The Banglore Bench of the Income Tax Appellate Tribunal ( ITAT ) has recently held that non-mentioning of Document Identification Number (DIN) as per the instruction of the Central Board of Direct Taxes (CBDT) in

In a major relief to Senior Advocate Harish Salve, the Delhi Bench of Income Tax Appellate Tribunal (ITAT) allowed the credit of Taxes paid on Overseas Income. Mr. Salve, the assessee filed his income tax

The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) has held that the provisions of section 24(a) of the Income Tax Act, 1961 relating to standard deduction on home loan interest shall be applicable

The Mumbai bench of the Income Tax Appellate Tribunal (ITAT), while allowing an appeal filed by the Union of India, held that a disallowance cannot be rectified through an application filed under section 154 of

The Kolkata bench of the Income Tax Appellate Tribunal ( ITAT ) deleted the addition under Section 68 of the Income Tax Act, 1961 as the loan transaction validated by duly furnishing the identity and

As a relief to Vodafone Idea ltd, the Mumbai Bench of the Income Tax Appellate Tribunal ( ITAT ) has held that Foreign Exchange Gain on the acquisition of fixed assets is allowable as deduction

The Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench, has recently, in an appeal filed before it, held that no penalty under section 271 (1) can be imposed when income surrendered by the assessee during survey

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 'Royalty'. M/s

The Income Tax Appellate Tribunal (ITAT), Mumbai Bench said that the CIT(A) rightly treated the fixed deposit interest income under the “Income from Business & Profession” instead of “Income from Other Sources”. The assessee, M/s.

The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has held that a suit or proceedings could not be continued against a corporate debtor until the conclusion of proceedings taken place under Insolvency and Bankruptcy

The Income Tax Appellate Tribunal (ITAT), Patna Bench has held that no evidence of tax evasion by showing fictitious or false transactions and deleted the addition of expenditure under section 40A(3). The appellant, Smt. Heera

The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that External Commercial Borrowings (ECB) loans to Indian clients linked to PE in India and directed the tax levy at 10% on interest

The Kolkata Bench of the Income Tax Appellate Tribunal (ITAT) has held that addition for unexplained expenditure could not be made on mere extrapolation and presumption. The assessee, Assam Kerala Roadways Pvt. Ltd. was engaged

The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) has recently while granting relief to Lenovo India  held that Comparable Uncontrolled Price (CUP) is the most appropriate method for determining international transactions for the

The Pune Bench of Income Tax Appellate Tribunal (ITAT) ruled that the Federation of Trade Association of Pune was entitled to get registered as a Trust. The assessee, Federation of Trade Association of Pune moved