Judgement

Tribunal quashes assessment holding only Section 153C applicable for search-based third-party material cases.

Income Tax Addition of Rs 1.34 Crore Based on Search Material Quashed; ITAT Says Department Applied Wrong Section

The Income Tax Appellate Tribunal (ITAT) Mumbai has held that interest received by the Indian branch of American Express Bank Ltd. from its overseas Head Office and foreign branches cannot be treated as taxable income.

Interest Received by Indian Branch from Overseas Head Office of American Express Is Not Taxable on Principle of Mutuality: ITAT

The Income Tax Appellate Tribunal (ITAT) Mumbai, has held that Aditya Birla Sun Life Insurance Company was not liable to deduct tax at source on reinsurance premium paid to foreign reinsurers.

Rs. 6.88 Crore TDS Demand on Aditya Birla Sun Life Insurance Quashed; ITAT Says No Tax Deduction Required on Overseas Reinsurance Premium

The ITAT set aside Rs 2.93 crore addition made on the grounds of the difference in purchases between the books of account of the assessee and the GST returns.

ITAT Quashes Rs 2.93 Crore Income Tax Addition Arising from GST Return and Book-Purchase Difference

ITAT ruled that management support fees paid to Tech Data Singapore are not taxable as FTS under the India-Singapore DTAA.

ITAT: Management Support Fees Not Taxable as FTS Under India-Singapore DTAA

ITAT held that a genuine, condoned delay in e-verification cannot be used to deny a lawful TDS refund, and directed the Income Tax Department to refund over Rs 17 lakh to the taxpayer.

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Income Tax Addition of Rs 1.34 Crore Based on Search Material Quashed; ITAT Says Department Applied Wrong Section

Interest Received by Indian Branch from Overseas Head Office of American Express Is Not Taxable on Principle of Mutuality: ITAT

Rs. 6.88 Crore TDS Demand on Aditya Birla Sun Life Insurance Quashed; ITAT Says No Tax Deduction Required on Overseas Reinsurance Premium

ITAT Quashes Rs 2.93 Crore Income Tax Addition Arising from GST Return and Book-Purchase Difference

ITAT: Management Support Fees Not Taxable as FTS Under India-Singapore DTAA

Missed ITR Verification While Caring for Ailing Father, Lost Rs. 17 Lakh Refund; ITAT Orders Release of Refund