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ITAT Mumbai Upholds 0.5% Corporate Guarantee Fee and Permits ESOP Deductions
Discover how the ITAT Mumbai ruling on corporate guarantee fees and ESOP deductions impacts tax disputes and transfer pricing for businesses.
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ITAT Mumbai Deletes ₹1.71 Crore Section 68 Addition on Advance Received & Refunded Through Banking Channels
Discover how ITAT Mumbai cleared a 1.71 crore tax addition under Section 68 by proving the transparency of advances refunded via banking channels.
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Gujarat High Court Upholds Section 153C Notices in Landmark Tax Ruling
The High Court of Gujarat has officially dismissed a series of petitions challenging tax notices issued under Section 153C of the Income Tax Act, ruling that the foundational satisfaction notes…
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ITAT Chennai Rules in Favor of Taxpayer on Section 36(1)(iii) Interest Disallowance
In a recent ruling that provides significant relief to corporate taxpayers, the Chennai bench of the Income Tax Appellate Tribunal (ITAT) has deleted an interest disallowance previously levied under Section…
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Section 263 Cannot Cure Wrong Penalty Provision in Assessment Order: ITAT Chennai
In a significant legal development, the Chennai bench of the Income Tax Appellate Tribunal (ITAT) has ruled that a revision order under Section 263 of the Income Tax Act cannot…
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ITAT Delhi Quashes Reassessment Due to Jurisdictional Lapses by Income Tax Officer
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has formally quashed a tax reassessment proceeding in a recent ruling. According to reports, the tribunal determined that the assessing…
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ITAT Quashes Reassessment Under Section 147 for Change of Opinion on Share Premium
Discover how the ITAT quashed a Section 147 reassessment over share premium, reinforcing vital taxpayer protections against arbitrary tax audits.
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Delhi ITAT Quashes Assessment for No Fresh Section 143(2) Notice After Jurisdiction Change
Delhi ITAT quashed a tax assessment because the new officer failed to issue a mandatory Section 143 2 notice after a jurisdiction change.
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Delhi ITAT Quashes Reassessment for Granting Less Than Mandatory Seven Days’ Time Under Section 148A(b)
The Delhi ITAT quashed a tax reassessment because the authority failed to give the taxpayer the mandatory seven-day response time under Section 148A.
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Bangalore ITAT Rules in Favor of Unregistered Educational Trust Regarding Loss Set-Off
In a notable tax jurisprudence development, the Bangalore bench of the Income Tax Appellate Tribunal (ITAT) delivered a favorable verdict regarding the tax computation for an unregistered educational trust. According…