March 06, 2026 : The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has reiterated that for transfer pricing analysis under the Transactional Net Margin Method (TNMM), only companies that are functionally comparable to the tested party can be Read more…
Tag: Section 14A disallowance
February 21, 2026 : The Delhi Bench ‘F’ of the Income Tax Appellate Tribunal (ITAT) has quashed reassessment proceedings initiated against Vedanta Limited for the Assessment Year (AY) 2010-11, holding that reopening of the assessment beyond four years was invalid Read more…
February 06, 2026 : The Mumbai Bench of the Income Tax Appellate Tribunal has dismissed the appeal filed by Ambuja Cements Limited and upheld the revisionary order passed under Section 263 of the Income Tax Act for Assessment Year 2019–20. Read more…
February 05, 2026 : The Mumbai Bench of the Income Tax Appellate Tribunal has upheld significant additions made against Tata Chemicals Ltd. for Assessment Year 2015–16, sustaining the re-characterisation of a ₹732.34 crore preference share investment in its Mauritius subsidiary Read more…