![Provisions of Book Profit not applicable to Banking Companies: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/01/Provisions-Book-Profit-Banking-Companies-ITAT-Taxscan.jpg "Provisions of Book Profit not applicable to Banking Companies: ITAT [Read Order]")
Provisions of Book Profit not applicable to Banking Companies: ITAT [Read Order]
The Bangalore bench of the Tribunal, while dismissing an appeal filed by the income tax department against Vyshya Bank held that the provisions of...
![Gujarat HC issues Notice to Govt. on plea challenging Income Tax Provision treating Defaulter as well as genuine Taxpayer at par [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/01/Gujarat-HC-notice-Govt.-plea-challenging-Income-Tax-defaulter-genuine-taxpayer-taxpayer-Taxscan.jpg "Gujarat HC issues Notice to Govt. on plea challenging Income Tax Provision treating Defaulter as well as genuine Taxpayer at par [Read Order]")
![License Fee paid for Long Term Right to use Telecommunication Spectrum is Capital Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/01/telecommunication-spectrum-ITAT-Taxscan.jpg "License Fee paid for Long Term Right to use Telecommunication Spectrum is Capital Expenditure: ITAT [Read Order]")
![Transactions in Client Ledger Account are Transactions entered in Ordinary Course of Business: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/01/Transactions-Client-Ledger-Account-Ordinary-Course-of-Business-Business-ITAT-Deletes-Addition-Taxscan.jpeg "Transactions in Client Ledger Account are Transactions entered in Ordinary Course of Business: ITAT deletes Addition [Read Order]")
Revisionary Jurisdiction can be invoked in a very Gross case of inadequacy in Inquiry by Assessing Officer: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that the revisionary jurisdiction under section 263 of the Income Tax Act, 1961 can be exercised in a very gross case of...
![Revisionary Jurisdiction can be invoked in a very Gross case of inadequacy in Inquiry by Assessing Officer: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/01/Revisionary-Jurisdication-Gross-case-Inadequacy-Inquiry-Assessing-Officer-ITAT-Taxscan.jpg "Revisionary Jurisdiction can be invoked in a very Gross case of inadequacy in Inquiry by Assessing Officer: ITAT [Read Order]")
UAE Company is an Independent Entity: Indian Company can’t be Taxed for Its’ Profit, rules ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi bench has ruled that a UAE Company is an independent entity and the profit earned by such a Company cannot be added in the hands of an Indian Company...
![UAE Company is an Independent Entity: Indian Company can’t be Taxed for Its’ Profit, rules ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/01/UAE-Company-Indian-Company-ITAT.jpg "UAE Company is an Independent Entity: Indian Company can’t be Taxed for Its’ Profit, rules ITAT [Read Order]")
Charges can be altered even after reversing Judgement: Madras HC dismisses Plea challenging Alternation of Charges on person accused of Non-Payment of Income Tax Arrears [Read Order]
The Madras High Court while dismissing a plea challenging Alternation of charges on persons accused of non-payment of Income Tax arrears held that Charges can be altered even after reversing...
![Charges can be altered even after reversing Judgement: Madras HC dismisses Plea challenging Alternation of Charges on person accused of Non-Payment of Income Tax Arrears [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/12/Madras-High-Court-Income-Tax-Arrears-Taxscan.jpg "Charges can be altered even after reversing Judgement: Madras HC dismisses Plea challenging Alternation of Charges on person accused of Non-Payment of Income Tax Arrears [Read Order]")
Bombay HC quashes SCN to Corporate Debtor, to submit Return for Assessment Year falling prior to approval of Resolution Plan under IBC [Read Order]
The Bombay High Court quashed the show cause notice to Corporate Debtor, to submit return for assessment year falling prior to approval of Resolution Plan under IBC. The petitioner, Murli...
![Bombay HC quashes SCN to Corporate Debtor, to submit Return for Assessment Year falling prior to approval of Resolution Plan under IBC [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/12/Bombay-HC-SCN-Coporate-Debtors-Assessment-year-Resolution-Plan-IBC-Taxscan.jpg "Bombay HC quashes SCN to Corporate Debtor, to submit Return for Assessment Year falling prior to approval of Resolution Plan under IBC [Read Order]")
Assessee entitled to Deduction of Employees’ Contribution of PF, ESI as contribution made was prior to due date of Final Return: ITAT [Read Order]
The Bangalore Bench of Income Tax Appellate Tribunal (ITAT) held that the assessee was entitled to the deduction of employees’ contribution of PF, and ESI as the contribution made was prior to the...
![Assessee entitled to Deduction of Employees’ Contribution of PF, ESI as contribution made was prior to due date of Final Return: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/12/Assessee-Deduction-of-Employees-PF-ESI-Final-Return-ITAT-Taxscan.jpg "Assessee entitled to Deduction of Employees’ Contribution of PF, ESI as contribution made was prior to due date of Final Return: ITAT [Read Order]")
Payment for Facebook Ads and Other Digital Advertising Companies not subject to TDS as per DTAA: ITAT [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) has held that the payments made for advertising through Facebook and other digital advertising companies shall not be subject to TDS...
![Payment for Facebook Ads and Other Digital Advertising Companies not subject to TDS as per DTAA: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/12/Digital-Marketing-Payment-Facebook-ads-Digital-advertising-Companies-TDS-DTAA-ITAT-Taxscan.jpeg "Payment for Facebook Ads and Other Digital Advertising Companies not subject to TDS as per DTAA: ITAT [Read Order]")
![Supreme Court dismisses plea challenging TDS on Interest payable under an Award of MACT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/12/SC-plea-challenging-TDS-Interest-Payable-MACT-Taxscan.jpeg "Supreme Court dismisses plea challenging TDS on Interest payable under an Award of MACT [Read Order]")