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ITAT Bangalore

Online Video Sales in India Not ‘Royalty’ under India-USA DTAA: ITAT Bangalore

March 3, 2024 762 Views 0 comment Print

ITAT Bangalore rules receipts from the sale of online videos by Plural Sight LLC to Indian clients are not taxable as ‘Royalty’ under India-USA DTAA.

No Section 11(1) Exemption for Memento Expenses to Milk Association Heads

March 3, 2024 822 Views 0 comment Print

Read the full text of the order from ITAT Bangalore regarding denial of exemption under Section 11(1) of the Income Tax Act for expenses incurred on mementos to Presidents and Secretaries of Milk Producers Association.

Amazon India’s Post-Sales Costs Not AMP Expenditure

March 3, 2024 588 Views 0 comment Print

ITAT Bangalore rules that delivery and warranty expenses, being post-sales activities, do not form part of Amazon India’s Advertising, Marketing & Promotion expenditure.

TDS Credit Available in Year Income Reported, Cannot be Deferred to Other Years

February 26, 2024 2448 Views 0 comment Print

Explore the ITAT Bangalore ruling in DCIT vs Cicon Engineers regarding TDS credit, income taxation, and assessment for the year 2017-18. Full order analysis included.

Service tax not paid before return due date disallowable under section 43B

February 20, 2024 3009 Views 0 comment Print

Explore the ITAT Bangalore decision in the Hubli Electricity Supply vs. DCIT Circle-1(1) case for the assessment year 2010-11. Analysis of TDS, service tax, and more.

Cost of funds for earning interest income, assessed under section 56 is allowable

February 20, 2024 1011 Views 0 comment Print

Dive into the ITAT Bangalore judgment – Deepa Credit Co-op vs ITO. Learn about interest income, deduction claims, and the impact on the Assessment Year 2017-18.

ITAT: Interest from Co-op Banks Not Same as Co-op Society, Denies 80P(2)(d) Deduction

February 15, 2024 2496 Views 0 comment Print

ITAT Bangalore rules against deduction under section 80P for interest income from Co-operative Banks, impacting Bantwal Public Employees Consumers Society.

Section 68: Source of Cash Deposit Must Be Examined Before Addition

February 14, 2024 3525 Views 0 comment Print

In the landmark Mudhol Pattina Sahakari Sangh Niyamita vs. ACIT case, ITAT Bangalore held additions under Section 68 need examination of cash deposit source.

No Reassessment for AO’s Oversight Beyond Four Years: ITAT Bangalore

February 14, 2024 1263 Views 0 comment Print

Understand the implications of non-deduction of TDS under section 195(1) of the Income Tax Act, resulting in proposed disallowance under section 40(a)(i) by ITAT Bangalore.

Section 80P(2)(d) Deductions for Statutorily Mandated Investments & Cost of Funds Entitlement

February 14, 2024 975 Views 0 comment Print

ITAT Bangalore remands S. K. Goldsmiths Co-operative Society Ltd.’s case for re-examination of deduction claim under section 80P(2)(d) related to interest from banks.

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