Tag: ITAT
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Determination of Commission @ 2.5% on Value Which was Transferred by Book Entry is Justified: ITAT
The Income Tax Appellate Tribunal ruled that the determination of commission @ 2.5% on the value of Rs.15.38 crores which was transferred by book...
Software License Expenditure To Be Revenue In Nature: ITAT
The Income Tax Appellate Tribunal Mumbai ruled that the software license expenditure on similar products to be revenue in nature.The tribunal noted that during...
Interest Earned And Dividend Income From Co-Operative Societies/Banks To Be Taken Into Account While Granting Income Tax Deduction: ITAT
The Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench has held that interest earned and dividend income from these Co-operative Societies/Banks should be taken into...
Delhi High Court Upholds ITAT’s Order Allowing Customs-Duty Adjustment On Import Of Watches
The Delhi High Court while dismissing the appeal of the income tax department upheld the order passed by the Income Tax Appellate Tribunal (ITAT)...
ITAT Allows Loss On Account Of Error Trading Transaction To Morgan Stanley
In a major relief to Morgan Stanley India Company Ltd., the Income Tax Appellate Tribunal (ITAT), Mumbai Bench allowed loss on account of error...