![Payment for Breach of Contractual Obligation Pursuant to An Arbitration Award Deductible from Business Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Payment-Breach-of-Contractual-Obligation-Contractual-Obligation-Arbitration-Award-Business-Income-ITAT-Income-Tax-taxscan-.jpg "Payment for Breach of Contractual Obligation Pursuant to An Arbitration Award Deductible from Business Income: ITAT [Read Order]")
Payment for Breach of Contractual Obligation Pursuant to An Arbitration Award Deductible from Business Income: ITAT [Read Order]
The Hyderabad bench of Income Tax Appellate Tribunal (ITAT) has held that payment of contractual obligation pursuant to an arbitration award...
![ITAT deletes Disallowance u/s 40A(3) when assessee made Payment in Cash not directly to the Seller [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/ITAT-Disallowance-Payment-Cash-TAXSCAN.jpg "ITAT deletes Disallowance u/s 40A(3) when assessee made Payment in Cash not directly to the Seller [Read Order]")
![Goods held liable for confiscation, may be released on payment of redemption fine after adjudication: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Goods-confiscation-payment-redemption-fine-adjudication-CESTAT-taxscan.jpg "Goods held liable for confiscation, may be released on payment of redemption fine after adjudication: CESTAT [Read Order]")
![Assessee cannot be denied relief under SVLDR Scheme for non-formation of Committee: Supreme Court overrules judgment of Allahabad HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/SVLDR-Scheme-non-formation-Supreme-Court-judgement-Allahabad-HC-TAXSCAN.jpg "Assessee cannot be denied relief under SVLDR Scheme for non-formation of Committee: Supreme Court overrules judgment of Allahabad HC [Read Order]")
Payment to Processing Agency for Computer Assisted Work Not 'Professional Service', No TDS u/s 194J: ITAT [Read Order]
The Raipur bench of the Income Tax Appellate Tribunal (ITAT) has held that the payment made to the processing agency for the computer assisted work cannot be considered as “professional service” for...
![Payment to Processing Agency for Computer Assisted Work Not Professional Service, No TDS u/s 194J: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Payment-Processing-Assisted-Professional-Service-TDS-ITAT-TAXSCAN.jpg "Payment to Processing Agency for Computer Assisted Work Not Professional Service, No TDS u/s 194J: ITAT [Read Order]")
Payment received as Non-Compete Fees are taxable under Head of Income from Business & Profession section: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) has held that payment received as Non compete fees are taxable under the head of income from the business & Profession section. ...
![Payment received as Non-Compete Fees are taxable under Head of Income from Business & Profession section: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Payment-Payment-received-Non-Compete-Fees-taxable-Income-Business-Profession-ITAT-Taxscan.jpg "Payment received as Non-Compete Fees are taxable under Head of Income from Business & Profession section: ITAT [Read Order]")
![No TDS applicable on Payment of Interest to its Member by Co-operative Bank: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/TDS-TDS-applicable-Payment-Interest-Co-operative-Bank-ITAT-Taxscan.jpg "No TDS applicable on Payment of Interest to its Member by Co-operative Bank: ITAT [Read Order]")
![Payment of Rs. 22 Lakh in Cash to Wholesale Dealer attracts Disallowance u/s 40A(3): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Payment-Cash-Wholesale-Dealer-Wholesale-ITAT-taxscan.jpg "Payment of Rs. 22 Lakh in Cash to Wholesale Dealer attracts Disallowance u/s 40A(3): ITAT [Read Order]")
![No TDS on Payment of Fee to Singapore Entity: ITAT Grants Relief to Standard Chartered [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/TDS-Payment-Payment-of-Fee-Singapore-Entity-ITAT-Standard-Chartered-Taxscan.jpg "No TDS on Payment of Fee to Singapore Entity: ITAT Grants Relief to Standard Chartered [Read Order]")
Reversal of ITC for Non-Payment of Tax by Supplier: CBIC notifies Amendments to CGST Rules [Read Notification]
The Central Board of Indirect Taxes and Customs (CBIC) has notified the amendments to the Central Goods and Services Tax (CGST) Rules, 2017; after the recommendation regarding reversal of Input Tax...
![Reversal of ITC for Non-Payment of Tax by Supplier: CBIC notifies Amendments to CGST Rules [Read Notification]](https://www.taxscan.in/wp-content/uploads/2022/12/Reversal-ITC-non-payment-of-Tax-by-Supplier-CBIC-notifies-CGST-Rules-TAXSCAN.jpg "Reversal of ITC for Non-Payment of Tax by Supplier: CBIC notifies Amendments to CGST Rules [Read Notification]")
Calcutta HC condones delay of 13 days on due Payment of Third Instalment under Income Declaration Scheme [Read Order]
A Division Bench of the Calcutta High Court condoned a delay of 13 days as there was the due payment of the third instalment under the Income Declaration Scheme. The appellant in the present appeal...
![Calcutta HC condones delay of 13 days on due Payment of Third Instalment under Income Declaration Scheme [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Calcutta-HC-Payment-Instalment-Income-Declaration-Scheme-TAXSCAN.jpg "Calcutta HC condones delay of 13 days on due Payment of Third Instalment under Income Declaration Scheme [Read Order]")