![What You See isn’t What You Pay: ITAT Rules High Tag Prices in Jewellery is Sales Strategy, Not Tax Evasion, Deletes Addition [Read Order]](https://images.taxscan.in/h-upload/2025/12/15/500x300_2112322-itat-quashes-assessment-order-and-penalty-taxscan.webp "What You See isn’t What You Pay: ITAT Rules High Tag Prices in Jewellery is Sales Strategy, Not Tax Evasion, Deletes Addition [Read Order]")
What You See isn’t What You Pay: ITAT Rules High Tag Prices in Jewellery is Sales Strategy, Not Tax Evasion, Deletes Addition [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal ( ITAT ) has held that high/inflated “tag prices” displayed on jewellery items are part of a...
![Savings from Foreign Salary Not Taxable: ITAT deletes Income Tax Notice against Dubai NRI for ₹2 Cr Residential Property Investment [Read Order]](https://images.taxscan.in/h-upload/2025/12/15/250x150_2112306-foreign-salary-taxable-itat-deletes-income-tax-notice-dubai-nri-residential-property-investment-taxscan.webp "Savings from Foreign Salary Not Taxable: ITAT deletes Income Tax Notice against Dubai NRI for ₹2 Cr Residential Property Investment [Read Order]")
![Relief for Vodafone West Ltd: ITAT Allows Deduction u/s 80IA on SFIS Income, Cites Broader Language of S. 80IA(2A) [Read Order]](https://images.taxscan.in/h-upload/2025/12/13/250x150_2112002-relief-vodafone-west-ltd-itat-deduction-sfis-income-cites-language-taxscan.webp "Relief for Vodafone West Ltd: ITAT Allows Deduction u/s 80IA on SFIS Income, Cites Broader Language of S. 80IA(2A) [Read Order]")
![Relief for Vodafone West Ltd: ITAT Deletes Addition on Trade Discount, Rules Trade Discount to Prepaid Distributors is Not Commission [Read Order]](https://images.taxscan.in/h-upload/2025/12/13/250x150_2111998-relief-vodafone-west-ltd-itat-deletes-addition-trade-discount-rules-trade-discount-prepaid-distributors-not-commission-taxscan.webp "Relief for Vodafone West Ltd: ITAT Deletes Addition on Trade Discount, Rules Trade Discount to Prepaid Distributors is Not Commission [Read Order]")
![Vodafone West Ltd Gets Relief: ITAT Deletes Disallowance of Roaming Charges, Citing Binding Precedent on Non-Deduction of Tax [Read Order]](https://images.taxscan.in/h-upload/2025/12/13/250x150_2112001-itat-mumbai-vodafone-disallowance-roaming-charges-citing-binding-precedent-non-deduction-of-tax-taxscan.webp "Vodafone West Ltd Gets Relief: ITAT Deletes Disallowance of Roaming Charges, Citing Binding Precedent on Non-Deduction of Tax [Read Order]")
Omission in Sec.14A Disclosure Enables Reopening Beyond 4 Years: Madras HC Restores Proceedings Against City Union Bank [Read Order]
The Madras High Court has allowed the Income Tax Department’s writ appeal against City Union Bank, reversing a single judge’s order that had quashed reassessment proceedings for AY 2011-12.The...
![Omission in Sec.14A Disclosure Enables Reopening Beyond 4 Years: Madras HC Restores Proceedings Against City Union Bank [Read Order]](https://images.taxscan.in/h-upload/2025/12/12/500x300_2111741-omission-sec-14a-disclosure-enables-reopening-beyond-4-years-madras-hc-restores-proceedings-against-city-union-bank-taxscan.webp "Omission in Sec.14A Disclosure Enables Reopening Beyond 4 Years: Madras HC Restores Proceedings Against City Union Bank [Read Order]")
Relief for Vodafone West Ltd: ITAT Deletes Disallowance of Depreciation on Passive Infrastructure Transfer, Rules it to be a Valid Gift [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) set aside the disallowance of depreciation amounting to ₹31.60 crores on Passive Infrastructure ("PI") assets and ruled that the ...
