India - Income Tax Appellate Tribunal

ITAT: Reopening Assessment on 'Borrowed Satisfaction' Without Independent Inquiry Invalid Under Section 147

ITAT Restricts Arbitrary Reopening: "Borrowed Satisfaction" Does Not Justify Section 147 Scrutiny In a significant ruling for taxpayers, the Income Tax Appellate Tribunal (ITAT), Delhi, has quashed several reassessment orders initiated under Section 147 of the Income...

03 Jun 2026

India - Income Tax Appellate Tribunal

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

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...

24 Mar 2025

India - Income Tax Appellate Tribunal

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

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...

24 Mar 2025

India - Income Tax Appellate Tribunal

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

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...

24 Mar 2025

India - Income Tax Appellate Tribunal

Absence of Incriminating Material Bars Section 153A Additions in Unabated Assessments: ITAT Guwahati

Scaling Back the Scope: ITAT Clarifies Limits onSection 153AAssessments In a significant ruling for taxpayers, theIncome Tax Appellate Tribunal (ITAT), Guwahati Bench, has affirmed that Assessing Officers (AO) cannot make additions to "unabated" or completed assessments without the discovery ...

24 Mar 2025

India - Income Tax Appellate Tribunal

ITAT Hyderabad Rules AO Can Utilize Non-Search Material for Abated Assessments under Section 153A of IT Act

Defining the Boundary: ITAT Hyderabad Clarifies AO’s Authority in Abated Assessments In a significant ruling for taxpayers and theRevenue departmentalike, the Income Tax Appellate Tribunal (ITAT) Hyderabad "B" Bench has provided much-needed clarity regarding an Assessing Officer's (AO) power ...

24 Mar 2025

India - Income Tax Appellate Tribunal

Section 14A Amendment Not Retrospective and ESOP Costs Deductible U/s 37: ITAT Mumbai

ITAT Mumbai Clarifies Section 14A Scope and ESOP Treatment: A Relief for Corporate Taxpayers In a significant ruling for corporate taxpayers, theIncome Tax Appellate Tribunal (ITAT) Mumbaihas provided clarity on two contentious tax issues: the retrospective applicability of amendments to Sect...

24 Mar 2025

India - Income Tax Appellate Tribunal

Compensation Under RFCTLAAR Act, 2013 Exempt for All Entities, Holds ITAT Pune Bench

Does Corporate Status Curb Tax Relief on Land Compensation? ITAT Pune Weighs In In a significant ruling for businesses engaged in real estate and land development, the Income Tax Appellate Tribunal (ITAT) Pune Bench has clarified the scope of tax exemptions on compensation rece...

24 Mar 2025

India - Income Tax Appellate Tribunal

Repayment of Loans Through Banking Channels Voids Section 68 Additions: ITAT Surat

Repayment of Loans Through Banking Channels Voids Section 68 Additions: ITAT Surat In a significant ruling for taxpayers dealing with scrutiny over unsecured loans, the Income Tax Appellate Tribunal (ITAT), Surat Bench, has provided clarity on the application of ...

24 Mar 2025

India - Income Tax Appellate Tribunal

Failure to Provide Sufficient Opportunity for Hearing Vitiates Assessment Orders: ITAT Rajkot Sets Aside Additions Under Section 69A IT Act

The Fast-Track Assessment Trap: ITAT Rajkot Calls Out Procedural Haste In a significant ruling for taxpayers, the Income Tax Appellate Tribunal (ITAT) Rajkot Bench has signaled that administrative expediency-regardless of the magnitude of the underlying transaction—cannot super...

28 Mar 2025