![Payment to Processing Agency for Computer Assisted Work Not Professional Service, No TDS u/s 194J: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Payment-Processing-Assisted-Professional-Service-TDS-ITAT-TAXSCAN.jpg "Payment to Processing Agency for Computer Assisted Work Not Professional Service, No TDS u/s 194J: ITAT [Read Order]")
Payment to Processing Agency for Computer Assisted Work Not 'Professional Service', No TDS u/s 194J: ITAT [Read Order]
The Raipur bench of the Income Tax Appellate Tribunal (ITAT) has held that the payment made to the processing agency for the computer assisted work...
![Estimation of Value of Assets by VO u/s. 142A of Income Tax Act Not Applicable on Purchase of Ready Built House by Assessee: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Value-of-Assets-Income-Tax-Income-Tax-Act-Purchase-of-Ready-Built-House-ITAT-taxscan.jpg "Estimation of Value of Assets by VO u/s. 142A of Income Tax Act Not Applicable on Purchase of Ready Built House by Assessee: ITAT [Read Order]")
![Addition under Deeming Provision of S. 50C cannot Attract Income Tax Penalty for Concealment of Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Deeming-Provision-Income-Tax-Penalty-Income-ITAT-TAXSCAN.jpg "Addition under Deeming Provision of S. 50C cannot Attract Income Tax Penalty for Concealment of Income: ITAT [Read Order]")
![Withholding Information to establish Genuineness of Transactions: ITAT dismisses Appeal holding Fraud [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Information-Genuineness-of-Transactions-ITAT-Fraud-TAXSCAN.jpg "Withholding Information to establish Genuineness of Transactions: ITAT dismisses Appeal holding Fraud [Read Order]")
![Profits from Transfer of Interest in Hydro Projects is Income from Business: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Interest-in-Hydro-Projects-Profits-from-Transfer-of-Interest-Hydro-Projects-Transfer-of-Interest-income-from-Business-ITAT-taxscan.jpg "Profits from Transfer of Interest in Hydro Projects is Income from Business: ITAT [Read Order]")
Tangible Information to form belief of Escapement of Income: ITAT validates Re-Assessment [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune Bench validated re assessment on the ground that there was tangible information to form belief of escapement of income. The appellant, M/s. Minakshi...
![Tangible Information to form belief of Escapement of Income: ITAT validates Re-Assessment [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Escapement-of-Income-ITAT-Re-Assessment-taxscan.jpg "Tangible Information to form belief of Escapement of Income: ITAT validates Re-Assessment [Read Order]")
Builder not liable to Pay Notional Rent on Residential Assets held as Stock-in-Trade: ITAT deletes Income Tax Addition [Read Order]
The Pune bench of the Income Tax Appellate Tribunal (ITAT) has held that the addition of notional rent in respect of residential assets held as stock-in-trade by the Builder is not valid. ...
![Builder not liable to Pay Notional Rent on Residential Assets held as Stock-in-Trade: ITAT deletes Income Tax Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Builder-Residential-Assets-Notional-Rent-Notional-Rent-on-Residential-Assets-Stock-in-Trade-ITAT-Income-Tax-Addition-taxscan-.jpg "Builder not liable to Pay Notional Rent on Residential Assets held as Stock-in-Trade: ITAT deletes Income Tax Addition [Read Order]")
![No Limitation for Filing a declaration Claiming Exemption from TCS u/s 206C(1A): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Filing-a-declaration-Exemption-from-TCS-TCS-ITAT-taxscan.jpg "No Limitation for Filing a declaration Claiming Exemption from TCS u/s 206C(1A): ITAT [Read Order]")
Expenses towards Renovation of Business Showrooms 'Revenue' in Nature: ITAT allows Income Tax Deduction to Skoda Dealers [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad bench has held that the expenses incurred by the car dealers towards renovating its four business showrooms are revenue in nature for the purpose...
![Expenses towards Renovation of Business Showrooms Revenue in Nature: ITAT allows Income Tax Deduction to Skoda Dealers [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Renovation-Business-Revenue-Nature-ITAT-Income-Tax-Deduction-Skoda-Dealers-TAXSCAN.jpg "Expenses towards Renovation of Business Showrooms Revenue in Nature: ITAT allows Income Tax Deduction to Skoda Dealers [Read Order]")
No Records to prove the Trust Charges Nominal Fee from Weaker Sections to claim Tax Exemption: ITAT directs Re-adjudication
The Chennai Bench of Income Tax Appellate Tribunal (ITAT) directed for re-adjudication as there were no records to prove that the trust charges a nominal fee from the weaker sections to claim the tax...
Penalty u/s 271AAA can be Imposed When Assessee accepted Undisclosed Income in section 132(4) statement: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that penalty under section 271AAA of the Income Tax Act can be imposed when the assessee accepted undisclosed income in the...
![Penalty u/s 271AAA can be Imposed When Assessee accepted Undisclosed Income in section 132(4) statement: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Penalty-Undisclosed-Income-statement-ITAT-TAXSCAN.jpg "Penalty u/s 271AAA can be Imposed When Assessee accepted Undisclosed Income in section 132(4) statement: ITAT [Read Order]")
Assessee failed to Prove Audit Books under any Law, clause (a)(ii) of Section 139(1) of Income Tax Act not applicable: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that the assessee failed to prove the audit books under any law and clause (a)(ii) of section 139(1) of the Income Tax Act,1961...
![Assessee failed to Prove Audit Books under any Law, clause (a)(ii) of Section 139(1) of Income Tax Act not applicable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Audit-book-Law-Income-Tax-Act-ITAT-taxscan.jpg "Assessee failed to Prove Audit Books under any Law, clause (a)(ii) of Section 139(1) of Income Tax Act not applicable: ITAT [Read Order]")