Latest Income Tax News, Updates & Judgments

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ITAT grants Delta Air Lines Inc. exemption under Article 8 of India-USA DTAA for Code Sharing Transportation [Read Order]

The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) granted Delta Air Lines Inc. tax exemption on the income earned through Code Sharing...

Business Loss on Wind Turbine Generators Capital in Nature: ITAT Upholds Disallowance of ₹10.42...

Business Expenses Incurred Wholly for Proprietorship and Partnership Activities cannot be Denied on...

No Misreporting, No Penalty: ITAT Deletes ₹7.40 Crore Levy u/s 270A on Gujarat Energy Development...

Maintenance Charges Recognised Over Service Period, Not Fully in Year of Receipt: ITAT [Read Order]

Can You Claim Income Tax Benefits for Donations to Foreign Charities? Here’s What You Should Know

Many Indians today support global causes, whether it’s helping victims of war, natural disasters, or global health campaigns. With international NGOs like the German Red Cross or UNICEF accepting...

ITAT deletes ₹1.53 Crore Addition on Petrol Pump’s Demonetization Cash Deposits, citing Legal Acceptance of Old Notes [Read Order]

The Ahmedabad bench of Income Tax Appellate Tribunal (ITAT) has deleted an addition of ₹1.53 crore made under Section 69A in the case of a petrol pump owner for the Assessment Year 2017-18. The ...

71-Year-Old Senior Citizen Not Tech Savvy to Check E-mails and Income Tax Portal: ITAT grants Final Opportunity to Contest S. 69A Addition [Read Order]

The Bengaluru Bench of the Income Tax Appellate Tribunal (ITAT) granted a final opportunity to a 71-year-old senior citizen who was unable to check his e-mails and access the Income Tax portal due...

ITAT Dismisses Rotary Club’s 12A Registration and 80G Approval Appeals Ex Parte for Non-Appearance [Read Order]

The Income Tax Appellate Tribunal (ITAT), Ahmedabad, has dismissed appeals filed by a Rotary Club seeking registration under Section 12A(1)(ac)(iii) and approval under Section 80G(5)(iii) of the...

Tissue Culture Cannot Be Isolated from Nursery Activity: ITAT Treats Entire Nursery Receipts as Agricultural Income Exempt u/s 10(1) [Read Order]

The Income Tax Appellate Tribunal (ITAT), Bangalore, in a recent decision, has ruled that income from nursery operations involving tissue culture must be treated as agricultural income exempt under...

Once ITAT Order Attains Finality and Tax Paid, No Further Recovery Permissible: Madras HC Rules Authority Bound to Lift Attachment [Read Order]

The Madras High Court held that once the order of the Income Tax Appellate Tribunal (ITAT) attains finality and the tax demand is fully paid, the tax authorities cannot proceed with further...

No Income Tax Leviable on Gift from Brother in Law: ITAT [Read Order]

In a ruling in favour of the assessee, the Kolkata Bench of the Income Tax Appellate Tribunal (ITAT) set aside the Commissioner of Income Tax (Appeals)'s order, holding that the addition of Rs. 80...

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