![Transfer of Shares by Assessee to its wholly-owned Subsidiary can’t be considered as a Gift and just a Circular Transaction to avoid Tax: Madras High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/12/Transfer-of-shares-subsidiary-Gift-Circular-transaction-avoid-tax-Madras-High-Court-Taxscan.jpg "Transfer of Shares by Assessee to its wholly-owned Subsidiary can’t be considered as a Gift and just a Circular Transaction to avoid Tax: Madras High Court [Read Judgment]")
Transfer of Shares by Assessee to its wholly-owned Subsidiary can’t be considered as a Gift and just a Circular Transaction to avoid Tax: Madras High Court [Read Judgment]
The Madras High court said that the Income Tax Appellate Tribunal (ITAT) wrongly held the transfer of shares by the assessee to its wholly-owned...
![Foreign Exchange fluctuation should be treated as operating profit/loss while computing the profit margin: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/12/Foreign-exchange-fluctuation-operating-profit-profit-margin-ITAT-Taxscan.jpg "Foreign Exchange fluctuation should be treated as operating profit/loss while computing the profit margin: ITAT [Read Order]")
![ITAT remits the protective adjustment issue back to AO to decide in the light of the MAP resolution [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/09/ITAT-MAP-resolution-AO-Taxscan.jpg "ITAT remits the protective adjustment issue back to AO to decide in the light of the MAP resolution [Read Order]")
![No separate benchmarking should be done of the outstanding receivable as outstanding receivable are part of the Working Capital: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/09/ITAT-working-capital-Taxscan.jpeg "No separate benchmarking should be done of the outstanding receivable as outstanding receivable are part of the Working Capital: ITAT [Read Order]")
Relocation expenses in respect of Salary paid to employees who traveled abroad for business of American Express needs to be verified, says ITAT
The Income Tax Appellate Tribunal (ITAT), Delhi Bench directed the matter back to the AO for its examination and said that the relocation expenses in respect of salary paid to employees who traveled...
ITAT directs AO to allow Depreciation on Actual Cost of Assets without reducing the amount of Subsidy to Nestle India [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench directed AO to allow depreciation on the actual cost of assets without reducing the amount of subsidy to Nestle India. The assessee company,...
![ITAT directs AO to allow Depreciation on Actual Cost of Assets without reducing the amount of Subsidy to Nestle India [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/07/Nestle-AO-ITAT-Actual-Cost-Taxscan.jpg "ITAT directs AO to allow Depreciation on Actual Cost of Assets without reducing the amount of Subsidy to Nestle India [Read Order]")
Relief to Star India: ITAT directs AO to delete the Disallowance made on Account of Depreciation on Payment of Brand License Fees [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench, in its recent order directed the Assessing Officer (AO) to delete the disallowance made on account of depreciation on payment of brand license...
![Relief to Star India: ITAT directs AO to delete the Disallowance made on Account of Depreciation on Payment of Brand License Fees [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/07/ITAT-AO-disallowance-Star-India-brand-license-fees-Depreciation-Taxscan.jpeg "Relief to Star India: ITAT directs AO to delete the Disallowance made on Account of Depreciation on Payment of Brand License Fees [Read Order]")
Domestic Transaction with AE does not constitute 'Specific Domestic Transactions': ITAT [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) has held that the domestic transactions with an Associate Enterprise (AE) would not constitute “Specific Domestic Transactions” for the...
![Domestic Transaction with AE does not constitute Specific Domestic Transactions: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/07/AE-Domestic-Transcation-ITAT-Taxscan.jpeg "Domestic Transaction with AE does not constitute Specific Domestic Transactions: ITAT [Read Order]")
ITAT deletes Addition since Transaction of Rendering Marketing Services of Channel Placement Rights with Broadcasters was Deductible under Domestic Transfer Pricing provisions [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) in the case of Hathway Cable and Datacom Ltd v DCIT deletes addition on the ground that transaction of rendering marketing services of channel...
![ITAT deletes Addition since Transaction of Rendering Marketing Services of Channel Placement Rights with Broadcasters was Deductible under Domestic Transfer Pricing provisions [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/01/Marketing-Services-Broadcasters-Digital-Cable-Pricing-ITAT-Taxscan.jpg "ITAT deletes Addition since Transaction of Rendering Marketing Services of Channel Placement Rights with Broadcasters was Deductible under Domestic Transfer Pricing provisions [Read Order]")
Section 80IA(4)(ii) of IT Act would still apply even if same undertaking were to expand or add services: Delhi HC dismisses Appeal [Read Order]
In a significant case, the Delhi High Court while dismissing the appeal held that section 80IA(4)(ii) of Income Tax Act would still apply even if the same undertaking were to expand or...
![Section 80IA(4)(ii) of IT Act would still apply even if same undertaking were to expand or add services: Delhi HC dismisses Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Delhi-High-Court-Income-Tax-Act-Delhi-High-Court-dismisses-Appeal-TAXSCAN.jpg "Section 80IA(4)(ii) of IT Act would still apply even if same undertaking were to expand or add services: Delhi HC dismisses Appeal [Read Order]")
Exclusion of Comparables become valid as Failed to Demonstrate Change in Circumstance from Earlier Financial Year: Delhi HC Dismisses Petition of Income Tax Department [Read Order]
The Delhi High Court has held that the exclusion of comparables become valid as failed to demonstrate a change in circumstance from the earlier financial year and dismissed the petition of the Income...
![Exclusion of Comparables become valid as Failed to Demonstrate Change in Circumstance from Earlier Financial Year: Delhi HC Dismisses Petition of Income Tax Department [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Exclusion-Exclusion-of-Comparables-Exclusion-of-Comparables-become-valid-Exclusion-of-Comparables-become-valid-as-Failed-to-Demonstrate-Change-in-Circumstance-taxscan.jpg "Exclusion of Comparables become valid as Failed to Demonstrate Change in Circumstance from Earlier Financial Year: Delhi HC Dismisses Petition of Income Tax Department [Read Order]")