ITAT Weekly Round-Up
This weekly summary analyses the major Income Tax Appellate Tribunal (ITAT) stories that were covered by Taxscan.in the week before, from April 9th...
![Lack of Identical Income Tax Rule not ground for Denial of Legitimate TCS Claim: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Income-Tax-Rule-TCS-Claim-ITAT-TAXSCAN.jpg "Lack of Identical Income Tax Rule not ground for Denial of Legitimate TCS Claim: ITAT [Read Order]")
![Interest u/s 234A cannot be Levied If Income Tax Return filed within Due Date: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Income-Tax-Return-ITAT-TAXSCAN.jpg "Interest u/s 234A cannot be Levied If Income Tax Return filed within Due Date: ITAT [Read Order]")
![Income Tax Matters settled under DTVSV scheme cannot be Revised u/s 263: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Income-Tax-Matters-settled-DTVSV-scheme-ITAT-TAXSCAN.jpg "Income Tax Matters settled under DTVSV scheme cannot be Revised u/s 263: ITAT [Read Order]")
![Assignment Agreement not Registered, Cant ignore Actual flow towards Property Acquisition while Computing Capital Gain: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Assignment-Agreement-not-Registered-Property-Acquisition-while-Computing-Capital-Gain-ITAT-TAXSCAN.jpg "Assignment Agreement not Registered, Cant ignore Actual flow towards Property Acquisition while Computing Capital Gain: ITAT [Read Order]")
Revision proceedings cannot be initiated when assessee has opted to settle dispute under DTVSV Scheme: ITAT [Read Order]
The Bengaluru Bench of the Income Tax Appellate Tribunal (ITAT), held that Revision proceedings cannot be initiated when assessee has opted to settle dispute under DTVSV scheme. The assessee,Pavan...
![Revision proceedings cannot be initiated when assessee has opted to settle dispute under DTVSV Scheme: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Revision-proceedings-DTVSV-ITAT-TAXSCAN.jpg "Revision proceedings cannot be initiated when assessee has opted to settle dispute under DTVSV Scheme: ITAT [Read Order]")
Relief to HP: ITAT allows Deduction on ESOP Cross Charges paid to Overseas Ultimate Holding Company, allowable as Expenditure [Read Order]
While granting relief to M/s. Hewlett Packard (India) Software Operation Pvt Ltd (HP) the Bangalore Bench of the Income Tax Appellate Tribunal (ITAT), held that Employee Stock Option Plan (ESOP)paid...
![Relief to HP: ITAT allows Deduction on ESOP Cross Charges paid to Overseas Ultimate Holding Company, allowable as Expenditure [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/HP-ITAT-Deduction-ESOP-Company-Expenditure-taxscan.jpg "Relief to HP: ITAT allows Deduction on ESOP Cross Charges paid to Overseas Ultimate Holding Company, allowable as Expenditure [Read Order]")
Cash Loan u/s 269SS given by Executive Directors to meet urgent Financial needs of Company: ITAT deletes Penalty [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore deleted penalty as the cash loan under Section 269SS of the Income Tax Act, 1961 given by Executive Directors to meet urgent financial needs of...
![Cash Loan u/s 269SS given by Executive Directors to meet urgent Financial needs of Company: ITAT deletes Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Cash-Loan-Executive-Directors-Company-ITAT-Penalty-taxscan.jpg "Cash Loan u/s 269SS given by Executive Directors to meet urgent Financial needs of Company: ITAT deletes Penalty [Read Order]")
Receiver of Sum in Cash Liable u/s 269ST of Income Tax Act: ITAT Quashes Proceedings against Investor for Investment made in Cash [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore bench, while quashing a revisional proceeding, has held that the provisions of section 269ST of the Income Tax Act, 1961 are applicable on the...
![Receiver of Sum in Cash Liable u/s 269ST of Income Tax Act: ITAT Quashes Proceedings against Investor for Investment made in Cash [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Receiver-Income-Tax-Act-ITAT-Proceedings-Investor-Investment-made-Cash-TAXSCAN-1.jpg "Receiver of Sum in Cash Liable u/s 269ST of Income Tax Act: ITAT Quashes Proceedings against Investor for Investment made in Cash [Read Order]")
![Relief to HP: ITAT allows Working Capital Adjustment Claim [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/HP-ITAT-allows-Working-Capital-Adjustment-Claim-TAXSCAN.jpeg "Relief to HP: ITAT allows Working Capital Adjustment Claim [Read Order]")
![Cash Payments made to Agriculturists are allowable, No Addition u/s 40A (3) sustain: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/Cash-payments-agriculturists-ITAT-taxscan.jpeg "Cash Payments made to Agriculturists are allowable, No Addition u/s 40A (3) sustain: ITAT [Read Order]")
Relief to Infosys BPO Ltd: Training Fee paid to Non-Resident Professional not amount to FTS, rules ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore, in a major relief to Infosys BPO ltd, held that the training fee paid by the assessee to a professional trainer would not amount to “fee for...
![Relief to Infosys BPO Ltd: Training Fee paid to Non-Resident Professional not amount to FTS, rules ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/ITAT-Bangalore-Infosys-BPO-Ltd-Training-Fee-FTS-ITAT-taxscan.jpeg "Relief to Infosys BPO Ltd: Training Fee paid to Non-Resident Professional not amount to FTS, rules ITAT [Read Order]")