The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) directed the Non-Resident Company to pay 20% of Outstanding Demand of Income Tax and stayed 80% of outstanding demand for 180 days. The assessee, Blackstone FP

The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) has held that a mere change in the heads of income would not attract penalty under the Income Tax Act, 1961. The assessee

The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that the award is taxable as “income from other sources” under the provisions of the Income Tax Act, 1961. The assessee, an individual,

The Income Tax Appellate Tribunal (ITAT), Mumbai bench has granted an extension to the stay granted to Vodafone Idea since the appeal could not be disposed for the reason thatthe Commissioner (Appeals) insisted personal hearing

The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) held that the CIT(A) cannot enhance taxable income by making disallowance on issues other than covered by limited scrutiny. The assessee, M/s. Arjun Transport Company Private

The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has deleted transfer pricing adjustment pertaining to import of Minipress for trading purposes. The Assessee, M/s. Pfizer Ltd. is into the business of manufacturing and trading

The Income Tax Appellate Tribunal (ITAT), Mumbai Bench granted a conditional stay to Vodafone India Services Pvt Ltd. (VISPL) in a transfer pricing case, directing the company to pay Rs. 230 crore towards a disputed

The Income Tax Appellate Tribunal (ITAT), Mumbai bench  while sustaining the revision order passed under section 263 of the Income Tax Act , 1961 held that the assessment was completed in a routine and mechanical

The Income Tax Appellate Tribunal (ITAT), Mumbai bench directed readjudication due to the failure to produce documents concerning the loan transaction and the purchase and pledge of shares. The Assessing Officer issued a notice under

The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) sets aside the order passed by CIT (A), emphasizing that routine establishment expenses and interest on loans taken for general business purposes must

In a recent ruling, the ITAT, Mumbai bench, confirmed that penalty is not leviable where there is a difference of opinion between the assessee and the Revenue as to the head of income under which

The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) deleted the addition as no addition under section 41(1) of the Income Tax Act shall be made solely on the grounds of the

The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) held that 30% standard deduction is allowable on annual let out value of house property owned by Moraj Group Co-Founder Priya Mohan Gurnani. A batch

The Income Tax Appellate Tribunal ( ITAT ), Mumbai  bench ruled that no addition shall be made under Section 50C of the Income Tax Act, 1961 when income from project of redevelopment determined under profit

In a major relief to Tata Power, the Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that a reassessment order cannot be subject to revision under section 263 of the Income Tax