![Expenditure incurred exclusively for business to be allowed whether or not assessee was having any income during year: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Expenditure-business-assessee-income-ITAT-taxscan.jpg "Expenditure incurred exclusively for business to be allowed whether or not assessee was having any income during year: ITAT [Read Order]")
Expenditure incurred exclusively for business to be allowed whether or not assessee was having any income during year: ITAT [Read Order]
Income Tax Appellate Tribunal (ITAT), Chennai bench consisting of V Durga Rao, Judicial Member and Manoj Kumar Aggarwal, Accountant Member held that...
![No addition is Permitted u/s 68 of Income Tax Act as Unsecured Loan when Cash Deposits in Bank A/c of Lender Firm is Accepted: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/ITAT-Income-Tax-Act-Section-68-of-the-Income-Tax-Act-Income-Tax-Tax-news-Taxscan.jpg "No addition is Permitted u/s 68 of Income Tax Act as Unsecured Loan when Cash Deposits in Bank A/c of Lender Firm is Accepted: ITAT [Read Order]")
![ITD Failure to consider receipts from Offshore Supplies as Income of PE: ITAT directs Readjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/ITAT-Delhi-ITAT-ITAT-directs-readjudication-tax-news-Taxscan-1.jpg "ITD Failure to consider receipts from Offshore Supplies as Income of PE: ITAT directs Readjudication [Read Order]")
![ITAT deletes Addition made u/s 69 of Income Tax Act without considering Evidence related Agreement of Sale [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/ITAT-Income-tax-ITAT-Delhi-Section-69-of-the-Income-Tax-Act-tax-news-Taxscan.jpg "ITAT deletes Addition made u/s 69 of Income Tax Act without considering Evidence related Agreement of Sale [Read Order]")
Merely making Entries in books not discharge initial burden of proof regarding claim of cost of Improvement of Assets: ITAT [Read Order]
In a recent case, the Chandigarh bench of Income Tax Appellate Tribunal (ITAT) held that merely making entries in books not discharge initial burden of proof regarding claim of cost of improvement of...
Employees Salary Reimbursement Not Taxable in India as FTS under Article 12(4) of India -Japan DTAA:Â ITAT deletes addition of 2.70 lakhs [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) deleted the addition of Rs.2.70 lakhs, ruling that employees' salary reimbursement is not taxable in India as Fees for Technical Services...
Service Tax Demand under Work Contract Service is not Valid as assessee was not Registered for the same: CESTAT [Read Order]
The Allahabad bench of the Customs, Excise & Service Tax Appellate Tribunal ( CESTAT ) has held that service tax demand under work contract service is not valid as the assessee was not...
![Service Tax Demand under Work Contract Service is not Valid as assessee was not Registered for the same: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Work-Contract-Service-CESTAT-Allahabad-Tax-news-Service-Tax-Demand-under-Work-Contract-Service-Taxscan.jpg "Service Tax Demand under Work Contract Service is not Valid as assessee was not Registered for the same: CESTAT [Read Order]")
Assessee not absolved from Responsibility to monitor GST Portal being Registered Person: Madras HC [Read Order]
The Madras High Court observed that the assessee is not absolved from the responsibility to monitor the GST portal being a registered person. The petitioner assailed an order dated 29.12.2023 on...
![Assessee not absolved from Responsibility to monitor GST Portal being Registered Person: Madras HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/Assessee-Responsibility-monitor-GST-Portal-Registered-Person-Madras-HC-taxscan.jpeg "Assessee not absolved from Responsibility to monitor GST Portal being Registered Person: Madras HC [Read Order]")
Commission paid to agents outside India does not fall u/s 9(1)(vii) in absence of any Services of Technical Nature: ITAT sets aside Disallowance made by AO [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) observed that Commission Paid to Agents Outside India does not Fall under section 9(1)(vii) of the Income Tax Act, 1961 in the absence of...
![Commission paid to agents outside India does not fall u/s 9(1)(vii) in absence of any Services of Technical Nature: ITAT sets aside Disallowance made by AO [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Disallowance-Made-by-Assessing-Officer-Income-Tax-Act-ITAT-TAXSCAN.jpg "Commission paid to agents outside India does not fall u/s 9(1)(vii) in absence of any Services of Technical Nature: ITAT sets aside Disallowance made by AO [Read Order]")
No TDS Deduction for payments received by IBM Philippines: SC issues Notice on Application seeking Condonation of Delay [Read Order]
The Supreme Court of India issued notice on application seeking condonation of delay in the ruling regarding the non-applicability of TDS deduction for payments received by IBM Philippines. The...
![CESTAT Annual Digest [Part - 31]](https://www.taxscan.in/wp-content/uploads/2024/01/Annual-Digest-2023-CESTAT-Annual-Digest-2023-cestat-PART-31-TAXSCAN.jpg "CESTAT Annual Digest [Part - 31]")