![Income Tax applicable on payment made by distributor for getting Software from a Foreign Company: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/11/Income-Tax-payment-distributor-Software-Foreign-Company-ITAT-Taxscan.jpg "Income Tax applicable on payment made by distributor for getting Software from a Foreign Company: ITAT [Read Order]")
Income Tax applicable on payment made by distributor for getting Software from a Foreign Company: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore Bench held that the payment which is made by the distributor for getting software from a foreign...
![Tribunal failed in calculating Undisclosed Income on the basis of Evidence: Madras High Court [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/11/Tribunal-undisclosed-income-Madras-High-Court-Taxscan.jpg "Tribunal failed in calculating Undisclosed Income on the basis of Evidence: Madras High Court [Read Order]")
![Tribunal rightly estimated Profit at the rate of 2% of Total Credits: Gujarat High Court [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/11/Tribunal-estimated-profit-Credits-Gujarat-High-Court-Taxscan.jpg "Tribunal rightly estimated Profit at the rate of 2% of Total Credits: Gujarat High Court [Read Order]")
![Expenditures required to be reduced from Export Turnover u/s 10A should also be reduced from Total Turnover: ITAT grants relief to TCS [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/11/Tata-Consultancy-Services-Expenditures-Export-Turnover-Turnover-ITAT-TCS-Taxscan.jpg "Expenditures required to be reduced from Export Turnover u/s 10A should also be reduced from Total Turnover: ITAT grants relief to TCS [Read Order]")
![Power of Revision by CIT(A) can’t be invoked if order passed by AO is not erroneous & prejudicial to interests of the revenue: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/11/Power-of-Revision-CITA-AO-revenue-ITAT-Taxscan.jpg "Power of Revision by CIT(A) can’t be invoked if order passed by AO is not erroneous & prejudicial to interests of the revenue: ITAT [Read Order]")
ITAT mistrusts Cash Gifts at the time of Marriage and Anniversary and Cash for Cancer Treatment [Read Order]
The Income Tax Appellate Tribunal (ITAT), New Delhi Bench mistrusted the cash gifts at the time of marriage and anniversary and cash for cancer treatment. The assessee, Nineeta Singh is an...
![ITAT mistrusts Cash Gifts at the time of Marriage and Anniversary and Cash for Cancer Treatment [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/11/ITAT-cash-marriage-anniversary-cancer-treatment-Taxscan.jpg "ITAT mistrusts Cash Gifts at the time of Marriage and Anniversary and Cash for Cancer Treatment [Read Order]")
Deduction can be claimed under R&D for Amount incurred towards development on a mechanism to produce customised products: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench held that the deduction can be claimed under Research and Development (R&D) for Amount incurred towards development on a mechanism to...
![Deduction can be claimed under R&D for Amount incurred towards development on a mechanism to produce customised products: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/11/Deduction-ITAT-RD-claimed-customised-products-Taxscan.jpg "Deduction can be claimed under R&D for Amount incurred towards development on a mechanism to produce customised products: ITAT [Read Order]")
TPA required to deduct TDS on payments made to hospitals under Section 194J of the Income Tax Act: Karnataka HC [Read Judgment]
The Karnataka High Court held that the Third Party Administrator (TPA) is required to deduct tax at source (TDS) on payments made to hospitals under Section 194J of the Income Tax Act. The...
![TPA required to deduct TDS on payments made to hospitals under Section 194J of the Income Tax Act: Karnataka HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/10/TPA-required-deduct-TDS-payments-made-hospitals-Section-194J-of-the-Income-Tax-Act-Karnataka-High-Court-Taxscan.jpg "TPA required to deduct TDS on payments made to hospitals under Section 194J of the Income Tax Act: Karnataka HC [Read Judgment]")
CIT(A) ought to analyse nature of service undertaken by assessee and Taxation of fees for Technical Services: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore Bench while remitting the matter back to the CIT(A) ruled that the CIT(A) ought to analyse nature of service undertaken by assessee and taxation of...
![CIT(A) ought to analyse nature of service undertaken by assessee and Taxation of fees for Technical Services: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/10/CITA-ought-analyse-nature-service-undertaken-assessee-Taxation-of-fees-Technical-Services-ITAT-Taxscan.jpg "CIT(A) ought to analyse nature of service undertaken by assessee and Taxation of fees for Technical Services: ITAT [Read Order]")
Madras HC directs AO to determine borrowed funds were used for advancing loans to Subsidiary Company or Surplus Funds of Company were diverted [Read Judgment]
The Madras High Court directed the Assessing Officer to determine whether borrowed funds used for advancing loans to Subsidiary Company or Surplus Funds of Company were diverted. The Revenue has...
![Madras HC directs AO to determine borrowed funds were used for advancing loans to Subsidiary Company or Surplus Funds of Company were diverted [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/10/Madras-High-court-directs-AO-determine-borrowed-funds-advancing-loans-Subsidiary-Company-Surplus-Funds-Company-Taxscan.jpeg "Madras HC directs AO to determine borrowed funds were used for advancing loans to Subsidiary Company or Surplus Funds of Company were diverted [Read Judgment]")
Assessing Officer not empowered to reject selection and valuation methods adopted by Taxpayer: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore Bench held that the Assessing Officer (AO) is not empowered to reject selection and valuation methods adopted by taxpayers. The assessee...
![Assessing Officer not empowered to reject selection and valuation methods adopted by Taxpayer: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/10/Assessing-Officer-empowered-reject-selection-valuation-methods-adopted-Taxpayer-ITAT-taxscan.jpg "Assessing Officer not empowered to reject selection and valuation methods adopted by Taxpayer: ITAT [Read Order]")
Income received during negotiation for Transfer of Capital Asset as ‘Other Income’, Usage of Fund can’t be a Reason to impose Tax Liability: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore Bench held that the usage of fund cannot be the reason to impose tax liability. The assessee filed his return of income for the assessment year...
![Income received during negotiation for Transfer of Capital Asset as ‘Other Income’, Usage of Fund can’t be a Reason to impose Tax Liability: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/10/ITAT-Tax-Liability-Usage-Fund-Income-impose-Tax-Liability-Capital-Asset-Other-Income-Taxscan.jpg "Income received during negotiation for Transfer of Capital Asset as ‘Other Income’, Usage of Fund can’t be a Reason to impose Tax Liability: ITAT [Read Order]")