![Cost of New Property has to be Assessed as per Collaboration Agreement for Exemption u/s 54: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Cost-of-New-Property-has-to-be-Assessed-Collaboration-Agreement-for-Exemption-Agreement-for-Exemption-New-Property-has-to-be-Assessed-New-Property-Agreement-Collaboration-itat-taxscan.jpg "Cost of New Property has to be Assessed as per Collaboration Agreement for Exemption u/s 54: ITAT [Read Order]")
Cost of New Property has to be Assessed as per Collaboration Agreement for Exemption u/s 54: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) of Delhi bench has held that the cost of new property has to be assessed as per collaboration agreement for...
![ITAT quashes Assessment Order framed u/s 143(3) of Income Tax Act in Name of Non-Existent Entity [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/ITAT-Assessment-Order-Income-Tax-Act-Name-of-Non-Existent-Entity-taxscan.jpg "ITAT quashes Assessment Order framed u/s 143(3) of Income Tax Act in Name of Non-Existent Entity [Read Order]")
![No Addition during Reassessment once Genuineness of Transaction is Proven: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Addition-during-Reassessment-once-Genuineness-of-Transaction-is-Proven-ITAT-TAXSCAN.jpg "No Addition during Reassessment once Genuineness of Transaction is Proven: ITAT [Read Order]")
![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]")
![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]
The Bangalore Bench of Income Tax Appellate Tribunal (ITAT) has held that salary reimbursement for seconded employees would not be taxable as Fees for Technical Service (FTS) under the India-US tax...
![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]
The Income Tax Appellate Tribunal (ITAT), Pune Bench, has recently, in an appeal filed before it, on failure of the assessee to substantiate the source and manner of undisclosed income, upheld the...
![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]")
Determination of Fair Market Value of Unquoted Shares does not Prohibit Inclusion of Share Premium as part of Reserves and Surplus: ITAT deletes Addition
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has deleted the addition holding that the determination of fair market value of unquoted shares would not prohibit inclusion of share premium...
![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....
