![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]")
No Tax on Compensation received for loss of Trees: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench held that no Tax is applicable on Compensation received for loss of Trees. The assessee,...
![Relief to Reliance Industries: ITAT deletes addition of Sales Tax Incentive/subsidy holding it as Capital in Nature [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/11/Reliance-Industries-ITAT-Sales-Tax-Incentive-subsidy-Capital-Taxscan.jpeg "Relief to Reliance Industries: ITAT deletes addition of Sales Tax Incentive/subsidy holding it as Capital in Nature [Read Order]")
![Mobilisation Fees Received from Time Charter of Vessel won’t fall within definition of ‘Royalty’ under the India-Singapore Tax Treaty: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/11/Mobilisation-Fees-Time-Charter-of-Vessel-Royalty-India-Singapore-Tax-Treaty-ITAT-Taxscan.jpg "Mobilisation Fees Received from Time Charter of Vessel won’t fall within definition of ‘Royalty’ under the India-Singapore Tax Treaty: ITAT [Read Order]")
![Assessee eligible to avail Credit on Outward Transportation from place of removal upto a certain point, be it a depot or Customer’s Premises: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/11/Assessee-credit-transportation-depot-customers-premises-CESTAT-Taxscan.jpg "Assessee eligible to avail Credit on Outward Transportation from place of removal upto a certain point, be it a depot or Customer’s Premises: CESTAT [Read Order]")
![Deduction u/s 80IA subjected to other conditions relating to time period and percentage of the deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/11/ITAT-Deduction-Taxscan.jpg "Deduction u/s 80IA subjected to other conditions relating to time period and percentage of the deduction: ITAT [Read Order]")
Recovery can’t be selectively initiated against one of the Directors only: Delhi High Court [Read Judgment]
The Delhi High Court held that the recovery cannot be selectively initiated against one of the Directors only. The Petitioner, Sanjiv Kumar Mittal is a former Director of assessee-company and is...
![Recovery can’t be selectively initiated against one of the Directors only: Delhi High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/11/Recovery-Directors-Sanjiv-Kumar-Mittal-Delhi-High-Court-Taxscan.jpg "Recovery can’t be selectively initiated against one of the Directors only: Delhi High Court [Read Judgment]")
Central Govt. specifies the MIC Redwood 1 RSC Limited as Sovereign Wealth Fund for Abu Dhabi [Read Notification]
The Central Board of Direct Taxes (CBDT) specified the MIC Redwood 1 RSC Limited as sovereign wealth fund for Abu Dhabi, United Arab Emirates. The decision of the central government to grant 100%...
![Central Govt. specifies the MIC Redwood 1 RSC Limited as Sovereign Wealth Fund for Abu Dhabi [Read Notification]](https://www.taxscan.in/wp-content/uploads/2020/11/Central-Government-MIC-Redwood-RSC-Limited-sovereign-wealth-fund-Abu-Dhabi-taxscan.jpeg "Central Govt. specifies the MIC Redwood 1 RSC Limited as Sovereign Wealth Fund for Abu Dhabi [Read Notification]")
Violation of conditions for deduction in Rule 18DA(8A) can be looked into only by prescribed authority and not by AO: Karnataka HC [Read Judgment]
The Karnataka High Court held that the violation of conditions of deduction under Rule 18DA (8A) can be looked into only by prescribed authority and not by Assessing Officers. The assessee, M/s...
![Violation of conditions for deduction in Rule 18DA(8A) can be looked into only by prescribed authority and not by AO: Karnataka HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/11/Violation-of-conditions-deduction-Rule-18DA8A-prescribed-authority-AO-Karnataka-High-court-Taxscan.jpg "Violation of conditions for deduction in Rule 18DA(8A) can be looked into only by prescribed authority and not by AO: Karnataka HC [Read Judgment]")
TPA required to deduct TDS on payments made to hospitals under Section 194J of the Income Tax Act: Karnataka HC [Read Judgment]
The Karnataka High Court held that the Third Party Administrator (TPA) is required to deduct tax at source (TDS) on payments made to hospitals under Section 194J of the Income Tax Act. The...
![TPA required to deduct TDS on payments made to hospitals under Section 194J of the Income Tax Act: Karnataka HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/10/TPA-required-deduct-TDS-payments-made-hospitals-Section-194J-of-the-Income-Tax-Act-Karnataka-High-Court-Taxscan.jpg "TPA required to deduct TDS on payments made to hospitals under Section 194J of the Income Tax Act: Karnataka HC [Read Judgment]")
CIT(A) ought to analyse nature of service undertaken by assessee and Taxation of fees for Technical Services: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore Bench while remitting the matter back to the CIT(A) ruled that the CIT(A) ought to analyse nature of service undertaken by assessee and taxation of...
![CIT(A) ought to analyse nature of service undertaken by assessee and Taxation of fees for Technical Services: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/10/CITA-ought-analyse-nature-service-undertaken-assessee-Taxation-of-fees-Technical-Services-ITAT-Taxscan.jpg "CIT(A) ought to analyse nature of service undertaken by assessee and Taxation of fees for Technical Services: ITAT [Read Order]")
Form 3CD: Income Tax Department releases New Tax Audit utility, Schema Version 1.21 [Read Document]
The Income Tax Department notifies ‘Form 3CD Schema Changes’ under e-Filing Project released New Tax Audit utility, Schema Version 1.21. Form 3CD consists of the statement of particulars required...
![Form 3CD: Income Tax Department releases New Tax Audit utility, Schema Version 1.21 [Read Document]](https://www.taxscan.in/wp-content/uploads/2020/10/Form-3CD-Income-Tax-Department-releases-New-Tax-Audit-utility-Schema-Version-1.21-Taxscan.jpeg "Form 3CD: Income Tax Department releases New Tax Audit utility, Schema Version 1.21 [Read Document]")