![ITAT directs readjudication in respect of Agnihotra rituals conducted by assessee trust for getting registration u/s 12AA of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/ITAT-readjudication-Agnihotra-ITAT-directs-readjudication-in-respect-of-Agnihotra-rituals-conducted-by-assessee-taxscan.jpg "ITAT directs readjudication in respect of Agnihotra rituals conducted by assessee trust for getting registration u/s 12AA of Income Tax Act [Read Order]")
ITAT directs readjudication in respect of "Agnihotra" rituals conducted by assessee trust for getting registration u/s 12AA of Income Tax Act [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune bench, directed a reexamination in respect of activities conducted by the assessee trust to obtain...
![Disallowance u/s 14A of Income Tax Act cannot exceed Exempt Income : ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Disallowance-Income-Tax-Act-Income-Tax-Income-ITAT-taxscan.jpg "Disallowance u/s 14A of Income Tax Act cannot exceed Exempt Income : ITAT [Read Order]")
![ITAT upholds disallowance of ‘commission on sales’ for failure to demonstrate actual role played by Commission Agents in procuring sales [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/ITAT-disallowance-commission-on-sales-failure-actual-role-played-by-commission-agents-commission-agents-sales-taxscan.jpg "ITAT upholds disallowance of ‘commission on sales’ for failure to demonstrate actual role played by Commission Agents in procuring sales [Read Order]")
![Advance Payment for Purchase of Land and Deposit in Capital Gain Scheme Account Established: ITAT Dismisses Income Tax Depts Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Advance-Payment-for-Purchase-of-Land-Deposit-in-Capital-Gain-Scheme-Account-Established-Advance-Payment-TAXSCAN.jpg "Advance Payment for Purchase of Land and Deposit in Capital Gain Scheme Account Established: ITAT Dismisses Income Tax Depts Appeal [Read Order]")
![Disallowance u/s 37 cant be made when Details have been furnished by Assessee for Business Promotion Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Disallowance-Details-furnished-by-Assessee-Business-Promotion-Expenditure-ITAT-TAXSCAN.jpg "Disallowance u/s 37 cant be made when Details have been furnished by Assessee for Business Promotion Expenditure: ITAT [Read Order]")
Benefit of ALP falls within Tolerance Band of +/- of 5% as per Section 92C(2) of Income Tax Act: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) held that the benefit of Arm's Length Price (ALP) falls within the tolerance band of +/- of 5% as per Section 92C(2) of the Income Tax Act,...
![Benefit of ALP falls within Tolerance Band of +/- of 5% as per Section 92C(2) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Arms-Length-Price-Benefit-ALP-falls-Tolerance-Band-Income-Tax-Act-ITAT-taxscan.jpg "Benefit of ALP falls within Tolerance Band of +/- of 5% as per Section 92C(2) of Income Tax Act: ITAT [Read Order]")
Receipts of Subscription, Professional and Training Services of Software from Indian customers can not be taxed as Royalty/FTS under India-Netherlands DTAA: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) Delhi bench held that Receipts of subscription, professional and training services of software from Indian Customers could not be taxed as Royalty/Fee for...
![Receipts of Subscription, Professional and Training Services of Software from Indian customers can not be taxed as Royalty/FTS under India-Netherlands DTAA: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Receipts-Subscription-Professional-Training-Services-Software-Indian-customers-taxed-Royalty-FTS-DTAA-ITAT-taxscan.jpg "Receipts of Subscription, Professional and Training Services of Software from Indian customers can not be taxed as Royalty/FTS under India-Netherlands DTAA: ITAT [Read Order]")
Salary Income earned by Indian National not Taxable u/s 9(1) of Income Tax Act as well as under Article 15(1) of India Netherlands DTAA in India: ITAT [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has held that the salary income earned by the Indian National is not taxable under Section 9(1) of the Income Tax Act 1961 as well as under...
![Salary Income earned by Indian National not Taxable u/s 9(1) of Income Tax Act as well as under Article 15(1) of India Netherlands DTAA in India: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Salary-Income-Salary-Income-Salary-Income-earned-by-Indian-National-not-Taxable-ITAT-taxscan.jpg "Salary Income earned by Indian National not Taxable u/s 9(1) of Income Tax Act as well as under Article 15(1) of India Netherlands DTAA in India: ITAT [Read Order]")
If Sales are not Disputed then Cash Deposited out of Sales cannot be Treated as Unexplained Income u/s 68 of Income Tax Act: ITAT [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT), held that the cash deposited out of sales cannot be treated as unexplained income under Section 68 of the Income Tax Act once the sales are...
![If Sales are not Disputed then Cash Deposited out of Sales cannot be Treated as Unexplained Income u/s 68 of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Sales-Disputed-If-Sales-are-not-Disputed-then-Cash-Deposited-out-of-Sales-cannot-be-Treated-as-Unexplained-Income-ITAT-taxscan.jpg "If Sales are not Disputed then Cash Deposited out of Sales cannot be Treated as Unexplained Income u/s 68 of Income Tax Act: ITAT [Read Order]")
No Depreciation Claim u/s 32 of Income Tax Act Allowable in Absence of Carrying Out Business Activities: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) Delhi bench held that depreciation under Section 32 of the Income Tax Act, 1961 should not be allowed on absence of carrying out business activities. ...
![No Depreciation Claim u/s 32 of Income Tax Act Allowable in Absence of Carrying Out Business Activities: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/No-Depreciation-Claim-Depreciation-Income-Tax-Act-Income-Tax-Income-Tax-Act-Allowable-in-Absence-of-Carrying-Out-Business-Activities-ITAT-Taxscan.jpg "No Depreciation Claim u/s 32 of Income Tax Act Allowable in Absence of Carrying Out Business Activities: ITAT [Read Order]")
Interest Amount incurred towards Project Expenses cannot be Deducted from Project Expenses: ITAT upholds order of CIT(A) [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) held that Interest amount incurred towards project expenses not liable to be reduced from project expenses The Revenue appealed against...
![Interest Amount incurred towards Project Expenses cannot be Deducted from Project Expenses: ITAT upholds order of CIT(A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Interest-Interest-Amount-Amount-Interest-Amount-incurred-towards-Project-Expenses-taxscan.jpg "Interest Amount incurred towards Project Expenses cannot be Deducted from Project Expenses: ITAT upholds order of CIT(A) [Read Order]")
Disallowed TDS Credit cannot be Added Twice to Income of Assessee as it Amounts to Double Addition: ITAT [Read Order]
The New Delhi bench of the Income Tax Appellate Tribunal (ITAT) held that the disallowed Tax Deducted at Source (TDS) credit cannot be added twice to the income of the assessee as it amounts to...
![Disallowed TDS Credit cannot be Added Twice to Income of Assessee as it Amounts to Double Addition: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/credit-income-Disallowance-assessee-ITAT-TDS-Disallowed-TDS-Credit-income-tax-taxscan-1.jpg "Disallowed TDS Credit cannot be Added Twice to Income of Assessee as it Amounts to Double Addition: ITAT [Read Order]")