![Additional Income Tax pay by Domestic Company to Resident Shareholder shall be at rate mentioned Section 115-O of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Additional-Income-Tax-pay-Domestic-Company-Resident-Shareholder-shall-at-rate-mentioned-Section-Income-Tax-Act-ITAT-TAXSCAN.jpg "Additional Income Tax pay by Domestic Company to Resident Shareholder shall be at rate mentioned Section 115-O of Income Tax Act: ITAT [Read Order]")
Additional Income Tax pay by Domestic Company to Resident Shareholder shall be at rate mentioned Section 115-O of Income Tax Act: ITAT [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has held that additional income tax pay by domestic companies to resident shareholders...
![Mistake Apparent from Record U/s 254(2) of Income Tax Act could be corrected by Tribunal: ITAT allows Rectification Application [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Mistake-Apparent-from-Record-Income-Tax-Act-could-be-corrected-by-Tribunal-ITAT-allows-Rectification-Application-TAXSCAN.jpg "Mistake Apparent from Record U/s 254(2) of Income Tax Act could be corrected by Tribunal: ITAT allows Rectification Application [Read Order]")
![Pre-clinical Laboratory Services Rendered by Non-resident to Customers in India would Not be Taxable in India: ITAT Quashes Assessment Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Pre-clinical-Laboratory-Services-Rendered-Non-resident-Customers-India-Taxable-India-ITAT-Assessment-Order-TAXSCAN.jpg "Pre-clinical Laboratory Services Rendered by Non-resident to Customers in India would Not be Taxable in India: ITAT Quashes Assessment Order [Read Order]")
![Non- compliance to Notice cannot be a Reason to Disallow Retention of Income to Charitable Organisation : ITAT Orders Readjudication of Exparte Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Non-compliance-Notice-cannot-Reason-Disallow-Retention-Income-Charitable-Organisation-ITAT-Orders-Readjudication-Exparte-TAXSCAN.jpg "Non- compliance to Notice cannot be a Reason to Disallow Retention of Income to Charitable Organisation : ITAT Orders Readjudication of Exparte Order [Read Order]")
NFAC cannot Adjudicate Appeals already Disposed of by CIT(A): ITAT direct Department to Pay Cost [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal (ITAT) has held that National Faceless Appellate Center (NFAC) could not adjudicate appeals already disposed of by Commissioner of Income Tax...
![NFAC cannot Adjudicate Appeals already Disposed of by CIT(A): ITAT direct Department to Pay Cost [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/NFAC-bound-NFAC-CBDT-CBDT-Circular-ITAT-Taxscan.jpg "NFAC cannot Adjudicate Appeals already Disposed of by CIT(A): ITAT direct Department to Pay Cost [Read Order]")
Addition on Transfer Pricing of Corporate Guarantee Fee without Proper Verification of Account: ITAT Directs Re-adjudication [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) directed the assessing officer to re-adjudicate the addition made on transfer pricing of corporate guarantee fee without proper...
![Addition on Transfer Pricing of Corporate Guarantee Fee without Proper Verification of Account: ITAT Directs Re-adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Addition-Transfer-Pricing-Corporate-Guarantee-Fee-without-Proper-Verification-Account-ITAT-Directs-Re-adjudication-TAXSCAN.jpg "Addition on Transfer Pricing of Corporate Guarantee Fee without Proper Verification of Account: ITAT Directs Re-adjudication [Read Order]")
Addition made on Unexplained Investment u/s 69 of Income Tax Act without Proper Application of Mind: ITAT Deletes Addition [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT) deleted an addition made by the assessing officer on unexplained investment under section 69 of the Income Tax Act,1961 without the...
![Addition made on Unexplained Investment u/s 69 of Income Tax Act without Proper Application of Mind: ITAT Deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Addition-made-Unexplained-Investment-Income-Tax-Act-Proper-Application-Mind-ITAT-Deletes-Addition-TAXSCAN.jpg "Addition made on Unexplained Investment u/s 69 of Income Tax Act without Proper Application of Mind: ITAT Deletes Addition [Read Order]")
Interest u/s 234C Against EY Global Delivery to be Levied on Returned Income not on Assessed Income: ITAT [Read Order]
The Bangalore Bench of Income Tax Appellate Tribunal (ITAT) has held that the interest charged under Section 234C of the Income Tax Act, 1961 against EY global Delivery Services India should be...
![Interest u/s 234C Against EY Global Delivery to be Levied on Returned Income not on Assessed Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Interest-Against-EY-Global-Delivery-Levied-Returned-Income-Assessed-income-ITAT-TAXSCAN.jpg "Interest u/s 234C Against EY Global Delivery to be Levied on Returned Income not on Assessed Income: ITAT [Read Order]")
Penalty u/s. 271(1)(c) Cannot be Levied Merely because Claim was not Accepted or not Found to be Acceptable: ITAT [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has held that the penalty under Section 271(1)(c) of the Income Tax Act 1961 could not be levied merely because the claim was not accepted or...
![Penalty u/s. 271(1)(c) Cannot be Levied Merely because Claim was not Accepted or not Found to be Acceptable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Penalty-ITAT-taxscan.jpg "Penalty u/s. 271(1)(c) Cannot be Levied Merely because Claim was not Accepted or not Found to be Acceptable: ITAT [Read Order]")
Late Deposition of Employees Contribution to PF/ESI would Trigger Disallowance u/s 36(1)(va) of Income Tax Act : ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) held that the deposition of Employees contribution to Provident fund (PF) or Employee State Insurance (ESI) after the due date would...
![Late Deposition of Employees Contribution to PF/ESI would Trigger Disallowance u/s 36(1)(va) of Income Tax Act : ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Late-Deposition-Employees-Contribution-PF-ESI-Trigger-Disallowance-Income-Tax-Act-ITAT-TAXSCAN.jpg "Late Deposition of Employees Contribution to PF/ESI would Trigger Disallowance u/s 36(1)(va) of Income Tax Act : ITAT [Read Order]")
Assessment Proceedings Completed without Giving Sufficient Opportunity to Assessee: ITAT Directs Re-adjudication [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal ( ITAT) directed the assessing officer to re-adjudicate the assessment order without giving sufficient opportunity to the assessee. ...
![Assessment Proceedings Completed without Giving Sufficient Opportunity to Assessee: ITAT Directs Re-adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Assessment-Proceedings-Assessment-Sufficient-Opportunity-to-Assessee-ITAT-Directs-Re-adjudication-taxscan.jpg "Assessment Proceedings Completed without Giving Sufficient Opportunity to Assessee: ITAT Directs Re-adjudication [Read Order]")