ITAT Mumbai: Ancillary Software Support Not FTS, ₹482.7 Cr Tax Addition Dropped
ITAT Mumbai rules ancillary software support services are not FTS under the India–Singapore DTAA, deleting a ₹482.7 crore tax addition and clarifying treaty protection.
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ITAT Mumbai rules ancillary software support services are not FTS under the India–Singapore DTAA, deleting a ₹482.7 crore tax addition and clarifying treaty protection.
ITAT rules rental income from trailers and exhibition space is business income, not house property. Tribunal deletes tax addition, giving relief to leasing businesses.
ITAT holds that shares and mutual funds held as stock-in-trade must be excluded from Section 14A read with Rule 8D. Major relief for traders and investors as disallowance applies …
Even honest taxpayers face ₹10 lakh penalties under the Black Money Act for small foreign asset reporting lapses. Learn Schedule FA rules, ITAT relief & how to stay compliant.
ITAT holds that depreciation on genuine fixed assets cannot be denied due to source of funds issues. Landmark December 2025 ruling strengthens taxpayer rights and limits arbitrary…