![Any Action of Income Tax Dept Violating CBDT Instructions Untenable in Law: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Income-Tax-Dept-CBDT-CBDT-Instructions-income-Tax-Law-ITAT-taxscan.jpg "Any Action of Income Tax Dept Violating CBDT Instructions Untenable in Law: ITAT [Read Order]")
Any Action of Income Tax Dept Violating CBDT Instructions Untenable in Law: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune bench has held that any action of the income tax department violating the instructions of the CBDT is...
![CSR Expenses to be Excluded while Computing Book Profit u/s 115B: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/CSR-Expenses-Book-Profit-ITAT-taxscan.jpg "CSR Expenses to be Excluded while Computing Book Profit u/s 115B: ITAT [Read Order]")
![No Information as to Purchase in Books of Accounts was adjusted for Purchase Return: ITAT restores matter [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Purchase-Purchase-in-Books-of-Accounts-Books-of-Accounts-Purchase-Return-ITAT-taxscan.jpg "No Information as to Purchase in Books of Accounts was adjusted for Purchase Return: ITAT restores matter [Read Order]")
![Interest in Replacement Rehabilitation and Development Fund must be Directly taken into P& L Account: Orissa HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Replacement-Rehabilitation-Development-Fund-Orissa-HC-TAXSCAN.jpg "Interest in Replacement Rehabilitation and Development Fund must be Directly taken into P& L Account: Orissa HC [Read Order]")
![Assessing Officer cannot refer matter to DVO without rejecting Books of Account: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Assessing-Officer-DVO-Books-of-Account-ITAT-taxscan.jpg "Assessing Officer cannot refer matter to DVO without rejecting Books of Account: ITAT [Read Order]")
Shareholders failed to prove Source of their Investments: ITAT grants Opportunity to prove Genuineness and Creditworthiness of Shareholder [Read Order]
The Hyderabad bench of the Income Tax Appellate Tribunal (ITAT) grants the opportunity to prove the genuineness and creditworthiness of shareholders as they file to prove the source of Investment. ...
![Shareholders failed to prove Source of their Investments: ITAT grants Opportunity to prove Genuineness and Creditworthiness of Shareholder [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Source-of-Investments-ITAT-Investments-Genuineness-of-Shareholders-Creditworthiness-of-Shareholder-taxscan.jpg "Shareholders failed to prove Source of their Investments: ITAT grants Opportunity to prove Genuineness and Creditworthiness of Shareholder [Read Order]")
Disallowance u/s 14A not applicable on Interest Income earned from Negative Capital of Partnership: ITAT [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) held that disallowance under section 14A of the Income Tax Act,1961 does not apply to interest income earned from the negative capital...
![Disallowance u/s 14A not applicable on Interest Income earned from Negative Capital of Partnership: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Disallowance-Interest-Income-Negative-Capital-Partnership-ITAT-TAXSCAN.jpg "Disallowance u/s 14A not applicable on Interest Income earned from Negative Capital of Partnership: ITAT [Read Order]")
Foreign Dividend Income Which is Chargeable to Tax is outside the provision of 14 A: ITAT rules in favour of Tata Industries [Read Order]
In a significant case of Tata Industries, the Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that foreign dividend income which is chargeable to tax is outside the provision of 14...
![Foreign Dividend Income Which is Chargeable to Tax is outside the provision of 14 A: ITAT rules in favour of Tata Industries [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Foreign-Dividend-Income-Chargeable-to-Tax-ITAT-Tata-Industries-TAXSCAN.jpg "Foreign Dividend Income Which is Chargeable to Tax is outside the provision of 14 A: ITAT rules in favour of Tata Industries [Read Order]")
Payment of Lease Rentals on Annual basis would attract TDS u/s 194-I of Income Tax Act: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) held that the payment of lease rentals on annual basis would attract TDS under section 194-I of the Income Tax Act, 1961. Ajnara India...
![Payment of Lease Rentals on Annual basis would attract TDS u/s 194-I of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Payment-Payment-of-Lease-Rentals-Lease-Rentals-Lease-Rentals-on-Annual-basis-TDS-Income-Tax-Act-ITAT-taxscan.jpg "Payment of Lease Rentals on Annual basis would attract TDS u/s 194-I of Income Tax Act: ITAT [Read Order]")
Relief to Tata Industries: ITAT allows set off of brought Forward Business Losses against Foreign Dividend Income [Read Order]
As a relief to Tata Industries, the Mumbai bench of the Income Tax Appellate Tribunal (ITAT) allowed the set offof brought forward business losses against foreign dividend income. The...
![Relief to Tata Industries: ITAT allows set off of brought Forward Business Losses against Foreign Dividend Income [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Tata-Industries-ITAT-Business-Losses-Foreign-Dividend-Income-TAXSCAN.jpg "Relief to Tata Industries: ITAT allows set off of brought Forward Business Losses against Foreign Dividend Income [Read Order]")
Settlement of Dispute under VSVS Scheme on Computing Income in terms of APA between Parties: ITAT orders Re Adjudication [Read Order]
In a recent ruling, the Chennai bench of the Income Tax Appellate Tribunal (ITAT) has ordered adjudication when the settlement of a dispute under the Vivad se Vishwas (VSVS) Scheme on computing...
![Settlement of Dispute under VSVS Scheme on Computing Income in terms of APA between Parties: ITAT orders Re Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Settlement-of-Dispute-VSVS-Scheme-on-Computing-Income-VSVS-Scheme-APA-ITAT-Re-Adjudication-taxscan.jpg "Settlement of Dispute under VSVS Scheme on Computing Income in terms of APA between Parties: ITAT orders Re Adjudication [Read Order]")
