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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 Rejects Equity Re-characterization of CCDs, Allows Interest Deduction for Goldman Sachs Under IT Act
#TaxLaw #TransferPricing
Debt or Equity? Mumbai ITAT Settles Classification of Mandatory Convertible Debentures in Goldman Sachs Case In a significant ruling for corporate taxation, the Income Tax Appellate Tribunal (ITAT), Mumbai Bench, has clarified the tax treatment of Compulsory Convertible Debentu...
Repayment of Loans in Subsequent Years Bars Section 68 Additions: ITAT Surat Bench Affirms CIT(A)
#IncomeTax #TaxLitigation
Repayment of Loans in Subsequent Years Bars Section 68 Additions: ITAT Surat Bench Affirms CIT(A) In a significant ruling for taxpayers facing scrutiny over "accommodation entries," the Income Tax Appellate Tribunal (ITAT) Surat bench has ruled that additions made under
ITAT Surat: Interest Income from Co-operative Banks Eligible for Deduction u/s 80P(2)(d) for Co-operative Societies
#IncomeTaxAppellateTribunal #Section80P
Tax Relief for Co-ops: ITAT Surat Affirms Deductibility of Interest Income from Co-operative Banks In a significant relief for the co-operative sector, the Income Tax Appellate Tribunal (ITAT) Surat Bench has reaffirmed that co-operative societies are entitled to claim deductio...
PCIT Cannot Invoke Section 263 to Direct Penalty Initiation Where AO Found No Merit: ITAT Visakhapatnam
#IncomeTax #TaxLitigation
ITAT Visakhapatnam Limits PCIT’s Revisional Powers: Penalty Initiation Under Section 263 Deemed Improper In a significant ruling for taxpayers, the Income Tax Appellate Tribunal (ITAT), Visakhapatnam Bench, has clarified the boundaries of the Principal Commissioner of Inco...
Keyman Insurance Premium Deductible U/S 37(1) Even if Policy is Endowment Type; Assignment of Policy is Critical: Ahmedabad ITAT
#KeymanInsurance #Section37 #TaxTribunal
Keyman Insurance Premium Deductible Based on Substance, Not Form: ITAT Remands Case for Verification Ahmedabad: In a significant ruling on the deductibility of Keyman Insurance Policy premiums, the Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) has held that the commercial substa...
Addition U/S 68 Deleted For Failure To Provide Cross-Examination & Reliance On Retracted Statement: ITAT Jaipur
#IncomeTax #Section68 #NaturalJustice
ITAT Quashes ₹80 Lakh Addition, Cites Violation of Natural Justice and Reliance on Retracted Statement Jaipur:The Income Tax Appellate Tribunal (ITAT), Jaipur Bench, has dismissed an appeal by the Income Tax Department, upholding the deletion of an ₹80 lakh addition made against an assessee, ...
ITAT Mumbai: AO Can't Reject Consistently Followed Stock Valuation Method (ICDS-II) U/S 145(3) Without Pointing Out Specific Defects
#IncomeTax #ITAT #StockValuation
Mumbai ITAT Upholds Principle of Consistency in Stock Valuation, Rejects Revenue's Appeal Mumbai, India– The Income Tax Appellate Tribunal (ITAT), Mumbai Bench, has delivered a significant ruling in favour of Blue Star Diamonds Pvt. Ltd., dismissing an appeal by the Deputy Commissioner of Inc...
Interest from Surplus Funds in Co-op Banks Not Deductible Under S.80P; Not 'Business Income': ITAT Kolkata
#IncomeTax #Section80P #CooperativeSociety
Interest from Surplus Funds in Co-op Banks Not 'Business Income', Ineligible for S.80P Deduction: ITAT Kolkata Kolkata:The Income Tax Appellate Tribunal (ITAT), Kolkata Bench, has ruled that a cooperative society is not entitled to claim deductions under Section 80P of the Income Tax Act, 196...
Second Search Abates Pending Assessment Proceedings; Subsequent Orders Time-Barred If Passed Beyond Limit Calculated From Second Search Date: ITAT Ahmedabad
#IncomeTax #TaxLitigation #ITAT
ITAT Quashes Assessment Orders, Citing Second Search Abated Original Proceedings Ahmedabad:In a significant ruling on the complexities of overlapping tax search assessments, the Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench, has quashed assessment orders against Shri Ashish Prafulbhai...
Mere Indian Address in Foreign Bank Account Insufficient to Tax Non-Resident's Foreign Income: Mumbai ITAT
NonResidentTaxation IncomeTaxAct ITAT
Foreign Income of Non-Resident Not Taxable in India Without Concrete Proof of Indian Nexus, Rules Mumbai ITAT MUMBAI, INDIA– In a significant ruling clarifying the scope of taxation for non-residents, the Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that funds held in a f...
