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Prashant Maharishi

ITAT Remands ₹5.41 Cr TDS Disallowance on US Remittance for Reassessment Under India-US DTAA [Read Order]

Nandan GK

The Income Tax Appellate Tribunal (ITAT) Bengaluru recently set aside a ₹5.41 crore TDS disallowance on payments made to a US-based entity for...

ITAT Allows Assessee to Withdraw Appeal, with Option to Revoke if Vivad Se Vishwas Scheme is...

Neither CIT(A) Nor AO Accurately Computed Taxpayer's Income: ITAT Remands Matter [Read Order]

ITAT Directs TPO to Reassess Intra-Group Service Payments and Arm's Length Pricing due to...

Interconnect Charges not Subject to Tax as Royalty: ITAT [Read Order]

Hardship allowances Received From Housing Developers to Compensate Dispossession are Non Taxable: ITAT [Read Order]

Recently in a case, the Income Tax Appellate Tribunal (ITAT) of Mumbai held that hardship and rehabilitation allowances received from housing developers as compensation for the hardship endured due...

ALP Adjustment not permissible on Notional Amount of Royalty Paid by Overseas Subsidiary: ITAT [Read Order]

The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) held that ALP Adjustment is not permissible on a notional amount of royalty paid by an overseas subsidiary and confirmed the CIT(A)'s...

ITAT directs re-adjudication with respect to date of Acquisition of Property to determine stamp Duty Value [Read Order]

The two member bench of Income Tax Appellate Tribunal (ITAT) Mumbai bench directed readjudication with respect to date of acquisition of property to determine the stamp duty value of immovable...

Penalty Notice issued without deleting or striking off inapplicable part: ITAT Deletes Penalty levied u/s 271(1)(c) of Income Tax Act [Read Order]

Mumbai bench of Income Tax Appellate Tribunal (ITAT), while deleting the penalty levied under Section 271(1)(c) of the Income Tax Act, 1961 the bench held that penalty notice was issued...

Assessment order passed u/s 143(3) of Income Tax Act: ITAT remands matter to provide fair opportunity of hearing [Read Order]

The Mumbai Bench of the Income Tax Appellate Tribunal ( ITAT ) has remanded the matter concerning the assessment order passed under section 143(3) of the Income Tax Act to ensure a fair opportunity...

Sale and Purchase of Immovable Property not disclosed in Original Return: ITAT upholds Reassessment Proceedings [Read Order]

The Income Tax Appellate Tribunal (ITAT), Mumbai bench, while upholding the reassessment proceedings, held that the sale and purchase of immovable property by the assessee were not disclosed in the...

Setback to Moraj Director Priya Gurnani: ITAT dismisses Claim of Vacancy Allowance [Read Order]

In a major setback to the Moraj Group Director Priya M Gurnani, the Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) dismissed the claim of vacancy allowance with respect to house properties...