-
ITAT - Mumbai ITAT Imposes Cost on FPI for Non-Response to Notices, Orders De Novo Assessment.
Hunt International Investments LLC Vs DCIT
(2023) TaxCorp(LJ) 32115 (ITAT-MUMBAI) · Section 142(1)
-
ITAT - Mumbai ITAT Admits and Directs Fresh Consideration of Fresh Claim Before DRP.
Edenred SE (Formerly known as Edenred SA) Vs Deputy Commissioner of Income-tax, International Taxation-2(2)(1)
(2023) TaxCorp(LJ) 32113 (ITAT-MUMBAI)
-
ITAT - Mumbai ITAT allowed the set-off of brought-forward losses for Hiranandani Healthcare based on the group's unchanged shareholding pattern and deleted the addition related to share premium, as Section 79 did not apply to group changes and Section 68 did not cover the capacity to charge share premium.
Hiranandani Healthcare Private limited Vs CIT (A)
(2023) TaxCorp(LJ) 32105 (ITAT-MUMBAI) · Sections 79, 68
-
ITAT - Mumbai ITAT Deletes Sec.69C Addition Based on Undisputed Source of Expenditure Amid Banking Fraud Allegations.
Executive Trading Co. Pvt. Ltd Vs Additional/Joint/Deputy/Assistant Commissioner of Income Tax/Income-tax Officer, National Faceless Assessment Centre
(2023) TaxCorp(LJ) 32104 (ITAT-MUMBAI) · Section 69C
-
ITAT - Mumbai ITAT Decides JM Financial's Gains from JV Share-Sale as Capital in Nature; Method of calculating sale consideration does not determine the transaction's nature.; Dismisses Set-off as Colourable Device.
J.M. Financial Ltd Vs Deputy Commissioner of Income-tax
(2023) TaxCorp(LJ) 32098 (ITAT-MUMBAI)
-
ITAT - Mumbai ITAT Rules No Further Profit Attribution Required if Transactions are at ALP.
Fedex Express International B.V. Vs Assistant Commissioner of Income Tax
(2023) TaxCorp(LJ) 32080 (ITAT-MUMBAI)
-
ITAT - Mumbai ITAT Rules on Allowability of Incremental Cost & Interest in Real Estate Development Project as the increase was corroborated with the agreements and the letter issued by the developer on escalation of cost.
Simplex Realty Limited Vs The DCIT
(2023) TaxCorp(LJ) 32078 (ITAT-MUMBAI)
-
ITAT - Mumbai ITAT Upholds Debatable Nature of Sales Promotion Expenditure Allowance: Rejects Rectification Order Under Section 154.
UCB India Private Limited Vs Assisant Commissioner of Income Tax
(2023) TaxCorp(LJ) 31945 (ITAT-MUMBAI)
-
ITAT - Mumbai ITAT Quashes Assessment of Non-Existent Entity Following Amalgamation.
Abbott India Ltd. (as successor to ‘Solvey Pharma India Ltd’) Vs ACIT
(2023) TaxCorp(LJ) 31929 (ITAT-MUMBAI)
-
ITAT - Mumbai ITAT Rules on Scope of Appeal under Sec.248 in Tax-Rate Dispute; Clarified that 'rates in force' refer to the tax rates specified in the relevant Finance Act or the applicable DTAA, whichever is more beneficial to the Assessee.
Reliance Commercial Dealers Limited Vs Commissioner of Income Tax
(2023) TaxCorp(LJ) 31920 (ITAT-MUMBAI) · Section 248
-
ITAT - Mumbai ITAT Confirms Revision of Assessment Order Due to Lack of Enquiry on scope of Offshore Services provided by the Assessee's Head Office; AO relied solely on the findings of the TPO.
Kepco Plant Service & Engineering Co. Limited Vs Commissioner of Income Tax
(2023) TaxCorp(LJ) 31919 (ITAT-MUMBAI)
-
ITAT - Mumbai ITAT Rules in Favor of Assessee, Deleting Addition (made citing a significant mismatch between the income declared in the taxpayer's return of income and the corresponding receipts mentioned in Form 26AS) Due to Business Model Justification.
Connect Residuary Pvt.Ltd Vs DCIT
(2023) TaxCorp(LJ) 31913 (ITAT-MUMBAI)
-
ITAT - Mumbai ITAT Upholds Sec. 143(1) Adjustment of Individual's Club Membership Fees (one-time entry fees) as Capital Expenditure.
Balraj singh Jagjit singh Kharbanda Vs ADIT
(2023) TaxCorp(LJ) 31909 (ITAT-MUMBAI) · Section 143(1)
-
ITAT - Mumbai ITAT Directs Revenue to Enquire Marketing Agency for Determining True Nature of Expenditure with a direction to summon the marketing agency to ascertain the facts and to determine nature of expenditure incurred by the Assessee.
Ari Healthcare Pvt. Ltd Vs DCIT
(2023) TaxCorp(LJ) 31906 (ITAT-MUMBAI)
-
ITAT - Mumbai ITAT Sustains Addition for Non-fulfilment of Sec.68 Prerequisites in Transactions with Commodity Traders.
Advantage Overseas Pvt. Ltd Vs DCIT
(2023) TaxCorp(LJ) 31865 (ITAT-MUMBAI)
-
ITAT - Mumbai ITAT Sets Aside Addition of Undisclosed Income - Assessee's Foreign Bank Account Balance - Beneficiary of Discretionary Trust - Revenue Fails to Dislodge Affidavit on Income Source
Arun Kumar R. Mehta Vs Dy. CIT
(2023) TaxCorp(LJ) 31847 (ITAT-MUMBAI)
-
The determinative test to qualify for the benefit of deduction under Section 10A, is that the rendition of onsite services outside India by the Assessee should be an integral part of the overall computer software development project, which the Assessee undertook to do for its foreign customer.
LTIMindtree Limited Vs Additional Commissioner of Income Tax
(2023) TaxCorp(LJ) 31829 (ITAT-MUMBAI)
-
The donations to trust forming part of CSR obligation would be eligible for deduction under Section 80G and the benefit under Chapter VI-A for computing ‘total taxable income’ cannot be denied as it would lead to double disallowance which is contrary to the intention of legislature.
Synergia Lifesciences Pvt. Ltd Vs Dy. Commissioner of Income Tax
(2023) TaxCorp(LJ) 31823 (ITAT-MUMBAI) · Section 80G
-
It would be a dichotomy, if the ROI filed by the assessee in the name of non existing entity is considered as valid return and assessment order passed by the LD AO on such nonexistent entity on the basis of such ROI is held to be invalid. Rules of the assessment cannot be different for the assessee and AO.
Star India Pvt. Ltd. (Successor of Star Sports India Pvt. Ltd.) Vs ACIT
(2023) TaxCorp(LJ) 31795 (ITAT-MUMBAI)
-
Once the expenditure has been accepted to be for the community development, and environment health & safety expenses, the same cannot be held to be not incurred wholly and exclusively for the purpose of business in the year under consideration.
GMR Warora Energy Ltd Vs Dy. Commissioner of Income Tax
(2023) TaxCorp(LJ) 31761 (ITAT-MUMBAI) · Section 37(1)
Headnote lines are open to everyone. The full headnote and the judgment text open with a subscription — see plans or sign in.