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Section 234D

Latest Articles


Interest under section 234D of the Income Tax Act

Income Tax : Due to any reason, in case the income tax department makes an excess refund to the taxpayer. Such taxpayer will have to return the...

August 10, 2021 14292 Views 1 comment Print

Section 234D Interest with other relevant aspects

Income Tax : Section 234D in Income Tax Act, 1961 was introduced in the act to cover those situations where the refund was issued to the assess...

January 16, 2021 5916 Views 0 comment Print


Latest Judiciary


Foreign allowance for services rendered outside India is not taxable in India: ITAT Kolkata

Income Tax : ITAT Kolkata held that foreign allowance received by a non-resident outside India for services rendered outside India does not fal...

August 1, 2024 270 Views 0 comment Print

Agreement to sell coupled with possession constituted a valid transfer for Section 54

Income Tax : ITAT held that agreement to sell coupled with possession constituted a valid transfer for the purposes of claiming deduction under...

July 30, 2024 783 Views 0 comment Print

Receipts from Indian customers for services provided outside India relating to right to use of process not taxable: Delhi HC

Income Tax : Delhi High Court held that the receipts from Indian customers for services provided outside Indian Territory, in connection with u...

July 29, 2024 369 Views 0 comment Print

Section 270AA Penalty Immunity Application Cannot Be Rejected on Insufficient Grounds or Vague SCNs

Income Tax : Delhi High Court judgment on GE Capital vs. DCIT, distinguishing under-reporting and misreporting as separate offenses, resulting ...

June 13, 2024 687 Views 0 comment Print

ITAT upholds profit earned in foreign currency determined by Assessee under Rule 115

Income Tax : ITAT Mumbai rules in favor of Anurag Chandra, validating the method of declaring foreign profit after currency conversion. Additio...

June 7, 2024 654 Views 0 comment Print


Latest Posts in Section 234D

Foreign allowance for services rendered outside India is not taxable in India: ITAT Kolkata

August 1, 2024 270 Views 0 comment Print

ITAT Kolkata held that foreign allowance received by a non-resident outside India for services rendered outside India does not fall within the scope of total income under section 5(2) of the Income Tax Act.

Agreement to sell coupled with possession constituted a valid transfer for Section 54

July 30, 2024 783 Views 0 comment Print

ITAT held that agreement to sell coupled with possession constituted a valid transfer for the purposes of claiming deduction under Section 54.

Receipts from Indian customers for services provided outside India relating to right to use of process not taxable: Delhi HC

July 29, 2024 369 Views 0 comment Print

Delhi High Court held that the receipts from Indian customers for services provided outside Indian Territory, in connection with use or right to use of process or equipment by the assessee company, cannot be taxed as royalty as per section 9(l)(vi) of the Income Tax Act.

Section 270AA Penalty Immunity Application Cannot Be Rejected on Insufficient Grounds or Vague SCNs

June 13, 2024 687 Views 0 comment Print

Delhi High Court judgment on GE Capital vs. DCIT, distinguishing under-reporting and misreporting as separate offenses, resulting in quashed penalty. Full text analysis.

ITAT upholds profit earned in foreign currency determined by Assessee under Rule 115

June 7, 2024 654 Views 0 comment Print

ITAT Mumbai rules in favor of Anurag Chandra, validating the method of declaring foreign profit after currency conversion. Addition deleted in appeal. Learn more.

CRM Services Receipts Not Taxable as Royalty or FTS: ITAT Delhi

June 4, 2024 291 Views 0 comment Print

In the case of Salesforce.com Singapore Pte Ltd. vs ACIT, ITAT Delhi ruled that receipts from CRM services aren’t taxable in India as royalty or FTS under the Income-tax Act or India-Singapore DTAA.

Consider Volume Discount & Geographic Price Variation in TP Adjustment: ITAT Ahmedabad

May 8, 2024 258 Views 0 comment Print

Ahmedabad ITAT’s order in Atul Limited vs DCIT case discusses TP adjustments, volume discount, geography adjustments, and more. Detailed analysis provided.

ITAT allowed additional depreciation claim of Rs. 49.5 cr notwithstanding Authorities failed to appreciate Amended Provision of S. 36(1) (iia)

April 12, 2024 474 Views 0 comment Print

Tribunal allowed a claim of Rs. 49.5 crore in the interest of Principle of Natural Justice after finding that the respective authorities failed to appreciate the amended provision of Section 36(1)(iia) of the Income Tax Act, 1961, resulting in the denial of an additional depreciation claim.

Exclusion of Comparables Unjustified if Financial Data Can Be Reasonably Extrapolated: ITAT

March 3, 2024 546 Views 0 comment Print

ITAT Mumbai rules that comparables cannot be excluded if their financial data can be reasonably extrapolated, in Syngenta Services Private Limited’s case.

Subscription, professional and training services not FTS hence not taxable: ITAT Delhi

February 13, 2024 624 Views 0 comment Print

ITAT Delhi held that subscription, professional and training services rendered by the assessee do not fall within the definition of FTS under India-Netherland DTAA and, therefore, cannot be taxed in India.

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