![No disallowance on payment towards obtaining Club Membership: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/No-disallowance-payment-obtaining-Club-Membership-ITAT-TAXSCAN.jpg "No disallowance on payment towards obtaining Club Membership: ITAT [Read Order]")
No disallowance on payment towards obtaining Club Membership: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) of Mumbai Bench held that payment made towards obtaining club membership should not be disallowed. The...
![ITAT allows CSR Expenditure on Community Development, and Environment, Health and Safety Expenses [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/ITAT-CSR-Expenditure-Community-Development-Environment-Health-Safety-Expenses-TAXSCAN.jpg "ITAT allows CSR Expenditure on Community Development, and Environment, Health and Safety Expenses [Read Order]")
![ITAT deletes Addition made by disallowance of Interest Expenses accrued from Investment made in Shares and Securities [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/ITAT-deletes-Addition-made-by-disallowance-of-Interest-Expenses-accrued-from-Investment-made-in-Shares-and-Securities-TAXSCAN.jpg "ITAT deletes Addition made by disallowance of Interest Expenses accrued from Investment made in Shares and Securities [Read Order]")
![Partner Lending Loan to Firm out of Bank Term Loan Eligible for Deduction of Net Interest Income u/s 57 of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Bank-Term-Loan-Net-Interest-Income-Tax-Act-ITAT-TAXSCAN.jpg "Partner Lending Loan to Firm out of Bank Term Loan Eligible for Deduction of Net Interest Income u/s 57 of Income Tax Act: ITAT [Read Order]")
![Addition cannot be Made Merely Because Assesees’ Name Appeared in Documents found during Search: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Addition-Documents-found-Documents-ITAT-Income-Tax-Tax-taxscan.jpg "Addition cannot be Made Merely Because Assesees’ Name Appeared in Documents found during Search: ITAT [Read Order]")
Business Profits of Current Year accrue only at the Year End: ITAT deletes Addition u/s 2(22)(e) [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has recently held that the business profits of a financial year gets accrued only at the end of the year, deleting the addition under...
![Business Profits of Current Year accrue only at the Year End: ITAT deletes Addition u/s 2(22)(e) [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Business-Profits-ITAT-Addition-TAXSCAN.jpg "Business Profits of Current Year accrue only at the Year End: ITAT deletes Addition u/s 2(22)(e) [Read Order]")
Branding Expenses by Start-Up before Commencement of Business constitute “Business Loss”: ITAT [Read Order]
In a recent case, the Mumbai bench of the Income Tax Appellate Tribunal (ITAT) held that branding expenses by a Start-Up before the commencement of business constitute “Business Loss” and a claim by...
![Branding Expenses by Start-Up before Commencement of Business constitute “Business Loss”: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Branding-Expenses-Start-Up-Commencement-of-Business-Business-Loss-ITAT-Income-Tax-taxscan-.jpg "Branding Expenses by Start-Up before Commencement of Business constitute “Business Loss”: ITAT [Read Order]")
![SOR Arrangement not comes in ambit of Work Contract u/s 194C, No TDS: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Retail-stores-SOR-Arrangement-Work-Contract-TDS-ITAT-taxscan.jpg "SOR Arrangement not comes in ambit of Work Contract u/s 194C, No TDS: ITAT [Read Order]")
Relief to Vinati Organics: ITAT confirms Treating Sale Tax Subsidy received as Capital Receipt [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) granted relief to M/s Vinati Organics Ltd, the assessee and confirmed treating sale tax subsidy received as capital receipt. The return...
![Relief to Vinati Organics: ITAT confirms Treating Sale Tax Subsidy received as Capital Receipt [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Vinati-Organics-ITAT-Sale-Tax-Subsidy-received-Capital-Receipt-TAXSCAN.jpg "Relief to Vinati Organics: ITAT confirms Treating Sale Tax Subsidy received as Capital Receipt [Read Order]")
Failure to Prove Creditworthiness of Concerns Involved or genuineness of Transaction: ITAT upholds Income Tax Addition on Share Application Money [Read Order]
The Income Tax Appellate Tribunal(ITAT), Mumbai Bench, has recently in an appeal filed before it, held that addition can be made in respect of share application money, upon the failure of the assesse...
![Failure to Prove Creditworthiness of Concerns Involved or genuineness of Transaction: ITAT upholds Income Tax Addition on Share Application Money [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Creditworthiness-Concerns-Involved-genuineness-Transaction-Income-Tax-Share-Application-Money-TAXSCAN.jpg "Failure to Prove Creditworthiness of Concerns Involved or genuineness of Transaction: ITAT upholds Income Tax Addition on Share Application Money [Read Order]")
Assessing Officer allowed Income Tax Deduction in the form of Amortization of Premium with due verification: ITAT sets aside Revisional Order [Read Order]
Assessing Officer allowed the Income Tax deduction in the form of amortization of premium with due verification, and the Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has set aside the...
![Assessing Officer allowed Income Tax Deduction in the form of Amortization of Premium with due verification: ITAT sets aside Revisional Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Assessing-Officer-Income-Tax-Deduction-Amortization-Premium-ITAT-Revisional-Order-taxscan.jpeg "Assessing Officer allowed Income Tax Deduction in the form of Amortization of Premium with due verification: ITAT sets aside Revisional Order [Read Order]")
Relief to TATA AIG General Insurance: No TDS on Payments to Foreign Insurers, rules ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai bench, in a major relief to M/s TATA AIG General Insurance Company Ltd, held that any payment made by the assessee company to such foreign insurers...
![Relief to TATA AIG General Insurance: No TDS on Payments to Foreign Insurers, rules ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/TATA-AIG-General-Insurance-TDS-Payments-Foreign-Insurers-taxscan.jpg "Relief to TATA AIG General Insurance: No TDS on Payments to Foreign Insurers, rules ITAT [Read Order]")