![Managing Director cant be liable for Unaccounted Income of the Company: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/Managing-Director-Unaccounted-Income-of-the-Company-ITAT-Taxscan.jpg "Managing Director cant be liable for Unaccounted Income of the Company: ITAT [Read Order]")
Managing Director can't be liable for Unaccounted Income of the Company: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench held that the additions are not attributable to the Managing Director for undisclosed and...
![Assessment without issuance of Notice U/s 143(2) is void ab-initio: ITAT quashes Assessment Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/Assessment2.jpg "Assessment without issuance of Notice U/s 143(2) is void ab-initio: ITAT quashes Assessment Order [Read Order]")
Depreciation allowable on Machineries kept ready for Use: ITAT allows Relief since Non-Usage of Machineries due to reasons beyond the control of Assessee
The Income Tax Appellate Tribunal (ITAT), Chennai Bench while allowing the relief since non-usage of Machineries due to reasons beyond the control of assessee held that the depreciation allowable on...
Salary received for Services rendered in Foreign Countries not Taxable in India: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Hyderabad bench has recently held thatif the services are rendered outside India such income would not be taxable in India under the provisions of the Income...
![Salary received for Services rendered in Foreign Countries not Taxable in India: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/Salary-Services-rendered-in-Foreign-Countries-not-Taxable-in-India-ITAT-taxscan.jpg "Salary received for Services rendered in Foreign Countries not Taxable in India: ITAT [Read Order]")
ITAT quashes Reassessment proceedings as it was initiated upon Report of Investigation Wing [Read Order]
The Income Tax Appellate Tribunal (ITAT) quashed the reassessment proceedings as it was initiated upon report of the Investigation Wing. The assessee, M/s Fortune Tech IT Systems Pvt. Ltd. derived...
![ITAT quashes Reassessment proceedings as it was initiated upon Report of Investigation Wing [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/reassessment-proceedings-ITAT-Investigation-wing-Taxscan.jpeg "ITAT quashes Reassessment proceedings as it was initiated upon Report of Investigation Wing [Read Order]")
![No TDS applicable if the Threshold Limit of Rs.20k is not satisfied: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/TDS-threshold-limit-ITAT-Taxscan.jpg "No TDS applicable if the Threshold Limit of Rs.20k is not satisfied: ITAT [Read Order]")
Exemption can’t be disallowed under India-Austria DTAA only for want of Tax Residency Certificate: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Hyderabad Bench held that the exemption can not be disallowed under India-Austria Double Taxation Avoidance Agreement (DTAA) only for want of Tax Residency...
![Exemption can’t be disallowed under India-Austria DTAA only for want of Tax Residency Certificate: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/Exemption-India-Austria-DTAA-TRC-ITAT-Taxscan.jpg "Exemption can’t be disallowed under India-Austria DTAA only for want of Tax Residency Certificate: ITAT [Read Order]")
![Relief to Lifestyle International: ITAT deletes the disallowance on Professional Fee [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/Lifestyle-International-ITAT-disallowance-on-professional-fee-Taxscan.jpeg "Relief to Lifestyle International: ITAT deletes the disallowance on Professional Fee [Read Order]")
Tax Benefit cannot be denied due to Ignorance in mentioning the details of Exemption in the Income Tax Returns: ITAT [Read Order]
“The object of assessment is to determine correct total income of the assessee. Accordingly, I am of the view that the right of the assessee could not be denied merely on accounting of technical...
![Tax Benefit cannot be denied due to Ignorance in mentioning the details of Exemption in the Income Tax Returns: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/Tax-Benefit-Ignorance-Exemption-Income-Tax-Returns-ITAT-Taxscan.jpg "Tax Benefit cannot be denied due to Ignorance in mentioning the details of Exemption in the Income Tax Returns: ITAT [Read Order]")