![NRI Assessee is Eligible for Beneficial Rate of Tax on Interest Income during Calculation of Tax Amount under India-USA Tax Treaty: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/NRI-Assessee-is-Eligible-for-Rate-of-Tax-on-Interest-Income-during-Calculation-of-Tax-Amount-under-India-USA-Tax-Treaty-ITAT-TAXSCAN.jpg "NRI Assessee is Eligible for Beneficial Rate of Tax on Interest Income during Calculation of Tax Amount under India-USA Tax Treaty: ITAT [Read Order]")
NRI Assessee is Eligible for Beneficial Rate of Tax on Interest Income during Calculation of Tax Amount under India-USA Tax Treaty: ITAT [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) held that the non-resident Indian assessee was eligible for a beneficial rate of tax...
![Ignorance that Income Earned from Partnership Liable to Tax not Reasonable Cause for Late Filing of ITR: ITAT Upholds Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Ignorance-Income-Earned-Income-Earned-from-Partnership-Partnership-Income-Liable-to-Tax-tax-Reasonable-Cause-for-Late-Filing-Late-Filing-Late-Filing-of-ITR-ITR-ITAT-Upholds-Penalty-ITAT-Penalty-taxscan.jpg "Ignorance that Income Earned from Partnership Liable to Tax not Reasonable Cause for Late Filing of ITR: ITAT Upholds Penalty [Read Order]")
![Remission of 50% of Disputed Tax: Madras HC stays Condition of Furnishing of Bank Guarantee [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Remission-of-50-of-Disputed-Tax-Disputed-Tax-Tax-Madras-High-Court-Madras-High-Court-stays-Condition-of-Furnishing-of-Bank-Guarantee-Bank-Guarantee-Taxscan.jpg "Remission of 50% of Disputed Tax: Madras HC stays Condition of Furnishing of Bank Guarantee [Read Order]")
Kerala HC quashes Property Tax Demand without Assessment of Property under Kerala Panchayat Raj Act [Read Order]
In a recent judgment the Kerala High Court quashed the property tax demand made without assessment of property under the Kerala Panchayat Raj Act, 1994. The petitioner, Mohammed Kabeer had...
![Kerala HC quashes Property Tax Demand without Assessment of Property under Kerala Panchayat Raj Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Kerala-High-Court-Kerala-HC-quashes-Property-Tax-Demand-Property-Tax-Demand-Tax-Demand-Tax-Demand-Assessment-of-Property-Assessment-Kerala-Panchayat-Raj-Act-Panchayat-Raj-Act-taxscan.jpg "Kerala HC quashes Property Tax Demand without Assessment of Property under Kerala Panchayat Raj Act [Read Order]")
Demand of Service Tax Based on Audit Report of IOCL and Income Tax Department’s Information from Form 26AS is not Valid: CESTAT [Read Order]
The Kolkata bench of the Customs, Excise and Service Tax Appellate Tribunal( CESTAT) has held that the demand for service tax based on the audit report of Indian Oil Corporation Ltd(IOCL) which is a...
![Demand of Service Tax Based on Audit Report of IOCL and Income Tax Department’s Information from Form 26AS is not Valid: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Demand-Service-Tax-Based-Audit-Report-of-IOCL-Income-Tax-Departments-information-CESTAT-service-tax-audit-report-income-tax-income-tax-department-Form-26AS-is-not-Valid-valid-taxscan.jpg "Demand of Service Tax Based on Audit Report of IOCL and Income Tax Department’s Information from Form 26AS is not Valid: CESTAT [Read Order]")
CBDT Revises Exemptions to Monetary Limits for Filing Appeals u/s 158AB of Income Tax Act [Read Circular]
The Central Board of Direct Taxes (CBDT) revised the exemptions to monetary limits for filing appeals under Section 158AB of the Income Tax Act, 1961. The notification clarifies that in cases were...
![CBDT Revises Exemptions to Monetary Limits for Filing Appeals u/s 158AB of Income Tax Act [Read Circular]](https://www.taxscan.in/wp-content/uploads/2023/06/CBDT-Revises-Exemptions-to-Monetary-Limits-for-Filing-Appeals-CBDT-Monetary-Limits-Filing-Appeals-Appeals-Income-Tax-Act-Income-Tax-Tax-Taxscan.jpg "CBDT Revises Exemptions to Monetary Limits for Filing Appeals u/s 158AB of Income Tax Act [Read Circular]")
No Penalty u/s 271AAA on Surrendered Income without Statement recorded under Income Tax Act: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi bench has held that penalty under Section 271AAA of the Income Tax Act, 1961 shall not be attracted on the income surrendered by the assessee if the...
![No Penalty u/s 271AAA on Surrendered Income without Statement recorded under Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Penalty-No-Penalty-Surrendered-Income-Surrendered-Income-without-Statement-recorded-under-Income-Tax-Act-Income-Tax-Act-Income-Tax-Tax-ITAT-taxscan.jpg "No Penalty u/s 271AAA on Surrendered Income without Statement recorded under Income Tax Act: ITAT [Read Order]")
Sale Consideration of Agricultural Land Assessed to Tax without Adjusting the Cost of Acquisition: Delhi HC dismisses Petition, Directs to Seek Statutory Remedy [Read Order]
The Delhi High Court directed to seek statutory remedy on the allegation that the sale consideration of agricultural land was assessed to tax without adjusting the cost of acquisition. Om Parkash,...
![Sale Consideration of Agricultural Land Assessed to Tax without Adjusting the Cost of Acquisition: Delhi HC dismisses Petition, Directs to Seek Statutory Remedy [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Sale-Consideration-of-Agricultural-Land-Sale-Consideration-Agricultural-Land-Tax-Adjusting-the-Cost-of-Acquisition-Cost-of-Acquisition-Delhi-HC-dismisses-Petition-Delhi-High-Court-taxscan.jpg "Sale Consideration of Agricultural Land Assessed to Tax without Adjusting the Cost of Acquisition: Delhi HC dismisses Petition, Directs to Seek Statutory Remedy [Read Order]")