![Income Earned and Declared by Wife on Sale of Jointly-Owned Property not taxable at the hands of Husband: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Income-Earned-and-Declared-by-Wife-on-Sale-of-Jointly-Owned-Property-Income-Earned-and-Declared-Sale-of-Jointly-Owned-Property-Jointly-Owned-Property-taxable-ITAT-Taxscan.jpg "Income Earned and Declared by Wife on Sale of Jointly-Owned Property not taxable at the hands of Husband: ITAT [Read Order]")
Income Earned and Declared by Wife on Sale of Jointly-Owned Property not taxable at the hands of Husband: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has recently held that income earned and declared by the wife on sale of...
![Amount forfeited out of Share Capital is “Capital Receipt”, Not Taxable u/s 56(2)(ix) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Amount-forfeited-Share-Capital-Amount-forfeited-out-of-Share-Capital-Capital-Receipt-Taxable-Income-Tax-Act-ITAT-Income-Tax-taxscan.jpg "Amount forfeited out of Share Capital is “Capital Receipt”, Not Taxable u/s 56(2)(ix) of Income Tax Act: ITAT [Read Order]")
![Sale Proceeds of Land introduced as Share Capital in AOP taxable u/s 45(3): ITAT upholds Addition of Suo Motu Offering for Tax [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Sale-Proceeds-of-Land-Land-Share-Capital-AOP-taxable-ITAT-Suo-Motu-Offering-for-Tax-Suo-Motu-Tax-taxscan-.jpg "Sale Proceeds of Land introduced as Share Capital in AOP taxable u/s 45(3): ITAT upholds Addition of Suo Motu Offering for Tax [Read Order]")
![Gift of Immovable Property to Sister Not Taxable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Gift-of-Immovable-Property-Immovable-Property-Gift-ITAT-Income-Tax-taxscan.jpg "Gift of Immovable Property to Sister Not Taxable: ITAT [Read Order]")
![No PE in India: Uptodate Not Taxable under “Royalty” for Allowing Access to Online Database of Journals and Books, rules ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/PE-Uptodate-Taxable-Royalty-Database-Journals-Books-rules-ITAT-TAXSCAN.jpg "No PE in India: Uptodate Not Taxable under “Royalty” for Allowing Access to Online Database of Journals and Books, rules ITAT [Read Order]")
![Offshore Supply of Escalators and Elevators not Taxable in India: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Offshore-Escalators-Elevators-Taxable-not-Taxable-ITAT-Addition-Income-Tax-Tax-Taxscan.jpg "Offshore Supply of Escalators and Elevators not Taxable in India: ITAT deletes Addition [Read Order]")
No TDS applicable on Race Promotion Contract Fees Taxable at the hands of Payee: ITAT quashes Income Tax Disallowance [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal ( ITAT )has recently quashed the disallowance for payment done in lieu of race promotion contract expenses as the same was taxable at the hands of...
![No TDS applicable on Race Promotion Contract Fees Taxable at the hands of Payee: ITAT quashes Income Tax Disallowance [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/TDS-Race-promotion-contract-Taxable-payee-Income-Tax-Contract-Fees-ITAT-Taxscan.jpg "No TDS applicable on Race Promotion Contract Fees Taxable at the hands of Payee: ITAT quashes Income Tax Disallowance [Read Order]")
![Cash Deposits of Agricultural Income not Taxable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/cash-deposit-agricultural-income-tax-income-tax-ITAT-Taxable-Taxscan.jpg "Cash Deposits of Agricultural Income not Taxable: ITAT [Read Order]")
Interest granted by Court Order on Enhanced Compensation on Land Acquisition from Date of Possession till Judgment Not Taxable: ITAT [Read Order]
The Pune Bench of Income Tax Appellate Tribunal (ITAT) has held that the interest granted by court order on enhanced compensation on land acquisition from the date of possession till the date of...
![Interest granted by Court Order on Enhanced Compensation on Land Acquisition from Date of Possession till Judgment Not Taxable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Interest-Court-Order-Land-Acquisition-Judgment-Taxable-ITAT-TAXSCAN.jpg "Interest granted by Court Order on Enhanced Compensation on Land Acquisition from Date of Possession till Judgment Not Taxable: ITAT [Read Order]")
Machining of Casting is Manufacture and not Business Auxiliary Service, not Taxable: CESTAT [Read Order]
The Ahmedabad Bench of the Customs, Excise and Service Tax Appellate Tribunal ( CESTAT ) comprising Ramesh Nair, Judicial Member and CL Mahar, Technical Member observed that machining of casting is...
![Machining of Casting is Manufacture and not Business Auxiliary Service, not Taxable: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Machining-of-Casting-Business-Auxiliary-Service-Taxable-CESTAT-Customs-Excise-Service-Tax-Tax-Manufacture-taxscan.jpg "Machining of Casting is Manufacture and not Business Auxiliary Service, not Taxable: CESTAT [Read Order]")
Interest received by Office/Overseas Branches Not Taxable under India-France DTAA: ITAT [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal has held that the interest recieved by the officer or overseas branches would not be taxable under India-France DTAA. The assessee, BNP Paribas is...
![Interest received by Office/Overseas Branches Not Taxable under India-France DTAA: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Interest-received-Taxable-India-France-DTAA-ITAT-TAXSCAN.jpg "Interest received by Office/Overseas Branches Not Taxable under India-France DTAA: ITAT [Read Order]")
![Corpus Specific Voluntary Donations of Unregistered Trust are Not Taxable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Donations-Trust-Taxable-ITAT-TAXSCAN.jpg "Corpus Specific Voluntary Donations of Unregistered Trust are Not Taxable: ITAT [Read Order]")