![Shell Information Technology’s Income Tax Refund Interest Classified as Taxable Income under India-Netherlands DTAA: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Shell-Technology-Income-Tax-Refund-Interest-Taxable-Income-India-Netherlands-DTAA-ITAT-taxscan.jpg "Shell Information Technology’s Income Tax Refund Interest Classified as Taxable Income under India-Netherlands DTAA: ITAT [Read Order]")
Shell Information Technology’s Income Tax Refund Interest Classified as Taxable Income under India-Netherlands DTAA: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) has granted relief to Shell Information Technology, specifying that interest on income...
![Taxpayer voluntarily clarifies discrepancy in Lease Equalization Disallowance without Malicious Intent: ITAT deletes Penalty u/s 271(1)(c) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/ITAT-ITAT-Mumbai-Income-tax-Income-tax-news-taxscan-1.jpg "Taxpayer voluntarily clarifies discrepancy in Lease Equalization Disallowance without Malicious Intent: ITAT deletes Penalty u/s 271(1)(c) of Income Tax Act [Read Order]")
![Non-striking of Irrelevant Matter would Render Income Tax Penalty Notice Defective: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Mumbai-Income-tax-Income-tax-news-Income-Tax-Penalty-TAXSCAN.jpg "Non-striking of Irrelevant Matter would Render Income Tax Penalty Notice Defective: ITAT [Read Order]")
![Expenses excluded from Export Turnover to be excluded from Total Turnover while computing Deduction u/s 10A of Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Mumbai-Income-Tax-Section-10A-of-Income-tax-act-Export-turnover-Tax-deduction-taxscan.jpg "Expenses excluded from Export Turnover to be excluded from Total Turnover while computing Deduction u/s 10A of Act: ITAT [Read Order]")
![Non-Grant of TDS credit: ITAT directs re adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Mumbai-Income-Tax-TDS-TDS-credit-taxscan.jpg "Non-Grant of TDS credit: ITAT directs re adjudication [Read Order]")
ITAT directs to Eliminate Eclerx from final list of comparables chosen for Benchmarking KPO Transactions of Crisil [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Mumbai bench directed to eliminate Eclerx from the final list of comparable chosen for benchmarking Knowledge process outsourcing ( KPO ) services. The...
![ITAT directs to Eliminate Eclerx from final list of comparables chosen for Benchmarking KPO Transactions of Crisil [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Mumbai-Income-Tax-Eclerx-Knowledge-process-outsourcing-KPO-benchmarking-taxscan.jpg "ITAT directs to Eliminate Eclerx from final list of comparables chosen for Benchmarking KPO Transactions of Crisil [Read Order]")
AO disallows Depreciation claimed on Opening WDV of Computer Software by Piramal Enterprises: ITAT directs Re-adjudication [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) directed re-adjudication after the Assessing Officer ( AO ) disallowed Depreciation claimed on the Opening Written down Value ( WDV ) of...
![AO disallows Depreciation claimed on Opening WDV of Computer Software by Piramal Enterprises: ITAT directs Re-adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Mumbai-Income-Tax-Re-adjudication-Piramal-Enterprises-taxscan.jpg "AO disallows Depreciation claimed on Opening WDV of Computer Software by Piramal Enterprises: ITAT directs Re-adjudication [Read Order]")
Piramal Enterprises' unique unutilised MODVAT Credit recomputation attracts Rs. 207 Crores Addition: ITAT orders Re-adjudication [Read Order]
The Income Tax Appellate Tribunal ( ITAT ) in Mumbai has directed re-adjudication regarding the addition of Rs. 207 crores on increase in the value of closing stock by the Piramal Enterprises. In...
![Piramal Enterprises unique unutilised MODVAT Credit recomputation attracts Rs. 207 Crores Addition: ITAT orders Re-adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Mumbai-Income-Tax-Piramal-Enterprises-MODVAT-Credit-recomputation-MODVAT-taxscan.jpg "Piramal Enterprises unique unutilised MODVAT Credit recomputation attracts Rs. 207 Crores Addition: ITAT orders Re-adjudication [Read Order]")
Competent Authority Approval in Form No. 3CM requires for claiming Deduction on R & D Expenditure u/s 35(2AB) of Income Tax Act: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) has ruled that in order to claim deduction on Research and Development ( R&D ) expenditure under Section 35(2AB) of the Income Tax...
![Competent Authority Approval in Form No. 3CM requires for claiming Deduction on R & D Expenditure u/s 35(2AB) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Competent-Authority-Approval-Form-No.-3CM-Deduction-R-D-Expenditure-Income-Tax-Act-ITAT-taxscan.jpg "Competent Authority Approval in Form No. 3CM requires for claiming Deduction on R & D Expenditure u/s 35(2AB) of Income Tax Act: ITAT [Read Order]")
Piramal Enterprises Faces Setback: ITAT rules Rs. 92.7 Cr Compensation from termination as 'Business Income', Not 'Capital Gain' [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT ) has concluded that Piramal Enterprises suffered a setback by categorizing the compensation of Rs. 92.7 crore from termination as...
![Piramal Enterprises Faces Setback: ITAT rules Rs. 92.7 Cr Compensation from termination as Business Income, Not Capital Gain [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Piramal-Enterprises-Faces-ITAT-Compensation-termination-Business-Income-Capital-Gain-taxscan.jpg "Piramal Enterprises Faces Setback: ITAT rules Rs. 92.7 Cr Compensation from termination as Business Income, Not Capital Gain [Read Order]")
AO Disallows System Development's Legal and Professional Charges as Capital Expenses: ITAT Directs Re-adjudication [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) has instructed the Assessing Officer (AO) to review the case involving the disallowance of legal and professional charges incurred for...
![AO Disallows System Developments Legal and Professional Charges as Capital Expenses: ITAT Directs Re-adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/AO-System-Developments-Legal-and-Professional-Charges-Legal-and-Professional-Charges-taxscan.jpg "AO Disallows System Developments Legal and Professional Charges as Capital Expenses: ITAT Directs Re-adjudication [Read Order]")