ITAT
Stay updated with the latest ITAT judgments, orders, and appellate rulings impacting income tax matters in India.
![Reimbursement of Expenses by Indian Associate for Training and Workshops for its New Joiners is not Fees for Included Services: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Indian-Associate-Training-Workshops-Fees-Services-ITAT-Taxscan.jpg "Reimbursement of Expenses by Indian Associate for Training and Workshops for its New Joiners is not Fees for Included Services: ITAT [Read Order]")
Reimbursement of Expenses by Indian Associate for Training and Workshops for its New Joiners is not Fees for Included Services: ITAT [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal has held that reimbursement of expenses by Indian Associate for training and workshops for its new...
![Amount Received from Indian Associate for ‘Support Service’ is not Fees for included Services and not liable to Tax: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Indian-Associate-Support-Service-Fees-Tax-ITAT-Taxscan.jpg "Amount Received from Indian Associate for ‘Support Service’ is not Fees for included Services and not liable to Tax: ITAT [Read Order]")
![Clerical Mistake in Audit Report Form 10B can be Rectified: ITAT grants Tax Exemption to Society [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Audit-Report-Form-10B-ITAT-Tax-Exemption-taxscan.jpeg "Clerical Mistake in Audit Report Form 10B can be Rectified: ITAT grants Tax Exemption to Society [Read Order]")
![Amendments to Sections 43B and 36(1)(va) of the Income Tax Act cannot have Retrospective Effect since It Imposes Liability on Assessee: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Income-Tax-Act-Retrospective-Effect-Liability-Assessee-ITAT-taxscan.jpg "Amendments to Sections 43B and 36(1)(va) of the Income Tax Act cannot have Retrospective Effect since It Imposes Liability on Assessee: ITAT [Read Order]")
![Source of Money cannot be doubted If Fixed Deposits are made out of Savings: ITAT grants Relief to Senior Citizen Lady [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Tax-Savings-Source-of-Money-Fixed-Deposits-Savings-ITAT-Senior-Citizen-Lady-Taxscan.jpeg "Source of Money cannot be doubted If Fixed Deposits are made out of Savings: ITAT grants Relief to Senior Citizen Lady [Read Order]")
Income Tax Penalty cannot be imposed for Claim of Expenditure due to Wrong Professional Advice: ITAT
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) has held that the income tax penalty under section 271(1) of the Income Tax Act, 1961 cannot be imposed for the claim of expenditure...
Subsidy Expenditure does not attract TDS Provision: ITAT set-asides Order Disallowing Subsidy u/s 40(a)(ia)
The Bangalore Bench of Income Tax Appellate Tribunal ( ITAT ) has held that subsidy expenditure not attracts TDS provision and set asides the order disallowing subsidy u/s 40(a)(ia). The appellant...
Subscription Money received in advance by Sun Direct TV from Customers shall be treated as Deferred Income: ITAT [Read Order]
In a major relief to M/s Sun Direct TV Pvt Ltd., the Chennai bench of the Income Tax Appellate Tribunal (ITAT) has held that the subscription monies received in advance by the Company shall be...
![Subscription Money received in advance by Sun Direct TV from Customers shall be treated as Deferred Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Subscription-Money-Sun-Direct-TV-Deferred-Income-ITAT-Taxscan.jpg "Subscription Money received in advance by Sun Direct TV from Customers shall be treated as Deferred Income: ITAT [Read Order]")
Loss due to Exchange Fluctuation is Revenue Expenditure: Supreme Court grants Relief to Wipro [Read Judgment]
In a major relief to Wipro Finance Ltd., the Supreme Court observed that the loss suffered owing to exchange fluctuation can be regarded as revenue expenditure and thus an allowable deduction. The...
![Loss due to Exchange Fluctuation is Revenue Expenditure: Supreme Court grants Relief to Wipro [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2022/04/Loss-due-to-Exchange-Fluctuation-Revenue-Expenditure-Supreme-Court-Relief-to-Wipro.jpeg "Loss due to Exchange Fluctuation is Revenue Expenditure: Supreme Court grants Relief to Wipro [Read Judgment]")
Interest from FDRs made for Business Purposes and for getting Tender shall be treated as 'Business Income': ITAT [Read Order]
The Jaipur bench of the Income Tax Appellate Tribunal (ITAT) has held that the interest income received from the FDRs made for business purposes and for getting the tender from the Electricity Board...
![Interest from FDRs made for Business Purposes and for getting Tender shall be treated as Business Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Interest-FDRs-Tender-Business-Income-ITAT-taxscan.jpeg "Interest from FDRs made for Business Purposes and for getting Tender shall be treated as Business Income: ITAT [Read Order]")