![Income earned in Absence of FTS clause in DTAA would fall as Business Income and cannot Taxed in India in Absence of PE: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Income-DTAA-Business-Income-PE-ITAT-taxscan.jpg "Income earned in Absence of FTS clause in DTAA would fall as Business Income and cannot Taxed in India in Absence of PE: ITAT [Read Order]")
Income earned in Absence of FTS clause in DTAA would fall as Business Income and cannot Taxed in India in Absence of PE: ITAT [Read Order]
The Delhi Bench Income Tax Appellate Tribunal has held that income earned in absence of Fee for Technical Service (FTS) clause in Double tax...
![No Addition u/s 153C can be made in Absence of any Incriminating Material for a Completed Assessment: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Addition-ncriminating-Material-Assessment-ITAT-taxscan.jpeg "No Addition u/s 153C can be made in Absence of any Incriminating Material for a Completed Assessment: ITAT [Read Order]")
![International Transaction should be benchmarked using Custom Valuation Data: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/International-Transaction-benchmarked-Custom-Valuation-Data-ITAT-taxscan.jpeg "International Transaction should be benchmarked using Custom Valuation Data: ITAT [Read Order]")
![No Deduction of Profits and Gains from Industrial undertakings u/s 80IA (4) without Notification issued by the Competent Authority: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Deduction-Profits-and-Gains-Competent-Authority-taxscan.jpeg "No Deduction of Profits and Gains from Industrial undertakings u/s 80IA (4) without Notification issued by the Competent Authority: ITAT [Read Order]")
Denial of Benefit u/s 10A only because of Form No.56F was not Filed is quite erroneous: ITAT [Read Order]
The Pune bench of the Income Tax Appellate Tribunal ( ITAT ) has held that denial of benefit u/s 10A only because Form No.56F was not filed is quite erroneous. The appellant, revenue filed appeal...
![Denial of Benefit u/s 10A only because of Form No.56F was not Filed is quite erroneous: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/WhatsApp-Image-2022-03-11-at-4.03.17-PM.jpeg "Denial of Benefit u/s 10A only because of Form No.56F was not Filed is quite erroneous: ITAT [Read Order]")
If Assesse failed to discharge the Onus under Section 68 of the Income Tax Act, There is No Escape from Tax Liabilities: ITAT [Read Order]
The Income Tax Appellate Authority ( ITAT ) has held that if the assesse failed to discharge the onus under section 68 of the Act, there is no escape for the assesse from the clutches of section 68...
![If Assesse failed to discharge the Onus under Section 68 of the Income Tax Act, There is No Escape from Tax Liabilities: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Assesse-failed-to-discharge-the-Onus-Section-68-Income-Tax-Act-Tax-Liabilities-ITAT.jpg "If Assesse failed to discharge the Onus under Section 68 of the Income Tax Act, There is No Escape from Tax Liabilities: ITAT [Read Order]")
Unascertained Liability cannot be allowed as Embezzlement Losses in computing Business Income: ITAT [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Bangalore has held that the embezzlement loss stated by the assesse is not ascertained liability and hence cannot allow as loss in business income. The...
![Unascertained Liability cannot be allowed as Embezzlement Losses in computing Business Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Unascertained-Liability-Embezzlement-Losses-computing-Business-Income-ITAT.jpeg "Unascertained Liability cannot be allowed as Embezzlement Losses in computing Business Income: ITAT [Read Order]")
No Disallowance on failure to Deduct TDS If Employees Commission is declared as Salary: Bombay HC [Read Order]
The Bombay High Court has held that the department cannot make disallowance under section 40(a)(ia) of the Income Tax Act on the failure of the assessee to deduct TDS if employee's commission is...
![No Disallowance on failure to Deduct TDS If Employees Commission is declared as Salary: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Bombay-High-Court-Salary-TDS-Bombay-HC-taxscan.jpg "No Disallowance on failure to Deduct TDS If Employees Commission is declared as Salary: Bombay HC [Read Order]")
Delhi HC dismisses appeal against deletion of Addition for Share Premium or Bogus Purchases or Cash deposits in Bank as no challenge was made to evidence [Read Judgment]
The Delhi High Court has dismissed the appeal against deletion of addition for share premium or bogus purchases or Cash deposits in bank as no challenge was made to evidence. The assessee, Agson...
![Delhi HC dismisses appeal against deletion of Addition for Share Premium or Bogus Purchases or Cash deposits in Bank as no challenge was made to evidence [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2022/01/Cash-Deposit-Delhi-High-Court-Cash-deposited-Taxscan.jpeg "Delhi HC dismisses appeal against deletion of Addition for Share Premium or Bogus Purchases or Cash deposits in Bank as no challenge was made to evidence [Read Judgment]")
Income Tax Dept can’t withhold Tax as there is No Provision in Indo-UAE DTAA for Fee for Technical Services: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi bench, while deleting a disallowance made by the income tax department, held that since there is no provision in the Indo-UAE double tax treaty...
![Income Tax Dept can’t withhold Tax as there is No Provision in Indo-UAE DTAA for Fee for Technical Services: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/01/IndoUAE-DTAA-iTAT.jpg "Income Tax Dept can’t withhold Tax as there is No Provision in Indo-UAE DTAA for Fee for Technical Services: ITAT [Read Order]")
Karnataka High Court allows Income Tax Deduction on loss suffered by Assessee on Foreign Exchange Fluctuation Loss [Read Order]
The Karnataka High Court allowed the Income Tax deduction on the loss suffered by an assessee on account of Foreign Exchange Fluctuation Loss. The assessee, M/s United Spirits Ltd. claimed an...
![Karnataka High Court allows Income Tax Deduction on loss suffered by Assessee on Foreign Exchange Fluctuation Loss [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/11/Karnataka-High-Court-Foreign-Exchange-Fluctuation-Loss-Taxscan.jpg "Karnataka High Court allows Income Tax Deduction on loss suffered by Assessee on Foreign Exchange Fluctuation Loss [Read Order]")