Judgement

The ITAT Mumbai held that liability accrued under Mercantile System cannot be disallowed merely because it remained unpaid.

ITAT Holds Accrued Share of Profit Expense Allowable Despite Non-Payment

The ITAT Mumbai has directed the AO to examine documentary evidence afresh.

ITAT Remands Bogus Purchase Addition Case for Fresh Adjudication

The ITAT Mumbai deleted an addition of Rs 76.92 lakh made under Section 69 of the Income Tax Act towards alleged cash payment to a builder for purchase of a flat.


ITAT Holds Alleged Cash Payment Cannot Sustain Addition Without Independent Enquiry or Material Evidence

The ITAT Mumbai holds Section 149 first proviso bars reopening of AY 2015-16 beyond six years.


ITAT Quashes Reassessment as Section 148 Notice Issued Beyond Six-Year Limitation

The ITAT Mumbai holds mere access to online communication platform does not amount to transfer of Copyright or process


ITAT Holds Slack Subscription Fees Not Taxable as Royalty Under Income Tax Act and India-Ireland DTAA

The ITAT Mumbai finds no reason for Section 154 Rectification and deleted the disallowance.

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ITAT Holds Accrued Share of Profit Expense Allowable Despite Non-Payment

ITAT Remands Bogus Purchase Addition Case for Fresh Adjudication

ITAT Holds Alleged Cash Payment Cannot Sustain Addition Without Independent Enquiry or Material Evidence

ITAT Quashes Reassessment as Section 148 Notice Issued Beyond Six-Year Limitation

ITAT Holds Slack Subscription Fees Not Taxable as Royalty Under Income Tax Act and India-Ireland DTAA

ITAT Holds Partner Remuneration Allowable Where Partnership Deed Authorises Payment