![Ethiopian Airlines’ Income from Simulator Training to FSTC, Dubai Not Taxable in India, Rules ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/06/13/500x300_2043614-itat-itat-delhi-ethiopian-airlines-taxscan.webp "Ethiopian Airlines’ Income from Simulator Training to FSTC, Dubai Not Taxable in India, Rules ITAT [Read Order]")
Ethiopian Airlines’ Income from Simulator Training to FSTC, Dubai Not Taxable in India, Rules ITAT [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) ruled that the income earned by Ethiopian Airlines from providing simulator training...
![Application seeking Approval under section 80G(5)(i) Rejected on technical ground without providing Time for Rectification: ITAT allows Rectification [Read Order]](https://images.taxscan.in/h-upload/2025/06/13/250x150_2043566-itat-teachnical-taxscan.webp "Application seeking Approval under section 80G(5)(i) Rejected on technical ground without providing Time for Rectification: ITAT allows Rectification [Read Order]")
![ITAT Deletes Rs. 24 Lakh Capitation Fee Addition Due to Lack of Evidence Linking Payment to Assessee [Read Order]](https://images.taxscan.in/h-upload/2025/06/13/250x150_2043626-itat-deletes-rs-24-lakh-capitation-fee-taxscan.webp "ITAT Deletes Rs. 24 Lakh Capitation Fee Addition Due to Lack of Evidence Linking Payment to Assessee [Read Order]")
![Option Money to be treated as “Capital Receipt”: ITAT Directs AO to Recompute Capital Gains on Dabur’s Sale of 23% Stake in Aviva JV [Read Order]](https://images.taxscan.in/h-upload/2025/06/13/250x150_2043593-dabur.webp "Option Money to be treated as “Capital Receipt”: ITAT Directs AO to Recompute Capital Gains on Dabur’s Sale of 23% Stake in Aviva JV [Read Order]")
![Processing Intimation under section 143(1) of Income Tax Act without giving 30 days time to assesee is bad in law: ITAT Sets aside order against Samsung C & T Corporation [Read Order]](https://images.taxscan.in/h-upload/2025/06/13/250x150_2043585-processing-intimation-processing-intimation-under-section-1431-of-income-tax-act-taxscan.webp "Processing Intimation under section 143(1) of Income Tax Act without giving 30 days time to assesee is bad in law: ITAT Sets aside order against Samsung C & T Corporation [Read Order]")
Offshore Supply Contracts Are Not Taxable u/s 44BBB: ITAT Quashes Tax Demand Against Chinese Company for Income from Turnkey Power Project Supplies
The Delhi Bench of Income Tax Appellate Tribunal ( ITAT ) quashed tax demand against Chinese company for income from turnkey power project supplies, holding that offshore supply contracts are not ...
ITAT Favors Micromax in ₹16 Cr FD Interest and Section 14A Dispute; Quashes Revision Order [Read Order]
In a recent ruling, the Delhi Bench of the Income Tax Appellate Tribunal (ITAT) granted relief to Micromax Informatics Ltd. by quashing a revision order concerning Rs. 16 crore fixed deposit (FD)...
![ITAT Favors Micromax in ₹16 Cr FD Interest and Section 14A Dispute; Quashes Revision Order [Read Order]](https://images.taxscan.in/h-upload/2025/06/12/500x300_2043240-itat-revision-order-fd-interest-taxscan.webp "ITAT Favors Micromax in ₹16 Cr FD Interest and Section 14A Dispute; Quashes Revision Order [Read Order]")
Relief to Louis Vuitton: ITAT Holds Bright Line Test not valid Method for making TPA on Advertisement, Marketing & Promotion [Read Order]
In a significant relief for luxury retail giant Louis Vuitton India Retail Pvt. Ltd. (LV), the Delhi Bench of the Income Tax Appellate Tribunal (ITAT) ruled that the Bright Line Test (BLT) cannot...
![Relief to Louis Vuitton: ITAT Holds Bright Line Test not valid Method for making TPA on Advertisement, Marketing & Promotion [Read Order]](https://images.taxscan.in/h-upload/2025/06/12/500x300_2043237-louis-vuitton-site-img.webp "Relief to Louis Vuitton: ITAT Holds Bright Line Test not valid Method for making TPA on Advertisement, Marketing & Promotion [Read Order]")
Customer Contracts and Assembled Workforce are “Intangible Assets”: ITAT Allows Genpact’s Depreciation Claim on Acquisition of Debt Collection Firm Acquisition in 2010 [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) allowed Genpact Services LLC's claim for depreciation on customer contracts and assembled workforce, holding that these qualify as...
![Customer Contracts and Assembled Workforce are “Intangible Assets”: ITAT Allows Genpact’s Depreciation Claim on Acquisition of Debt Collection Firm Acquisition in 2010 [Read Order]](https://images.taxscan.in/h-upload/2025/06/12/500x300_2043224-itat-delhi-intangible-assets-taxscan.webp "Customer Contracts and Assembled Workforce are “Intangible Assets”: ITAT Allows Genpact’s Depreciation Claim on Acquisition of Debt Collection Firm Acquisition in 2010 [Read Order]")
S.80-IC Deduction Must Be Computed Solely on Eligible Unit’s Profit, ITAT Bars Set-Off of Non-Eligible Unit Losses [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) recently reaffirmed that deductions under section 80-IC of the Income Tax Act, 1961 must be computed solely on the profit of the...
![S.80-IC Deduction Must Be Computed Solely on Eligible Unit’s Profit, ITAT Bars Set-Off of Non-Eligible Unit Losses [Read Order]](https://images.taxscan.in/h-upload/2025/06/12/500x300_2043158-deduction-deduction-must-be-computed-solely-solely-on-eligible-units-profit.webp "S.80-IC Deduction Must Be Computed Solely on Eligible Unit’s Profit, ITAT Bars Set-Off of Non-Eligible Unit Losses [Read Order]")
Income Tax Deduction u/s 10AA Cannot Be Denied for Delay in Filing Form 56F: Madras HC Dismisses Revenue's Appeal [Read Order]
The Madras High Court has held that the income tax deduction under Section 10AA cannot be denied on the grounds of delay in the filing of Form 56F. The assessee, Astrotech Steels Private ...
![Income Tax Deduction u/s 10AA Cannot Be Denied for Delay in Filing Form 56F: Madras HC Dismisses Revenues Appeal [Read Order]](https://images.taxscan.in/h-upload/2025/06/12/500x300_2043113-madras-hc.webp "Income Tax Deduction u/s 10AA Cannot Be Denied for Delay in Filing Form 56F: Madras HC Dismisses Revenues Appeal [Read Order]")
ITAT reaffirms Principle of Consistency: Directs AO to Retain Long-Standing Expense Allocation Method for Sysmex India Pvt Ltd [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal (ITAT) in a recent ruling directed the AssessingOfficer (AO) to accept the sales-based allocation of common expenses for computing deduction under...
![ITAT reaffirms Principle of Consistency: Directs AO to Retain Long-Standing Expense Allocation Method for Sysmex India Pvt Ltd [Read Order]](https://images.taxscan.in/h-upload/2025/06/12/500x300_2043143-sysmex-india-pvt-ltd-site-img.webp "ITAT reaffirms Principle of Consistency: Directs AO to Retain Long-Standing Expense Allocation Method for Sysmex India Pvt Ltd [Read Order]")