![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 cannot be levied on Compensation received from Compulsory Acquisition of Land: ITAT [Read Order]
The Vishakhapatnam bench of the ITAT, comprising Shri Duvvuru Rl Reddy, Judicial Member & Shri S Balakrishnan, Accountant Member has held that...
![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]](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]")
CBDT condones Delay in filing of Forms for Charitable Trust Income Accumulation/Set Apart Option [Read Circular]
The Central Board of Direct Taxes ( CBDT ) has directed its officials to expedite the disposal of condonation applications to admit belated applications in Form No. 9A and Form No.10 in respect of AY...
![CBDT condones Delay in filing of Forms for Charitable Trust Income Accumulation/Set Apart Option [Read Circular]](https://www.taxscan.in/wp-content/uploads/2018/12/Delay-Taxscan.jpg "CBDT condones Delay in filing of Forms for Charitable Trust Income Accumulation/Set Apart Option [Read Circular]")