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.
ITAT directs to allow risk adjustment on the comparables margin vis-a-vis the taxpayer’s
S. 195 Withholding of tax not required on salary of seconded employee reimbursed to a foreign company since such payment is not for rendering technical services
No Disallowance U/s. 40(a)(ia) if TDS been Paid Before due date of Income Tax Return
Assessee can choose between treaty rate & 115A
S.195A not bar oral agreements or arrangements for payment of tax free incomes
Loss from windmill business can be set off against other heads of income
Transfer Pricing – TPO can rely on ‘contemporaneous’ data even if not available at specified date – ITAT Bangalore
Brought Forward business Loss can not be set off against Capital Loss on sale of Depreciable Business Assets
Section 80IA(5)- Once the set off Loss & Depreciation of eligible unit prior to initial assessment year has taken place in an earlier year against the other income, the Revenue cannot rework the set off amount and bring it notionally
Transfer Pricing- Excess Earnings Method (EEM), is appropriate method to determine arm’s length price of transaction of sale of Intangible Property and the method construes Comparable Uncontrolled Price (CUP) method
Interest under section 234C not leviable where the cheques were deposited in time but encashed after due dates
To qualify as agricultural income, it is necessary for an operation to be carried on soil
Expenses incurred on account of premature vacation of leased premises and on construction of temporary structures of leased premises are business expenditure
For Computing deduction u/s. 10A up-linking charges out of telecommunication expenses to be deducted from both export turnover and the total turnover
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.
