![Notice u/s 143(2) served on Wrong Address invalidates Assessment Order: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Notice-Assessment-Order-ITAT-taxscan.jpg "Notice u/s 143(2) served on Wrong Address invalidates Assessment Order: ITAT [Read Order]")
Notice u/s 143(2) served on Wrong Address invalidates Assessment Order: ITAT [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has ruled that notice u/s 143(2) served on wrong address invalidates the assessment...
![Freight Charges received from Transportation of Cargo through Feeder Vessels covered under India–France Tax Treaty, No TDS in India: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Freight-Charges-Transportation-Cargo-Feeder-Vessels-India�France-Tax-Treaty-TDS-ITAT-taxscan.jpeg "Freight Charges received from Transportation of Cargo through Feeder Vessels covered under India–France Tax Treaty, No TDS in India: ITAT [Read Order]")
![Rental Income from IT Park is Income from Business: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/Rental-income-IT-Park-Income-from-Business-ITAT-taxscan.jpeg "Rental Income from IT Park is Income from Business: ITAT [Read Order]")
![No Tax Liability on Compensation received towards Interest cost, Insurance cost, Cost of Modification and Validation of the Assets, Warranty, Restating, etc.: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Tax-Liability-Compensation-Interest-cost-Insurance-cost-Modification-Assets-Warranty-ITAT-taxscan.jpg "No Tax Liability on Compensation received towards Interest cost, Insurance cost, Cost of Modification and Validation of the Assets, Warranty, Restating, etc.: ITAT [Read Order]")
![TPO adopts Wrong Gross Profit Margin of Comparable Company: ITAT deletes Transfer Pricing Adjustment on International Transaction [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/TPO-Gross-Profit-Margin-Company-ITAT-Transfer-pricing-Adjustment-International-Transaction-Taxscan.jpg "TPO adopts Wrong Gross Profit Margin of Comparable Company: ITAT deletes Transfer Pricing Adjustment on International Transaction [Read Order]")
Income Tax: Permanent Establishment of Company fiscally domiciled in UK is not Taxable Unit in India, rules ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench ruled that the Taxable unit is a Foreign Company and not its branch or Permanent Establishment (PE) in India. The assessee, Morgan Stanley...
![Income Tax: Permanent Establishment of Company fiscally domiciled in UK is not Taxable Unit in India, rules ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/05/Income-Tax-PE-of-a-company-ITAT-Taxscan.jpg "Income Tax: Permanent Establishment of Company fiscally domiciled in UK is not Taxable Unit in India, rules ITAT [Read Order]")
ITAT restore issue back to AO to determine eligibility for Deduction of Amount paid as Cess [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench restored the issue back to AO to determine eligibility for deduction of the amount paid as Cess. The assessee, Sulzer Pumps India Limited has...
![ITAT restore issue back to AO to determine eligibility for Deduction of Amount paid as Cess [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/ITAT-AO-eligibility-for-deduction-Cess-Taxscan.jpg "ITAT restore issue back to AO to determine eligibility for Deduction of Amount paid as Cess [Read Order]")
ITAT deletes disallowance on account of Loss on Share Trading as not supported by reasonable basis [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench deleted the disallowance on account of loss on share trading as not supported by a reasonable basis. The assessee, M/s. UBS Securities India...
![ITAT deletes disallowance on account of Loss on Share Trading as not supported by reasonable basis [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/ITAT-disallowance-on-account-of-loss-share-trading-Taxscan.jpg "ITAT deletes disallowance on account of Loss on Share Trading as not supported by reasonable basis [Read Order]")
ITAT directs AO to allow set off of Capital Loss carried forward against Capital Gains earned [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench directed the AO to allow set-off of capital loss carried forward against capital gains earned. The assessee-company, M/s Apollo Finvest...
![ITAT directs AO to allow set off of Capital Loss carried forward against Capital Gains earned [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/01/ITAT-AO-capital-loss-capital-gains-Taxscan.jpg "ITAT directs AO to allow set off of Capital Loss carried forward against Capital Gains earned [Read Order]")
Disallowance can’t be more than the Income earned by assessee: ITAT grants relief to Oman International Bank [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench while remitting the matter back to the AO held that the disallowance cannot be more than the income earned by the assessee. The assessee,...
![Disallowance can’t be more than the Income earned by assessee: ITAT grants relief to Oman International Bank [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/09/Oman-International-Bank-ITAT-disallowance-Income-earned-assessee-Taxscan.jpg "Disallowance can’t be more than the Income earned by assessee: ITAT grants relief to Oman International Bank [Read Order]")
ITAT deletes Addition since Transaction of Rendering Marketing Services of Channel Placement Rights with Broadcasters was Deductible under Domestic Transfer Pricing provisions [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) in the case of Hathway Cable and Datacom Ltd v DCIT deletes addition on the ground that transaction of rendering marketing services of channel...
![ITAT deletes Addition since Transaction of Rendering Marketing Services of Channel Placement Rights with Broadcasters was Deductible under Domestic Transfer Pricing provisions [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/01/Marketing-Services-Broadcasters-Digital-Cable-Pricing-ITAT-Taxscan.jpg "ITAT deletes Addition since Transaction of Rendering Marketing Services of Channel Placement Rights with Broadcasters was Deductible under Domestic Transfer Pricing provisions [Read Order]")
![Half Yearly Income Tax Digest: ITAT Rulings 2024 [Part III]](https://www.taxscan.in/wp-content/uploads/2024/07/ITAT-CASE-DIGEST-part-3.jpg "Half Yearly Income Tax Digest: ITAT Rulings 2024 [Part III]")