![“Live Rights” not “Copyright”, any Payment made not Taxable as Royalty: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/ITAT-ITAT-Delhi-Live-Rights-Copyright-Royalty-fee-Royalty-tax-Tax-news-Royalty-TAXSCAN.jpg "“Live Rights” not “Copyright”, any Payment made not Taxable as Royalty: ITAT [Read Order]")
“Live Rights” not “Copyright”, any Payment made not Taxable as Royalty: ITAT [Read Order]
The New Delhi Bench of the Income Tax Appellate Tribunal ( ITAT ) ruled that “Live Rights” are not “copyright”, any payments made are not taxable as...
![Failure to file Form no. 10CCB along with Return of Income: ITAT upholds disallowance of deduction u/s 80IC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/ITAT-ITAT-Chennai-ITAT-upholds-disallowance-of-Deduction-Income-tax-Return-of-income-Failure-to-file-Form-Disallowance-of-Deduction-TAXSCAN.jpeg "Failure to file Form no. 10CCB along with Return of Income: ITAT upholds disallowance of deduction u/s 80IC [Read Order]")
![No addition based on outcome of Confirmatory Letters when assessee proved genuineness of business transactions: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/No-addition-addition-Confirmatory-Letters-addition-based-on-outcome-of-Confirmatory-Letters-when-assessee-Business-Transactions-ITAT-taxscan.jpg "No addition based on outcome of Confirmatory Letters when assessee proved genuineness of business transactions: ITAT [Read Order]")
![No addition shall be made u/s 68 of Income tax act on basis of statement of third party with respect to Sale of Shares carried through proper Banking Channel: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/ITAT-ITAT-Mumbai-Income-tax-Shares-Banking-channels-Sale-of-shares-TAXSCAN.jpg "No addition shall be made u/s 68 of Income tax act on basis of statement of third party with respect to Sale of Shares carried through proper Banking Channel: ITAT [Read Order]")
![ITAT directs Re-adjudication with respect to contracts and bills of Client Code Modification carried out by Brokers and Assessee [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/ITAT-Readjudication-contracts-Client-Code-Modification-Brokers-and-Assessee-taxscan.jpg "ITAT directs Re-adjudication with respect to contracts and bills of Client Code Modification carried out by Brokers and Assessee [Read Order]")
Rejecting TP Analysis without Giving any Specific Reason is invalid, CIT(A) validates TP Report: ITAT upholds Order of CIT(A) [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) upheld the order of the Commissioner of Income Tax (Appeals) which validated the Transfer Pricing ( TP ) report by holding that...
![Rejecting TP Analysis without Giving any Specific Reason is invalid, CIT(A) validates TP Report: ITAT upholds Order of CIT(A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/T-P-Analysis-CITA-TP-Report-ITAT-ITAT-Upholds-Order-of-CITA-Rejecting-T-P-Analysis-without-Giving-any-Specific-Reason-taxscan.jpg "Rejecting TP Analysis without Giving any Specific Reason is invalid, CIT(A) validates TP Report: ITAT upholds Order of CIT(A) [Read Order]")
![ITAT Annual Digest [Part 54]](https://www.taxscan.in/wp-content/uploads/2024/01/ITAT-ANNUAL-DIGEST-PART-54-ITAT-ITAT-ANNUAL-DIGEST-taxscan.jpg "ITAT Annual Digest [Part 54]")
![ITAT Annual Digest [Part18]](https://www.taxscan.in/wp-content/uploads/2024/01/ITAT-ITAT-ANNUAL-DIGEST-ANNUAL-DIGEST-PART-18-ITAT-ANNUAL-DIGEST-PART-18-taxscan.jpg "ITAT Annual Digest [Part18]")
Advance received against booking of flats are not Unexplained Amount: ITAT deletes Addition [Read Order]
The Income Tax Appellate Tribunal (ITAT), Kolkata bench, held that advances received against booking of flats are not an unexplained amount. Consequently, the bench deleted the addition made by the...
![Advance received against booking of flats are not Unexplained Amount: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Advance-booking-of-flats-Unexplained-Amount-ITAT-TAXSCAN.jpg "Advance received against booking of flats are not Unexplained Amount: ITAT deletes Addition [Read Order]")
Death of Director and CA of Assessee Company is a reasonable Cause in Filling Delay Appeal: ITAT set aside Order of CIT(A)[Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) set aside the order of the Commissioner of Income Tax (Appeal) [CIT(A)] and held that the death of the director and Chartered Accountant...
![Death of Director and CA of Assessee Company is a reasonable Cause in Filling Delay Appeal: ITAT set aside Order of CIT(A)[Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Death-of-Director-CA-of-Assessee-Company-Assessee-Company-Filling-Delay-Appeal-ITAT-CITA-taxscan.jpg "Death of Director and CA of Assessee Company is a reasonable Cause in Filling Delay Appeal: ITAT set aside Order of CIT(A)[Read Order]")
![Delhi HC upholds Deletion of Income Tax Addition made on investment in Wrist Watches [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Income-Tax-Addition-investment-in-Wrist-Watches-Delhi-high-court-Income-Tax-on-Wrist-Watches-investment-Wrist-Watches-taxscan.jpg "Delhi HC upholds Deletion of Income Tax Addition made on investment in Wrist Watches [Read Order]")
ITAT directs to allow Deduction on claim of Guarantee provided by trust to lending institution [Read Order]
The Income Tax Appellate Tribunal (ITAT) Mumbai bench directed the allowance of a deduction for the claim of guarantee provided by the Credit Guarantee Fund Trust for Micro and Small Enterprises, an...
![ITAT directs to allow Deduction on claim of Guarantee provided by trust to lending institution [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/ITAT-Deduction-on-claim-of-Guarantee-provided-by-trust-lending-institution-TAXSCAN.jpg "ITAT directs to allow Deduction on claim of Guarantee provided by trust to lending institution [Read Order]")