![CBDT Notifies Income Tax Exemption to Indian Institute of Science Education and Research, Tirupati [Read Notification]](https://www.taxscan.in/wp-content/uploads/2023/01/CBDT-Income-Tax-Income-Tax-Exemption-Indian-Institute-of-Science-Education-and-Research-taxscan.jpg "CBDT Notifies Income Tax Exemption to Indian Institute of Science Education and Research, Tirupati [Read Notification]")
CBDT Notifies Income Tax Exemption to Indian Institute of Science Education and Research, Tirupati [Read Notification]
The Central Board of Direct Taxes (CBDT) has notified the income tax exemption under section 35(i)(ii) of the Income Tax Act, 1961. Those...
![Satisfactory discharge of burden of proving genuineness of transactions: Bombay HC confirms deletion of disallowance u/s 69C [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Bombay-High-Court-transactions-discharge-disallowance-taxscan.jpg "Satisfactory discharge of burden of proving genuineness of transactions: Bombay HC confirms deletion of disallowance u/s 69C [Read Order]")
![Deemed Dividend Taxable in the hands of Individual Director, Not Firm: Orissa HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Deemed-Dividend-Individual-Director-Orissa-High-Court-taxscan.jpg "Deemed Dividend Taxable in the hands of Individual Director, Not Firm: Orissa HC [Read Order]")
![Re-Assessment cannot be based on “Reason to Suspect”: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Re-Assessment-ITAT-Taxscan.jpg "Re-Assessment cannot be based on “Reason to Suspect”: ITAT [Read Order]")
![Claim of FTC cant be disallowed merely on delay in filing Form 67: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Claim-of-FTC-disallowed-merely-delay-in-filing-Form-67-ITAT-Taxscan.jpg "Claim of FTC cant be disallowed merely on delay in filing Form 67: ITAT [Read Order]")
Nadiadwala Entertainment cannot Claim Loss in respect of Expenses Incurred on Film 'Aarakshan': ITAT [Read Order]
While holding that the investment for the purchase of distribution of a film is “intangible right,” the Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) has disallowed the claim of M/s...
![Nadiadwala Entertainment cannot Claim Loss in respect of Expenses Incurred on Film Aarakshan: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Nadiadwala-Entertainment-Entertainment-Claim-Loss-Claim-Film-Aarakshan-ITAT-taxscan.jpg "Nadiadwala Entertainment cannot Claim Loss in respect of Expenses Incurred on Film Aarakshan: ITAT [Read Order]")
Amount received from Sale of Software Products not Royalty as per Article 12(3) of India -USA DTAA, not Taxable in India: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) held that the Amount received from the sale of software products is not royalty as per Article 12(3) of India -USA DTAA and is not taxable...
![Amount received from Sale of Software Products not Royalty as per Article 12(3) of India -USA DTAA, not Taxable in India: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Amount-received-Sale-of-Software-Products-Software-Products-Royalty-India-USA-DTAA-ITAT-taxscan.jpg "Amount received from Sale of Software Products not Royalty as per Article 12(3) of India -USA DTAA, not Taxable in India: ITAT [Read Order]")
![Shares held as Investment can be allowed as Long-Term Capital Gain: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Share-Investment-Long-Term-Capital-Gain-ITAT-taxscan.jpg "Shares held as Investment can be allowed as Long-Term Capital Gain: ITAT [Read Order]")
Ill-Health of Wife “Reasonable Cause” for Non-Compliance u/s 44B: ITAT deletes Income Tax Penalty [Read Order]
In a ruling granting relief to the assessee, the Pune bench of the Income Tax Appellate Tribunal (ITAT) has held that the ill-health of the wife would constitute “reasonable cause” for the...
![Ill-Health of Wife “Reasonable Cause” for Non-Compliance u/s 44B: ITAT deletes Income Tax Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Ill-Health-of-Wife-Reasonable-Cause-Non-Compliance-us-44B-ITAT-Income-Tax-Penalty-Taxscan.jpg "Ill-Health of Wife “Reasonable Cause” for Non-Compliance u/s 44B: ITAT deletes Income Tax Penalty [Read Order]")
AO and CIT(A) are Quasi Judicial Authorities Employed for Execution of Income Tax Act: ITAT slams 'Suspicious Transactions' made by Assessee [Read Order]
The Assessing Officer as well as the CIT(A) who are quasi-judicial authorities employed for execution of the provisions of the Income Tax Act.” The Pune Bench of the Income Tax Appellate Tribunal...
![AO and CIT(A) are Quasi Judicial Authorities Employed for Execution of Income Tax Act: ITAT slams Suspicious Transactions made by Assessee [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/AO-CITA-Quasi-Judicial-Authorities-Execution-of-Income-Tax-Act-ITAT-Suspicious-Transactions-Taxscan.jpg "AO and CIT(A) are Quasi Judicial Authorities Employed for Execution of Income Tax Act: ITAT slams Suspicious Transactions made by Assessee [Read Order]")