![Salary Accrued for Work Performed in Foreign Jurisdiction is not Taxable but Salary Received for Work Performed in India would be Taxable: ITAT Allows Benefits under India-China DTAA [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Salary-Accrued-for-Work-Performed-Salary-Accrued-Foreign-Jurisdiction-Salary-Received-for-Work-Performed-in-India-ITAT-Allows-Benefits-under-India-China-DTAA-Salary-Received-India-China-DTAA-taxscan.jpg "Salary Accrued for Work Performed in Foreign Jurisdiction is not Taxable but Salary Received for Work Performed in India would be Taxable: ITAT Allows Benefits under India-China DTAA [Read Order]")
Salary Accrued for Work Performed in Foreign Jurisdiction is not Taxable but Salary Received for Work Performed in India would be Taxable: ITAT Allows Benefits under India-China DTAA [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal (ITAT) held that salary income as accrued to the assessee for work performed in a foreign...
![ITAT quashes Reassessment Order passed u/s 148 of Income Tax Act based on vague reasons related to Transactions carried on platform of NSE [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/ITAT-quashes-Reassessment-Order-passed-Income-Tax-Act-ITAT-Reassessment-Order-passed-Transactions-carried-on-platform-of-NSE-Reassessment-taxscan.jpg "ITAT quashes Reassessment Order passed u/s 148 of Income Tax Act based on vague reasons related to Transactions carried on platform of NSE [Read Order]")
![Donations given out of Accumulated funds u/s 11(2) shall be deemed as Income of Trust: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Donations-given-out-of-Accumulated-funds-Income-of-Trust-Donations-ITAT-Accumulated-funds-taxscan.jpg "Donations given out of Accumulated funds u/s 11(2) shall be deemed as Income of Trust: ITAT [Read Order]")
![AO cannot Question Tax Residency of Entity Holding Valid TRC as per India-Mauritius DTAA: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/AO-cannot-Question-Tax-Residency-of-Entity-Holding-Tax-Residency-of-Entity-Holding-Valid-TRC-India-Mauritius-DTAA-ITAT-taxscan-1.jpg "AO cannot Question Tax Residency of Entity Holding Valid TRC as per India-Mauritius DTAA: ITAT [Read Order]")
![All known Losses should be Provided even if it is not Actually Incurred: ITAT deletes Addition on Valuation of Closing Stocks [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Losses-ITAT-Deletes-Addition-on-Valuation-of-Closing-Stocks-Valuation-of-Closing-Stocks-Closing-Stocks-Valuation-ITAT-Deletes-Addition-taxscan.jpg "All known Losses should be Provided even if it is not Actually Incurred: ITAT deletes Addition on Valuation of Closing Stocks [Read Order]")
No TDS shall be deducted in respect Perquisite Value of Unfurnished Accommodation provided by EPFO to its Employees: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) Bangalore bench held that no Tax Deduction at source (TDS) shall be done in respect of the perquisite value of unfurnished accommodation provided by Employee...
![No TDS shall be deducted in respect Perquisite Value of Unfurnished Accommodation provided by EPFO to its Employees: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/No-TDS-shall-be-deducted-in-respect-Perquisite-Value-Perquisite-Value-Unfurnished-Accommodation-provided-by-EPFO-to-its-Employees-ITAT-Unfurnished-Accommodation-EPFO-to-its-Employees-EPFO-taxscan.jpg "No TDS shall be deducted in respect Perquisite Value of Unfurnished Accommodation provided by EPFO to its Employees: ITAT [Read Order]")
No Addition shall be imposed on Assessee when AO has failed to consider payment made towards Amenities included in Basic Cost of flat: ITAT [Read Order]
The Surat bench of the Income Tax Appellate Tribunal (ITAT) held that no addition shall be imposed on the assessee when the Assessing Officer has failed to consider the payment made towards the...
