Commissions, Forums & Tribunals ITAT Delhi: ₹75 Lakh Cash Advance from Land Deal Not Unexplained Credit Under Section 68 Team Law NotifyApril 18, 2026May 2, 20262 mins April 17, 2026 : The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has ruled that a cash receipt…
Commissions, Forums & Tribunals ITAT Delhi: No Section 50CA Addition When Share Sale Price Exceeds FMV Under Prescribed Rules Team Law NotifyApril 11, 2026April 16, 20262 mins The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has dismissed the Revenue’s appeal in DCIT v. Bharat Kalia,…
Commissions, Forums & Tribunals ITAT Delhi Quashes Assessment Orders Against Sumitomo India for Want of Draft Order Under Section 144C Team Law NotifyApril 11, 2026April 17, 20262 mins April 10, 2026 : The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has held that a final assessment…
Commissions, Forums & Tribunals ITAT Delhi: Section 13 Violation Not Ground for Cancelling Trust Registration Under Section 12AB Team Law NotifyMarch 12, 2026March 20, 20262 mins March 11, 2026 : In a significant ruling, the Income Tax Appellate Tribunal (ITAT), Delhi Bench, has held that alleged…
Commissions, Forums & Tribunals ITAT: Functional Similarity Essential for Transfer Pricing Comparables; NDTV Gets Partial Relief Team Law NotifyMarch 7, 2026March 14, 20265 mins March 06, 2026 : The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has reiterated that for transfer pricing…
Commissions, Forums & Tribunals ITAT: Manufacturing in Notified Area Eligible for Section 80-IC Deduction; Presence of Fourteenth Schedule Item Not a Bar Team Law NotifyMarch 6, 2026March 14, 20264 mins March 05, 2026 : The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has held that a manufacturing unit…
Commissions, Forums & Tribunals ITAT Delhi Upholds Section 80-IA Deduction for Air India SATS on Airport Ground and Cargo Handling Operations Team Law NotifyFebruary 27, 2026March 7, 20264 mins February 27, 2026 :The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has upheld the eligibility of Air India…
Commissions, Forums & Tribunals ITAT: Builder’s Contractual Rebate Not Taxable as Income; Registration of Sale Deed Not Mandatory for Section 54F Exemption Team Law NotifyFebruary 26, 2026March 14, 20264 mins February 25, 2026 : The Income Tax Appellate Tribunal (ITAT), New Delhi has held that a contractual rebate or discount…
Commissions, Forums & Tribunals ITAT Remands Ganna Vikas Parishad’s ₹32.91 Lakh Addition for Fresh Examination Team Law NotifyFebruary 26, 2026March 2, 20263 mins February 26, 2026 : The Income Tax Appellate Tribunal has set aside an addition of ₹32.91 lakh made against Ganna…
Commissions, Forums & Tribunals ITAT Remands ₹32.13 Lakh Addition in Omaxe Commercial Unit Case, Directs Supply of Material and Cross-Examination Team Law NotifyFebruary 26, 2026March 2, 20262 mins February 26, 2026 : The Delhi Bench of the Income Tax Appellate Tribunal has remanded a dispute involving an addition…
