![ITAT nullifies AOs Attempt to Override Government Valuers Fair Market Valuation Report in Piramal Enterprises Flat Sale [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-AO-Government-Valuers-Fair-Market-Valuation-Report-Piramal-Enterprises-taxscan.jpg "ITAT nullifies AOs Attempt to Override Government Valuers Fair Market Valuation Report in Piramal Enterprises Flat Sale [Read Order]")
ITAT nullifies AO's Attempt to Override Government Valuer's Fair Market Valuation Report in Piramal Enterprises Flat Sale [Read Order]
In a recent ruling, the Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) overturned the Assessing Officer's ( AO ) decision to disregard...
![Relief to Piramal Enterprises: ITAT directs AO to Re-adjudicate Disallowance of Payment Received as Consultancy Fees and Corporate Service Charges [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Relief-to-Piramal-Enterprises-Piramal-Enterprises-ITAT-AO-Re-adjudicate-taxscan.jpg "Relief to Piramal Enterprises: ITAT directs AO to Re-adjudicate Disallowance of Payment Received as Consultancy Fees and Corporate Service Charges [Read Order]")
![AO blindly relied Investigation Wing report for Reopening Assessment, No application of mind: ITAT quashes Reassessment Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/AO-blindly-investigation-Wing-Reopening-Assessment-Application-of-Mind-ITAT-quashes-Reassessment-taxscan.jpg "AO blindly relied Investigation Wing report for Reopening Assessment, No application of mind: ITAT quashes Reassessment Order [Read Order]")
![Reassessment Proceedings under Income Tax Act without Application of Mind: Delhi HC upholds order of ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-Income-Tax-Delhi-High-Court-Delhi-high-court-on-ITAT-TAXSCAN.jpg "Reassessment Proceedings under Income Tax Act without Application of Mind: Delhi HC upholds order of ITAT [Read Order]")
Interest paid on borrowed Funds for Investment in Shares hit by Section 14A of Income Tax Act if Dividend received on Shares not part of total Income: Bombay HC [Read Order]
In a recent ruling the Bombay High Court held that the interest paid on borrowed funds for investment in shares hit by Section 14A of the Income Tax Act, 1961 if the dividend received on shares not...
![Interest paid on borrowed Funds for Investment in Shares hit by Section 14A of Income Tax Act if Dividend received on Shares not part of total Income: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Bombay-High-Court-Income-Tax-Interest-on-Borrowed-Funds-Investment-in-Shares-taxscan.jpg "Interest paid on borrowed Funds for Investment in Shares hit by Section 14A of Income Tax Act if Dividend received on Shares not part of total Income: Bombay HC [Read Order]")
![No Denial of Capital Gains Deduction u/s 54 once Requisite Conditions are Met: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Capital-Gains-Deduction-us-54-Conditions-Met-ITAT-TAXSCAN.jpg "No Denial of Capital Gains Deduction u/s 54 once Requisite Conditions are Met: ITAT [Read Order]")
Relief to Amazon India: Delivery Cost and Warranty Expenses not part of AMP Expenditure, rules ITAT [Read Order]
The Bangalore Bench of the Income Tax Appellate Tribunal ( ITAT ) made a ruling regarding the treatment of various expenses, including share-based compensation ( SBC ), depreciation, and...
![Relief to Amazon India: Delivery Cost and Warranty Expenses not part of AMP Expenditure, rules ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Amazon-India-Amazon-Amazon-Delivery-Costs-and-Warranty-Expenses-AMP-Expenditure-ITAT-Bangalore-Taxscan.jpg "Relief to Amazon India: Delivery Cost and Warranty Expenses not part of AMP Expenditure, rules ITAT [Read Order]")
Disallowance of Income Tax Deduction u/s 10AA on Audit objection grounds lack Independent View: ITAT quashes Revision Order [Read Order]
The Jaipur bench of the Income Tax Appellate Tribunal ( ITAT ) overturned the revision order issued by the Principal Commissioner of Income Tax ( PCIT ), which had disallowed Income Tax Deduction...
![Disallowance of Income Tax Deduction u/s 10AA on Audit objection grounds lack Independent View: ITAT quashes Revision Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Jaipur-Income-Tax-Disallowance-Income-Tax-Deduction-TAXSCAN.jpg "Disallowance of Income Tax Deduction u/s 10AA on Audit objection grounds lack Independent View: ITAT quashes Revision Order [Read Order]")
Interconnect usage Payment received by Foreign Company from Indian telecom Operator not Taxable as ‘Royalty’: ITAT [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal ( ITAT ) ruled that the interconnect usage payments received by a foreign company from an Indian telecom operator should not be classified as...
![Interconnect usage Payment received by Foreign Company from Indian telecom Operator not Taxable as ‘Royalty’: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-Bangalore-ITAT-Income-Tax-ITAT-ruling-on-interconnect-usage-payment-Foreign-company-tax-exemption-India-Taxscan.jpg "Interconnect usage Payment received by Foreign Company from Indian telecom Operator not Taxable as ‘Royalty’: ITAT [Read Order]")
Taxpayer submits ITRs and Bank statements for Proving Genuineness of Unsecured Loan: ITAT deletes addition u/s 68 [Read Order]
After the taxpayer presented Income Tax Returns ( ITRs ) and bank statements to demonstrate the authenticity of the unsecured loan, the Ahmedabad bench of the Income Tax Appellate Tribunal ( ITAT )...
![Taxpayer submits ITRs and Bank statements for Proving Genuineness of Unsecured Loan: ITAT deletes addition u/s 68 [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Ahmedabad-ITR-Income-Tax-Income-Tax-Return-Loan-Unsecured-Loan-taxscan.jpg "Taxpayer submits ITRs and Bank statements for Proving Genuineness of Unsecured Loan: ITAT deletes addition u/s 68 [Read Order]")