![Litigation Expenses incurred by Assesee Company for Recovery of Money from Debtors cannot be Disallowed: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/ITAT-Mumbai-Litigation-Expenses-CITA-Assessee-Section-40aia-Income-Tax-Act-taxsan.jpg "Litigation Expenses incurred by Assesee Company for Recovery of Money from Debtors cannot be Disallowed: ITAT [Read Order]")
Litigation Expenses incurred by Assesee Company for Recovery of Money from Debtors cannot be Disallowed: ITAT [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal (ITAT) held that litigation expenses incurred by Assessee Company for recovery of money from the...
![No Disallowance u/s. 40(a)(ia) on Compliance with Section 194C(6): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/non-maintenance-of-book-of-accounts-ITAT-penalty-book-of-accounts-TAXSCAN.jpg "No Disallowance u/s. 40(a)(ia) on Compliance with Section 194C(6): ITAT [Read Order]")
![No TDS on Discount given to Distributors on Sale of Prepaid Sim Card u/s 194H: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/TDS-Distributors-Prepaid-Sim-Card-ITAT-taxscan.jpeg "No TDS on Discount given to Distributors on Sale of Prepaid Sim Card u/s 194H: ITAT [Read Order]")
![Disallowance u/s 40(a)(ia) not required on Short Deduction Of TDS: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Disallowance-Deduction-TDS-Delhi-HC-taxscan.jpeg "Disallowance u/s 40(a)(ia) not required on Short Deduction Of TDS: Delhi HC [Read Order]")
![Addition made on the basis of Presumption is not Justifiable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/10/Cross-Examination-ITAT-Taxscan.jpg "Addition made on the basis of Presumption is not Justifiable: ITAT [Read Order]")
No TDS If Advance Received towards Professional Fee is Returned: ITAT quashes Re-Assessment [Read Order]
The Hyderabad bench of Income Tax Appellate Tribunal (ITAT) in A.Naga Srinivas v.DCITÂ held that the advance received by the assessee towards his professional fee, when it is returned, is not covered...
![No TDS If Advance Received towards Professional Fee is Returned: ITAT quashes Re-Assessment [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/06/Professional-Fee-TDS-Taxscan.jpg "No TDS If Advance Received towards Professional Fee is Returned: ITAT quashes Re-Assessment [Read Order]")
When Principles of Mutuality are applicable to the Society then Income Can’t be Taxed on the Activities of the Society: ITAT [Read Order]
The Hyderabad bench of the Income Tax Appellate Tribunal ( ITAT ) in M/s. Sri Sai Datta Mutual Aided Co-operative Credit Society vs ACIT, held that the income cannot be taxed on the activities of the...
![When Principles of Mutuality are applicable to the Society then Income Can’t be Taxed on the Activities of the Society: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/ITAT-Ahmedabad.jpg "When Principles of Mutuality are applicable to the Society then Income Can’t be Taxed on the Activities of the Society: ITAT [Read Order]")
Amendment Made by The Finance Act, 2010 in Section 40(a)(ia) of the Income Tax Act is Retrospective in Nature: SC [Read Judgment]
The Supreme Court in CIT vs. M/s. Calcutta Export Company, held that the amendment made to section 40(a)(ia) of the Income Tax Act, 1961 by the Finance Act, 2010 being curative in nature, applies...
![Amendment Made by The Finance Act, 2010 in Section 40(a)(ia) of the Income Tax Act is Retrospective in Nature: SC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/05/Finance-Act-Supreme-Court-Taxscan.jpg "Amendment Made by The Finance Act, 2010 in Section 40(a)(ia) of the Income Tax Act is Retrospective in Nature: SC [Read Judgment]")
Mere Discovery of Under-Assessment cant’ be Reason for Re-Assessment: ITAT grants relief to Idea [Read Order]
While granting relief to Idea, the Mumbai bench of Income Tax Appellate Tribunal ( ITAT ) held that mere discovery of under-assessment cant’ be a reason for Re-Assessment. In instant case Assessing...
![Mere Discovery of Under-Assessment cant’ be Reason for Re-Assessment: ITAT grants relief to Idea [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/04/Idea-Taxscan.jpg "Mere Discovery of Under-Assessment cant’ be Reason for Re-Assessment: ITAT grants relief to Idea [Read Order]")
No TDS since Amount paid to RMCs by Tour Operators for Purchase of Foreign Currency cannot be treated as Commission: ITAT [Read Order]
A division bench of Income Tax Appellate Tribunal, Mumbai recently declared that no TDS can be availed since amount paid to RMCs by Tour operators, for purchase of foreign currency cannot be treated...
![No TDS since Amount paid to RMCs by Tour Operators for Purchase of Foreign Currency cannot be treated as Commission: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/09/Tour-Operators-Service-Tax-Taxscan.jpg "No TDS since Amount paid to RMCs by Tour Operators for Purchase of Foreign Currency cannot be treated as Commission: ITAT [Read Order]")
![Payment for Purchase of Advertisement Materials would not attract TDS: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/09/TDS-Taxscan.jpg "Payment for Purchase of Advertisement Materials would not attract TDS: ITAT [Read Order]")