![Disallowance under Rule 8D(ii) not Warranted When Investments Made from Own Funds: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Disallowance-Warranted-Investments-Funds-ITAT-TAXSCAN.jpg "Disallowance under Rule 8D(ii) not Warranted When Investments Made from Own Funds: ITAT [Read Order]")
Disallowance under Rule 8D(ii) not Warranted When Investments Made from Own Funds: ITAT [Read Order]
The Income Tax Appellate Tribunal, Pune Bench, has recently in an appeal filed before it, held that disallowance under rule 8D shall not be warranted...
![AO cannot Reopen Assessment in absence of Tangible material showing Escapement of Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/AO-Reopen-Assessment-material-Escapement-Income-ITAT-TAXSCAN-1.jpg "AO cannot Reopen Assessment in absence of Tangible material showing Escapement of Income: ITAT [Read Order]")
![Leadership Training Receipts are not chargeable to Tax as per Article 12(4)(b) of the DTAA between India and Portuguese: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Leadership-Training-Tax-DTAA-Portuguese-ITAT-TAXSCAN.jpg "Leadership Training Receipts are not chargeable to Tax as per Article 12(4)(b) of the DTAA between India and Portuguese: ITAT [Read Order]")
![ITAT deletes Disallowance u/s. 40A(3) without appreciating Business expediency in payment towards Genuine Transaction [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/ITAT-business-expediency-payment-genuine-transaction-TAXSCAN.jpeg "ITAT deletes Disallowance u/s. 40A(3) without appreciating Business expediency in payment towards Genuine Transaction [Read Order]")
![Relief to HSBC Software Development (India) Pvt Ltd: ITAT grants deduction u/s 10B on registration with STPI as 100% EOU [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/HSBC-ITAT-STPI-EOU-TAXSCAN.jpg "Relief to HSBC Software Development (India) Pvt Ltd: ITAT grants deduction u/s 10B on registration with STPI as 100% EOU [Read Order]")
CIT(A) is expected to decide Appeal with reasons determining the points u/s 250(6) of the Income Tax Act: ITAT [Read Order]
The Pune bench of the Income Tax Appellate Tribunal has held that under section 250(6) of the Income Tax Act, the CIT(A) is expected to decide the appeal with reasons determining the points thereon. ...
![CIT(A) is expected to decide Appeal with reasons determining the points u/s 250(6) of the Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/CITA-appeal-Income-Tax-Act-ITAT-Taxscan.jpg "CIT(A) is expected to decide Appeal with reasons determining the points u/s 250(6) of the Income Tax Act: ITAT [Read Order]")
Denial of Benefit u/s 10A only because of Form No.56F was not Filed is quite erroneous: ITAT [Read Order]
The Pune bench of the Income Tax Appellate Tribunal ( ITAT ) has held that denial of benefit u/s 10A only because Form No.56F was not filed is quite erroneous. The appellant, revenue filed appeal...
![Denial of Benefit u/s 10A only because of Form No.56F was not Filed is quite erroneous: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/WhatsApp-Image-2022-03-11-at-4.03.17-PM.jpeg "Denial of Benefit u/s 10A only because of Form No.56F was not Filed is quite erroneous: ITAT [Read Order]")
TPA made at entity level should be restricted to international transactions only: ITAT grants Partial Relief to Tasty Bite Eatables [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune Bench ruled that the Transfer Pricing Adjustment (TPA) made at entity level should be restricted to international transactions only. The assessee,...
![TPA made at entity level should be restricted to international transactions only: ITAT grants Partial Relief to Tasty Bite Eatables [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/06/TPA-ITAT-Tasty-Bite-Eatables-Taxscan.jpg "TPA made at entity level should be restricted to international transactions only: ITAT grants Partial Relief to Tasty Bite Eatables [Read Order]")
![ITAT deletes Penalty for failure to issue Notice [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/ITAT-Penalty-failure-to-issue-Notice-Taxscan.jpg "ITAT deletes Penalty for failure to issue Notice [Read Order]")
![Firm can’t be Assessed for Fresh Capital Introduced by Partner: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/01/Partners-Taxscan.jpg "Firm can’t be Assessed for Fresh Capital Introduced by Partner: ITAT [Read Order]")
Frequent Transactions in Shares won’t Constitute ‘Business’ If Assessee treated the same as ‘Investment’: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) Kolkata on June 13th held that frequent transactions in shares would not constitute ‘business’ if assessee treats these transactions as ‘investments’. The...
![Frequent Transactions in Shares won’t Constitute ‘Business’ If Assessee treated the same as ‘Investment’: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/04/Capital-Gain-Sale-of-SHares-Taxscan.jpg "Frequent Transactions in Shares won’t Constitute ‘Business’ If Assessee treated the same as ‘Investment’: ITAT [Read Order]")
Unabsorbed Brought Forward Business Loss Should Be Set Off Against the Business Income: ITAT [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal ( ITAT ) in Gouranga Cement Pvt. Ltd vs. DCIT recently held that Unabsorbed brought forward business loss should be set off against the business...
![Unabsorbed Brought Forward Business Loss Should Be Set Off Against the Business Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/05/Business-Loss-Taxscan.jpg "Unabsorbed Brought Forward Business Loss Should Be Set Off Against the Business Income: ITAT [Read Order]")