The Income Tax Appellate Tribunal (ITAT), Mumbai Bench held that the company which is granting bonuses to its employees or shareholders is entitled to tax benefits. The assessee, Mehta Equities Ltd. has paid Rs. 250,000...
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench deleted the addition of sales tax incentive/subsidy holding it as capital in nature. The assessee, Reliance Industries Ltd. is engaged in the business of oil and gas...
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench held that the mobilisation fees received from the time charter of the vessel would not fall within definition of ‘royalty’ under the India-Singapore tax treaty. The assessee,...
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench held that the amount received from distributors for sale of specialized software, maintenance and support services can not be “royalty” under India-Finland Tax Treaty. The assessee, Trimble...
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench deleted the addition on account of alleged royalty taxable under section 9 (l)(vi) of the Income Tax Act, 1961 read with Article 12(3) of India Switzerland Double...
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), Mumbai Bench held that roaming charges paid by Reliance Communications are not in the nature of ‘fee for technical services’, tax deducted at source (TDS) not liable to be...
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench held that PCIT rightly directed the Bank of India’s case to the Transfer Pricing Officer (TPO) under section 92CA for determination of arm’s length price (ALP) in...
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench stayed the demand proceeding of Rs.55.40 Crores as Mutual Agreement Procedure (MAP) proceedings are still pending against Skoda Auto Volkswagen India. The appellant, Skoda Auto Volkswagen India...
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 Income Tax Appellate Tribunal (ITAT), Mumbai Bench while upholding the provisions in statement of accounts under 31 heads of expenses for one month made by HDFC Sales. The assessee, M/s HDFC Sales Pvt. Ltd....
The Income Tax Appellate Tribunal (ITAT), Mumbai bench held that the assessee is not eligible to claim an exemption under section 10(10D) of the Act on the maturity value of the Keyman Insurance Policy and...
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench, while upholding the order of the CIT(A) deleted the disallowance representing customer support charges against Dish TV India Limited. The assessee, Dish TV India Limited is a...
The Income Tax Appellate Tribunal (ITAT), Mumbai bench has held that the compensation received from the Builder on the cancellation of the flat is taxable as “income from other sources.” The assessee purchased a flat...
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench while upholding the order of CIT(A) said the whenever the jigs and fixtures were replaced due to constant wear and tear and also due to changes in...
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench held that the assessment framed for Non-Existent Authority is Void ab initio. The assessee, Atos India Pvt. Ltd. had raised various grounds on merits of various additions/disallowances...
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench held that the second notice issued under Section 148 during the subsistence of earlier reassessment proceedings, the subsequent reopening is invalid. The assessee, Johnson & Johnson Private...
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench deleted the disallowance of depreciation on goodwill by the Assessing Officer (AO). The assessee, M/s. DHL Logistics Pvt. Ltd. is a logistics services provider and offers a...
The Income Tax Appellate Tribunal (ITAT), Mumbai bench has held that the income from the relinquishment of right over a property cannot be treated as “capital gain” for the purpose of levying an income tax....
The Income Tax Appellate Tribunal (ITAT), Mumbai allowed exemption under Section 11 of the Income Tax Act, 1961 in respect of interest income, exchange gain, and miscellaneous income to the Confederation of Indian Textile Industry....
The Income Tax Appellate Tribunal (ITAT), Mumbai ruled that Mahindra & Mahindra is entitled to depreciation on Capital Expenditure of exchange fluctuation loss. The assessee, Mahindra & Mahindra is engaged in the business of manufacturing...
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