![ITAT Decision to uphold Higher 22% LTCG u/s 115BAA on Domestic Company raises Eyebrows [Read Order]](https://images.taxscan.in/h-upload/2025/11/06/500x300_2102718-itat-ltcg-domestic-company-domestic-company-raises-eyebrows-taxscan.webp "ITAT Decision to uphold Higher 22% LTCG u/s 115BAA on Domestic Company raises Eyebrows [Read Order]")
ITAT Decision to uphold Higher 22% LTCG u/s 115BAA on Domestic Company raises Eyebrows [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has upheld the 22% tax rate on Long-Term Capital Gains (LTCG) for domestic companies...
![ITAT Holds Bona Fide Belief and Lack of Technical Knowledge Constitute Sufficient Cause, Condones 972-Day Delay by 71-Year-Old Assessee [Read Order]](https://images.taxscan.in/h-upload/2025/11/06/250x150_2102737-itat-bona-fide-belief-lack-of-technical-knowledge-constitute-sufficient-cause-condones-taxscan.webp "ITAT Holds Bona Fide Belief and Lack of Technical Knowledge Constitute Sufficient Cause, Condones 972-Day Delay by 71-Year-Old Assessee [Read Order]")
![Time-Barred and Vague Satisfaction Note: ITAT Quashes Assessments Beyond Six-Year Limit u/s 153C [Read Order]](https://images.taxscan.in/h-upload/2025/11/06/250x150_2102757-vague-satisfaction-note-itat-itat-quashes-itat-quashes-assessments-taxscan.webp "Time-Barred and Vague Satisfaction Note: ITAT Quashes Assessments Beyond Six-Year Limit u/s 153C [Read Order]")
![S. 68 Applies to Cash Credits in Books Even under Presumptive Tax: ITAT Deletes Ad Hoc Profit Addition [Read Order]](https://images.taxscan.in/h-upload/2025/11/06/250x150_2102778-cash-credits-in-books-presumptive-tax-itat-taxscan.webp "S. 68 Applies to Cash Credits in Books Even under Presumptive Tax: ITAT Deletes Ad Hoc Profit Addition [Read Order]")
![Delhi HC Sets aside Income Tax Reassessment Notice against Michael and Susan Dell Foundation [Read Order]](https://images.taxscan.in/h-upload/2025/11/06/250x150_2102743-delhi-hc-sets-income-tax-reassessment-notice-michael-susan-dell-foundation-taxscan.webp "Delhi HC Sets aside Income Tax Reassessment Notice against Michael and Susan Dell Foundation [Read Order]")
Leave Encashment Exemption u/s 10(10AA): ITAT Applies Retrospective ₹25 Lakh Limit Notified by CBDT [Read Order]
The Jaipur Bench of Income Tax Appellate Tribunal ( ITAT ) allowed an appeal filed by a retired State Bank of India employee, holding that the revised ₹25 lakh exemption limit for leave...
![Leave Encashment Exemption u/s 10(10AA): ITAT Applies Retrospective ₹25 Lakh Limit Notified by CBDT [Read Order]](https://images.taxscan.in/h-upload/2025/11/05/500x300_2102603-leave-encashment-exemption-itat-cbdt-taxscan.webp "Leave Encashment Exemption u/s 10(10AA): ITAT Applies Retrospective ₹25 Lakh Limit Notified by CBDT [Read Order]")
Incomplete Verification of Merger-Linked Research and Development Spending: ITAT Directs Fresh Examination of Eligibility [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) directed a fresh examination of the appellant's research and development (R&D) deductions claimed under Section 35(2AB) of the...
![Incomplete Verification of Merger-Linked Research and Development Spending: ITAT Directs Fresh Examination of Eligibility [Read Order]](https://images.taxscan.in/h-upload/2025/11/04/500x300_2102344-merger-linked-research-development-spending-itat-taxscan.webp "Incomplete Verification of Merger-Linked Research and Development Spending: ITAT Directs Fresh Examination of Eligibility [Read Order]")
![CBDT Grants Income Tax Exemption to Karnataka Housing Board [Read Notification]](https://images.taxscan.in/h-upload/2025/11/05/500x300_2102581-karnataka-housing-board.webp "CBDT Grants Income Tax Exemption to Karnataka Housing Board [Read Notification]")
PVR Ltd. Wins Tax Battle: ITAT Upholds Capital Receipt Status of Subsidies, deletes disallowances on Expenses & MAT Additions [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench, upheld the order of the Commissioner of Income-tax (Appeals) [CIT(A)], which had deleted several additions made by the Assessing Officer...
![PVR Ltd. Wins Tax Battle: ITAT Upholds Capital Receipt Status of Subsidies, deletes disallowances on Expenses & MAT Additions [Read Order]](https://images.taxscan.in/h-upload/2025/11/05/500x300_2102554-itat-delhi-pvr-ltd-pvr-ltd-wins-tax-battle-itat-upholds-taxscan.webp "PVR Ltd. Wins Tax Battle: ITAT Upholds Capital Receipt Status of Subsidies, deletes disallowances on Expenses & MAT Additions [Read Order]")
Absence of Proof on Interest-Free Funding for Exempt Investments: ITAT Remands Matter for Verification [Read Order]
The Ahmedabad bench of Income Tax Appellate Tribunal (ITAT) directed a fresh verification of the disallowance made under Section 14A read with Rule 8D, after finding that the assessee had not...
![Absence of Proof on Interest-Free Funding for Exempt Investments: ITAT Remands Matter for Verification [Read Order]](https://images.taxscan.in/h-upload/2025/11/05/500x300_2102495-verification-investment-taxscan.webp "Absence of Proof on Interest-Free Funding for Exempt Investments: ITAT Remands Matter for Verification [Read Order]")
Delhi HC Sets Aside ITAT Order, Holds "Fit Case" Statement Sufficient for Valid Approval u/s 151 of Income Tax Act [Read Order]
In a recent ruling, the Delhi High Court set aside an Income Tax Appellate Tribunal (ITAT) order, holding that a statement recording "it is a fit case" is sufficient for a valid approval under...
![Delhi HC Sets Aside ITAT Order, Holds Fit Case Statement Sufficient for Valid Approval u/s 151 of Income Tax Act [Read Order]](https://images.taxscan.in/h-upload/2025/11/05/500x300_2102463-delhi-hc-itat-itat-order-section-151-of-income-tax-act-income-tax-act-taxscan-.webp "Delhi HC Sets Aside ITAT Order, Holds Fit Case Statement Sufficient for Valid Approval u/s 151 of Income Tax Act [Read Order]")
