ITAT Weekly Round-up (12 October - 18 October)
This weekly round-up encapsulates the key stories related to the Income Tax Appellate Tribunal (ITAT) reported at Taxscan during the previous...
![Relief for Dalmia Bharat: ITAT Rules Payment for Technical Knowhow on Manufacturing Refractories is Revenue Expenditure, Not Capital [Read Order]](https://images.taxscan.in/h-upload/2025/10/19/250x150_2097957-dalmia-bharat-itat-rules-payment-technical-knowhow-manufacturing-refractories-revenue-expenditure-capital-taxscan.webp "Relief for Dalmia Bharat: ITAT Rules Payment for Technical Knowhow on Manufacturing Refractories is Revenue Expenditure, Not Capital [Read Order]")
![Failure to verify New vs. Renewed Deposits on unsecured loans: ITAT Remits ₹2.62 Cr Issue for Fresh verification [Read Order]](https://images.taxscan.in/h-upload/2025/10/19/250x150_2097944-failure-to-verify-new-vs-renewed-deposits-unsecured-loans-itat-remits-fresh-verification-taxscan.webp "Failure to verify New vs. Renewed Deposits on unsecured loans: ITAT Remits ₹2.62 Cr Issue for Fresh verification [Read Order]")
![Relief for Dalmia Bharat: ITAT Rules Cancellation of Forward Contract for Machinery is capital receipt [Read Order]](https://images.taxscan.in/h-upload/2025/10/19/250x150_2097942-dalmia-bhara-itat-rules-cancellation-forward-contract-machinery-capital-receipt-taxscan.webp "Relief for Dalmia Bharat: ITAT Rules Cancellation of Forward Contract for Machinery is capital receipt [Read Order]")
![ITAT upholds ₹7.66 Cr Business Loss from NSEL Suspension as Bad Debt u/s 36(1)(vii) [Read Order]](https://images.taxscan.in/h-upload/2025/10/19/250x150_2097938-itat-business-loss-nsel-us-361vii-taxscan.webp "ITAT upholds ₹7.66 Cr Business Loss from NSEL Suspension as Bad Debt u/s 36(1)(vii) [Read Order]")
Share Premium from Earlier Year Not Taxable: ITAT Deletes ₹6.40 Lakh Addition u/s 68 [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal (ITAT) deleted the ₹6.40 Lakh addition, holding that the share premium from an earlier year was not taxable in the assessment year under dispute. ...
![Share Premium from Earlier Year Not Taxable: ITAT Deletes ₹6.40 Lakh Addition u/s 68 [Read Order]](https://images.taxscan.in/h-upload/2025/10/18/500x300_2097801-share-premium-itat-taxscan.webp "Share Premium from Earlier Year Not Taxable: ITAT Deletes ₹6.40 Lakh Addition u/s 68 [Read Order]")
Donation Deduction Issue Rendered Academic: ITAT declines to Examine Claim u/s 35(1)(ii) After Invalidating Reopening [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) held that there was no need for adjudication on the issue of deduction claimed for donations made to an approved scientific research...
![Donation Deduction Issue Rendered Academic: ITAT declines to Examine Claim u/s 35(1)(ii) After Invalidating Reopening [Read Order]](https://images.taxscan.in/h-upload/2025/10/18/500x300_2097798-donation-deduction-itat-taxscan.webp "Donation Deduction Issue Rendered Academic: ITAT declines to Examine Claim u/s 35(1)(ii) After Invalidating Reopening [Read Order]")
Software Exports to Foreign Subsidiaries Genuine on Documentary Evidence: ITAT Upholds Exemption u/s 10A and 10AA [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal (ITAT) upheld the exemption u/s 10A and 10AA made by the CIT(A) based on the ground that the documentary evidence showed that the software exports...
![Software Exports to Foreign Subsidiaries Genuine on Documentary Evidence: ITAT Upholds Exemption u/s 10A and 10AA [Read Order]](https://images.taxscan.in/h-upload/2025/10/18/500x300_2097781-software-exports-foreign-subsidiaries-genuine-documentary-evidence-itat-upholds-exemption-taxscan.webp "Software Exports to Foreign Subsidiaries Genuine on Documentary Evidence: ITAT Upholds Exemption u/s 10A and 10AA [Read Order]")
Shareholder Loan Treated as Deemed Dividend u/s 2(22)(e): ITAT Restricts Addition to Company’s Accumulated Profits [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal (ITAT) restricted the addition of ₹88.26 lakh to companies' accumulated profits on the ground that loan of the shareholder was treated as a deemed...
![Shareholder Loan Treated as Deemed Dividend u/s 2(22)(e): ITAT Restricts Addition to Company’s Accumulated Profits [Read Order]](https://images.taxscan.in/h-upload/2025/10/18/500x300_2097762-shareholder-loan-deemed-dividend-itat-taxscan.webp "Shareholder Loan Treated as Deemed Dividend u/s 2(22)(e): ITAT Restricts Addition to Company’s Accumulated Profits [Read Order]")
Depreciation on Goodwill from HC Approved Amalgamation not a Representation of Land Value: ITAT upholds deletion of Disallowance [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal (ITAT) upheld the depreciation on Goodwill from the High Court-approved amalgamation and dismissed the AO’s Claim that it represented land value.The...
![Depreciation on Goodwill from HC Approved Amalgamation not a Representation of Land Value: ITAT upholds deletion of Disallowance [Read Order]](https://images.taxscan.in/h-upload/2025/10/18/500x300_2097743-amalgamation-taxscan.webp "Depreciation on Goodwill from HC Approved Amalgamation not a Representation of Land Value: ITAT upholds deletion of Disallowance [Read Order]")
Educational Trust’s Objects Genuine and Charitable Based on Documentary Evidence: ITAT quashes S. 12AB & S. 80G Registration Denial [Read Order]
The Pune bench of Income Tax Appellate Tribunal (ITAT) quashed the denial of registration under section 12AB and 80G by CIT(E) on the ground that the object of the educational trusts was genuine...
![Educational Trust’s Objects Genuine and Charitable Based on Documentary Evidence: ITAT quashes S. 12AB & S. 80G Registration Denial [Read Order]](https://images.taxscan.in/h-upload/2025/10/18/500x300_2097740-section-registration-denial-taxscan.webp "Educational Trust’s Objects Genuine and Charitable Based on Documentary Evidence: ITAT quashes S. 12AB & S. 80G Registration Denial [Read Order]")
Income Tax Portal Update: Updated Return Filing Excel Utilities for ITR-1 to ITR-7 now Live in Line with Budget 2025
The Income Tax Department has rolled out Excel utilities that let taxpayers file updated returns (ITR-U) across ITR-1 through ITR-7, bringing the e-filing system into compliance with changes...
