cannot form another view on the same issue in which...
![PCIT can’t form another view on same issue if AO has already passed order: ITAT rules in favour of Bank of India [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/12/PCIT-AO-order-ITAT-Bank-of-India-Taxscan.jpeg "PCIT can’t form another view on same issue if AO has already passed order: ITAT rules in favour of Bank of India [Read Order]")