![Bombay High Court Quashes Income Tax Recovery against Directors upon Proving Lack of Control on Financial Affairs of Company [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Bombay-High-Court-Income-Tax-Recovery-Directors-Proving-Lack-of-Control-on-Financial-Affairs-of-Company-TAXSCAN.jpg "Bombay High Court Quashes Income Tax Recovery against Directors upon Proving Lack of Control on Financial Affairs of Company [Read Order]")
Bombay High Court Quashes Income Tax Recovery against Directors upon Proving Lack of Control on Financial Affairs of Company [Read Order]
The Division Bench of Justice K.R.Shriram and Justice M.M.Sathaye of Bombay High court has quashed the income tax recovery against directors upon...
![ITAT Upholds Deletion of Addition made on Account of Unsecured Loan due to Failure to Produce Genuine Documents [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Uphold-Delete-Addition-Assessing-officer-Unsecured-Loan-Non-submission-genuine-Documents-ITAT-income-tax-taxscan.jpg "ITAT Upholds Deletion of Addition made on Account of Unsecured Loan due to Failure to Produce Genuine Documents [Read Order]")
![Receipts from Centralised Service Income by Radisson Hotels International are not Taxable as FTS/FIS under Article 12(4)(a) of India-USA DTAA: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Receipt-Centralised-Service-Income-Radisson-Hotel-International-FTS-FIS-India-USA-DTAA-ITAT-taxscan.jpg "Receipts from Centralised Service Income by Radisson Hotels International are not Taxable as FTS/FIS under Article 12(4)(a) of India-USA DTAA: ITAT [Read Order]")
![Lease Rental Income received from letting out of School Building with Amenities shall be Treated as “Income from House Property”: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Lease-rental-income-letting-out-school-building-amenities-Income-from-House-property-House-property-ITAT-income-tax-taxscan.jpg "Lease Rental Income received from letting out of School Building with Amenities shall be Treated as “Income from House Property”: ITAT [Read Order]")
ITAT quashes Assessment Framed in name of Artificial Juridical Person Instead of Local Authority [Read Order]
The Delhi bench of Income Tax Appellate Tribunal (ITAT) has recently quashed assessment framed in the name of an artificial juridical person instead of local authority. The assessee, Ganna Vikas...
![ITAT quashes Assessment Framed in name of Artificial Juridical Person Instead of Local Authority [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/ITAT-quash-Assessment-Artificial-Juridical-Person-Local-Authority-itat-quashes-assesment-incpme-tax-income-tax-taxscan.jpg "ITAT quashes Assessment Framed in name of Artificial Juridical Person Instead of Local Authority [Read Order]")
Revised Return filed within Time Limit u/s 139(5) of Income Tax Act is Valid Return: ITAT Deletes Disallowance of Unamortized Brokerage Expense [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has deleted the disallowance of unamortized brokerage expense as the revised return filed within the time limit prescribed under Section...
![Revised Return filed within Time Limit u/s 139(5) of Income Tax Act is Valid Return: ITAT Deletes Disallowance of Unamortized Brokerage Expense [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Revised-return-time-limit-valid-return-ITAT-disallowance-unamortized-brokerage-expense-income-tax-act-income-income-tax-tax-taxscan.jpg "Revised Return filed within Time Limit u/s 139(5) of Income Tax Act is Valid Return: ITAT Deletes Disallowance of Unamortized Brokerage Expense [Read Order]")
Delay in Filing Return of Income and Form 10B due to outbreak of Pandemic of Covid-19:ITAT allows Exemption u/s 11 of Income Tax Act [Read Order]
The Kolkata bench of Income Tax Appellate Tribunal (ITAT) allowed exemption under section 11 of Income Tax Act 1961 on delayed filing of return of income and Form 10B due to the outbreak of Pandemic...
![Delay in Filing Return of Income and Form 10B due to outbreak of Pandemic of Covid-19:ITAT allows Exemption u/s 11 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Filing-Return-of-Income-Return-of-Income-Form-10B-outbreak-of-Pandemic-of-Covid-19-Pandemic-of-Covid-19-Covid-19-ITAT-ITAT-allows-Exemption-Income-Tax-Act-Income-Tax-taxscan.jpg "Delay in Filing Return of Income and Form 10B due to outbreak of Pandemic of Covid-19:ITAT allows Exemption u/s 11 of Income Tax Act [Read Order]")
![Maintenance Income from Building Let out Treats as Business Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Maintenance-Income-from-Building-Let-out-Maintenance-Income-Building-Let-out-Business-Income-ITAT-taxscan.jpg "Maintenance Income from Building Let out Treats as Business Income: ITAT [Read Order]")
No records with Income Tax Dept to show Actual Amount Received from AE for Marketing Service Fee : ITAT Deletes Addition [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal (ITAT) has recently while providing relief to Sabre Travel Network (India) deleted additions made on account of foreign exchange loss incurred...
![No records with Income Tax Dept to show Actual Amount Received from AE for Marketing Service Fee : ITAT Deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/No-records-with-Income-Tax-Dept-to-show-Actual-Amount-Received-Marketing-Service-Fee-ITAT-TAXSCAN.jpg "No records with Income Tax Dept to show Actual Amount Received from AE for Marketing Service Fee : ITAT Deletes Addition [Read Order]")
Demand of Service Tax Based on Audit Report of IOCL and Income Tax Department’s Information from Form 26AS is not Valid: CESTAT [Read Order]
The Kolkata bench of the Customs, Excise and Service Tax Appellate Tribunal( CESTAT) has held that the demand for service tax based on the audit report of Indian Oil Corporation Ltd(IOCL) which is a...
![Demand of Service Tax Based on Audit Report of IOCL and Income Tax Department’s Information from Form 26AS is not Valid: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Demand-Service-Tax-Based-Audit-Report-of-IOCL-Income-Tax-Departments-information-CESTAT-service-tax-audit-report-income-tax-income-tax-department-Form-26AS-is-not-Valid-valid-taxscan.jpg "Demand of Service Tax Based on Audit Report of IOCL and Income Tax Department’s Information from Form 26AS is not Valid: CESTAT [Read Order]")