Tag: appellate tax decisions

ITAT Upholds Deletion of ₹3 Crore Addition, Says Low Income Alone Cannot Prove Lack of Creditworthiness

Editor Commissions, Forums & Tribunals June 6, 2026

Income Tax Appellate Tribunal (ITAT) Law Notify

June 5, 2026 : The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has dismissed the Revenue Department’s appeal against ANR International Pvt. Ltd., reaffirming that low income reflected in an investor’s income tax return cannot, by itself, justify treating share Read more…

ITAT Ahmedabad grants Axis Bank relief on Section 14A, CWIP interest, capital gains and ESOP tax disputes.

Editor Commissions, Forums & Tribunals May 21, 2026

May 20, 2026 : The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) has granted significant relief to Axis Bank by deleting multiple tax additions made by the Income Tax Department for Assessment Years 2020-21 and 2021-22, including disallowances Read more…