Tag: ITAT

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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...

Fresh Registration Of Charitable Trusts Could Be Granted Only From Year Of Preferring Application: ITAT     

The Income Tax Appellate Tribunal, Delhi, ruled that fresh registration of charitable trusts could be granted only from the year of preferring application. The tribunal...

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Service Tax Demand Proposed Under Wrong Head Is Not Sustainable: CESTAT

The Ahmedabad Bench of Customs, Excise and Service Tax...

Electronic Credit Ledger Can’t Be Blocked Citing Enforcement Authority’s Reports: Karnataka High Court

The Karnataka High Court has held that electronic credit...

BREAKING | Supreme Court To Deliver Judgement On Customs Dept’s Review Petition In Cannon Case

Today the Supreme Court is likely to deliver judgement...

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