![Notional Valuation cannot be made a Basis for Addition: ITAT deletes Addition of Closing Construction WIP [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Notional-Valuation-ITAT-Construction-WIP-taxscan.jpg "Notional Valuation cannot be made a Basis for Addition: ITAT deletes Addition of Closing Construction WIP [Read Order]")
Notional Valuation cannot be made a Basis for Addition: ITAT deletes Addition of Closing Construction WIP [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench has held that notional valuation cannot be made a basis for addition and deletes addition of...
![Addition of Reimbursement of Salary to Seconded Employee u/s 40(a)(ia): ITAT Remand matter back to AO [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Reimbursement-of-Salary-ITAT-AO-taxscan.jpg "Addition of Reimbursement of Salary to Seconded Employee u/s 40(a)(ia): ITAT Remand matter back to AO [Read Order]")
![ITAT dismisses Appeals on Failure of Resolution Professional to Amend Form No 36A [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/ITAT-resolution-professional-Form-No36A-taxscan.jpg "ITAT dismisses Appeals on Failure of Resolution Professional to Amend Form No 36A [Read Order]")
![Reliance on retracted Statements, Documents retrieved from Computer without following due procedure is invalid: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/retracted-statements-documents-computer-CESTAT-taxscan.jpeg "Reliance on retracted Statements, Documents retrieved from Computer without following due procedure is invalid: CESTAT [Read Order]")
![Penalty levied by SEBI for shortfall in margin money eligible for Deduction u/s 37: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Penalty-SEBI-Deduction-ITAT-taxscan.jpg "Penalty levied by SEBI for shortfall in margin money eligible for Deduction u/s 37: ITAT [Read Order]")
Opening Balance of Unsecured Loan cannot be treated as ‘Unexplained’: ITAT deletes Addition u/s 68 [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench has held that the opening balance of the unsecured loan cannot be treated as "unexplained" and deletes addition under section 68. The...
![Opening Balance of Unsecured Loan cannot be treated as ‘Unexplained’: ITAT deletes Addition u/s 68 [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Opening-Balance-Unsecured-Loan-ITAT-taxscan.jpg "Opening Balance of Unsecured Loan cannot be treated as ‘Unexplained’: ITAT deletes Addition u/s 68 [Read Order]")
Relief to Deloitte: Payments made to Deloitte Global Holdings Ltd under Shared Services Agreement are not Taxable as Royalty, rules ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench has held that payments made to Deloitte Global Holdings Ltd under the Shared Services Agreement are not taxable as royalty. The appellants,...
![Relief to Deloitte: Payments made to Deloitte Global Holdings Ltd under Shared Services Agreement are not Taxable as Royalty, rules ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Deloitte-Payments-Deloitte-Global-Holdings-Ltd-Services-Agreement-Taxable-ITAT-taxscan.jpeg "Relief to Deloitte: Payments made to Deloitte Global Holdings Ltd under Shared Services Agreement are not Taxable as Royalty, rules ITAT [Read Order]")
Domestic Transaction from a Related Party is not a Specified Domestic Transaction u/s 92BA: ITAT [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT), has held that a domestic transaction from a related party is not a specified domestic transaction under section 92BA. The appellant,...
![Domestic Transaction from a Related Party is not a Specified Domestic Transaction u/s 92BA: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Specified-Domestic-Transaction-ITAT-taxscan.jpg "Domestic Transaction from a Related Party is not a Specified Domestic Transaction u/s 92BA: ITAT [Read Order]")
Relief to Reliance Jio Infocomm: CESTAT allows benefit to SFP under Notification 24/2005Cus [Read Order]
Customs Excise and Service Tax Appellate Tribunal (CESTAT), Mumbai allowed benefit to Small Factor Pluggable (SFP) under Notification 24/2005Cus to Reliance Jio Infocomm. The respondents, Reliance...
![Relief to Reliance Jio Infocomm: CESTAT allows benefit to SFP under Notification 24/2005Cus [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Reliance-Jio-Infocomm-CESTAT-SFP-taxscan.jpg "Relief to Reliance Jio Infocomm: CESTAT allows benefit to SFP under Notification 24/2005Cus [Read Order]")
Amount paid for Land enhancement is Capital Expenditure, can avail Deduction u/s 48: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT)of the Mumbai bench held that the amount paid for land enhancement is capital expenditure and can avail deduction under section 48 of the Income Tax Act,1961. ...
![Amount paid for Land enhancement is Capital Expenditure, can avail Deduction u/s 48: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/land-enhancement-capital-expenditure-ITAT-taxscan.jpeg "Amount paid for Land enhancement is Capital Expenditure, can avail Deduction u/s 48: ITAT [Read Order]")
![ITAT quashes Scrutiny Assessment order without Proof of Service of Notice u/s 143 (2) [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/ITAT-Scrutiny-Assessment-Notice-taxscan.jpeg "ITAT quashes Scrutiny Assessment order without Proof of Service of Notice u/s 143 (2) [Read Order]")
Transfer Pricing benchmarking is based on Functional Profile of Tested Party: ITAT grants interim relief to Sulzer Tech India [Read Order]
The Income Tax Appellate Tribunal(ITAT), Mumbai bench has held that Transfer Pricing benchmarking is based on the functional profile of the tested party and granted interim relief to Sulzer Tech...
![Transfer Pricing benchmarking is based on Functional Profile of Tested Party: ITAT grants interim relief to Sulzer Tech India [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Transfer-Pricing-benchmarking-ITAT-Sulzer-Tech-India-taxscan.jpeg "Transfer Pricing benchmarking is based on Functional Profile of Tested Party: ITAT grants interim relief to Sulzer Tech India [Read Order]")