Courts: ITAT Mumbai
5,844 articlesIncome Tax
Income Tax
ITAT held that sale of shares by the assessee to the firm in which he is a Partner as a genuine transaction
Income Tax
Income Tax
In the absence of valid comparable data furnished by the assessee, the use of comparables comparable controlled transactions for the purposes of benchmarking controlled transactions is permissible
Income Tax
Income Tax
No depreciation allowable on BSE membership card post corporatization of BSE
Income Tax
Income Tax
No deduction of TDS u/s. 194-I on ‘Rent’ Without Control’ Over Asset
Income Tax
Income Tax
Sales tax incentive have direct nexus with the manufacturing activity, Commission paid to related parties at rates higher then unbrelated parties not allowable
Income Tax
Income Tax
Interest on Interest free loan given for business purpose cannot be disallowed – ITAT Mumbai
Income Tax
Income Tax
If quantum assessment restored to file of AO, then penalty order will not survive
Income Tax
Income Tax
If borrowed amount not used to earn exempt Income, no disallowance can be made U/s. 14A
Income Tax
Income Tax
Sale of Software without granting right to duplicate, amounts to sale of copyrighted article and not the transfer of copyright and therefore not taxable as ‘Royalty’
Income Tax
Income Tax
Payments received by a non-resident for Value Added Services (VAS) is partly treated as ‘Royalty’ and partly as ‘Fees for Technical Services’ under India-UK tax treaty
Income Tax
Income Tax
S. 263 – AO’s acceptance of Jurisdictional HC Law may be ‘erroneous & prejudicial
Income Tax
Income Tax
Transaction cannot be treated as Bogus merely for being a Off market transaction
Income Tax
Income Tax
Section 153A – Assessee Entitled To Raise Fresh Claims – ITAT Mumbai
Income Tax
Income Tax
