![Income received from India by way of Royalties shall be taxed in India only on receipt basis under Indo-Switzerland DTAA: ITAT grants relief to ABB Switzerland [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/received-India-Royalties-taxed-India-receipt-Indo-Switzerland-DTAA-ITAT-ABB-Switzerland-TAXSCAN.jpg "Income received from India by way of Royalties shall be taxed in India only on receipt basis under Indo-Switzerland DTAA: ITAT grants relief to ABB Switzerland [Read Order]")
Income received from India by way of Royalties shall be taxed in India only on receipt basis under Indo-Switzerland DTAA: ITAT grants relief to ABB Switzerland [Read Order]
The Income Tax Appellate Tribunal (ITAT) Bangalore bench while granting relief to ABB Switzerland held that income received from India by...
![ITAT directs to Estimate 25% Profit Towards Income from Sale of Milk Products Deposited in Bank During Demonetisation Period [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/ITAT-directs-to-Estimate-25-Profit-Towards-Income-from-Sale-of-Milk-Products-ITAT-Profit-Sale-of-Milk-Products-Demonetisation-Period-Taxscan.jpg "ITAT directs to Estimate 25% Profit Towards Income from Sale of Milk Products Deposited in Bank During Demonetisation Period [Read Order]")
![Unawareness of Assessee towards New Faceless System cannot be Reason for Huge Addition: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Unawareness-of-Assessee-Assessee-Unawareness-Faceless-System-New-Faceless-System-Reason-for-Huge-Addition-Huge-Addition-Addition-ITAT-taxscan.jpg "Unawareness of Assessee towards New Faceless System cannot be Reason for Huge Addition: ITAT [Read Order]")
![Goodwill acquired on Amalgamation is Eligible for Depreciation u/s 32 of Income Tax Act: ITAT deletes Disallowance [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Goodwill-Goodwill-acquired-on-Amalgamation-Amalgamation-Depreciation-Income-Tax-Act-ITAT-deletes-Disallowance-ITAT-Disallowance-Income-Tax-taxscan.jpg "Goodwill acquired on Amalgamation is Eligible for Depreciation u/s 32 of Income Tax Act: ITAT deletes Disallowance [Read Order]")
4 Months 15 days shall be Taken as 5 Months for Interest Calculation of Late Deposit of TDS: ITAT [Read Order]
The Jaipur bench of the Income Tax Appellate Tribunal (ITAT) held that term month not to be considered as per British calendar month. The case are that the assessee company was engaged in business...
![4 Months 15 days shall be Taken as 5 Months for Interest Calculation of Late Deposit of TDS: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Interest-Calculation-of-Late-Deposit-of-TDS-TDS-Interest-Calculation-Interest-Late-Deposit-ITAT-Taxscan.jpg "4 Months 15 days shall be Taken as 5 Months for Interest Calculation of Late Deposit of TDS: ITAT [Read Order]")
Assessment Proceedings can't be initiated on Fallacious Assumptions: ITAT quashes Order of CIT(A) [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) held that the assessment proceedings cannot be initiated on fallacious assumptions, therefore, the order passed by the Commissioner of...
![Assessment Proceedings cant be initiated on Fallacious Assumptions: ITAT quashes Order of CIT(A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Assessment-Proceedings-Assessment-ITAT-ITAT-quashes-Order-of-CITA-Taxscan.jpg "Assessment Proceedings cant be initiated on Fallacious Assumptions: ITAT quashes Order of CIT(A) [Read Order]")
Addition made by AO on Ground of Non Reply of Notice issued During Assessment Proceedings: ITAT Directs Re-adjudication [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) directed the assessing officer to re-adjudicate the addition made on the ground of non-reply of notice issued during the assessment...
![Addition made by AO on Ground of Non Reply of Notice issued During Assessment Proceedings: ITAT Directs Re-adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Notice-issued-During-Assessment-Proceedings-Notice-Assessment-Proceedings-Assessment-ITAT-Directs-Re-adjudication-ITAT-Re-adjudication-taxscan.jpg "Addition made by AO on Ground of Non Reply of Notice issued During Assessment Proceedings: ITAT Directs Re-adjudication [Read Order]")
Alimony Received on Divorce is not Unexplained Cash Credit u/s 68, not Taxable u/s115BBE: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Raipur Bench, has recently held that alimony received on divorce is not unexplained cash credit under Section 68, and that the same is not taxable under...
![Alimony Received on Divorce is not Unexplained Cash Credit u/s 68, not Taxable u/s115BBE: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Alimony-Received-on-Divorce-is-not-Unexplained-Cash-Credit-Alimony-Received-on-Divorce-Alimony-Unexplained-Cash-Credit-ITAT-Taxscan.jpg "Alimony Received on Divorce is not Unexplained Cash Credit u/s 68, not Taxable u/s115BBE: ITAT [Read Order]")
No addition can be made u/s 69B of Income Tax Act on account of Jewelry shown in Wealth Tax Return: ITAT [Read Order]
The Delhi bench of Income Tax Appellate Tribunal (ITAT) has recently held that no addition could be made under Section 69B of Income Tax Act on account of jewellery shown in wealth tax return. ...
![No addition can be made u/s 69B of Income Tax Act on account of Jewelry shown in Wealth Tax Return: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/addition-Income-Tax-Act-Jewelry-shown-in-Wealth-Tax-Return-Wealth-Tax-Return-ITAT-Taxscan.jpg "No addition can be made u/s 69B of Income Tax Act on account of Jewelry shown in Wealth Tax Return: ITAT [Read Order]")
![No Addition u/s 40A (3) without Doubt of Genuineness of Payment: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Genuineness-of-Payment-Addition-Doubt-of-Genuineness-of-Payment-ITAT-Taxscan.jpg "No Addition u/s 40A (3) without Doubt of Genuineness of Payment: ITAT [Read Order]")
No denial of Section 10AA Deduction Merely on filing Audit Report in Form 56F during Assessment Proceedings: ITAT [Read Order]
The Ahmadabad bench of Income Tax Appellate Tribunal (ITAT) held that the Section 10AA Income Tax Act, 1961 deduction could not be denied merely on the reason of the audit report in form 56F filed...
![No denial of Section 10AA Deduction Merely on filing Audit Report in Form 56F during Assessment Proceedings: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Section-10AA-Deduction-No-denial-of-Section-10AA-Deduction-Form-56F-Deduction-filing-Audit-Report-Audit-Report-Assessment-Proceedings-itat-taxscan.jpg "No denial of Section 10AA Deduction Merely on filing Audit Report in Form 56F during Assessment Proceedings: ITAT [Read Order]")