![Disallowance u/a 40A (3) is not applicable when Payment was by Account Payee Cheque or Account Payee DD: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Disallowance-not-applicable-Payment-Account-Payee-Cheque-Account-Payee-DD-ITAT-TAXSCAN.jpg "Disallowance u/a 40A (3) is not applicable when Payment was by Account Payee Cheque or Account Payee DD: ITAT [Read Order]")
Disallowance u/a 40A (3) is not applicable when Payment was by Account Payee Cheque or Account Payee DD: ITAT [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal (ITAT) held that disallowances under Section 40A (3) of the Income Tax Act, 1961 are not...
![Lease Rent and Packaging Charges derived under Lease Agreements for rendering Manufacturing Services to IMFL is Business Income :ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Lease-Rent-Packaging-Charges-Lease-Agreements-rendering-Manufacturing-Services-IMFL-Business-Income-ITAT-TAXSCAN.jpg "Lease Rent and Packaging Charges derived under Lease Agreements for rendering Manufacturing Services to IMFL is Business Income :ITAT [Read Order]")
![Relief to Wipro: ITAT Quashes Order of AO Disallowing Interest Expenditure and Orders Re-computation of Deduction u/s 10AA of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Relief-Wipro-ITAT-AO-Disallowing-Interest-Expenditure-Orders-Re-computation-Deduction-Income-Tax-Act-TAXSCAN.jpg "Relief to Wipro: ITAT Quashes Order of AO Disallowing Interest Expenditure and Orders Re-computation of Deduction u/s 10AA of Income Tax Act [Read Order]")
![Power of Attorney should be verified in Sale of an Inherent Property: ITAT sets aside the Assessment Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Power-Attorney-verified-Sale-Inherent-Property-ITAT-Assessment-Order-TAXSCAN.jpg "Power of Attorney should be verified in Sale of an Inherent Property: ITAT sets aside the Assessment Order [Read Order]")
![Amount given by Co-Purchaser for Services towards Arranging Sale is Income: ITAT confirms Income Tax Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Amount-Co-Purchaser-Services-Arranging-Sale-Income-ITAT-Income-Tax-TAXSCAN.jpg "Amount given by Co-Purchaser for Services towards Arranging Sale is Income: ITAT confirms Income Tax Addition [Read Order]")
No addition can be made on Cash Deposited to Bank Account from Husband's Savings for pay of Bank Loan: ITAT [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) held that addition could not be made on cash deposited to the bank account from husband's savings for payment of bank loan. The...
![No addition can be made on Cash Deposited to Bank Account from Husbands Savings for pay of Bank Loan: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Cash-Deposited-Bank-Account-Husbands-Savings-pay-Bank-Loan-ITAT-TAXSCAN.jpg "No addition can be made on Cash Deposited to Bank Account from Husbands Savings for pay of Bank Loan: ITAT [Read Order]")
Payment made to a Non-resident doesn't amount to Deduction in Tax u/s 195 of Income Tax Act: ITAT dismisses Appeal [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal (ITAT) held that the payment made to the non-resident doesn’t amount to deduction in tax under Section 195 of the Income Tax Act, 1961. The...
![Payment made to a Non-resident doesnt amount to Deduction in Tax u/s 195 of Income Tax Act: ITAT dismisses Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Payment-made-to-a-Non-resident-Payment-Deduction-Income-Tax-Act-Income-Tax-ITAT-dismisses-Appeal-taxscan.jpg "Payment made to a Non-resident doesnt amount to Deduction in Tax u/s 195 of Income Tax Act: ITAT dismisses Appeal [Read Order]")
Violation of Procedural Norms does not Extinguish Substantial Right of Claiming Credit of FTC u/s 90 of Income Tax Act: ITAT [Read Order]
The New Delhi bench of the Income Tax Appellate Tribunal (ITAT) held that the violation of procedural norms does not extinguish the substantial right of claiming the credit of Foreign Tax Credit...
![Violation of Procedural Norms does not Extinguish Substantial Right of Claiming Credit of FTC u/s 90 of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Violation-of-Procedural-Norms-Substantial-Right-of-Claiming-Credit-of-FTC-FTC-Income-Tax-Credit-of-FTC-Income-Tax-Act-Income-Tax-ITAT-taxscan.jpg "Violation of Procedural Norms does not Extinguish Substantial Right of Claiming Credit of FTC u/s 90 of Income Tax Act: ITAT [Read Order]")
ITAT upholds Deletion of Addition u/s 69A of Income Tax Act by CIT(A) on Ground of Genuine Disclosure of Transactions in ROI [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal (ITAT) upheld the deletion of addition made under section 69A of the Income Tax Act,1961 by the Commissioner of Income Tax (Appeals) on the...
![ITAT upholds Deletion of Addition u/s 69A of Income Tax Act by CIT(A) on Ground of Genuine Disclosure of Transactions in ROI [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/ITAT-Upholds-Deletion-Income-Tax-Act-CITA-Ground-Genuine-Disclosure-Transactions-ROI-TAXSCAN.jpg "ITAT upholds Deletion of Addition u/s 69A of Income Tax Act by CIT(A) on Ground of Genuine Disclosure of Transactions in ROI [Read Order]")
No Penalty can be imposed if Assessee Proves there was Reasonable cause for Delay in Filing Books of Account u/s 273B of Income Tax Act: ITAT [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) held that no penalty can be imposed if the assessee proves that there was a reasonable cause for delay in filing books of account under...
![No Penalty can be imposed if Assessee Proves there was Reasonable cause for Delay in Filing Books of Account u/s 273B of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/No-Penalty-Assessee-Proves-Reasonable-cause-Delay-Filing-Books-Account-Income-Tax-Act-ITAT-TAXSCAN.jpg "No Penalty can be imposed if Assessee Proves there was Reasonable cause for Delay in Filing Books of Account u/s 273B of Income Tax Act: ITAT [Read Order]")
Payment Received by Colgate Palmolive Malaysia from Colgate India to Access SAP System is not ’Royalty'; Not Taxable: Bombay HC [Read Order]
A Division Bench of Bombay High Court ruled that the payment received by the Colgate Palmolive Marketing SDN BHD, from the Colgate Palmolive (India) Limited to access the SAP system does not amount...
![Payment Received by Colgate Palmolive Malaysia from Colgate India to Access SAP System is not ’Royalty; Not Taxable: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Payment-Received-by-Colgate-Palmolive-Malaysia-from-Colgate-India-Colgate-Palmolive-Malaysia-Colgate-Colgate-India-Bombay-High-Court-Taxscan.jpg "Payment Received by Colgate Palmolive Malaysia from Colgate India to Access SAP System is not ’Royalty; Not Taxable: Bombay HC [Read Order]")
Benefits of Exemption of Income Tax to Charitable Organization cannot be Deprived due to Technical Lapses: ITAT Condones Delay of 1098 Days [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) held that a charitable organization should not be deprived of the benefit of exemption available to it under Section 11 of the Income Tax...
![Benefits of Exemption of Income Tax to Charitable Organization cannot be Deprived due to Technical Lapses: ITAT Condones Delay of 1098 Days [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Benefits-Exemption-Income-Tax-Charitable-Organization-Deprived-due-Technical-Lapses-ITAT-Condones-Delay-TAXSCAN.jpg "Benefits of Exemption of Income Tax to Charitable Organization cannot be Deprived due to Technical Lapses: ITAT Condones Delay of 1098 Days [Read Order]")