![AOs Independent Inquiry Cannot be Biased Towards SEBI Restrictions: ITAT Upholds Deletion of Addition in Income [Read Order]](https://images.taxscan.in/h-upload/2026/02/17/2126000-itatmumbaitaxscanjpg.webp "AOs Independent Inquiry Cannot be Biased Towards SEBI Restrictions: ITAT Upholds Deletion of Addition in Income [Read Order]")
AO's Independent Inquiry Cannot be Biased Towards SEBI Restrictions: ITAT Upholds Deletion of Addition in Income [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench, upheld the deletion of addition as had been done by the Commissioner of Income Tax (Appeals)...
![Do Income Tax Officials get Unlimited power to Digital Space using AI? Finance Ministry answers [Read Lok Sabha Document]](https://images.taxscan.in/h-upload/2026/02/17/2126031-do-income-tax-officials-get-unlimited-power-digital-space-using-ai-finance-ministry-answers-taxscan.webp "Do Income Tax Officials get Unlimited power to Digital Space using AI? Finance Ministry answers [Read Lok Sabha Document]")
![₹5.39 Lakh Excise Duty Demand on Handling Charges Set Aside as SCN Held Time-Barred: CESTAT Allows Appeal on Limitation [Read Order]](https://images.taxscan.in/h-upload/2026/02/17/2126013-excise-duty-demand-handling-charges-scn-held-time-barred-itat-appeal-limitation-taxscan.webp "₹5.39 Lakh Excise Duty Demand on Handling Charges Set Aside as SCN Held Time-Barred: CESTAT Allows Appeal on Limitation [Read Order]")
![Resident of India, Pensioner of UK Cannot be Denied Benefit of Foreign Tax Credit: ITAT [Read Order]](https://images.taxscan.in/h-upload/2026/02/16/2125754-resident-of-india-pensioner-of-uk-foreign-tax-credit-itat-taxscan.webp "Resident of India, Pensioner of UK Cannot be Denied Benefit of Foreign Tax Credit: ITAT [Read Order]")
![Seek Video Conferencing Button Not to be Treated with Severity: Calcutta HC Refers to Reply to SCN, Upholds Principles of Natural Justice [Read Order]](https://images.taxscan.in/h-upload/2026/02/16/2125730-site-image10-jpg.webp "Seek Video Conferencing Button Not to be Treated with Severity: Calcutta HC Refers to Reply to SCN, Upholds Principles of Natural Justice [Read Order]")
Fuel Expenses Cannot be Assumed or Calculated by Logic: ITAT Upholds Status Quo on Categorization of Income Head, Allows Appeal [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Indore Bench, upheld the order of the Commissioner of Income Tax (Appeals) [CIT(A)] regarding categorizing income head of rented JCBs whose fuel...
![Fuel Expenses Cannot be Assumed or Calculated by Logic: ITAT Upholds Status Quo on Categorization of Income Head, Allows Appeal [Read Order]](https://images.taxscan.in/h-upload/2026/02/16/2125748-fuel-expenses-itat-income-head-taxscan.webp "Fuel Expenses Cannot be Assumed or Calculated by Logic: ITAT Upholds Status Quo on Categorization of Income Head, Allows Appeal [Read Order]")
![ITAT Restores Matter Regarding Disallowance of PF/ESI, Calls for Remand Report by AO [Read Order]](https://images.taxscan.in/h-upload/2026/02/15/2125239-itat-restores-regarding-disallowance-pf-esi-calls-remand-report-by-ao-taxscan.webp "ITAT Restores Matter Regarding Disallowance of PF/ESI, Calls for Remand Report by AO [Read Order]")
Income Tax Dept Must Furnish Police Verification Report Relied on for Dismissal of its Employee: Calcutta HC [Read Order]
In a recent judgment, the Calcutta High Court directed the Income Tax Department to give him a copy of the Police Verification Report (PVR) that was relied upon while dismissing him from service. ...
![Income Tax Dept Must Furnish Police Verification Report Relied on for Dismissal of its Employee: Calcutta HC [Read Order]](https://images.taxscan.in/h-upload/2026/02/15/2125218-income-tax-dept-must-furnish-police-verification-report-relied-dismissal-employee-calcutta-hc-taxscan.webp "Income Tax Dept Must Furnish Police Verification Report Relied on for Dismissal of its Employee: Calcutta HC [Read Order]")
Power Charges Provision Based On Actual Bills Not A Contingent Liability: ITAT Rejects CPC Disallowance u/s 143(1) [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) considered the issue regarding the allowance of a provision created toward payment of bills in power charges supported by invoices in...
![Power Charges Provision Based On Actual Bills Not A Contingent Liability: ITAT Rejects CPC Disallowance u/s 143(1) [Read Order]](https://images.taxscan.in/h-upload/2026/02/14/2125134-power-charges-provision-based-actual-bills-contingent-liability-itat-rejects-cpc.webp "Power Charges Provision Based On Actual Bills Not A Contingent Liability: ITAT Rejects CPC Disallowance u/s 143(1) [Read Order]")
![LTCG From Share Sale cannot Be Treated as Unexplained Income u/s 68: ITAT [Read Order]](https://images.taxscan.in/h-upload/2026/02/14/2125131-ltcg-from-share-sale-treated-as-unexplained-income-us-68-itat-taxscan.webp "LTCG From Share Sale cannot Be Treated as Unexplained Income u/s 68: ITAT [Read Order]")
Gift From Mother out of FD Maturity Cannot Be Treated As Unexplained Investment: ITAT Deletes ₹1.75 Cr Addition u/s 69 [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal has held that the amount received as a gift from the mother from the maturity of fixed deposits cannot be regarded as unexplained investment...
![Gift From Mother out of FD Maturity Cannot Be Treated As Unexplained Investment: ITAT Deletes ₹1.75 Cr Addition u/s 69 [Read Order]](https://images.taxscan.in/h-upload/2026/02/14/2125121-gift-from-mother-fd-maturity-treated-as-unexplained-investment-itat-addition-us-69-taxscan.webp "Gift From Mother out of FD Maturity Cannot Be Treated As Unexplained Investment: ITAT Deletes ₹1.75 Cr Addition u/s 69 [Read Order]")
Capital Gains on Jointly Owned Property cannot be Taxed In Hands of One Co-Owner: ITAT [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that the capital gains arising from the sale of jointly owned property cannot be assessed in its entirety in the hands of one of...
![Capital Gains on Jointly Owned Property cannot be Taxed In Hands of One Co-Owner: ITAT [Read Order]](https://images.taxscan.in/h-upload/2026/02/14/2125118-capital-gains-jointly-property-cannot-taxed-hands-one-co-owner-itat-taxscan.webp "Capital Gains on Jointly Owned Property cannot be Taxed In Hands of One Co-Owner: ITAT [Read Order]")