![Period Prescribed u/s 153(3) of Income Tax Act be Computed from Date of Receipt of ITAT Order: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/Delhi-High-Court-ITAT-Income-tax-Income-tax-news-Receipt-taxscan.jpg "Period Prescribed u/s 153(3) of Income Tax Act be Computed from Date of Receipt of ITAT Order: Delhi HC [Read Order]")
Period Prescribed u/s 153(3) of Income Tax Act be Computed from Date of Receipt of ITAT Order: Delhi HC [Read Order]
A Division Bench of the Delhi High Court ruled that the period prescribed under Section 153(3) of the Income Tax Act, 1961 is to be computed from the...
![Discount on ESOP Expenses rightly Debited as Expenditure in Books of Account : ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-Bangalore-ITAT-Income-Tax-Employee-Stock-Ownership-Plan-Books-of-Account-ESOP-Expenses-Taxscan.jpg "Discount on ESOP Expenses rightly Debited as Expenditure in Books of Account : ITAT deletes Addition [Read Order]")
![Inadequate Enquiry by AO not grounds for Invoking Revisionary Powers u/s 263 of Income Tax Act: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Delhi-High-Court-Income-Tax-Inadequate-Enquiry-Assessing-Officer-TAXSCAN.jpg "Inadequate Enquiry by AO not grounds for Invoking Revisionary Powers u/s 263 of Income Tax Act: Delhi HC [Read Order]")
Share Premium as Capital Account Transactions for Issuance of Shares not Taxable Income: Bombay HC [Read Order]
In a recent ruling, the Bombay High Court has clarified that the share premium received through the issuance of shares is categorized as a capital account transaction and does not attract taxation as...
![Share Premium as Capital Account Transactions for Issuance of Shares not Taxable Income: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/Bombay-High-Court-Share-premium-taxation-Capital-account-transactions-Issuance-of-shares-capital-receipts-taxscan.jpg "Share Premium as Capital Account Transactions for Issuance of Shares not Taxable Income: Bombay HC [Read Order]")
Permitting right to use Brand name/ Trade name under Trademark License Agreement is in nature of Royalty u/s 9(1)(vi) of India Turkey Tax Treaty: ITAT [Read Order]
In a recent decision, the Income Tax Appellate Tribunal ( ITAT ) in Mumbai shed light on the nature of royalty payments concerning the usage of brand names or trade names under a trademark license...
![Permitting right to use Brand name/ Trade name under Trademark License Agreement is in nature of Royalty u/s 9(1)(vi) of India Turkey Tax Treaty: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/ITAT-ITAT-Mumbai-India-Turkey-Tax-Treaty-Income-Tax-TAXSCAN.jpg "Permitting right to use Brand name/ Trade name under Trademark License Agreement is in nature of Royalty u/s 9(1)(vi) of India Turkey Tax Treaty: ITAT [Read Order]")
Full Value of Consideration or Cost of Investment cannot be Substituted by Fair Market Value Except within Purview of Section 50 C of Income Tax Act: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) observed that full value of consideration or cost of investment cannot be substituted by fair market value except within purview of...
![Full Value of Consideration or Cost of Investment cannot be Substituted by Fair Market Value Except within Purview of Section 50 C of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/ITAT-ITAT-Delhi-Income-Tax-Fair-market-value-Fair-market-value-substitution-in-taxation-Tax-news-TAXSCAN.jpg "Full Value of Consideration or Cost of Investment cannot be Substituted by Fair Market Value Except within Purview of Section 50 C of Income Tax Act: ITAT [Read Order]")
Unexplained Cash Deposits during the Demonetization period: ITAT remits matter to AO produce Bills and Vouchers for Purchase and Sale of Gold [Read Order]
The Hyderabad bench of the Income Tax Appellate Tribunal ( ITAT ) has remitted the matter to the Assessing Officer, directing them to produce bills and vouchers related to the purchase and sale of...
![Unexplained Cash Deposits during the Demonetization period: ITAT remits matter to AO produce Bills and Vouchers for Purchase and Sale of Gold [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/ITAT-ITAT-Hyderabad-Unexplained-cash-deposits-Demonetization-period-Purchase-and-sale-of-Gold-TAXSCAN.jpg "Unexplained Cash Deposits during the Demonetization period: ITAT remits matter to AO produce Bills and Vouchers for Purchase and Sale of Gold [Read Order]")
No invocation of Section 201(1)/201(1A) of Income Tax Act as assessee cannot be termed “assessee in default” for non-deduction of TDS: ITAT [Read Order]
The Rajkot bench of the Income Tax Appellate Tribunal ( ITAT ) observed that no invocation of Section 201(1)/201(1A) of the Income Tax Act, 1961, as assessee cannot be termed “assessee in...
![No invocation of Section 201(1)/201(1A) of Income Tax Act as assessee cannot be termed “assessee in default” for non-deduction of TDS: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/ITAT-ITAT-Rajkot-Income-Tax-TDS-ITAT-ruling-on-TDS-deduction-TAXSCAN.jpg "No invocation of Section 201(1)/201(1A) of Income Tax Act as assessee cannot be termed “assessee in default” for non-deduction of TDS: ITAT [Read Order]")