![No Addition shall be imposed on Assessee when AO has failed to consider payment made towards Amenities included in Basic Cost of flat: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/No-Addition-shall-be-imposed-on-Assessee-payment-made-towards-Amenities-Cost-of-flat-ITAT-payment-Amenities-taxscan.jpg "No Addition shall be imposed on Assessee when AO has failed to consider payment made towards Amenities included in Basic Cost of flat: ITAT [Read Order]")
Loss on Forward Exchange Contracts of export business are business loss, not speculative loss u/s 43(5) of Income Tax Act: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) Chennai bench held that loss on forward exchange contracts of the export business are business losses not speculative losses under Section 43(5) of the Income...
![Loss on Forward Exchange Contracts of export business are business loss, not speculative loss u/s 43(5) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Loss-on-Forward-Exchange-Contracts-export-business-business-loss-speculative-loss-Income-Tax-Act-ITAT-taxscan.jpg "Loss on Forward Exchange Contracts of export business are business loss, not speculative loss u/s 43(5) of Income Tax Act: ITAT [Read Order]")
No Disallowance can be made in the Absence of Interest Received on Debit: ITAT deletes Addition [Read Order]
The Jodhpur bench of the Income Tax Appellate Tribunal held that when the interest is not received no disallowance can be made. The assessee marched the appeal on the ground that on the facts and...
![No Disallowance can be made in the Absence of Interest Received on Debit: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/No-Disallowance-Absence-of-Interest-Received-on-Debit-ITAT-deletes-Addition-Interest-Received-on-Debit-Interest-Received-taxscan.jpg "No Disallowance can be made in the Absence of Interest Received on Debit: ITAT deletes Addition [Read Order]")
Cancellation of Registration of Trust u/s 12 AB of Income Tax Act due to Failure of Assessee to Furnish Genuiness of Activities: ITAT orders Re-Adjudication [Read Order]
The Pune Bench of the Income Tax Appellate Tribunal (ITAT) held that the cancellation of registration of Trust under Section 12 AB of Income Tax Act, 1961 due to failure of assessee to respond to the...
![Cancellation of Registration of Trust u/s 12 AB of Income Tax Act due to Failure of Assessee to Furnish Genuiness of Activities: ITAT orders Re-Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Cancellation-of-Registration-of-Trust-Income-Tax-Act-Cancellation-Failure-of-Assessee-to-Furnish-Genuiness-of-Activities-ITAT-orders-Re-Adjudication-Re-Adjudication-taxscan.jpg "Cancellation of Registration of Trust u/s 12 AB of Income Tax Act due to Failure of Assessee to Furnish Genuiness of Activities: ITAT orders Re-Adjudication [Read Order]")
Deduction on Actual cost allowable before imposition of Tax on entire amount received from Sale of land: ITAT directs fresh Adjudication [Read Order]
The Indore bench of the Income Tax Appellate Tribunal (ITAT) held that the deduction on actual cost is allowable before the imposition of tax on the entire amount received from the sale of land. A...
![Deduction on Actual cost allowable before imposition of Tax on entire amount received from Sale of land: ITAT directs fresh Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Deduction-on-Actual-cost-imposition-of-Tax-Deduction-amount-received-from-Sale-of-land-ITAT-directs-fresh-Adjudication-Sale-of-land-taxscan.jpg "Deduction on Actual cost allowable before imposition of Tax on entire amount received from Sale of land: ITAT directs fresh Adjudication [Read Order]")
Disallowance u/s 40(a)(ia) of Income Tax Act shall be imposed when Assessee fails to deduct TDS on amount of Interest to NBFCs: ITAT [Read Order]
The Raipur bench of the Income Tax Appellate Tribunal (ITAT) held that the disallowance under Section 40(a)(ia) of the Income Tax Act, 1961 shall be imposed when the assessee failed to deduct the Tax...
![Disallowance u/s 40(a)(ia) of Income Tax Act shall be imposed when Assessee fails to deduct TDS on amount of Interest to NBFCs: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Disallowance-Income-Tax-Act-Income-Tax-Assessee-fails-to-deduct-TDS-TDS-amount-of-Interest-to-NBFCs-ITAT-NBFCs-taxscan.jpg "Disallowance u/s 40(a)(ia) of Income Tax Act shall be imposed when Assessee fails to deduct TDS on amount of Interest to NBFCs: ITAT [Read Order]")