No TDS on Minimum Guarantees Paid to Hotels: ITAT grants Relief to OYO Rooms [Read Order]
The Delhi Bench Income Tax Appellate Tribunal ( ITAT ), while granting relief to the Oravel Stays Private Limited, the company which runs OYO Rooms,...
![Income Tax addition upheld without Application of Mind: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/ITAT-ITAT-Delhi-Income-Tax-Income-Tax-Addition-Upheld-taxscan.jpg "Income Tax addition upheld without Application of Mind: ITAT deletes Addition [Read Order]")
![Extension of due date under CBDT circular is Dependent upon Quantification of Interest u/s 234 of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/ITAT-Hyderabad-Income-Tax-CBDT-circular-CBDT-taxscan.jpg "Extension of due date under CBDT circular is Dependent upon Quantification of Interest u/s 234 of Income Tax Act: ITAT [Read Order]")
![Disallowance u/s 14 A is allowable only on Investments that yielded Exempt Income: ITAT rules in favour of Reliance Power Ltd [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/ITAT-Mumbai-Income-Tax-Exempted-Income-taxscan.jpg "Disallowance u/s 14 A is allowable only on Investments that yielded Exempt Income: ITAT rules in favour of Reliance Power Ltd [Read Order]")
![Income Tax Deduction on Excise Duty does not Amount to Double Deduction: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/Bombay-High-Court-Income-Tax-Income-Tax-Deduction-taxscan.jpg "Income Tax Deduction on Excise Duty does not Amount to Double Deduction: Bombay HC [Read Order]")
ITAT allows Sale Expenditure on packing material in Jute Bags which have been rendered Unusable due to damage sustained during Loading and Unloading [Read Order]
The Ahamedabad bench of the Income Tax Appellate Tribunal ( ITAT ) allowed sale expenditure on packing material in jute bags that had been rendered unusable due to damage sustained during loading and...
![ITAT allows Sale Expenditure on packing material in Jute Bags which have been rendered Unusable due to damage sustained during Loading and Unloading [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/ITAT-Ahamedabad-ITAT-Income-Tax-sale-expenditure-taxscan.jpg "ITAT allows Sale Expenditure on packing material in Jute Bags which have been rendered Unusable due to damage sustained during Loading and Unloading [Read Order]")
Allotment of enquiry shares to subscribers is outside scope of Section 56(2)(viib) of Income Tax Act : ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) observed that allotment of enquiry shares to subscribers was outside scope of Section 56(2) ( viib ) of the Income Tax Act, 1961 The...
![Allotment of enquiry shares to subscribers is outside scope of Section 56(2)(viib) of Income Tax Act : ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/ITAT-Delhi-Income-Tax-Act-ITAT-ruling-on-share-allotment-Tax-treatment-of-share-subscribers-Income-Tax-Act-and-share-issuance-Taxscan.jpg "Allotment of enquiry shares to subscribers is outside scope of Section 56(2)(viib) of Income Tax Act : ITAT [Read Order]")
Non Response to Notice u/s 133(6) of Income Tax Act doesn't prove that entire Transaction is Bogus: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) observed that no response to notice under Section 133(6) of Income Tax Act, 1961 that doesn't prove that entire transactions are bogus ...
![Non Response to Notice u/s 133(6) of Income Tax Act doesnt prove that entire Transaction is Bogus: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/ITAT-Mumbai-Non-response-to-Income-Tax-Notice-Bogus-transactions-and-Income-Tax-ITAT-rulings-on-bogus-transactions-Taxscan.jpg "Non Response to Notice u/s 133(6) of Income Tax Act doesnt prove that entire Transaction is Bogus: ITAT [Read Order]")
Corporate entity can't logically incur Expenditure for Individual Property improvement: ITAT dismisses Appeal [Read Order]
The Pune bench of the Income Tax Appellate Tribunal ( ITAT ) dismissed the appeal, stating that a corporate entity cannot logically incur expenditure for individual property improvement. The...
![Corporate entity cant logically incur Expenditure for Individual Property improvement: ITAT dismisses Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/ITAT-Pune-Corporate-entity-property-improvement-expenditure-taxscan.jpg "Corporate entity cant logically incur Expenditure for Individual Property improvement: ITAT dismisses Appeal [Read Order]")
Pending Insolvency Proceedings before NCLT: ITAT orders Jet Airways to pay costs of Rs 25,000 to PM Relief Fund [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) has ordered Jet Airways, amidst pending insolvency proceedings before the National Company Law Tribunal ( NCLT ), to pay costs amounting...
![Pending Insolvency Proceedings before NCLT: ITAT orders Jet Airways to pay costs of Rs 25,000 to PM Relief Fund [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/ITAT-ITAT-Mumbai-NCLT-Jet-Airways-PM-Relief-Fund-Insolvency-Proceedings-TAXSCAN.jpg "Pending Insolvency Proceedings before NCLT: ITAT orders Jet Airways to pay costs of Rs 25,000 to PM Relief Fund [Read Order]")
Defect in Notice u/s 271(1)(c) of IT Act issued in 1993 cannot be raised, even in absence of prejudice to Assessee: Bombay HC [Read Order]
In a significant case, the Bombay High Court held that defect in notice under Section 271(1)(C) of the Income Tax Act 1961 issued in 1993 could not be raised, even in the absence of prejudice to the...
![Defect in Notice u/s 271(1)(c) of IT Act issued in 1993 cannot be raised, even in absence of prejudice to Assessee: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/Bombay-High-Court-Income-Tax-Notice-defect-Assessee-Tax-news-Bombay-HC-taxscan.jpg "Defect in Notice u/s 271(1)(c) of IT Act issued in 1993 cannot be raised, even in absence of prejudice to Assessee: Bombay HC [Read Order]")
No claim for weighted Deduction on donation can be claimed u/s 35(1) (ii) of Income Tax Act: ITAT [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal ( ITAT ) observed that No claim for weighted deduction on donation can be claimed under Section 35(1) (ii) of Income Tax Act, 1961 The...
![No claim for weighted Deduction on donation can be claimed u/s 35(1) (ii) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/ITAT-Ahmedabad-Income-Tax-weighted-deduction-weighted-deduction-on-donation-taxscan.jpg "No claim for weighted Deduction on donation can be claimed u/s 35(1) (ii) of Income Tax Act: ITAT [Read Order]")