![Deduction towards Remuneration of Partners, Not covered within Scope of Limited Scrutiny: ITAT Quashes Revision Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Deduction-towards-Remuneration-of-Partners-Not-covered-within-Scope-of-Limited-Scrutiny-ITAT-Quashes-Revision-Order-TAXSCAN.jpg "Deduction towards Remuneration of Partners, Not covered within Scope of Limited Scrutiny: ITAT Quashes Revision Order [Read Order]")
Deduction towards Remuneration of Partners, Not covered within Scope of "Limited Scrutiny": ITAT Quashes Revision Order [Read Order]
The Pune bench of the Income Tax Appellate Tribunal (ITAT) quashed the revision order on the ground of deduction made towards the remuneration of...
![ITAT Directs Revision as no Fault could be Found in the Observation that the Assessment was Framed without Making due enquires [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/ITAT-directs-revision-found-in-the-observation-assessment-was-framed-without-making-due-enquires-TAXSCAN.jpg "ITAT Directs Revision as no Fault could be Found in the Observation that the Assessment was Framed without Making due enquires [Read Order]")
![Central Govt extends Vice President G S Pannus Tenure as ITAT President for 6 More Months [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Central-Govt-Vice-President-G-S-Pannus-Tenure-ITAT-President-6-More-Months-TAXSCAN.jpg "Central Govt extends Vice President G S Pannus Tenure as ITAT President for 6 More Months [Read Order]")
![Addition in 153A assessment of an unabated assessment can be made on the basis of incriminating material only: ITAT deletes addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Addition-assessment-of-an-unabated-assessment-basis-of-incriminating-material-only-ITAT-deletes-addition-TAXSCAN.jpg "Addition in 153A assessment of an unabated assessment can be made on the basis of incriminating material only: ITAT deletes addition [Read Order]")
![FMV of Agricultural Land to be Determined according to the Guidelines of the FY in which assessee Received Entire Amount of Sale Consideration: ITAT Dismisses Revenue Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/FMV-of-Agricultural-Land-to-be-Determined-according-Guidelines-of-the-FY-in-which-assessee-Received-Entire-Amount-of-Sale-Consideration-ITAT-Dismisses-Revenue-Appeal-TAXSCAN.jpg "FMV of Agricultural Land to be Determined according to the Guidelines of the FY in which assessee Received Entire Amount of Sale Consideration: ITAT Dismisses Revenue Appeal [Read Order]")
Income by way of Statutory Contribution received from recognized Stock Exchange is eligible for exemption u/s 10 (23EC) of Income Tax Act: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT ) Mumbai bench held that income by way of statutory contribution received from the recognized stock exchange is eligible for exemption under Section 10 (23EC)...
![Income by way of Statutory Contribution received from recognized Stock Exchange is eligible for exemption u/s 10 (23EC) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Income-by-way-of-Statutory-Contribution-received-from-recognized-Stock-Exchange-is-eligible-for-exemption-Income-Tax-Act-ITAT-TAXSCAN.jpg "Income by way of Statutory Contribution received from recognized Stock Exchange is eligible for exemption u/s 10 (23EC) of Income Tax Act: ITAT [Read Order]")
Relief to Jaypee Cement: ITAT deletes Penalty of Rs.132 Cr. imposed for Misreported Income due to mistake of Tax Auditor [Read Order]
The Income Tax Appellate Tribunal (ITAT) Delhi bench deleted the penalty of Rupees 132 crore imposed on Jaypee Cement for misreporting of income by the tax auditor in the tax return. Assessee...
![Relief to Jaypee Cement: ITAT deletes Penalty of Rs.132 Cr. imposed for Misreported Income due to mistake of Tax Auditor [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Relief-to-Jaypee-Cement-ITAT-deletes-Penalty-imposed-for-Misreported-Income-due-to-mistake-of-Tax-Auditor-TAXSCAN.jpg "Relief to Jaypee Cement: ITAT deletes Penalty of Rs.132 Cr. imposed for Misreported Income due to mistake of Tax Auditor [Read Order]")
Filing of Confirmation, Affidavit, Bank Statement and Marking of Personal Presence is Sufficient to Consider Genuineness of Depositors: ITAT Deletes Addition u/s 68 of Income Tax Act [Read Order]
The Jodhpur Bench of Income Tax Appellate Tribunal (ITAT) has deleted addition under Section 68 of the Income Tax Act 1961, as the filing of confirmation, affidavit, bank statement and making...
![Filing of Confirmation, Affidavit, Bank Statement and Marking of Personal Presence is Sufficient to Consider Genuineness of Depositors: ITAT Deletes Addition u/s 68 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Filing-of-Confirmation-Affidavit-Bank-Statement-and-Marking-of-Personal-Presence-is-Sufficient-to-Consider-Genuineness-of-Depositors-ITAT-Deletes-Addition-Income-Tax-Act-TAXSCAN.jpg "Filing of Confirmation, Affidavit, Bank Statement and Marking of Personal Presence is Sufficient to Consider Genuineness of Depositors: ITAT Deletes Addition u/s 68 of Income Tax Act [Read Order]")
Income Towards Discount and Incentives to be Assessed under Head Income from Business and Profession if Books of Account is Linked to Business: ITAT [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal (ITAT) held that the nature and source of credit found in the books of accounts of the assessee is linked to business, then any income generated out...
![Income Towards Discount and Incentives to be Assessed under Head Income from Business and Profession if Books of Account is Linked to Business: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Income-Towards-Discount-and-Incentives-Assessed-under-Head-Income-from-Business-and-Profession-if-Books-of-Account-is-Linked-to-Business-ITAT-TAXSCAN.jpg "Income Towards Discount and Incentives to be Assessed under Head Income from Business and Profession if Books of Account is Linked to Business: ITAT [Read Order]")
ITAT deletes TP Adjustment by TPO towards Payment of Royalty on Technology paid to Cadbury Adams USA LLC, and Cadbury Enterprises Pte Ltd [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has deleted the Transfer Pricing (TP) adjustment by the Transfer Pricing Officer (TPO) towards the payment of royalty on technology paid to...
![ITAT deletes TP Adjustment by TPO towards Payment of Royalty on Technology paid to Cadbury Adams USA LLC, and Cadbury Enterprises Pte Ltd [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/ITAT-TP-Adjustment-by-TPO-towards-Payment-Royalty-on-Technology-paid-to-Cadbury-Adams-USA-LLC-Cadbury-Enterprises-Pte-Ltd.jpg "ITAT deletes TP Adjustment by TPO towards Payment of Royalty on Technology paid to Cadbury Adams USA LLC, and Cadbury Enterprises Pte Ltd [Read Order]")
TDS u/s 194C(2) Not applicable when No Contractual or Sub-Contractual Relationship exists between JV and its Constituencies: ITAT [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) held that the tax deducted at source under Section 194C(2) of the Income Tax Act, 1961 shall not be applicable when there is no...
![TDS u/s 194C(2) Not applicable when No Contractual or Sub-Contractual Relationship exists between JV and its Constituencies: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/TDS-applicable-when-No-Contractual-or-Sub-Contractual-Relationship-exists-between-JV-and-its-Constituencies-ITAT-TAXSCAN.jpg "TDS u/s 194C(2) Not applicable when No Contractual or Sub-Contractual Relationship exists between JV and its Constituencies: ITAT [Read Order]")