![ITAT Annual Digest [Part 51]](https://www.taxscan.in/wp-content/uploads/2024/01/ITAT-ANNUAL-DIGEST-PART-51-ITAT-ITAT-ANNUAL-DIGEST-taxscan.jpg "ITAT Annual Digest [Part 51]")
ITAT Annual Digest [Part 51]
Disallowance of Contingent Liability shall not be Entertained as it does not form part of P&L Account: ITAT Knowledge Infrastructure Systems Pvt...
![Commission paid to agents outside India does not fall u/s 9(1)(vii) in absence of any Services of Technical Nature: ITAT sets aside Disallowance made by AO [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Disallowance-Made-by-Assessing-Officer-Income-Tax-Act-ITAT-TAXSCAN.jpg "Commission paid to agents outside India does not fall u/s 9(1)(vii) in absence of any Services of Technical Nature: ITAT sets aside Disallowance made by AO [Read Order]")
![Section 80IA(4)(ii) of IT Act would still apply even if same undertaking were to expand or add services: Delhi HC dismisses Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Delhi-High-Court-Income-Tax-Act-Delhi-High-Court-dismisses-Appeal-TAXSCAN.jpg "Section 80IA(4)(ii) of IT Act would still apply even if same undertaking were to expand or add services: Delhi HC dismisses Appeal [Read Order]")
Minor delays in uploading Assessment Orders or generating DIN will not render assessments unsustainable: ITAT [Read Order]
The Chandigarh bench of the Income Tax Appellate Tribunal (ITAT) observed that minor delays in uploading assessment orders or generating Document Identification Number (DIN) will not render...
![Minor delays in uploading Assessment Orders or generating DIN will not render assessments unsustainable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/ITAT-Chandigarh-Assessment-order-Document-Identification-Number-DIN-generation-Delay-in-Assessment-Order-Income-Tax-Appellate-Tribunal-taxscan.jpg "Minor delays in uploading Assessment Orders or generating DIN will not render assessments unsustainable: ITAT [Read Order]")
Penalty Proceedings under Income Tax Act initiated on Wrong Assumption: Madras HC sets Aside the Proceedings [Read Order]
The Madras High Court set aside the penalty proceedings under the Income Tax Act, 1961 initiated on the wrong assumption. Anamallais Bus Transports P Ltd, the petitioner assessee-Company has...
![Penalty Proceedings under Income Tax Act initiated on Wrong Assumption: Madras HC sets Aside the Proceedings [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Penalty-Proceedings-Income-Tax-Act-Wrong-Assumption-Madras-HC-taxscan.jpg "Penalty Proceedings under Income Tax Act initiated on Wrong Assumption: Madras HC sets Aside the Proceedings [Read Order]")
No Assessment can be made u/s 143 or 144 of Income Tax Act after Twelve Months from end of Relevant Assessment Year: ITAT [Read Order]
The Chandigarh bench of the Income Tax Appellate Tribunal (ITAT) observed that no assessments can be made under section 143 or 144 of Income Tax Act after twelve months from end of relevant...
![No Assessment can be made u/s 143 or 144 of Income Tax Act after Twelve Months from end of Relevant Assessment Year: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/No-Assessment-Income-Tax-Act-Relevant-Assessment-Year-ITAT-taxscan.jpg "No Assessment can be made u/s 143 or 144 of Income Tax Act after Twelve Months from end of Relevant Assessment Year: ITAT [Read Order]")
![Sponsorship amount paid by IOCL to Global Cricket Corporation is not Royalty: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Sponsorship-IOCL-indian-oil-corporation-Global-Cricket-Corporation-Royalty-ITAT-TAXSCAN.jpg "Sponsorship amount paid by IOCL to Global Cricket Corporation is not Royalty: ITAT [Read Order]")
Date of acquisition of property to be considered for computing capital gain: ITAT deletes addition [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai bench, held that the date of acquisition of the property should be considered for computing capital gain. Thus, the bench deleted the addition made by...
![Date of acquisition of property to be considered for computing capital gain: ITAT deletes addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/site-img-35.jpg "Date of acquisition of property to be considered for computing capital gain: ITAT deletes addition [Read Order]")