![Allowability of expenditure u/s 40A(2) for the transfer pricing made in respect of specified domestic transaction not sustainable: ITAT directs Re-Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Allowability-of-expenditure-transfer-pricing-respect-specified-domestic-transaction-sustainable-ITAT-Re-Adjudication-RAXSCAN-1.jpg "Allowability of expenditure u/s 40A(2) for the transfer pricing made in respect of specified domestic transaction not sustainable: ITAT directs Re-Adjudication [Read Order]")
Allowability of expenditure u/s 40A(2) for the transfer pricing made in respect of specified domestic transaction not sustainable: ITAT directs Re-Adjudication [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) held that provisions of Section 40A (2) of the IT act governs the allowability of...
![ITAT directs AO to Share Information of Beneficiaries of Leading Kingpins Providing Bogus Long Term Capital Gains within 90 days [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/ITAT-AO-ITAT-directs-AO-Information-Beneficiaries-Beneficiaries-of-Leading-Kingpins-taxscan.jpg "ITAT directs AO to Share Information of Beneficiaries of Leading Kingpins Providing Bogus Long Term Capital Gains within 90 days [Read Order]")
![ITAT issues Corrigendum for typographical errors in tribunal order in Deutsche Asset Managements Case [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/ITAT-Corrigendum-typographical-tribunal-Deutsche-Asset-Management-Case-TAXSCAN-1.jpg "ITAT issues Corrigendum for typographical errors in tribunal order in Deutsche Asset Managements Case [Read Order]")
![Mere Delivery Contract provided for Delivery of Securities to the Broker is not Sufficient to Claim Loss in Stock Exchange: ITAT Allows Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Mere-Delivery-Contract-Delivery-Contract-Mere-Delivery-Contract-provided-for-Delivery-of-Securities-Securities-Claim-Claim-Loss-in-Stock-Exchange-ITAT-taxscan.jpg "Mere Delivery Contract provided for Delivery of Securities to the Broker is not Sufficient to Claim Loss in Stock Exchange: ITAT Allows Appeal [Read Order]")
![Foreign Tax Credit cannot be Denied if Form 67 Prescribed under Rule 128 of Income Tax Rules not Filed but filed before Completion of Assessment: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Foreign-Tax-Credit-Denied-Rule-128-Income-Tax-Filed-filed-Completion-Assessment-ITAT-TAXSCAN.jpg "Foreign Tax Credit cannot be Denied if Form 67 Prescribed under Rule 128 of Income Tax Rules not Filed but filed before Completion of Assessment: ITAT [Read Order]")
Service Fees for Providing Supporting Services Taxable as FTS u/s 9(1)(vii) of Income Tax Act and Article 12(4) of India-USA DTAA: ITAT [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) held that the cost reimbursement of received by the assessee towards providing support services is taxable as fees for technical services both...
![Service Fees for Providing Supporting Services Taxable as FTS u/s 9(1)(vii) of Income Tax Act and Article 12(4) of India-USA DTAA: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Service-Fees-Supporting-Services-Taxable-FTS-Income-Tax-Act-Article-India-USA-DTAA-ITAT-TAXSCAN.jpg "Service Fees for Providing Supporting Services Taxable as FTS u/s 9(1)(vii) of Income Tax Act and Article 12(4) of India-USA DTAA: ITAT [Read Order]")
![Assessment Order against Non-existing Entity is invalid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Assessment-order-non-existing-entity-invalid-ITAT-TAXSCAN.jpg "Assessment Order against Non-existing Entity is invalid: ITAT [Read Order]")
Chartered Accountant or Advocate cannot Verify Form 35A, They can Only Declare that Content is "True to the best of his information and belief": ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has ruled that a chartered accountant or advocate cannot verify Form 35A, which is used to file objections to a draft assessment order...
![Chartered Accountant or Advocate cannot Verify Form 35A, They can Only Declare that Content is True to the best of his information and belief: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Chartered-Accountant-Advocate-Declare-Content-True-best-information-belief-ITAT-TAXSCAN.jpeg "Chartered Accountant or Advocate cannot Verify Form 35A, They can Only Declare that Content is True to the best of his information and belief: ITAT [Read Order]")
Notices of Hearing not received on Grounds of Technical Glitches in ITBA Portal : ITAT Directs Fresh Adjudication [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) directed fresh adjudication on the grounds of notices for hearing not received The taxpayer submitted their income tax return for...
![Notices of Hearing not received on Grounds of Technical Glitches in ITBA Portal : ITAT Directs Fresh Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Notices-Hearing-received-Grounds-Technical-Glitches-ITBA-Portal-ITAT-Fresh-Adjudication-TAXSCAN.jpg "Notices of Hearing not received on Grounds of Technical Glitches in ITBA Portal : ITAT Directs Fresh Adjudication [Read Order]")
Mere Non-production of Evidence by the Creditor of Assessee doesn't result in Addition of Income: ITAT allows Appeal [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) held that mere non-production of evidence by the creditor of the assessee doesn’t result in the addition of income. The assessee is a...
![Mere Non-production of Evidence by the Creditor of Assessee doesnt result in Addition of Income: ITAT allows Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Mere-Non-production-Evidence-Creditor-Assessee-result-Addition-Income-ITAT-Appeal-TAXSCAN.jpg "Mere Non-production of Evidence by the Creditor of Assessee doesnt result in Addition of Income: ITAT allows Appeal [Read Order]")
Fee Paid for Late Filing of Professional Tax Return is Penal in Nature: ITAT Upholds Disallowance [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has upheld the disallowance as the fee paid for late filing of professional tax return was penal in nature. The assessee, Shriram Chits...
![Fee Paid for Late Filing of Professional Tax Return is Penal in Nature: ITAT Upholds Disallowance [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Fee-Paid-for-Late-Filing-of-Professional-Tax-Return-is-Penal-in-Nature-ITAT-Upholds-Disallowance-TAXSCAN.jpg "Fee Paid for Late Filing of Professional Tax Return is Penal in Nature: ITAT Upholds Disallowance [Read Order]")
Ignorance that Income Earned from Partnership Liable to Tax not Reasonable Cause for Late Filing of ITR: ITAT Upholds Penalty [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) held that ‘Reasonable Cause' needs to be substantiated for failure of filing of return in order to claim exemption to penalty under Section...
![Ignorance that Income Earned from Partnership Liable to Tax not Reasonable Cause for Late Filing of ITR: ITAT Upholds Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Ignorance-Income-Earned-Income-Earned-from-Partnership-Partnership-Income-Liable-to-Tax-tax-Reasonable-Cause-for-Late-Filing-Late-Filing-Late-Filing-of-ITR-ITR-ITAT-Upholds-Penalty-ITAT-Penalty-taxscan.jpg "Ignorance that Income Earned from Partnership Liable to Tax not Reasonable Cause for Late Filing of ITR: ITAT Upholds Penalty [Read Order]")