![Penalty levied by SEBI for shortfall in margin money eligible for Deduction u/s 37: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Penalty-SEBI-Deduction-ITAT-taxscan.jpg "Penalty levied by SEBI for shortfall in margin money eligible for Deduction u/s 37: ITAT [Read Order]")
Penalty levied by SEBI for shortfall in margin money eligible for Deduction u/s 37: ITAT [Read Order]
Income Tax Appellate Tribunal (ITAT), Mumbai held that penalty levied by SEBI for shortfall in margin money eligible for Deduction u/s 37. The...
![IBM India not required to deduct TDS on Payment to IBM Philippines for Payroll Related Services: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/IBM-India-TDS-IBM-Philippines-Payroll-Related-Services-ITAT-Taxscan.jpg "IBM India not required to deduct TDS on Payment to IBM Philippines for Payroll Related Services: ITAT [Read Order]")
![Air India cannot be deemed as Assessee in Default in respect of payment to AIESL: ITAT directs fresh Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Air-India-Assessee-in-Default-payment-AIESL-ITAT-fresh-Adjudication-taxscan.jpeg "Air India cannot be deemed as Assessee in Default in respect of payment to AIESL: ITAT directs fresh Adjudication [Read Order]")
![No Proper Reason for Non-Appearance before Income Tax Authorities: ITAT imposes Cost of Rs. 10,000 on Assessee [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Non-Appearance-Income-Tax-Authorities-ITAT-Assessee-Income-tax-Taxscan.jpg "No Proper Reason for Non-Appearance before Income Tax Authorities: ITAT imposes Cost of Rs. 10,000 on Assessee [Read Order]")
Amended Provisions relating to Income Tax Deduction towards Contribution towards ESI and PF not applicable to AY 2018-19: ITAT [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) has held that the amended provisions of section 43B and 36(1)(va) of the Income Tax Act, 1961 relating to employees’ contribution...
![Amended Provisions relating to Income Tax Deduction towards Contribution towards ESI and PF not applicable to AY 2018-19: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Amended-Provisions-Deduction-Contribution-ESI-and-PF-AY-ITAT-Taxscan.jpeg "Amended Provisions relating to Income Tax Deduction towards Contribution towards ESI and PF not applicable to AY 2018-19: ITAT [Read Order]")
Business Promotion Expenses incurred exclusively for the purpose of business can’t be Disallowed: ITAT remits the matter to AO [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore Bench while remitting the matter back to the Assessing Officer (AO) ruled that the Business Promotion Expenses incurred exclusively for the purpose...
![Business Promotion Expenses incurred exclusively for the purpose of business can’t be Disallowed: ITAT remits the matter to AO [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/Business-Promotion-Expenses-ITAT-AO-Taxscan.jpg "Business Promotion Expenses incurred exclusively for the purpose of business can’t be Disallowed: ITAT remits the matter to AO [Read Order]")
Relief to UL India Pvt Ltd: ITAT remitted the issue of determination of ALP in the certification services segment back to TPO [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore Bench remitted the issue of determination of ALP in the certification services segment back to Transfer Pricing Officer (TPO). The assessee, UL...
![Relief to UL India Pvt Ltd: ITAT remitted the issue of determination of ALP in the certification services segment back to TPO [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/ITAT-ALP-certification-services-segment-Taxscan.jpg "Relief to UL India Pvt Ltd: ITAT remitted the issue of determination of ALP in the certification services segment back to TPO [Read Order]")
Sale proceeds deducted by the Monitory Committee from E-Auction Sale of Mineral Stock allowable as Deduction u/s 37(1): ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) Bangalore, has ruled that amount of sale proceeds deducted by the Monitory committee from e-auction sale of mineral stock belonging to the assessee and which...
![Sale proceeds deducted by the Monitory Committee from E-Auction Sale of Mineral Stock allowable as Deduction u/s 37(1): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/ITAT-Monetary-committee-e-auction-sale-of-mineral-stock-Taxscan.jpg "Sale proceeds deducted by the Monitory Committee from E-Auction Sale of Mineral Stock allowable as Deduction u/s 37(1): ITAT [Read Order]")
Reopening of Assessment on account of 'Change of Opinion' isn’t valid: ITAT quashes orders passed by Tax Authorities [Read Order]
The Income Tax Appellate Tribunal (ITAT) while quashing the orders passed by tax authorities ruled that the reopening of assessment on account of “change of opinion” is not valid. The assessee,...
![Reopening of Assessment on account of Change of Opinion isn’t valid: ITAT quashes orders passed by Tax Authorities [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/assessment-on-account-change-of-opinion-ITAT-tax-authorities-Taxscan.jpg "Reopening of Assessment on account of Change of Opinion isn’t valid: ITAT quashes orders passed by Tax Authorities [Read Order]")
![ITAT: Income on sale of shares of company merged has to be regarded as LTCG [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/ITAT-Income-on-sale-of-shares-of-company-LTCG-Taxscan.jpg "ITAT: Income on sale of shares of company merged has to be regarded as LTCG [Read Order]")
ITAT stays recovery of outstanding Tax Arrears to the tune of Rs.1260.56 Crores against Google India [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore Bench stayed the recovery of outstanding tax arrears to the tune of Rs.1260.56 Crores against Google India. Originally the stay was granted by...
![ITAT stays recovery of outstanding Tax Arrears to the tune of Rs.1260.56 Crores against Google India [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/12/ITAT-outstanding-tax-arrears-Google-India-Taxscan.jpg "ITAT stays recovery of outstanding Tax Arrears to the tune of Rs.1260.56 Crores against Google India [Read Order]")