![Depreciation of 60% is entitled to Computers including Computer Software under ITAT Rules: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Depreciation-Computers-computer-software-ITAT-Rules-ITAT-taxscan.jpg "Depreciation of 60% is entitled to Computers including Computer Software under ITAT Rules: ITAT [Read Order]")
Depreciation of 60% is entitled to Computers including Computer Software under ITAT Rules: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) comprising Shri Prashant Maharishi, AM and Shri Rahul Chaudhary, JM held that...
![Money Laundering through Stockbroker: ITAT upholds Denial of Income Tax Exemption u/s10(38) [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Money-Launder-Stockbroker-ITAT-upholds-Income-Tax-Exemption-taxscan.jpeg "Money Laundering through Stockbroker: ITAT upholds Denial of Income Tax Exemption u/s10(38) [Read Order]")
![Delay due to Liquidation Proceedings constitute Reasonable Cause: ITAT directs CIT(A) to consider Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Liquidation-Proceedings-Reasonable-Cause-ITAT-CITA-taxscan.jpg "Delay due to Liquidation Proceedings constitute Reasonable Cause: ITAT directs CIT(A) to consider Appeal [Read Order]")
![Firm not Taxable for Capital introduced by Partner: ITAT deletes Addition u/s 68 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Firm-Capital-Partner-ITAT-Income-Tax-Act-section-68-Taxscan.jpg "Firm not Taxable for Capital introduced by Partner: ITAT deletes Addition u/s 68 of Income Tax Act [Read Order]")
![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]")
No Sufficient Reason to Prove Income Escaped Assessment: ITAT dismisses Revenue’s Appeal for Reopening Assessment [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal ( ITAT )has held that no sufficient reason to prove income escaped assessment and dismissed revenue appeal for reopening the assessment. The...
![No Sufficient Reason to Prove Income Escaped Assessment: ITAT dismisses Revenue’s Appeal for Reopening Assessment [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Income-Assessment-ITAT-Revenue-Appeal-Reopening-Assessment-taxscan.jpeg "No Sufficient Reason to Prove Income Escaped Assessment: ITAT dismisses Revenue’s Appeal for Reopening Assessment [Read Order]")
Foreign Subsidiary Company not providing Technical Knowledge to Assessee: ITAT holds Outsourcing Charges are not Taxable as FTS or FIS [Read Order]
The Bangalore Bench of Income Tax Appellate Tribunal ( ITAT ) has held that foreign subsidiary company not providing technical knowledge to the assessee and holds that outsourcing charges are not...
![Foreign Subsidiary Company not providing Technical Knowledge to Assessee: ITAT holds Outsourcing Charges are not Taxable as FTS or FIS [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Foreign-Subsidiary-Company-Assessee-ITAT-FTS-FIS-taxscan.jpg "Foreign Subsidiary Company not providing Technical Knowledge to Assessee: ITAT holds Outsourcing Charges are not Taxable as FTS or FIS [Read Order]")
CIT(A) shall condone Delay and Dispose Appeal on Merits Unless Assessee acted in a Malafide Manner: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad bench has held that the Commissioner (Appeals) shall condone the delay and dispose the appeal on merits if the assessee has not acted in a malafide...
![CIT(A) shall condone Delay and Dispose Appeal on Merits Unless Assessee acted in a Malafide Manner: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/CITA-condone-Delay-Dispose-Appeal-Merits-Unless-Assessee-acted-Malafide-Manner-ITAT-Taxscan.jpeg "CIT(A) shall condone Delay and Dispose Appeal on Merits Unless Assessee acted in a Malafide Manner: ITAT [Read Order]")
Right to Receive Builtup Area under JDA; ITAT directs AO to Examine Entire Gain has to be considered as Long-Term Capital Gain [Read Order]
The Bangalore Bench of Income Tax Appellate Tribunal ( ITAT ) with respect to the right to receive built-up area under the Join Development Agreement has directed Assessing Officer to examine the...
![Right to Receive Builtup Area under JDA; ITAT directs AO to Examine Entire Gain has to be considered as Long-Term Capital Gain [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/JDA-ITAT-AO-Long-Term-Capital-Gain-Taxscan.jpg "Right to Receive Builtup Area under JDA; ITAT directs AO to Examine Entire Gain has to be considered as Long-Term Capital Gain [Read Order]")
Reimbursement of Expenses by Indian Associate for Training and Workshops for its New Joiners is not Fees for Included Services: ITAT [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal has held that reimbursement of expenses by Indian Associate for training and workshops for its new joiners is not Fees for Included Services. The...
![Reimbursement of Expenses by Indian Associate for Training and Workshops for its New Joiners is not Fees for Included Services: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Indian-Associate-Training-Workshops-Fees-Services-ITAT-Taxscan.jpg "Reimbursement of Expenses by Indian Associate for Training and Workshops for its New Joiners is not Fees for Included Services: ITAT [Read Order]")
Amendments to Sections 43B and 36(1)(va) of the Income Tax Act cannot have Retrospective Effect since It Imposes Liability on Assessee: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that the amendments to sections 43B and 36(1)(va) of the Income Tax Act, 1961 cannot have retrospective effect since the...
![Amendments to Sections 43B and 36(1)(va) of the Income Tax Act cannot have Retrospective Effect since It Imposes Liability on Assessee: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Income-Tax-Act-Retrospective-Effect-Liability-Assessee-ITAT-taxscan.jpg "Amendments to Sections 43B and 36(1)(va) of the Income Tax Act cannot have Retrospective Effect since It Imposes Liability on Assessee: ITAT [Read Order]")
No Penalty on Receiving Cash Loan from Family Members to Meet Business Exigency: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi bench has held that the penalty under sections 271D and 271E of the Income Tax Act, 1961 cannot be leviable on receipt of cash loan from family members...
![No Penalty on Receiving Cash Loan from Family Members to Meet Business Exigency: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Penalty-Cash-Loan-Family-Members-Business-Exigency-ITAT-Taxscan.jpeg "No Penalty on Receiving Cash Loan from Family Members to Meet Business Exigency: ITAT [Read Order]")