![Discount on ESOP Amounts to Expense, Income Tax Deduction allowable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Discount-ESOP-expense-Deduction-ITAT-taxscan.jpg "Discount on ESOP Amounts to Expense, Income Tax Deduction allowable: ITAT [Read Order]")
Discount on ESOP Amounts to Expense, Income Tax Deduction allowable: ITAT [Read Order]
The Bangalore Bench of the Income Tax Appellate Tribunal (ITAT) held that a discount on Employee Stock Option Plan (ESOP) amounts to expense and...
![Deduction u/s 54F is allowable on Purchase of Property Outside India: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Deduction-Purchase-of-Property-ITAT-taxscan.jpg "Deduction u/s 54F is allowable on Purchase of Property Outside India: ITAT [Read Order]")
![Addition of Unexplained Cash based on doubt not sustainable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/unexplained-cash-ITAT-taxscan.jpg "Addition of Unexplained Cash based on doubt not sustainable: ITAT [Read Order]")
![Contract based on which Addition is made is Subject Matter of Litigation: Protective Assessment can’t be made, rules ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Contract-Litigation-Protective-Assessment-ITAT-Taxscan.jpeg "Contract based on which Addition is made is Subject Matter of Litigation: Protective Assessment can’t be made, rules ITAT [Read Order]")
![Assessee fails to Explain Drastic Decrease of Share Rate from Rs.5.6 cr to Rs.15 lakhs: ITAT holds Transaction as Bogus and upholds Disallowance of Short-Term Capital Loss [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Assessee-Share-rate-ITAT-Transaction-Bogus-uphold-Disallowance-Short-Term-Capital-Loss-taxscan.jpg "Assessee fails to Explain Drastic Decrease of Share Rate from Rs.5.6 cr to Rs.15 lakhs: ITAT holds Transaction as Bogus and upholds Disallowance of Short-Term Capital Loss [Read Order]")
Reimbursement of Salary based on Cost to Cost without any Profit element cannot attract TDS Liability u/s 195: ITAT [Read Order]
The Bangalore Bench of Income Tax Appellate Tribunal (ITAT) has held that Tax Deduction at Source (TDS) is not applicable to reimbursement of salary based on the cost to cost without any profit...
![Reimbursement of Salary based on Cost to Cost without any Profit element cannot attract TDS Liability u/s 195: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Salary-profit-element-TDS-Liability-ITAT-cost-to-cost-Reimbursement-Taxscan.jpg "Reimbursement of Salary based on Cost to Cost without any Profit element cannot attract TDS Liability u/s 195: ITAT [Read Order]")
Cash Transactions between Trust and Managing Trustee are not covered u/s 269SS of Income Tax Act: ITAT deletes Penalty [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) has held that the managing trustee of the society is not covered by the expression “any other persons” occurring in section 269SS or...
![Cash Transactions between Trust and Managing Trustee are not covered u/s 269SS of Income Tax Act: ITAT deletes Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Cash-Transactions-Trust-Managing-Trustee-Income-Tax-Act-ITAT-Penalty-Taxscan.jpg "Cash Transactions between Trust and Managing Trustee are not covered u/s 269SS of Income Tax Act: ITAT deletes Penalty [Read Order]")
![The Term Sufficient Cause shall Interpret Liberally: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Sufficient-Cause-Interpret-Liberally-ITAT-Taxscan.jpg "The Term Sufficient Cause shall Interpret Liberally: ITAT [Read Order]")
Advance from Overseas Patients cannot be treated as Capital Receipts: ITAT Ruling on Medical Tourism [Read Order]
The Bangalore bench of the ITAT, in a significant ruling on medical tourism, has held that the advance from overseas patients cannot be treated as capital receipts since the same cannot remain...
![Advance from Overseas Patients cannot be treated as Capital Receipts: ITAT Ruling on Medical Tourism [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Advance-from-Overseas-Patients-treated-as-Capital-Receipts-ITAT-Ruling-Medical-Tourism-Taxscan.jpeg "Advance from Overseas Patients cannot be treated as Capital Receipts: ITAT Ruling on Medical Tourism [Read Order]")
Agricultural Land was not converted at the Time of Sale: ITAT deletes Capital Gain Addition [Read Order]
The ITAT Bangalore bench has held that since the agricultural land was not converted at the time of sale, the sale consideration shall not be included in the total income of the assessee to compute...
![Agricultural Land was not converted at the Time of Sale: ITAT deletes Capital Gain Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Agricultural-Land-Time-of-Sale-ITAT-sale-Capital-gain-Taxscan.jpg "Agricultural Land was not converted at the Time of Sale: ITAT deletes Capital Gain Addition [Read Order]")
![Delay in filing Form 67 can’t be a reason to deny Foreign Tax Credit: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Delay-filing-Form-67-Foreign-Tax-Credit-ITAT-tax-credit-Taxscan.jpg "Delay in filing Form 67 can’t be a reason to deny Foreign Tax Credit: ITAT [Read Order]")
Relief to Lenovo: ITAT directs to Use CUP as most appropriate Method and holds Warranty Expenditure is Allowable [Read Order]
The Bangalore bench of Income Tax Appellate Tribunal ( ITAT ) has directed to use Comparable Uncontrolled Price (CUP) as most appropriate method and held that, warranty expenditure is allowable. ...
![Relief to Lenovo: ITAT directs to Use CUP as most appropriate Method and holds Warranty Expenditure is Allowable [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Relief-to-Lenovo-ITAT-CUP-appropriate-Method-Warranty-Expenditure-Allowable-Taxscan.jpg "Relief to Lenovo: ITAT directs to Use CUP as most appropriate Method and holds Warranty Expenditure is Allowable [Read Order]")