Read all Latest Updates on and about Income

Top

Begin typing your search above and press return to search.

Home
»
Income

ITAT quashes Levy of Penalty u/s 271(1)(c) without mentioning Specific Charge in the Notice issued u/s 274 [Read Order]

Taxscan Team

The Income Tax Appellate Tribunal (ITAT), Delhi bench presided by Mr. Challa Nagendra Prasad, Judicial Member has quashed levy of penalty under...

Disallowance u/s14A not required When Assessee has not earned any Exempt Income: ITAT [Read Order]

Set off of Loss incurred in Share Trading by Directors with the Income of Company not valid: ITAT...

Notice u/s 274 Fails to specify Concealment or Furnishing Inaccurate Particulars of Income: ITAT...

Allegation of Non-Payment of Outstanding Liability before due date of filing Income Tax Returns:...

Income from Portfolio Management Services is assessable under Capital Gains: ITAT [Read Order]

Income from Portfolio Management Services (PMS) is assessable under capital gains, so was held by Income Tax Appellate Tribunal (ITAT), Pune. The assessee, Arihant Patni is an individual deriving...

TDS Credit on Accrued Income is allowable, if it was not claimed in earlier years: ITAT [Read Order]

The Delhi bench Income Tax Appellate Tribunal (ITAT) ruled that TDS credit on accrued income is allowable if it was not claimed in earlier years. The assessee, Ujjwal Singh declared income of...

Income from IT Support Services and Software License not chargeable to Tax: ITAT [Read Order]

The Pune bench Income Tax Appellate Tribunal (ITAT) ruled that the income from IT support services and software licenses are not chargeable to tax. The assessee, BMC Software Asia Pacific Pte...

Permissible Possession given to Developer for Construction does not constitute 'Transfer': ITAT [Read Order]

The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) held that permissible possession given to a developer for construction does not constitute a transfer. The assessee, Pankaj...

Surplus generated from Trust can’t be added to Income of AOP: ITAT [Read Order]

The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that surplus generated from trust can’t be added to the income of assessee Association Of Person (AOP). The Revenue challenges...

Change in Method of Treating Income would lead to Double Taxation if the Sales Consideration amount was Taxed once: ITAT [Read Order]

The Rajkot bench of the Income Tax Appellate Tribunal ( ITAT ) has held that a change in the method of treating income would lead to double taxation if the sales consideration amount was taxed once. ...

Examination of Nature of Work and Income necessary for granting Deduction for Housing projects u/s801B (10): ITAT [Read Order]

Income Tax Appellate Tribunal (ITAT), Pune held that examination of nature of work and income necessary for granting deduction for housing projects u/s801B (10). The assessee, Ravindra Champalal...

Prev Page Next Page