![Private Discretionary Trust is AOP, CBDT Circular treating the same as Individual due to Difficulties in E-filing Software can’t be Relied: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Private-Discretionary-Trust-AOP-CBDT-Circular-Individual-E-filing-Software-ITAT-Taxscan.jpeg "Private Discretionary Trust is AOP, CBDT Circular treating the same as Individual due to Difficulties in E-filing Software can’t be Relied: ITAT [Read Order]")
Private Discretionary Trust is 'AOP', CBDT Circular treating the same as 'Individual' due to Difficulties in E-filing Software can’t be Relied: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai bench has held that the private discretionary trust shall be treated as “AoP” and rejected the plea...
![Income Tax cannot be levied on Compensation received from Compulsory Acquisition of Land: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Income-Tax-Compensation-Compulsory-Acquisition-Land-ITAT-Taxscan.jpg "Income Tax cannot be levied on Compensation received from Compulsory Acquisition of Land: ITAT [Read Order]")
![Income Tax: CBDT Circular doesn’t empower Assessing Officer to take Advantage of Assessees’ Ignorance and collect More Tax, rules Karnataka High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2022/03/Income-Tax-CBDT-Circular-Assessing-Officer-Assessees-Ignorance-Tax-Karnataka-High-Court-Taxscan.jpg "Income Tax: CBDT Circular doesn’t empower Assessing Officer to take Advantage of Assessees’ Ignorance and collect More Tax, rules Karnataka High Court [Read Judgment]")
![Relief to Union Bank: ITAT quashes Income Tax Reassessment as No New Material brought on Record [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/06/Union-Bank-of-India-ITAT-reassessment-taxscan.jpeg "Relief to Union Bank: ITAT quashes Income Tax Reassessment as No New Material brought on Record [Read Order]")
![Freebies to Doctors: Income Tax Deduction to Pharma Companies can’t be denied invoking CBDT Circulars, says ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/08/ITAT-Income-Tax-Deduction-DoctorsPharma-Companies-Freebies-Doctors-Taxscan.jpg "Freebies to Doctors: Income Tax Deduction to Pharma Companies can’t be denied invoking CBDT Circulars, says ITAT [Read Order]")
Supply of Software and Other Services are not Royalty or FTS, not Taxable: Delhi HC [Read Judgment]
The Delhi High Court on a writ petition filed by PARADIGM GEOPHYSICAL PVT LTD held that the supply of software and other services are not Royalty/ Fees for Technical Services(FTS) and therefore, the...
![Supply of Software and Other Services are not Royalty or FTS, not Taxable: Delhi HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/05/Software-Services-GST-Taxscan.jpg "Supply of Software and Other Services are not Royalty or FTS, not Taxable: Delhi HC [Read Judgment]")
![License Fees for use of IT Parks Assessable as Business Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/02/License-Fee-Business-Income-ITAT-Taxscan.jpg "License Fees for use of IT Parks Assessable as Business Income: ITAT [Read Order]")
![Credit Card Commission to Banks does not attract TDS: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/12/Credit-Card-Payments-Taxscan.jpg "Credit Card Commission to Banks does not attract TDS: ITAT [Read Order]")
CBDT Circular prescribing Monetary Limit for Tax Appeals applies to Wealth Tax Matters [Read Circular]
The Central Board of Direct Taxes ( CBDT ) has clarified that the circular issued by the Board on July 2018 prescribing monetary limits for tax appeals would also apply to matters relating to Wealth...
Official Assignee need to Compute Tax and File ITR in status of ‘Artificial Juridical Persons’: CBDT [Read Circular]
The Central Board of Direct Taxes ( CBDT ) has clarified that the Official Assignee, who realizes property of the insolvent and allocated it amongst the creditors of the insolvent, is required to file...
CBDT Circular clarifying No TDS for Bank Guarantee Commission has Retrospective Effect: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that the circular issued by the Central Board of Direct Taxes ( CBDT ) clarifying that there is no need to deduct TDS on the Bank...
![CBDT Circular clarifying No TDS for Bank Guarantee Commission has Retrospective Effect: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/03/ITAT-Taxscan.jpg "CBDT Circular clarifying No TDS for Bank Guarantee Commission has Retrospective Effect: ITAT [Read Order]")
![CBDT issues Circular on TDS from Salaries [Read Circular]](https://www.taxscan.in/wp-content/uploads/2019/01/TDS-Salary-Taxscan.jpg "CBDT issues Circular on TDS from Salaries [Read Circular]")