![ITAT deletes Addition u/s 37(1) of written off Amount Treated as Business Expenditure [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/ITAT-Business-Expenditure-Income-Tax-taxscan.jpg "ITAT deletes Addition u/s 37(1) of written off Amount Treated as Business Expenditure [Read Order]")
ITAT deletes Addition u/s 37(1) of written off Amount Treated as Business Expenditure [Read Order]
The New Delhi bench of the Income Tax Appellate Tribunal (ITAT) recently deleted the addition under Section 37(1) of Income Tax Act 1961 on account...
![Legal Illiteracy of Common Man not an Excuse: ITAT refuses to Condone Delay in Filing Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Legal-Illiteracy-of-Common-Man-ITAT-condone-delay-filing-appeal-appeal-taxscan.jpg "Legal Illiteracy of Common Man not an Excuse: ITAT refuses to Condone Delay in Filing Appeal [Read Order]")
![Salary Reimbursement for Seconded Employee Not Taxable as FTS under India-US DTAA: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Salary-Reimbursement-for-Seconded-Employee-Taxable-FTS-under-India-US-DTAA-ITAT-TAXSCAN.jpg "Salary Reimbursement for Seconded Employee Not Taxable as FTS under India-US DTAA: ITAT [Read Order]")
![ITAT upholds Penalty under Section 271AAA on Failure of Assessee to Substantiate Source and Manner of Undisclosed Income [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/ITAT-upholds-Penalty-under-Section-271AAA-Substantiate-Source-and-Manner-of-Undisclosed-Income-TAXSCAN.jpg "ITAT upholds Penalty under Section 271AAA on Failure of Assessee to Substantiate Source and Manner of Undisclosed Income [Read Order]")
![ESOP Expenditure is Revenue in Nature: ITAT Allows Deduction [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/ESOP-Expenditure-ESOP-Expenditure-ITAT-Deduction-taxscan.jpg "ESOP Expenditure is Revenue in Nature: ITAT Allows Deduction [Read Order]")
Failure of Assessee to Comply with Provisions of Section 269T: ITAT upholds Penalty u/s 271E [Read Order]
The Income Tax Appellate Tribunal (ITAT), Raipur Bench, has recently, in an appeal filed before it, on finding about the failure of the assessee to comply with the provisions of section 269T, upheld...
![Failure of Assessee to Comply with Provisions of Section 269T: ITAT upholds Penalty u/s 271E [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Failure-of-Assessee-to-Comply-with-Provisions-of-Section-269T-ITAT-upholds-Penalty-us-271E-TAXSCAN.jpg "Failure of Assessee to Comply with Provisions of Section 269T: ITAT upholds Penalty u/s 271E [Read Order]")
Toyota Gets Partial Relief as ITAT Orders Investigation into Capitalized Expenses for Transfer Pricing Adjustment Computation [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) recently ordered an investigation into capitalized expenses for transfer pricing adjustment computation. The assessee Toyota...
![Toyota Gets Partial Relief as ITAT Orders Investigation into Capitalized Expenses for Transfer Pricing Adjustment Computation [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Toyota-Gets-Partial-ITAT-Orders-Investigation-into-Capitalized-Expenses-for-Transfer-Pricing-Adjustment-Computation-TAXSCAN.jpg "Toyota Gets Partial Relief as ITAT Orders Investigation into Capitalized Expenses for Transfer Pricing Adjustment Computation [Read Order]")
ITAT allows Deduction in Respect of written off Irrevocable Advances on Inextricable Link between Advances to Business and Company
The Chennai Bench of Income Tax Appellate Tribunal (ITAT) has allowed deduction in respect of written off irrevocable advances based on the inextricable link between advances to business and company....
Default in Furnishing TDS Statement, Section 200A only applicable after 1st June 2015: ITAT [Read Order]
The Pune bench of the Income Tax Appellate Tribunal (ITAT) recently held that the levy of a fee under Section 234E of the Income Tax Act for default in TDS statements was applicable since 1st June...
![Default in Furnishing TDS Statement, Section 200A only applicable after 1st June 2015: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Default-in-furnishing-TDS-statement-furnishing-TDS-statement-TDS-TDS-statement-ITAT-Income-Tax-taxscan.jpg "Default in Furnishing TDS Statement, Section 200A only applicable after 1st June 2015: ITAT [Read Order]")
No Addition on Regular items which were Disclosed by Assessee in Regular Books of Account: ITATÂ [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) has held that there cannot be any addition of the regular items which were disclosed by the assessee in regular books of account. ...
![No Addition on Regular items which were Disclosed by Assessee in Regular Books of Account: ITATÂ [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Regular-items-Books-of-account-ITAT-taxscan.jpg "No Addition on Regular items which were Disclosed by Assessee in Regular Books of Account: ITATÂ [Read Order]")
ITAT Orders full TDS Credit after AO withdraws TDS Benefit on Advance Rent and Fails to carry forward for 20 years [Read Order]
In a significant case the Delhi bench of Income Tax Appellate Tribunal (ITAT) has recently ordered full Tax Deduction at Source (TDS) credit after the assessing office withdrew TDS...
![ITAT Orders full TDS Credit after AO withdraws TDS Benefit on Advance Rent and Fails to carry forward for 20 years [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/ITAT-TDS-credit-AO-withdraws-TDS-on-advance-rent-TAXSCAN.jpg "ITAT Orders full TDS Credit after AO withdraws TDS Benefit on Advance Rent and Fails to carry forward for 20 years [Read Order]")