Commissions, Forums & Tribunals ITAT Mumbai rules Jio USA’s ₹23.2 crore voice termination receipts are business profits, not taxable in India without PE Dr. K. S. MishraApril 18, 2026April 30, 20263 mins April 17, 2026 : The Income Tax Appellate Tribunal (ITAT), Mumbai Bench, has held that payments received by Reliance Jio…
Commissions, Forums & Tribunals ITAT Mumbai Allows Section 80P(2)(d) Deduction on Interest from Co-operative Banks, Deletes Disallowance Team Law NotifyApril 16, 2026April 17, 20262 mins April 15, 2026 : The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has granted relief to New Bombay…
Commissions, Forums & Tribunals ITAT Mumbai Quashes Penalty u/s 271(1)(c) Where High Court Admits Substantial Question of Law Team Law NotifyApril 16, 2026April 17, 20262 mins April 15, 2026 : The Mumbai Bench of the Income Tax Appellate Tribunal has held that penalty under Section 271(1)(c)…
Commissions, Forums & Tribunals ITAT Mumbai: Depreciation on Trademark Allowed in First Year Cannot Be Denied Later Without Change in Facts Team Law NotifyApril 11, 2026April 16, 20263 mins The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that once depreciation on a trademark arising from…
Commissions, Forums & Tribunals ITAT Mumbai: Delay in Filing Form 67 Is Procedural, Cannot Defeat Foreign Tax Credit Claim Team Law NotifyApril 11, 2026April 16, 20262 mins The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that a delay in filing Form No. 67…
Commissions, Forums & Tribunals ITAT Mumbai: Notional Rent on Unsold Flats Taxable as House Property Income; ALV Must Be Based on Municipal Value, Not Ad Hoc Estimates Team Law NotifyApril 3, 2026April 6, 20262 mins The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has ruled that notional rental income arising from unsold flats…
Commissions, Forums & Tribunals ITAT Mumbai Deletes ₹48.97 Lakh Section 14A Disallowance Against Zee Entertainment for Want of AO’s Satisfaction Team Law NotifyMarch 24, 2026March 31, 20262 mins March 24, 2026 : The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has deleted a disallowance of ₹48,97,483…
Commissions, Forums & Tribunals ITAT Quashes Assessment Against Jagruti Kirti Shah After Finding Section 143(2) Notice Issued Without Jurisdiction Team Law NotifyFebruary 27, 2026March 7, 20263 mins February 27, 2026 :The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has quashed the assessment proceedings against taxpayer…
Commissions, Forums & Tribunals ITAT: Entire ₹417.87 Crore Purchases Cannot Be Taxed Under Section 69C If Routed Through Books and Banks Team Law NotifyFebruary 24, 2026March 2, 20264 mins February 24, 2026 : The Mumbai Bench of the Income Tax Appellate Tribunal has held that even if purchase transactions…
Commissions, Forums & Tribunals ITAT Mumbai Allows Section 80G Deduction on CSR Donations; Grants Relief on Timely PF Deposits Team Law NotifyFebruary 7, 2026March 2, 20263 mins February 07, 2026 : The Mumbai Bench of the Income Tax Appellate Tribunal has held that Corporate Social Responsibility donations…
