![Determination of ALP of Professional Fee should not be carried out by AO in a case where reference is not made to TPO: ITAT Deletes Addition towards transfer pricing adjustment [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Determination-of-ALP-Professional-Fee-AO-TPO-ITAT-Addition-transfer-pricing-adjustment-taxscan.jpg "Determination of ALP of Professional Fee should not be carried out by AO in a case where reference is not made to TPO: ITAT Deletes Addition towards transfer pricing adjustment [Read Order]")
Determination of ALP of Professional Fee should not be carried out by AO in a case where reference is not made to TPO: ITAT Deletes Addition towards transfer pricing adjustment [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) held that the determination of Arms Length Price (ALP) of professional fee should not be...
![Finance cost should be Allowed as a Deduction u/s 36(1)(iii) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Finance-cost-Deduction-Income-Tax-Act-ITAT-income-tax-news-tax-news-taxscan.jpg "Finance cost should be Allowed as a Deduction u/s 36(1)(iii) of Income Tax Act: ITAT [Read Order]")
![Commission charged by AO considering Market Trend in Providing Accommodation Entries, not on Ad-Hoc basis: ITAT confirms Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Commission-charged-considering-Market-Trend-Providing-Accommodation-Entries-ITAT-Confirms-Addition-Ad-Hoc-basis-ITAT-News-Income-Tax-News-Tax-News-TAXSCAN.jpg "Commission charged by AO considering Market Trend in Providing Accommodation Entries, not on Ad-Hoc basis: ITAT confirms Addition [Read Order]")
![ITAT directs Assessing Officer to include only Investments yielding Dividend Income for Computing disallowance [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/ITAT-AO-investments-dividend-income-computing-disallowance-Taxscan.jpg "ITAT directs Assessing Officer to include only Investments yielding Dividend Income for Computing disallowance [Read Order]")
ITAT rightly computed the capital gains by adopting the rate of acquisition at Rs.200: Karnataka HC grants relief to Intel [Read Judgment]
The Karnataka High Court, while ruling in the favour of the assessee, Intel Capital (Cayman) Corporation held that the ITAT rightly computed the capital gains by adopting the rate of acquisition at...
![ITAT rightly computed the capital gains by adopting the rate of acquisition at Rs.200: Karnataka HC grants relief to Intel [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/10/ITAT-Intel-rate-acquisition-capital-gains-Taxscan.jpg "ITAT rightly computed the capital gains by adopting the rate of acquisition at Rs.200: Karnataka HC grants relief to Intel [Read Judgment]")
Securities Exchange is entitled to exercise its Right of Lien on Security Deposits, reiterates Bombay HC [Read Judgment]
The Bombay High Court has reiterated that the security exchange is entitled to exercise its right of lien on security deposits. The Writ Petition was filed by the Stock Exchange Bombay, now called as...
![Securities Exchange is entitled to exercise its Right of Lien on Security Deposits, reiterates Bombay HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/02/Security-Deposits-Bombay-High-Court-Taxscan-1.jpg "Securities Exchange is entitled to exercise its Right of Lien on Security Deposits, reiterates Bombay HC [Read Judgment]")
SAT confirms Penalty for Non-Appointment of Company Secretary and Two Independent Directors [Read Order]
The Securities Appellate Tribunal (SAT), Mumbai upheld the penalty imposed by the Bombay Stock Exchange (BSE) for non-appointment of Company Secretary and two Independent Directors in the absence of...
![SAT confirms Penalty for Non-Appointment of Company Secretary and Two Independent Directors [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/12/secrity.jpg "SAT confirms Penalty for Non-Appointment of Company Secretary and Two Independent Directors [Read Order]")