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Disallowance u/s 14A cannot be more than Exempt Income: ITAT [Read Order]

Taxscan Team

The Income Tax Appellate Tribunal (ITAT), Mumbai Bench, has recently, in an appeal filed before it, held that disallowance under section 14 A...

No proof that Assessee has not earned any Exempt Income for relevant Assessment Year: ITAT restores...

Maintenance Charges derived from Letting out Services taxable under the head ‘Income from Other...

Split up of TDS Rule 37BA(3)(ii) allowable when Corresponding Income is Assessable to Tax: ITAT...

Consideration received not Income deemed to accrue in India: ITAT holds Assessee not eligible for...

Service Charges accrued but not received cannot be Treated as Assessee's Income: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT)“B” Bench, Mumbai, has, recently, in an appeal filed before it by the assessee, held that service charges accrued but not received, cannot be treated as the...

Penalty u/s 271(1)(c) not sustainable in the absence of Concealment or Furnishing of inaccurate particulars of Income: ITAT [Read Order]

Penalty u/s 271(1)(c) of the Income Tax Act,1961 is not sustainable in the absence of concealment or furnishing of inaccurate particulars of income, the Chennai bench of the Income Tax...

ITAT upholds Disallowance of Bogus Purchase which has No Implication in Income Accounted for Work in Progress [Read Order]

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) upheld the disallowance of bogus purchases which have no implication in income accounted for work in progress. The appeal and the Cross...

Income from Business Profit not Taxable in India in the absence of PE: ITAT rules in favour of IQOR [Read Order]

Ruling in favour of IQOR India Services Pvt. Ltd., the Delhi Bench of the Income Tax Appellate Tribunal (ITAT), held that, the income classified as business profits or Fees for Technical Services...

Rental Income from IT Park is Income from Business: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT) Mumbai Bench, ruled that Rental income from Information Technology Park is Income from Business. The assessee, M/s. N. V. Developers Pvt Ltd is engaged in...

Income from Supply of CAS and Middleware Products to Indian Customers not 'Royalty' as India-Swiss DTAA: Delhi HC [Read Order]

A division bench of the Delhi High Court has upheld the order of the Delhi bench of the Income Tax Appellate Tribunal (ITAT) that the income from the supply of CAS and middleware products to Indian...

Amount Spent outside India on account of Boarding and Lodging local transport is not application Income u/s 11(1)(a): ITAT [Read Order]

Amount spent outside India on account of boarding and lodging local transport is not application income u/s 11(1)(a), so was held by Income Tax Appellate Tribunal (ITAT), New Delhi. The assessee,...

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