Presumptive Taxation under Income Tax (Section 44AD, 44ADA and 44AE)
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![Denial of Registration u/s 12AA of Income Tax Act on ground of Non Falling of Trust within Ambit of ‘ Charitable Purpose ‘ : ITAT Directs Re-adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Denial-of-Registration-Income-Tax-Act-on-ground-of-Non-Falling-of-Trust-within-Ambit-of-Charitable-Purpose-ITAT-Directs-Re-adjudication-TAXSCAN.jpg "Denial of Registration u/s 12AA of Income Tax Act on ground of Non Falling of Trust within Ambit of ‘ Charitable Purpose ‘ : ITAT Directs Re-adjudication [Read Order]")
![Fee Paid for Late Filing of Professional Tax Return is Penal in Nature: ITAT Upholds Disallowance [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Fee-Paid-for-Late-Filing-of-Professional-Tax-Return-is-Penal-in-Nature-ITAT-Upholds-Disallowance-TAXSCAN.jpg "Fee Paid for Late Filing of Professional Tax Return is Penal in Nature: ITAT Upholds Disallowance [Read Order]")
![Additional Income Tax on Dividend paid by Domestic Company to Non-Resident Shareholders shall be at Rate Prescribed u/s115-O not DTAA: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Additional-Income-Tax-on-Dividend-paid-by-Domestic-Company-to-Shareholders-shall-be-at-Rate-Prescribed-DTAA-ITAT-TAXSCAN.jpg "Additional Income Tax on Dividend paid by Domestic Company to Non-Resident Shareholders shall be at Rate Prescribed u/s115-O not DTAA: ITAT [Read Order]")
Non-Mentioning of Business Income in Books of Account cannot be Sole Reason to Invoke S. 115BBE of the Income Tax Act: ITAT [Read Order]
The Chandigarh bench of the Income Tax Appellate Tribunal (ITAT) held that Non-mentioning of the business income in the books of account cannot be the sole reason to invoke the provisions of Section...
![Non-Mentioning of Business Income in Books of Account cannot be Sole Reason to Invoke S. 115BBE of the Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/ITAT-Business-income-Non-Mentioning-of-Business-Income-Books-of-Account-Business-Income-in-Books-of-Account-Invoke-taxscan.jpg "Non-Mentioning of Business Income in Books of Account cannot be Sole Reason to Invoke S. 115BBE of the Income Tax Act: ITAT [Read Order]")
Additional Income Tax on Dividend paid by Domestic Company to Non-Resident Shareholders shall be at Rate Prescribed u/s115-O not DTAA: ITAT [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has held that the additional income tax on dividends paid by domestic companies to non-resident shareholders should be at rate prescribed...
![Additional Income Tax on Dividend paid by Domestic Company to Non-Resident Shareholders shall be at Rate Prescribed u/s115-O not DTAA: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/additional-income-tax-Dividend-domestic-company-non-resident-shareholders-income-tax-income-tax-taxscan.jpg "Additional Income Tax on Dividend paid by Domestic Company to Non-Resident Shareholders shall be at Rate Prescribed u/s115-O not DTAA: ITAT [Read Order]")
No Income Tax on Amount Received Under IT & SAP Software Services under Fees for Technical Services: ITAT [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) held that the services rendered under IT & SAP service agreement are different from technical collaboration agreement. Thus the receipt of...
![No Income Tax on Amount Received Under IT & SAP Software Services under Fees for Technical Services: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/No-Income-Tax-on-Amount-Received-Under-IT-SAP-Software-Services-under-Fees-for-Technical-Services-ITAT-TAXSCAN.jpg "No Income Tax on Amount Received Under IT & SAP Software Services under Fees for Technical Services: ITAT [Read Order]")
Telecommunication Charges incurred for delivery of Computer Software Outside India shall be excluded from Export Turnover for Computing Deduction u/s 10A of Income Tax Act: ITAT remand issue to the file of Assessing Officer
The Mumbai bench of Income Tax Appellate Tribunal (ITAT) has recently held that telecommunication charges incurred for delivery of computer software outside India should be excluded from...
![Deemed Income u/s 11(3) cant be a Claim of Exemption: ITAT Dismisses Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Deemed-income-Trust-Trustee-ITAT-Income-Tax-Charitable-Trust-Exemptions-income-tax-taxscan.jpg "Deemed Income u/s 11(3) cant be a Claim of Exemption: ITAT Dismisses Appeal [Read Order]")
Deduction for Revenue from Onsite Services cannot be denied on ground of not connected to Eligible Units located in India:ITAT [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal (ITAT) has recently held that deduction for revenue from onsite services could not be denied on the ground of not connected to eligible units...
![Deduction for Revenue from Onsite Services cannot be denied on ground of not connected to Eligible Units located in India:ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Deduction-Revenue-Onsite-Services-Eligible-Units-India-ITAT-Deduction-for-Revenue-denied-income-tax-taxscan.jpg "Deduction for Revenue from Onsite Services cannot be denied on ground of not connected to Eligible Units located in India:ITAT [Read Order]")
Credits to Capital Account shown as Gift from assessee's Aunt are not Unexplained Credits :ITAT deletes Addition [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) has held that the credits to capital account shown as gift from assessee's aunt are not unexplained credits. Therefore,...
![Credits to Capital Account shown as Gift from assessees Aunt are not Unexplained Credits :ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Credits-Capital-Account-Gift-Aunt-Unexplained-Credits-ITAT-deletes-Addition-income-tax-income-tax-taxscan.jpg "Credits to Capital Account shown as Gift from assessees Aunt are not Unexplained Credits :ITAT deletes Addition [Read Order]")