![Brought-Forward Losses Cannot be Set Off against DTAA-Exempt LTCG: ITAT Bars Adjustment [Read Order]](https://images.taxscan.in/h-upload/2026/01/13/500x300_2118727-brought-forward-losses-cannot-be-set-off-against-dtaa-exempt-ltcg-taxscan.webp "Brought-Forward Losses Cannot be Set Off against DTAA-Exempt LTCG: ITAT Bars Adjustment [Read Order]")
Brought-Forward Losses Cannot be Set Off against DTAA-Exempt LTCG: ITAT Bars Adjustment [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) held that long-term capital gains (LTCG) which are exempt from tax in India under a Double...
![ITAT Grants Relief on Unexplained Income in ₹94-Lakh Property Sale Despite Invalid Income Tax Return [Read Order]](https://images.taxscan.in/h-upload/2026/01/12/250x150_2118429-itat-grants-relief-unexplained-income-property-sale-despite-invalid-income-tax-return-taxscan.webp "ITAT Grants Relief on Unexplained Income in ₹94-Lakh Property Sale Despite Invalid Income Tax Return [Read Order]")
![Reversal of Interest u/s 23 of MSMED Act Cannot Attract Addition In Absence of Deduction Claim: ITAT Directs AO to Verify [Read Order]](https://images.taxscan.in/h-upload/2026/01/12/250x150_2118411-reversal-interest-msmed-act-addition-deduction-claim-itat-ao-taxscan.webp "Reversal of Interest u/s 23 of MSMED Act Cannot Attract Addition In Absence of Deduction Claim: ITAT Directs AO to Verify [Read Order]")
![TOLA cannot Revive Reassessment Bar After 6 Years: ITAT Sets Aside ₹1.09 Cr Demand [Read Order]](https://images.taxscan.in/h-upload/2026/01/12/250x150_2118405-tola-cannot-revive-reassessment-bar-taxscan.webp "TOLA cannot Revive Reassessment Bar After 6 Years: ITAT Sets Aside ₹1.09 Cr Demand [Read Order]")
![Mistaken Self-Disallowance u/S.36 in Income tax Return Can Be Rectified: ITAT Orders Fresh Review [Read Order]](https://images.taxscan.in/h-upload/2026/01/12/250x150_2118414-mistaken-self-disallowance-income-tax-return-rectified-taxscan.webp "Mistaken Self-Disallowance u/S.36 in Income tax Return Can Be Rectified: ITAT Orders Fresh Review [Read Order]")
Purchases Disallowed Merely Because Suppliers Failed to File ITR: ITAT Rejects Disallowance [Read Order]
The Income Tax Appellate Tribunal, Mumbai Bench (ITAT), held that purchase expenditure cannot be disallowed solely on the ground that suppliers failed to file their Income Tax Returns (ITRs). The...
![Purchases Disallowed Merely Because Suppliers Failed to File ITR: ITAT Rejects Disallowance [Read Order]](https://images.taxscan.in/h-upload/2026/01/12/500x300_2118406-itat-mumbai-disallowance-purchase-disallowance-itat-on-purchase-disallowance-disallowance-under-income-tax-act-itat-rejects-disallowance-of-purchases-income-tax-appellate-tribunal-ruling-taxscan.webp "Purchases Disallowed Merely Because Suppliers Failed to File ITR: ITAT Rejects Disallowance [Read Order]")
Object Clause Allowing Overseas Fund Use Rectifiable: ITAT Remands Rotary Club's Registration for Fresh Review [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) remanded a Rotary Club Trust’s registration under Section 12AB and approval under Section 80G for fresh adjudication, holding that if there...
![Object Clause Allowing Overseas Fund Use Rectifiable: ITAT Remands Rotary Clubs Registration for Fresh Review [Read Order]](https://images.taxscan.in/h-upload/2026/01/10/500x300_2118191-object-clause-allowing-overseas-fund-use-rectifiable-itat.webp "Object Clause Allowing Overseas Fund Use Rectifiable: ITAT Remands Rotary Clubs Registration for Fresh Review [Read Order]")
Income Tax Reassessment Passed in Violation of Calcutta HC Stay: SC dismisses SLP refusing to Condone 730-day Delay [Read Judgement]
In a recent ruling, the Supreme Court rejected the Income Tax Department’s plea for condonation of a 730-day delay in filing a Special Leave Petition against a Calcutta High Court judgment that had...
![Income Tax Reassessment Passed in Violation of Calcutta HC Stay: SC dismisses SLP refusing to Condone 730-day Delay [Read Judgement]](https://images.taxscan.in/h-upload/2026/01/11/500x300_2118353-income-tax-reassessment-calcutta-hc-sc-slp-taxscan.webp "Income Tax Reassessment Passed in Violation of Calcutta HC Stay: SC dismisses SLP refusing to Condone 730-day Delay [Read Judgement]")
Home Loan used Entirely for Business: ITAT orders Fresh Adjudication on Interest Expense Disallowance after Additional Evidence [Read Order]
The Income Tax Appellate Tribunal (ITAT) Pune Bench has ordered the Commissioner of Income Tax (CITA) (Appeals)/National Faceless Appeal Centre (NFAC), Delhi to admit new evidence in the matter of ...
![Home Loan used Entirely for Business: ITAT orders Fresh Adjudication on Interest Expense Disallowance after Additional Evidence [Read Order]](https://images.taxscan.in/h-upload/2026/01/11/500x300_2118337-home-loan-business-itat-fresh-adjudication-interest-expense-disallowance-additional-evidence-taxscan.webp "Home Loan used Entirely for Business: ITAT orders Fresh Adjudication on Interest Expense Disallowance after Additional Evidence [Read Order]")
Manufacturing Entity Fails to Qualify 75% Trading Turnover Filter: ITAT Orders Deletion of Comparable [Read Order]
The Income Tax Appellate Tribunal (ITAT) Pune Bench has ordered the deletion of a comparable company on the reason that it fell in the ambit of an entity carrying out manufacturing business and had...
![Manufacturing Entity Fails to Qualify 75% Trading Turnover Filter: ITAT Orders Deletion of Comparable [Read Order]](https://images.taxscan.in/h-upload/2026/01/11/500x300_2118331-manufacturing-entity-trading-turnover-itat-orders-taxscan.webp "Manufacturing Entity Fails to Qualify 75% Trading Turnover Filter: ITAT Orders Deletion of Comparable [Read Order]")
Relief to Thermo Fisher in Transfer Pricing Dispute: ITAT Partly Allows Appeal on Royalty ALP, Benchmarking, Comparables, Aggregation and Working Capital Adjustments [Read Order]
The Mumbai Bench of the Income Tax AppellateTribunal (ITAT) has partly allowed the appeal filed by Thermo Fisher Scientific India Pvt. Ltd. in a transfer pricing dispute involving determination of...
![Relief to Thermo Fisher in Transfer Pricing Dispute: ITAT Partly Allows Appeal on Royalty ALP, Benchmarking, Comparables, Aggregation and Working Capital Adjustments [Read Order]](https://images.taxscan.in/h-upload/2026/01/11/500x300_2118312-thermo-fisher-transfer-pricing-itat-appeal-royalty-alp-benchmarking-comparables-aggregation-working-capital-adjustments-taxscan.webp "Relief to Thermo Fisher in Transfer Pricing Dispute: ITAT Partly Allows Appeal on Royalty ALP, Benchmarking, Comparables, Aggregation and Working Capital Adjustments [Read Order]")