Search Results for Tag : ITAT Mumbai
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ITAT Mumbai: Non-Compete Fee Received by NRI not Taxable in India(06.01.2020)
Income Tax Appellate Tribunal, Mumbai has held that non-compete fee money received independently by non-resident Indian pursuant to an independent agr.....
Tags : ITAT Mumbai, Non-Compete Fee
ITAT Mumbai : Period of Holding Calculated from Original Date of Acquisition of Property(20.11.2019)
Income Tax Appellate Tribunal, Mumbai has ruled that period of holding the asset has to be computed not from the date when Memorandum of Understanding.....
Tags : ITAT Mumbai, Property
Sushmita Sen Not Liable to Pay Tax on Compensation Received in Sexual Harassment Case: ITAT(20.11.2018)
Income Tax Appellate Tribunal, Mumbai has deleted an addition made by department against Sushmita Sen, former Miss India Universe regarding amount rec.....
Tags : ITAT Mumbai, Sushmita Sen, Coca Cola
ITAT Mumbai Deletes Disallowance on Expenditure(12.02.2021)
Income Tax Appellate Tribunal (ITAT), Mumbai, while granting relief to the IDBI Bank deleted the disallowance on expenditure incurred in relation to i.....
Tags : ITAT Mumbai, Disallowance
ITAT Mumbai: Exemption Cannot be Refused to Education Trust Since it Provided Some Facilities(28.06.2019)
Income Tax Appellate Tribunal (ITAT), Mumbai has noted that the exemption under the Income Tax Act, 1961 cannot be denied to an education trust merely.....
Tags : ITAT Mumbai, Exemption
ITAT Mumbai: Shah Rukh Khan Gets Tax Relief on Dubai Villa(25.08.2017)
Income Tax Appellate Tribunal has ruled that a Dubai villa owned by Shah Rukh Khan was out of the tax ambit.
Tags : ITAT Mumbai, Shah Rukh Khan
ITAT Mumbai: Share in Goodwill Paid to Legal Heirs of Deceased Partners Allowable as Deduction(26.08.2019)
Income Tax Appellate Tribunal (ITAT), Mumbai has ruled that the payment made to the legal heirs of deceased partners towards share in goodwill is allo.....
Tags : ITAT Mumbai, Deduction
ITAT: Penalty not to be Imposed When Legal Heir Revises Return, Voluntarily Offers Income to Tax(04.10.2017)
ITAT, Mumbai while quashing penalty proceedings against the legal heir of assessee where he revised the return and voluntarily offered the additional .....
Tags : ITAT Mumbai, Section 271(1)(c) of IT Act, 1961
ITAT Mumbai: Wrong Claim for TDS Will Not Attract Penalty(03.07.2019)
Income Tax Appellate Tribunal (ITAT) Mumbai has ruled that a wrong claim for TDS cannot be a ground to invoke penalty proceedings under Section 271(1).....
Tags : ITAT Mumbai, Penalty