![Payment by Builder/ Developer for Compensation/Damages to Allottees is not Interest u/s 2(28) of Income Tax Act, No TDS: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Payment-Builder-Developer-for-Compensation-Damages-to-Allottees-Interest-Income-Tax-Act-TDS-ITAT-TAXSCAN.jpg "Payment by Builder/ Developer for Compensation/Damages to Allottees is not Interest u/s 2(28) of Income Tax Act, No TDS: ITAT [Read Order]")
Payment by Builder/ Developer for Compensation/Damages to Allottees is not Interest u/s 2(28) of Income Tax Act, No TDS: ITAT [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) held the compensation/damages paid by the assessee to its allottees cannot be tagged as...
![Income Tax Department has no power to levy late fee and interest in respect of TDS as per intimation u/s 200A of IT Act prior to Amendment: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Income-Tax-Department-levy-late-fee-interest-in-respect-TDS-intimation-IT-Act-Amendment-ITAT-taxscan.jpg "Income Tax Department has no power to levy late fee and interest in respect of TDS as per intimation u/s 200A of IT Act prior to Amendment: ITAT [Read Order]")
![No TDS applicable u/s 194C of Income Tax Act towards Casual labour expenses incurred for Road Construction, Crane Hiring and Site Machine Shifting: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/No-TDS-Income-Tax-Act-Casual-labour-expenses-Road-Construction-Crane-Hiring-Site-Machine-Shifting-ITAT-TAXSCAN.jpg "No TDS applicable u/s 194C of Income Tax Act towards Casual labour expenses incurred for Road Construction, Crane Hiring and Site Machine Shifting: ITAT [Read Order]")
![Payment made to Gateway providers are not Brokerage, TDS u/s 194H of Income Tax Act not Applicable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Payment-made-to-Gateway-providers-Brokerage-TDS-Income-Tax-Act-ITAT-Payment-taxscan.jpg "Payment made to Gateway providers are not Brokerage, TDS u/s 194H of Income Tax Act not Applicable: ITAT [Read Order]")
![Transportation of Goods Service by Sub-Contractor Not Taxable as Cargo Handling Services, No Service Tax: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Transportation-of-Goods-Service-by-Sub-Contractor-Not-Taxable-Cargo-Handling-Services-No-Service-Tax-CESTAT-TAXSCAN.jpg "Transportation of Goods Service by Sub-Contractor Not Taxable as Cargo Handling Services, No Service Tax: CESTAT [Read Order]")
Amendment under Finance Act 2015 with regards to TDS on Interest Paid by Cooperative Banks applies Prospectively from 1 june 2015 : ITAT Remands Matter to AO for Re-adjudication [Read Order]
The Bangalore Bench of Income Tax Appellate Tribunal (ITAT) held that amendment made by the Finance Act 2015 is prospective in nature and applicable only from 1 June 2015, and thus remitted the...
![Amendment under Finance Act 2015 with regards to TDS on Interest Paid by Cooperative Banks applies Prospectively from 1 june 2015 : ITAT Remands Matter to AO for Re-adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Amendment-under-Finance-Act-2015-with-regards-to-TDS-on-Interest-Paid-by-Cooperative-Banks-applies-Prospectively-ITAT-Remands-Matter-to-AO-for-Re-adjudication-TAXSCAN.jpeg "Amendment under Finance Act 2015 with regards to TDS on Interest Paid by Cooperative Banks applies Prospectively from 1 june 2015 : ITAT Remands Matter to AO for Re-adjudication [Read Order]")
Change of Opinion does not Constitute Justification to Believe Escapement of Income: Bombay HC quashes Assessment Order against Knight Riders Sports [Read Order]
The Bombay High Court quashed assessment order against Knight Riders Sports Pvt. Ltd, the petitioner and noted that the change of opinion does not constitute justification to believe escapement of...
![Change of Opinion does not Constitute Justification to Believe Escapement of Income: Bombay HC quashes Assessment Order against Knight Riders Sports [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Change-of-Opinion-Constitute-Justification-Believe-Escapement-Income-Bombay-HC-Assessment-Order-Knight-Riders-Sports-TAXSCAN.jpg "Change of Opinion does not Constitute Justification to Believe Escapement of Income: Bombay HC quashes Assessment Order against Knight Riders Sports [Read Order]")
TDS u/s 194C Not applicable on Purchase of Packing Materials for which VAT is Already Paid: ITAT [Read Order]
The Jaipur bench of the Income Tax Appellate Tribunal (ITAT) held that the tax deducted at source (TDS) under Section 194C of the Income Tax Act, 1961 is not applicable on the purchase of the packing...
![TDS u/s 194C Not applicable on Purchase of Packing Materials for which VAT is Already Paid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/TDS-Not-applicable-Purchase-Packing-Materials-VAT-Already-Paid-ITAT-TAXSCAN.jpg "TDS u/s 194C Not applicable on Purchase of Packing Materials for which VAT is Already Paid: ITAT [Read Order]")
No Income Tax Liability on Compensation Awarded by MACT: Kerala HC directs to Refund TDS Deducted [Read Order]
The Kerala High Court directed to refund Tax Deducted at Source (TDS) which was deducted and deposited by the Insurance Company from the compensation paid to the petitioners as no Income Tax...
![No Income Tax Liability on Compensation Awarded by MACT: Kerala HC directs to Refund TDS Deducted [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/No-Income-Tax-Liability-on-Compensation-Awarded-by-MACT-Kerala-HC-dTAXSCAN.jpg "No Income Tax Liability on Compensation Awarded by MACT: Kerala HC directs to Refund TDS Deducted [Read Order]")
TDS u/s 194C(2) Not applicable when No Contractual or Sub-Contractual Relationship exists between JV and its Constituencies: ITAT [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) held that the tax deducted at source under Section 194C(2) of the Income Tax Act, 1961 shall not be applicable when there is no...
![TDS u/s 194C(2) Not applicable when No Contractual or Sub-Contractual Relationship exists between JV and its Constituencies: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/TDS-applicable-when-No-Contractual-or-Sub-Contractual-Relationship-exists-between-JV-and-its-Constituencies-ITAT-TAXSCAN.jpg "TDS u/s 194C(2) Not applicable when No Contractual or Sub-Contractual Relationship exists between JV and its Constituencies: ITAT [Read Order]")
