In a significant ruling, the Mumbai ITAT held that sponsoring foreign trips of doctors for business promotion is allowable as expenditure under the provisions of Income Tax Act. Assessee, India Medtronic Pvt Ltd (IMPL), is

The Income Tax Appellate Tribunal (ITAT) Mumbai, in Amina Ismil Rangari v. ITO, held that tax reliefs under the Income Tax Act, 1961 cannot be denied to the assessee on ground of delay in filing

The Mumbai Income Tax Appellate Tribunal, in an appeal filed by M/s Destimoney Enterprises Limited, has held that the provisions relating to tax deduction at source is not applicable when the assesse itself has not

The Income Tax Appellate Tribunal ( ITAT ), Mumbai Bench, has recently , in  the appeals filed before it,  while granting relied to  SBI, held that unrealized interest on borrower accounts classified as non- performing

The Income Tax Appellate Tribunal ( ITAT ), Mumbai Bench, has recently, in an appeal filed before it, held that the subscription revenue received in chemical extract service and publication division is not Royalty u/s

The Income Tax Appellate Tribunal ( ITAT ), Mumbai Bench, has recently in an appeal filed before it, held that no addition u/s 68, can be made when there is no fresh receipt of money

The Income Tax Appellate Tribunal (ITAT), Mumbai Bench, has recently, in an appeal filed before it, on finding that the order passed by the A.O. did not satisfy the twin conditions of "erroneous and prejudicial

The Income Tax Appellate Tribunal (ITAT), Mumbai Bench, has recently, while deciding an appeal filed before it and thereby granting relief to Sir Ratan Tata Trust, held that no conditions can be imposed by PCIT

A receipt ends up reducing the cost of acquisition of the asset should be treated as ‘Capital Receipt’ says Mumbai ITAT. The Mumbai bench of the Income Tax Appellate Tribunal recently held that the corpus

The Mumbai ITAT, in a recent ruling, held that ‘tax effect’ for the purpose of filing second appeal before the Income Tax Appellate Tribunal would not include interest. In the instant case, the department filed

The Mumbai ITAT recently held that merely because in one year the income of assessee- Trust exceeded the limit prescribed under section 2(15), by itself could not warrant the cancellation of registration of Trust under

The Income Tax Appellate Tribunal (ITAT), Mumbai Bench, has recently, in an appeal filed before it, held that benefit of s. 10AA is allowable, if the consideration in respect of exports was received in India

The Income Tax Appellate Tribunal (ITAT), Mumbai Bench, has recently, in an appeal filed before it, held that the assessee’s delinquency and lethargy in pursuing the matter before the tax authorities would attract cost. The

The Income Tax Appellate Tribunal (ITAT), Mumbai Bench, has recently, in an appeal filed before it, held that defect in statutory notice in not striking out of irrelevant ground vitiates penalty proceedings. The aforesaid observation

The Income Tax Appellate Tribunal (ITAT), Mumbai Bench, has recently in an appeal filed before it, held that interest income from FD is eligible for deduction under Section 10AA of the Income Tax Act, 1961.