The two member bench of the Income Tax Appellate Tribunal ( ITAT ) Mumbai has ruled that expenditure incurred by Asian Paints on research and development was eligible for deduction under Section 35 ( 2AB

The Mumbai bench of Income Tax Appellate Tribunal ( ITAT ) held that no disallowance shall be made on interest expense claimed in respect of ST RRB Credit Refinance Fund of National Bank for Agriculture &

The Mumbai bench of Income Tax Appellate Tribunal ( ITAT ) directed readjudication with respect to the liability of property tax paid on behalf of the collector. Further observed that the lower authority did not

The Mumbai bench of Income Tax Appellate Tribunal ( ITAT ) while providing relief to National Bank for Agriculture & Rural Development ( NABARD ) allowed Interest Expenditure incurred from the Government set up fund of RIDF

The Mumbai bench of Income Tax Appellate Tribunal ( ITAT ) after observing the deduction under Section 36(1)(xii) of Income Tax Act, 1961 can only claim with respect to expenditure incurred on Promotional Activities “notified entities” directs readjudication for examining the

The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) upheld Transactional Net Margin Method ( TNMM ) over Central Processing Unit ( CPU ) benchmarking export transactions under manufacturing segment  The LANXESS

The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) allowed deduction under Section 54 of the Income Tax Act with respect to the new residential house property purchased in the name of

The Mumbai bench of Income Tax Appellate Tribunal ( ITAT ) directed readjudication regarding the prior period expenses after finding out the year of crystallization. The Assessee National Bank for Agriculture & Rural Development is engaged in

The Mumbai bench of Income Tax Appellate Tribunal ( ITAT ) upheld the disallowance of expenditure incurred out of interest income pertaining to various funds held by the National Bank for Agriculture & Rural Development ( NABARD

This weekly round-up analytically summarizes the key stories related to the Income Tax Appellate Tribunal ( ITAT ) reported at Taxscan.in during the previous week from April 21 to May 4. Submissions on TDS Deduction

The section 45 of Prevention of Money Laundering Act (PMLA) 2002  lays down stringent criteria for bail in cases related to money laundering. However, amidst its rigour, the provision also incorporates a crucial exception, especially

What is Section 80G? Section 80G of the Income Tax Act is a provision that allows taxpayers to claim deductions on donations made to eligible charitable institutions and funds. The purpose of this section is

This weekly round-up analytically summarizes the key stories of the Customs, Excise, and Service Tax Appellate Tribunal ( CESTAT ) reported at taxscan.in, from April 20, 2024  to May 3, 2024. Value of Services Provided

The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) dismissed the appeal due to the failure to prove the genuineness of the share purchase transaction claim and the creditworthiness of the invested

The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT )  has directed the Assessing Officer to allow Tax Deducted at Source ( TDS ) credit and self-assessment tax, as the Department of Inland