Tax Scan

Section 249(4)(b) of Income Tax Act Inapplicable when Advance Tax not Payable: ITAT [Read Order]

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Section 249(4)(b) of Income Tax Act Inapplicable when Advance Tax not Payable: ITAT Section 249(4)(b) of the Income Tax Act, 1961 does not bar an appeal where the assessee claims that the receipts are exempt and no advance tax liability arises, setting aside the CIT(A)’s dismissal of...

IMAX Corporation Lacks Fixed Place or Installation PE in India: ITAT Deletes Additions Noting Employee Presence Was Merely 5 Days During Year [Read Order]

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IMAX Corporation Lacks Fixed Place or Installation PE in India: ITAT Deletes Additions Noting Employee Presence Was Merely 5 Days During Year The Tribunal declined to adjudicate on individual additions regarding theatre design services and the sale of glasses, as they were predicated on the existence of a PE.

ITAT upholds Fringe Benefit Tax additions on free tickets and hospitality expenses, dismisses Jet Lite (India) appeal [Read Order]

https://www.taxscan.in/top-stories/itat-upholds-fringe-benefit-tax-additions-on-free-tickets-and-hospitality-expenses-dismisses-jet-lite-india-appeal-1447130?utm_source=facebooksm&utm_medium=txn&utm_campaign=june8itat

ITAT upholds Fringe Benefit Tax additions on free tickets and hospitality expenses, dismisses Jet Lite (India) appeal The ITAT dismissed the Revenue’s penalty appeals, validating that penalty proceedings cannot be used as a measure to compensate for the disallowance of a legitimate, albeit incorrect, legal claim.

FTS not Taxable under Residual Article 22 of India-Thailand DTAA: ITAT [Read Order]

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FTS not Taxable under Residual Article 22 of India-Thailand DTAA: ITAT Fee for Technical Services (FTS) received by a Thai tax resident cannot be taxed under the residuary “Other Income” Article 22 of the India–Thailand DTAA merely because the treaty does not contain a...

Double Income Tax Benefit for BSNL Retirees: ITAT Upholds Full VRS Exemption and Leave Encashment Relief [Read Order]

https://www.taxscan.in/top-stories/double-income-tax-benefit-for-bsnl-retirees-itat-upholds-full-vrs-exemption-and-leave-encashment-relief-1447128?utm_source=facebooksm&utm_medium=txn&utm_campaign=june8incometax

Double Income Tax Benefit for BSNL Retirees: ITAT Upholds Full VRS Exemption and Leave Encashment Relief BSNL retiree is entitled to full exemption of VRS compensation under Section 10(10B) of the Income Tax Act, 1961 and full exemption of leave encashment benefits, allowing the assessee’s appeal.

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Supreme Court & High Courts Weekly Round-Up

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Supreme Court & High Courts Weekly Round-Up A Round-Up of the Supreme Court & High Court Cases That Were Reported at Taxscan Last Week

S. 54 of Income Tax Benefit cannot be Denied for Want of Registered Sale Deed: ITAT [Read Order]

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S. 54 of Income Tax Benefit cannot be Denied for Want of Registered Sale Deed: ITAT Delayed registration of a residential flat does not defeat a claim under Section 54F where the property was booked and substantial consideration was paid within the statutory investment period.

Transferred Winding-Up Petitions Cannot Proceed u/s 9 IBC without Meeting Enhanced ₹1 Crore Default Threshold: NCLAT [Read Order]

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Transferred Winding-Up Petitions Cannot Proceed u/s 9 IBC without Meeting Enhanced ₹1 Crore Default Threshold: NCLAT NCLAT holds that transferred winding-up proceedings must satisfy prevailing IBC admission requirements and threshold limits

ITAT Weekly Roundup

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ITAT Weekly Roundup The Round-up of the Income Tax Appellate Tribunal (ITAT) Cases Reported at Taxscan from 31 May 2026 to 6 June 2026. This weekly round-up encapsulates the key stories related to the...