![Reassessment based on Mere Change of Opinion is Invalid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Reassessment-ITAT-TAXSCAN.jpeg "Reassessment based on Mere Change of Opinion is Invalid: ITAT [Read Order]")
Reassessment based on Mere Change of Opinion is Invalid: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune Bench held that reassessment on mere change of opinion is invalid. The appeal has been preferred by...
![Relief to BMC Software: ITAT deletes Income Tax Addition on Lease Line Charges [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/BMC-Software-ITAT-Income-Tax-Addition-Lease-Line-Charges-TAXSCAN.jpg "Relief to BMC Software: ITAT deletes Income Tax Addition on Lease Line Charges [Read Order]")
![ITAT deletes Disallowance u/s. 40A(3) without appreciating Business expediency in payment towards Genuine Transaction [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/ITAT-business-expediency-payment-genuine-transaction-TAXSCAN.jpeg "ITAT deletes Disallowance u/s. 40A(3) without appreciating Business expediency in payment towards Genuine Transaction [Read Order]")
![Relief to HSBC Software Development (India) Pvt Ltd: ITAT grants deduction u/s 10B on registration with STPI as 100% EOU [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/HSBC-ITAT-STPI-EOU-TAXSCAN.jpg "Relief to HSBC Software Development (India) Pvt Ltd: ITAT grants deduction u/s 10B on registration with STPI as 100% EOU [Read Order]")
![Capital Gain cannot be Taxed from Owner of Property When Sale Consideration is already Taxed from PoA Holder: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Capital-Gain-Owner-Property-Sale-Consideration-PoA-Holder-ITAT-taxscan.jpeg "Capital Gain cannot be Taxed from Owner of Property When Sale Consideration is already Taxed from PoA Holder: ITAT [Read Order]")
Surcharge, Education Cess, and Additional Surcharges are eligible for MAT Credit u/s 115JAA: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune bench has held that surcharge, education cess, and additional surcharges are eligible for minimum alternate tax (MAT) credit under section 115JAA. ...
![Surcharge, Education Cess, and Additional Surcharges are eligible for MAT Credit u/s 115JAA: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Surcharge-Education-Cess-Additional-Surcharges-MAT-Credit-ITAT-taxscan.jpg "Surcharge, Education Cess, and Additional Surcharges are eligible for MAT Credit u/s 115JAA: ITAT [Read Order]")
![Income from IT Support Services and Software License not chargeable to Tax: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Income-IT-support-services-software-license-tax-ITAT-taxscan.jpeg "Income from IT Support Services and Software License not chargeable to Tax: ITAT [Read Order]")
Subsidy granted by Govt. for encouraging Industries are Capital Receipts: ITAT deletes Addition [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune bench has held that subsidies granted by the government for encouraging industries are capital receipts and deletes addition. The assessee, M/s....
![Subsidy granted by Govt. for encouraging Industries are Capital Receipts: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Subsidy-Govt-Industries-Capital-Receipts-ITAT-taxscan.jpg "Subsidy granted by Govt. for encouraging Industries are Capital Receipts: ITAT deletes Addition [Read Order]")
HR, Marketing Consultancy Services, and Employee Training Services are not chargeable to Tax in India FTS: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune Bench has held that HR, Marketing Consultancy services, and Employee Training services are not chargeable to tax in India as Fees for Technical...
![HR, Marketing Consultancy Services, and Employee Training Services are not chargeable to Tax in India FTS: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/HR-Marketing-Tax-FTS-ITAT-taxscan.jpeg "HR, Marketing Consultancy Services, and Employee Training Services are not chargeable to Tax in India FTS: ITAT [Read Order]")
SBI cannot take a Defense of Scarcity of Advisors: ITAT imposes Cost of Rs. 1 Lakh for Late filing of TDS Statement [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune bench has held that State Bank of India (SBI) cannot take a defense of scarcity of advisors and imposes a cost of Rs. 1 lakh for late filing of Tax...
![SBI cannot take a Defense of Scarcity of Advisors: ITAT imposes Cost of Rs. 1 Lakh for Late filing of TDS Statement [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/SBI-ITAT-TDS-Statement-taxscan.jpg "SBI cannot take a Defense of Scarcity of Advisors: ITAT imposes Cost of Rs. 1 Lakh for Late filing of TDS Statement [Read Order]")
ITAT grants Tax Exemption to Trust carrying out Study Programmes for University’s registered Students [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune bench consisting of S S Godara, Judicial Member and Dr Dipak P Ripote, Accountant Member granted tax exemption to trust carrying out study programmes...
![ITAT grants Tax Exemption to Trust carrying out Study Programmes for University’s registered Students [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/ITAT-Tax-Exemption-Study-programmes-universitys-registered-students-taxscan.jpeg "ITAT grants Tax Exemption to Trust carrying out Study Programmes for University’s registered Students [Read Order]")
Co-Operative Bank eligible for TDS Exemption u/s 194A for deposits by Nominal Members: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune Bench has held that Cooperative bank share eligible for Tax Deduction at Source (TDS) exemption under section 194A for deposits by nominal members. ...
![Co-Operative Bank eligible for TDS Exemption u/s 194A for deposits by Nominal Members: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Co-operative-bank-TDS-exemption-ITAT-taxscan.jpeg "Co-Operative Bank eligible for TDS Exemption u/s 194A for deposits by Nominal Members: ITAT [Read Order]")