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L’d CIT(A)

Relief to Dodla International: License Fee for licensing a fully furnished Hotel along with License to run the Hotel Taxable as 'Other Income': ITAT [Read Order]

Taxscan Team

The Income Tax Appellate Tribunal (ITAT) Chennai on February 8 ruled that license fee received by an assessee for licensing a fully furnished hotel...

Levy of Penalty for non-filing of quarterly TDS Statement in Form 27EQ is invalid: ITAT [Read Order]

ITAT imposes Rs.1000 Cost on Assessee for being Negligent in Handling Appeal [Read Order]

Benefit of Section 35D once granted in initial year cannot be denied in Subsequent Years, rules ITAT...

Interest Income from FDRs can be treated as Business Income If Assessee proves that such FDR is...

Capital Gain Deduction claim can be invoked during Re-Assessment if Assessee failed to file Returns: ITAT [Read Order]

In an assessee-friendly ruling, the Income Tax Appellate Tribunal (ITAT), Jaipur bench has held that the assessee can claim the benefit of capital gain deduction under section 54F of the Income Tax...

RTA Registration Fee collected from Vehicle Buyers Taxable only If Dealer does not discharge Statutory Liabilities: ITAT [Read Order]

The Chennai bench of the Income Tax Appellate Tribunal (ITAT) has recently held that the provisions of section 43B of the Income Tax Act, 1961 will not apply to RTA Registration Fee collected by...

No TDS on Sale of Recharge Vouchers and Pre-Paid Vouchers to Distributors: ITAT grants relief to Vodafone [Read Order]

In a ruling granting TDS relief to the telecom giants, Vodafone, the Chennai bench of the Income Tax Appellate Tribunal (ITAT) held that TDS provisions under section 194H of the Income Tax Act, 1961...

Income from Sale & Purchase of Shares in Investment Portfolios is “Capital Gain”, not “Business Income”: ITAT Kolkata

The Kolkata Bench of the Income Tax Appellate Tribunal friday held that any income earned by an assessee in respect of sale and purchase of shares in investment portfolios should be treated as...

The Activities of the ICAI falls within the ambit of “Charitable Purpose”, ITAT grants exemption to ICAI u/s 10 & 11 of Income Tax Act [Read Order]

The Delhi ITAT in a recent judgment held that the activities of The Institute of Chartered Accountants of India (ICAI) is covered under s. 10 and 11 of the Income Tax Act and therefore, it is entitled...