![No Exempt Income Received or Receivable, No Disallowance under Section 14A: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/11/Income-Tax-Taxscan.jpg "No Exempt Income Received or Receivable, No Disallowance under Section 14A: ITAT [Read Order]")
No Exempt Income Received or Receivable, No Disallowance under Section 14A: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai held that Section 14A of the Income Tax Act, 1961 will not apply if no exempt income is received or...
![Expenses on Account of Interest Payment on Loans could not be added while Computing Book Profit: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/02/Interest-Payment-Loans-Account-Expenses-ITAT-Taxscan.jpg "Expenses on Account of Interest Payment on Loans could not be added while Computing Book Profit: ITAT [Read Order]")
![Income From Cloud Hosting Services not Taxable under the head ‘Royalty, rules ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/02/Cloud-Hosting-Services-Income-Not-Taxable-Royalty-Taxscan.jpg "Income From Cloud Hosting Services not Taxable under the head ‘Royalty, rules ITAT [Read Order]")
Mere Statements can’t be considered as Incriminating Material or Documentary Evidence: Madhya Pradesh HC
The Madhya Pradesh High Court has held that the unexplained investments were made by the Assessing Officer merely on the basis of the statements given during the course of the survey and that there is...
A Decision on a Debatable issue is not ‘Mistake Apparent from Record’ for the Purpose of Rectification: ITAT [Read Order]
While elaborating the Income Tax Appellate Tribunal’s (ITAT) powers under section 254(2) of the Income Tax Act, 1961, the Mumbai bench of the Tribunal has held that such powers cannot be invoked in...
![A Decision on a Debatable issue is not ‘Mistake Apparent from Record’ for the Purpose of Rectification: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/02/Debatable-issue-Apparent-Mistake-ITAT-ITAT.jpg "A Decision on a Debatable issue is not ‘Mistake Apparent from Record’ for the Purpose of Rectification: ITAT [Read Order]")
Belated payment of Service Tax collected can be allowed on Actual Payment in AY in which it was Actually Paid: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore held that belated paid service tax collected to Government exchequer can be allowed on actual payment in the assessment year in which it was...
![Belated payment of Service Tax collected can be allowed on Actual Payment in AY in which it was Actually Paid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/02/House-Purchased-ITAT-Tax-Scan.jpg "Belated payment of Service Tax collected can be allowed on Actual Payment in AY in which it was Actually Paid: ITAT [Read Order]")
Third Party Agency is liable to pay Service Tax on Collection of Parking Fees in Malls: CESTAT [Read Order]
The Customs Excise and Service Tax Appellate Tribunal (CESTAT) held that the right to collect parking fees given by the mall owners is nothing but a consideration provided to the appellant by the mall...
![Third Party Agency is liable to pay Service Tax on Collection of Parking Fees in Malls: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/02/Parking-Fees-Third-Party-Collect-CESTAT-Taxscan.jpg "Third Party Agency is liable to pay Service Tax on Collection of Parking Fees in Malls: CESTAT [Read Order]")
![No disallowance of Interest Expenses on Account of Non-Deduction of TDS: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/02/Interest-Expenses-TDS-ITAT-Assessee-Taxscan.jpg "No disallowance of Interest Expenses on Account of Non-Deduction of TDS: ITAT [Read Order]")