![ITAT upholds Taxability of Capital Gains on Sale of Flipkart Shares by Ex-Flipkart COO, Denies DTAA Relief Under India-Singapore Tax Treaty [Read Order]](https://images.taxscan.in/h-upload/2026/02/04/500x300_2123739-itat-upholds-taxability-capital-gains-sale-flipkart-shares.webp "ITAT upholds Taxability of Capital Gains on Sale of Flipkart Shares by Ex-Flipkart COO, Denies DTAA Relief Under India-Singapore Tax Treaty [Read Order]")
ITAT upholds Taxability of Capital Gains on Sale of Flipkart Shares by Ex-Flipkart COO, Denies DTAA Relief Under India-Singapore Tax Treaty [Read Order]
The Bangalore Bench of the Income Tax Appellate Tribunal (ITAT) dealt with the issue of taxability of capital gains arising from the sale of shares of...
![Entire Income Tax Assessment Must Conclude within 30 Months where TPO Reference Exists: ITAT [Read Order]](https://images.taxscan.in/h-upload/2026/02/04/250x150_2123752-entire-income-tax-assessment-must-conclude-within-30-months-taxscan.webp "Entire Income Tax Assessment Must Conclude within 30 Months where TPO Reference Exists: ITAT [Read Order]")
![Residential Status of Ex-Flipkart COO: ITAT Upholds Assessment Treating Him as Resident of India Under Income Tax Act and India-Singapore DTAA [Read Order]](https://images.taxscan.in/h-upload/2026/02/04/250x150_2123743-residential-status-ex-flipkart-coo-itat-upholds-assessment-treating-him-resident-india-under-income-tax-act-india-singapore-dtaa-taxscan.webp "Residential Status of Ex-Flipkart COO: ITAT Upholds Assessment Treating Him as Resident of India Under Income Tax Act and India-Singapore DTAA [Read Order]")
![Taxpayer Claims Income Declared in ITR Wrong & Belonged to Another Year: ITAT Remands Matter for Verification [Read Order]](https://images.taxscan.in/h-upload/2026/02/04/250x150_2123711-taxpayer-claims-income-declared-itr-wrong-belonged-another-year-itat-remands-matter-verification-taxscan-.webp "Taxpayer Claims Income Declared in ITR Wrong & Belonged to Another Year: ITAT Remands Matter for Verification [Read Order]")
Additional TP Ground on AE as Tested Party Admissible before ITAT: Bombay HC favours Nivea India [Read Order]
The Bombay High Court has upheld the Income Tax Appellate Tribunal’s ( ITAT ) decision allowing Nivea India Private Ltd. to raise an additional transfer pricing ground at the appellate stage. ...
![Additional TP Ground on AE as Tested Party Admissible before ITAT: Bombay HC favours Nivea India [Read Order]](https://images.taxscan.in/h-upload/2026/02/04/500x300_2123702-additional-tp-ground-ae-tested-party-admissible-before-itat-bombay-hc-favours-nivea-india-taxscan.webp "Additional TP Ground on AE as Tested Party Admissible before ITAT: Bombay HC favours Nivea India [Read Order]")
₹1.38 Cr Income Tax Addition on Unaccounted Profit from Business Transaction: ITAT Directs Fresh Adjudication by CIT(A) [Read Order]
The Income Tax Appellate Tribunal (ITAT), New Delhi Bench, has restored a matter relating to an addition of ₹1,38,66,386 made on account of alleged unaccounted profits from business transactions,...
![₹1.38 Cr Income Tax Addition on Unaccounted Profit from Business Transaction: ITAT Directs Fresh Adjudication by CIT(A) [Read Order]](https://images.taxscan.in/h-upload/2026/02/03/500x300_2123601-itat-new-delhi-income-tax-addition-unaccounted-profit-business-transaction-fresh-adjudication-cita-taxscan.webp "₹1.38 Cr Income Tax Addition on Unaccounted Profit from Business Transaction: ITAT Directs Fresh Adjudication by CIT(A) [Read Order]")
Supreme Court Upholds Gujarat HC Order Quashing Income Tax Reassessment Against Adani Wilmar, Dismisses Revenue’s SLP
The Supreme Court of India has dismissed the appeal filed by the Income Tax Department against Adani Wilmar Limited, upholding the judgment of the Gujarat High Court which had quashed reassessment...
Standard Assets Eligible for Deduction u/s 36(1)(viia): ITAT Quashes Income Tax Proceedings against Bajaj Finance [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune Bench, upheld that standard assets are eligible for deduction under section 36(1)(viia) and quashed proceedings initiated against Bajaj Finance. ...
![Standard Assets Eligible for Deduction u/s 36(1)(viia): ITAT Quashes Income Tax Proceedings against Bajaj Finance [Read Order]](https://images.taxscan.in/h-upload/2026/02/03/500x300_2123555-standard-assets-eligible-deduction-us-36-1viia-itat-quashes-income-tax-proceedings-against-bajaj-finance-taxscan.webp "Standard Assets Eligible for Deduction u/s 36(1)(viia): ITAT Quashes Income Tax Proceedings against Bajaj Finance [Read Order]")
“Targeted Departmental Vendetta, Mala Fide Actions”: Supreme Court Sets Aside ITAT Accountant Member Selection, Orders Fresh SCSC for Ex-Army Officer [Read Order]
In a recent ruling, the Supreme Court of India set aside the selection for the post of Accountant Member of the Income Tax Appellate Tribunal (ITAT), holding that the case disclosed a “sordid tale...
![“Targeted Departmental Vendetta, Mala Fide Actions”: Supreme Court Sets Aside ITAT Accountant Member Selection, Orders Fresh SCSC for Ex-Army Officer [Read Order]](https://images.taxscan.in/h-upload/2026/02/01/500x300_2122841-targeted-departmental-vendetta-mala-fide-actions-supreme-court-sets-aside-itat-accountant-member-selection-orders-fresh-scsc-for-ex-army-officer-taxscan.webp "“Targeted Departmental Vendetta, Mala Fide Actions”: Supreme Court Sets Aside ITAT Accountant Member Selection, Orders Fresh SCSC for Ex-Army Officer [Read Order]")
![Income Tax Department Releases FAQs on Direct Tax Proposals in Budget 2026 [Read FAQs]](https://images.taxscan.in/h-upload/2026/02/02/500x300_2123352-union-budget-2026-budget-scan-2026-income-tax-department-faqs-direct-tax-proposals-budget-2026-faqs-direct-tax-faq-income-tax-faqs-taxscan.webp "Income Tax Department Releases FAQs on Direct Tax Proposals in Budget 2026 [Read FAQs]")
Budget 2026 Amends PAN Provision to Cover ‘Other Transactions’ Under New Income Tax Act [Read Finance Bill 2026]
The Union Budget for the financial year 2026-27 was presented by Finance Minister Nirmala Sitharaman in the Lok Sabha on Sunday, February 1, 2026.Though rather inconspicuous, a key amendment comes in...
![Budget 2026 Amends PAN Provision to Cover ‘Other Transactions’ Under New Income Tax Act [Read Finance Bill 2026]](https://images.taxscan.in/h-upload/2026/02/01/500x300_2123112-budget-2026-amends-pan-provision-cover-transactions-under-new-income-tax-act-taxscan.webp "Budget 2026 Amends PAN Provision to Cover ‘Other Transactions’ Under New Income Tax Act [Read Finance Bill 2026]")