Powerd By SAG INFOTECH
Notifications can be turned of anytime from browser settings
In the recent appeal by the petitioner to The Income Tax Appellate Tribunal ( ITAT ) Pune Bench, stated that the revenue preference earlier held the income declaration along with the filed return can be understood against the Assessing Officer (AO) without any justification for the penalty imposed under section 271(1)(c) of the Income-tax Act, […]
The Pune bench of the Income Tax Appellate Tribunal (ITAT), the interest on income tax cannot be permissible as a deduction under section 40(a)(ii) of the Income Tax Act, 1961. The taxpayer, Rajendra Sukhdev Mirgane, is a Builder and Contractor who filed the income return showing a total income of Rs 2.18 cr. At that […]
The Pune bench Income Tax Appellate Tribunal (ITAT) specified that the income made through IT support services and software licenses would not be levied with any tax. The taxpayer, BMC Software Asia Pacific Pte Ltd is working in selling Software products to end users and customers, and the Assessing Officer (AO) revealed that the taxpayer […]
The Income Tax Appellate Tribunal (ITAT), Pune bench, S S Godara, Judicial Member, and Dr Dipak P Ripote, Accountant Member gave tax exemption to trust who does study programs for university’s registered students. The books of Chanakya Mandal Pariwar(assessee) which comprises 368 pages recommend that they are running several study centres according to its agreement […]
The income tax appellate tribunal (ITAT), Pune bench was accepted late of 931 days in furnishing the taxpayer finding out that the delay was because the tax practitioners were busy with the GST compliance. Mr Vasathan Mukundan furnished a petition before CIT(A) with a delay of 931 days. The taxpayer would be subjected to performing […]
The Pune bench of the Income Tax Appellate Tribunal (ITAT) ruled that tax penalty u/s 271 would not be imposed in the absence of applicable records for the incorrect particulars. The company of the petitioner is engaged in the business manufacturing and the sale of the chemicals. The income tax return was furnished on the […]
The Income Tax Appellate Tribunal (ITAT), Pune bench consists of Shri Inturi Rama Rao, Accountant Member, And Shri S.S. Viswanethra Ravi, Judicial Member has ruled that oversight to submit the data for the income shall not draw the tax penalty beneath section 271(1)(c) of the Income Tax Act, 1961. The taxpayer, Anmole Singh Ghuman is […]
The Pune bench of the income tax appellate tribunal ITAT mentioned that there would be no income tax subjected to pay on the software licence sale, support, maintenance because of being a non-royalty beneath the India-Singapore tax pact. The taxpayer is the owner of BMC software Asia pacific Pte ltd the company that has been […]
The Income Tax Appellate Tribunal (ITAT), Pune bench held that the income generated from the selling of software license could not be categorised as royalty considering the provisions of the Income Tax Act, 1961. The Assessing Officer, while finalizing the assessment proceedings carried against the assessee, observed that Rs.86,05,13,407/- was accepted by the assessee towards […]
