Tag: ITAT

Judgement:- The Income Tax Appellate Tribunal (ITAT), Mumbai Bench held that an assessment order cannot be termed as “erroneous” unless it is not in accordance with the law. Facts of the case:- The assessee, Versova Shanti Co.op. Housing Soc. Ltd. was assessed for the year under …

Judgement: The Income Tax Appellate Tribunal (ITAT), Bangalore Bench while deleting the disallowance against Infosys BPM Ltd. held that payments made to a non-resident for acquiring off-the-shelf software are not royalty and no obligation to deduct TDS. Facts of the case: The revenue has appealed on …

Judgement: The Income Tax Appellate Tribunal (ITAT) Bangalore Bench while setting aside the order passed by the Assessing Officer deleted the disallowance against the Coffeeday Enterprises. Facts of the case: The assessee, M/s Coffeeday Enterprises Ltd. is engaged in the business of managing hotels and resorts. …

The Income Tax Appellate Tribunal (ITAT), Mumbai Bench held that TDS cannot be deducted on the rent if the accommodation services were taken on a casual basis. Facts of the case: The assessee, Dadiba kali Pundole Esplanade House is engaged in the business of auctioning fine …

Judgement: The Income Tax Appellate Tribunal (ITAT), New Delhi Bench imposed the penalty for failure to maintain Transfer Pricing Documents under and Section 271AA. Facts of the case: The assessee, Convergys Customer Management Group Inc. is a non-resident company incorporated under laws of the USA. The …

Judgement: The Income Tax Appellate Tribunal (ITAT), Delhi Bench held that tax rates specified in the Double Taxation Avoidance Agreement (DTAA) in respect of dividend must prevail over Dividend Distribution Tax (DDT). Facts of the case: The appellant, Giesecke & Devrient (India) Pvt Ltd was incorporated …