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...
![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]")
![Notice u/s 143(2) served on Wrong Address invalidates Assessment Order: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Notice-Assessment-Order-ITAT-taxscan.jpg "Notice u/s 143(2) served on Wrong Address invalidates Assessment Order: ITAT [Read Order]")
![Freight Charges received from Transportation of Cargo through Feeder Vessels covered under India–France Tax Treaty, No TDS in India: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Freight-Charges-Transportation-Cargo-Feeder-Vessels-India�France-Tax-Treaty-TDS-ITAT-taxscan.jpeg "Freight Charges received from Transportation of Cargo through Feeder Vessels covered under India–France Tax Treaty, No TDS in India: ITAT [Read Order]")
![Rental Income from IT Park is Income from Business: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/Rental-income-IT-Park-Income-from-Business-ITAT-taxscan.jpeg "Rental Income from IT Park is Income from Business: ITAT [Read Order]")
No Tax Liability on Compensation received towards Interest cost, Insurance cost, Cost of Modification and Validation of the Assets, Warranty, Restating, etc.: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) Mumbai bench has held that no tax liability on compensation received towards interest cost, insurance cost, cost of modification and validation of the assets,...
![No Tax Liability on Compensation received towards Interest cost, Insurance cost, Cost of Modification and Validation of the Assets, Warranty, Restating, etc.: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Tax-Liability-Compensation-Interest-cost-Insurance-cost-Modification-Assets-Warranty-ITAT-taxscan.jpg "No Tax Liability on Compensation received towards Interest cost, Insurance cost, Cost of Modification and Validation of the Assets, Warranty, Restating, etc.: ITAT [Read Order]")
TPO adopts Wrong Gross Profit Margin of Comparable Company: ITAT deletes Transfer Pricing Adjustment on International Transaction [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal ( ITAT ) has held that Transfer Pricing Officer (TPO) adopts wrong Gross Profit Margin of comparable company and deletes Transfer pricing adjustment...
![TPO adopts Wrong Gross Profit Margin of Comparable Company: ITAT deletes Transfer Pricing Adjustment on International Transaction [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/TPO-Gross-Profit-Margin-Company-ITAT-Transfer-pricing-Adjustment-International-Transaction-Taxscan.jpg "TPO adopts Wrong Gross Profit Margin of Comparable Company: ITAT deletes Transfer Pricing Adjustment on International Transaction [Read Order]")
Income Tax: Permanent Establishment of Company fiscally domiciled in UK is not Taxable Unit in India, rules ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench ruled that the Taxable unit is a Foreign Company and not its branch or Permanent Establishment (PE) in India. The assessee, Morgan Stanley...
![Income Tax: Permanent Establishment of Company fiscally domiciled in UK is not Taxable Unit in India, rules ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/05/Income-Tax-PE-of-a-company-ITAT-Taxscan.jpg "Income Tax: Permanent Establishment of Company fiscally domiciled in UK is not Taxable Unit in India, rules ITAT [Read Order]")
ITAT restore issue back to AO to determine eligibility for Deduction of Amount paid as Cess [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench restored the issue back to AO to determine eligibility for deduction of the amount paid as Cess. The assessee, Sulzer Pumps India Limited has...
![ITAT restore issue back to AO to determine eligibility for Deduction of Amount paid as Cess [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/ITAT-AO-eligibility-for-deduction-Cess-Taxscan.jpg "ITAT restore issue back to AO to determine eligibility for Deduction of Amount paid as Cess [Read Order]")
ITAT deletes disallowance on account of Loss on Share Trading as not supported by reasonable basis [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench deleted the disallowance on account of loss on share trading as not supported by a reasonable basis. The assessee, M/s. UBS Securities India...
![ITAT deletes disallowance on account of Loss on Share Trading as not supported by reasonable basis [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/ITAT-disallowance-on-account-of-loss-share-trading-Taxscan.jpg "ITAT deletes disallowance on account of Loss on Share Trading as not supported by reasonable basis [Read Order]")
ITAT directs AO to allow set off of Capital Loss carried forward against Capital Gains earned [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench directed the AO to allow set-off of capital loss carried forward against capital gains earned. The assessee-company, M/s Apollo Finvest...
![ITAT directs AO to allow set off of Capital Loss carried forward against Capital Gains earned [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/01/ITAT-AO-capital-loss-capital-gains-Taxscan.jpg "ITAT directs AO to allow set off of Capital Loss carried forward against Capital Gains earned [Read Order]")