Commission Paid to Non-Residents for Services Rendered Outside India Not Taxable Without PE: ITAT [Read Order]

Top Stories Commission Paid to Non-Residents for Services Rendered Outside India Not Taxable Without PE: ITAT [Read Order] Considering the absence of a Permanent Establishment (PE) in India, the ITAT…

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Disallowance of Sales Promotion Expense u/s 37(1): ITAT Allows Deduction Based on Evidence Provided [Read Order]

The Kolkata Bench of Income Tax Appellate Tribunal(ITAT)allowed the deduction of Rs. 4,81,477 as sales promotion expenses under section 37(1) of Income Tax Act,1961 after the assessee provided additional evidence,…

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ITAT Grants Exemption u/s 10(10B) for VRS Compensation Citing Central Government-Approved Scheme Benefiting Employees [Read Order]

The Chandigarh Bench of Income Tax Appellate Tribunal (ITAT) granted an exemption under section 10(10B) for Voluntary Retirement Scheme (VRS) compensation citing that the Central-Government approved schemes that benefited Employees.…

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ITAT Grants Exemption u/s 10(10B) for VRS Compensation Citing Central Government-Approved Scheme Benefiting Employees [Read Order]

The Chandigarh Bench of Income Tax Appellate Tribunal (ITAT) granted an exemption under section 10(10B) for Voluntary Retirement Scheme (VRS) compensation citing that the Central-Government approved schemes that benefited Employees.…

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Foreign Exchange Management (Deposit) Regulations, 2025: Fifth Amendment [Read Notification]

Top Stories Foreign Exchange Management (Deposit) Regulations, 2025: Fifth Amendment [Read Notification] Through this notification, the Reserve Bank of India introduces Foreign Exchange Management (Deposit) (Fifth Amendment) Regulations, 2025 By…

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