![AY relevant for Action depends on Date of Recording Satisfaction, not Date of Search u/s 153C of Income Tax Act: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Income-Tax-Income-Tax-Act-Income-Tax-Commissioner-Delhi-HC-TAXSCAN.jpg "AY relevant for Action depends on Date of Recording Satisfaction, not Date of Search u/s 153C of Income Tax Act: Delhi HC [Read Order]")
AY relevant for Action depends on Date of Recording Satisfaction, not Date of Search u/s 153C of Income Tax Act: Delhi HC [Read Order]
The appellant, Commissioner of Income Tax- Central-1, filed an appeal in the backdrop of search and seizure in the case of Harvansh Chawla. Pursuant...
![Interest Rate on Secured Loan From banks Cannot be Compared with Interest Rate on Unsecured Loan: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-Income-Tax-Appellate-Tribunal-Income-Tax-Appellate-Tribunal-ITAT-indore-Unsecured-Loan-interest-rate-taxscan.jpg "Interest Rate on Secured Loan From banks Cannot be Compared with Interest Rate on Unsecured Loan: ITAT [Read Order]")
![Wrong Address in Appeal Documents Leads to Dismissal: Calcutta High Court orders Rehearing of Income Tax Appeals [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Calcutta-High-Court-Calcutta-HC-Income-Tax-Income-Tax-Appeals-Address-Errors-taxscan.jpg "Wrong Address in Appeal Documents Leads to Dismissal: Calcutta High Court orders Rehearing of Income Tax Appeals [Read Order]")
![Hearing Notices Sent to Registered E-mail ID went Unnoticed leading to Non-appearance: ITAT Remands file to CIT (A) for Fresh Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Income-Tax-Income-Tax-Appeals-ITAT-Pune-Income-Tax-Appellate-Tribunal-Tax-Notices-TAXSCAN.jpeg "Hearing Notices Sent to Registered E-mail ID went Unnoticed leading to Non-appearance: ITAT Remands file to CIT (A) for Fresh Adjudication [Read Order]")
Sale of Flat Classified as Long-Term Capital Gain Based on Previous Owner's Holding Period: ITAT Overturns CIT(A) Order [Read Order]
In the recent case, the Delhi bench of Income Tax Appellate Tribunal(ITAT) overturned the Commissioner Of Income Tax (Appeals)[CIT(A)]'s ruling, classifying the sale of the Faridabad flat as a...
![Sale of Flat Classified as Long-Term Capital Gain Based on Previous Owners Holding Period: ITAT Overturns CIT(A) Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/CITA-ITAT-Commissioner-Of-Income-Tax-Appeals-long-Term-Capital-Gain-ITAT-Overturns-Income-Tax-Appellate-Tribunal-taxscan.webp "Sale of Flat Classified as Long-Term Capital Gain Based on Previous Owners Holding Period: ITAT Overturns CIT(A) Order [Read Order]")
Subscription Charge Reimbursements not Amounts to 'FIS' under India-US DTAA or S.9(1)(vii) of the Act: ITAT grants relief [Read Order]
The Delhi bench of Income Tax Appellate Tribunal ( ITAT ) granted relief ,ruling that the amount received as reimbursements for expenses related to software subscription services should not be taxed...
![Subscription Charge Reimbursements not Amounts to FIS under India-US DTAA or S.9(1)(vii) of the Act: ITAT grants relief [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-ITAT-Delhi-Double-Taxation-Avoidance-Agreement-India-US-DTAA-Section-91vii-Income-Tax-Act-taxscan.jpg "Subscription Charge Reimbursements not Amounts to FIS under India-US DTAA or S.9(1)(vii) of the Act: ITAT grants relief [Read Order]")
Original Allotment Date Applies to Property Acquisition: ITAT Overturned Short-Term Capital Gain Assessment [Read Order]
In the recent case, the Delhi bench of Income Tax Appellate Tribunal (ITAT) granted relief, stating that the original allotment date of 1989 should be considered for property acquisition, not the...
![Original Allotment Date Applies to Property Acquisition: ITAT Overturned Short-Term Capital Gain Assessment [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Short-Term-Capital-Gain-Assessment-Property-Acquisition-Original-Allotment-ITAT-Overturned-Capital-Gain-taxscan.jpg "Original Allotment Date Applies to Property Acquisition: ITAT Overturned Short-Term Capital Gain Assessment [Read Order]")
Payment made to Foreign Firms for Services Rendered outside India cannot be Subject to TDS u/s 195: ITAT [Read Order]
The two member bench of the Income Tax Appellate Tribunal ( ITAT ), Delhi, has ruled that payments made to foreign firms for services rendered outside India cannot be subject to Tax Deducted at...
![Payment made to Foreign Firms for Services Rendered outside India cannot be Subject to TDS u/s 195: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-ITAT-Delhi-TDS-Tax-Deducted-at-Source-Foreign-Firms-Section-195-Income-Tax-Act-taxscan.jpg "Payment made to Foreign Firms for Services Rendered outside India cannot be Subject to TDS u/s 195: ITAT [Read Order]")
Section 263 Proceedings cannot Address issues Beyond Limited Scrutiny Under CASS: ITAT set aside Pr.CIT order [Read Order]
The Indore bench of Income Tax Appellate Tribunal ( ITAT ) ruled that the Principal Commissioner of Income Tax's ( Pr. CIT ) order under section 263 of the Income Tax Act, 1961, which had annulled...
![Section 263 Proceedings cannot Address issues Beyond Limited Scrutiny Under CASS: ITAT set aside Pr.CIT order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-ITAT-Indore-Pr.CIT-order-Section-263-Income-tax-act-Limited-Scrutiny-CASS-taxscan.jpg "Section 263 Proceedings cannot Address issues Beyond Limited Scrutiny Under CASS: ITAT set aside Pr.CIT order [Read Order]")
ITAT sets aside PCIT's Revision Order for Failing to provide Adequate Hearing Opportunity and ignoring Submissions of Taxpayer [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal ( ITAT ) set aside the Principal Commissioner of Income Tax’s ( PCIT ) revision order for failing to give adequate opportunity for the...
![ITAT sets aside PCITs Revision Order for Failing to provide Adequate Hearing Opportunity and ignoring Submissions of Taxpayer [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-ITAT-Ahmedabad-PCIT-PCIT-Revision-Order-Income-Tax-Appellate-Tribunal-Taxpayer-Submissions-taxscan.jpg "ITAT sets aside PCITs Revision Order for Failing to provide Adequate Hearing Opportunity and ignoring Submissions of Taxpayer [Read Order]")
Insufficient Evidence to Prove Improvement Costs of Property: ITAT disallows Expense Claims [Read Order]
Income Tax Appellate Tribunal (ITAT), Ahmedabad “C” Bench, recently disallowed expense claims put forward by the appellant noting lack of proper evidence to support claims of cost incurred for...
![Insufficient Evidence to Prove Improvement Costs of Property: ITAT disallows Expense Claims [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-Disallows-ITAT-Property-Expense-Claims-Income-Tax-Appellate-Tribunal-Prove-Improvement-Costs-ITAT-ahmedabad-taxscan.webp "Insufficient Evidence to Prove Improvement Costs of Property: ITAT disallows Expense Claims [Read Order]")