Judgement

The Income Tax Appellate Tribunal (ITAT), Delhi has held reimbursements towards IT infrastructure, salary expenses of seconded employees and travel expenses cannot be regarded as Fees for Technical Services (FTS).

ITAT holds That Cost Reimbursement to Overseas Group Entities Cannot be Treated as FTS And No TDS Required

ITAT condoned the delay in filing the appeal and remanded the Section 271(1)(c) penalty matter to the CIT(A) for fresh adjudication on merits.

Partnership Firm Faced Rs. 3.10 Lakh Penalty After Switching from Mercantile to Cash Accounting; ITAT Condones Delay and Restores Appeal

The Income Tax Appellate Tribunal (ITAT) Mumbai condoned a delay of 460 days in filing the appeal by an 87-year-old assessee suffering from age-related ailments and lacking familiarity with electronic communications.

87-Year-Old Taxpayer Filed Appeal 460 Days Late Due to Health Issues; ITAT Condones Delay and Restores Matter to CIT(A)

The Income Tax Appellate Tribunal (ITAT) Delhi has deleted an addition of Rs.17.80 lakh made under Section 68 of the Income Tax Act, 1961, holding that the assessee had discharged its primary burden by furnishing confirmations, bank statements and income tax returns.

ITAT Deletes Section 68 Addition on Funds Received from Directors and Group Concern

The ITAT deleted a Rs 5.55 lakh addition on a flat purchase after holding that the difference between the purchase price and stamp duty value was within the 10% safe-harbour limit.

Flat Buyer Purchased Pune Apartment for Rs. 1.26 Crore, Faced Tax on Rs. 5.55 Lakh Stamp Duty Difference; ITAT Deletes Addition as Variation Was Within 10% Limit

The ITAT remanded a Rs 23.05 crore ex-parte assessment to the AO, granting the taxpayer a fresh opportunity after finding genuine reasons for non-appearance during appellate proceedings.

Explore Our Blogs

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

ITAT holds That Cost Reimbursement to Overseas Group Entities Cannot be Treated as FTS And No TDS Required

Partnership Firm Faced Rs. 3.10 Lakh Penalty After Switching from Mercantile to Cash Accounting; ITAT Condones Delay and Restores Appeal

87-Year-Old Taxpayer Filed Appeal 460 Days Late Due to Health Issues; ITAT Condones Delay and Restores Matter to CIT(A)

ITAT Deletes Section 68 Addition on Funds Received from Directors and Group Concern

Flat Buyer Purchased Pune Apartment for Rs. 1.26 Crore, Faced Tax on Rs. 5.55 Lakh Stamp Duty Difference; ITAT Deletes Addition as Variation Was Within 10% Limit

No Fair Hearing? ITAT Restores Taxpayer’s Appeal After Notices Sent to Temporary Email ID