Courts: ITAT Bangalore
Find latest ITAT Bangalore judgments, orders and case laws on income tax covering assessments, transfer pricing, deductions, capital gains, TDS, reassessment and penalties.
NO TP adjustment for expense already disallowed by Assessee
AO cannot apply section 14A provisions without examining correctness of workings furnished by assessee
Receipts on sale of software not taxable as royalty
Membership fee & legal fund paid to FIMI allowable as Business Expense to Mining Company
TDS not deductible on payment to Facebook Ireland & Mailchimp US for Advertisement
Payments for computer software sold/licenced on a CD/other physical media cannot be classed as a royalty
Consideration for sale of software with associated hardware cannot be treated as royalty
Receipts for sale of software licenses & provision of ancillary support services cannot be assessed as royalty income
Corporate guarantee for supplies to AE in Singapore Falls under TP
Assessee can object to inclusion/exclusion of companies at appellate proceedings stage
No section 56(2)(vi) addition for Gift received from brother-in-law
Section 194LA TDS not attracted if it is not possible to quantify value in monetary terms
Mere filing of voluminous correspondence, reports etc. not a proper compliance
Functionally different company cannot be included in List of Comparables
ITAT Bangalore judgments and orders form an important body of income-tax appellate jurisprudence. This page brings together ITAT Bangalore case laws concerning assessments, business income, deductions, exemptions, transfer pricing, international taxation, capital gains, TDS, reassessment, unexplained income, penalties and procedural disputes. Companies, taxpayers, Chartered Accountants, advocates and tax professionals can use this collection to research Tribunal precedents and follow developments under the Income-tax Act. TaxGuru provides access to recent as well as significant earlier ITAT Bangalore decisions, making this page a useful reference for direct tax research and appellate practice.
