June 18, 2026 : In a significant ruling on unexplained cash credits under Section 68 of the Income Tax Act, the Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has granted substantial relief to Palco Tex Feb Limited by Read more…
Tag: income tax appeal
June 17, 2026 : In a significant ruling on the scope of tax exemption available for agricultural land transactions, the Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) has held that an assessee was entitled to claim deduction under Read more…
ITAT Mumbai remands Aspri Spirits tax dispute over Rule 46A violation and additional evidence issue.
May 19, 2026 : The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has set aside a major appellate relief granted to liquor distributor Aspri Spirits Private Limited after finding that the Commissioner of Income Tax (Appeals) relied heavily Read more…
May 13, 2026 : The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has ruled in favour of Lodha Developers Limited in a major dispute involving the applicability of Section 43CA of the Income Tax Act and the treatment Read more…
May 4, 2026 : The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that additions under Section 68 of the Income-tax Act, 1961 cannot be sustained unless a fresh credit is found in the books of the Read more…
Hydrabad : In a significant ruling for corporate tax transparency, the High Court for the State of Telangana has dismissed an appeal filed by Gulf Oil Corporation Ltd. regarding the deduction of royalty payments made to its overseas associates. The Read more…
March 13, 2026 : he Chandigarh Bench of the Income Tax Appellate Tribunal (ITAT) has ruled that passing an appellate order without considering written submissions filed within the prescribed timeframe constitutes a violation of the principles of natural justice. The Read more…
February 13, 2026 : The Delhi Bench of the Income Tax Appellate Tribunal has allowed the appeal filed by Zeta Buildtech Pvt. Ltd. and deleted disallowances aggregating to ₹53.30 lakh for Assessment Year 2020–21, holding that the Revenue cannot question Read more…