![Relief to Piramal Enterprises: ITAT directs AO to Re-adjudicate Disallowance of Payment Received as Consultancy Fees and Corporate Service Charges [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Relief-to-Piramal-Enterprises-Piramal-Enterprises-ITAT-AO-Re-adjudicate-taxscan.jpg "Relief to Piramal Enterprises: ITAT directs AO to Re-adjudicate Disallowance of Payment Received as Consultancy Fees and Corporate Service Charges [Read Order]")
Relief to Piramal Enterprises: ITAT directs AO to Re-adjudicate Disallowance of Payment Received as Consultancy Fees and Corporate Service Charges [Read Order]
In a recent decision, the Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) has provided relief to Piramal Enterprises by instructing the...
![Relief to UTI India Fund Unit Scheme: ITAT grants Exemption u/S 10(23D) of Income Tax Act as Offshore Fund Scheme maintained is approved unit by SEBI [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/UTI-India-Fund-Unit-Scheme-ITAT-uS-1023D-of-Income-Tax-Actfund-scheme-SEBI-TAXSCAN.jpg "Relief to UTI India Fund Unit Scheme: ITAT grants Exemption u/S 10(23D) of Income Tax Act as Offshore Fund Scheme maintained is approved unit by SEBI [Read Order]")
![ITAT nullifies Income Tax Additions in Penny Stock Deal for Quick Gains [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Penny-stock-gains-ITAT-Mumbai-Income-Tax-Appellate-Tribunal-Income-tax-additions-Taxation-on-penny-stocks-Income-Tax-taxscan.jpg "ITAT nullifies Income Tax Additions in Penny Stock Deal for Quick Gains [Read Order]")
![Municipal tax paid by society on behalf of flat owners is eligible for deduction u/s 24 of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Municipal-tax-society-flat-owners-eligible-deduction-Income-Tax-Act-ITAT-taxscan.jpg "Municipal tax paid by society on behalf of flat owners is eligible for deduction u/s 24 of Income Tax Act: ITAT [Read Order]")
Failure to submit relevant information to determine Actual Rent on Unfurnished Flat based on value of Furniture and Fittings of Furnished Flats: ITAT upholds Addition [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai bench, while upholding the addition made by the assessing officer, observed that the assessee failed to submit relevant information to determine the...
![Failure to submit relevant information to determine Actual Rent on Unfurnished Flat based on value of Furniture and Fittings of Furnished Flats: ITAT upholds Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Failure-submit-relevant-information-Actual-Rent-Unfurnished-Flat-Furniture-Fittings-of-Furnished-Flats-ITAT-upholds-Addition-taxscan.jpg "Failure to submit relevant information to determine Actual Rent on Unfurnished Flat based on value of Furniture and Fittings of Furnished Flats: ITAT upholds Addition [Read Order]")
ALP of ESOP Expenses cannot be taken as ‘Nil’ for determining Transfer pricing: ITAT grants relief to Booking.com [Read Order]
The Income Tax Appellate Tribunal (ITAT) Mumbai bench held that the Arm's Length Price of the Employee Stock Option Plan (ESOP) expenses could not be taken as "NIL" for determining transfer pricing. ...
![ALP of ESOP Expenses cannot be taken as ‘Nil’ for determining Transfer pricing: ITAT grants relief to Booking.com [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/ALP-of-ESOP-cannot-be-taken-determining-Transfer-pricing-ITAT-grants-Booking.com-TAXSCAN.jpg "ALP of ESOP Expenses cannot be taken as ‘Nil’ for determining Transfer pricing: ITAT grants relief to Booking.com [Read Order]")
Two FMV cannot be Considered for Same Property on Particular Date: ITAT Directs DVO to Determine FMV [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has directed the Departmental Valuation Officer (DVO) to determine the Fair Market Value (FMV) holding that the two FMV reports could not be...
![Two FMV cannot be Considered for Same Property on Particular Date: ITAT Directs DVO to Determine FMV [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Two-FMV-Same-Property-Particular-Date-ITAT-Directs-DVO-Determine-FMV-taxscan.jpg "Two FMV cannot be Considered for Same Property on Particular Date: ITAT Directs DVO to Determine FMV [Read Order]")
Relief to Gemological Institute of America, Indian Subsidiary Operating Independent manner does not Constitute PE: ITAT [Read More]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has granted relief to the Gemological Institute of America, as the Indian subsidiary operating in an independent manner would not constitute a...
![Relief to Gemological Institute of America, Indian Subsidiary Operating Independent manner does not Constitute PE: ITAT [Read More]](https://www.taxscan.in/wp-content/uploads/2023/09/Relief-Gemological-Institute-America-Indian-Subsidiary-Operating-Independent-manner-Constitute-PE-ITAT-taxscan.jpg "Relief to Gemological Institute of America, Indian Subsidiary Operating Independent manner does not Constitute PE: ITAT [Read More]")
Broadcasting Production Right doesn't fall under the Ambit of Royalty under Article 12 of U.S. Treaty: ITAT grants relief to Fox International Channels [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) while grating relief to Fox International Channels, held that broadcasting production rights doesn’t fall under the ambit of royalty under...
![Broadcasting Production Right doesnt fall under the Ambit of Royalty under Article 12 of U.S. Treaty: ITAT grants relief to Fox International Channels [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Broadcasting-Production-Ambit-Royalty-U-S-Treaty-ITAT-relief-Fox-International-Channels-TAXSCAN.jpg "Broadcasting Production Right doesnt fall under the Ambit of Royalty under Article 12 of U.S. Treaty: ITAT grants relief to Fox International Channels [Read Order]")
No disallowance of expenditure u/s 14A of Income Tax Act in absence of dividend Income from investments in equities: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) Mumbai bench held that there shall be no disallowance of expenditure under section 14A of Income Tax Act, 1961 in absence of dividend Income from the...
![No disallowance of expenditure u/s 14A of Income Tax Act in absence of dividend Income from investments in equities: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/No-disallowance-expenditure-Income-Tax-Act-absence-dividend-Income-investments-equities-ITAT-TAXSCAN.jpg "No disallowance of expenditure u/s 14A of Income Tax Act in absence of dividend Income from investments in equities: ITAT [Read Order]")
Services Rendered by Indian Company to Non-Resident Assessee on Principal to Principal basis based on Canvasser Agent Agreement not taxable in India: ITAT [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has held that the services rendered by Indian Company to non-resident assessee on principal-to-principal basis based on Canvasser Agent...
![Services Rendered by Indian Company to Non-Resident Assessee on Principal to Principal basis based on Canvasser Agent Agreement not taxable in India: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Services-Rendered-by-Indian-Company-to-Non-Resident-Assessee-on-Principal-to-Principal-Canvasser-Agent-Agreement-taxable-in-India-ITAT-TAXSCAN.jpg "Services Rendered by Indian Company to Non-Resident Assessee on Principal to Principal basis based on Canvasser Agent Agreement not taxable in India: ITAT [Read Order]")