![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]")
Non-Grant of TDS credit: ITAT directs re adjudication [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Mumbai bench directed a readjudication with respect to the denial to grant Tax Deduction at Source ( TDS...
![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]](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]](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]](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]")
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 Assessing Officer ( AO ) to reassess the...
![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]")
Comparable chosen for ITES and IT segment are within tolerance limit provided in proviso to Section 92CA Income Tax Act: ITAT dismiss revenue Appeal
The Mumbai bench of Income Tax Appellate Tribunal ( ITAT ) while dismissing the revenue appeal held that the comparable chosen for ITES and IT segment are within the tolerance limit provided in...
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]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has granted relief to UTI India Fund Unit Scheme by exempting it under section 10(23D) of the Income Tax Act 1961. This decision stems...
![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]
The Income Tax Appellate Tribunal (ITAT) Mumbai bench held that municipal tax paid by the society on behalf of flat owners is eligible for deduction under Section 24 of the Income Tax Act, 1961. ...
![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]")