April 24, 2026 : The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has upheld the deletion of an addition of ₹18.63 crore made under Section 69A of the Income Tax Act, holding that amounts directly paid by subsequent Read more…
Tag: Income tax tribunal ruling
April 17, 2026 : The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has held that a cash receipt arising from a duly substantiated transaction for the sale of agricultural land cannot be taxed as unexplained cash credit under Read more…
April 17, 2026 : The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has ruled in favour of Shreepati Build Infra Investment Limited, holding that losses arising from investments and loans advanced to a wholly owned foreign subsidiary for Read more…
April 15, 2026 : The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has granted relief to New Bombay Co-operative Commercial Complex Premises Society Limited, holding that deduction under Section 80P(2)(d) of the Income Tax Act is available on Read more…
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that a delay in filing Form No. 67 is merely a procedural lapse and cannot be used as a ground to deny foreign tax credit (FTC) under Section Read more…
March 11, 2026 : In a significant ruling, the Income Tax Appellate Tribunal (ITAT), Delhi Bench, has held that alleged diversion of income for the benefit of specified persons under Section 13(1)(c) of the Income Tax Act cannot, by itself, Read more…
ITAT Jaipur, December 24, 2025 : The Income Tax Appellate Tribunal, Jaipur Bench, has remanded a reassessment dispute involving an addition of ₹76.31 lakh towards unexplained cash deposits, holding that the assessee must be given one more effective opportunity to Read more…
January 13, 2026 : The Chandigarh Bench of the Income Tax Appellate Tribunal (ITAT) has quashed the assessment framed against M/s Malbros International Pvt. Ltd. for Assessment Year 2022–23, holding that the Assessing Officer committed a fundamental jurisdictional error by Read more…