![Interest on Enhanced Compensation for Land Acquisition: No Addition Even If TDS was Deducted, rules ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Interest-Compensation-Land-Acquisition-TDS-ITAT-taxscan.jpg "Interest on Enhanced Compensation for Land Acquisition: No Addition Even If TDS was Deducted, rules ITAT [Read Order]")
Interest on Enhanced Compensation for Land Acquisition: No Addition Even If TDS was Deducted, rules ITAT [Read Order]
In a significant ruling on the Interest on enhanced compensation for land acquisition, the Delhi bench of the Income Tax Appellate Tribunal has held...
![Deemed Dividend u/s 2(22)(e) not applicable on Non-Shareholders: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Deemed-dividend-applicable-Non-Shareholders-ITAT-Taxscan.jpg "Deemed Dividend u/s 2(22)(e) not applicable on Non-Shareholders: ITAT [Read Order]")
![Relief to Times Internet: Consultation Fee paid to EY Allowable as Expenditure, rules ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Times-Internet-Consultation-Fee-EY-Expenditure-ITAT-Taxscan.jpeg "Relief to Times Internet: Consultation Fee paid to EY Allowable as Expenditure, rules ITAT [Read Order]")
![Receipts in nature of Royalties not Taxable as per India-USA DTAA: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Royalties-Taxable-India-USA-DTAA-ITAT-Taxscan.jpg "Receipts in nature of Royalties not Taxable as per India-USA DTAA: ITAT [Read Order]")
![Relief to Benetton India: ITAT allows Business Loss incurred on Forfeiture of Rental Security Deposits [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Benetton-India-ITAT-BusinessLoss-Rental-Security-Deposits-taxscan.jpeg "Relief to Benetton India: ITAT allows Business Loss incurred on Forfeiture of Rental Security Deposits [Read Order]")
Swiss Account cannot be Taxed in India If no incriminating evidence found against Assessee: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench ruled that the Swiss account cannot be taxed in India if no incriminating evidence is found against the assessee. The assessee, Late Shri...
![Swiss Account cannot be Taxed in India If no incriminating evidence found against Assessee: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/06/Swiss-account-ITAT-Taxscan.jpg "Swiss Account cannot be Taxed in India If no incriminating evidence found against Assessee: ITAT [Read Order]")
Entire Reassessment proceedings invalid, if assessee precluded from raising objection against Reopening of Assessment: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench ruled that the entire reassessment proceedings invalid, if assessee precluded from raising objection against reopening of the assessment. The...
![Entire Reassessment proceedings invalid, if assessee precluded from raising objection against Reopening of Assessment: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/reassessment-proceedings-assessee-reopening-of-the-assessment-ITAT-taxscan.jpeg "Entire Reassessment proceedings invalid, if assessee precluded from raising objection against Reopening of Assessment: ITAT [Read Order]")
'Initial Assessment Year' for Claim of Deduction need not be 'first year' of 'Commencement of Operations': ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench ruled that “Initial assessment year” for the claim of deduction need not be “first year” of the “commencement of operations”. The assessee,...
![Initial Assessment Year for Claim of Deduction need not be first year of Commencement of Operations: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/Initial-assessment-year-claim-of-deduction-commencement-of-operations-ITAT-taxscan.jpeg "Initial Assessment Year for Claim of Deduction need not be first year of Commencement of Operations: ITAT [Read Order]")
ITAT deletes addition on account of unexplained loan against Society for Institute for Professional Studies Ghaziabad [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench deleted the addition on account of an unexplained loan against the Society for Institute for Professional Studies Ghaziabad. The assessee,...
![ITAT deletes addition on account of unexplained loan against Society for Institute for Professional Studies Ghaziabad [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/ITAT-account-of-unexplained-loan-Institute-for-Professional-Studies-Ghaziabad-Taxscan.jpg "ITAT deletes addition on account of unexplained loan against Society for Institute for Professional Studies Ghaziabad [Read Order]")
CIT(A) cannot reject Appeal on Technical ground without giving an opportunity for Correction: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench held that CIT(A) cannot reject Appeal on technical grounds without giving an opportunity for Correction. The AO passed the ex-parte assessment...
![CIT(A) cannot reject Appeal on Technical ground without giving an opportunity for Correction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/12/CITA-reject-Appeal-opportunity-for-Correction-ITAT-Taxscan.jpg "CIT(A) cannot reject Appeal on Technical ground without giving an opportunity for Correction: ITAT [Read Order]")
Revenue derived from distribution of products can’t be taxed as ‘Royalty’ through Business Income as it is already offered under MAP: ITAT
The Income Tax Appellate Tribunal (ITAT), New Delhi held that the revenue derived from the distribution of products cannot be taxed as ‘royalty’ as business income as it is already offered under...
