![TDS interest paid on Account of Expenses on repair and maintenance of Aircrafts not allowable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/TDS-interest-paid-account-of-expenses-repair-and-Maintenance-of-Aircrafts-ITAT-TAXSCAN.jpg "TDS interest paid on Account of Expenses on repair and maintenance of Aircrafts not allowable: ITAT [Read Order]")
TDS interest paid on Account of Expenses on repair and maintenance of Aircrafts not allowable: ITAT [Read Order]
The Delhi bench of Income Tax Appellate Tribunal (ITAT) ruled that interest paid on account of expenses on repair and maintenance of aircrafts are...
![No Disallowance u/s 40A(2) towards Payments of Supervision and Risk Management Charges to Relative Concerns: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Delhi-Disallowance-Income-Tax-TAXSCAN.jpg "No Disallowance u/s 40A(2) towards Payments of Supervision and Risk Management Charges to Relative Concerns: ITAT [Read Order]")
![Failure to establish element of Bogus Sale of Shares as Unexplained with respect to LTCG on Shares: ITAT deletes addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Ahmedabad-Income-Tax-Sale-of-Shares-TAXSCAN.jpg "Failure to establish element of Bogus Sale of Shares as Unexplained with respect to LTCG on Shares: ITAT deletes addition [Read Order]")
![Kerala HC directs to Defer Income Tax Recovery till Disposal of Stay Petition before CIT(A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Kerala-High-Court-Income-Tax-Income-Tax-Recovery-Disposal-of-Stay-Petition-TAXSCAN.jpg "Kerala HC directs to Defer Income Tax Recovery till Disposal of Stay Petition before CIT(A) [Read Order]")
![No Income Tax Penalty Leviable u/s 271FA without Reportable Transactions: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/No-Income-Tax-Penalty-Income-Tax-Penalty-Transactions-ITAT-taxscann.jpg "No Income Tax Penalty Leviable u/s 271FA without Reportable Transactions: ITAT [Read Order]")
ITAT directs AO to re-compute book profit u/s 115JB of Income Tax Act by giving opportunity of being heard to assessee [Read Order]
The two member bench of Income Tax Appellate Tribunal (ITAT) Delhi bench directs assessing officers to re-compute book profit under Section 115JB of the Income Tax Act, 1961 by giving the...
![ITAT directs AO to re-compute book profit u/s 115JB of Income Tax Act by giving opportunity of being heard to assessee [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Exemption-Income-Tax-Act-Income-Tax-activities-of-Trust-Trust-Nature-of-Trade-Trade-Commerce-taxscan-Business-ITAT.jpg "ITAT directs AO to re-compute book profit u/s 115JB of Income Tax Act by giving opportunity of being heard to assessee [Read Order]")
ITAT direct to Allow Exemption u/s 10(38) of Income Tax Act only after verifying status of STT Payment [Read Order]
The two member bench of Income Tax Appellate Tribunal ( ITAT ) Delhi bench directed to allow exemption under section 10(38) of the Income Tax Act, 1961 only after verifying the status of STT payment....
![ITAT direct to Allow Exemption u/s 10(38) of Income Tax Act only after verifying status of STT Payment [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Delhi-Income-Tax-Exemption-TAXSCAN.jpg "ITAT direct to Allow Exemption u/s 10(38) of Income Tax Act only after verifying status of STT Payment [Read Order]")
![ITAT upholds addition made on account of commission income earned from accommodation entries [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-addition-income-ITAT-upholds-addition-made-on-account-of-commission-income-accommodation-entries-taxscan-1.jpg "ITAT upholds addition made on account of commission income earned from accommodation entries [Read Order]")
Stubbed Diamond Jewellery found during Search Proceedings need not to declared in Wealth Tax Return: ITAT deletes Addition [Read Order]
The two member bench of Delhi Income Tax Appellate Tribunal (ITAT) ruled that stubbed diamond jewelry found during the search proceedings should not need to be declared in wealth tax return. Hence...
![Stubbed Diamond Jewellery found during Search Proceedings need not to declared in Wealth Tax Return: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Stubbed-Diamond-Jewellery-Search-Proceedings-Tax-Return-ITAT-Addition-taxscan.jpg "Stubbed Diamond Jewellery found during Search Proceedings need not to declared in Wealth Tax Return: ITAT deletes Addition [Read Order]")
Share Capital from Directors and Shareholders of Company duly discharged with Evidence: ITAT deletes addition u/s 68 of Income Tax Act [Read Order]
The Delhi bench of Income Tax Appellate Tribunal (ITAT) ruled that share capital received from directors and shareholders of the company was duly discharged with evidence . Therefore the bench ...
![Share Capital from Directors and Shareholders of Company duly discharged with Evidence: ITAT deletes addition u/s 68 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Share-Capital-Directors-Shareholders-Directors-and-Shareholders-of-Company-ITAT-taxscan.jpg "Share Capital from Directors and Shareholders of Company duly discharged with Evidence: ITAT deletes addition u/s 68 of Income Tax Act [Read Order]")
Marketing Services Rendered by US Entity in India not Taxable in India as FTS: ITAT deletes Addition [Read Order]
The Bangalore bench of Income Tax Appellate Tribunal (ITAT) recently held that marketing service rendered by the US entity in India is not taxable in India aa Fee for Technical Service (FTS)....
![Marketing Services Rendered by US Entity in India not Taxable in India as FTS: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Marketing-Services-US-entity-in-India-taxable-in-India-as-FTS-ITAT-deletes-addition-TAXSCAN.jpg "Marketing Services Rendered by US Entity in India not Taxable in India as FTS: ITAT deletes Addition [Read Order]")
Delay in filing appeal before Lower Authorities due to Mistake of Counsel: ITAT directs Readjudication [Read Order]
Bangalore bench of Income Tax Appellate Tribunal ( ITAT ), observed that the delay in filing appeal before the lower authorities happened due to the mistake of assessee counsel. Therefore the bench...
![Delay in filing appeal before Lower Authorities due to Mistake of Counsel: ITAT directs Readjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Bangalore-Income-Tax-Readjudication-TAXSCAN.jpg "Delay in filing appeal before Lower Authorities due to Mistake of Counsel: ITAT directs Readjudication [Read Order]")