![ITAT rescues NRI holding $3 Million in his Swiss Account [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/09/HSBC-Swiss-Account-NRI-ITAT-Taxscan.jpg "ITAT rescues NRI holding $3 Million in his Swiss Account [Read Order]")
ITAT rescues NRI holding $3 Million in his Swiss Account [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench while rescuing the NRI, Kamal Galani who is a holder of USD 3 Million in his swiss account...
![Bangalore Sessions Court convicts a Company MD for TDS Default [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/07/Sessions-TDS-default-Sessions-court-Taxscan.jpeg "Bangalore Sessions Court convicts a Company MD for TDS Default [Read Order]")
![Non-Compete Fees paid to Employees not Taxable as per Indo-USA Tax Treaty: Karnataka HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/07/Non-Competent-Fee-Karnataka-High-Court-Taxscan.jpeg "Non-Compete Fees paid to Employees not Taxable as per Indo-USA Tax Treaty: Karnataka HC [Read Judgment]")
PILCOM liable to pay TDS on Payments made to Foreign Sports Associations during ICC World Cup: SC [Read Judgment]
The Supreme Court has held that the payment made to the Non-Resident Sports Association is deemed to accrued or arisen in India so was liable to deduct Tax at Source in terms of Section 194E of the...
![PILCOM liable to pay TDS on Payments made to Foreign Sports Associations during ICC World Cup: SC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/09/PILCOM-1996-World-Cup-Taxscan.jpg "PILCOM liable to pay TDS on Payments made to Foreign Sports Associations during ICC World Cup: SC [Read Judgment]")
Wrong Assumption of Facts or Incorrect Application of Law would make the order liable for Revision: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) held that the wrong assumption of facts or incorrect application of the law would make the order liable for revision under section 263 of Income Tax Act, 1961....
![Wrong Assumption of Facts or Incorrect Application of Law would make the order liable for Revision: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/03/site-image3-3-4.jpg "Wrong Assumption of Facts or Incorrect Application of Law would make the order liable for Revision: ITAT [Read Order]")
![CBDT to Felicitate Outstanding Work of Income Tax Officers in E-Assessment [Read Circular]](https://www.taxscan.in/wp-content/uploads/2020/02/CBDT-E-Assessment-Filing-Taxscan.jpg "CBDT to Felicitate Outstanding Work of Income Tax Officers in E-Assessment [Read Circular]")
ITAT imposes Penalty of Rs. 5,000 on Assessee for Delay in filing Appeal and Non-Appearance before Tax Authorities [Read Order]
In a significant ruling, the Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) has imposed a penalty of Rs. 5000 on an assessee on the grounds of a delay of 358 days in filing appeal and...
![ITAT imposes Penalty of Rs. 5,000 on Assessee for Delay in filing Appeal and Non-Appearance before Tax Authorities [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/02/Assessee-Penalty-Appeal-Income-Tax-Income-Tax-Officer-Taxscan.jpg "ITAT imposes Penalty of Rs. 5,000 on Assessee for Delay in filing Appeal and Non-Appearance before Tax Authorities [Read Order]")
Securities Exchange is entitled to exercise its Right of Lien on Security Deposits, reiterates Bombay HC [Read Judgment]
The Bombay High Court has reiterated that the security exchange is entitled to exercise its right of lien on security deposits. The Writ Petition was filed by the Stock Exchange Bombay, now called as...
![Securities Exchange is entitled to exercise its Right of Lien on Security Deposits, reiterates Bombay HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/02/Security-Deposits-Bombay-High-Court-Taxscan-1.jpg "Securities Exchange is entitled to exercise its Right of Lien on Security Deposits, reiterates Bombay HC [Read Judgment]")
![Penalty cant be levied on Erroneously Seized Amount: Supreme Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/04/Cash-Seized.jpg "Penalty cant be levied on Erroneously Seized Amount: Supreme Court [Read Judgment]")