![Setback to Moraj Director Priya Gurnani: ITAT dismisses Claim of Vacancy Allowance [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/ITAT-Moraj-Director-Priya-Gurnani-Claim-Allowance-taxscan.jpg "Setback to Moraj Director Priya Gurnani: ITAT dismisses Claim of Vacancy Allowance [Read Order]")
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...
![Compensation paid for closure of agreement entered with Private Company in Real Estate Development Business is allowable expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Compensation-paid-ITAT-income-tax-news-Mumbai-bench-taxscan.jpg "Compensation paid for closure of agreement entered with Private Company in Real Estate Development Business is allowable expenditure: ITAT [Read Order]")
![Employee’s contribution to PF & ESIC shall not be allowed deduction when Deposited belatedly after Due date and before filling ITR: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Employees-contribution-PF-ESIC-Employees-contribution-to-PF-ESIC-deduction-taxscan.jpg "Employee’s contribution to PF & ESIC shall not be allowed deduction when Deposited belatedly after Due date and before filling ITR: ITAT [Read Order]")
![Excess interest paid to partners due to mistake in Tax Audit Report: ITAT directs Readjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Excess-interest-paid-to-partners-mistake-in-Tax-Audit-Report-ITAT-Readjudication-taxscan.jpg "Excess interest paid to partners due to mistake in Tax Audit Report: ITAT directs Readjudication [Read Order]")
![Interest received by Cooperative Societies from Cooperative Banks Eligible for Deduction under Section 80P of Income Tax: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Interest-received-by-Cooperative-Societies-Cooperative-Banks-Eligible-for-Deduction-Income-Tax-ITAT-TAXSCAN.jpg "Interest received by Cooperative Societies from Cooperative Banks Eligible for Deduction under Section 80P of Income Tax: ITAT [Read Order]")
Comparison with Fair Market value of Loan Interest not Made while Making Disallowance u/s 40A(2)(a): ITAT Deletes Disallowance [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has deleted the disallowance holding that the comparison with fair market value of loan interest was not made while making disallowance under...
![Comparison with Fair Market value of Loan Interest not Made while Making Disallowance u/s 40A(2)(a): ITAT Deletes Disallowance [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Comparison-with-Fair-Market-value-of-Loan-Interest-Fair-Market-value-Loan-Interest-ITAT-Deletes-Disallowance-income-tax-act-income-tax-Disallowance-ITAT-Fair-Market-value-of-Loan-Interest.jpg "Comparison with Fair Market value of Loan Interest not Made while Making Disallowance u/s 40A(2)(a): ITAT Deletes Disallowance [Read Order]")
Valuation of Sale Consideration shall be made after seeking Valuation Report from Valuation Officer as per Section 50C of Income Tax Act: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) held that the valuation of the sale consideration shall be made after seeking the valuation report from the valuation officer as per...
![Valuation of Sale Consideration shall be made after seeking Valuation Report from Valuation Officer as per Section 50C of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Valuation-of-Sale-Consideration-seeking-Valuation-Report-Valuation-Officer-Income-Tax-Act-ITAT-TAXSCAN.jpg "Valuation of Sale Consideration shall be made after seeking Valuation Report from Valuation Officer as per Section 50C of Income Tax Act: ITAT [Read Order]")
Allowability of expenditure u/s 40A(2) for the transfer pricing made in respect of specified domestic transaction not sustainable: ITAT directs Re-Adjudication [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) held that provisions of Section 40A (2) of the IT act governs the allowability of expenditure, thus the assessment of AO unsustainable. ...
![Allowability of expenditure u/s 40A(2) for the transfer pricing made in respect of specified domestic transaction not sustainable: ITAT directs Re-Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Allowability-of-expenditure-transfer-pricing-respect-specified-domestic-transaction-sustainable-ITAT-Re-Adjudication-RAXSCAN-1.jpg "Allowability of expenditure u/s 40A(2) for the transfer pricing made in respect of specified domestic transaction not sustainable: ITAT directs Re-Adjudication [Read Order]")
ITAT directs AO to Share Information of Beneficiaries of Leading Kingpins Providing Bogus Long Term Capital Gains within 90 days [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has directed the Assessing Officer (AO) to share information of beneficiaries of leading kingpins providing bogus long term capital gains...
![ITAT directs AO to Share Information of Beneficiaries of Leading Kingpins Providing Bogus Long Term Capital Gains within 90 days [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/ITAT-AO-ITAT-directs-AO-Information-Beneficiaries-Beneficiaries-of-Leading-Kingpins-taxscan.jpg "ITAT directs AO to Share Information of Beneficiaries of Leading Kingpins Providing Bogus Long Term Capital Gains within 90 days [Read Order]")
ITAT issues Corrigendum for typographical errors in tribunal order in Deutsche Asset Management's Case [Read Order]
The Income Tax Appellate Tribunal (ITAT) Mumbai bench has issued a corrigendum for typographical errors in tribunal order in Deutsche Asset Management's Case. Assessee, Deutsche Asset Management...
![ITAT issues Corrigendum for typographical errors in tribunal order in Deutsche Asset Managements Case [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/ITAT-Corrigendum-typographical-tribunal-Deutsche-Asset-Management-Case-TAXSCAN-1.jpg "ITAT issues Corrigendum for typographical errors in tribunal order in Deutsche Asset Managements Case [Read Order]")
Mere Delivery Contract provided for Delivery of Securities to the Broker is not Sufficient to Claim Loss in Stock Exchange: ITAT Allows Appeal [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) held that mere fact that the delivery contract provides for delivery of the securities to the broker is not sufficient and does not meet the...
![Mere Delivery Contract provided for Delivery of Securities to the Broker is not Sufficient to Claim Loss in Stock Exchange: ITAT Allows Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Mere-Delivery-Contract-Delivery-Contract-Mere-Delivery-Contract-provided-for-Delivery-of-Securities-Securities-Claim-Claim-Loss-in-Stock-Exchange-ITAT-taxscan.jpg "Mere Delivery Contract provided for Delivery of Securities to the Broker is not Sufficient to Claim Loss in Stock Exchange: ITAT Allows Appeal [Read Order]")
Foreign Tax Credit cannot be Denied if Form 67 Prescribed under Rule 128 of Income Tax Rules not Filed but filed before Completion of Assessment: ITAT [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has held that the foreign Tax Credit (FTC) could not be denied if form no.67 prescribed under rule 128 of the Income Tax Rules were not filed...
![Foreign Tax Credit cannot be Denied if Form 67 Prescribed under Rule 128 of Income Tax Rules not Filed but filed before Completion of Assessment: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Foreign-Tax-Credit-Denied-Rule-128-Income-Tax-Filed-filed-Completion-Assessment-ITAT-TAXSCAN.jpg "Foreign Tax Credit cannot be Denied if Form 67 Prescribed under Rule 128 of Income Tax Rules not Filed but filed before Completion of Assessment: ITAT [Read Order]")