Taxation

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Taxation

Liability to Deduct TDS u/s 201 of IT Act is a Vicariou...

Liability to Deduct TDS u/s 201 of IT Act is a Vicarious Liability

The ITAT Mumbai passed a judgement dated 9th November 2022 in the case titled ICICI Securities Limited versus Income Tax Officer, International Taxati...

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ITAT

SC’s Recent Judgment on Revaluation of Capital Assets...

SC’s Recent Judgment on Revaluation of Capital Assets

The Supreme Court's decision, with Justices M.R. Shah and M.M. Sundresh sitting on the divisional bench, ruled that Section 45(4) of the Income Tax Act app...

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ITAT

Legal Expenses Allowed As Business Expenditure under Se...

Legal Expenses Allowed As Business Expenditure under Section 37 of IT Act

The Chennai Income Tax appellate tribunal in the case of Kalaignar TV (P.) Ltd. v. Assistant Commissioner of Income-tax 2022 has remanded the matter back t...

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Taxation

Deletion of Additions Allowed If Transactions are Genui...

Deletion of Addition Allowed If Genuineness of Transaction Is Proved: ITAT Delhi

The Income Tax Appellate Tribunal of Delhi pronounced a judgement on 25th October 2022 in the case titled DCIT Vs. Intuitent Online Venture...

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ITAT

Premium on Redemption of Preference Shares Is Not Accru...

Premium on Redemption of Preference Shares Is Not Accruable Interest

The Bangalore Income tax appellate tribunal, while allowing the appeal of the appellant in the case Enzen Global Solutions (P.) Ltd. v. Income Tax Officer...

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Taxation

ITAT Approach towards Section 68 of IT Act

Section 68 of IT Act

The Income Tax Appellate Tribunal, most commonly referred to as ITAT, is a quasi-judicial body with the specialization of dealing in matters related to dir...

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Taxation

NRI taxation: How NRI’s are taxed in India?

NRI taxation

Tax collection is crucial for the governments to run the economy of their nations, especially in those countries where the governments do not have enough r...

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Income Tax Taxation

How to File an Income Tax Appeal with ITAT?

Income Tax Appeal

ITAT stands for Income Tax Appellate Tribunal. ITAT is a quasi-judicial body set up in January 1941 established by the Central Government for the speedy di...

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