Franklin Joshva
![Dividend Paid to IFC Exempt from Dividend Distribution Tax Under Overriding Immunity of IFC Act, 1958: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/06/19/500x300_2050593-dividend-paid-to-ifc-exempt-ifc-exempt-from-dividend-distribution-dividend-distribution-tax-taxscan.webp "Dividend Paid to IFC Exempt from Dividend Distribution Tax Under Overriding Immunity of IFC Act, 1958: ITAT [Read Order]")
Dividend Paid to IFC Exempt from Dividend Distribution Tax Under Overriding Immunity of IFC Act, 1958: ITAT [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) ruled that dividends paid to the International Finance Corporation (IFC) are exempt...
![ITR Filed 2 Seconds Late due to Glitches in Income Tax portal: ITAT directs to Treat Filed in Time [Read Order]](https://images.taxscan.in/h-upload/2025/06/19/250x150_2050606-itr-itr-filed-late-due-to-glitches-glitches-in-income-tax-portal-income-tax-portal-taxscan.webp "ITR Filed 2 Seconds Late due to Glitches in Income Tax portal: ITAT directs to Treat Filed in Time [Read Order]")
![Loan Not Utilised for Business Purposes: ITAT upholds PCITs Decision Directing AO to Verify Exemption u/s 14A [Read Order]](https://images.taxscan.in/h-upload/2025/06/18/250x150_2050053-itat-kolkata-income-tax-act-tax-news-increases-in-short-term-loans-taxscan.webp "Loan Not Utilised for Business Purposes: ITAT upholds PCITs Decision Directing AO to Verify Exemption u/s 14A [Read Order]")
![ITAT Denies Section 54F Exemption for Property Purchased in Mothers Name [Read Order]](https://images.taxscan.in/h-upload/2025/06/19/250x150_2050580-itat-itat-roundup-weeklyrounup-taxscan-5.webp "ITAT Denies Section 54F Exemption for Property Purchased in Mothers Name [Read Order]")
![Sale of REC/ Carbon Credits are Capital Receipt: ITAT Quashes Demand [Read Order]](https://images.taxscan.in/h-upload/2025/06/19/500x300_2050590-carbon-credits-itat-quashes-capital-receipt-taxscan.webp "Sale of REC/ Carbon Credits are Capital Receipt: ITAT Quashes Demand [Read Order]")
Relief to SpiceJet: ITAT Dismisses Income Tax Department Appeals on Supplementary Rent Disallowance [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) ruled that supplementary rent payments are exempt from tax in India under Section 10(15A) of the Income Tax Act, 1961, and not subject to ...
![Relief to SpiceJet: ITAT Dismisses Income Tax Department Appeals on Supplementary Rent Disallowance [Read Order]](https://images.taxscan.in/h-upload/2025/06/19/500x300_2050678-income-tax-spicejet-itat-taxscan.webp "Relief to SpiceJet: ITAT Dismisses Income Tax Department Appeals on Supplementary Rent Disallowance [Read Order]")
Deferred Sales Tax Waiver is Taxable as Business Income Under Section 28(iv) of Income Tax Act: ITAT [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has ruled that the waiver of deferred sales tax liability, prepaid at Net Present Value (NPV), constitutes taxable business income under...
![Deferred Sales Tax Waiver is Taxable as Business Income Under Section 28(iv) of Income Tax Act: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/06/19/500x300_2050475-business-income-itat-taxscan.webp "Deferred Sales Tax Waiver is Taxable as Business Income Under Section 28(iv) of Income Tax Act: ITAT [Read Order]")
AO Neither Rejects Nor Accepts Rectification Application on TDS credit: ITAT Remands Rs. 35k TDS Credit of Trust for Reassessment [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) has remanded the matter to the Assessing Officer (AO) for fresh adjudication, directing verification of a Tax Deducted at Source...
![AO Neither Rejects Nor Accepts Rectification Application on TDS credit: ITAT Remands Rs. 35k TDS Credit of Trust for Reassessment [Read Order]](https://images.taxscan.in/h-upload/2025/06/18/500x300_2050054-reassessment-tds-credit-ao-taxscan.webp "AO Neither Rejects Nor Accepts Rectification Application on TDS credit: ITAT Remands Rs. 35k TDS Credit of Trust for Reassessment [Read Order]")
ITAT Allows KBS Creations’ Appeal, Rules No Transfer Pricing Adjustment Without Proved ‘Arrangement’ Under Section 80IA(10) [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has set aside a transfer pricing (TP) adjustment of Rs. 10.98 crore and ruled that the Assessing Officer (AO) failed to establish an...
![ITAT Allows KBS Creations’ Appeal, Rules No Transfer Pricing Adjustment Without Proved ‘Arrangement’ Under Section 80IA(10) [Read Order]](https://images.taxscan.in/h-upload/2025/06/19/500x300_2050488-transfer-pricing-.webp "ITAT Allows KBS Creations’ Appeal, Rules No Transfer Pricing Adjustment Without Proved ‘Arrangement’ Under Section 80IA(10) [Read Order]")
Delay In Filing Income Tax Appeal Due to Auditor's Death: ITAT Condones 338 Days of Educational Institution [Read Order]
The Cochin Bench of the Income Tax Appellate Tribunal (ITAT) condoned a 338-day delay in filing an appeal by The Centre for Management Development, citing the death of the assessee’s auditor as...
![Delay In Filing Income Tax Appeal Due to Auditors Death: ITAT Condones 338 Days of Educational Institution [Read Order]](https://images.taxscan.in/h-upload/2025/06/18/500x300_2050050-delay-in-filing-income-tax-appeal-filing-income-tax-appeal-income-tax-appeal-taxscan.webp "Delay In Filing Income Tax Appeal Due to Auditors Death: ITAT Condones 338 Days of Educational Institution [Read Order]")
CIT(A) Sustains Additions without Considering Virtual Hearing Request: ITAT Remands Matter for fresh Adjudication [Read Order]
The Cochin Bench of the Income Tax Appellate Tribunal (ITAT) remanded the matter to the Commissioner of Income Tax (Appeals) [CIT(A)] for fresh adjudication, citing the CIT(A)’s failure to consider...
![CIT(A) Sustains Additions without Considering Virtual Hearing Request: ITAT Remands Matter for fresh Adjudication [Read Order]](https://images.taxscan.in/h-upload/2025/06/18/500x300_2050042-itat-itat-roundup-weeklyrounup-taxscan-4.webp "CIT(A) Sustains Additions without Considering Virtual Hearing Request: ITAT Remands Matter for fresh Adjudication [Read Order]")