![Interest amount paid by Indian branch to Foreign Head Office is not taxable in India under India France DTAA: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Interest-amount-paid-by-Indian-branch-to-Foreign-Head-Office-taxable-in-India-under-India-France-DTAA-ITAT-TAXSCAN.jpg "Interest amount paid by Indian branch to Foreign Head Office is not taxable in India under India France DTAA: ITAT [Read Order]")
Interest amount paid by Indian branch to Foreign Head Office is not taxable in India under India France DTAA: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) Mumbai bench held that the interest amount paid by the Indian Branch to Foreign Head office was not taxable...
![Rate of tax applicable to Domestic Banking Companies are not Same as Foreign Banking Company: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Rate-of-tax-applicable-to-Domestic-Banking-companies-Foreign-Banking-Company-ITAT-TAXSCAN.jpg "Rate of tax applicable to Domestic Banking Companies are not Same as Foreign Banking Company: ITAT [Read Order]")
![Taxability of Data Processing Fees paid by assessee to its overseas branch cannot treated as FTS as per India-France DTAA: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Taxability-of-Data-Processing-Fees-assessee-to-its-overseas-branch-treated-as-FTS-as-per-India-France-DTAA-ITAT-TAXSCAN.jpg "Taxability of Data Processing Fees paid by assessee to its overseas branch cannot treated as FTS as per India-France DTAA: ITAT [Read Order]")
![ITAT deletes Addition made u/s 69B of Income Tax Act towards Inflated Cost of Crane in Agreement merely to avail higher Banking Loan facility for financing of Crane [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/ITAT-deletes-Addition-ITAT-Income-Tax-Act-Crane-Crane-in-Agreement-Banking-Loan-financing-of-Crane-taxscan-.jpg "ITAT deletes Addition made u/s 69B of Income Tax Act towards Inflated Cost of Crane in Agreement merely to avail higher Banking Loan facility for financing of Crane [Read Order]")
![Delayed remittance of employees’ contribution due to mis-utilization of funds: ITAT upholds disallowance [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Delayed-remittance-of-employees-contribution-delayed-remittance-employees-contribution-mis-utilization-of-funds-ITAT-upholds-disallowance-ITAT-taxscan.jpg "Delayed remittance of employees’ contribution due to mis-utilization of funds: ITAT upholds disallowance [Read Order]")
Deduction u/s 10A of Income Tax Act has to be computed before set off or Carry Forward of Business Loss and Depreciation: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) Mumbai bench held that deduction under section 10A of the Income Tax Act, 1961 has to be computed before setoff carry forward business loss and depreciation....
![Deduction u/s 10A of Income Tax Act has to be computed before set off or Carry Forward of Business Loss and Depreciation: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Deduction-of-Income-Tax-Act-Carry-Forward-of-Business-Loss-Depreciation-ITAT-Income-Tax-taxscan.jpg "Deduction u/s 10A of Income Tax Act has to be computed before set off or Carry Forward of Business Loss and Depreciation: ITAT [Read Order]")
Allegation of under Statement of Revenue in P&L account is Baseless as TDS is Deducted on VAT Amount: ITAT quashes Revisionary Order [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) held that the allegation of Principal Commissioner of Income Tax (PCIT) that the assessee has under stated the revenue shown in ...
![Allegation of under Statement of Revenue in P&L account is Baseless as TDS is Deducted on VAT Amount: ITAT quashes Revisionary Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Allegation-Allegation-of-under-Statement-of-Revenue-Revenue-P-L-account-TDS-taxscan.jpg "Allegation of under Statement of Revenue in P&L account is Baseless as TDS is Deducted on VAT Amount: ITAT quashes Revisionary Order [Read Order]")
When Property claimed differs from Property referred in Sale Agreement, benefit u/s 54 of Income Tax Act can't be attracted: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) held that when the property claimed is different from the property referred to in the sale agreement then benefit under Section 54 of the...
![When Property claimed differs from Property referred in Sale Agreement, benefit u/s 54 of Income Tax Act cant be attracted: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Property-Property-Sale-Agreement-Income-Tax-Act-ITAT-TAXSCAN.jpg "When Property claimed differs from Property referred in Sale Agreement, benefit u/s 54 of Income Tax Act cant be attracted: ITAT [Read Order]")
Non-reply to Notice due to miscommunication between assessee and Tax Consultant: ITAT directs CIT(A) Denovo Adjudication [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has directed the Commissioner of Income Tax Appeals (CIT(A)) denovo adjudication as the non-reply to the notice was due to some...
![Non-reply to Notice due to miscommunication between assessee and Tax Consultant: ITAT directs CIT(A) Denovo Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Non-reply-to-notice-notice-miscommunication-assessee-Tax-Consultant-ITAT-taxscan.jpg "Non-reply to Notice due to miscommunication between assessee and Tax Consultant: ITAT directs CIT(A) Denovo Adjudication [Read Order]")
Withdrawal of Amount from Bank Account for Purchase of Property and Redeposit of same Bank as Purchase Deal not Fructified: ITAT deletes addition u/s 68 [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has deleted the addition under Section 68 of the Income Tax Act 1961 as the amount from bank account for property was deposited but redeposited...
![Withdrawal of Amount from Bank Account for Purchase of Property and Redeposit of same Bank as Purchase Deal not Fructified: ITAT deletes addition u/s 68 [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Withdrawal-Amount-Bank-Account-Withdrawal-of-Amount-from-Bank-Account-for-Purchase-of-Property-taxscan.jpg "Withdrawal of Amount from Bank Account for Purchase of Property and Redeposit of same Bank as Purchase Deal not Fructified: ITAT deletes addition u/s 68 [Read Order]")
Books of Accounts Prepared u/s 115JB r.w.s 211(2) of Companies Act not Applicable: ITAT Grants Exemption to ICICI Bank [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has granted exemption to ICICI Bank as books of accounts prepared under Section 115JB read with Section 211(2) of the Companies Act are not...
![Books of Accounts Prepared u/s 115JB r.w.s 211(2) of Companies Act not Applicable: ITAT Grants Exemption to ICICI Bank [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Books-of-Accounts-Prepared-Companies-Act-not-Applicable-ITAT-Grants-Exemption-to-ICICI-Bank-TAXSCAN.jpg "Books of Accounts Prepared u/s 115JB r.w.s 211(2) of Companies Act not Applicable: ITAT Grants Exemption to ICICI Bank [Read Order]")
Inadvertent Error in statement during Hearing cannot be Reason for Levy of penalty u/s 272(1)(c) of Income Tax Act: ITAT quashes Penalty against Kotak Mahindra Bank [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal (ITAT) quashed penalty on the grounds that an inadvertent error in statement made by the assessee during Hearing cannot be Reason for Levy of penalty...
![Inadvertent Error in statement during Hearing cannot be Reason for Levy of penalty u/s 272(1)(c) of Income Tax Act: ITAT quashes Penalty against Kotak Mahindra Bank [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Inadvertent-Error-in-statement-during-Hearing-cannot-be-Reason-for-Levy-of-penalty-Income-Tax-Act-ITAT-quashes-Penalty-against-Kotak-Mahindra-Bank-TAXSCAN.jpg "Inadvertent Error in statement during Hearing cannot be Reason for Levy of penalty u/s 272(1)(c) of Income Tax Act: ITAT quashes Penalty against Kotak Mahindra Bank [Read Order]")