![Income Tax Addition against Company based on Statement of Director during Search cannot be Confirmed without Supporting Evidence: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Income-Tax-Addition-Search-Supporting-Evidence-ITAT-TAXSCAN.jpg "Income Tax Addition against Company based on Statement of Director during Search cannot be Confirmed without Supporting Evidence: ITAT [Read Order]")
Income Tax Addition against Company based on Statement of Director during Search cannot be Confirmed without Supporting Evidence: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench, has recently in an appeal filed before it, held that the addition against a company based on...
![Warner Bros have No PE in India: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Warner-Bros-No-PE-ITAT-Addition-TAXSCAN.jpg "Warner Bros have No PE in India: ITAT deletes Addition [Read Order]")
![Payment received as Non-Compete Fees are taxable under Head of Income from Business & Profession section: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Payment-Payment-received-Non-Compete-Fees-taxable-Income-Business-Profession-ITAT-Taxscan.jpg "Payment received as Non-Compete Fees are taxable under Head of Income from Business & Profession section: ITAT [Read Order]")
![Commodity Transactions carried out during Regular course of Business cannot be treated as Speculative Business: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Commodity-Transactions-Business-Speculative-Business-ITAT-taxscan.jpg "Commodity Transactions carried out during Regular course of Business cannot be treated as Speculative Business: ITAT [Read Order]")
![Interest on Income Tax Refund not connected with PE, Taxable under India Malaysia DTAA: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Income-Tax-Interest-on-Income-Tax-Refund-PE-India-Malaysia-DTAA-ITAT-taxscan.jpg "Interest on Income Tax Refund not connected with PE, Taxable under India Malaysia DTAA: ITAT [Read Order]")
Co-Operative Society Eligible to Claim Deduction of Interest from Deposits in Co-Operative Banks: ITAT [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT), presided over by Judicial Member Vikas Awasthy, decided that the cooperative society is entitled to claim a deduction for said interest...
![Co-Operative Society Eligible to Claim Deduction of Interest from Deposits in Co-Operative Banks: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Co-Operative-Society-Claim-Deduction-of-Interest-Deduction-Deduction-of-Interest-Deposits-Co-Operative-Banks-ITAT-Income-Tax-Taxscan.jpg "Co-Operative Society Eligible to Claim Deduction of Interest from Deposits in Co-Operative Banks: ITAT [Read Order]")
![Income Tax Return Filed after Due Date under Section 80AC: ITAT denies Deduction [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Income-Tax-Return-Filed-after-Due-Date-under-Section-80AC-ITAT-denies-Deduction-TAXSCAN.jpg "Income Tax Return Filed after Due Date under Section 80AC: ITAT denies Deduction [Read Order]")
Bad Debts from Credit Card Business Deductible as Business Loss: ITAT Grants Relief to IndusInd Bank [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT), while allowing relief to IndusInd Bank has held that the bad debts arising from the credit card business shall be allowable as business...
![Bad Debts from Credit Card Business Deductible as Business Loss: ITAT Grants Relief to IndusInd Bank [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Bad-Debts-Bad-Debts-from-Credit-Card-Business-Business-Loss-ITAT-IndusInd-Bank-taxscan.jpg "Bad Debts from Credit Card Business Deductible as Business Loss: ITAT Grants Relief to IndusInd Bank [Read Order]")
Revenue Sharing License Fee paid fixedly for Telecommunication is allowable as Deduction: ITAT restores issue of Vi to AO for Verification [Read Order]
In a significant ruling in the case of Vodafone Idea ltd, the Mumbai Bench of the Income Tax Appellate Tribunal ( ITAT ) has held that the Revenue sharing license fee paid fixedly to the department...
![Revenue Sharing License Fee paid fixedly for Telecommunication is allowable as Deduction: ITAT restores issue of Vi to AO for Verification [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Revenue-License-Fee-Telecommunication-Deduction-ITAT-Vi-Income-Tax-taxscan.jpg "Revenue Sharing License Fee paid fixedly for Telecommunication is allowable as Deduction: ITAT restores issue of Vi to AO for Verification [Read Order]")
Sale of Prepaid Sim Cards / Recharge Vouchers to distributors cannot be treated as Commission to attract S.194H, No TDS: ITAT grants relief to Vi
As a relief to Vodafone Idea ltd, the Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that the Sale of prepaid sim cards/recharge vouchers to distributors cannot be treated as...
Not clear about loss occurred due to Embezzlement by Employees, the claim of Loss made by employee not allowable: ITAT [Read Order]
In the case of Aditya Birla Money Mart Limited, the Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that a claim of Loss made by the branch employee is not allowable when it is not...
![Not clear about loss occurred due to Embezzlement by Employees, the claim of Loss made by employee not allowable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/loss-Embezzlement-claim-employee-ITAT-taxscan.jpg "Not clear about loss occurred due to Embezzlement by Employees, the claim of Loss made by employee not allowable: ITAT [Read Order]")
Losses of Clients cannot be shifted by ABML to assessee Merely because those clients had been sourced or referred by Assessee, Claim under Options Maxima Scheme not allowable: ITAT
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that losses of clients cannot be shifted by ABML to the assessee merely because those clients had been sourced or referred by the...
