![Late Fee for Default / Delay in submitting TDS Statement is Mandatory, can’t be avoided even Assessee has reasonable cause: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/06/TDS-Statement.jpg "Late Fee for Default / Delay in submitting TDS Statement is Mandatory, can’t be avoided even Assessee has reasonable cause: ITAT [Read Order]")
Late Fee for Default / Delay in submitting TDS Statement is Mandatory, can’t be avoided even Assessee has reasonable cause: ITAT [Read Order]
The Jaipur bench of the Income Tax Appellate Tribunal (ITAT) has recently held that the levy of late fee under section 234E of the Income Tax Act,...
![ITAT directs CIT(A) to re-consider CREDAI’s set off Claim against Income from Real Estate Exhibition [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/06/CREDAI-ITAT-real-estate-Income-Tax-Taxscan.jpeg "ITAT directs CIT(A) to re-consider CREDAI’s set off Claim against Income from Real Estate Exhibition [Read Order]")
![‘Mail Today’ eligible for Depreciation on Expenses incurred for Publicity of Brand Name: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/06/ITAT-Depreciation-Mail-Today-Taxscan-2.jpeg "‘Mail Today’ eligible for Depreciation on Expenses incurred for Publicity of Brand Name: ITAT [Read Order]")
![Vehicle used for Display of Advertisement not entitled to Higher Rate of Depreciation: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/06/Advertisement-vehicle.jpeg "Vehicle used for Display of Advertisement not entitled to Higher Rate of Depreciation: ITAT [Read Order]")
Vodafone Idea Limited is not required to Deduct Tax u/s 194H on Prepaid SIM Cards: ITAT [Read Order]
The Calcutta Bench of Income Tax Appellate Tribunal (ITAT) held that Vodafone Idea Limited the assessee shall not be treated as an assessee in default under Section 201(1) of the Income Tax Act, 1961...
![Vodafone Idea Limited is not required to Deduct Tax u/s 194H on Prepaid SIM Cards: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2019/05/Vodafone-Idea-Taxscan.jpg "Vodafone Idea Limited is not required to Deduct Tax u/s 194H on Prepaid SIM Cards: ITAT [Read Order]")
Tribunal failed to deal with Claim of Assessee for Deduction under Section 10A of Income Tax Act, 1961: Karnataka HC [Read Judgment]
The High Court of Karnataka held that the tribunal has not dealt with the claim of the assessee for deduction under Section 10A of the Income Tax Act, 1961. The assessee, M/S Yokogawa India Ltd. is...
![Tribunal failed to deal with Claim of Assessee for Deduction under Section 10A of Income Tax Act, 1961: Karnataka HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2019/04/GST-TRAN-1-Karnataka-High-Court-Taxscan.jpg "Tribunal failed to deal with Claim of Assessee for Deduction under Section 10A of Income Tax Act, 1961: Karnataka HC [Read Judgment]")
![No TDS on Company on payment of Harvesting Charges: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/06/sugar-cane.jpeg "No TDS on Company on payment of Harvesting Charges: ITAT [Read Order]")
Non-Appearance of Name in Lorry Receipts can’t be Reason to reject Refund: CESTAT grants relief to Adani Enterprises [Read Order]
The Customs, Excises, Service Taxes Appellate Tribunal (CESTAT) while quashing the order passed by the CIT(A) ruled that merely that the name of the appellant is not appearing on the Lorry Receipts,...
![Non-Appearance of Name in Lorry Receipts can’t be Reason to reject Refund: CESTAT grants relief to Adani Enterprises [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/06/Adani-Enterprises-CESTAT-Refund-Taxscan.jpg "Non-Appearance of Name in Lorry Receipts can’t be Reason to reject Refund: CESTAT grants relief to Adani Enterprises [Read Order]")
Industrial Promotion Assistance received from West Bengal Govt is Subsidy, not Taxable: ITAT [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) has recently held that the industrial Promotion Assistance (IPA) received by the assessee-Company from the West Bengal Government pursuant...
![Industrial Promotion Assistance received from West Bengal Govt is Subsidy, not Taxable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/06/WhatsApp-Image-2020-06-03-at-10.54.23-AM.jpeg "Industrial Promotion Assistance received from West Bengal Govt is Subsidy, not Taxable: ITAT [Read Order]")
![Entire Purchases can’t be Disallowed as Bogus, If AO accepted Sales: Bombay HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/05/Bombay-High-Court-NAA-Taxscan.jpg "Entire Purchases can’t be Disallowed as Bogus, If AO accepted Sales: Bombay HC [Read Judgment]")
![One Turnover cannot be Taxed in the hands of Two Assessees: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/02/Assessee-Penalty-Appeal-Income-Tax-Income-Tax-Officer-Taxscan.jpg "One Turnover cannot be Taxed in the hands of Two Assessees: ITAT [Read Order]")