![No S.153C Income Tax Assessment if Documents only ‘Pertain to’ and do Not ‘Belong to’ Assessee: ITAT Deletes ₹85L Addition [Read Order]](https://images.taxscan.in/h-upload/2025/06/20/2050786-itat-itat-delhi-income-tax-assessment-taxscan.webp "No S.153C Income Tax Assessment if Documents only ‘Pertain to’ and do Not ‘Belong to’ Assessee: ITAT Deletes ₹85L Addition [Read Order]")
No S.153C Income Tax Assessment if Documents only ‘Pertain to’ and do Not ‘Belong to’ Assessee: ITAT Deletes ₹85L Addition [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has quashed an aggregate tax addition of ₹85.88 lakh, observing that the proceedings...
![Relief to SpiceJet: ITAT Dismisses Income Tax Department Appeals on Supplementary Rent Disallowance [Read Order]](https://images.taxscan.in/h-upload/2025/06/19/2050678-income-tax-spicejet-itat-taxscan.webp "Relief to SpiceJet: ITAT Dismisses Income Tax Department Appeals on Supplementary Rent Disallowance [Read Order]")
![Income Tax Deduction u/s 80HHC Had to Be Given Without Reducing S. 80IB Deduction: Madras HC Follows SC Ruling [Read Order]](https://images.taxscan.in/h-upload/2025/06/19/2050629-income-tax-deduction-income-tax-deduction-madras-hc-taxscan.webp "Income Tax Deduction u/s 80HHC Had to Be Given Without Reducing S. 80IB Deduction: Madras HC Follows SC Ruling [Read Order]")
![Deferred Sales Tax Waiver is Taxable as Business Income Under Section 28(iv) of Income Tax Act: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/06/19/2050475-business-income-itat-taxscan.webp "Deferred Sales Tax Waiver is Taxable as Business Income Under Section 28(iv) of Income Tax Act: ITAT [Read Order]")
![AO Neither Rejects Nor Accepts Rectification Application on TDS credit: ITAT Remands Rs. 35k TDS Credit of Trust for Reassessment [Read Order]](https://images.taxscan.in/h-upload/2025/06/18/2050054-reassessment-tds-credit-ao-taxscan.webp "AO Neither Rejects Nor Accepts Rectification Application on TDS credit: ITAT Remands Rs. 35k TDS Credit of Trust for Reassessment [Read Order]")
Capital Gains Exemption u/s 54F Allowable for Purchase of Residential Property Using Sale Proceeds of Land, as Construction Agreement Was Signed Prior to Sale: ITAT [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal ( ITAT ) has held that capital gains exemption under Section 54F of the Income-tax Act, 1961 is allowable when the assessee invests sale proceeds...
![Capital Gains Exemption u/s 54F Allowable for Purchase of Residential Property Using Sale Proceeds of Land, as Construction Agreement Was Signed Prior to Sale: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/06/19/2050452-exemption-site-img.webp "Capital Gains Exemption u/s 54F Allowable for Purchase of Residential Property Using Sale Proceeds of Land, as Construction Agreement Was Signed Prior to Sale: ITAT [Read Order]")
ITAT Allows KBS Creations’ Appeal, Rules No Transfer Pricing Adjustment Without Proved ‘Arrangement’ Under Section 80IA(10) [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has set aside a transfer pricing (TP) adjustment of Rs. 10.98 crore and ruled that the Assessing Officer (AO) failed to establish an...
![ITAT Allows KBS Creations’ Appeal, Rules No Transfer Pricing Adjustment Without Proved ‘Arrangement’ Under Section 80IA(10) [Read Order]](https://images.taxscan.in/h-upload/2025/06/19/2050488-transfer-pricing-.webp "ITAT Allows KBS Creations’ Appeal, Rules No Transfer Pricing Adjustment Without Proved ‘Arrangement’ Under Section 80IA(10) [Read Order]")
Subsidy Received by BOI from RBI Cannot be Treated as 'Interest' Chargeable u/s 4 of Income Tax Act: Bombay HC [Read Order]
The Bombay High Court held that the amount of subsidy received by the Bank of India (BOI) from RBI cannot be treated as 'interest' chargeable under Section 4 of the Income Tax Act, 1961. The...
![Subsidy Received by BOI from RBI Cannot be Treated as Interest Chargeable u/s 4 of Income Tax Act: Bombay HC [Read Order]](https://images.taxscan.in/h-upload/2025/06/19/2050461-boi-rbi-taxscan.webp "Subsidy Received by BOI from RBI Cannot be Treated as Interest Chargeable u/s 4 of Income Tax Act: Bombay HC [Read Order]")
Income from Live Sports Licensing Not Taxable as Royalty Due to Lack of Copyright Protection: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) held that income earned from licensing live sports broadcasts is not taxable as royalty because live broadcasts do not enjoy copyright...
![Income from Live Sports Licensing Not Taxable as Royalty Due to Lack of Copyright Protection: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/06/19/2050466-live-sports-licensing-site-img.webp "Income from Live Sports Licensing Not Taxable as Royalty Due to Lack of Copyright Protection: ITAT [Read Order]")
ITAT Rules 10% Recorded, 90% Live Revenue Split Fair for Sports Broadcast Licensing Income [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) partly allowed an appeal concerning the apportionment of sports broadcast licensing income, where the Assessing Officer (AO) treated the...
![ITAT Rules 10% Recorded, 90% Live Revenue Split Fair for Sports Broadcast Licensing Income [Read Order]](https://images.taxscan.in/h-upload/2025/06/19/2050462-sports-broadcast.webp "ITAT Rules 10% Recorded, 90% Live Revenue Split Fair for Sports Broadcast Licensing Income [Read Order]")
![Dental Council of India exempted from Income Tax: CBDT [Read Notification]](https://images.taxscan.in/h-upload/2025/06/19/2050432-dental-council-of-india.webp "Dental Council of India exempted from Income Tax: CBDT [Read Notification]")