![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]")
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,...
![Foreign Exchange Loss on Repayment of Borrowings is Revenue Expenditure: ITAT allows Relief to Cafe Coffee Day [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/02/Cafe-Coffee-Day-Foreign-Exchange-Revenue-Expenditure-ITAT-Taxscan.jpg "Foreign Exchange Loss on Repayment of Borrowings is Revenue Expenditure: ITAT allows Relief to Cafe Coffee Day [Read Order]")
![Deduction allowable on Interest Paid on Borrowings for Acquisition of Capital Assets: Gujarat HC grants Relief to Vodafone [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/12/Vodafone-Cenvat-Credit-Taxscan.jpg "Deduction allowable on Interest Paid on Borrowings for Acquisition of Capital Assets: Gujarat HC grants Relief to Vodafone [Read Order]")
![Provisions of Disallowance u/s 40(a)(ia) not applicable to Short-Deduction of TDS: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/02/TDS-Short-Deduction-Taxscan.jpg "Provisions of Disallowance u/s 40(a)(ia) not applicable to Short-Deduction of TDS: ITAT [Read Order]")
![Developer cannot claim Deduction on Expenses incurred on Land if Bills were generated after It’s Transfer: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/02/Deduction-land-Developer-Expenses-ITAT-Taxscan.jpg "Developer cannot claim Deduction on Expenses incurred on Land if Bills were generated after It’s Transfer: ITAT [Read Order]")
A Decision on a Debatable issue is not ‘Mistake Apparent from Record’ for the Purpose of Rectification: ITAT [Read Order]
While elaborating the Income Tax Appellate Tribunal’s (ITAT) powers under section 254(2) of the Income Tax Act, 1961, the Mumbai bench of the Tribunal has held that such powers cannot be invoked in...
![A Decision on a Debatable issue is not ‘Mistake Apparent from Record’ for the Purpose of Rectification: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/02/Debatable-issue-Apparent-Mistake-ITAT-ITAT.jpg "A Decision on a Debatable issue is not ‘Mistake Apparent from Record’ for the Purpose of Rectification: ITAT [Read Order]")
Proprietor of Institution need not possess a Qualified Professional Degree for applying Provisions of S. 44AD: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Cuttack bench has held that in order to apply the provisions of section 44AD of the Income Tax Act, 1961, there is no requirement that the proprietor of the...
![Proprietor of Institution need not possess a Qualified Professional Degree for applying Provisions of S. 44AD: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/02/ITAT-Proprietor-Taxscan.jpg "Proprietor of Institution need not possess a Qualified Professional Degree for applying Provisions of S. 44AD: ITAT [Read Order]")
Taxability of Amount Seized during Demonetization; Madras HC Applauds Govt for Introducing Faceless E-Assessment [Read Judgment]
The Madras High Court has applauded the Government for introducing Faceless E-assessment facilities while also cautioning the authorities that not all amounts received by a company during the...
![Taxability of Amount Seized during Demonetization; Madras HC Applauds Govt for Introducing Faceless E-Assessment [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/02/Faceless-E-assessment-Seized-Amount-Cash-Seizure-Taxscan.jpg "Taxability of Amount Seized during Demonetization; Madras HC Applauds Govt for Introducing Faceless E-Assessment [Read Judgment]")
![Penalty can’t be levied for Genuine Omissions in Income Tax Returns: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/02/Genuine-Omissions-Income-Tax-Return-Taxscan.jpg "Penalty can’t be levied for Genuine Omissions in Income Tax Returns: ITAT [Read Order]")
ITAT imposes Penalty of Rs. 5,000 on Assessee for Delay in filing Appeal and Non-Appearance before Tax Authorities [Read Order]
In a significant ruling, the Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) has imposed a penalty of Rs. 5000 on an assessee on the grounds of a delay of 358 days in filing appeal and...
![ITAT imposes Penalty of Rs. 5,000 on Assessee for Delay in filing Appeal and Non-Appearance before Tax Authorities [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/02/Assessee-Penalty-Appeal-Income-Tax-Income-Tax-Officer-Taxscan.jpg "ITAT imposes Penalty of Rs. 5,000 on Assessee for Delay in filing Appeal and Non-Appearance before Tax Authorities [Read Order]")
![License Fees for use of IT Parks Assessable as Business Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/02/License-Fee-Business-Income-ITAT-Taxscan.jpg "License Fees for use of IT Parks Assessable as Business Income: ITAT [Read Order]")
![Letting Out of Property and Furniture for Film Exhibition is a Business Activity: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/02/Film-Exhibition-Business-Income-Leased-Out-Assessee-CESTAT-Taxscan.jpg "Letting Out of Property and Furniture for Film Exhibition is a Business Activity: ITAT [Read Order]")