![ITAT deletes Addition on account of Interest received from Bank and on Advances to Contractors [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/05/ITAT-interest-received-from-bank-contractors-taxscan.jpeg "ITAT deletes Addition on account of Interest received from Bank and on Advances to Contractors [Read Order]")
ITAT deletes Addition on account of Interest received from Bank and on Advances to Contractors [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench deleted the addition on account of interest received from bank and on advances to...
![Deduction u/s 80IA(4) granted in First Year cant be denied in Subsequent Years, Unless Change in Original Terms and Conditions: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/05/Deduction-original-terms-and-conditions-ITAT-Taxscan.jpg "Deduction u/s 80IA(4) granted in First Year cant be denied in Subsequent Years, Unless Change in Original Terms and Conditions: ITAT [Read Order]")
![Delhi HC stays Assessment Order passed under Section 153C of the Income Tax Act as revenue failed to furnish evidence Linking Assessee and Other person [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/05/Delhi-HC-assessment-order-Section-153C-of-the-Income-Tax-Act-linking-assessee-Taxscan.jpg "Delhi HC stays Assessment Order passed under Section 153C of the Income Tax Act as revenue failed to furnish evidence Linking Assessee and Other person [Read Order]")
Tripura High Court directs Authority to Communicate the Mismatch in figures which has prevented Issuance of Form 'C' [Read Order]
The Tripura High Court has directed the Authority to communicate the mismatch in figures which has prevented the issuance of Form “C”. The petitioner, Prayas Automation Pvt. Ltd. has prayed for a...
![Tripura High Court directs Authority to Communicate the Mismatch in figures which has prevented Issuance of Form C [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/05/Tripura-High-Court-Authority-to-communicate-mismatch-in-figures-Form-C-Taxscan.jpeg "Tripura High Court directs Authority to Communicate the Mismatch in figures which has prevented Issuance of Form C [Read Order]")
No TDS applicable on Lease Financial Amount: Karnataka HC allows relief to Lease Financial Company [Read Judgment]
The Karnataka High Court ruled that no deduction is required to be made in respect of the payments to lease financial companies on the lease financial amounts. The Assessee, Texas Instruments...
![No TDS applicable on Lease Financial Amount: Karnataka HC allows relief to Lease Financial Company [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/05/TDS-No-Deduction-required-Payments-to-Lease-Financial-Company-Lease-Financial-Amounts-Karnataka-High-Court-Taxscan.jpg "No TDS applicable on Lease Financial Amount: Karnataka HC allows relief to Lease Financial Company [Read Judgment]")
![Disallowances purely without any tangible material shall be Invalid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/05/Disallowances-tangible-material-ITAT-taxscan.jpeg "Disallowances purely without any tangible material shall be Invalid: ITAT [Read Order]")
TDS not applicable on Seconded Employees If the Same is Deducted by Holding Company: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench while remitting the matter back to AO ruled that the TDS not applicable on seconded employees if the same is deducted by holding Company. The...
![TDS not applicable on Seconded Employees If the Same is Deducted by Holding Company: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/TDS-Company-ITAT-AO-Taxscan.jpg "TDS not applicable on Seconded Employees If the Same is Deducted by Holding Company: ITAT [Read Order]")
Relief to PwC: ITAT deletes disallowance of Loss arising from Foreign Exchange Fluctuation on Foreign Currency Hedging Contracts [Read Order]
The Income Tax Appellate Tribunal (ITAT), Kolkata Bench while granting the relief to PwC deleted disallowance of loss arising from foreign exchange fluctuation in respect of Foreign Currency Hedging...
![Relief to PwC: ITAT deletes disallowance of Loss arising from Foreign Exchange Fluctuation on Foreign Currency Hedging Contracts [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/05/PwC-ITAT-Foreign-Exchange-Fluctuation-Foreign-Currency-Hedging-Contracts-Taxscan.jpg "Relief to PwC: ITAT deletes disallowance of Loss arising from Foreign Exchange Fluctuation on Foreign Currency Hedging Contracts [Read Order]")
Land contributed to Firm was withdrawn by Partners during Retirement can't be treated as Settlement of Accounts on Retirement: ITAT
The Income Tax Appellate Tribunal (ITAT), Kolkata Bench ruled that Land contributed to the Firm was withdrawn by Partners during Retirement, can not be treated as settlement of accounts on...
Earnest Money was Forfeited on Cancellation of Land Purchase resulting into Business Loss: ITAT deletes disallowance of Commission
The Income Tax Appellate Tribunal (ITAT), Kolkata Bench allowed the Business Loss in respect of loss on purchase of land or earnest money paid. The assessee, M/s. K.B. Developers is a partnership...
