The Income Tax Appellate Tribunal (ITAT), Bangalore Bench while remitting the matter back to the CIT(A) ruled that the CIT(A) ought to analyse nature of service undertaken by assessee and taxation of fees for technical...
The Income Tax Appellate Tribunal (ITAT), New Delhi Bench held that Mitsui India is not a Dependent Agent PE In India (DAPE) under India-Japan Tax Treaty. The assessee, M/s. Mitsui & Co. Ltd. (MIPL) is...
The Income Tax Appellate Tribunal (ITAT) directed the Assessing Officer (AO) to delete the disallowance of salary paid overseas to expatriates of the MUFG Bank working in India by Head Office. The assessee, MUFG Bank...
The Income Tax Appellate Tribunal (ITAT), Bangalore Bench held that the usage of fund cannot be the reason to impose tax liability. The assessee filed his return of income for the assessment year returning an...
The Income Tax Appellate Tribunal (ITAT), New Delhi Bench while granting relief to Nokia India held that no disallowance of non-deduction of TDS for expenses incurred on trade offers provided to distributors. The Assessee, Nokia...
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench held that the Income received for sale of specialized software and maintenance and support services is not “Royalty” as per India-Finland Tax Treaty. The assessee, Trimble Solutions...
The Income Tax Appellate Tribunal (ITAT), Bangalore Bench held that Acer India can not be fastened with liability to Tax Deducted at Source (TDS) retrospectively in respect of payments made for purchase of licensed software....
The Income Tax Appellate Tribunal (ITAT), Bangalore Bench while directing the AO to delete the disallowance held that disallowance of depreciation on Software can not be made under section 40(a)(ia) of the Income Tax Act....
The Income Tax Appellate Tribunal (ITAT), Jaipur Bench held that income already disclosed under Pradhan Mantri Garib Kalyan Yojana (PMGKY), 2016 can not be treated as unexplained income under section 68 of the Income Tax...
The Income Tax Appellate Tribunal (ITAT), Bangalore Bench allows the dispute to be withdrawn in respect of the grounds challenging the Transfer Pricing (TP) addition due to Unilateral Advance Pricing Arrangement (APA). The assessee, M/s....
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench ruled that the Assessment order sought to be revised does not suffer from error merely for the reason that PCIT does not agree with one of the...
The Income Tax Appellate Tribunal (ITAT), New Delhi Bench allowed the deduction of Rs. 1.78 Billion in respect of profit and gains in the development of the Special Economic Zone (SEZ) under section 80 IA...
The Income Tax Appellate Tribunal (ITAT), Bangalore Bench while upholding the order passed by the CIT(A) allowed the deduction to the assessee, Cafe Coffee Day in respect of belated payment of Employee’s contribution to PF....
The Income Tax Appellate Tribunal (ITAT), Delhi Bench while deleting the addition made by AO ruled that the assessee is entitled for claim of interest paid on borrowed capital. The assessee, M/s ACB (India) Power...
The Income Tax Appellate Tribunal (ITAT), New Delhi Bench allowed the exemption under Section 11 and 12 to Association of State Road Transport Undertaking as it qualified as an organization for charitable purposes. The assessee,...
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench held that no proceedings relating to revision of orders prejudicial to revenue under Section 263, if AO took one of the possible views and allowed the claim...
The Comptroller and Auditor General (CAG) in its report recommended the Central Board of Direct Taxes (CBDT) put in place a mechanism so as to ensure that Appraisal Report along with seized material be handed...
The Income Tax Appellate Tribunal (ITAT), Bangalore Bench allowed the deduction under section 54F of the Income Tax Act, 1961 as assessee did not own more than one residential house. The assessee, Dr. Devika Gunasheela...
The Income Tax Appellate Tribunal (ITAT), Delhi Bench held that Mitsui India Pvt. Ltd. (MIPL) is not a Dependent Agency Permanent Establishment (DAPE) of Mitsui & Co. so no further profit could be attributed. The...
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench while remitting the matter back to the AO held that the disallowance cannot be more than the income earned by the assessee. The assessee, Oman International Bank...
The Income Tax Appellate Tribunal (ITAT) Bangalore bench while remitting the matter back to the Assessing Officer (AO) said that if the interest-free funds available with the assessee is more than the value of investments...
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