Breaking News
Rigors of Section 37 NDPS Act Prevail Over Detention Period Claims: High Court of J&K and Ladakh
11 Mar 2026
Failure to Pay Compensation Vitiates Limitation Claims in Land Acquisition: High Court of Jammu and Kashmir and Ladakh
04 Mar 2026
Discretionary Nature of Section 143-A NI Act: J&K&L High Court Upholds Interim Compensation Based on Accused's Conduct
12 Jun 2026
Salman Khan Files Delhi HC Plea Against 'Kala Hiran'
12 Jun 2026
Writ Court Cannot Exercise Jurisdiction to Grant Interim Relief After Directing Litigant to Civil Forum: MP High Court
12 Jun 2026
Delayed Registration of Birth Certificate Without Statutory Compliance Is Not Proof of Minority: Sikkim High Court
12 Jun 2026
Personal Participation in Contract Work Creates Employer-Employee Tie Under Employees Compensation Act: Kerala High Court
12 Jun 2026
Supreme Court Dismisses Plea Against Rajya Sabha Nomination Rejection
12 Jun 2026
Insufficient Evidence to Prove Minority or Kidnapping: Gujarat High Court Acquits Two in Atrocity Act Case
29 Jan 2026
Search Results for "income tax appellate tribunal News | Supremetoday AI"
ITAT Delhi Deletes ₹3,885 Cr Tax Addition on OYO Share Premium Under Section 56(2)(viib): Court Refuses to Revisit Valuation
#AngelTax #IncomeTaxAppellateTribunal
The Battle of Valuations: OYO Wins Relief Against Massive 'Angel Tax' AdditionIn a landmark ruling that brings significant relief to the hospitality unicorn OYO, the Income Tax Appellate Tribunal (ITAT) Delhi Bench has deleted a staggerin...
Mechanical Approval Under Section 153D Vitiates Assessment Proceedings: ITAT Delhi Quashes Antriksh Group Tax Orders
#IncomeTaxLaw #ITATDelhi
Mechanical Sanctioning: ITAT Strikes Down Tax Assessments Over 'Rubber Stamp' Approvals In a significant blow to the Revenue department, the Income Tax Appellate Tribunal (ITAT), Delhi Bench, has quashed a series of assessment orders against the Antriksh Group
Absence of Satisfaction Under Section 14A and Debatable Issues Bar Penalty Imposition: ITAT Bangalore
#IncomeTaxLaw #ITAT
ITAT Bangalore Clarifies Limits on Tax Penalties and Section 14A Disallowances In a significant ruling for taxpayers, the Income Tax Appellate Tribunal (ITAT) Bangalore has reinforced the necessity of procedural rigor in tax assessment. The bench, comprising Vice-President Shri...
Mere Disallowance of Legal Claim Does Not Warrant Penalties u/s 271(1)(c): ITAT Delhi Bench Rules in Jet Lite Case
#TaxLaw #FringeBenefitTax
ITAT Delhi: Bona Fide Legal Claims Do Not Attract Penalty for 'Inaccurate Particulars' In a significant ruling for corporate taxpayers, the Income Tax Appellate Tribunal (ITAT), Delhi Bench, has clarified the threshold for levying penalties under the Income Tax A...
Lack of Section 127 Transfer Order Renders Assessment Void Ab Initio: ITAT Delhi
#IncomeTax #TaxJurisdiction
Jurisdictional Overreach: ITAT Delhi Nunc Pro Tunc Voids Tax Assessment Without Proper Transfer In a landmark ruling that reinforces the sanctity of procedural mandates in tax law, the Income Tax Appellate Tribunal (ITAT), Delhi Bench, has declared an assessment order passed by...
ITAT Delhi: Ad-hoc Addition Under Section 68 of Income Tax Act Cannot Be Sustained on Mere Conjecture Without Evidence
#IncomeTax #TaxLitigation
ITAT Delhi Limits Revenue's Power to Disregard "Concocted" Cash Sales Without Evidence In a significant ruling for taxpayers facing scrutiny over cash deposits made during the 2016 demonetization period, the Income Tax Appellate Tribunal (ITAT) Delhi has curtaile...
ITAT: Reopening Assessment on 'Borrowed Satisfaction' Without Independent Inquiry Invalid Under Section 147
#IncomeTax #TaxReassessment
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...
Substantial Compliance Allows Section 35(2AB) Deduction Despite Procedural Delay in Filing Audit Report: ITAT Hyderabad
#IncomeTaxIndia #TaxLitigation
Beyond Technicalities: ITAT Hyderabad Upholds R&D Deduction Despite Reporting Delays In a significant ruling for corporate taxpayers, the Income Tax Appellate Tribunal (ITAT) Hyderabad has affirmed that procedural delays in filing statutory audit reports should n...
ITAT Hyderabad Remands Tax Addition Disputes After Criticizing Summary Procedures and Data Verification: Income Tax Act
#ITAT #TaxLitigation
ITAT Hyderabad Intervenes: Judicial Scrutiny of Summary Tax Additions In a significant ruling for corporate tax compliance, the Income Tax Appellate Tribunal (ITAT), Hyderabad, has set aside multiple tax additions made against M/s. SV Milk & Milk Products Pr...
ITAT Rules Additions Under Sections 69 and 69C Must Be Supported by Corroborative Evidence, Not Just Assessee Statements
#IncomeTaxAppellateTribunal #TaxLitigation
The Perils of 'Confession-Only' Tax Assessments: A Landmark Verdict In a significant ruling for taxpayers, the Income Tax Appellate Tribunal (ITAT), Hyderabad ‘B’ Bench, has underscored that tax authorities cannot impose additions based purely on an assessee’s statements during...
