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![Deeming Provision cannot be Applied Mechanically Ignoring Facts of the Case and Surrounding Circumstances: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Deeming-Provision-Ignoring-Facts-Facts-Case-Surrounding-Circumstances-Circumstances-ITAT-Taxscan.jpg "Deeming Provision cannot be Applied Mechanically Ignoring Facts of the Case and Surrounding Circumstances: ITAT [Read Order]")
Deeming Provision cannot be Applied Mechanically Ignoring Facts of the Case and Surrounding Circumstances: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has recently, in an appeal filed before it, held that deeming provision cannot be applied...
![Overloading Charges paid under Motor Vehicles Act “Compensatory” in Nature: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Overloading-Charges-paid-Motor-Vehicles-Act-Compensatory-in-Nature-ITAT-Taxscan.jpg "Overloading Charges paid under Motor Vehicles Act “Compensatory” in Nature: ITAT [Read Order]")
Minimum time period for Production of documents u/s 92D of Income Tax Act : Budget 2023 proposes to reduce to 10 days [Read Finance Bill]
The Finance Minister Nirmala Sitharaman while presenting the Direct taxes under Budget 2023 proposed the maximum time period for the production of documents of international transaction by the...
![Budget 2023: Major changes under Income Tax Act 1961 [Read Finance Bill]](https://www.taxscan.in/wp-content/uploads/2023/02/Income-Tax-Act-1961-Income-Tax-Act-budget-2023-union-budget-2023-nirmala-sitharaman-budget-2023-india-union-budget-2023-live-taxscan.jpg "Budget 2023: Major changes under Income Tax Act 1961 [Read Finance Bill]")
AMP Expenditure is not International Transaction: ITAT rules in favour of Mattel Toys (India) [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT), ruled that Advertising Marketing and Promotion (AMP) Expenditure is not an International Transaction and thereby ruled in favour of M/s...
![AMP Expenditure is not International Transaction: ITAT rules in favour of Mattel Toys (India) [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/AMP-AMP-Expenditure-International-Transaction-Mattel-Toys-Mattel-Toys-India-Taxscan.jpg "AMP Expenditure is not International Transaction: ITAT rules in favour of Mattel Toys (India) [Read Order]")
Provisions of S. 54F of Income Tax Act are Benevolent Provisions, requires Liberal Interpretation: ITAT [Read Order]
The Income Tax Appellate Tribunal ( ITAT ) recently held that section 54 of the Income Tax Act 1961 are benevolent provisions therefore, requires liberal interpretation and the assessee is entitled...
![Provisions of S. 54F of Income Tax Act are Benevolent Provisions, requires Liberal Interpretation: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Provisions-Income-Tax-Act-Income-Tax-Tax-Benevolent-Provisions-ITAT-taxscan.jpg "Provisions of S. 54F of Income Tax Act are Benevolent Provisions, requires Liberal Interpretation: ITAT [Read Order]")
![Profit from Sale of Carbon Credit is “Capital Receipt”, Not Taxable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Profit-Carbon-Credit-Capital-Receipt-Taxable-ITAT-Income-Tax-Tax-Credit-taxscan.jpg "Profit from Sale of Carbon Credit is “Capital Receipt”, Not Taxable: ITAT [Read Order]")