![‘Market to Market Loss’ in Forex Business is Not Notional Loss, Allowable as Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Market-to-Market-Loss-Forex-Business-Notional-Loss-Expenditure-ITAT-TAXSCAN.jpg "‘Market to Market Loss’ in Forex Business is Not Notional Loss, Allowable as Expenditure: ITAT [Read Order]")
‘Market to Market Loss’ in Forex Business is Not Notional Loss, Allowable as Expenditure: ITAT [Read Order]
The Mumbai Income Tax Appellate Tribunal (ITAT) recently held that market to market loss in forex business has no notional loss which was allowable...
![Information relied upon by AO does not have any bearing to Search Conducted: ITAT deletes S. 153C Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Information-AO-Search-Conducted-ITAT-TAXSCAN.jpg "Information relied upon by AO does not have any bearing to Search Conducted: ITAT deletes S. 153C Addition [Read Order]")
![ITAT directs to Allow Capital Gain Exemption Considering Date of Acquisition of Property as per Allotment Letter [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/ITAT-Capital-Gain-Exemption-Acquisition-Property-Allotment-Letter-TAXSCAN.jpg "ITAT directs to Allow Capital Gain Exemption Considering Date of Acquisition of Property as per Allotment Letter [Read Order]")
![Appellate Authorities under Income Tax Act have Jurisdiction to Entertain Additional Claim: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Authorities-Income-Tax-Act-Additional-Claim-ITAT-TAXSCAN.jpg "Appellate Authorities under Income Tax Act have Jurisdiction to Entertain Additional Claim: ITAT [Read Order]")
![Foreign Tax Credit Allowable If Form 67 filed Before Income Tax Due Date: ITAT grants Relief to Actress Sonakshi Sinha [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Foreign-Tax-Credit-Income-Tax-Due-Date-ITAT-Actress-Sonakshi-Sinha-taxscan.jpg "Foreign Tax Credit Allowable If Form 67 filed Before Income Tax Due Date: ITAT grants Relief to Actress Sonakshi Sinha [Read Order]")
Delay of 163 days due to Late Receipt of Intimation u/s 143(1) via E-Mail: ITAT allows delay Condonation Petition filed by IOB Employees Co-operative Society [Read Order]
Income Tax Appellate Tribunal (ITAT), Mumbai allowed delay condonation petition filed by Indian Overseas Bank Employees Co-operative Society on delay of 163 days due to late receipt of intimation...
![Delay of 163 days due to Late Receipt of Intimation u/s 143(1) via E-Mail: ITAT allows delay Condonation Petition filed by IOB Employees Co-operative Society [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/receipt-of-intimation-ITAT-condonation-petition-IOB-Employees-Co-operative-Society-taxscan.jpg "Delay of 163 days due to Late Receipt of Intimation u/s 143(1) via E-Mail: ITAT allows delay Condonation Petition filed by IOB Employees Co-operative Society [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]")
![Normal Income Tax Slab Rates applicable to Estate of Deceased Assessee: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Income-Tax-Slab-Rates-Deceased-Assessee-ITAT-taxscan.jpg "Normal Income Tax Slab Rates applicable to Estate of Deceased Assessee: ITAT [Read Order]")
Deduction u/s 80IB can be disallowed for Sale of Scrap generated during manufacturing process: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) comprising Shri Prashant Maharishi, AM and Shri Pavan Kumar Gadale, JM has held that deduction u/s 80IB can be disallowed for the sale of...
![Deduction u/s 80IB can be disallowed for Sale of Scrap generated during manufacturing process: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Deduction-sale-scrap-manufacturing-process-ITAT-taxscan.jpg "Deduction u/s 80IB can be disallowed for Sale of Scrap generated during manufacturing process: ITAT [Read Order]")
No Transfer Pricing Adjustment u/s 92CA(3) of Reimbursement of Expenses incurred by Assessee on behalf of AE's: ITAT [Read Order]
The Mumbai Income Tax Appellate Tribunal has held that no transfer pricing adjustment u/s 92CA(3) of reimbursement of expenses incurred by assessee on behalf of Associated Enterprices. The...
![No Transfer Pricing Adjustment u/s 92CA(3) of Reimbursement of Expenses incurred by Assessee on behalf of AEs: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Transfer-Pricing-Adjustment-Expenses-Assessee-AE-ITAT-taxscan.jpg "No Transfer Pricing Adjustment u/s 92CA(3) of Reimbursement of Expenses incurred by Assessee on behalf of AEs: ITAT [Read Order]")
![State Authorities and Tax Departments cannot challenge Resolution Plan: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/State-Authorities-Tax-Depts-Resolution-Plan-ITAT-taxscan.jpg "State Authorities and Tax Departments cannot challenge Resolution Plan: ITAT [Read Order]")