![Income Tax on Rental Income on Notional Basis not Applicable If Assessee could not find a Tenant for Relevant AY: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Income-Tax-Rental-Income-Tenant-ITAT-taxscan.jpeg "Income Tax on Rental Income on Notional Basis not Applicable If Assessee could not find a Tenant for Relevant AY: ITAT [Read Order]")
Income Tax on Rental Income on Notional Basis not Applicable If Assessee could not find a Tenant for Relevant AY: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chennai held that Income Tax on Rental Income on a Notional Basis is not Applicable If Assessee could not...
![Annual Value of Property let out or vacant whole or part of previous year should be computed as per Sec 23(1)(c): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Annual-Value-o-property-vacant-previous-year-ITAT-taxscan.jpeg "Annual Value of Property let out or vacant whole or part of previous year should be computed as per Sec 23(1)(c): ITAT [Read Order]")
![Defense of Ignorance of Law cannot be taken after Hiring a Chartered Accountant: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Ignorance-of-Law-Chartered-Accountant-ITAT.jpg "Defense of Ignorance of Law cannot be taken after Hiring a Chartered Accountant: ITAT [Read Order]")
![ITAT upholds Addition for Unexplained Cash Credit due to Failure to prove Genuineness of Transaction using Demonetized Currencies [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Unexplained-Cash-Credit-Transaction-Demonetized-Currencies-taxscan.jpg "ITAT upholds Addition for Unexplained Cash Credit due to Failure to prove Genuineness of Transaction using Demonetized Currencies [Read Order]")
![Cash paid for Purchase excess than prescribed limit, Disallowance of total purchase U/s 40A(3) sustain: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Cash-purchase-ITAT-taxscan.jpg "Cash paid for Purchase excess than prescribed limit, Disallowance of total purchase U/s 40A(3) sustain: ITAT [Read Order]")
Deemed Dividend u/s 2(22)(e) applicable only to Persons who are recipient of Loan and Shareholder of the Payer Company: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chennai bench has held that deemed dividend under section 2(22)(e) applies only to persons who are recipients of loan and shareholders of the Payer Company. ...
![Deemed Dividend u/s 2(22)(e) applicable only to Persons who are recipient of Loan and Shareholder of the Payer Company: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Deemed-Dividend-Persons-Loan-Shareholder-Payer-Company-ITAT-taxscan.jpg "Deemed Dividend u/s 2(22)(e) applicable only to Persons who are recipient of Loan and Shareholder of the Payer Company: ITAT [Read Order]")
![Redemption Fee can’t be imposed for ADD Escaped Assessment: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Redemption-Fee-ADD-Escaped-Assessment-CESTAT-Taxscan.jpg "Redemption Fee can’t be imposed for ADD Escaped Assessment: CESTAT [Read Order]")
SSI Benefit cannot be denied since Manufacturer has Right to Use Brand Name of Another and Cleared Goods: CESTAT [Read Order]
The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Chennai bench has held that the SSI Benefit cannot be denied to a manufacturer for clearing the goods using another brand name by...
![SSI Benefit cannot be denied since Manufacturer has Right to Use Brand Name of Another and Cleared Goods: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/SSI-Benefit-Manufacturer-Brand-Name-Another-Cleared-Goods-CESTAT-Taxscan.jpg "SSI Benefit cannot be denied since Manufacturer has Right to Use Brand Name of Another and Cleared Goods: CESTAT [Read Order]")
CESTAT sets aside Penalty on Customs Broker as revenue failed to establish Goods mentioned in Shipping Bills didn’t reflect truth of Consignment sought to be Exported [Read Order]
The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Chennai Bench has quashed the penalty on Customs Broker as revenue failed to establish goods mentioned in shipping bills did not...
![CESTAT sets aside Penalty on Customs Broker as revenue failed to establish Goods mentioned in Shipping Bills didn’t reflect truth of Consignment sought to be Exported [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/01/f0e36923-82c5-4d2e-acb0-593da3fc0be5.jpg "CESTAT sets aside Penalty on Customs Broker as revenue failed to establish Goods mentioned in Shipping Bills didn’t reflect truth of Consignment sought to be Exported [Read Order]")
Wife eligible for Capital Gain Deduction towards House purchased in Husband’s Name: ITAT [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal (ITAT) has held that the wife is eligible for deduction under section 54 of the Income Tax Act for the investment in a house in the name of her...
![Wife eligible for Capital Gain Deduction towards House purchased in Husband’s Name: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/02/Income-Tax-Act-House-Purchased-ITAT-Taxscan.jpg "Wife eligible for Capital Gain Deduction towards House purchased in Husband’s Name: ITAT [Read Order]")
No Service Tax on consideration Received from Foreign Service Recipient under Storage and Warehousing Services: CESTAT [Read Order]
The Chennai bench of the Customs Excise and Service Tax Appellate Tribunal (CESTAT) held that the Service Tax on consideration received by the appellant from the Foreign Service Recipient under...
![No Service Tax on consideration Received from Foreign Service Recipient under Storage and Warehousing Services: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/11/Warehouse-Taxscan.jpg "No Service Tax on consideration Received from Foreign Service Recipient under Storage and Warehousing Services: CESTAT [Read Order]")
Payments made to Non-Residents for the purchase of Software not Chargeable to Tax in India: ITAT Chennai [Read Order]
The Chennai bench of Income Tax Appellate Tribunal(ITAT) has recently expressed a view that payments made to the non-residents towards the purchase of software products were not chargeable to tax...
![Payments made to Non-Residents for the purchase of Software not Chargeable to Tax in India: ITAT Chennai [Read Order]](/images/placeholder.jpg "Payments made to Non-Residents for the purchase of Software not Chargeable to Tax in India: ITAT Chennai [Read Order]")