Articles

Know the banking transactions that can raise a red flag and get you an income tax notice.

Bank Transactions that Can Get You Income Tax Notice

Judgement

ITAT holds that Rs. 5.89 crore receipts for software reseller licences are not taxable as fee for technical services or royalty; exempts income under India-US DTAA.

ITAT Rules Software Receipts Not Taxable as Fee for Technical Services under India–US DTAA

ITAT Rules Software Receipts Not Taxable as Fee for Technical Services under India-US DTAA

ITAT holds payments for IT-infrastructure use made to Belgian AE are not royalty under India–Belgium DTAA; disallowance u/s 40(a)(i) deleted.

ITAT Holds IT, Infrastructure Allocations Not Taxable as Royalty under India-Belgium DTAA

If your refund ever gets stuck due to the bank account closure, you must immediately update your current bank account details on the income tax department's e-filing portal.

What Happens to Your Refunds if Your Bank Account is Closed After ITR Filing?

What Happens to Your Refunds if Your Bank Account is Closed After ITR Filing

Tribunal holds that additions treating certain repair bills as bogus purchases and adhoc percentage disallowances on salary and car expenses cannot be sustained in absence of contrary evidence.

ITAT Allows Appeal; Deletes Additions on Bogus Purchases and Adhoc Expense Disallowances

ITAT holds that omission to file Statement of Facts is only procedural and directs CIT(A) to decide appeals on merits after due opportunity

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Bank Transactions that Can Get You Income Tax Notice

ITAT Rules Software Receipts Not Taxable as Fee for Technical Services under India-US DTAA

ITAT Holds IT, Infrastructure Allocations Not Taxable as Royalty under India-Belgium DTAA

What Happens to Your Refunds if Your Bank Account is Closed After ITR Filing

ITAT Allows Appeal; Deletes Additions on Bogus Purchases and Adhoc Expense Disallowances

ITAT Restores Appeals Dismissed for Technical Lapse, Directs Adjudication on Merits