![ITAT rules Capital Gains from Trademark Sale by Johnson & Johnson as Long-Term, Stating Non-Eligibility for Depreciation u/s 50 [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Johnson-Johnson-1.jpg "ITAT rules Capital Gains from Trademark Sale by Johnson & Johnson as Long-Term, Stating Non-Eligibility for Depreciation u/s 50 [Read Order]")
ITAT rules Capital Gains from Trademark Sale by Johnson & Johnson as Long-Term, Stating Non-Eligibility for Depreciation u/s 50 [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal(ITAT)ruled that the capital gains from the sale of trademarks "Coldarin" and "Raricap" by Johnson...
![DVO Valuation Exceeding Stamp Duty Value: ITAT Upholds Addition Based on DVO’s Report [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/DVO-Valuation-Exceeding-Stamp-Duty-Value-ITAT-DVOs-Report-TAXSCAN.jpg "DVO Valuation Exceeding Stamp Duty Value: ITAT Upholds Addition Based on DVO’s Report [Read Order]")
![Relief to Make My Trip: ITAT Quashes Revision Order Noting AOs Proper Inquiry on ESOP Expenses [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Make-my-Trip.jpg "Relief to Make My Trip: ITAT Quashes Revision Order Noting AOs Proper Inquiry on ESOP Expenses [Read Order]")
![CIT(A) Must Decide on Merits Even in Ex Parte Cases: ITAT Remands Income Addition Dispute Matter [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/ITAT-ITAT-Pune-Ex-Parte-Ex-Parte-Cases-taxscan.jpg "CIT(A) Must Decide on Merits Even in Ex Parte Cases: ITAT Remands Income Addition Dispute Matter [Read Order]")
Rental Income from Business Assets to be Taxed Under 'Income from House Property', Not as Business Income: ITAT [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) ruled that rental income from business assets should be treated as "Income from House Property" and not business income. Janak...
![Rental Income from Business Assets to be Taxed Under Income from House Property, Not as Business Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/ITAT-ITAT-Mumbai-Income-from-House-Property-Business-Assets-taxscan.jpeg "Rental Income from Business Assets to be Taxed Under Income from House Property, Not as Business Income: ITAT [Read Order]")
![ITAT limits Disallowance in Circular Trading Case to 0.30% [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-ITAT-Ahmedabad-Disallowance-Circular-Trading-Case-taxsan.jpg "ITAT limits Disallowance in Circular Trading Case to 0.30% [Read Order]")
ICAI introduces New Balance Sheet Format for Non-Corporate Entities, Increased Audit Reporting and Compliance Forecasted [Read Order]
The Institute of Chartered Accountants of India ( ICAI ) has advised Chartered Accountants (CA) of increased requirements in audit and compliance reporting as a new format for maintaining balance...
Demonetization Cash Deposits: ITAT directs Fresh Assessment, Gives Assessee Opportunity to Submit Relevant Documents [Read Order]
In a significant ruling, the Income Tax Appellate Tribunal ( ITAT ) Chennai Bench has remanded the case of Ramesh Sreenivasalu for fresh assessment, directing the Assessing Officer (AO) to reconsider...
![Demonetization Cash Deposits: ITAT directs Fresh Assessment, Gives Assessee Opportunity to Submit Relevant Documents [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-ITAT-Chennai-Assessment-Demonetization-Cash-Deposits-Demonetization-taxscan.jpg "Demonetization Cash Deposits: ITAT directs Fresh Assessment, Gives Assessee Opportunity to Submit Relevant Documents [Read Order]")
No Interference with Trading Results and Gross Profits if Proof of Sales, Purchases, Quantity, Delivery, and Payment are Provided: ITAT [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) while adjudicating a issue pertaining to additions based on alleged bogus purchases ruled that the trading results and gross profits...
![No Interference with Trading Results and Gross Profits if Proof of Sales, Purchases, Quantity, Delivery, and Payment are Provided: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-ITAT-Mumbai-Trading-Results-Taxscan-.jpg "No Interference with Trading Results and Gross Profits if Proof of Sales, Purchases, Quantity, Delivery, and Payment are Provided: ITAT [Read Order]")
ITAT Holds Service Receipts Not Taxable as FTS under India-Singapore DTAA due to Lack of Knowledge Transfer [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) held that service receipts from maintenance, support, and additional services provided by the assessee were not taxable as fees for technical...
![ITAT Holds Service Receipts Not Taxable as FTS under India-Singapore DTAA due to Lack of Knowledge Transfer [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-ITAT-Mumbai-ITAT-Holds-Service-Receipts-taxable-as-FTS-Taxscan.jpg "ITAT Holds Service Receipts Not Taxable as FTS under India-Singapore DTAA due to Lack of Knowledge Transfer [Read Order]")
ITAT Strikes Down Excessive S.14A Disallowance Due to AO’s Failure to Record Dissatisfaction [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) struck down an excessive disallowance made under Section 14A of the Income Tax Act, 1961 as the Assessing Officer (AO) had failed to...
![ITAT Strikes Down Excessive S.14A Disallowance Due to AO’s Failure to Record Dissatisfaction [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-Down-Excessive-Disallowance-Record-Dissatisfaction-taxscan.jpg "ITAT Strikes Down Excessive S.14A Disallowance Due to AO’s Failure to Record Dissatisfaction [Read Order]")