Claim of the Assessee cannot be said to be “Concealment of Particulars of Income” in the Absence of Supporting Evidence: ITAT deletes Penalty Levied u/s 271(1)(c)
The Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench, has recently, in an appeal filed before it, while deleting the penalty levied u/s 271 (1)...
![Order u/s 143(3) Passed by AO, without Issuing Mandatory Notice u/s 143(2): ITAT Quashes Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Order-AO-Mandatory-Notice-ITAT-taxscan-.jpg "Order u/s 143(3) Passed by AO, without Issuing Mandatory Notice u/s 143(2): ITAT Quashes Order [Read Order]")
![No Deduction u/s 80IB on Profit from DEPB /Duty Drawback Schemes: SC [Read Judgement]](https://www.taxscan.in/wp-content/uploads/2023/04/Deduction-Profit-DEPB-Duty-Drawback-Schemes-Supreme-Court-Taxscan-1.jpg "No Deduction u/s 80IB on Profit from DEPB /Duty Drawback Schemes: SC [Read Judgement]")
![Penalty u/s 271(c) of Income Tax not leviable in Absence of Proper Show Cause Notice to the Assessee: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Penalty-Income-Tax-Show-Cause-Notice-ITAT-TAXSCAN.jpg "Penalty u/s 271(c) of Income Tax not leviable in Absence of Proper Show Cause Notice to the Assessee: ITAT [Read Order]")
![Relief to S&P Global India: Payment for Use of Shrink Wrap Computer Software Not Royalty, Rules ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/SP-Global-India-Payment-Shrink-Wrap-Computer-Software-Royalty-ITAT-Taxscan.jpg "Relief to S&P Global India: Payment for Use of Shrink Wrap Computer Software Not Royalty, Rules ITAT [Read Order]")
Income from Foreign Assignment Not Taxable Merely because Assessee Owns a House in India: ITAT Allows DTAA Benefit [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has recently, in an appeal filed before it, while allowing DTAA benefit, held that income from foreign assignment is not taxable, merely because...
![Income from Foreign Assignment Not Taxable Merely because Assessee Owns a House in India: ITAT Allows DTAA Benefit [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Income-Foreign-Assignment-Taxable-House-India-ITAT-DTAA-TAXSCAN.jpg "Income from Foreign Assignment Not Taxable Merely because Assessee Owns a House in India: ITAT Allows DTAA Benefit [Read Order]")
Capital Gain Exemption u/s 54 cannot be Denied on Acquiring New House Property in the Name of Wife: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chennai Bench, has recently, in an appeal filed before it, held that capital gain exemption u/s 54 cannot be denied on acquiring new house property in the...
![Capital Gain Exemption u/s 54 cannot be Denied on Acquiring New House Property in the Name of Wife: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Capital-Gain-Exemption-House-Property-Wife-ITAT-TAXSCAN.jpg "Capital Gain Exemption u/s 54 cannot be Denied on Acquiring New House Property in the Name of Wife: ITAT [Read Order]")
No PE in India: Uptodate Not Taxable under “Royalty” for Allowing Access to Online Database of Journals and Books, rules ITAT [Read Order]
The Income Tax Appellate Tribunal, Delhi Bench, has recently, in an appeal filed before it, held thatM/s. Uptodate is not taxable under “royalty” for allowing access to online database of journals...
![No PE in India: Uptodate Not Taxable under “Royalty” for Allowing Access to Online Database of Journals and Books, rules ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/PE-Uptodate-Taxable-Royalty-Database-Journals-Books-rules-ITAT-TAXSCAN.jpg "No PE in India: Uptodate Not Taxable under “Royalty” for Allowing Access to Online Database of Journals and Books, rules ITAT [Read Order]")
Form 67 Submitted before Conclusion of Assessment: ITAT Allows Relief of Withholding Tax Credit in Tanzania against Tax Liability arising in India [Read Order]
The Income Tax Appellate Tribunal (ITAT), Kolkata Bench, has recently, in an appeal filed before it, allowed relief of withholding tax credit in Tanzania against tax liability arising in India, on...
![Form 67 Submitted before Conclusion of Assessment: ITAT Allows Relief of Withholding Tax Credit in Tanzania against Tax Liability arising in India [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Form-67-Conclusion-of-Assessment-ITAT-Tax-Credit-Tanzania-Tax-Liability-TAXSCAN.jpg "Form 67 Submitted before Conclusion of Assessment: ITAT Allows Relief of Withholding Tax Credit in Tanzania against Tax Liability arising in India [Read Order]")
Unabsorbed Depreciation only taken to make adjustment u/s 115JB be Set off Against Current Year Book Profit: ITAT grants relief to PVR Pictures[ Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) overturned the order of the Commissioner of Income Tax (Appeals) [CIT(A)] providing relief to M/s PVR Pictures Limited. According to the...
![Unabsorbed Depreciation only taken to make adjustment u/s 115JB be Set off Against Current Year Book Profit: ITAT grants relief to PVR Pictures[ Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/adjustment-us-115JB-Book-Profit-ITAT-PVR-Pictures-TAXSCAN.jpg "Unabsorbed Depreciation only taken to make adjustment u/s 115JB be Set off Against Current Year Book Profit: ITAT grants relief to PVR Pictures[ Read Order]")
High-Pitched Assessment by Income Tax Dept with unusual determination of Rate of Gross Profit: Delhi High Court directs Re-Adjudication [Read Order]
The Delhi High Court (HC) directed to re-adjudicate the high pitched assessment by income tax department with unusual determination of rate of gross profit. This writ petition is directed against...
![High-Pitched Assessment by Income Tax Dept with unusual determination of Rate of Gross Profit: Delhi High Court directs Re-Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Assessment-Income-Tax-Dept-Rate-of-Gross-Profit-Delhi-High-Court-Re-Adjudication-TAXSCAN.jpg "High-Pitched Assessment by Income Tax Dept with unusual determination of Rate of Gross Profit: Delhi High Court directs Re-Adjudication [Read Order]")
![Payment of Electricity Duty Deductible u/s 43B of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Payment-Electricity-Duty-Deductible-Income-Tax-Act-ITAT-TAXSCAN.jpg "Payment of Electricity Duty Deductible u/s 43B of Income Tax Act: ITAT [Read Order]")