Relief to Samsung India: Delhi HC quashes Initiation of Reassessment Proceedings after Lapse of 4 years [Read Order]
In a major relief to Samsung India, the Delhi High Court quashed the initiation of reassessment proceedings after lapse of 4 years. The present...
![Ratification Order under Income Tax Act Passed on Non Existing Entity is Invalid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/Income-Tax-Act-ITAT-Ratification-Income-Tax-Appellate-Tribunal-non-existent-entity-Income-Tax-taxscan.jpg "Ratification Order under Income Tax Act Passed on Non Existing Entity is Invalid: ITAT [Read Order]")
![Payments on Transactional Charges not covered u/s 194J(1)(ba) of Income Tax Act: ITAT deletes Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/097164cd-1ac6-4369-a337-9642d092d668.jpg "Payments on Transactional Charges not covered u/s 194J(1)(ba) of Income Tax Act: ITAT deletes Penalty [Read Order]")
![Rejection of Registration of Trust due to Mismatch of Trust name in Legal Documents and PAN database: ITAT directs Re adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/readjudication-Rejection-of-registration-ITAT-ahmedabad-PAN-taxscan.jpg "Rejection of Registration of Trust due to Mismatch of Trust name in Legal Documents and PAN database: ITAT directs Re adjudication [Read Order]")
Payment received by Non Resident assessee from Indian Company for IUC cannot be taxed as Royalty in India u/s 9(1)(vi) of Act on absence of DTAA: ITAT [Read Order]
The Bangalore bench of Income Tax Appellate Tribunal (ITAT) held that payment received by the non resident assessee from an Indian Company for IUC could not be taxed as royalty in India under Section...
![Payment received by Non Resident assessee from Indian Company for IUC cannot be taxed as Royalty in India u/s 9(1)(vi) of Act on absence of DTAA: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/ROYALTY.jpg "Payment received by Non Resident assessee from Indian Company for IUC cannot be taxed as Royalty in India u/s 9(1)(vi) of Act on absence of DTAA: ITAT [Read Order]")
Actual profit in Indian Currency declared after determining the Foreign Profit by calculating all Transactions in Foreign Currency is valid method: ITAT deletes the Addition
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) ruled that actual profit in Indian currency was declared after determining the foreign profit by calculating all transactions in foreign...
AO cannot alter Gross Profit Rate applied by Assessee without objecting to Books of Accounts under Income Tax Act: Allahabad HC [Read Order]
In a recent case, the Allahabad High Court has held that under Income Tax Act, 1961, the Assessing Officer ( AO ) cannot change Gross Profit Rate applied by the assesee once the acceptance of books...
![AO cannot alter Gross Profit Rate applied by Assessee without objecting to Books of Accounts under Income Tax Act: Allahabad HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/AO-Alter-Gross-Profit-Rate-Applied-Assessee-Objecting-Books-of-Accounts-Income-Tax-Act-Allahabad-HC-taxscan.jpg "AO cannot alter Gross Profit Rate applied by Assessee without objecting to Books of Accounts under Income Tax Act: Allahabad HC [Read Order]")
Assessee Eligible to Apply for Settlement under DTVSV Act when Disputed Tax Arrears still Exist: Delhi HC [Read Order]
The Delhi High Court held that the assessee is eligible to apply for settlement under the Direct Tax Vivad se Vishwas Act, 2020 (DTVSV Act) when the disputed tax arrears still exist. The petition,...
TDS has been Duly Deducted on Entire Salary Payments to Expats and Deposited into Govt account: ITAT deletes Addition of Rs. 1.83 crore [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) ruled that Tax Deducted at Source ( TDS ) has been duly deducted on the entire salary payments to expats and deposited into the...
Authority should Refrain from Over Analysis which leads to Paralysis of Justice: Bombay HC directs AO to pass Fresh Assessment Order [Read Order]
The Bombay High Court directed the Assessing Officer (AO) to pass fresh assessment order and observed that the “Authority should refrain from over analysis which leads to paralysis of justice”. ...
![Section 194C is not applicable on payments made by assessee Unless a charge is being determined: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/ITAT-Kolkata-Income-tax-appellate-tribunal-Section-194C-Income-tax-taxscan.jpg "Section 194C is not applicable on payments made by assessee Unless a charge is being determined: ITAT [Read Order]")