![Non-Implementation of DRP Directions by AO is a “Very Disturbing Trend”: ITAT directs Govt to Issue Necessary Guidelines [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Non-Implementation-of-DRP-DRP-AO-ITAT-Govt-Guidelines-Taxscan.jpg "Non-Implementation of DRP Directions by AO is a “Very Disturbing Trend”: ITAT directs Govt to Issue Necessary Guidelines [Read Order]")
Non-Implementation of DRP Directions by AO is a “Very Disturbing Trend”: ITAT directs Govt to Issue Necessary Guidelines [Read Order]
The Delhi Income Tax Appellate Tribunal has recently by observing the non-implementation of Dispute Resolution Panel directions by assessing officers...
![Guarantee Commission is not Taxable in India under India Germany DTAA: ITAT directs AO to delete Transfer Pricing Adjustment [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Guarantee-Commission-Taxable-in-India-under-India-Germany-DTAA-ITAT-AO-TAXSCAN.jpg "Guarantee Commission is not Taxable in India under India Germany DTAA: ITAT directs AO to delete Transfer Pricing Adjustment [Read Order]")
![Assignment Agreement not Registered, Cant ignore Actual flow towards Property Acquisition while Computing Capital Gain: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Assignment-Agreement-not-Registered-Property-Acquisition-while-Computing-Capital-Gain-ITAT-TAXSCAN.jpg "Assignment Agreement not Registered, Cant ignore Actual flow towards Property Acquisition while Computing Capital Gain: ITAT [Read Order]")
![Relief to Sony Pictures: ITAT sets aside Assessment Order passed against Non-Existing entity [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Sony-Pictures-ITAT-Assessment-Order-TAXSCAN.jpg "Relief to Sony Pictures: ITAT sets aside Assessment Order passed against Non-Existing entity [Read Order]")
![Section 195 has no application once TDS has been made on Salary: Delhi HC upholds order of ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Salary-application-TDS-Delhi-HC-ITAT-TAXSCAN.jpeg "Section 195 has no application once TDS has been made on Salary: Delhi HC upholds order of ITAT [Read Order]")
Relief to Dell International: ITAT rules Amount received towards Warranty is Refundable even on Cancellation of Warranty Agreement [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore Bench granted relief to M/s. Dell International Services India Private Limited and held that amount received towards warranty is refundable even on...
![Relief to Dell International: ITAT rules Amount received towards Warranty is Refundable even on Cancellation of Warranty Agreement [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Relief-Dell-International-ITAT-rules-Agreement-TAXSCAN.jpg "Relief to Dell International: ITAT rules Amount received towards Warranty is Refundable even on Cancellation of Warranty Agreement [Read Order]")
Interest paid on Convertible Debentures is not Interest on Equity and allowable as Expenditure u/s. 36(1)(iii): ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore held that Interest paid on convertible debentures is not interest on equity and allowable as expenditure under Section 36(1)(iii). The only...
![Interest paid on Convertible Debentures is not Interest on Equity and allowable as Expenditure u/s. 36(1)(iii): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Interest-paid-convertible-debentures-interest-equity-expenditure-ITAT-taxscan.jpg "Interest paid on Convertible Debentures is not Interest on Equity and allowable as Expenditure u/s. 36(1)(iii): ITAT [Read Order]")
IBM India not required to deduct TDS on Payment to IBM Philippines for Payroll Related Services: ITAT [Read Order]
In a major relief to IBM India, the Income Tax Appellate Tribunal (ITAT), Bangalore bench has held that the Company need not required to TDS on payment to IBM Philippines for rendering of payroll...
![IBM India not required to deduct TDS on Payment to IBM Philippines for Payroll Related Services: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/IBM-India-TDS-IBM-Philippines-Payroll-Related-Services-ITAT-Taxscan.jpg "IBM India not required to deduct TDS on Payment to IBM Philippines for Payroll Related Services: ITAT [Read Order]")
Remand Proceedings shall be concluded within Period prescribed u/s 153 of Income Tax Act: Madras HC [Read Order]
The Madras High Court has ruled that, the period of limitation under the Sections 153 (2A) or 153 (3) was applicable even for remand proceedings before the Assessing Officer, Transfer Pricing Officer...
![Remand Proceedings shall be concluded within Period prescribed u/s 153 of Income Tax Act: Madras HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Madras-HC-Remand-Proceedings-Income-Tax-Act-Madras-High-Court-Taxscan.jpeg "Remand Proceedings shall be concluded within Period prescribed u/s 153 of Income Tax Act: Madras HC [Read Order]")
TPO adopts Wrong Gross Profit Margin of Comparable Company: ITAT deletes Transfer Pricing Adjustment on International Transaction [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal ( ITAT ) has held that Transfer Pricing Officer (TPO) adopts wrong Gross Profit Margin of comparable company and deletes Transfer pricing adjustment...
![TPO adopts Wrong Gross Profit Margin of Comparable Company: ITAT deletes Transfer Pricing Adjustment on International Transaction [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/TPO-Gross-Profit-Margin-Company-ITAT-Transfer-pricing-Adjustment-International-Transaction-Taxscan.jpg "TPO adopts Wrong Gross Profit Margin of Comparable Company: ITAT deletes Transfer Pricing Adjustment on International Transaction [Read Order]")
Corporate Guarantee Falls within the Scope and Ambit of International Transaction, ALP Applicable at 0.5%: ITAT [Read Order]
The Bangalore Bench of Income Tax Appellate Tribunal has held that corporate guarantee falls within the scope and ambit of international transaction and Arm’s Length Price (ALP) applicable at 0.5%. ...
![Corporate Guarantee Falls within the Scope and Ambit of International Transaction, ALP Applicable at 0.5%: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Corporate-Guarantee-Scope-Ambit-International-Transaction-ALP-Applicable-ITAT-taxscan.jpeg "Corporate Guarantee Falls within the Scope and Ambit of International Transaction, ALP Applicable at 0.5%: ITAT [Read Order]")
![ITAT allows write off of Bad Debts as assessee has successfully discharged its Onus of Proof [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/01/ITAT-Bad-Debts-Onus-of-Proof-write-off-Taxscan.jpg "ITAT allows write off of Bad Debts as assessee has successfully discharged its Onus of Proof [Read Order]")