Judgement

The ITAT Bangalore held that Section 199 of the Income Tax Act, read with Rule 37BA of the Income Tax Rules, mandates that TDS credit should follow the income.

ITAT Holds Individual Cannot Claim TDS Credit When Corresponding Income is Offered to Tax by Partnership Firm

The Delhi ITAT upheld the reopening of assessment but remanded the Rs 54.10 lakh partners’ capital waiver dispute to the AO for fresh examination.

ITAT Remands Rs 54.10 Lakh Dispute Over Waived-Off Partners’ Capital for Fresh Examination

The ITAT quashed the reassessment order, holding that the Income Tax Department failed to provide the minimum time required by law to respond to a Section 148A(b) notice.

A Taxpayer Must Be Granted a Minimum 7-Day Time Limit to Respond to a Section 148A(b) Notice, Holds ITAT 

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.

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ITAT Holds Individual Cannot Claim TDS Credit When Corresponding Income is Offered to Tax by Partnership Firm

ITAT Remands Rs 54.10 Lakh Dispute Over Waived-Off Partners’ Capital for Fresh Examination

A Taxpayer Must Be Granted a Minimum 7-Day Time Limit to Respond to a Section 148A(b) Notice, Holds ITAT

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