![Default u/s 201(1) not proved: ITAT deletes Interest levied u/s 201(1A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/ITAT-Default-under-section-201-1-under-section-2011A-Taxscan.jpg "Default u/s 201(1) not proved: ITAT deletes Interest levied u/s 201(1A) [Read Order]")
Default u/s 201(1) not proved: ITAT deletes Interest levied u/s 201(1A) [Read Order]
The Income Tax Appellate Authority (ITAT), New Delhi deletes interest levied under Section 201(IA), when default under Section 201(1) not proved. ...
![Hospitals need to deduct TDS u/s 194J for Payments to Doctors engaged as Retainers and Consultants: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Hospitals-TDS-Payments-Doctors-Retainers-Consultants-ITAT-taxscan.jpeg "Hospitals need to deduct TDS u/s 194J for Payments to Doctors engaged as Retainers and Consultants: ITAT [Read Order]")
![Classification of Product only on the basis of Nomenclature under Customs Tariff Act is Baseless: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Nomenclature-Customs-Tariff-Act-CESTAT-Taxscan.jpeg "Classification of Product only on the basis of Nomenclature under Customs Tariff Act is Baseless: CESTAT [Read Order]")
![TDS on Perquisites and VDA: CBDT Notifies Revised Returns [Read Notification]](https://www.taxscan.in/wp-content/uploads/2022/06/Virtual-Digital-Assets-TDS-VDA-CBDT-Revised-Returns-Taxscan.jpeg "TDS on Perquisites and VDA: CBDT Notifies Revised Returns [Read Notification]")
Income Tax on Virtual Digital Assets: CBDT issues Guidelines on 1% TDS from 1st July [Read Circular]
In a move to levy one percent TDS on the virtual digital assets under section 194S of the Income Tax Act, 1961, the Central Board of Direct Taxes (CBDT) has issued guidelines applicable with effect...
![Income Tax on Virtual Digital Assets: CBDT issues Guidelines on 1% TDS from 1st July [Read Circular]](https://www.taxscan.in/wp-content/uploads/2022/06/Income-Tax-Virtual-Digital-Assets-CBDT-Guidelines-TDS-Taxscan.jpg "Income Tax on Virtual Digital Assets: CBDT issues Guidelines on 1% TDS from 1st July [Read Circular]")
Income Tax Law does not allow Assessee to resort under the Garb of Reimbursement to avoid TDS: Calcutta HC [Read Order]
A division bench of the Calcutta High Court, while considering an issue of applicability of TDS on the entire amounts paid to the agent, held that the Income Tax Act does not grant any exceptional...
![Income Tax Law does not allow Assessee to resort under the Garb of Reimbursement to avoid TDS: Calcutta HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Income-Tax-Law-Garb-of-Reimbursement-TDS-Calcutta-High-Court-Taxscan.jpg "Income Tax Law does not allow Assessee to resort under the Garb of Reimbursement to avoid TDS: Calcutta HC [Read Order]")
![CBDT exempts TDS on Lease Rentals paid to Air Craft Leasing Units located in IFSC [Read Notification]](https://www.taxscan.in/wp-content/uploads/2022/06/Income-Tax-Department-CBDT-TDS-Lease-Rentals-Air-Craft-Leasing-IFSC-taxscan.jpeg "CBDT exempts TDS on Lease Rentals paid to Air Craft Leasing Units located in IFSC [Read Notification]")
Disallowance u/s 40(a)(ia) cannot be made when established that payee has offered Income on Interest payment made by Appellant: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad held that disallowance under Section 40(a)(ia) cannot be made when established that payee has offered income on interest payment made by appellant....
![Disallowance u/s 40(a)(ia) cannot be made when established that payee has offered Income on Interest payment made by Appellant: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Disallowance-payee-income-interest-payment-appellant-ITAT-taxscan.jpg "Disallowance u/s 40(a)(ia) cannot be made when established that payee has offered Income on Interest payment made by Appellant: ITAT [Read Order]")
![Income Tax: CBDT issues Circular regarding Compliance Check Functionality for TDS [Read Circular]](https://www.taxscan.in/wp-content/uploads/2022/06/Income-Tax-CBDT-Circular-Compliance-Check-Functionality-TDS-Techxmedia.jpeg "Income Tax: CBDT issues Circular regarding Compliance Check Functionality for TDS [Read Circular]")