Search Results for "income tax appellate tribunal News | Supremetoday AI"

ITAT Mumbai Restores Tax Additions: Rejects Deletion of Sundry Creditor/Debtor Balances Without Factual Verification

ITAT Mumbai Restores Tax Additions: Rejects Deletion of Sundry Creditor/Debtor Balances Without Factual Verification

#IncomeTax #TaxLitigation

ITAT Mumbai Tightens Scrutiny on Tax Additions for Commission Agents In a move reinforcing the necessity of strict evidentiary standards in tax litigation, theMumbai Bench of the Income Tax Appellate Tribunal (ITAT)has partially allowed an appeal filed by the Revenue against a firm operating ...

India - Income Tax Appellate Tribunal Section 68 of the Income Tax Act, 1961 04 Jun 2026
Mumbai ITAT Restricts Section 14A Disallowance and Clarifies R&D Expense Deductibility: Manugraph India Ltd Case

Mumbai ITAT Restricts Section 14A Disallowance and Clarifies R&D Expense Deductibility: Manugraph India Ltd Case

#IncomeTaxAppellateTribunal #Section14A

Mumbai ITAT Rules on Section 14A Disallowance and R&D Expense Claims In a significant order for corporate taxpayers, the Income Tax Appellate Tribunal (ITAT), Mumbai Bench, has provided clarity on the computation of disallowances under

India - Income Tax Appellate Tribunal Income Tax Act, 1961 04 Jun 2026
ITAT Jabalpur Clarifies Capital Gains Chargeability and Section 54 Exemptions in Recent Ruling

ITAT Jabalpur Clarifies Capital Gains Chargeability and Section 54 Exemptions in Recent Ruling

#IncomeTax #CapitalGains

ITAT Jabalpur Clarifies Capital Gains Chargeability and Section 54 Exemptions in Recent Ruling In a significant decision impacting property-related tax assessments, the Income Tax Appellate Tribunal (ITAT) Jabalpur has provided clarity on the year of chargeability for capital g...

India - Income Tax Appellate Tribunal Capital Gains Tax Assessment 03 Jun 2026
ITAT Mumbai: Mere Suspicion of 'Penny Stock' Insufficient to Sustain Section 68 Tax Additions

ITAT Mumbai: Mere Suspicion of 'Penny Stock' Insufficient to Sustain Section 68 Tax Additions

#IncomeTaxAppellateTribunal #Section68Taxation

Beyond Suspicion: ITAT Mumbai Restricts Revenue’s Power to Label Share Sales as 'Sham' In a significant ruling for Foreign Portfolio Investors (FPIs), theIncome Tax Appellate Tribunal (ITAT), Mumbai, has held that tax authorities cannot disregard share transactions as "sham" or "penny stock a...

India - Income Tax Appellate Tribunal Section 68 and 69C of the Income Tax Act 03 Jun 2026
Failure to Specify Charge Under Section 270A Renders Penalty Order Invalid: ITAT Dehradun

Failure to Specify Charge Under Section 270A Renders Penalty Order Invalid: ITAT Dehradun

#IncomeTax #TaxLitigation

Penalty Overturned: ITAT Dehradun Rules AO Must Be Specific in Section 270A Notices In a significant ruling for corporate taxpayers, the Income Tax Appellate Tribunal (ITAT), Dehradun Bench, has quashed a penalty order against Dowson Technology Private Limited. The tribunal hel...

India - Income Tax Appellate Tribunal Section 270A Income Tax Act 03 Jun 2026
Assessment Orders Containing Insufficient Enquiries Are Subject to Section 263 Revision: ITAT Raipur Bench

Assessment Orders Containing Insufficient Enquiries Are Subject to Section 263 Revision: ITAT Raipur Bench

#IncomeTax #TaxLitigation

When Silence Is Not Golden: ITAT Raipur Reasserts Tax Authority’s Power to Review Deficient Assessments In a significant ruling for tax administration, the Income Tax Appellate Tribunal (ITAT), Raipur Bench, has affirmed the scope of the Principal Commissioner of Income Ta...

India - Income Tax Appellate Tribunal Section 263 of Income Tax Act 03 Jun 2026
ITAT Guwahati Remands Ex-Parte Assessment for De Novo Review After Condoning Significant Delay: Income Tax Appellate Tribunal

ITAT Guwahati Remands Ex-Parte Assessment for De Novo Review After Condoning Significant Delay: Income Tax Appellate Tribunal

#ITAT #TaxJustice

Justice for the Grassroots: ITAT Guwahati Grants Relief to Small Taxpayer in Ex-Parte Assessment Dispute In a significant move reinforcing the principles of natural justice, theIncome Tax Appellate Tribunal(ITAT),Guwahati Bench, has set aside an ex-parte assessment order issued against a rura...

India - Income Tax Appellate Tribunal Condonation of Delay and Faceless Assessment Procedure 03 Jun 2026
Absence of Satisfaction Under Section 14A and Debatable Issues Bar Penalty Imposition: ITAT Bangalore

Absence of Satisfaction Under Section 14A and Debatable Issues Bar Penalty Imposition: ITAT Bangalore

#IncomeTaxLaw #ITAT

ITAT Bangalore Clarifies Limits on Tax Penalties and Section 14A Disallowances In a significant ruling for taxpayers, the Income Tax Appellate Tribunal (ITAT) Bangalore has reinforced the necessity of procedural rigor in tax assessment. The bench, comprising Vice-President Shri...

India - Income Tax Appellate Tribunal Section 14A Disallowance and Section 271(1)(c) Penalty 03 Jun 2026
Lack of Section 127 Transfer Order Renders Assessment Void Ab Initio: ITAT Delhi

Lack of Section 127 Transfer Order Renders Assessment Void Ab Initio: ITAT Delhi

#IncomeTax #TaxJurisdiction

Jurisdictional Overreach: ITAT Delhi Nunc Pro Tunc Voids Tax Assessment Without Proper Transfer In a landmark ruling that reinforces the sanctity of procedural mandates in tax law, the Income Tax Appellate Tribunal (ITAT), Delhi Bench, has declared an assessment order passed by...

India - Income Tax Appellate Tribunal Jurisdiction and Procedural Compliance 03 Jun 2026
Substantial Compliance Allows Section 35(2AB) Deduction Despite Procedural Delay in Filing Audit Report: ITAT Hyderabad

Substantial Compliance Allows Section 35(2AB) Deduction Despite Procedural Delay in Filing Audit Report: ITAT Hyderabad

#IncomeTaxIndia #TaxLitigation

Beyond Technicalities: ITAT Hyderabad Upholds R&D Deduction Despite Reporting Delays In a significant ruling for corporate taxpayers, the Income Tax Appellate Tribunal (ITAT) Hyderabad has affirmed that procedural delays in filing statutory audit reports should n...

India - Income Tax Appellate Tribunal Section 35(2AB) - Deduction for Scientific Research 03 Jun 2026
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