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"
ITAT Allows Genuine Business Losses in Logistics and ESOP Deductions Under Section 37: Bengaluru Bench
#IncomeTaxDeduction #BusinessLosses
ITAT Bengaluru Allows Instakart's Business Losses and ESOP Deductions, Overturns Revenue's Disallowances Introduction The Income Tax Appellate Tribunal (ITAT) Bengaluru Bench, comprising Accountant Member Shri Waseem Ahmed and Judicial Member Shri Keshav Dubey, has ruled in favor of Instakart...
ITAT Quashes Reassessments Over Unrelated Additions and Undisposed Objections
#IncomeTaxReassessment #ITATJudgment #Section147
ITAT Quashes Reassessments Over Unrelated Additions and Undisposed Objections In a significant ruling for tax litigators and assessees challenging reassessment actions, the Income Tax Appellate Tribunal (ITAT) Delhi Bench has quashed reassessment proceedings under Section 147 of the Income Ta...
ITAT Deletes ₹10.84 Cr Addition Against Preity Zinta Under Section 68
#IncomeTaxAppeal #TaxLitigation #UnexplainedCredits
ITAT Deletes ₹10.84 Cr Addition Against Preity Zinta Under Section 68 In a significant victory for Bollywood actress and high-profile taxpayer Preity G. Zinta, the Income Tax Appellate Tribunal (ITAT) Mumbai has deleted a substantial ₹10.84 crore addition made to her income under Section 68 o...
AO's Plausible View Allowing 80P Deduction on Interest from Banks Not Erroneous or Prejudicial Under S.263: ITAT Bangalore
#IncomeTaxAppeal #Section80P #ITATJudgment
ITAT Bangalore Quashes PCIT's Revision Orders: Interest Income from Banks Qualifies for 80P Deduction as Business Income The Income Tax Appellate Tribunal (ITAT) Bangalore Bench, comprising Vice President Shri Prashant Maharishi and Judicial Member Shri Keshav Dubey, has ruled in favor of two...
Statement U/S 133A Income Tax Act Has No Evidentiary Value, Cannot Be Sole Basis for Disallowing Expenses: ITAT Bangalore
#IncomeTax #ITAT #TaxLaw
ITAT Bangalore Rules Statements from Tax Surveys Lack Evidentiary Value, Reverses Major Disallowance Bengaluru:The Income Tax Appellate Tribunal (ITAT), Bangalore Bench, has delivered a significant ruling, holding that statements recorded during a survey under Section 133A of the Income Tax A...
ITAT Mumbai: Addition of Bogus Long-Term Capital Gains Under Section 68 Requires Specific Evidence, Not Just General Findings
#TaxLaw #IncomeTaxAppellateTribunal
ITAT Nixes Multi-Crore LTCG Addition: Why "Penny Stock" Allegations Require More Than General Reports In a significant relief to taxpayers caught in the net of "penny stock" investigations, the Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has ruled th...
ITAT Mumbai Upholds Non-Corporate Status for Kuwait Investment Authority, Allows Set-Off of Short-Term Capital Losses
#TaxLaw #ITAT
ITAT Mumbai Upholds Non-Corporate Status for Kuwait Investment Authority, Allows Set-Off of Short-Term Capital Losses In a significant decision for foreign investors, theIncome Tax Appellate Tribunal (ITAT), Mumbai Bench, has ruled in favor of theKuwait Investment Authority (KIA), dismissing ...
AOPs Taxed at Maximum Marginal Rate Must Apply Surcharge Based on Finance Act Slabs: ITAT Panaji
#IncomeTax #TaxLitigation
AOPs Taxed at Maximum Marginal Rate Must Apply Surcharge Based on Finance Act Slabs: ITAT Panaji In a significant ruling concerning the taxation of Association of Persons (AOP), theIncome Tax Appellate Tribunal (ITAT), Panaji Bench, has provided clarity on the application of the Maximum Margi...
ITAT Mumbai Rules Procedural Errors in Filing Appeals Should Not Prejudice Assessee’s Right to Adjudication on Merits
#ITAT #IncomeTaxPenalty
ITAT Mumbai Rules Procedural Errors in Filing Appeals Should Not Prejudice Assessee’s Right to Adjudication on Merits In a decision emphasizing the importance of substantial justice over rigid technicalities, theIncome Tax Appellate Tribunal (ITAT), Mumbai Bench, has set aside a dismissal ord...
Enhanced 60% Tax Rate Under Section 115BBE Applies Only To Post-April 2017 Transactions: ITAT Visakhapatnam
#IncomeTax #Section115BBE
Closing the Loop on Demonetization-Era Taxes: ITAT Limits Section 115BBE Rate In a significant ruling for taxpayers, the Income Tax Appellate Tribunal (ITAT) Visakhapatnam has clarified the scope of the controversial 60% tax rate introduced under Section 115BBE of th...
