ITAT Mumbai rules that Gemological Research (Thailand) has no PE in India; diamond grading services not taxable under India-Thailand DTAA.
Dassault Systemes SolidWorks Corporation Vs ACIT (ITAT Mumbai) DTAA Overrides Domestic Law – Tribunal Quashes Royalty Addition on ₹151.83 Cr Software Sales; ITAT Mumbai: Sale of Shrink-Wrapped Software Not Taxable as Royalty – Relief to Dassault SolidWorks Background Assessee, a US tax resident, develops & markets 3D mechanical design software. Entered into distribution agreements with Indian […]
ITAT Mumbai deletes Rs.9.87 Cr additions under Section 68 against Jamini Industries; accepts creditors’ documents, finds AO failed in proper verification.
ITAT Jaipur allows deduction u/s 80P on interest earned from bank FDs and investments for a credit co-operative society, distinguishing the Totgars case and following CBDT clarifications.
The ITAT offers partial relief to Saket Bansal and Abhishek Bansal, explaining a portion of seized jewellery in a tax dispute. Learn about the tribunal’s decision.
The ITAT Jaipur has quashed a PCIT’s revision order, holding that a Principal Commissioner cannot override an Assessing Officer’s plausible view with a mere suspicion.
The ITAT Jaipur invalidates a reassessment order against Anusha Finvest Pvt. Ltd., ruling that reopening on “borrowed satisfaction” without independent inquiry is illegal.
ITAT Mumbai rules land compensation as non-taxable, upholds consistency. Salary and interest deductions allowed. Revenue barred from changing stand.
ITAT Hyderabad deletes Rs.1.58 Cr penalty under Sec. 270A due to lack of AO’s satisfaction and bonafide error in excess loss claim by United Steel Allied.
ITAT Kolkata quashes reassessment as escaped income was under ₹50L. Notice u/s 148 held invalid for being issued after 6 years from relevant AY.
