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ITAT Hyderabad Interprets Section 44C: HO Overheads Subject to Statutory Limits Regardless of Direct Project Nexus

ITAT Hyderabad Interprets Section 44C: HO Overheads Subject to Statutory Limits Regardless of Direct Project Nexus

#IncomeTaxIndia #TaxLitigation

Unmasking 'Reimbursements': ITAT Clarifies Tax Limits on Head Office Expenses In a significant ruling for multinational entities operating in India, the Income Tax Appellate Tribunal (ITAT) Hyderabad bench has clarified the rigorous application of Section 44C of the ...

India - Income Tax Appellate Tribunal Section 44C and Section 195 Income Tax Act 03 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 Jabalpur: Revenue Cannot Charge Compensatory Interest Under Sections 234A, 234B, and 234C When Holding Sufficient Seized Cash

ITAT Jabalpur: Revenue Cannot Charge Compensatory Interest Under Sections 234A, 234B, and 234C When Holding Sufficient Seized Cash

#IncomeTax #ITAT

ITAT Jabalpur: Taxpayer Not Liable for Compensatory Interest When Revenue Holds "Escrow-Like" Seized Cash In a significant relief to taxpayers, the Jabalpur Bench of the Income Tax Appellate Tribunal (ITAT) has ruled that the Revenue cannot penaliz...

India - Income Tax Appellate Tribunal Interest Levy under Section 234A, 234B, 234C 03 Jun 2026
AMP Expenses Not 'International Transactions' Under Section 92B: ITAT Kolkata Rules in Akzo Nobel India Tax Dispute

AMP Expenses Not 'International Transactions' Under Section 92B: ITAT Kolkata Rules in Akzo Nobel India Tax Dispute

#TransferPricing #IncomeTax

Breaking Down the Tax Burden: ITAT Kolkata Clarifies Key Transfer Pricing Principles for Akzo Nobel In a significant series of rulings covering seven assessment years, theKolkata “C” Bench of theIncome Tax AppellateTribunal(ITAT) has provided much-needed clarity on the tax treatment of expens...

India - Income Tax Appellate Tribunal Section 92B and Section 37(1) of the Income Tax Act 03 Jun 2026
Retrospective Application of Section 12AB(4) for Trust Registration Cancellation is Illegal: ITAT Bangalore Bench

Retrospective Application of Section 12AB(4) for Trust Registration Cancellation is Illegal: ITAT Bangalore Bench

#IncomeTaxLaw #ITAT

Beyond the Law: ITAT Bangalore Decries Retrospective Cancellation of Trust Registration In a significant ruling for charitable entities, theIncome Tax Appellate Tribunal (ITAT) Bangalorehas struck down an attempt by tax authorities to retrospectively apply 2022 legislative amendments to cance...

India - Income Tax Appellate Tribunal Section 12AB and 143(3) of the Income Tax Act 24 Mar 2025
No Section 68 Addition Without Books of Account, Rules ITAT Bangalore in Reassessment Case

No Section 68 Addition Without Books of Account, Rules ITAT Bangalore in Reassessment Case

#IncomeTax #ITAT

ITAT Ruling: The Critical Role of 'Books of Account' in Tax Reassessments In a significant ruling for corporate tax compliance, theIncome Tax Appellate Tribunal(ITAT),Bangalore Bench, has clarified the strict evidentiary requirements for invokingSection 68 of the Income Tax Act. The Tribunal ...

India - Income Tax Appellate Tribunal Section 68, 147, 148 Income Tax Act 24 Mar 2025
Statutory Urban Planning Bodies Not Engaging in 'Business' Under Section 2(15): ITAT Bangalore Grants Section 11 & 12 Tax Exemptions

Statutory Urban Planning Bodies Not Engaging in 'Business' Under Section 2(15): ITAT Bangalore Grants Section 11 & 12 Tax Exemptions

#TaxExemption #IncomeTaxTribunal

Bridging Development and Charity: ITAT Bangalore Upholds Tax Exemptions for Planning Authorities In a significant ruling for local governance institutions across India, theIncome Tax Appellate Tribunal (ITAT) Bangalore Benchhas reaffirmed that the activities of statutory planning authorities—...

India - Income Tax Appellate Tribunal Section 11, 12, and 2(15) of the Income Tax Act 24 Mar 2025
ITAT Rejects Tax Additions Under Section 69B Based on Uncorroborated Loose Sheets: Bangalore Bench

ITAT Rejects Tax Additions Under Section 69B Based on Uncorroborated Loose Sheets: Bangalore Bench

#IncomeTaxAppellateTribunal #TaxLaw

ITAT Bangalore Strikes Down Tax Additions Based on "Non-Speaking" Loose Sheets In a significant ruling for real estate developers and corporate entities, theIncome Tax Appellate Tribunal (ITAT), Bangalore Bench, has reaffirmed that tax additions made solely on the basis of loose papers and un...

India - Income Tax Appellate Tribunal Section 69B and 147 Income Tax Act 24 Mar 2025
Absence of Incriminating Material Bars Section 69B Additions Under Section 153C of IT Act: ITAT Chandigarh

Absence of Incriminating Material Bars Section 69B Additions Under Section 153C of IT Act: ITAT Chandigarh

#IncomeTax #TaxLitigation

No Evidence, No Addition: ITAT Chandigarh Reins in Tax Authorities on Section 153C Assessments In a significant ruling for corporate taxpayers, theIncome Tax Appellate Tribunal (ITAT) Chandigarhhas reinforced the fundamental requirement of "incriminating material" for initiating proceedings u...

India - Income Tax Appellate Tribunal Section 153C and 69B Income Tax Act 24 Mar 2025
Interest Received u/s 28 of The Land Acquisition Act is Not Taxable as Income from Other Sources: ITAT Delhi Bench

Interest Received u/s 28 of The Land Acquisition Act is Not Taxable as Income from Other Sources: ITAT Delhi Bench

#IncomeTax #LandAcquisition

Legal Clarity on Land Compensation Interest: ITAT Rules in Favor of Taxpayers In a significant relief for property owners whose land has been subject to compulsory acquisition, the Income Tax Appellate Tribunal (ITAT), Delhi Bench, has reinforced the legal standi...

India - Income Tax Appellate Tribunal Taxability of Interest on Enhanced Compensation 24 Mar 2025
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