News Updates
Supreme Court Rules Criminal Courts Must Not Act As Recovery Agents For Disputed Dues
27 Jul 2026
Rajya Sabha Bill Seeks To Criminalize Vande Mataram Disruption Under The National Honour Act
27 Jul 2026
Will Competitive Exams Deplete Delhi District Courts of Judges During Crucial Trial Proceedings This Year?
27 Jul 2026
Bombay High Court Adjourns Defamation Case Involving Union Minister Nitin Gadkari And Online Media Platforms
28 Jul 2026
Rajasthan High Court Directs State to Form Separate Wings for Crime Investigation and Security
28 Jul 2026
Gujarat High Court Upholds Constitutionality Of CGST Section 16 2 c Denying Unpaid Input Tax
28 Jul 2026
Punjab and Haryana High Court Issues New Guidelines For Legal Aid Defense Counsel System
28 Jul 2026
Government Introduces Public Examinations Amendment Bill 2026 In Lok Sabha To Curb Exam Paper Leaks
28 Jul 2026
Should Delhi High Court Increase Pecuniary Jurisdiction of District Courts to ₹10 Crore Threshold?
28 Jul 2026
Search Results for "income tax appellate tribunal News | Supremetoday AI"
Utilizing Sale Proceeds for New Property Before Filing Revised Return Under S.139(4) Qualifies for S.54 Exemption: ITAT Delhi
#IncomeTax #CapitalGains #Section54
ITAT Allows Section 54 Exemption for Property Purchase Before Filing Belated Return, Overturns AO's Denial New Delhi- In a significant ruling providing relief to taxpayers, the Income Tax Appellate Tribunal (ITAT), Delhi Bench, has held that an assessee is eligible for exemption under Section...
Income from Technical Services by UAE Co. Without Indian PE Not Taxable in India Due to DTAA Absence of FTS Clause: ITAT Chennai
#DTAA #TaxLaw #ITAT
No Indian Tax on Technical Fees to UAE Firm Without a Permanent Establishment, Rules ITAT Chennai CHENNAI— In a significant ruling on international taxation, the Chennai Bench of the Income Tax Appellate Tribunal (ITAT) has held that fees for technical services (FTS) earned by a UAE-based com...
ATMs are Computers for Depreciation Purposes, ITAT Chennai Upholds 40% Rate in Favour of Financial Software and Systems Pvt. Ltd.
#TransferPricing #CorporateTax #ITATChennai
ITAT Chennai Grants Major Relief to Financial Software and Systems; Upholds 40% Depreciation on ATMs and Deletes Key Adjustments CHENNAI– In a significant ruling, the Income Tax Appellate Tribunal (ITAT), Chennai Bench, has provided substantial relief to M/s. Financial Software and Systems Pr...
Functional Dissimilarity & Peculiar Economic Circumstances are Valid Grounds to Exclude Comparables in Transfer Pricing Analysis: ITAT Bangalore
TransferPricing TaxLaw ITAT
ITAT Bangalore Upholds Exclusion of Six Companies in Acuity Knowledge Centre's Transfer Pricing Case Bengaluru, IN- The Income Tax Appellate Tribunal (ITAT), Bangalore Bench, has dismissed an appeal filed by the Revenue Department, upholding the decision to exclude six companies from the comp...
Failure to Prove Genesis of Sub-Contract Expenditure by Not Producing Main Contract Agreement Justifies Disallowance U/S 37: ITAT Mumbai
IncomeTax ITAT Section37
ITAT Upholds ₹60.41 Crore Disallowance, Citing Assessee's Failure to Prove Genuineness of Sub-Contract Expenses Mumbai, Maharashtra– The Income Tax Appellate Tribunal (ITAT), Mumbai Bench, has dismissed an appeal by M/s. Baswant Builders and Developers Private Limited, upholding a massive dis...
Penalty u/s 271(1)(c) Deleted When Incorrect Claim Voluntarily Withdrawn as Bonafide Mistake During Assessment: ITAT Mumbai
#IncomeTax #TaxPenalty #ITAT
ITAT Deletes Rs 2.28 Cr Penalty, Rules Voluntary Withdrawal of Incorrect Claim is a Bonafide Mistake Mumbai:The Income Tax Appellate Tribunal (ITAT), Mumbai Bench, has delivered a significant ruling by deleting a penalty of Rs. 2.28 crore levied on Ms. Ila Jitendra Mehta. The Tribunal held th...
Land's Status as 'Capital Asset' Depends on Distance from Merged Municipal Limits, Not Abolished Ones: ITAT Hyderabad Remands Case
CapitalGains IncomeTax AgriculturalLand
ITAT Remands Capital Gains Case, Cites Municipal Merger Creating GHMC as Key Factor Hyderabad, Telangana– The Income Tax Appellate Tribunal (ITAT), Hyderabad Bench, has partly allowed an appeal concerning the taxation of gains from agricultural land, ruling that the land's status as a "capita...
Reassessment Notice for AY 2013-14 Time-Barred; SC's Ashish Agarwal Ruling Cannot Rescue Cases Where Limitation Expired Pre-31.03.2021: ITAT Jaipur
#IncomeTax #Reassessment #ITAT
ITAT Quashes Rs. 55 Lakh Addition, Rules Reassessment Notice Time-Barred and Inconsistent Jaipur:The Income Tax Appellate Tribunal (ITAT), Jaipur Bench, has set aside a reassessment order against Mr. Vinod Kumar Jangir, quashing an addition of Rs. 55 lakh. The tribunal ruled that the reassess...
Notice u/s 148 of Income Tax Act to a dissolved firm after all partners' death is invalid and nullifies reassessment: ITAT Jodhpur
#IncomeTax #ITAT #TaxLaw
Notice to a Non-Existent Firm is a Jurisdictional Flaw, Vitiates Entire Reassessment: ITAT Jodhpur Jodhpur:The Income Tax Appellate Tribunal (ITAT), Jodhpur Bench, has delivered a significant ruling, quashing reassessment proceedings initiated against a partnership firm that had ceased to exi...
CSR Expenses Can Qualify for Section 80G Deduction: ITAT Pune Bench Rules in Dana Anand India Case
#IncomeTaxTribunal #CSRExpenditure
Clarifying CSR Tax Benefits: ITAT Pune Decides in Favor of Assessee In a significant ruling for corporate taxpayers, the Income Tax Appellate Tribunal (ITAT) Pune Bench recently held that Corporate Social Responsibility (CSR) expenses, which are otherwise disallowed as business...
