![Provisions of sections 115BBE will not be applied on Surrendered Income which cannot be treated as unexplained money u/s 69A of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Provisions-Surrendered-Income-Income-unexplained-money-Income-Tax-Act-Tax-Income-tax-news-tax-news-taxscan.jpg "Provisions of sections 115BBE will not be applied on Surrendered Income which cannot be treated as unexplained money u/s 69A of Income Tax Act: ITAT [Read Order]")
Provisions of sections 115BBE will not be applied on Surrendered Income which cannot be treated as unexplained money u/s 69A of Income Tax Act: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi bench, held that provisions of Section 115BBE would not be applied to surrendered income, which could...
![Assessee has Sufficient Source of Income beyond Doubt for Investment in Immovable Property: ITAT deletes Addition for Unexplained Source of Income [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/No-Excise-Duty-Demand-Data-Received-on-Pen-Drive-Reliable-Evidence-CESTAT-taxscan.jpg "Assessee has Sufficient Source of Income beyond Doubt for Investment in Immovable Property: ITAT deletes Addition for Unexplained Source of Income [Read Order]")
![Licensing of Software Products of Microsoft in India by HP Services is not Taxable in India as Royalty u/s 9(1)(vi) and Article 12 of Indo US DTAA: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Licensing-of-Software-Products-Software-Products-Microsoft-India-HP-Services-ITAT-taxscan.jpg "Licensing of Software Products of Microsoft in India by HP Services is not Taxable in India as Royalty u/s 9(1)(vi) and Article 12 of Indo US DTAA: ITAT [Read Order]")
![FTS and Interest Income earned from joint venture Indian company shall be taxed as per order passed TDS officer u/s 195 of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/FTS-and-Interest-Income-earned-joint-venture-Indian-company-taxed-as-per-order-passed-TDS-officer-Income-Tax-Act-ITAT-TAXSCAN.jpg "FTS and Interest Income earned from joint venture Indian company shall be taxed as per order passed TDS officer u/s 195 of Income Tax Act: ITAT [Read Order]")
![Amount Received by Rendering Service in Mining of Natural Resources is not Taxable as FTS under India-Portugal DTAA: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Amount-Amount-Received-by-Rendering-Service-Amount-Received-by-Rendering-Service-in-Mining-of-Natural-Resources-Natural-Resources-ITAT-taxscan.jpg "Amount Received by Rendering Service in Mining of Natural Resources is not Taxable as FTS under India-Portugal DTAA: ITAT [Read Order]")
Consultancy Services cannot be Treated as FISÂ Merely because Service Provider has used Substantial Technical Skill as per India-USA DTAA: ITAT [Read Order]
The Delhi Bench of Income Tax AppellateTribunal (ITAT) has held that the consultancy services could not be treated as Fee for Included Services (FIS) merely because the service provider has used...
![Consultancy Services cannot be Treated as FISÂ Merely because Service Provider has used Substantial Technical Skill as per India-USA DTAA: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Consultancy-Services-Treated-FIS-Merely-Service-Provider-Substantial-Technical-Skill-India-USA-DTAA-ITAT-taxscan.jpg "Consultancy Services cannot be Treated as FISÂ Merely because Service Provider has used Substantial Technical Skill as per India-USA DTAA: ITAT [Read Order]")
Depreciation of 15% allowable on Electrical Fittings installed at factory premises: ITAT [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) held that since the Assessing Officer (AO) himself has accepted the higher claim of 15% in Assessment Year 2014-15, thus allowed of claim of...
![Depreciation of 15% allowable on Electrical Fittings installed at factory premises: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Depreciation-allowable-Electrical-Fittings-installed-factory-premises-ITAT-Assessing-Officer-allowed-of-claim-of-higher-depreciation-taxscan.jpg "Depreciation of 15% allowable on Electrical Fittings installed at factory premises: ITAT [Read Order]")
No disallowance shall be made u/s 14A r.w.r 8D I.T Rule if assessee not earned any exempt income previous year relevant to assessment year: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) Delhi bench held that no disallowance should be made Under Section 14A read with section 8D of Income Tax Rule if the assessee did not earn any exempt income...
![No disallowance shall be made u/s 14A r.w.r 8D I.T Rule if assessee not earned any exempt income previous year relevant to assessment year: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/CBIC-Sets-Norms-for-Officer-Posting-and-Performance-CRC-Payment-Exemption-at-Air-Freight-Solutions-TAXSCAN.jpg "No disallowance shall be made u/s 14A r.w.r 8D I.T Rule if assessee not earned any exempt income previous year relevant to assessment year: ITAT [Read Order]")
No TDS applicable on payments made to Haryana Urban Development Authority on account of EDC charges: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) Delhi bench held that Tax deduction at source (TDS) not applicable on payments made to Haryana Urban Development Authority on account of External Development...
![No TDS applicable on payments made to Haryana Urban Development Authority on account of EDC charges: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/No-TDS-applicable-payments-Haryana-Urban-Development-Authority-account-EDC-ITAT-TAXSCAN.jpg "No TDS applicable on payments made to Haryana Urban Development Authority on account of EDC charges: ITAT [Read Order]")
Failure to Distinct between Electric Fitting Installed in Factory and Office Premises: ITAT Allows Higher Depreciation to Office Electric Fittings [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has allowed higher depreciation to office electronic fittings on failure to distinguish between the electric fitting installed in factory and...
![Failure to Distinct between Electric Fitting Installed in Factory and Office Premises: ITAT Allows Higher Depreciation to Office Electric Fittings [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Failure-Failure-to-Distinct-between-Electric-Fitting-Installed-in-Factory-and-Office-Premises-Electric-Fitting-Installed-in-Factory-Office-Premises-ITAT-taxscan.jpg "Failure to Distinct between Electric Fitting Installed in Factory and Office Premises: ITAT Allows Higher Depreciation to Office Electric Fittings [Read Order]")
Addition made by AO u/s 68 Not sustainable when Assessee has proved identity, Creditworthiness, and Genuineness of Share Capital transactions: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) held that the additions made by the Assessing Officer under Section 68 of the Income Tax Act, 1961 are not sustainable when the assessee...
![Addition made by AO u/s 68 Not sustainable when Assessee has proved identity, Creditworthiness, and Genuineness of Share Capital transactions: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Addition-ITAT-AO-Assessee-sustainable-when-Assessee-has-proved-identity-taxscan.jpg "Addition made by AO u/s 68 Not sustainable when Assessee has proved identity, Creditworthiness, and Genuineness of Share Capital transactions: ITAT [Read Order]")
Due Opportunity shall be provided to Assessee for establishing a case of Non-receipt of Statutory Notices: ITAT set aside Order of CIT(A) [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) held that due opportunity shall be provided to the assessee for establishing a case of non-receipt of the statutory notice. The assessee...
![Due Opportunity shall be provided to Assessee for establishing a case of Non-receipt of Statutory Notices: ITAT set aside Order of CIT(A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Due-Opportunity-Assessee-establishing-Non-receipt-Statutory-Notices-ITAT-Order-CITA-TAXSCAN.jpg "Due Opportunity shall be provided to Assessee for establishing a case of Non-receipt of Statutory Notices: ITAT set aside Order of CIT(A) [Read Order]")