![No TDS on payment of External Development Charges not made out of any Statutory and Contractual Liability: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/01/External-Development-Charges-No-TDS-Payment-Delhi-High-Court-ITAT-Taxscan.jpg "No TDS on payment of External Development Charges not made out of any Statutory and Contractual Liability: ITAT [Read Order]")
No TDS on payment of External Development Charges not made out of any Statutory and Contractual Liability: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT), held that the assessee was not required to deduct TDS as the payment of External...
![No Disallowance of Incentives paid to Employees u/s 40(a)(ia) If Payments are in Nature of Salaries: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/01/Incentives-paid-Employees-Salaries-ITAT-Taxscan.jpg "No Disallowance of Incentives paid to Employees u/s 40(a)(ia) If Payments are in Nature of Salaries: ITAT [Read Order]")
![Exemption to Agricultural Lands bought when not for any Business purposes allowed: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/01/Agricultural-Lands-Exemptions-Business-Purpose-Taxscan.jpg "Exemption to Agricultural Lands bought when not for any Business purposes allowed: ITAT [Read Order]")
Date of Order of CIT(A) considered as Relevant Date for Determining Limitation u/s 150: Delhi HC [Read Order]
The Delhi High Court in the case of Intec Corporation v ACIT held that the period of limitation under Section 150 would be considered from the date of order of CIT (A). The petitioner engaged in the...
![Date of Order of CIT(A) considered as Relevant Date for Determining Limitation u/s 150: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2019/11/Form-TRAN-1-Delhi-High-Court-Taxscan.jpg "Date of Order of CIT(A) considered as Relevant Date for Determining Limitation u/s 150: Delhi HC [Read Order]")
TDS Benefit is to be given for Assessment Year for which Corresponding Income is Assessable: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune ruled that that the benefit of the TDS should be given for assessment year for which corresponding income is assessable. Ruling was rendered by Vice...
![TDS Benefit is to be given for Assessment Year for which Corresponding Income is Assessable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/10/Revisionary-Jurisdiction-ITAT-Taxscan.jpg "TDS Benefit is to be given for Assessment Year for which Corresponding Income is Assessable: ITAT [Read Order]")
![Delay in Furnishing Audit Reports is mere Technical Breach, No Penalty: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2019/10/Tax-Audit-Reports-CBDT-Taxscan.jpg "Delay in Furnishing Audit Reports is mere Technical Breach, No Penalty: ITAT [Read Order]")
Non-Compete Fee Received by NRI not Taxable in India in absence of Business Connection in India: ITAT [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) in the case of ITO v Prabhakar Raghavendra Rao held that non-compete fee money received independently by the assessee pursuant to an...
![Non-Compete Fee Received by NRI not Taxable in India in absence of Business Connection in India: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/01/Non-Compete-Fee-NRI-Taxscan.jpg "Non-Compete Fee Received by NRI not Taxable in India in absence of Business Connection in India: ITAT [Read Order]")
Loss arising from Forfeiture of Advance Paid on Convertible Warrants is Business Loss: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) Delhi Bench held that the loss arising from forfeiture of the advance paid on convertible warrants is a business loss. The ruling was made by a bench of ITAT...
![Loss arising from Forfeiture of Advance Paid on Convertible Warrants is Business Loss: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/11/Business-Loss-Taxscan.jpg "Loss arising from Forfeiture of Advance Paid on Convertible Warrants is Business Loss: ITAT [Read Order]")
Notice issued for Reopening Assessment without Jurisdictional Requirements liable to be set-aside: Bombay HC [Read Judgment]
The division bench of the Bombay High Court has held that the petitioner disclosed all material facts fully and truly and assessment under section 143(3) of the Income Tax Act is made by the AO for...
![Notice issued for Reopening Assessment without Jurisdictional Requirements liable to be set-aside: Bombay HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/04/CBDT-Bombay-High-Court-Taxscan.jpg "Notice issued for Reopening Assessment without Jurisdictional Requirements liable to be set-aside: Bombay HC [Read Judgment]")
![No TDS on Purchase of Copyrighted Software Licenses: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/05/Software-Services-GST-Taxscan.jpg "No TDS on Purchase of Copyrighted Software Licenses: ITAT [Read Order]")