![Security Charges Not subject to TDS u/s 194C of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Security-Charges-TDS-Income-Tax-Act-ITAT-TAXSCAN-1.jpg "Security Charges Not subject to TDS u/s 194C of Income Tax Act: ITAT [Read Order]")
Security Charges Not subject to TDS u/s 194C of Income Tax Act: ITAT [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal (ITAT) held that Security charges are not subject to Tax Deduction at Source under section 194C of...
![Assessee failed to Establish Difference b/w 26AS and Income Tax Returns: ITAT upholds Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Assessee-Income-Tax-Returns-Income-Tax-ITAT-taxscan.jpg "Assessee failed to Establish Difference b/w 26AS and Income Tax Returns: ITAT upholds Addition [Read Order]")
![Delay in filing Form 67 not a reason to deny claim of Foreign Tax Credit under DTAA: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Form-67-Delay-in-filing-Form-67-filing-Form-67-Foreign-Tax-Credit-DTAA-ITAT-taxscan.jpg "Delay in filing Form 67 not a reason to deny claim of Foreign Tax Credit under DTAA: ITAT [Read Order]")
![Restaurant Business Eligible to Declare Income Tax on Presumptive Basis: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Restaurant-Business-Eligible-Declare-Income-Tax-ITAT-TAXSCAN.jpg "Restaurant Business Eligible to Declare Income Tax on Presumptive Basis: ITAT [Read Order]")
![ICAI Guidelines for Calculating Turnover in Transactions related to Future and Options Reliable in the Absence of Statutory Provision: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/ICAI-Guidelines-Transactions-Statutory-Provision-ITAT-TAXSCAN.jpg "ICAI Guidelines for Calculating Turnover in Transactions related to Future and Options Reliable in the Absence of Statutory Provision: ITAT [Read Order]")
Guarantee Commission is not Taxable in India under India Germany DTAA: ITAT directs AO to delete Transfer Pricing Adjustment [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench directed Assessing Officer (AO) to delete transfer pricing adjustment and held that Guarantee commission is not taxable in India as per India...
![Guarantee Commission is not Taxable in India under India Germany DTAA: ITAT directs AO to delete Transfer Pricing Adjustment [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Guarantee-Commission-Taxable-in-India-under-India-Germany-DTAA-ITAT-AO-TAXSCAN.jpg "Guarantee Commission is not Taxable in India under India Germany DTAA: ITAT directs AO to delete Transfer Pricing Adjustment [Read Order]")
ESOP price difference between Exercise Price and Market Price are allowable Deduction: ITAT rules in favour of Mahindra [Read Order]
In a significant ruling in favour of Mahindra, the Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that the ESOP price difference between the exercise price and the market price...
![ESOP price difference between Exercise Price and Market Price are allowable Deduction: ITAT rules in favour of Mahindra [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/ESOP-difference-between-Exercise-Price-Market-Price-Deduction-ITAT-Mahindra-TAXSCAN.jpg "ESOP price difference between Exercise Price and Market Price are allowable Deduction: ITAT rules in favour of Mahindra [Read Order]")
![Professional Fee paid to EY Deductible as Business Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Professional-Fee-EY-Business-Expenditure-ITAT-taxscan.jpg "Professional Fee paid to EY Deductible as Business Expenditure: ITAT [Read Order]")
Reliance on bald statement and dumb document extracted from Laptop: ITAT deletes Income Tax Addition [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench deleted income tax disallowance as reliance was made by Assessing Officer (AO) on bald statement and dumb document extracted from laptop. The...
![Reliance on bald statement and dumb document extracted from Laptop: ITAT deletes Income Tax Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/dumb-document-Laptop-ITAT-Income-Tax-Addition-TAXSCAN.jpg "Reliance on bald statement and dumb document extracted from Laptop: ITAT deletes Income Tax Addition [Read Order]")
Reimbursement of Sales Promotion Expenses incurred through Credit Card to Directors cannot be Disallowed: ITAT [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Mumbai bench, while deleting a disallowance, has held that the reimbursement of sales promotion expenses incurred through Credit Card to the directors of...
![Reimbursement of Sales Promotion Expenses incurred through Credit Card to Directors cannot be Disallowed: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Reimbursemen-Sales-Promotion-Expenses-Credit-Card-Directors-ITAT-taxscan.jpg "Reimbursement of Sales Promotion Expenses incurred through Credit Card to Directors cannot be Disallowed: ITAT [Read Order]")
Failure to Prove Creditworthiness of Concerns Involved or genuineness of Transaction: ITAT upholds Income Tax Addition on Share Application Money [Read Order]
The Income Tax Appellate Tribunal(ITAT), Mumbai Bench, has recently in an appeal filed before it, held that addition can be made in respect of share application money, upon the failure of the assesse...
![Failure to Prove Creditworthiness of Concerns Involved or genuineness of Transaction: ITAT upholds Income Tax Addition on Share Application Money [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Creditworthiness-Concerns-Involved-genuineness-Transaction-Income-Tax-Share-Application-Money-TAXSCAN.jpg "Failure to Prove Creditworthiness of Concerns Involved or genuineness of Transaction: ITAT upholds Income Tax Addition on Share Application Money [Read Order]")