Advika Dwivedi
![Excessive Suo-Motu Disallowance u/s 14A Restricted: ITAT Grants Relief to Hero Cycles Ltd. in Income Tax Appeal [Read Order]](https://images.taxscan.in/h-upload/2025/09/25/500x300_2090909-itat-hero-cycles-ltd-income-tax-appeal-taxscan.webp "Excessive Suo-Motu Disallowance u/s 14A Restricted: ITAT Grants Relief to Hero Cycles Ltd. in Income Tax Appeal [Read Order]")
Excessive Suo-Motu Disallowance u/s 14A Restricted: ITAT Grants Relief to Hero Cycles Ltd. in Income Tax Appeal [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chandigarh Bench, considered the appeal of an assessee regarding its own disallowance under Section 14A of...
![Relief for Maxxis Rubber as ITAT Rejects PCIT’s Interpretation of Depreciation u/S. 263 [Read Order]](https://images.taxscan.in/h-upload/2025/09/25/250x150_2090826-maxxis-rubber-itat-pcit-taxscan.webp "Relief for Maxxis Rubber as ITAT Rejects PCIT’s Interpretation of Depreciation u/S. 263 [Read Order]")
![JDA Does Not Constitute Transfer u/s. 2(47): ITAT Deletes Capital Gains Addition on Security Deposit [Read Order]](https://images.taxscan.in/h-upload/2025/09/24/250x150_2090478-capital-gains-addition.webp "JDA Does Not Constitute Transfer u/s. 2(47): ITAT Deletes Capital Gains Addition on Security Deposit [Read Order]")
![Delay of 38 Days in Filing Income Tax Appeal Condoned: ITAT Finds Spam Folder Issue a Sufficient Cause [Read Order]](https://images.taxscan.in/h-upload/2025/09/24/250x150_2090470-itat-chandigarh-income-tax-filing-income-tax-appeal-taxscan.webp "Delay of 38 Days in Filing Income Tax Appeal Condoned: ITAT Finds Spam Folder Issue a Sufficient Cause [Read Order]")
![ITAT Allows Joy Alukkas’s Income Tax Deduction of ₹1.39 Cr Interest on Loans for Renovation of Leasehold Premises u/s 36(1)(iii) [Read Order]](https://images.taxscan.in/h-upload/2025/09/24/250x150_2090385-income-tax-deduction-taxscan.webp "ITAT Allows Joy Alukkas’s Income Tax Deduction of ₹1.39 Cr Interest on Loans for Renovation of Leasehold Premises u/s 36(1)(iii) [Read Order]")
Allegation of Suppressed Turnover and Bogus Discounts: ITAT accepts HP India Sales’ Evidence as Genuine Business Practice [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore, overturned the Assessing Officer’s allegation of suppressed turnover and bogus discounts, accepting the company’s evidence, including...
![Allegation of Suppressed Turnover and Bogus Discounts: ITAT accepts HP India Sales’ Evidence as Genuine Business Practice [Read Order]](https://images.taxscan.in/h-upload/2025/09/24/500x300_2090381-allegation-turnover-itat-hp-india-taxscan.webp "Allegation of Suppressed Turnover and Bogus Discounts: ITAT accepts HP India Sales’ Evidence as Genuine Business Practice [Read Order]")
Bright Line Test not Applicable for TP Adjustments on Jewellery, Textiles and Gift Exports: ITAT Remands Joy Alukkas’ Income Tax Case for Fresh Benchmarking [Read Order]
The Income Tax Appellate Tribunal (ITAT), Cochin bench, directed the remand of transfer pricing adjustments relating to benchmarking of exports, treatment of Associated Enterprise, and...
![Bright Line Test not Applicable for TP Adjustments on Jewellery, Textiles and Gift Exports: ITAT Remands Joy Alukkas’ Income Tax Case for Fresh Benchmarking [Read Order]](https://images.taxscan.in/h-upload/2025/09/24/500x300_2090373-benefits.webp "Bright Line Test not Applicable for TP Adjustments on Jewellery, Textiles and Gift Exports: ITAT Remands Joy Alukkas’ Income Tax Case for Fresh Benchmarking [Read Order]")
Penalty u/s 271(1)(c) of the Income Tax Act Requires Verification of Loss: ITAT Orders Re-Examination [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai, has remanded a penalty dispute involving concealment of income and inaccurate particulars under Section 271(1)(c) of the Income Tax Act, 1961, for...
![Penalty u/s 271(1)(c) of the Income Tax Act Requires Verification of Loss: ITAT Orders Re-Examination [Read Order]](https://images.taxscan.in/h-upload/2025/09/23/500x300_2090163-tat-mumbai-income-tax-act-penalty-taxscanjpge.webp "Penalty u/s 271(1)(c) of the Income Tax Act Requires Verification of Loss: ITAT Orders Re-Examination [Read Order]")
Improper Email Service and CA’s Demise is Valid Cause for Non-Compliance: ITAT restores Income Tax Appeal for Fresh Hearing [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore, has restored an appeal for fresh adjudication after finding that appellate notices were largely issued to incorrect email addresses and that the...
![Improper Email Service and CA’s Demise is Valid Cause for Non-Compliance: ITAT restores Income Tax Appeal for Fresh Hearing [Read Order]](https://images.taxscan.in/h-upload/2025/09/23/500x300_2090142-email-service-ca-valid-cause-for-non-compliance-taxscan.webp "Improper Email Service and CA’s Demise is Valid Cause for Non-Compliance: ITAT restores Income Tax Appeal for Fresh Hearing [Read Order]")
Foreign Currency Derivative Losses Allowed as Business Expenditure: ITAT quashes Revisionary Income Tax Order [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad, has quashed a revisionary order passed under Section 263 of the Income Tax Act, 1961, by the Principal Commissioner of Income Tax. The Tribunal...
![Foreign Currency Derivative Losses Allowed as Business Expenditure: ITAT quashes Revisionary Income Tax Order [Read Order]](https://images.taxscan.in/h-upload/2025/09/23/500x300_2090135-foreign-currency-derivative-losses-business-expenditure-taxscan.webp "Foreign Currency Derivative Losses Allowed as Business Expenditure: ITAT quashes Revisionary Income Tax Order [Read Order]")
Co-Op Society cannot Claim Income Tax Deduction on Interest from Regional Rural Bank Deposits: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad, has ruled that interest earned from deposits with Regional Rural Banks (RRBs) is not eligible for deduction under Section 80P of the Income Tax...
![Co-Op Society cannot Claim Income Tax Deduction on Interest from Regional Rural Bank Deposits: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/09/23/500x300_2090126-itat-section-80p-rural-banks-taxscan.webp "Co-Op Society cannot Claim Income Tax Deduction on Interest from Regional Rural Bank Deposits: ITAT [Read Order]")
ITAT Sets Aside Deletion of ₹1.43 Crore Unexplained Cash Deposits in Income Tax Dispute due to Absence of Critical Supporting Evidence [Read Order]
The Income Tax Appellate Tribunal (ITAT), Hyderabad bench has set aside the deletion of income tax additions made towards unexplained cash deposits and alleged cash payments by Ingeneric...
![ITAT Sets Aside Deletion of ₹1.43 Crore Unexplained Cash Deposits in Income Tax Dispute due to Absence of Critical Supporting Evidence [Read Order]](https://images.taxscan.in/h-upload/2025/09/23/500x300_2090128-itat-cash-deposits-income-tax-taxscan.webp "ITAT Sets Aside Deletion of ₹1.43 Crore Unexplained Cash Deposits in Income Tax Dispute due to Absence of Critical Supporting Evidence [Read Order]")