![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]")
Penalty u/s 271(c) of Income Tax not leviable in Absence of Proper Show Cause Notice to the Assessee: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that the penalty is not leviable in absence of proper show cause notice to the...
![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]](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]](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]](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]")
Delay in seeking Permission from head office is “Reasonable Cause” for Delay in filing Appeal: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Amritsar Bench, has recently, in an appeal filed before it, held thatdelay in seeking permission from head office is “reasonable cause” for delay in filing...
![Delay in seeking Permission from head office is “Reasonable Cause” for Delay in filing Appeal: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Reasonable-Cause-Appeal-ITAT-TAXSCAN.jpg "Delay in seeking Permission from head office is “Reasonable Cause” for Delay in filing Appeal: ITAT [Read Order]")
![Shortage towards Principal in Lending Business Allowable as Bad Debt: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Shortage-Principal-in-Lending-Business-Lending-Business-Bad-Debt-ITAT-Taxscan.jpg "Shortage towards Principal in Lending Business Allowable as Bad Debt: ITAT [Read Order]")
Payment to Volunteers for Drug Analysis Supported by Signed Vouchers Allowable as Expenditure: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench, has recently in an appeal filed before it, held that payment to volunteers for drug analysis supported by signed vouchers, is allowable as...
![Payment to Volunteers for Drug Analysis Supported by Signed Vouchers Allowable as Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Payment-Volunteers-Drug-Supported-Vouchers-ITAT-TAXSCAN.jpg "Payment to Volunteers for Drug Analysis Supported by Signed Vouchers Allowable as Expenditure: ITAT [Read Order]")