![Relief for Vodafone West Ltd: ITAT Deletes Disallowance of Depreciation on Passive Infrastructure Transfer, Rules it to be a Valid Gift [Read Order]](https://images.taxscan.in/h-upload/2025/12/13/500x300_2111976-81b8360e-5f3e-4c6e-be34-f39d728a5b0a.webp "Relief for Vodafone West Ltd: ITAT Deletes Disallowance of Depreciation on Passive Infrastructure Transfer, Rules it to be a Valid Gift [Read Order]")
Change of Opinion Bars Reopening: Calcutta HC sets aside Income Tax Notice against Coal Manufacturer on alleged Cash Return [Read Order]
The Calcutta High Court has set aside an income‑tax reassessment notice issued to the petitioner, holding that reopening based on identical allegations already scrutinised amounted to impermissible ...
![Change of Opinion Bars Reopening: Calcutta HC sets aside Income Tax Notice against Coal Manufacturer on alleged Cash Return [Read Order]](https://images.taxscan.in/h-upload/2025/12/13/500x300_2111900-calcutta-hc-income-tax-notice-taxscan.jfif "Change of Opinion Bars Reopening: Calcutta HC sets aside Income Tax Notice against Coal Manufacturer on alleged Cash Return [Read Order]")
Provision for Future Expenses Allowable under Matching Principle: ITAT Quashes Reassessment due to Lack of New Material [Read Order]
The Jaipur Bench of the Income Tax Appellate Tribunal ( ITAT ) quashed the reassessment initiated under Section 147/148 and deleted the disallowance of provision for future expenses, holding that...
![Provision for Future Expenses Allowable under Matching Principle: ITAT Quashes Reassessment due to Lack of New Material [Read Order]](https://images.taxscan.in/h-upload/2025/12/09/500x300_2111077-provision-future-expenses-matching-principle-itat-quashes-reassessment-lack-new-material-taxscan.webp "Provision for Future Expenses Allowable under Matching Principle: ITAT Quashes Reassessment due to Lack of New Material [Read Order]")
Relief to Aditya Birla Sun Life Insurance: ITAT Quashes Reassessment Notice u/s 148 Issued Beyond Statutory Time Limit Under New Regime [Read Order]
In a recent ruling in the case of Aditya Birla Sun Life Insurance Co. Ltd., the Mumbai Bench of the Income Tax Appellate Tribunal has held that reassessment proceedings initiated beyond the...
![Relief to Aditya Birla Sun Life Insurance: ITAT Quashes Reassessment Notice u/s 148 Issued Beyond Statutory Time Limit Under New Regime [Read Order]](https://images.taxscan.in/h-upload/2025/12/12/500x300_2111731-aditya-birla-sun-life-insurance-taxscan.webp "Relief to Aditya Birla Sun Life Insurance: ITAT Quashes Reassessment Notice u/s 148 Issued Beyond Statutory Time Limit Under New Regime [Read Order]")
Legal Heir Fails to Inform AO of Assessee’s Death: ITAT Remands Case to CIT(A) after Income Tax Dept Raises No Objection [Read Order]
The Ahmedabad bench of Income Tax Appellate Tribunal (ITAT) has remanded a reassessment of deceased person to the Commissioner of Income Tax (Appeals) [CIT(A)] observing that the assessee had died...
![Legal Heir Fails to Inform AO of Assessee’s Death: ITAT Remands Case to CIT(A) after Income Tax Dept Raises No Objection [Read Order]](https://images.taxscan.in/h-upload/2025/12/04/500x300_2110120-legal-heir-fails-ao-assesseee-death-itat-cit-income-tax-dept-taxscan.webp "Legal Heir Fails to Inform AO of Assessee’s Death: ITAT Remands Case to CIT(A) after Income Tax Dept Raises No Objection [Read Order]")