Read all Latest Updates on and about section 250 of the Income Tax Act

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Liaison Office doesn't constitute PE in India, No Income Tax Addition: ITAT [Read Order]

The Mumbai bench of the Income Tax Appellate Tribunal(ITAT) has held that the Liaison office doesn't constitute PE in India and Income tax addition...

Interest expenses u/s 36(1)(iii) not allowable for Utilization of Funds for Investment in Shares of...

Non-Filing of Income Tax Return amounts to Escapement of Income: ITAT upholds Reassessment u/s 147...

Supportive Services with Certificate for Non-Deduction of TDS issued u/s 195(2), Entitled to...

Forfeiture of Earnest Money is Expenditure: ITAT deletes Disallowance [Read Order]

Penalty u/s 271(c) of Income Tax not leviable in Absence of Proper Show Cause Notice to the Assessee: ITAT [Read Order]

The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that the penalty is not leviable in absence of proper show cause notice to the assessee. Zile Singh Kashyap, the assessee...

ITAT Dismisses Appeals as Withdrawn After Assessee Opts for DTVSV Scheme [Read Order]

The Income Tax Appellate Tribunal (ITAT), Patna Bench, has dismissed two appeals filed by the assessee as withdrawn, following his decision to settle the disputes under the Direct Tax Vivad Se...