![Refund of Tax recovered/collected is a ‘Debt’ till Actual Payment: Delhi HC asks Dept to pay Interest to Punjab & Sind Bank [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Refund-Tax-r-Debt-Actual-Payment-Delhi-HC-Dept-Interest-Punjab-Sind-Bank-taxscan.jpg "Refund of Tax recovered/collected is a ‘Debt’ till Actual Payment: Delhi HC asks Dept to pay Interest to Punjab & Sind Bank [Read Order]")
Refund of Tax recovered/collected is a ‘Debt’ till Actual Payment: Delhi HC asks Dept to pay Interest to Punjab & Sind Bank [Read Order]
The division bench of the High Court of Delhi has held that the refund of tax recovered or collected is a "debt" till actual payment and asks the...
![TDS Credit disallowed without verifying fact is not sustainable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/TDS-credit-ITAT-taxscan.jpeg "TDS Credit disallowed without verifying fact is not sustainable: ITAT [Read Order]")
![No Satisfaction recorded that Tax cannot be recovered from Company: Bombay HC quashes Recovery Procedure u/s 179 against Director [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Tax-Bombay-HC-Recovery-Procedure-taxscan.jpeg "No Satisfaction recorded that Tax cannot be recovered from Company: Bombay HC quashes Recovery Procedure u/s 179 against Director [Read Order]")
![Employee Welfare Expenses cannot be included in Fringe Benefits Tax: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Employee-Welfare-Expenses-Fringe-Benefits-Tax-ITAT-taxscan.jpg "Employee Welfare Expenses cannot be included in Fringe Benefits Tax: ITAT [Read Order]")
Income Tax Deduction for Expenses on Covid-19 Treatment: CBDT Notifies Conditions and Form [Read Notification]
The Central Board of Direct Taxes (CBDT) has notified the conditions and for availing income tax deduction for the expenses incurred on covid-19 treatment. The Finance Bill, 2022 has provided for...
![Income Tax Deduction for Expenses on Covid-19 Treatment: CBDT Notifies Conditions and Form [Read Notification]](https://www.taxscan.in/wp-content/uploads/2022/08/Income-Tax-Deduction-Expenses-Covid-19-Treatment-CBDT-taxscan-1.jpg "Income Tax Deduction for Expenses on Covid-19 Treatment: CBDT Notifies Conditions and Form [Read Notification]")
![Refunds cannot be withheld just to verify the claim for deduction u/s 10AA: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Refunds-claim-deduction-Delhi-HC-taxscan.jpg "Refunds cannot be withheld just to verify the claim for deduction u/s 10AA: Delhi HC [Read Order]")
Capital Gain on Sale of ESOP offered to Tax as 'Perquisite' considering FMV: ITAT dismisses Appeal by Microsoft Veteran and Google Cloud India VP Anil Bhansali [Read Order]
In a major setback to the current Google Cloud India Vice President and former Microsoft employee, Mr. Anil Bhansali, the Hyderabad bench of the Income Tax Appellate Tribunal (ITAT) has dismissed an...
![Capital Gain on Sale of ESOP offered to Tax as Perquisite considering FMV: ITAT dismisses Appeal by Microsoft Veteran and Google Cloud India VP Anil Bhansali [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Capital-Gain-ESOP-FMV-ITAT-Microsoft-Veteran-Google-Cloud-India-VP-Anil-Bhansali-taxscan.jpeg "Capital Gain on Sale of ESOP offered to Tax as Perquisite considering FMV: ITAT dismisses Appeal by Microsoft Veteran and Google Cloud India VP Anil Bhansali [Read Order]")
Income Tax Dept expresses Regret on filing Infructuous Appeal against Huawei Technologies: Delhi HC directs Dept to be More Careful [Read Order]
In a relief to Huawei Technologies, the division bench of the Delhi High Court has directed the income tax department to be more careful in filing appeal after the department expressed regret over...
![Income Tax Dept expresses Regret on filing Infructuous Appeal against Huawei Technologies: Delhi HC directs Dept to be More Careful [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Income-Tax-Dept-Huawei-Technologies-Delhi-HC-taxscan.jpeg "Income Tax Dept expresses Regret on filing Infructuous Appeal against Huawei Technologies: Delhi HC directs Dept to be More Careful [Read Order]")
Royalty Expenses paid by Mercedes Benz India to Daimler AG Deductible from Business Income: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune bench has held that the royalty expenses incurred by Mercedes Benz India to Daimler AG is deductible from the business income of the Company as the same...
![Royalty Expenses paid by Mercedes Benz India to Daimler AG Deductible from Business Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Royalty-Expenses-Mercedes-Benz-India-Daimler-AG-Business-Income-ITAT-taxscan.jpeg "Royalty Expenses paid by Mercedes Benz India to Daimler AG Deductible from Business Income: ITAT [Read Order]")
Contract based on which Addition is made is Subject Matter of Litigation: Protective Assessment can’t be made, rules ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore bench has held that the protective assessment under the Income Tax Act, 1961 cannot be made when the contract based on which the addition was made...
![Contract based on which Addition is made is Subject Matter of Litigation: Protective Assessment can’t be made, rules ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Contract-Litigation-Protective-Assessment-ITAT-Taxscan.jpeg "Contract based on which Addition is made is Subject Matter of Litigation: Protective Assessment can’t be made, rules ITAT [Read Order]")