![TDS not applicable on Computer Software affixed onto Hardware, sold as an Integrated Unit: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/06/TDS-computer-software-ITAT-Taxscan.jpg "TDS not applicable on Computer Software affixed onto Hardware, sold as an Integrated Unit: ITAT [Read Order]")
TDS not applicable on Computer Software affixed onto Hardware, sold as an Integrated Unit: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore Bench held that TDS not applicable on computer software affixed onto hardware, sold as an...
![Mere Transfer of Possession of Land to Developer under MoU not sufficient to prove ‘Sale’: ITAT Quashes Assessment solely based on TDS Statement [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/Possession-of-Land-MoU-ITAT-TDS-Statement-Taxscan-1.jpg "Mere Transfer of Possession of Land to Developer under MoU not sufficient to prove ‘Sale’: ITAT Quashes Assessment solely based on TDS Statement [Read Order]")
![Delay in filing of Income Tax Return due to Financial Difficulties: ITAT quashes Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/Delay-filing-of-Income-Tax-Return-Financial-Difficulties-ITAT-Penalty-taxscan.jpg "Delay in filing of Income Tax Return due to Financial Difficulties: ITAT quashes Penalty [Read Order]")
![Owner eligible to Deduct Cost of Construction from Sale Consideration of Flats received under JDA: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/Cost-of-Construction-Sale-Consideration-Flats-JDA-ITAT-taxscan.jpg "Owner eligible to Deduct Cost of Construction from Sale Consideration of Flats received under JDA: ITAT [Read Order]")
![Mere Unrecognized Method followed by Assessee to Compute Taxable Income can’t be Estoppel: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/Mere-unrecognized-compute-taxable-income-estoppel-ITAT-Taxscan-opengraph.jpeg "Mere Unrecognized Method followed by Assessee to Compute Taxable Income can’t be Estoppel: ITAT [Read Order]")
![15% Contribution to SPV retained by Monitoring Committee to be treated as Business Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/SPV-monitoring-committee-business-expenditure-ITAT.jpg "15% Contribution to SPV retained by Monitoring Committee to be treated as Business Expenditure: ITAT [Read Order]")
Independent Building to be considered One Residential House: ITAT allows Deduction on Account of Long-Term Capital Gain [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore Bench allowed the deduction on account of long-term Capital Gain. The assessee, Halesh K.C. along with other family members had sold an...
![Independent Building to be considered One Residential House: ITAT allows Deduction on Account of Long-Term Capital Gain [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/Independent-building-residential-house-ITAT-deduction-on-account-long-term-Capital-Gain-Taxscan.jpg "Independent Building to be considered One Residential House: ITAT allows Deduction on Account of Long-Term Capital Gain [Read Order]")
Relief to Congress Leader N A Haris: ITAT directs AO to Re-Assess Income earned from FDs by examining Bank Statements [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore Bench directed the AO to bring on tax correct income earned from Fixed Deposits by examining bank statements. The assessee, N.A. Haris contended...
![Relief to Congress Leader N A Haris: ITAT directs AO to Re-Assess Income earned from FDs by examining Bank Statements [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/ITAT-AO-tax-correct-income-earned-FDs-examining-bank-statements-Taxscan.jpeg "Relief to Congress Leader N A Haris: ITAT directs AO to Re-Assess Income earned from FDs by examining Bank Statements [Read Order]")
![ITAT deletes Penalty on Undisclosed Income as Search wasn’t initiated [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/01/Undisclosed-Income-Search-ITAT-Penalty-Income-taxscan.jpg "ITAT deletes Penalty on Undisclosed Income as Search wasn’t initiated [Read Order]")
Income received during negotiation for Transfer of Capital Asset as ‘Other Income’, Usage of Fund can’t be a Reason to impose Tax Liability: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore Bench held that the usage of fund cannot be the reason to impose tax liability. The assessee filed his return of income for the assessment year...
![Income received during negotiation for Transfer of Capital Asset as ‘Other Income’, Usage of Fund can’t be a Reason to impose Tax Liability: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/10/ITAT-Tax-Liability-Usage-Fund-Income-impose-Tax-Liability-Capital-Asset-Other-Income-Taxscan.jpg "Income received during negotiation for Transfer of Capital Asset as ‘Other Income’, Usage of Fund can’t be a Reason to impose Tax Liability: ITAT [Read Order]")
No Disallowance of Interest Expenditure if Interest-Free Funds are more than Value of Investments and Loan Funds haven’t used to make Investments: ITAT
The Income Tax Appellate Tribunal (ITAT) Bangalore bench while remitting the matter back to the Assessing Officer (AO) said that if the interest-free funds available with the assessee is more than...
Foreign Exchange Loss on Repayment of Borrowings is Revenue Expenditure: ITAT allows Relief to Cafe Coffee Day [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore has granted relief to Cafe Coffee Day and held that foreign exchange loss due to the reinstatement of the accounts at the end of the financial year...
![Foreign Exchange Loss on Repayment of Borrowings is Revenue Expenditure: ITAT allows Relief to Cafe Coffee Day [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/02/Cafe-Coffee-Day-Foreign-Exchange-Revenue-Expenditure-ITAT-Taxscan.jpg "Foreign Exchange Loss on Repayment of Borrowings is Revenue Expenditure: ITAT allows Relief to Cafe Coffee Day [Read Order]")