![ITAT Members Appointment cant be delayed on non-filing of Income Tax Return: SC [Read Judgement]](https://www.taxscan.in/wp-content/uploads/2023/03/ITAT-Members-Appointment-Income-Tax-Return-SC-TAXSCAN.jpg "ITAT Members Appointment cant be delayed on non-filing of Income Tax Return: SC [Read Judgement]")
ITAT Member's Appointment can't be delayed on non-filing of Income Tax Return: SC [Read Judgement]
The Supreme Court recently held that the appointment member of the Income Tax Appellate Tribunal (ITAT) cannot be delayed on non-filing of Income Tax...
![No lack of investigation by AO: ITAT quashes Revision Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/investigation-by-AO-ITAT-Revision-Order-Income-Tax-taxscan.jpg "No lack of investigation by AO: ITAT quashes Revision Order [Read Order]")
![Advance Tax Not Payable If Assessee is Above Age of 60 Years having No Business Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Advance-Tax-Tax-Income-Tax-Business-Income-ITAT-taxscan.jpg "Advance Tax Not Payable If Assessee is Above Age of 60 Years having No Business Income: ITAT [Read Order]")
![No Addition for Deposits in NRE Account when Assessee has No Source of Income in India: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Addition-for-Deposits-in-NRE-Account-Source-of-Income-in-India-ITAT-TAXSCAN.jpg "No Addition for Deposits in NRE Account when Assessee has No Source of Income in India: ITAT [Read Order]")
![Unabsorbed Depreciation only taken to make adjustment u/s 115JB be Set off Against Current Year Book Profit: ITAT grants relief to PVR Pictures[ Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/adjustment-us-115JB-Book-Profit-ITAT-PVR-Pictures-TAXSCAN.jpg "Unabsorbed Depreciation only taken to make adjustment u/s 115JB be Set off Against Current Year Book Profit: ITAT grants relief to PVR Pictures[ Read Order]")
Business Profits of Current Year accrue only at the Year End: ITAT deletes Addition u/s 2(22)(e) [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has recently held that the business profits of a financial year gets accrued only at the end of the year, deleting the addition under...
![Business Profits of Current Year accrue only at the Year End: ITAT deletes Addition u/s 2(22)(e) [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Business-Profits-ITAT-Addition-TAXSCAN.jpg "Business Profits of Current Year accrue only at the Year End: ITAT deletes Addition u/s 2(22)(e) [Read Order]")
![CAM Charges subject to TDS u/s 194C of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/CAM-TDS-Income-Tax-Act-ITAT-TAXSCAN.jpg "CAM Charges subject to TDS u/s 194C of Income Tax Act: ITAT [Read Order]")
Revisional Jurisdiction cannot be Invoked on ground of Uncertain Issue of Entitlement of Treaty Benefit: ITAT [Read Order]
The Delhi bench of Income Tax Appellate Tribunal (ITAT) has recently held that revisional jurisdiction could not be invoked on the ground of uncertain issue of entitlement of treaty benefit. ...
![Revisional Jurisdiction cannot be Invoked on ground of Uncertain Issue of Entitlement of Treaty Benefit: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Revisional-Jurisdiction-Issue-Entitlement-Treaty-Benefit-ITAT-TAXSCAN.jpg "Revisional Jurisdiction cannot be Invoked on ground of Uncertain Issue of Entitlement of Treaty Benefit: ITAT [Read Order]")
Income from SAP and IT Support Services are not FTS as per Treaties: ITAT grants Relief to Netafim [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has granted relief to Netafim holding that the income from Systems Applications and Products in Data Processing(SAP) and Information Technology...
![Income from SAP and IT Support Services are not FTS as per Treaties: ITAT grants Relief to Netafim [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/ITAT-PE-DTAA-FTS-SAP-Taxscan.jpg "Income from SAP and IT Support Services are not FTS as per Treaties: ITAT grants Relief to Netafim [Read Order]")
![Sale of Software is not “Royalty” under Article 12(3) of Indo-US Treaty: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Sale-of-Software-Royalty-Indo-US-Treaty-ITAT-TAXSCAN.jpg "Sale of Software is not “Royalty” under Article 12(3) of Indo-US Treaty: ITAT [Read Order]")
![Assessment Order Not Complying with Procedure u/s 144B is Invalid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Assessment-Order-Invalid-ITAT-TAXSCAN.jpg "Assessment Order Not Complying with Procedure u/s 144B is Invalid: ITAT [Read Order]")
‘Market to Market Loss’ in Forex Business is Not Notional Loss, Allowable as Expenditure: ITAT [Read Order]
The Mumbai Income Tax Appellate Tribunal (ITAT) recently held that market to market loss in forex business has no notional loss which was allowable as expenditure. Assesse JBF Industries Ltd...
![‘Market to Market Loss’ in Forex Business is Not Notional Loss, Allowable as Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Market-to-Market-Loss-Forex-Business-Notional-Loss-Expenditure-ITAT-TAXSCAN.jpg "‘Market to Market Loss’ in Forex Business is Not Notional Loss, Allowable as Expenditure: ITAT [Read Order]")