![Difference b/w Sale Consideration and Stamp Duty Valuation is Less than 10%: ITAT deletes Addition u/s 50C [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Sale-Consideration-and-Stamp-Duty-Valuation-ITAT-TAXSCAN.jpg "Difference b/w Sale Consideration and Stamp Duty Valuation is Less than 10%: ITAT deletes Addition u/s 50C [Read Order]")
Difference b/w Sale Consideration and Stamp Duty Valuation is Less than 10%: ITAT deletes Addition u/s 50C [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal (ITAT) deleted the addition under section 50C of the Income Tax Act,1961 as the difference...
![Compensation on compulsory acquisition of land is exempted u/s 10(37): ITAT deletes income tax addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Compensation-on-compulsory-acquisition-of-land-ITAT-income-tax-addition-TAXSCAN.jpg "Compensation on compulsory acquisition of land is exempted u/s 10(37): ITAT deletes income tax addition [Read Order]")
![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]")
![EHL Ltd and The Lalit Golf and Spa Resort fails to respond notice u/s 133(6): ITAT to deletes Addition on Marketing Expenses [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/EHL-Ltd-and-The-Lalit-Golf-and-Spa-Resort-respond-notice-ITAT-Marketing-Expenses-TAXSCAN.jpg "EHL Ltd and The Lalit Golf and Spa Resort fails to respond notice u/s 133(6): ITAT to deletes Addition on Marketing Expenses [Read Order]")
![Relief to Vinati Organics: ITAT confirms Treating Sale Tax Subsidy received as Capital Receipt [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Vinati-Organics-ITAT-Sale-Tax-Subsidy-received-Capital-Receipt-TAXSCAN.jpg "Relief to Vinati Organics: ITAT confirms Treating Sale Tax Subsidy received as Capital Receipt [Read Order]")
Consideration for Advisory Services does not amount to FTS under Indo-US Treaty, Not Taxable: Calcutta HC [Read Order]
The Calcutta High Court (HC) held that consideration for advisory services does not amount to FTS and cannot be treated as Fees for Included Services under Article 12(4)(b) of the India-US Double...
![Consideration for Advisory Services does not amount to FTS under Indo-US Treaty, Not Taxable: Calcutta HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Consideration-services-FTS-Indo-US-Treaty-Taxable-Calcutta-HC-TAXSCAN.jpg "Consideration for Advisory Services does not amount to FTS under Indo-US Treaty, Not Taxable: Calcutta HC [Read Order]")
No Income Tax Addition When Expenses are Shown under WIP and not added in Trading Account: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench consisting of Amit Shukla, Judicial Member and Amarjit Singh, Accountant Member held that no income tax addition can be made when expenses are...
![No Income Tax Addition When Expenses are Shown under WIP and not added in Trading Account: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/income-tax-addition-WIP-ITAT-TAXSCAN.jpg "No Income Tax Addition When Expenses are Shown under WIP and not added in Trading Account: ITAT [Read Order]")
Relief to MUFG Bank, Comparable Uncontrolled Price method for ALP bench marking International Transactions not justified: ITAT [Read Order]
In the case of MUFG Bank, the Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that the Comparable Uncontrolled Price method for ALP bench marking international transactions is not...
![Relief to MUFG Bank, Comparable Uncontrolled Price method for ALP bench marking International Transactions not justified: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/MUFG-Bank-Price-method-ALP-International-Transactions-ITAT-TAXSCAN.jpg "Relief to MUFG Bank, Comparable Uncontrolled Price method for ALP bench marking International Transactions not justified: ITAT [Read Order]")
![Restaurant Business Eligible to Declare Income Tax on Presumptive Basis: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Restaurant-Business-Eligible-Declare-Income-Tax-ITAT-TAXSCAN.jpg "Restaurant Business Eligible to Declare Income Tax on Presumptive Basis: ITAT [Read Order]")
Relief to Infosys: ITAT directs to delete Income Tax Addition of SEZ Book Profits u/s. 115JB [Read Order]
The Bangalore Bench of the Income Tax Appellate Tribunal (ITAT), directed the Assessing Officer (AO) to delete addition of Special Economic Zone (SEZ) book profits under Section 115JB of the Income...
![Relief to Infosys: ITAT directs to delete Income Tax Addition of SEZ Book Profits u/s. 115JB [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Infosys-ITAT-Income-Tax-Addition-of-SEZ-Book-Profits-Income-Tax-Addition-Income-Tax-taxscan.jpg "Relief to Infosys: ITAT directs to delete Income Tax Addition of SEZ Book Profits u/s. 115JB [Read Order]")
Order passed by TPO u/s 92CA(3A) on 30 May 2014 is barred by limitation: ITAT deletes Transfer Pricing Adjustment [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that the Order passed by TPO under section 92CA(3A) of the Income Tax Act,1961 on 30 May 2014 is barred by limitation and deleted...
![Order passed by TPO u/s 92CA(3A) on 30 May 2014 is barred by limitation: ITAT deletes Transfer Pricing Adjustment [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Order-TPO-ITAT-Transfer-pricing-Adjustment-taxscan.jpg "Order passed by TPO u/s 92CA(3A) on 30 May 2014 is barred by limitation: ITAT deletes Transfer Pricing Adjustment [Read Order]")