Tag: Tax Disallowance

ITAT Mumbai grants Manugraph relief on Section 14A disallowance and allows R&D expense deduction under Section 37(1).

Editor Commissions, Forums & Tribunals June 5, 2026

Income Tax Appellate Tribunal (ITAT) Law Notify

June 4, 2026 : The Income Tax Appellate Tribunal (ITAT) has granted substantial relief to Manugraph India Limited by restricting the scope of disallowance under Section 14A of the Income Tax Act and allowing deduction of certain research and development Read more…

The Telangana HC rejected Gulf Oil’s appeal to deduct higher royalty payments, ruling that RBI limits don’t dictate arm’s length tax prices

Team Law Notify Legal News April 29, 2026

Hydrabad : In a significant ruling for corporate tax transparency, the High Court for the State of Telangana has dismissed an appeal filed by Gulf Oil Corporation Ltd. regarding the deduction of royalty payments made to its overseas associates. The Read more…