Sandhra Suresh
![Licence to use Software Not an Enduring Benefit: ITAT Treats Software Licence Fees as Revenue Expenditure in DSP Merrill Lynch Case [Read Order]](https://images.taxscan.in/h-upload/2025/11/12/500x300_2104478-revenue-expenditure-licence-to-use-software-merrill-lynch-case-taxscan.webp "Licence to use Software Not an Enduring Benefit: ITAT Treats Software Licence Fees as Revenue Expenditure in DSP Merrill Lynch Case [Read Order]")
Licence to use Software Not an Enduring Benefit: ITAT Treats Software Licence Fees as Revenue Expenditure in DSP Merrill Lynch Case [Read Order]
The Income Tax Appellate Tribunal ( ITAT ) Mumbai has held that software licence fees paid for the right to use MS Office constitute revenue...
![ITC under VAT cannot be Considered as Income Unless Claimed as Expenditure in P&L Account: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/11/12/250x150_2104464-itc-vat-pl-account-itat-expenditure-in-pl-account-taxscan.webp "ITC under VAT cannot be Considered as Income Unless Claimed as Expenditure in P&L Account: ITAT [Read Order]")
![Estimated Profit Addition Not a Ground for Penalty: ITAT Deletes ₹42.68 Lakh Levy u/s 271(1)(c) [Read Order]](https://images.taxscan.in/h-upload/2025/11/12/250x150_2104454-no-penalty-taxscan.webp "Estimated Profit Addition Not a Ground for Penalty: ITAT Deletes ₹42.68 Lakh Levy u/s 271(1)(c) [Read Order]")
![NCLT Approves Cochin Aircraft Maintenance Company’s ₹87.75 Lakh Capital Reduction Following Shift to Consultancy Services [Read Order]](https://images.taxscan.in/h-upload/2025/11/12/250x150_2104435-cochin-aircraft-maintenance-taxscan.webp "NCLT Approves Cochin Aircraft Maintenance Company’s ₹87.75 Lakh Capital Reduction Following Shift to Consultancy Services [Read Order]")
![Reassessment Based on Borrowed Belief from ACB Report Invalid: ITAT Quashes S.147 & S.263 [Read Order]](https://images.taxscan.in/h-upload/2025/11/12/250x150_2104658-reassessment-borrowed-belief-acb-report-invalid-itat-taxscan.webp "Reassessment Based on Borrowed Belief from ACB Report Invalid: ITAT Quashes S.147 & S.263 [Read Order]")
Joint Purchase with Son-in-Law Does Not Bar Full Deduction u/s 54: ITAT Allows ₹3.67 Cr Exemption [Read Order]
In a dispute over the quantum of deduction under Section 54 of the Income Tax Act, the Mumbai bench of the Income Tax Appellate Tribunal (ITAT) dismissed the Revenue’s appeal challenging the relief ...
![Joint Purchase with Son-in-Law Does Not Bar Full Deduction u/s 54: ITAT Allows ₹3.67 Cr Exemption [Read Order]](https://images.taxscan.in/h-upload/2025/11/12/500x300_2104639-joint-purchase-full-deduction-itat-exemption-taxscan.webp "Joint Purchase with Son-in-Law Does Not Bar Full Deduction u/s 54: ITAT Allows ₹3.67 Cr Exemption [Read Order]")
Reassessment Without Jurisdiction: ITAT Quashes ITO Order, Rs. 38.34 Lakh Addition Nullified [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi, has quashed a reassessment order passed by the ITO, involving a registered society and madarsa, after finding serious jurisdictional lapses. The...
![Reassessment Without Jurisdiction: ITAT Quashes ITO Order, Rs. 38.34 Lakh Addition Nullified [Read Order]](https://images.taxscan.in/h-upload/2025/11/12/500x300_2104485-reassessment-jurisdiction-itat-ito-taxscan.webp "Reassessment Without Jurisdiction: ITAT Quashes ITO Order, Rs. 38.34 Lakh Addition Nullified [Read Order]")
![Income Tax Penalty u/s 271F Not Leviable as ITR Filed Within Prescribed Time: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/11/12/500x300_2104472-income-tax-penalty-itr-prescribed-time-itat-taxscan.webp "Income Tax Penalty u/s 271F Not Leviable as ITR Filed Within Prescribed Time: ITAT [Read Order]")
Overseas Advisory Services Rendered from India: ITAT Restores Deduction u/s 80-O, Partly allows Appeal of DSP Merrill Lynch
The Mumbai bench of Income Tax Appellate Tribunal (ITAT) has held that professional and technical advisory services rendered by DSP Merrill Lynch Ltd from India to foreign clients in connection ...
Madras HC Invalidates Circular's Time Bar on Shipping Bill Conversion: SC to Hear Appeal Against Indian Oil [Read Order]
The Supreme Court is to hear the customs appeal against Indian Oil Corporation Limited (IOCL), as the Madras High Court held that the circular imposing a time bar on shipping bill conversion was...
![Madras HC Invalidates Circulars Time Bar on Shipping Bill Conversion: SC to Hear Appeal Against Indian Oil [Read Order]](https://images.taxscan.in/h-upload/2025/11/11/500x300_2104226-madras-high-court-indian-oil-madras-hc-invalidates-circulars-taxscan.webp "Madras HC Invalidates Circulars Time Bar on Shipping Bill Conversion: SC to Hear Appeal Against Indian Oil [Read Order]")
Draft Return Unrealistic, Books Absent: ITAT Deletes S.68 Additions, Estimates Liquor Firm’s Net Profit at 2.5% of Gross Sales [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chandigarh Bench, in for the Assessment Year 2017-18, partly allowed the appeal of the assessee, a partnership firm engaged in trading alcoholic liquor...
![Draft Return Unrealistic, Books Absent: ITAT Deletes S.68 Additions, Estimates Liquor Firm’s Net Profit at 2.5% of Gross Sales [Read Order]](https://images.taxscan.in/h-upload/2025/11/11/500x300_2104209-draft-return-itat-net-profit-gross-sales-estimates-liquor-firms-taxscan.webp "Draft Return Unrealistic, Books Absent: ITAT Deletes S.68 Additions, Estimates Liquor Firm’s Net Profit at 2.5% of Gross Sales [Read Order]")
Revenue Recognition on Club Membership Fees Must Match Service Period: ITAT in Sterling Holiday's Case [Read Order]
The Income Tax Appellate Tribunal (ITAT) Mumbai bench has upheld the principle that revenue from vacation ownership membership fees should be recognised in alignment with the period over which ...
![Revenue Recognition on Club Membership Fees Must Match Service Period: ITAT in Sterling Holidays Case [Read Order]](https://images.taxscan.in/h-upload/2025/11/11/500x300_2104172-revenue-recognition-club-membership-fees-membership-fees-taxscan.webp "Revenue Recognition on Club Membership Fees Must Match Service Period: ITAT in Sterling Holidays Case [Read Order]")