![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]")
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 ...
![Threshold u/s 4 of IBC should be met at time of Filing of CIRP application: NCLAT [Read Order]](https://images.taxscan.in/h-upload/2025/06/19/250x150_2050487-nclat-nclat-new-delhi-cirp-application-taxscan.webp "Threshold u/s 4 of IBC should be met at time of Filing of CIRP application: NCLAT [Read Order]")
![Subsidy Received by BOI from RBI Cannot be Treated as Interest Chargeable u/s 4 of Income Tax Act: Bombay HC [Read Order]](https://images.taxscan.in/h-upload/2025/06/19/250x150_2050461-boi-rbi-taxscan.webp "Subsidy Received by BOI from RBI Cannot be Treated as Interest Chargeable u/s 4 of Income Tax Act: Bombay HC [Read Order]")
![Application u/s 7 of IBC Admissible even in Absence of NeSL Certificate if Loan Disbursal & Default Proved with Relevant Documents : NCLT allows application of Canara Bank [Read Order]](https://images.taxscan.in/h-upload/2025/06/19/250x150_2050471-nclt-canara-bank-taxscan.webp "Application u/s 7 of IBC Admissible even in Absence of NeSL Certificate if Loan Disbursal & Default Proved with Relevant Documents : NCLT allows application of Canara Bank [Read Order]")
![NCLAT allows admission of CIRP Application as Debt established with record of NeSL and default [Read Order]](https://images.taxscan.in/h-upload/2025/06/19/500x300_2050427-nclat-cirp-taxscan.webp "NCLAT allows admission of CIRP Application as Debt established with record of NeSL and default [Read Order]")
No Extended Limitation or Penalty Where Clearance Details Were Disclosed in ER-1 Returns: CESTAT [Read Order]
The Hyderabad Bench of the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) ruled that the excise duty demand against Safe Parentals Ltd and Safe Formulations Ltd must be recalculated...
![No Extended Limitation or Penalty Where Clearance Details Were Disclosed in ER-1 Returns: CESTAT [Read Order]](https://images.taxscan.in/h-upload/2025/06/19/500x300_2050407-er-1-returns-cestat-taxscan.webp "No Extended Limitation or Penalty Where Clearance Details Were Disclosed in ER-1 Returns: CESTAT [Read Order]")
Income from Live Sports Licensing Not Taxable as Royalty Due to Lack of Copyright Protection: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) held that income earned from licensing live sports broadcasts is not taxable as royalty because live broadcasts do not enjoy copyright...
![Income from Live Sports Licensing Not Taxable as Royalty Due to Lack of Copyright Protection: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/06/19/500x300_2050466-live-sports-licensing-site-img.webp "Income from Live Sports Licensing Not Taxable as Royalty Due to Lack of Copyright Protection: ITAT [Read Order]")
ITAT Rules 10% Recorded, 90% Live Revenue Split Fair for Sports Broadcast Licensing Income [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) partly allowed an appeal concerning the apportionment of sports broadcast licensing income, where the Assessing Officer (AO) treated the...
![ITAT Rules 10% Recorded, 90% Live Revenue Split Fair for Sports Broadcast Licensing Income [Read Order]](https://images.taxscan.in/h-upload/2025/06/19/500x300_2050462-sports-broadcast.webp "ITAT Rules 10% Recorded, 90% Live Revenue Split Fair for Sports Broadcast Licensing Income [Read Order]")
CESTAT Quashes Penalty on Diamond Firm Director: No Proof of Misdeclaration or Overvaluation in Exports [Read Order]
The Kolkata Bench of the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) ruled that no penalty could be imposed on a diamond company director in the absence of any evidence showing...
![CESTAT Quashes Penalty on Diamond Firm Director: No Proof of Misdeclaration or Overvaluation in Exports [Read Order]](https://images.taxscan.in/h-upload/2025/06/19/500x300_2050408-penalty.webp "CESTAT Quashes Penalty on Diamond Firm Director: No Proof of Misdeclaration or Overvaluation in Exports [Read Order]")
Commissioner (Appeals) Failed to Address Allegations and Defence: CESTAT Orders Re-examination in Import Misdeclaration [Read Order]
The New Delhi Bench of the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) set aside an order passed by the Commissioner of Customs (Appeals), finding that the appellate authority...
![Commissioner (Appeals) Failed to Address Allegations and Defence: CESTAT Orders Re-examination in Import Misdeclaration [Read Order]](https://images.taxscan.in/h-upload/2025/06/19/500x300_2050374-cestat-cestat-new-delhi-import-misdicaration-taxscan.webp "Commissioner (Appeals) Failed to Address Allegations and Defence: CESTAT Orders Re-examination in Import Misdeclaration [Read Order]")