Tag: ITAT
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Dubai Taxpayer Challenges I-T Discover Over Rs 2 Crore Mumbai Property Funding, Positive factors ITAT Reduction
On November 14, 2025, Mr. Ostwal gained his revenue tax case at ITAT Mumbai, because the tribunal deleted Rs 2 crore addition to his revenue that was made attributable to claims of unexplained funding in a residential property.To present you a fast rundown on Mr. Ostwal, he’s a non-resident Indian who has been dwelling and…
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No Deemed Dividend on Enterprise Loans Between Holding and Subsidiary Underneath Part 2(22)(e): ITAT Ruling
Part 2(22)(e) applies solely to gratuitous loans or advances to shareholders, to not reciprocal and business-related transactions The Revenue Tax Appellate Tribunal (ITAT), Mumbai Bench, delivered a ruling upholding aid granted by the CIT(A) on a number of contentious points together with deemed dividend, depreciation on time-share property, and fee expenditure. The bench dismissed the…