The curious tax case of Mr. and Mrs. ThakkarThe cases relate to South Mumbai residents, Dilip Thakkar, a reputed chartered accountant, and his wife Indira Thakkar whose father had set...
01 May, 2022, 08.50 AM IST
Fancy number plates not a business expense, says Income Tax Appellate TribunalThe ITAT's Mumbai bench held that the expense for obtaining a special number for a car is not at all a business expenditure and hence, ther...
28 Oct, 2021, 08.59 AM IST
Larger ITAT bench to hear tax demand on Tata Trust todayThe hearing, in relation with a case involving a Rs 100-crore tax demand on Tata Education & Development Trust where the I-T department is ...
06 Jul, 2020, 06.49 AM IST
ITAT’s verdict on LTCG matter a setback for IT department probeThe ruling is a setback for the crackdown against use of listed platform for tax evasion.
05 Dec, 2018, 06.32 PM IST
You can’t be taxed for security deposit on flat paid by firmITAT has held that the notional interest on the security deposit paid by an employer to the landlord can't be added to the taxable income o...
07 Jun, 2016, 12.35 PM IST
- No penalty if delay in filing returns is genuine: ITAT
A Delhi bench of Income-Tax Appellate Tribunal has ruled that penalty on account of delay in filing returns cannot be levied if there is a ...
21 Aug, 2010, 01.57 AM IST
- Payment made abroad taxable if deal has links with India
The Income-tax department can tax even a payment made to a foreign entity outside India, if the transaction has a business connection withi...
28 May, 2010, 03.16 AM IST
- MNCs take cross-border tax issues to new panel
A host of companies from Mumbai, said to be 367 in number and mostly multinational in nature, have moved the recently set up dispute resolu...
10 May, 2010, 01.59 AM IST
- ITAT ruling likely to boost city redevelopment
From now on, tax cannot be levied on the money paid by a builder to a housing society or private individual for redevelopment of property, ...
02 Jan, 2009, 01.17 AM IST
- ITAT ruling likely to boost city redevelopment
From now on, tax cannot be levied on the money paid by a builder to a housing society or private individual for redevelopment of property, ...
02 Jan, 2009, 01.17 AM IST
- ‘Denial of export benefit to US co not discriminatory’
The Pune Income-Tax Appellate bench has held that the denial of export benefits to an American company operating in India could not be cons...
20 Sep, 2008, 01.30 AM IST
- SC's Morgan Stanley verdict’s still a maze
The Supreme Court’s verdict in the case of investment banker Morgan Stanley has generated more confusion than before.
23 Jul, 2007, 05.00 AM IST
- ITAT provides MAT relief for exporters
Exemption of export income from MAT can be accorded only up to the period when the Section 80 HHC of I-T Act was in operation. Section 80 H...
27 Mar, 2007, 02.11 AM IST
- Infrastructure firms’ depreciation claims get a leg-up
In a verdict that would aid infrastructure companies in claiming depreciation allowance, an Income-Tax Appellate Tribunal (ITAT) has held t...
16 Feb, 2007, 03.46 AM IST
- MNC banks earning interest from abroad to be taxed here
The Income-tax Appellate Tribunal (ITAT), Mumbai has held that the interest received by branches in India from their overseas headquarters ...
07 Nov, 2006, 01.37 AM IST
- Society charges for rented flats exempt from I-T
Housing society charges in the case of rented flats will be exempt from income tax, thanks to a recent verdict by the Income Tax Appellate ...
30 Jun, 2004, 03.25 AM IST
- Export income, local sales cannot be clubbed: ITAT
Companies are entitled for full tax deduction of export income under section 80 HHC of the Income-Tax Act, even if the same company generat...
16 Oct, 2002, 06.47 AM IST