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Search Results for "income tax appellate tribunal News | Supremetoday AI"
ATMs are Computers for Depreciation Purposes, ITAT Chennai Upholds 40% Rate in Favour of Financial Software and Systems Pvt. Ltd.
#TransferPricing #CorporateTax #ITATChennai
ITAT Chennai Grants Major Relief to Financial Software and Systems; Upholds 40% Depreciation on ATMs and Deletes Key Adjustments CHENNAI– In a significant ruling, the Income Tax Appellate Tribunal (ITAT), Chennai Bench, has provided substantial relief to M/s. Financial Software and Systems Pr...
Assessee Can Claim Additional Deductions During Appeal Proceedings Even if Not Claimed in Original Return: Ahmedabad ITAT
IncomeTax ITAT ESOP
ITAT Allows Arvind Ltd's Additional Claims, Upholds ESOP Deductibility in Major Win for Taxpayer Ahmedabad, July 3, 2025– In a significant ruling that reinforces taxpayer rights, the Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) has held that an assessee can raise additional cla...
SBN Deposits During Demonetisation: Addition u/s 69A Cannot Be Solely Based on Violation of Notification, Must Follow CBDT's SOP: ITAT Hyderabad
#IncomeTax #Demonetisation #ITAT
ITAT Remands ₹39.66 Cr Demonetisation Case, Says Tax Dept Can't Ignore CBDT's SOP for Cash Deposits Hyderabad:In a significant ruling concerning cash deposits during the 2016 demonetisation period, the Income Tax Appellate Tribunal (ITAT), Hyderabad Bench, has set aside an addition of ₹39.66 ...
Keyman Insurance Premium Deductible U/S 37(1) Even if Policy is Endowment Type; Assignment of Policy is Critical: Ahmedabad ITAT
#KeymanInsurance #Section37 #TaxTribunal
Keyman Insurance Premium Deductible Based on Substance, Not Form: ITAT Remands Case for Verification Ahmedabad: In a significant ruling on the deductibility of Keyman Insurance Policy premiums, the Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) has held that the commercial substa...
Filing Form 10 Before Assessment Completion is Sufficient Compliance for Claiming Exemption U/S 11(2): ITAT Kolkata
IncomeTax ITATKolkata Section11
Filing Form 10 Before Assessment Ends is Sufficient Compliance, Pre-Printed Certificates Don't Invalidate Corpus Donations: ITAT Kolkata Kolkata, July 28, 2025- In a significant ruling for charitable organizations, the Income Tax Appellate Tribunal (ITAT), Kolkata Bench, has held that filing ...
Statement Recorded During Survey u/s 133A Has No Evidentiary Value; Cannot Be Sole Basis for Addition: ITAT Jaipur
#IncomeTax #TaxLaw #ITAT
Statement Under S.133A Survey Has No Evidentiary Value, Can't Be Sole Basis for Addition: ITAT Jaipur Deletes ₹1.27 Cr Addition Jaipur:The Income Tax Appellate Tribunal (ITAT), Jaipur Bench, has delivered a significant ruling, holding that a statement recorded during a survey operation under ...
Mere Indian Address in Foreign Bank Account Insufficient to Tax Non-Resident's Foreign Income: Mumbai ITAT
NonResidentTaxation IncomeTaxAct ITAT
Foreign Income of Non-Resident Not Taxable in India Without Concrete Proof of Indian Nexus, Rules Mumbai ITAT MUMBAI, INDIA– In a significant ruling clarifying the scope of taxation for non-residents, the Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that funds held in a f...
IT Support & Software Access Fees Not 'Royalty' or 'FTS' if No Technical Knowledge is 'Made Available' Under India-Netherlands DTAA: ITAT Mumbai
#InternationalTax #DTAA #ITAT
ITAT Upholds Precedent, Rules Shell's IT Service Receipts Not Taxable as Royalty or FTS Mumbai:The Income Tax Appellate Tribunal (ITAT), Mumbai Bench, has once again ruled in favor of Shell Information Technology International BV, holding that payments received for providing IT support and so...
When Incriminating Material Is Found in a Third-Party Search, Reassessment Must Be Under S.153C, Not S.147 of Income Tax Act: Mumbai ITAT
#IncomeTax #TaxLaw #ITAT
ITAT Quashes Reassessment: S.153C Mandatory for Third-Party Search Material, Overrides S.147 Mumbai, Maharashtra– The Income Tax Appellate Tribunal (ITAT), Mumbai Bench, has delivered a significant ruling, quashing reassessment proceedings initiated under Section 147 of the Income-tax Act, 19...
Intra-Group Services TP Adjustment: ITAT Mumbai Remands ₹24.18 Cr Case, Orders Re-evaluation Based on Five-Fold Test (Need, Rendition, Benefit)
#TransferPricing #ITAT #TaxLaw
ITAT Mumbai Sets Aside ₹24.18 Crore TP Adjustment, Remands Case for Re-evaluation Mumbai, India- The Income Tax Appellate Tribunal (ITAT), Mumbai Bench, has set aside a significant transfer pricing adjustment of ₹24.18 crore imposed on Portescap India Private Limited (PIPL). In a crucial ruli...
