ITAT

ITAT: No TDS required on bill discounting charges

Bill discounting charges not ‘interest’; No TDS required on bill discounting charges

Jun 17,2011

ITAT: Post AY 1996-97, royalty income taxable under India-US treaty at 15% and not 20%

Royalty income assessed on ‘cash basis’ after AY 1996-97 taxable under India-US treaty at 15% and not 20%

Jun 15,2011

ITAT: ITAT awards compensation to assessee u/s 254 (2B)

ITAT awards compensation to assessee u/s 254 (2B) for harassment by IT authorities  

Jun 14,2011

ITAT: Share allotment at par value not income of shareholder u/s 28(iv)

Share allotment by Reliance Infocomm at par value not income of shareholder u/s 28(iv)

Jun 13,2011

ITAT: Disallowance u/s 14A of proportionate interest on partner’s capital upheld

Disallowance u/s 14A of proportionate interest on partner’s capital upheld by Ahmedabad ITAT.

Jun 10,2011

ITAT: Commission for business support services by UK parent taxable as business income

Commission paid for 'assistance in arranging cargo transportation' was taxable in India on account of 'business connection': Mumbai ITAT 

Jun 10,2011

ITAT: Sec 54F exemption available for more than one residential house purchase

Capital gains exemption u/s 54F allowed for purchase of more than one residential house: Delhi ITAT 

Jun 09,2011

ITAT: Deduction allowed for expenses during temporary suspension of business

Bechtel’s Dabhol power project temporary suspended but not discontinued; Deduction for project expenses allowed

Jun 08,2011

ITAT: Change in ownership not ‘reconstruction of business’; Deduction u/s 10B available

Change in ownership does not amount to ‘reconstruction of business’; Deduction u/s 10B for EOU available: ITAT Delhi

Jun 08,2011

ITAT: Royalty paid for Pizza Hut & KFC's operations deductible expenditure

Royalty paid for Pizza Hut & KFC's operations deductible expenditure; Exclusion of loss making comparables, after considering aspects other than declaring of loss, upheld

Jun 08,2011

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