![ALP recomputed by TPO is Invalid as Assesee Followed Prescribed method (TNMM) u/s 92C of Income Tax Act : ITAT allows appeal of Schaeffler India Ltd [Read Order]](https://images.taxscan.in/h-upload/2025/07/01/2057568-no-assessment-income-tax-act-relevant-assessment-year-itat-taxscan.webp "ALP recomputed by TPO is Invalid as Assesee Followed Prescribed method (TNMM) u/s 92C of Income Tax Act : ITAT allows appeal of Schaeffler India Ltd [Read Order]")
ALP recomputed by TPO is Invalid as Assesee Followed Prescribed method (TNMM) u/s 92C of Income Tax Act : ITAT allows appeal of Schaeffler India Ltd [Read Order]
In a recent case, the Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) allowed the appeal of Schaeffler India Ltd. on finding that ALP...
![ITAT Sets Aside Reassessment Notices Issued u/s 148 for Lack of Proper Sanction Post Finance Act, 2021 [Read Order]](https://images.taxscan.in/h-upload/2025/07/01/2057570-itat-itat-sets-aside-reassessment-notices-reassessment-notices-lack-of-proper-sanction-taxscan.webp "ITAT Sets Aside Reassessment Notices Issued u/s 148 for Lack of Proper Sanction Post Finance Act, 2021 [Read Order]")
![ITAT Acknowledges Assessee’s Non-Appearance Due to Medical Emergency: Restores 80G Approval Matter to CIT(E) [Read Order]](https://images.taxscan.in/h-upload/2025/07/01/2057546-itat-acknowledges-medical-emergency-restores-80g-matter-cite-taxscan.webp "ITAT Acknowledges Assessee’s Non-Appearance Due to Medical Emergency: Restores 80G Approval Matter to CIT(E) [Read Order]")
![ITAT Condones 66-day Delay in Filing Appeal due to COVID Lockdown and CAs Preoccupation [Read Order]](https://images.taxscan.in/h-upload/2025/07/01/2057555-condones-delay-covid.webp "ITAT Condones 66-day Delay in Filing Appeal due to COVID Lockdown and CAs Preoccupation [Read Order]")
Tax Professionals, Income Taxpayers under Confusion as Portal Turns on ITR-2 and ITR-3 for e-Filing Momentarily
Income-tax professionals and individual taxpayers were left scrambling this morning after the Income TaxDepartment’s e-Filing portal unexpectedly displayed options for ITR-2 and ITR-3 forms during a...
ITAT Faults CIT(E) for Dismissing Fresh Applications on Procedural Grounds, Directs applications Filed Within CBDT Deadline to be Considered on Merits [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) has set aside the orders of the Commissioner of Income Tax (Exemption) [CIT(E)] for rejecting fresh applications filed by the...
![ITAT Faults CIT(E) for Dismissing Fresh Applications on Procedural Grounds, Directs applications Filed Within CBDT Deadline to be Considered on Merits [Read Order]](https://images.taxscan.in/h-upload/2025/07/01/2057476-itat-application-taxscan.webp "ITAT Faults CIT(E) for Dismissing Fresh Applications on Procedural Grounds, Directs applications Filed Within CBDT Deadline to be Considered on Merits [Read Order]")
ITAT Holds Share Transfer as Genuine Despite ROC Discrepancies, Accepts Oral Family Arrangement and Book Entry as Valid Evidence [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) held the share transfer to be genuine despite discrepancies in the records of the Registrar of Companies (ROC), accepting the Coming...
![ITAT Holds Share Transfer as Genuine Despite ROC Discrepancies, Accepts Oral Family Arrangement and Book Entry as Valid Evidence [Read Order]](https://images.taxscan.in/h-upload/2025/07/01/2057492-share-transfer.webp "ITAT Holds Share Transfer as Genuine Despite ROC Discrepancies, Accepts Oral Family Arrangement and Book Entry as Valid Evidence [Read Order]")
Accounts Dept fails to Communicate CIT(E) Notices to Top Management: ITAT ITAT grants one more Opportunity to Submit Documents [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal ( ITAT ) has set aside an order denying registration under Section 12A and remanded the matter back to the CIT(Exemptions) for fresh...
![Accounts Dept fails to Communicate CIT(E) Notices to Top Management: ITAT ITAT grants one more Opportunity to Submit Documents [Read Order]](https://images.taxscan.in/h-upload/2025/07/01/2057448-cite-notices.webp "Accounts Dept fails to Communicate CIT(E) Notices to Top Management: ITAT ITAT grants one more Opportunity to Submit Documents [Read Order]")
![ITAT Denies 80G Exemption as Educational Trust Fails to Justify Donations to Other Trusts [Read Order]](https://images.taxscan.in/h-upload/2025/07/01/2057441-tx.webp "ITAT Denies 80G Exemption as Educational Trust Fails to Justify Donations to Other Trusts [Read Order]")