Judgements, orders and updates from Income Tax Tribunal.
242 updates
Key Facts and Tribunal Findings The National Company Law Tribunal NCLT , Bengaluru Bench, has admitted a Section 7 insolvency application filed by The Hongkong and Shanghai…
Key Facts and Tribunal Findings The Income Tax Appellate Tribunal ITAT , Kolkata Bench, partly allowed the quantum appeal and fully allowed penalty appeals filed by Md. Babar Ali…
Key Facts and Tribunal Findings The Income Tax Appellate Tribunal ITAT , Delhi Bench, has set aside the ex-parte order passed by the Commissioner of Income Tax Appeals CIT A and…
Key Facts and Tribunal Findings The Income Tax Appellate Tribunal ITAT , Kolkata Bench, partly allowed the appeal of Narayan Barter Pvt. Ltd. for Assessment Year 2011–12,…
Key Facts and Tribunal Findings The Income Tax Appellate Tribunal ITAT , Kolkata Bench, dismissed appeals filed by Philips India Limited for Assessment Years 2008–09 to 2015–16,…
Key Facts and Tribunal Findings The Income Tax Appellate Tribunal ITAT , Bangalore Bench, condoned a delay of 333 days in filing an appeal by an individual assessee and remanded…
Key Facts and Tribunal Findings The Income Tax Appellate Tribunal ITAT , Mumbai Bench, has set aside the rejection of registration under Section 12AB and consequential denial of…
Key Facts and Tribunal Findings The Income Tax Appellate Tribunal ITAT , Mumbai Bench, has set aside the order of the Commissioner of Income Tax Appeals CIT A deleting an addition…
Key Facts and Tribunal Findings The Income Tax Appellate Tribunal ITAT , Mumbai Bench, has set aside the order of the Commissioner of Income Tax Appeals CIT A and remanded the…
Key Facts and Developments The Directorate of Enforcement ED , Delhi Zonal Office, has provisionally attached 126 immovable properties valued at ₹5,046.91 crore in Punjab and…
The Insolvency and Bankruptcy Board of India IBBI has released a research study conducted by the Indian Institute of Management Ahmedabad assessing the effectiveness of the…
Key Facts and Tribunal Findings The Delhi ITAT, in the case of Deepanshu Srivastava, upheld additions made on account of estimated gross profit and unexplained cash deposits,…
Key Facts and Tribunal Findings The Delhi ITAT adjudicated cross-appeals filed by M/s Vestige Marketing Pvt. Ltd. and the Revenue for AYs 2018–19 to 2024–25, arising from…
Key Facts and Tribunal Findings The Delhi ITAT, in a batch of six appeals filed by Swift Impex Pvt. Ltd. for AYs 2015–16 to 2020–21, quashed assessment orders passed under…
Key Facts and Tribunal Findings The Delhi ITAT, in a batch of cross-appeals involving M/s Alaina Bullions Pvt. Ltd., adjudicated additions made under Section 68 in search…
Key Facts and Tribunal Findings The Delhi ITAT, in a batch of cross-appeals involving M/s Orient Craft Ltd. across multiple assessment years, delivered a comprehensive ruling…
Key Facts and Tribunal Findings The Mumbai ITAT allowed the appeal of an individual assessee, holding that income declared under Section 44AD cannot be arbitrarily enhanced by…
Key Facts and Tribunal Findings The Mumbai ITAT set aside an order of the CIT A which had dismissed an appeal in limine due to delay of 127 days, holding that such delay warranted…
Key Facts and Tribunal Findings The Mumbai Bench of the Income Tax Appellate Tribunal ITAT allowed the appeal of Fairchem Organics Limited for AY 2020–21, deleting disallowance of…
The Central Board of Indirect Taxes and Customs CBIC , vide Notification No. 25/2026-Customs N.T. dated 13 March 2026, has revised tariff values for specified goods under Section…
Key Facts and Tribunal Findings The Delhi ITAT allowed the appeal of Kronos Solutions India Pvt. Ltd. for AY 2018–19, quashing the final assessment order as time-barred under…
The Central Board of Indirect Taxes and Customs CBIC has issued Circular No. 12/2026-Customs dated 17 March 2026, prescribing a detailed procedural framework for handling export…
The Central Board of Indirect Taxes and Customs CBIC has issued Notification No. 26/2026-Customs N.T. dated 16 March 2026, amending Notification No. 21/2022-Customs N.T. to revise…
Key Facts and Tribunal Findings The Delhi ITAT adjudicated a wide-ranging appeal filed by Vodafone Idea Limited for AY 2013–14, involving transfer pricing adjustments and multiple…
Key Facts and Tribunal Findings The Mumbai ITAT adjudicated issues relating to capital gains computation under Section 50C and eligibility for deduction under Section 54 in the…
