![Payments made by AAI to FAA for assistance and technical cooperation not subject to TDS: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/05/TDS-ITAT-AAI-FAA-Taxscan.jpg "Payments made by AAI to FAA for assistance and technical cooperation not subject to TDS: ITAT [Read Order]")
Payments made by AAI to FAA for assistance and technical cooperation not subject to TDS: ITAT [Read Order]
In a major relief to the Airport Authority of India (AAI), the Income Tax Appellate Authority of India (ITAT), Delhi bench has held that the...
![No TDS applicable if the Threshold Limit of Rs.20k is not satisfied: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/TDS-threshold-limit-ITAT-Taxscan.jpg "No TDS applicable if the Threshold Limit of Rs.20k is not satisfied: ITAT [Read Order]")
Mere Transfer of Possession of Land to Developer under MoU not sufficient to prove ‘Sale’: ITAT Quashes Assessment solely based on TDS Statement [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore bench has recently quashed an assessment merely based on TDS Statement under Form 26AS where the developer paid the TDS amount to the Government...
![Mere Transfer of Possession of Land to Developer under MoU not sufficient to prove ‘Sale’: ITAT Quashes Assessment solely based on TDS Statement [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/Possession-of-Land-MoU-ITAT-TDS-Statement-Taxscan-1.jpg "Mere Transfer of Possession of Land to Developer under MoU not sufficient to prove ‘Sale’: ITAT Quashes Assessment solely based on TDS Statement [Read Order]")
Interest on Late Payment of TDS does not constitute Business Expenditure: ITAT disallows Deduction [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench while disallowing the deduction held that the interest on Late Payment of TDS does not constitute Business Expenditure. The assessee, M/s. New...
![Interest on Late Payment of TDS does not constitute Business Expenditure: ITAT disallows Deduction [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/Interest-Late-Payment-TDS-Business-Expenditure-ITAT-Deduction-taxscan.jpg "Interest on Late Payment of TDS does not constitute Business Expenditure: ITAT disallows Deduction [Read Order]")
![No TDS applicable on Surrogacy payments: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/Surrogacy-payments-TDS-ITAT-taxscan.jpeg "No TDS applicable on Surrogacy payments: ITAT [Read Order]")
Provisional Direct Tax collections for FY 2020-21 show growth of almost 5%: Finance Ministry
​​​​​​The provisional figures of Direct Tax collections for the Financial Year 2020-21 show that net collections are at Rs. 9.45 lakh crore. The net Direct Tax collections include Corporation Tax...
![Relief to Allahabad Bank: ITAT deletes Penalty for TDS Default [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/Allahabad-Bank-TDS-Form-No.-15G-15H-ITAT-Taxscan.jpg "Relief to Allahabad Bank: ITAT deletes Penalty for TDS Default [Read Order]")
Mere recession can’t be cited as an excuse for non-payment of TDS Amount: Delhi Court convicts Prasvnath Developers [Read Order]
The Delhi Court convicted the Prasvnath Developers for delay in depositing the TDS amount on the grounds that the mere recession cannot be cited as an excuse for nonÂpayment of the TDS amount. It...
![Mere recession can’t be cited as an excuse for non-payment of TDS Amount: Delhi Court convicts Prasvnath Developers [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/TDS-Delhi-Court-Prasvnath-Developers-Taxscan.jpg "Mere recession can’t be cited as an excuse for non-payment of TDS Amount: Delhi Court convicts Prasvnath Developers [Read Order]")
Income Tax Return: CBDT discontinues with Excel and Java Version of ITR Utilities, releases JSON Utility for ITR1 & ITR 4 for AY 21-22
The Central Board of Direct Taxes ( CBDT ) discontinued with Excel and Java Version of ITR Utilities, releases JSON Utility for ITR-1 & ITR-4 for Assessment Year 21-22. In order to use offline...
