April 17, 2026 : The Income Tax Appellate Tribunal (ITAT), Mumbai Bench, has held that payments received by Reliance Jio Infocomm USA Inc. for providing international voice termination services to its Indian affiliate cannot be classified as royalty or fees Read more…
April 15, 2026 : The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has granted relief to New Bombay Co-operative Commercial Complex Premises Society Limited, holding that deduction under Section 80P(2)(d) of the Income Tax Act is available on Read more…
April 15, 2026 : The Mumbai Bench of the Income Tax Appellate Tribunal has held that penalty under Section 271(1)(c) of the Income Tax Act cannot be sustained where the underlying quantum issue has been admitted by the High Court Read more…
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that once depreciation on a trademark arising from an amalgamation has been allowed in the first year after scrutiny, the Revenue cannot disallow the same in subsequent years Read more…
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that a delay in filing Form No. 67 is merely a procedural lapse and cannot be used as a ground to deny foreign tax credit (FTC) under Section Read more…
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has ruled that notional rental income arising from unsold flats and shops held as stock-in-trade is taxable under the head “Income from House Property.” However, the Tribunal clarified that such Read more…
March 24, 2026 : The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has deleted a disallowance of ₹48,97,483 made against Zee Entertainment Enterprises Limited under Section 14A of the Income Tax Act for Assessment Year 2019–20, holding that Read more…
February 27, 2026 :The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has quashed the assessment proceedings against taxpayer Jagruti Kirti Shah after holding that the jurisdictional notice issued under Section 143(2) of the Income Tax Act was invalid Read more…
February 24, 2026 : The Mumbai Bench of the Income Tax Appellate Tribunal has held that even if purchase transactions are found to be accommodation entries, the entire purchase amount cannot be treated as unexplained expenditure under Section 69C of Read more…
February 07, 2026 : The Mumbai Bench of the Income Tax Appellate Tribunal has held that Corporate Social Responsibility donations made to eligible institutions can qualify for deduction under Section 80G of the Income Tax Act, even though CSR expenditure Read more…