Search Results for "income tax appellate tribunal News | Supremetoday AI"

Payments for Global Support Services Not Taxable as 'Royalty' Under India-UK DTAA: ITAT Mumbai

Payments for Global Support Services Not Taxable as 'Royalty' Under India-UK DTAA: ITAT Mumbai

#InternationalTax #ITAT

Global Services Fees: ITAT Reaffirms Non-Taxability for Deloitte Affiliate In a significant ruling for multinational entities operating in India, theIncome Tax Appellate Tribunal (ITAT) Mumbai has confirmed that payments made byDeloitteHaskins & Sells LLP to its global affiliate,DeloitteGloba...

India - Income Tax Appellate Tribunal TDS on Royalty under Section 195 26 Aug 2025
Payments to Global Entities for Shared Services Are Not 'Royalty' Under India-UK DTAA: Mumbai ITAT

Payments to Global Entities for Shared Services Are Not 'Royalty' Under India-UK DTAA: Mumbai ITAT

#InternationalTax #ITAT

ITAT Clarifies Royalty Scope: Payments for Shared Services Do Not Attract Withholding Tax In a significant relief for multinational firms operating in India, theMumbai Bench of theIncome Tax Appellate Tribunal(ITAT) has ruled that payments made byDeloitte Touche Tohmatsu India LLPto its UK-ba...

India - Income Tax Appellate Tribunal Royalties under India-UK DTAA 26 Aug 2025
Upholding Principle of Consistency: ITAT Mumbai Maintains 12.5% Addition on Bogus Purchases

Upholding Principle of Consistency: ITAT Mumbai Maintains 12.5% Addition on Bogus Purchases

#IncomeTax #TaxLitigation

Upholding the Principle of Consistency: ITAT Mumbai Rules on Bogus Purchases In a recent ruling regarding the assessment year 2012-13, theIncome Tax Appellate Tribunal (ITAT) Mumbai Benchhas reinforced the "principle of consistency" in tax litigation. The bench, comprising Shri Sandeep Gosain...

India - Income Tax Appellate Tribunal Assessment of Alleged Bogus Purchases 26 Aug 2025
ITAT: Assessment Order Based on Binding High Court Precedent Cannot be Revised u/s 263

ITAT: Assessment Order Based on Binding High Court Precedent Cannot be Revised u/s 263

#IncomeTaxLaw #ITAT #Section80P

ITAT Curbs Revisionary Powers: Assessment Based on Binding Precedent Stands Valid In a significant ruling for co-operative societies, the Bangalore Bench of the Income Tax Appellate Tribunal (ITAT) has reinforced the limits of revisionary powers under ...

India - Income Tax Appellate Tribunal Section 80P Deduction & Section 263 Revisionary Powers 26 Aug 2025
ITAT Rules Prepaid Distributor Discounts Are Not Commission/Brokerage Under Section 194H: Tata Teleservices Ltd vs ACIT

ITAT Rules Prepaid Distributor Discounts Are Not Commission/Brokerage Under Section 194H: Tata Teleservices Ltd vs ACIT

#TaxLaw #ITAT

ITAT Clarifies Tax Implications on Prepaid Distributor Discounts and Customer Acquisition Costs In a significant series of orders for Tata Teleservices Limited, the Income Tax Appellate Tribunal (ITAT) Delhi Bench has provided much-needed clarity on the tax treatment...

India - Income Tax Appellate Tribunal Section 194H/40(a)(ia) of the Income-tax Act, 1961 26 Aug 2025
ITAT Chennai Rules Assessments Under Section 153A Require Incriminating Material for Unabated Years

ITAT Chennai Rules Assessments Under Section 153A Require Incriminating Material for Unabated Years

#IncomeTaxAppellateTribunal #TaxLawIndia

ITAT Chennai Limits Reach of Search-Based Assessments: No "Incriminating Material" Means No Additions In a significant ruling for taxpayers, the Chennai Bench of the Income Tax Appellate Tribunal (ITAT) has reinforced the protection of unabated assessments during post-search pr...

India - Income Tax Appellate Tribunal Section 153A of the Income-tax Act, 1961 26 Aug 2025
ITAT Chennai Clarifies Section 115BBE Scope and Mandates Algorithmic Consistency in Rectification Proceedings

ITAT Chennai Clarifies Section 115BBE Scope and Mandates Algorithmic Consistency in Rectification Proceedings

#IncomeTaxAppellateTribunal #TaxLitigation

Searching for Logic: How the ITAT Chennai Protected Assessee Rights Against Inconsistent Tax Assessments In a significant ruling for taxpayers, the Income Tax Appellate Tribunal (ITAT) Chennai Bench has reinforced two critical principles: the requirement for consistency in tax ...

India - Income Tax Appellate Tribunal Taxation Laws and Section 154/115BBE Rectification 26 Aug 2025
ITAT Remands Tax Dispute of Liquidation-Bound Bank: 'Real Income' Principle Must Govern Taxability Assessments

ITAT Remands Tax Dispute of Liquidation-Bound Bank: 'Real Income' Principle Must Govern Taxability Assessments

#IncomeTax #CooperativeBanking

Beyond the Ledger: ITAT Restores 'Real Income' Assessment for Bank Under Liquidation In a significant ruling for cooperative entities facing financial distress, the Income Tax Appellate Tribunal (ITAT) Ahmedabad has set aside orders confirming tax additions against The Vis...

India - Income Tax Appellate Tribunal Real Income Theory and Statutory Diversion 26 Aug 2025
Section 41(1) of Income Tax Act Inapplicable to Capitalized Liabilities: ITAT Guwahati Rules

Section 41(1) of Income Tax Act Inapplicable to Capitalized Liabilities: ITAT Guwahati Rules

#IncomeTax #ITAT

When Old Debts Aren't Revenue: ITAT Guwahati Interprets Section 41(1) In a significant ruling for taxpayers dealing with legacy liabilities, the Guwahati Bench of the Income Tax Appellate Tribunal (ITAT) has clarified the scope of Sectio...

India - Income Tax Appellate Tribunal Section 41(1) of the Income Tax Act 26 Aug 2025
Management Fees Paid to Foreign Entities Don't Qualify as FTS Without 'Make Available' Clause, Rules ITAT Delhi

Management Fees Paid to Foreign Entities Don't Qualify as FTS Without 'Make Available' Clause, Rules ITAT Delhi

#InternationalTaxation #ITAT

Beyond the Transaction: ITAT Delhi Sets Limits on "Fee for Technical Services" Taxation In a significant ruling concerning the taxability of cross-border management fees, the Income Tax Appellate Tribunal (ITAT), Delhi Bench

India - Income Tax Appellate Tribunal Fee for Technical Services (FTS) under India-Singapore DTAA 26 Aug 2025
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