Key Facts and Tribunal Findings The Mumbai ITAT examined the taxability of consultancy receipts and related expense claims in the case of an individual assessee engaged in a…
Key Facts and Tribunal Findings The Mumbai ITAT adjudicated the appeal of an individual assessee, Mahesh Vishindas Chandwani, concerning additions relating to unsecured loans,…
Key Facts and Tribunal Findings The Mumbai ITAT adjudicated the appeal of The Bombay Dyeing and Manufacturing Company Ltd. for AY 2018–19, primarily addressing disallowance under…
Key Facts and Tribunal Findings The Mumbai Bench of the Income Tax Appellate Tribunal ITAT set aside a revisionary order passed under Section 263 of the Income Tax Act, 1961, in…
Key Facts and Tribunal Findings In a detailed ruling involving cross-appeals, the Mumbai ITAT adjudicated multiple issues in the case of Bank of America N.A. for Assessment Year…
Background The Income Tax Appellate Tribunal ITAT , Mumbai Bench, has granted significant relief to Tata AIG General Insurance Company Ltd. while dismissing several appeals filed…
Background The Income Tax Appellate Tribunal ITAT , Bangalore Bench, has quashed reassessment proceedings initiated against civil contractor Gopal Anil Kumar for Assessment Year…
Reopening of Assessment Upheld The Income Tax Appellate Tribunal ITAT , Mumbai Bench, partly allowed the appeal of Rekhaben Sharadkumar Mehta for Assessment Year 2012–13,…
Dispute Over Infrastructure Deduction The Income Tax Appellate Tribunal ITAT , Mumbai Bench, has allowed the appeal of Efficient Illumination Pvt. Ltd. and deleted a disallowance…
Background The Income Tax Appellate Tribunal ITAT , Bangalore Bench, has deleted an addition of ₹2.49 crore made by the Assessing Officer AO against M/s. Raj Diamonds for the…
Background The Income Tax Appellate Tribunal ITAT , Bangalore Bench, has held that a charitable trust can set off excess expenditure incurred in earlier years against income of a…
Background of the Case The Income Tax Appellate Tribunal ITAT , Mumbai Bench, allowed the appeal of Mehul Pravinchandra Sheth and quashed a penalty of ₹5.86 lakh imposed under…
Background The Income Tax Appellate Tribunal ITAT , Mumbai Bench, has allowed the appeal of Jayshree Haresh Shah and deleted an addition of ₹7.41 crore made by the Assessing…
The Government of India, through the Ministry of Finance Department of Revenue , has issued Notification No. 01/2023–Service Tax dated 2 March 2023, amending Notification No.…
The “SMC” Bench, Ahmedabad of the Income Tax Appellate Tribunal partly allowed the appeal of Ambika Laxminiwas Choudhary AY 2011–12 and remanded the matter to the CIT A for fresh…
The Delhi Benches “D” of the Income Tax Appellate Tribunal allowed substantial relief to Oracle Systems Corporation in a batch of seven appeals concerning AYs 2006–07 to 2012–13.…
The “B” Bench, Ahmedabad of the Income Tax Appellate Tribunal partly allowed the appeal of Parshuram Bindhnath Roy AY 2017–18 and restored the matter to the Assessing Officer for…
The Delhi Bench “E” of the Income Tax Appellate Tribunal allowed the appeal of Vijaya Devi Malu AY 2015–16 and deleted additions made under Section 68 towards unsecured loans and…
The Directorate of Enforcement ED , Headquarters Unit, New Delhi, has provisionally attached movable and immovable assets valued at approximately ₹18.10 crore under the provisions…
The Directorate of Enforcement ED , Mangalore Sub Zonal Office, has filed a Prosecution Complaint under the Prevention of Money Laundering Act PMLA , 2002 before the Special Court…
The “A” Bench, Ahmedabad of the Income Tax Appellate Tribunal dismissed the appeal filed by Shree Rajput Samaj, Gandhinagar AY 2025–26 , as withdrawn. Background: Rejection of…
The “G” Bench of the Income Tax Appellate Tribunal, Mumbai, dismissed the appeal filed by God Is Love Charitable Trust as withdrawn in relation to rejection of registration under…
The “B” Bench of the Income Tax Appellate Tribunal, Mumbai, in the case of Nimish Vivek Juvekar AY 2015–16 , held that jurisdictional challenges to reassessment must be examined…
The “G” Bench of the Income Tax Appellate Tribunal, Mumbai, allowed the appeals of Farhana Usman Badarpura for AYs 2017–18, 2018–19 and 2019–20, deleting additions made under…
The “B” Bench of the Income Tax Appellate Tribunal, Mumbai, dismissed the appeals of Nuvama Wealth Management Ltd. for AYs 2014–15 and 2015–16, upholding the invocation of Section…
Showing 50 of 242 updates