![Dividend Paid to IFC Exempt from Dividend Distribution Tax Under Overriding Immunity of IFC Act, 1958: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/06/19/500x300_2050593-dividend-paid-to-ifc-exempt-ifc-exempt-from-dividend-distribution-dividend-distribution-tax-taxscan.webp "Dividend Paid to IFC Exempt from Dividend Distribution Tax Under Overriding Immunity of IFC Act, 1958: ITAT [Read Order]")
Dividend Paid to IFC Exempt from Dividend Distribution Tax Under Overriding Immunity of IFC Act, 1958: ITAT [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) ruled that dividends paid to the International Finance Corporation (IFC) are exempt...
![No Addition Can Be Made Solely on 26AS-Sales Mismatch Due to Double TDS Deduction by Client: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/06/12/250x150_2043010-no-addition-can-be-made-solely-26as-sales-mismatch-due-mismatch-due-taxscan.webp "No Addition Can Be Made Solely on 26AS-Sales Mismatch Due to Double TDS Deduction by Client: ITAT [Read Order]")
![Cash Seized During 2019 Elections: ITAT Quashes Assessments u/s 153A for Failure to Issue Certificate u/r 112F [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/06/Cash-Seized-2019-Elections-taxscan.jpg "Cash Seized During 2019 Elections: ITAT Quashes Assessments u/s 153A for Failure to Issue Certificate u/r 112F [Read Order]")
![ITAT quashes Impugned Additions imposed in “Injudicious Manner”, reprimands Lack of Requisite Care [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/ITAT-Impugned-Additions-imposed-Injudicious-Manner-reprimands-Lack-Requisite-Care-taxscan.webp "ITAT quashes Impugned Additions imposed in “Injudicious Manner”, reprimands Lack of Requisite Care [Read Order]")
![ITAT Condones 450-Day Delay in Income Tax Appeal Filing Due to Former CAs Oversight [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/ITAT-Condones-Delay-Income-Tax-Appeal-Filing-Income-Tax-taxscan.jpg "ITAT Condones 450-Day Delay in Income Tax Appeal Filing Due to Former CAs Oversight [Read Order]")
GST Collected by Foreign Company not to be Included in Gross Receipts for Computation of Income u/s 44BB: ITAT [Read Order]
The Income Tax Appellate Tribunal ( ITAT ) bench of Mumbai has ruled that the GST (Goods and Services Tax) collected by the foreign company is excluded from Gross Receipts for calculating income...
![GST Collected by Foreign Company not to be Included in Gross Receipts for Computation of Income u/s 44BB: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Gross-Receipts.webp "GST Collected by Foreign Company not to be Included in Gross Receipts for Computation of Income u/s 44BB: ITAT [Read Order]")
ITAT upholds invocation of revisional jurisdiction u/s 263 by PCIT: Twin Conditions of “Error” and “Prejudice to the Interest of Revenue” Satisfied [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal (ITAT) recently upheld the invocation of revisional jurisdiction under Section 263 of the Income Tax Act, 1961 by the Principal Commissioner of...
![ITAT upholds invocation of revisional jurisdiction u/s 263 by PCIT: Twin Conditions of “Error” and “Prejudice to the Interest of Revenue” Satisfied [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/ITAT-ITAT-Mumbai-revisional-jurisdiction-under-section-263-TAXSCAN.jpg "ITAT upholds invocation of revisional jurisdiction u/s 263 by PCIT: Twin Conditions of “Error” and “Prejudice to the Interest of Revenue” Satisfied [Read Order]")
![ITAT dismisses Tax Appeal as assessee Applies for Vivad Se Vishwas Scheme [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/ITAT-ITAT-dismisses-tax-appeal-tax-appeal-appeal-as-assessee-applies-Vivad-Se-Vishwas-Scheme-assessee-applies-for-Vivad-Se-Vishwas-Scheme-taxscan.jpg "ITAT dismisses Tax Appeal as assessee Applies for Vivad Se Vishwas Scheme [Read Order]")
![Rental Income From Trust Property cannot be Treated as Business Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/ITAT-ITAT-mumbai-Rental-Income-From-Trust-Property-TAXSCAN.jpg "Rental Income From Trust Property cannot be Treated as Business Income: ITAT [Read Order]")
Step-Siblings Included in 'Relative' Definition, Gift Received Not Taxable u/s 56(2) of Income Tax: ITAT [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) ruled that a step-sister included in the “relative” definition and gift received from step-siblings is not taxable under Section 56(2) of...
![Step-Siblings Included in Relative Definition, Gift Received Not Taxable u/s 56(2) of Income Tax: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Step-Siblings-Siblings-Gift-Received-Not-Taxable-Section-562-of-Income-Tax-Income-Tax-ITAT-Relative-Definition-taxscan.jpg "Step-Siblings Included in Relative Definition, Gift Received Not Taxable u/s 56(2) of Income Tax: ITAT [Read Order]")
ITAT Upholds No TDS Liability for Patel Engineering Ltd, Confirms Deletion of Disallowance u/s 40(a)(ia) [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) ruled in favor of Patel Engineering Ltd. and upheld that the company is not liable for Tax Deducted at Source ( TDS ) and confirmed the...
![ITAT Upholds No TDS Liability for Patel Engineering Ltd, Confirms Deletion of Disallowance u/s 40(a)(ia) [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/ITAT-Upholds-TDS-Liability-Disallowance-taxscan.jpg "ITAT Upholds No TDS Liability for Patel Engineering Ltd, Confirms Deletion of Disallowance u/s 40(a)(ia) [Read Order]")
ITAT allows Oxford University Press to withdraw Appeal as it Opts for Vivad Se Vishwas Scheme 2024 [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) in Mumbai, allowed Oxford University Press to withdraw its appeal as the company opts for the Vivad Se Vishwas Scheme (VSVS) 2024. The...
![ITAT allows Oxford University Press to withdraw Appeal as it Opts for Vivad Se Vishwas Scheme 2024 [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-ITAT-Mumbai-Vivad-se-viswas-scheme-Oxford-University-Press-case-updates-TAXSCAN.jpg "ITAT allows Oxford University Press to withdraw Appeal as it Opts for Vivad Se Vishwas Scheme 2024 [Read Order]")