![Delhi HC Upholds ITAT Order Allowing Deduction of Goodwill License Fee u/s 37 [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Delhi-High-Court-ITAT-ITAT-Order-Goodwill-License-Taxscan.jpg "Delhi HC Upholds ITAT Order Allowing Deduction of Goodwill License Fee u/s 37 [Read Order]")
Delhi HC Upholds ITAT Order Allowing Deduction of Goodwill License Fee u/s 37 [Read Order]
The Delhi High Court has upheld an order by the Income Tax Appellate Tribunal (ITAT) allowing the deduction of a license fee paid for the use of...
![New Regulations for Infrastructure Debt Funds: Income Tax (Third Amendment) Rules, 2025 [Read Notification]](https://www.taxscan.in/wp-content/uploads/2025/02/New-Regulations-Infrastructure-Debt-Funds-Income-Tax-Rules-Taxscan.jpg "New Regulations for Infrastructure Debt Funds: Income Tax (Third Amendment) Rules, 2025 [Read Notification]")
![Filing ITR after Due Date still Constitutes Offence u/s 276CC, Even before Prosecution: Supreme Court [Read Judgement]](https://www.taxscan.in/wp-content/uploads/2025/02/Supreme-Court-ITR-Filing-ITR-ITR-filing-after-due-date-Section-276CC-of-Income-Tax-Act-TAXSCAN.jpg "Filing ITR after Due Date still Constitutes Offence u/s 276CC, Even before Prosecution: Supreme Court [Read Judgement]")
![Income Tax Appeal Filed with Delay cannot be Disposed of Without considering Delay Petition: Kerala HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Income-Tax-Appeal.jpg "Income Tax Appeal Filed with Delay cannot be Disposed of Without considering Delay Petition: Kerala HC [Read Order]")
Disallowance of Rs. 3.15 Crore Expenses due to Insufficient Documentation: ITAT Upholds CIT(A) Decision [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal ( ITAT ) upheld the Commissioner of Income Tax(Appeals)[CIT(A)] decision, dismissing the disallowance of Rs. 3.15 crore expenses due to insufficient...
![Disallowance of Rs. 3.15 Crore Expenses due to Insufficient Documentation: ITAT Upholds CIT(A) Decision [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-ITAT-Delhi-Income-Tax-Appellate-Tribunal-Expense-Disallowance-TAXSCAN.jpg "Disallowance of Rs. 3.15 Crore Expenses due to Insufficient Documentation: ITAT Upholds CIT(A) Decision [Read Order]")
ITAT Upholds CIT(A)'s Deletion of Rs. 6.8 crore Addition for Bogus Purchase due to Submission of Valid Proof [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) upheld the Commissioner of Income Tax(Appeals)[CIT(A)]'s decision to delete the Rs. 6.8 crore addition for bogus purchases due to the...
![ITAT Upholds CIT(A)s Deletion of Rs. 6.8 crore Addition for Bogus Purchase due to Submission of Valid Proof [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/itat-itat-delhi-cita-Bogus-Purchase-Taxscan.jpg "ITAT Upholds CIT(A)s Deletion of Rs. 6.8 crore Addition for Bogus Purchase due to Submission of Valid Proof [Read Order]")
![ITAT Dismisses Revenues Appeal Due to Low Tax Effect Under CBDT Circular [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/low-tax.jpg "ITAT Dismisses Revenues Appeal Due to Low Tax Effect Under CBDT Circular [Read Order]")
AO Disallows Depreciation over Alleged Double Deduction: ITAT directs Taxpayer to Produce Documents [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) directed the assessee to produce supporting documents after the Assessing Officer (AO) disallowed depreciation over alleged double...
![AO Disallows Depreciation over Alleged Double Deduction: ITAT directs Taxpayer to Produce Documents [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/AO-Depreciation-Deduction-ITAT-Taxpayer-Produce-Documents-taxscan.jpg "AO Disallows Depreciation over Alleged Double Deduction: ITAT directs Taxpayer to Produce Documents [Read Order]")
Disallowance of ₹96.71 Lakh Foreign Exchange Loss on Import-Export Transactions Without Hedging: ITAT upholds CIT(A)’s Decision [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal(ITAT) upheld the Commissioner of Income Tax Appeals(CIT(A))'s decision on the disallowance of ₹96.71 Lakh foreign exchange loss incurred by the...
![Disallowance of ₹96.71 Lakh Foreign Exchange Loss on Import-Export Transactions Without Hedging: ITAT upholds CIT(A)’s Decision [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Disallowance-Foreign-Exchange-Loss-Foreign-Exchange-Import-Export-Transactions-ITAT-ITAT-Upholds-CITAs-Decision-CITA-taxscan.jpg "Disallowance of ₹96.71 Lakh Foreign Exchange Loss on Import-Export Transactions Without Hedging: ITAT upholds CIT(A)’s Decision [Read Order]")
AO Accepts Taxpayer's ITR Without Reflecting Prior Adjustments Made u/s 143(1): ITAT Deletes Deferred Tax Adjustment [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) deleted the deferred tax adjustment, stating that the Assessing officer (AO) accepted the assessee’s Income Tax Return without any...
![AO Accepts Taxpayers ITR Without Reflecting Prior Adjustments Made u/s 143(1): ITAT Deletes Deferred Tax Adjustment [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-Mumbai-Income-Tax-ITAT-Deletes-AO-Accepts-Income-Tax-Appellate-Tribunal-Assessing-office-taxscan.jpg "AO Accepts Taxpayers ITR Without Reflecting Prior Adjustments Made u/s 143(1): ITAT Deletes Deferred Tax Adjustment [Read Order]")