Partners Entitled to Interest on Their Loan Accounts with Firm at Rates as Prescribed under Income Tax Act: ITAT upholds Deletion of Addition made u/s 68
The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has recently, in an appeal filed before it, while upholding the deletion of addition made...
![TDS u/s 195 Not Applicable on Reimbursement of Allowances to Employees Deputed Outside India: ITAT Grants Relief to PII [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/TDS-Reimbursement-of-Allowances-to-Employees-Reimbursement-of-Allowances-ITAT-PII-taxscan-.jpg "TDS u/s 195 Not Applicable on Reimbursement of Allowances to Employees Deputed Outside India: ITAT Grants Relief to PII [Read Order]")
![Distributor Not Required to Deduct TDS on Payment of Turnover Discount to Dealers u/s 194H of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Distributor-TDS-on-Payment-TDS-Payment-Turnover-Discount-to-Dealers-Income-Tax-Act-ITAT-taxscan.jpg "Distributor Not Required to Deduct TDS on Payment of Turnover Discount to Dealers u/s 194H of Income Tax Act: ITAT [Read Order]")
![Accrual of Payment and Actual Act of Making Payment must Both Exist for TDS to be Made: ITAT Deletes Addition u/s 40(a)(ia) [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Accrual-of-Payment-Actual-Act-TDS-ITAT-Addition-Taxscan-1.jpg "Accrual of Payment and Actual Act of Making Payment must Both Exist for TDS to be Made: ITAT Deletes Addition u/s 40(a)(ia) [Read Order]")
![Interest paid on delayed payment of TDS not penal in nature: ITAT Allows Deduction u/s 37 [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Interest-payment-TDS-nature-ITAT-Deduction-TAXSCAN.png "Interest paid on delayed payment of TDS not penal in nature: ITAT Allows Deduction u/s 37 [Read Order]")
Interest paid on Delayed TDS Payment is Compensatory in Nature: ITAT allows deduction u/s 37(1) [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has allowed deduction under Section 37(1) of the Income Tax Act 1961 holding that the interest paid on delayed Tax Deducted at Source (TDS)...
![Interest paid on Delayed TDS Payment is Compensatory in Nature: ITAT allows deduction u/s 37(1) [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Interest-paid-TDS-Payment-ITAT-TAXSCAN.jpg "Interest paid on Delayed TDS Payment is Compensatory in Nature: ITAT allows deduction u/s 37(1) [Read Order]")
TDS u/s 194IA Applicable Only When Consideration for Transfer of Immovable Property is More than Rs.50 lacs: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Jodhpur Bench, has recently, in an appeal filed before it, held that TDS under section 194IA is applicable, only when consideration for transfer immovable...
![TDS u/s 194IA Applicable Only When Consideration for Transfer of Immovable Property is More than Rs.50 lacs: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/TDS-Consideration-Transfer-of-Immovable-Property-Immovable-Property-ITAT-Income-Tax-taxscan.jpg "TDS u/s 194IA Applicable Only When Consideration for Transfer of Immovable Property is More than Rs.50 lacs: ITAT [Read Order]")
![No TDSÂ to be Deducted on Payments made to HUDA for EDC: ITAT upholds Decision [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/TDS-Payments-HUDA-EDC-ITAT-taxscan.jpg "No TDSÂ to be Deducted on Payments made to HUDA for EDC: ITAT upholds Decision [Read Order]")
TDS Available in Income Reported Year should not be Deferred to some other Assessment Year u/s 199(3) r.w. Rule 37BA (3): ITAT [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has held that Tax Deducted at Source (TDS) available in the year in which Income had been reported should not be deferred to some other...
![TDS Available in Income Reported Year should not be Deferred to some other Assessment Year u/s 199(3) r.w. Rule 37BA (3): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/TDS-Income-Assessment-Year-ITAT-Taxscan.jpg "TDS Available in Income Reported Year should not be Deferred to some other Assessment Year u/s 199(3) r.w. Rule 37BA (3): ITAT [Read Order]")
Jharkhand HC quashes Prosecution for illegal TDS deduction against Finance Advisor who is neither an employee of HEC Ltd
The Jharkhand High Court quashed the prosecution for illegal TDS deduction against the finance advisor who is neither an employee of HEC Ltd. S.M. Jain, the petitioner filed the criminal misc....
![No TDS on Payments made to Oilstone UAE in the absence of FTS in Indo-UAE DTAA: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/TDS-Payments-Oilstone-UAE-FTS-Indo-UAE-DTAA-ITAT-Income-Tax-Tax-taxscan.jpg "No TDS on Payments made to Oilstone UAE in the absence of FTS in Indo-UAE DTAA: ITAT [Read Order]")
