![ITAT upholds Addition as Assessee has failed to offer any explanation with regard to Nature and Source of Credit in his Bank Account [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/01/ITAT-Explanation-Source-of-Credit-Bank-Account-Assessee-Taxscan.jpeg "ITAT upholds Addition as Assessee has failed to offer any explanation with regard to Nature and Source of Credit in his Bank Account [Read Order]")
ITAT upholds Addition as Assessee has failed to offer any explanation with regard to Nature and Source of Credit in his Bank Account [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) upheld the addition as the assessee has failed to offer any explanation with regard to...
![Relief to PC Jewellers: ITAT grants Deduction on Expense of Education Cess as it does not fall under Capital Expense, Personal Expenditure [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/12/ITAT-PC-Jwellers-Education-Cess-Deduction-Capital-Expense-personal-Expenditure-Taxscan.jpeg "Relief to PC Jewellers: ITAT grants Deduction on Expense of Education Cess as it does not fall under Capital Expense, Personal Expenditure [Read Order]")
![Mitsui India not a DAPE of Mitsui Japan, no question of Computing Income of PE or any disallowance of Commission arises: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/12/Mitsui-India-DAPE-Mitsui-Japan-income-of-PE-disallowance-of-commission-ITAT-Taxscan.jpeg "Mitsui India not a DAPE of Mitsui Japan, no question of Computing Income of PE or any disallowance of Commission arises: ITAT [Read Order]")
![Long Term Capital Gain Tax is not applicable to indirect transfer of Indian Assets: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/10/Long-Term-Capital-Gain-Tax-indirect-transfer-Indian-Assets-ITAT-Taxscan.jpeg "Long Term Capital Gain Tax is not applicable to indirect transfer of Indian Assets: ITAT [Read Order]")
Revenue derived from distribution of products can’t be taxed as ‘Royalty’ through Business Income as it is already offered under MAP: ITAT
The Income Tax Appellate Tribunal (ITAT), New Delhi held that the revenue derived from the distribution of products cannot be taxed as ‘royalty’ as business income as it is already offered under...
![AO not justified when the reasons for initiation of proceedings Seized to Survive: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/07/AO-ITAT-proceedings-Taxscan.jpg "AO not justified when the reasons for initiation of proceedings Seized to Survive: ITAT [Read Order]")
Assessment based on Information from the Investigation Wing of Income Tax is Valid: ITAT [Read Order]
The New Delhi bench of ITAT in DCIT versus M/s. Erawat Infotech Pvt. Ltd ruled that assessment based on the information from the investigation wing of the income tax is valid. In instant case as per...
![Assessment based on Information from the Investigation Wing of Income Tax is Valid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/08/Assessment.jpg "Assessment based on Information from the Investigation Wing of Income Tax is Valid: ITAT [Read Order]")
Claim of 10AA Deduction Accepted in Previous Years can’t be denied in the Current AY on ground of mere changes in Business: ITAT [Read Order]
While hearing the case of Macquarie Global Services Pvt. Ltd vs. DCIT, the Delhi bench of the Income Tax Appellate Tribunal (ITAT) held that once the claim of section 10AA deduction under the Income...
![Claim of 10AA Deduction Accepted in Previous Years can’t be denied in the Current AY on ground of mere changes in Business: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/02/10AA-Deduction.jpg "Claim of 10AA Deduction Accepted in Previous Years can’t be denied in the Current AY on ground of mere changes in Business: ITAT [Read Order]")
![Sec 50C not applicable in Case of a Right to Purchase a Building: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/02/Purchase-Building-Taxscan.jpg "Sec 50C not applicable in Case of a Right to Purchase a Building: ITAT [Read Order]")
![Gift received by HUF from Mother of Karta would attract Income Tax: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/01/Gift-Taxscan.jpg "Gift received by HUF from Mother of Karta would attract Income Tax: ITAT [Read Order]")