![Security Deposit for Freezer Taxable only on the year of Termination of Distributor Agreement: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Security-Deposit-Freezer-Taxable-Termination-Distributor-Agreement-ITAT-TAXSCAN.jpg "Security Deposit for Freezer Taxable only on the year of Termination of Distributor Agreement: ITAT [Read Order]")
Security Deposit for Freezer Taxable only on the year of Termination of Distributor Agreement: ITAT [Read Order]
The Cochin Income Tax Appellate Tribunal (ITAT) has recently held that the security deposit for the freezer was taxable only on the year of...
![Software Insurance Charges Excludable from Export Turnover u/s 10AA of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Software-Insurance-Charges-Export-Turnover-Income-Tax-Act-ITAT-TAXSCAN.jpg "Software Insurance Charges Excludable from Export Turnover u/s 10AA of Income Tax Act: ITAT [Read Order]")
![No TDS on fee paid by Hindustan Aeronautics to CGTM France for availing Flight Test Services: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/TDS-Hindustan-Aeronautics-CGTM-France-Services-ITAT-TAXSCAN.jpg "No TDS on fee paid by Hindustan Aeronautics to CGTM France for availing Flight Test Services: ITAT [Read Order]")
![Payment to Seconded Employee by Google India to Google US does not amount to FTS/FIS: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Seconded-Employee-Payment-to-Seconded-Employee-Google-India-Google-US-FTS-FIS-ITAT-Income-Tax-taxscan.jpg "Payment to Seconded Employee by Google India to Google US does not amount to FTS/FIS: ITAT [Read Order]")
![No Proof of Payment of Brokerage on Sale of Property: ITAT confirms Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Payment-Brokerage-Sale-Property-ITAT-TAXSCAN.jpg "No Proof of Payment of Brokerage on Sale of Property: ITAT confirms Addition [Read Order]")
Relief to Karnataka Vikas Grameena Bank: ITAT allows Deduction on Income from Co-operative Society [Read Order]
The Bangalore Bench of the Income Tax Appellate Tribunal (ITAT), granted relief to Karnataka Vikas Grameena Bank and allowed deduction on income from cooperative society. The assessee is Karnataka...
![Relief to Karnataka Vikas Grameena Bank: ITAT allows Deduction on Income from Co-operative Society [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Karnataka-Vikas-Grameena-Bank-ITAT-Deduction-Income-from-Co-operative-Society-taxscan.jpg "Relief to Karnataka Vikas Grameena Bank: ITAT allows Deduction on Income from Co-operative Society [Read Order]")
Unfinished Building is 'Capital Asset', subject to Income Tax on Sale along with Land: ITAT [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT), while dismissing a second appeal by the assessee, held that an unfinished building is included within the meaning of “capital asset”...
![Unfinished Building is Capital Asset, subject to Income Tax on Sale along with Land: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Unfinished-Building-Capital-Asset-Income-Tax-Sale-Land-ITAT-taxscan.jpg "Unfinished Building is Capital Asset, subject to Income Tax on Sale along with Land: ITAT [Read Order]")
Brand Promotion Expenditure to Force India are Revenue in Nature, allowable as Deduction: ITAT rules in favour of United Breweries [Read Order]
In a significant ruling in favour of United Breweries, the Bangalore bench of the Income Tax Appellate Tribunal ( ITAT ) has held that advertisement expenses for brand promotion are revenue in nature...
![Brand Promotion Expenditure to Force India are Revenue in Nature, allowable as Deduction: ITAT rules in favour of United Breweries [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Brand-Promotion-Expenditure-Brand-Promotion-Revenue-in-Nature-Deduction-ITAT-United-Breweries-Taxscan.jpg "Brand Promotion Expenditure to Force India are Revenue in Nature, allowable as Deduction: ITAT rules in favour of United Breweries [Read Order]")
Retail Trading and Wholesale Trading Companies have to consider separately while deciding Comparables: ITAT rules in favour of Puma [Read Order]
In a ruling in favour of Puma, the Bangalore Bench of the Income Tax Appellate Tribunal (ITAT) has held that Retail trading and wholesale trading companies have to consider separately while deciding...
![Retail Trading and Wholesale Trading Companies have to consider separately while deciding Comparables: ITAT rules in favour of Puma [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Retail-Trading-Wholesale-Trading-Companies-ITAT-Puma-taxscan.jpg "Retail Trading and Wholesale Trading Companies have to consider separately while deciding Comparables: ITAT rules in favour of Puma [Read Order]")
![Leave Encashment paid as per Section 43B (f) of Income Tax Act: ITAT allows Deduction [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Leave-Encashment-Income-Tax-Act-ITAT-Deduction-taxscan.jpg "Leave Encashment paid as per Section 43B (f) of Income Tax Act: ITAT allows Deduction [Read Order]")
Rejection of Appeal without considering Settlement through VSVS Scheme: ITAT orders fresh adjudication by CIT(A) [Read Order]
In a recent ruling, the Bangalore Bench of the Income Tax Appellate Tribunal (ITAT) has held that, the Commissioner of Income Tax (Appeals) [CIT(A)] has erred in rejecting an appeal without due...
![Rejection of Appeal without considering Settlement through VSVS Scheme: ITAT orders fresh adjudication by CIT(A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Appeal-VSVS-Scheme-ITAT-taxscan.jpeg "Rejection of Appeal without considering Settlement through VSVS Scheme: ITAT orders fresh adjudication by CIT(A) [Read Order]")
ITAT deletes Penalty Imposed for accepting Cash Payment for Sale of Land: No Sufficient Reasons to show Tax Evasion Attempt [Read Order]
The Banglore Bench of the Income Tax Appellate Tribunal (ITAT), recently deleted the penalty imposed under Section 271D of the Income Tax Act, 1961 as the revenue could not show sufficient reasons to...
![ITAT deletes Penalty Imposed for accepting Cash Payment for Sale of Land: No Sufficient Reasons to show Tax Evasion Attempt [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/ITAT-Penalty-Cash-Payment-Sale-of-Land-Tax-Evasion-taxscan.jpg "ITAT deletes Penalty Imposed for accepting Cash Payment for Sale of Land: No Sufficient Reasons to show Tax Evasion Attempt [Read Order]")