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Stay updated with the latest ITAT judgments, orders, and appellate rulings impacting income tax matters in India.

Corporate Guarantee Falls within the Scope and Ambit of International Transaction, ALP Applicable at 0.5%: ITAT [Read Order]

Taxscan Team

The Bangalore Bench of Income Tax Appellate Tribunal has held that corporate guarantee falls within the scope and ambit of international transaction...

Income from Transfer of Agricultural Land is not Business Income and Eligible for Tax Exemption:...

‘Royalty’ cannot be attributed to providing Customized Research Advisory Services: ITAT [Read Order]

Relief to Adidas India: Buying Commission paid as per Buying Agency Agreement is not FTS, No TDS...

No Penalty on Receiving Cash Loan from Family Members to Meet Business Exigency: ITAT [Read Order]

Set Back to Infosys; Payment of Sub-Contracting Charges to Subsidiary is Liable to TDS: ITAT [Read Order]

The Bangalore bench of Income Tax Appellate Tribunal ( ITAT ) has held that payment of sub-contracting charges to subsidiary is liable to Tax Deduction at Source. The assesse, M/s.Infosys Limited...

The Term 'Sufficient Cause' shall Interpret Liberally: ITAT [Read Order]

The Bangalore bench of the ITAT, in a significant ruling favoring the assessee, has held that the term “sufficient cause” shall interpret liberally. There was a delay of more than 500 days in...

Mere Mistake in filing of Income Tax Return would not result in Enhancement of Income: ITAT [Read Order]

The Chennai bench of the Income Tax Appellate Tribunal (ITAT) has held that a mere mistake in the filing of return of income would not result into enhancement of income of the assessee. the...

Penalty cannot be levied based on Estimate Addition: ITAT [Read Order]

The Chennai bench of the Income Tax Appellate Tribunal (ITAT) has held that the penalty order under section 271(1)(c) of the Income Tax Act, 1961 cannot be levied merely based on estimate...

TDS u/s 194D not applicable to Reinsurance Commission: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Delhi bench has held that the provisions of TDS under section 194D of the Income Tax Act, 1961 is not applicable to the reinsurance commission. The...

Interest u/s 234C shall be calculated based on 'Returned Income': ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Mumbai bench has held that the amount of interest under section 234C of the Income Tax Act, 1961 shall be calculated on the basis of the “returned income”...

Provisions of Sec 44AD not applicable to Commission Agents: ITAT [Read Order]

The ITAT, Chennai bench has held that the provisions of Section 44AD of the Income Tax Act, 1961 cannot be applied to commission agents who are doing business of agency commission or earning...

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