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 Mumbai Upholds Taxability of Foreign Branch Income and TDS Interest in Bank of Baroda Case
#TaxLitigation #IncomeTaxAppellateTribunal
ITAT Mumbai Closes the Net on Bank of Baroda’s Tax Appeals In a consolidated judgment addressing four years of assessment disputes, theIncome Tax Appellate Tribunal (ITAT) Mumbai Benchhas largely ruled in favor of the Revenue, dismissing several high-stakes claims brought forward by theBank o...
ITAT Mumbai Mandates Opportunity to Challenge DVO Valuation Under Section 56(2)(x) of Income Tax Act
#IncomeTax #TaxLitigation
Taxpayer's Right to Rebut: ITAT Rules on Valuation Under Section 56(2)(x) In a significant ruling for taxpayers facing property-related tax assessments, theIncome Tax Appellate Tribunal (ITAT) Mumbaihas underscored the importance of procedural fairness during the valuation of disputed assets....
ITAT Mumbai Sets Aside Assessment Order Due to Procedural Lapses and Failure to Consider Additional Evidence
#ITATMumbai #IncomeTaxLaw
ITAT Mumbai Overturns Tax Assessment, Citing Procedural Failures In a significant ruling for taxpayers, the Income Tax Appellate Tribunal (ITAT), Mumbai, has set aside a reassessment order against Mr. Ritesh Aggarwal, citing serious procedural oversights by tax authorities. The...
ITAT Kolkata: Section 57 Disallowance Requires Clear Nexus Between Borrowed Funds and Interest-Free Advances
#IncomeTax #TaxLitigation
Navigating the Nexus: ITAT Kolkata Clarifies Interest Disallowance Under Section 57 In a significant ruling for individual taxpayers balancing multiple loan portfolios, the Income Tax Appellate Tribunal (ITAT), Kolkata, has emphasized that tax authorities...
ITAT Kolkata Upholds Captive Power Pricing and Allows CSR Deductions under Section 80G: Balrampur Chini Mills Ruling
#IncomeTax #TransferPricing
ITAT Kolkata Settles Dispute: Captive Power Pricing and CSR Deductions Get Green Light In a significant ruling for the corporate sector, theIncome Tax Appellate Tribunal (ITAT), Kolkata Bench, has provided clarity on the taxation of captive power plants and the eligibility of Corporate Social...
Assessee Entitled to Interest on Unpaid Refund Amounts Under Section 244A: ITAT Kolkata Rules
#IncomeTax #TaxRefund
Fairness Prevails: ITAT Clarifies Interest Calculations on Tax Refunds In a significant ruling for taxpayers, theIncome Tax Appellate Tribunal (ITAT) Kolkata Benchhas reaffirmed that when theIncome Tax Departmentfails to fully refund an amount due to an assessee, it cannot avoid its obligatio...
ITAT Mumbai Strikes Down Reassessment Order for Non-Compliance with Mandatory 'GKN Driveshafts' Procedure
#IncomeTax #TaxLitigation
ITAT Mumbai Nullifies Reassessment Order Over Procedural Lapse In a significant ruling for taxpayers, theIncome Tax Appellate Tribunal(ITAT), Mumbai, has set aside a reassessment order after finding that the Assessing Officer (AO) bypassed a fundamental procedural mandate set by theSupreme Co...
ITAT Mumbai Rules Cash Deposits Explained by Prior Year Withdrawals Are Not Unexplained Income: Appeal Allowed
#IncomeTaxAppellateTribunal #TaxLitigation
ITAT Mumbai Overturns Tax Addition: Evidence of Prior Withdrawals Key to Proving Cash Source In a significant relief for taxpayers, theMumbai Bench of the Income Tax Appellate Tribunal(ITAT) has reinforced the importance of historical financial records in justifying cash transactions during a...
ITAT Kolkata Rules in Favor of Philips India on Disputed Transfer Pricing Adjustments: AY 2021-22
#TransferPricing #ITAT
Consistent Precedents Anchor Relief: ITAT Kolkata Clears Philips India in Major TP Dispute In a significant ruling for multinational entities operating in India, theIncome Tax Appellate Tribunal(ITAT) Kolkata Bench has provided major relief toM/s. Philips India Ltd.regarding various transfer ...
ITAT Mumbai Rules Penalty Under Section 271(1)(c) Requires Merit-Based Hearing, Citing Principles of Natural Justice
#IncomeTaxAppellateTribunal #TaxPenalty
ITAT Mumbai Emphasizes "Principles of Natural Justice" in Landmark Penalty Remand In a significant ruling for taxpayers, theIncome Tax Appellate Tribunal(ITAT), Mumbai Bench, has set aside a penalty order underSection 271(1)(c) of the Income Tax Act, 1961, directing theCommissioner of Income-...
