![Transfer Pricing Adjustment should be Restricted only to AE Related Transactions of Assessee: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Transfer-Pricing-Adjustment-AE-Transactions-Assessee-ITAT-Taxscan.jpg "Transfer Pricing Adjustment should be Restricted only to AE Related Transactions of Assessee: ITAT [Read Order]")
Transfer Pricing Adjustment should be Restricted only to AE Related Transactions of Assessee: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore bench has held that the transfer pricing adjustment shall be restricted only to AE related...
![Provisions of Sec 44AD not applicable to Commission Agents: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Commission-Agents-ITAT-taxscan.jpg "Provisions of Sec 44AD not applicable to Commission Agents: ITAT [Read Order]")
![Rent which was Neither Received nor Accrued cannot be brought to Tax: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Rent-Tax-ITAT-Taxscan.jpg "Rent which was Neither Received nor Accrued cannot be brought to Tax: ITAT [Read Order]")
![No Handover of Property after Registration due to Non-receipt of Sale Consideration: ITAT orders for Investigation by Income Tax Dept [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Handover-of-Property-property-Registration-Non-receipt-Sale-Consideration-sale-ITAT-Investigation-income-tax-department-Taxscan.jpeg "No Handover of Property after Registration due to Non-receipt of Sale Consideration: ITAT orders for Investigation by Income Tax Dept [Read Order]")
![No Representation before Tribunal despite 22 Postings: ITAT dismisses Appeal as Un-admitted, Refuses to Condone Delay [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/No-Representation-Tribunal-Postings-ITAT-Appeal-Condone-Delay-Taxscan.jpg "No Representation before Tribunal despite 22 Postings: ITAT dismisses Appeal as Un-admitted, Refuses to Condone Delay [Read Order]")
Computation of Income u/s 44BBB on bonafide belief that Assessee does not have PE in India: ITAT deletes Penalty against Lahmeyer Holding GambH [Read Order]
In a major relief to Lahmeyer Holding GambH, the ITAT, Delhi bench has held that the penalty cannot be levied based on the fact that the assessee opted to compute income under section 44BBB of the...
![Computation of Income u/s 44BBB on bonafide belief that Assessee does not have PE in India: ITAT deletes Penalty against Lahmeyer Holding GambH [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Computation-of-Income-bonafide-Assessee-PE-in-India-ITAT-deletes-Penalty-Lahmeyer-Holding-GambH-Taxscan.jpeg "Computation of Income u/s 44BBB on bonafide belief that Assessee does not have PE in India: ITAT deletes Penalty against Lahmeyer Holding GambH [Read Order]")
Contradiction in Dept’s Reason for Re-Assessment: Delhi HC quashes Orders against Vodafone Luxembourg [Read Order]
A division bench of the Delhi High Court has quashed the re-assessment proceedings against Vodafone Luxembourg 5 S A R L by noting that there is a contradiction in reasons stated by the Revenue in...
![Contradiction in Dept’s Reason for Re-Assessment: Delhi HC quashes Orders against Vodafone Luxembourg [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Re-Assessment-Delhi-HC-Order-Vodafone-Luxembourg-taxscan.jpeg "Contradiction in Dept’s Reason for Re-Assessment: Delhi HC quashes Orders against Vodafone Luxembourg [Read Order]")
Advance from Overseas Patients cannot be treated as Capital Receipts: ITAT Ruling on Medical Tourism [Read Order]
The Bangalore bench of the ITAT, in a significant ruling on medical tourism, has held that the advance from overseas patients cannot be treated as capital receipts since the same cannot remain...
![Advance from Overseas Patients cannot be treated as Capital Receipts: ITAT Ruling on Medical Tourism [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Advance-from-Overseas-Patients-treated-as-Capital-Receipts-ITAT-Ruling-Medical-Tourism-Taxscan.jpeg "Advance from Overseas Patients cannot be treated as Capital Receipts: ITAT Ruling on Medical Tourism [Read Order]")
Revision Order merely because of Non-mentioning of specific reasons for accepting the explanation of the assessee is Invalid: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that the revision order under section 263 of the Income Tax Act, 1961 cannot be invoked merely because the Assessing Officer has...
![Revision Order merely because of Non-mentioning of specific reasons for accepting the explanation of the assessee is Invalid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Revision-Order-specific-reasons-explanation-assesse-Invalid-ITAT-Taxscan.jpg "Revision Order merely because of Non-mentioning of specific reasons for accepting the explanation of the assessee is Invalid: ITAT [Read Order]")
Private Discretionary Trust is 'AOP', CBDT Circular treating the same as 'Individual' due to Difficulties in E-filing Software can’t be Relied: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai bench has held that the private discretionary trust shall be treated as “AoP” and rejected the plea of the assessee based on the CBDT circular wherein...
![Private Discretionary Trust is AOP, CBDT Circular treating the same as Individual due to Difficulties in E-filing Software can’t be Relied: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Private-Discretionary-Trust-AOP-CBDT-Circular-Individual-E-filing-Software-ITAT-Taxscan.jpeg "Private Discretionary Trust is AOP, CBDT Circular treating the same as Individual due to Difficulties in E-filing Software can’t be Relied: ITAT [Read Order]")
![ITAT deletes Income Tax Penalty on Air India Subsidiary [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/ITAT-Income-Tax-Penalty-Income-Tax-Penalty-Air-India-Subsidiary-Taxscan.jpg "ITAT deletes Income Tax Penalty on Air India Subsidiary [Read Order]")