![AO bound to refer to TPO for Computation of Domestic specified Transactions: ITAT rules in favour of Zydus Healthcare [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/TPO-Domestic-specified-Transactions-Zydus-Healthcare-taxscan.jpg "AO bound to refer to TPO for Computation of Domestic specified Transactions: ITAT rules in favour of Zydus Healthcare [Read Order]")
AO bound to refer to TPO for Computation of Domestic specified Transactions: ITAT rules in favour of Zydus Healthcare [Read Order]
In as significant case of Zydus Healthcare, the Kolkata bench of the Income Tax Appellate Tribunal (ITAT) has held that AO is bound to refer to TPO...
![No Additions u/s 69A allowable for Deposit of Demonetized Currency if Advance Tax paid under PMGKY Scheme: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/No-Additions-Deposit-of-Demonetized-Currency-if-Advance-Tax-paid-under-PMGKY-Scheme-ITAT-TAXSCAN.jpg "No Additions u/s 69A allowable for Deposit of Demonetized Currency if Advance Tax paid under PMGKY Scheme: ITAT [Read Order]")
![Subsidy/Incentive received are Capital Receipts, should be excluded from Book Profit u/s 115JB: ITAT grants relief to Birla Corporation [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Subsidy-Incentive-Capital-Receipts-Book-Profit-ITAT-Birla-Corporation-taxscan.jpg "Subsidy/Incentive received are Capital Receipts, should be excluded from Book Profit u/s 115JB: ITAT grants relief to Birla Corporation [Read Order]")
![Non-filing of Form 27C: ITAT denies TCS Exemption u/s 206C to Seller [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Non-filing-of-Form-27C-ITAT-TCS-Exemption-Seller-Form-27C-taxscan.jpg "Non-filing of Form 27C: ITAT denies TCS Exemption u/s 206C to Seller [Read Order]")
![LTCG for Sale of Equity Shares as Bogus, not eligible to Exemption u/s 10(38) of Income Tax Act: ITAT confirms Income Tax Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/LTCG-for-Sale-of-Equity-Shares-as-Bogus-Income-Tax-Act-ITAT-confirms-Income-Tax-Addition-TAXSCAN.jpg "LTCG for Sale of Equity Shares as Bogus, not eligible to Exemption u/s 10(38) of Income Tax Act: ITAT confirms Income Tax Addition [Read Order]")
Relief to Birla Corporation: ITAT allows Income Tax Deduction u/s 80IA for Thermal Power Plants [Read Order]
The Kolkata Bench of the Income Tax Appellate Tribunal (ITAT), allowed deduction under Section 80IAof the Income Tax Act, 1961 for thermal power plants thereby granting relief to Birla Corporation. ...
![Relief to Birla Corporation: ITAT allows Income Tax Deduction u/s 80IA for Thermal Power Plants [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Birla-Corporation-ITAT-Income-Tax-Deduction-Thermal-Power-Plants-taxscan.jpg "Relief to Birla Corporation: ITAT allows Income Tax Deduction u/s 80IA for Thermal Power Plants [Read Order]")
Claim of Interest Subsidy from State Govt is Capital Receipt: ITAT grants relief to Birla Corporation [Read Order]
The Income Tax Appellate Tribunal (ITAT), Kolkata Bench granted relief to Birla Corporation Limited and held that Claim of interest subsidy from State Government is capital receipt. The...
![Claim of Interest Subsidy from State Govt is Capital Receipt: ITAT grants relief to Birla Corporation [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Interest-Subsidy-Interest-Subsidy-from-State-Govt-Capital-Receipt-ITAT-Birla-Corporation-taxscan.jpg "Claim of Interest Subsidy from State Govt is Capital Receipt: ITAT grants relief to Birla Corporation [Read Order]")
![Relief to Ambuja Cement: ITAT deletes ALP adjustment of 18 lakhs [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Relief-to-Ambuja-Cement-ITAT-deletes-ALP-adjustment-TAXSCAN.jpg "Relief to Ambuja Cement: ITAT deletes ALP adjustment of 18 lakhs [Read Order]")
Income from Shareholder's account liable to be Taxed as part of Life Insurance Business: ITAT grants relief to Tata AIA Life Insurance [Read Order]
A Division Bench of the Income Tax Appellate Tribunal (ITAT), Mumbai Bench held that Income from shareholders' account liable to be taxed as part of life insurance business, thereby granting relief...
![Income from Shareholders account liable to be Taxed as part of Life Insurance Business: ITAT grants relief to Tata AIA Life Insurance [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Income-from-shareholders-account-liable-to-be-taxed-as-part-of-life-insurance-business-ITAT-grants-relief-to-Tata-AIA-Life-Insurance-TAXSCAN.jpg "Income from Shareholders account liable to be Taxed as part of Life Insurance Business: ITAT grants relief to Tata AIA Life Insurance [Read Order]")
Condition of Proving ‘Source of Source of Funds’ under 68 not applicable to Non-Residents: ITAT deletes Income Tax Addition [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) has held that the condition of proving “source of source of funds” under 68 of the Income Tax Act,1961 does not apply to non-residents....
![Condition of Proving ‘Source of Source of Funds’ under 68 not applicable to Non-Residents: ITAT deletes Income Tax Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Source-of-Funds-Non-Residents-ITAT-Income-Addition-taxscan.jpg "Condition of Proving ‘Source of Source of Funds’ under 68 not applicable to Non-Residents: ITAT deletes Income Tax Addition [Read Order]")
Joint Commissioner sanctioned Re-open Notice u/s 148 after expiry of 4 yrs: ITAT quashes Assessment Order being Violative Sec 151 [Read Order]
The Income Tax Appellate Tribunal ( ITAT ) Ahmedabad Bench has held that Joint Commissioner sanctioned reopening notice under section 148 after the expiry of 4 years and quashes the assessment order...
![Joint Commissioner sanctioned Re-open Notice u/s 148 after expiry of 4 yrs: ITAT quashes Assessment Order being Violative Sec 151 [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Joint-Commissioner-Notice-ITAT-Assessment-order-taxscan.jpg "Joint Commissioner sanctioned Re-open Notice u/s 148 after expiry of 4 yrs: ITAT quashes Assessment Order being Violative Sec 151 [Read Order]")
Benefit of CBDT Circular providing Ceiling on Holding of Jewellery can be Extended to Jewellery held by Minor Son and Daughter: ITAT [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal (ITAT) has held that the benefit of the circular issued by the Central Board of Direct Taxes (CBDT) providing a ceiling on the holding of the...
![Benefit of CBDT Circular providing Ceiling on Holding of Jewellery can be Extended to Jewellery held by Minor Son and Daughter: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/CBDT-Circular-Holding-of-Jewellery-Ceiling-on-Holding-of-Jewellery-Jewellery-Minor-Son-Daughter-ITAT-taxscan.jpg "Benefit of CBDT Circular providing Ceiling on Holding of Jewellery can be Extended to Jewellery held by Minor Son and Daughter: ITAT [Read Order]")