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TDS Not Applicable to Payments made to Non-Residents: ITAT [Read Order]

Aparna. M

The Income Tax Appellate Tribunal (ITAT) Chennai bench held that Tax Deduction at Source not applicable to payment made to Non-Residents. Assessee...

Interest paid on Belated Payments of Service Tax is allowable for deduction u/s 37(1) Income Tax...

Addition of Income based on statement of Director without verifying details of Payments from Third...

Payments made as Expense onsite project to third party vendors not liable to TDS, disallowance made...

Payments made to Social Kinnect would fall within provisions of Section 194C: ITAT [Read Order]

Receiving Advances for purpose of availing Credit facilities, cannot be considered as gratuitous payments U/s 2(22)(e) of the Income Tax Act: ITAT

Receiving advances for purpose of availing credit facilities, cannot be considered as gratuitous payments under Section 2(22)(e) of the Income Tax Act, so was held by the Income Tax appellate...

Undisclosed Income can’t be added, unless it is proved with Corroborative Evidence: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), New Delhi bench comprising, Sh. Amit Shukla, Judicial Member and Dr B. R. R. Kumar, Accountant Member have held that the addition to income can’t be made...

Enhancement of Compounding Charges on Subsequent Offences is Valid: Delhi HC [Read Order]

The Delhi High Court has upheld an order of the income tax department imposing enhanced compounding charges on subsequent applications for compounding of offences relating to late deposit of Tax...

Lenskart not liable to pay TDS on Payment to Facebook Ireland: ITAT [Read Order]

The Delhi bench of the Income Tax Appellate Tribunal, allowing an appeal by M/s Lenskart Solution (P) Ltd, has held that TDS is not payable on the amount paid to Facebook Ireland. The Assessee had...

Maharashtra issues Instructions on Revocation of Cancellation of GST Registration [Read Circular]

The Maharashtra GST Department vide Internal Circular No. 06A of 2022 dated March 23, 2022 has issued instructions regarding care to be taken while revocation of cancellation of GST...

No TDS u/s 194A on Interest Payments to Agra Development Authority: Supreme Court [Read Order]

The Supreme Court of India ruled that, TDS is not applicable under Section 194A of the Income Tax Act on Interest Payments to Agra Development Authority. The Appellant Union Bank of India has...

Relief to Bajaj Foods Ltd: ITAT directs Income Tax Dept to verify Payments to Foreign Ship Companies [Read Order]

The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT), while granting an interim relief to the assessee, Bajaj Foods Ltd, directed the income tax department to reconsider the TDS default...

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