Follow Us:

All ITAT

Section 56(2)(x): Consider Stamp duty value on agreement date – ITAT Kolkata

March 27, 2024 1914 Views 0 comment Print

ITAT Kolkata scrutinized the provisions of section 56(2)(x) of the Income Tax Act, 1961, and observed that the AO had not considered the stamp duty valuation of the property on the date of agreement, which was in 2015. As per the proviso to the section, the stamp duty value on the date of agreement should have been taken into account.

ITAT Directs AO to Verify & Allow Assessee’s Depreciation Claim on Assets from Demerged Company

March 27, 2024 537 Views 0 comment Print

In the case of DCIT Vs Avichal Buildcon Pvt. Ltd., ITAT Delhi allows depreciation claim under section 80IC for building, factory, furniture, and plant machinery blocks, settling a crucial taxation dispute.

ITAT quashes Section 263 revision order in absence of any invalidity in JDA amendment 

March 27, 2024 612 Views 0 comment Print

Read the full text of the ITAT Ahmedabad order where the revision order against Rameshlal Bullchand Ambwani is quashed due to lack of valid reasons for JDA amendment.

Mere classification of a supplier as a “bogus concern” doesn’t invalidate transactions outright

March 27, 2024 1116 Views 0 comment Print

Explore case of Polyspin Filteration India Pvt. Ltd. vs ITO, Delhi, shedding light on legal principle that VAT authorities’ classification of a supplier as bogus doesn’t automatically invalidate transactions, requiring factual scrutiny.

Section 270A(9)(a) Penalty Cannot be Levied for Adhoc Disallowance of Expenditure

March 27, 2024 4611 Views 0 comment Print

VDB Infra vs. ITO: ITAT Bangalore case involves TDS deduction dispute resulting in penalty deletion under Section 270A(9)(a) by the tribunal.

Section 155(14) cannot limit TDS credit if income is disclosed in ITR

March 27, 2024 4380 Views 0 comment Print

In the case of Dassault Systems Simulia Corp Vs DCIT, ITAT Chennai rules that Section 155(14) cannot limit TDS credit if income is disclosed in ITR, allowing full credit as per Form 26AS.

Software Sales Not Royalty Income under India-Japan DTAA: ITAT Delhi

March 27, 2024 1056 Views 0 comment Print

Analysis of ITAT Delhi’s ruling: Sale of software products not taxable as royalty under India-Japan DTAA, citing Engineering Analysis case. Details of DCIT Vs Dassault Systems Biovia K.K.

ITAT directs CIT(A) to Condone 857-Day Delay considering change in residence & age

March 27, 2024 1128 Views 0 comment Print

ITAT Chennai directs condonation of delay in appeal filing due to valid reasons including 56 pre-COVID days, advancing substantial justice.

ITAT upholds addition of share capital & share premium under Section 68

March 27, 2024 924 Views 0 comment Print

Read about the ITAT Kolkata’s decision to uphold the addition of share capital and premium under Section 68 for Invorex Trading Pvt. Ltd. vs ITO. Get insights into the case and its implications.

TDS u/s. 195 not deductible on expense of management and marketing support service paid to foreign company: ITAT Delhi

March 27, 2024 2580 Views 0 comment Print

ITAT Delhi held that expense towards management and marketing support service paid to foreign company is not taxable under Fee for Technical Service (FTS) under India-Netherlands Double Taxation Avoidance Agreement (DTAA) and hence TDS not deductible u/s. 195 of the Income Tax Act.

Search Post by Date
June 2026
M T W T F S S
1234567
891011121314
15161718192021
22232425262728
2930