![NRI settled in UAE Eligible for DTAA Benefit: ITAT deletes Addition for Investment made in India on receipt of Tax Domicile Certificate [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/NRI-settled-UAE-DTAA-Benefit-ITAT-Tax-Domicile-Certificate-TAXSCAN.jpg "NRI settled in UAE Eligible for DTAA Benefit: ITAT deletes Addition for Investment made in India on receipt of Tax Domicile Certificate [Read Order]")
NRI settled in UAE Eligible for DTAA Benefit: ITAT deletes Addition for Investment made in India on receipt of Tax Domicile Certificate [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai bench, while granting relief to a non-resident Indian (NRI) settled in UAE, has held that the...
![Hindi Sahitya Sammelan eligible for Income Tax Exemption u/s10(23C) (vi) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Hindi-Sahitya-Sammelan-eligible-Income-Tax-Exemption-Income-Tax-Act-ITAT-TAXSCAN.jpg "Hindi Sahitya Sammelan eligible for Income Tax Exemption u/s10(23C) (vi) of Income Tax Act: ITAT [Read Order]")
![Proceedings u/s 153C cannot be initiated in absence of incriminating material found during search: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/incriminating-material-ITAT-taxscan.jpg "Proceedings u/s 153C cannot be initiated in absence of incriminating material found during search: ITAT [Read Order]")
Revision proceedings cannot be initiated when assessee has opted to settle dispute under DTVSV Scheme: ITAT [Read Order]
The Bengaluru Bench of the Income Tax Appellate Tribunal (ITAT), held that Revision proceedings cannot be initiated when assessee has opted to settle dispute under DTVSV scheme. The assessee,Pavan...
![Revision proceedings cannot be initiated when assessee has opted to settle dispute under DTVSV Scheme: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Revision-proceedings-DTVSV-ITAT-TAXSCAN.jpg "Revision proceedings cannot be initiated when assessee has opted to settle dispute under DTVSV Scheme: ITAT [Read Order]")
Relief to Radisson Hotel Interaction Incorporated: Delhi HC holds Receipts of assessee from various activities of Hotel Management constitute Fee for Technical Services
The Delhi High Court granted relief to Radisson Hotel Interaction Incorporated and reiterated that Receipts of assessee from various activities of hotel management constitute ‘Fee for Technical...
Net Profit Margin to be Adjusted to take into Account the differences between International Transactions and Comparable Uncontrolled Transactions: ITAT [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Bangalore, has recently while deciding an appeal filed before it by an assessee, held that net profit margin arising in comparable uncontrolled...
![Net Profit Margin to be Adjusted to take into Account the differences between International Transactions and Comparable Uncontrolled Transactions: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Net-Profit-Margin-International-Transactions-Transactions-ITAT-taxscan.jpg "Net Profit Margin to be Adjusted to take into Account the differences between International Transactions and Comparable Uncontrolled Transactions: ITAT [Read Order]")
Deduction of Expenditure u/s 57(iii) can be for Negative or Positive Income: ITAT quashes Order of CIT(A) [Read Order]
The Chandigarh Bench of the Income Tax Appellate Tribunal (ITAT) has held that the deduction of expenditure u/s 57(iii) of the Income Tax Act,1961 can be for negative or positive income. Sh....
![Deduction of Expenditure u/s 57(iii) can be for Negative or Positive Income: ITAT quashes Order of CIT(A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Deduction-Expenditure-Income-ITAT-taxscan.jpg "Deduction of Expenditure u/s 57(iii) can be for Negative or Positive Income: ITAT quashes Order of CIT(A) [Read Order]")
Travelling Expenses as being incurred wholly and exclusively for the purpose of Business can be allowed as Deduction: ITAT [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that the travelling expenses being incurred wholly and exclusively for business can be allowed as a deduction. M/s. Express...
![Travelling Expenses as being incurred wholly and exclusively for the purpose of Business can be allowed as Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Travelling-Expenses-Business-Deduction-ITAT-taxscan.jpg "Travelling Expenses as being incurred wholly and exclusively for the purpose of Business can be allowed as Deduction: ITAT [Read Order]")
Absence of Incriminating Material for order u/s 153A of the Income Tax Act: Delhi HC dismisses Appeal [Read Order]
A Division Bench of the Delhi High Court dismissed appeal in the absence of incriminating material for an order passed under Section 153A of the Income Tax Act, 1961. The respondent in the present...
![Absence of Incriminating Material for order u/s 153A of the Income Tax Act: Delhi HC dismisses Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Incriminating-Material-Income-Tax-Act-Delhi-HC-dismisses-TAXSCAN.jpg "Absence of Incriminating Material for order u/s 153A of the Income Tax Act: Delhi HC dismisses Appeal [Read Order]")
Overwhelming Genuine Business Transactions cannot be Disallowed under section 40(3) Income Tax: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune Bench held that the Overwhelming Genuine Business Transactions cannot be Disallowed under section 40(3) Income Tax Act 1961 where the overwhelming...
![Overwhelming Genuine Business Transactions cannot be Disallowed under section 40(3) Income Tax: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Business-Transactions-Income-Tax-ITAT-taxscan.jpg "Overwhelming Genuine Business Transactions cannot be Disallowed under section 40(3) Income Tax: ITAT [Read Order]")