Case Digest: TDS on Commission and Brokerage under Section 194H of the Income Tax Act
TDS has considered as deduction made by any person while making payment or crediting the account of another person. The object of TDS was to tax...
![Waiver of Loan is Not Business Income, Not Taxable u/s 28(i) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Waiver-Loan-Business-Income-Taxable-Income-Tax-Act-ITAT-TAXSCAN.jpg "Waiver of Loan is Not Business Income, Not Taxable u/s 28(i) of Income Tax Act: ITAT [Read Order]")
![No adverse Inference Drawn against Assessee: Calcutta HC notes that PCIT could not have Ignored Order u/s 153A as Immaterial and Irrelevant [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Calcutta-High-Court-PCIT-immaterial-Irrelevant-Taxscan.jpg "No adverse Inference Drawn against Assessee: Calcutta HC notes that PCIT could not have Ignored Order u/s 153A as Immaterial and Irrelevant [Read Order]")
![Reopening of Income Tax Assessment and Recalculation of Capital Gains without fresh Notice u/s 148 Invalid: ITAT quashes Proceedings [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Income-Tax-Assessment-Recalculation-of-Capital-Gains-Notice-ITAT-TAXSCAN.jpg "Reopening of Income Tax Assessment and Recalculation of Capital Gains without fresh Notice u/s 148 Invalid: ITAT quashes Proceedings [Read Order]")
Security Deposit for Freezer Taxable only on the year of Termination of Distributor Agreement: ITAT [Read Order]
The Cochin Income Tax Appellate Tribunal (ITAT) has recently held that the security deposit for the freezer was taxable only on the year of termination of distributor agreement. The assessee...
![Security Deposit for Freezer Taxable only on the year of Termination of Distributor Agreement: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Security-Deposit-Freezer-Taxable-Termination-Distributor-Agreement-ITAT-TAXSCAN.jpg "Security Deposit for Freezer Taxable only on the year of Termination of Distributor Agreement: ITAT [Read Order]")
Rectification Application cannot be Rejected in case of Apparent and Obvious Mistakes in ITR: ITAT relies on CBDT Circular [Read Order]
The Income Tax Appellate Tribunal (ITAT) Rajkot Bench, has recently, in an appeal filed before it, by relying on the CBDT circular, held that rectification application cannot be rejected in case of...
![Rectification Application cannot be Rejected in case of Apparent and Obvious Mistakes in ITR: ITAT relies on CBDT Circular [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Application-Rejected-Apparent-Obvious-Mistakes-ITR-ITAT-CBDT-Circular-TAXSCAN.jpg "Rectification Application cannot be Rejected in case of Apparent and Obvious Mistakes in ITR: ITAT relies on CBDT Circular [Read Order]")
No Addition can be made on account of Amount against Bearer Cheque having forged Signatures of Assessee: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Amritsar Bench, has recently, in two appeals filed before it by the assessee, held that no addition can be made on account of the amount against bearer...
![No Addition can be made on account of Amount against Bearer Cheque having forged Signatures of Assessee: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Bearer-Cheque-forged-Signatures-of-Assessee-forged-Signatures-ITAT-taxscan.jpg "No Addition can be made on account of Amount against Bearer Cheque having forged Signatures of Assessee: ITAT [Read Order]")
Capital Gain Exemption u/s 54 cannot be Denied on Acquiring New House Property in the Name of Wife: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chennai Bench, has recently, in an appeal filed before it, held that capital gain exemption u/s 54 cannot be denied on acquiring new house property in the...
![Capital Gain Exemption u/s 54 cannot be Denied on Acquiring New House Property in the Name of Wife: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Capital-Gain-Exemption-House-Property-Wife-ITAT-TAXSCAN.jpg "Capital Gain Exemption u/s 54 cannot be Denied on Acquiring New House Property in the Name of Wife: ITAT [Read Order]")
Agriculturalist Need Not Maintain Books of Accounts: ITAT deletes Addition u/s 68 of Income Tax Act [Read Order]
The Income Tax Appellate Tribunal (ITAT) Amritsar Bench, has recently, in an appeal filed before it, while deleting the addition u/s 68 of the income tax act, held that agriculturalist need not...
![Agriculturalist Need Not Maintain Books of Accounts: ITAT deletes Addition u/s 68 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Agriculturalist-Books-of-Accounts-ITAT-Income-Tax-Act-Income-tax-taxscan.jpg "Agriculturalist Need Not Maintain Books of Accounts: ITAT deletes Addition u/s 68 of Income Tax Act [Read Order]")
Tax Residency in UAE Eligible for Benefit of Indo-UAE Treaty: Exemption cannot be Denied Merely because Directors Are of Different Nationality: ITAT
The Income Tax Appellate Tribunal (ITAT), Rajkot bench has held that the benefit of the Double Tax Avoidance Agreement (DTAA) between India and UAE cannot be denied to a Company registered in the UAE...
FTC cannot be Denied If Requirements of Rule 128(9) of the Income Tax Rules Are Not Violated: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Hyderabad Bench, has recently, in an appeal filed before it, held that FTC cannot be denied, if requirements of rule 128(9) of the income tax rules are not...
![FTC cannot be Denied If Requirements of Rule 128(9) of the Income Tax Rules Are Not Violated: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/FTC-Income-Tax-Rules-ITAT-taxscan.jpg "FTC cannot be Denied If Requirements of Rule 128(9) of the Income Tax Rules Are Not Violated: ITAT [Read Order]")