Judgement

The ITAT Ahmedabad has held that reimbursement of ESOP costs by an Indian subsidiary to its foreign parent company constitutes employee compensation incurred for business purposes

ITAT Holds Reimbursement of ESOP Cost to Foreign Parent Company is Business Expenditure Deductible Under Section 37(1)

ITAT Bengaluru deleted Rs 27.19 lakh in commission and interest disallowances, granting major tax relief to a pharmaceutical distributor.

ITAT Bengaluru Deletes Rs 27.19 Lakh Disallowances Against Pharma Distributor

The ITAT Mumbai has upheld the validity of proceedings initiated under Section 153C of the Income Tax Act and rejected the assessee's jurisdictional objections.

ITAT Holds Earlier Coordinate Bench Ruling Binding on Commission Estimation While Upholding Validity of Search Assessment Proceedings

ITAT condoned a four-year delay in filing a tax appeal, holding that the taxpayer’s bona fide pursuit of an alternative remedy constituted sufficient cause.

ITAT Condones Delay as Taxpayer Pursued Alternative Remedy Under Bona Fide Belief

The ITAT restored six tax appeals for fresh adjudication, holding that the taxpayer deserved a hearing on merits while imposing a Rs 50,000 cost for each appeal.

ITAT Grants Second Opportunity, Restores Six Appeals After Rs 50,000 Cost for Non-Appearance Before Tax Authorities

The ITAT held that observations recorded by authority during a lawful inquiry cannot be erased merely because the assessee later withdraws its application.

Explore Our Blogs

Stay updated with the latest insights, tips, and industry trends from our experts

ITAT Holds Reimbursement of ESOP Cost to Foreign Parent Company is Business Expenditure Deductible Under Section 37(1)

ITAT Bengaluru Deletes Rs 27.19 Lakh Disallowances Against Pharma Distributor

ITAT Holds Earlier Coordinate Bench Ruling Binding on Commission Estimation While Upholding Validity of Search Assessment Proceedings

ITAT Condones Delay as Taxpayer Pursued Alternative Remedy Under Bona Fide Belief

ITAT Grants Second Opportunity, Restores Six Appeals After Rs 50,000 Cost for Non-Appearance Before Tax Authorities

ITAT Holds Assessee Cannot Seek Removal of Observations Made During Statutory Inquiry After Withdrawing Registration Application