![Payment made for Acquiring Mining Rights is Capital Expenditure, No Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/01/Capital-Expenditure-Taxscan.jpg "Payment made for Acquiring Mining Rights is Capital Expenditure, No Deduction: ITAT [Read Order]")
Payment made for Acquiring Mining Rights is Capital Expenditure, No Deduction: ITAT [Read Order]
Bengaluru bench of Income Tax Appellate Tribunal (ITAT) in its recently order, proclaimed that the payment made for acquiring mining rights should be...
![ITAT Grants Interim Relief to Google, Asks to Deposit 179 Crores for Stay [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/11/Google-India-Taxscan.jpg "ITAT Grants Interim Relief to Google, Asks to Deposit 179 Crores for Stay [Read Order]")
Provisions of ‘Deemed Dividend’ would attract if Loan / Advance was given for Sale of Property: ITAT Bengaluru [Read Judgment]
The Bengaluru Bench of the Income Tax Appellate Tribunal (ITAT), Bengaluru consisting of George George K and Jason P. Boaz has clarified the actions of the revenue in regarding treating of...
![Provisions of ‘Deemed Dividend’ would attract if Loan / Advance was given for Sale of Property: ITAT Bengaluru [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/08/Deemed-Dividends-Taxscan.jpg "Provisions of ‘Deemed Dividend’ would attract if Loan / Advance was given for Sale of Property: ITAT Bengaluru [Read Judgment]")
Remittance to Google Ireland by Google India for use of its ‘Adwords Programme’ is taxable as Royalty: Google Loses IT Case [Read Order]
A division bench of the Bengaluru ITAT, on Tuesday held that the distribution fee paid by Google India to Google Ireland for use of its ‘Adwords programme’ is taxable in India as ‘royalty’ under the...
![Remittance to Google Ireland by Google India for use of its ‘Adwords Programme’ is taxable as Royalty: Google Loses IT Case [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/10/Google-Adwords.jpg "Remittance to Google Ireland by Google India for use of its ‘Adwords Programme’ is taxable as Royalty: Google Loses IT Case [Read Order]")
Interest Expenses on Advances received under Sub-Lease Agreement is not Allowable when there is Defect in Title: ITAT [Read Order]
The Bengaluru ITAT, on Wednesday, confirmed the disallowance of interest expenses claimed on advances received under sub-Lease agreement since there was a defect in the title of the assessee on the...
![Interest Expenses on Advances received under Sub-Lease Agreement is not Allowable when there is Defect in Title: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/05/Interest-Taxscan.jpg "Interest Expenses on Advances received under Sub-Lease Agreement is not Allowable when there is Defect in Title: ITAT [Read Order]")
Cost incurred on Alteration / Renovation on the purchased unit is Eligible for Capital Gain Exemption u/s 54F: ITAT Bengaluru
In a significant ruling delivered on Friday, a division bench of the ITAT Bengaluru held that the benefit of section 54F of the Income Tax Act, 1961 can be extended to the cost incurred by the...
Non-Submission of Form 15G/15H is Merely a Technical Irregularity: Bank cannot be treated as Assessee-in-Default, says ITAT [Read Order]
A division bench of the Bengaluru ITAT in The Karur Vysya Bank Ltd v. ACIT, held that the assesse-Bank cannot be treated as assesse-in-default for a mere reason that it had not submitted Form 15G/15H...
![Non-Submission of Form 15G/15H is Merely a Technical Irregularity: Bank cannot be treated as Assessee-in-Default, says ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/08/Karur-Vysya-Bank.jpg "Non-Submission of Form 15G/15H is Merely a Technical Irregularity: Bank cannot be treated as Assessee-in-Default, says ITAT [Read Order]")
Wrong Mention of Section would not make Re-Assessment Invalid if Assessee Co-operated with Proceedings: ITAT Bengaluru
In DCIT v. K.M Nagaraj, the ITAT Bengaluru held that quoting of wrong section would not result in invalidating the whole re-assessment proceedings under Income Tax Act if the assessee had co-operated...
Society cannot Claim Exemption in respect of Investment in Fixed Asset using Loan Amount: ITAT Bengaluru [Read Order]
In M/s. Peoples Education Society v. DCIT(E), the ITAT, Bengaluru held that the assessee-society is not entitled to claim the exemption in respect of investment in fixed assets using loan amount under...