Judgement

ITAT holds fully disclosed taxability dispute cannot attract penalty under Section 270A provisions.

ITAT Cancels Penalty Arising from Royalty and FTS Characterisation Dispute

ITAT deletes bogus purchase additions citing documentary evidence, stock records and denied cross-examination.

ITAT Quashes Bogus Purchase Addition Backed Only by Statements

ITAT quashes Section 263 revision, holding explained fund movements cannot justify unexplained income.

ITAT Rules Section 263 Unsustainable in Refunded Advance Transaction Case

ITAT deletes penalties citing defective notices, bona fide claims and absence of concealment.

Penalty Proceedings Fail Due to Non-Specific Notices, Debatable PF Disallowances and Genuine R&D Deduction Claim

ITAT quashes Section 271B penalty as assessment order lacked satisfaction for initiation proceedings.

ITAT Cancels Audit Default Penalty Over Jurisdictional Defect

The Income Tax Appellate Tribunal (ITAT), Mumbai, has held that receipts earned by a German tax resident from services rendered to Indian companies could not be taxed in India as Fees for Technical Services (FTS). The Tribunal ruled that such income was

Explore Our Blogs

Stay updated with the latest insights, tips, and industry trends from our experts

ITAT Cancels Penalty Arising from Royalty and FTS Characterisation Dispute

ITAT Quashes Bogus Purchase Addition Backed Only by Statements

ITAT Rules Section 263 Unsustainable in Refunded Advance Transaction Case

Penalty Proceedings Fail Due to Non-Specific Notices, Debatable PF Disallowances and Genuine R&D Deduction Claim

ITAT Cancels Audit Default Penalty Over Jurisdictional Defect

ITAT Holds Income Earned by German Resident from Independent Professional Services Not Taxable in India