![Disallowance of Transport Expenses Due to Lack of Evidence: ITAT Directs AO to Estimate Income at 8% u/s 44AD [Read Order]](https://images.taxscan.in/h-upload/2025/11/03/500x300_2101929-disallowance-transport-expenses-itat-ao-taxscan.webp "Disallowance of Transport Expenses Due to Lack of Evidence: ITAT Directs AO to Estimate Income at 8% u/s 44AD [Read Order]")
Disallowance of Transport Expenses Due to Lack of Evidence: ITAT Directs AO to Estimate Income at 8% u/s 44AD [Read Order]
The Chandigarh Bench of Income Tax AppellateTribunal ( ITAT ) directed the Assessing Officer (AO) to estimate income at 8% of total transport...
![CA Mistakenly Identified Sale Agreement As Sale Deed: ITAT Condones 498-Day Delay, Remands Capital Gains Matter [Read Order]](https://images.taxscan.in/h-upload/2025/11/03/250x150_2101893-ca-mistakenly-identified-sale-agreement-sale-deed-itat-condones-delay-remands-capital-gains-taxscan.webp "CA Mistakenly Identified Sale Agreement As Sale Deed: ITAT Condones 498-Day Delay, Remands Capital Gains Matter [Read Order]")
![Delhi HC sets aside Time-Barred Income Tax Order against Hyundai Rotem [Read Order]](https://images.taxscan.in/h-upload/2025/11/03/250x150_2101797-hyundai-rotem-taxscan.webp "Delhi HC sets aside Time-Barred Income Tax Order against Hyundai Rotem [Read Order]")
![Delhi HC sets aside Income Tax Order Denying Exemption to Charity Over 16-Day Audit Delay [Read Order]](https://images.taxscan.in/h-upload/2025/11/03/250x150_2101789-incometax-order-hc-taxscan.webp "Delhi HC sets aside Income Tax Order Denying Exemption to Charity Over 16-Day Audit Delay [Read Order]")
![Calcutta HC finds Penny-Stock Trading Loss as Bogus, sets aside ITAT disallowance Order [Read Order]](https://images.taxscan.in/h-upload/2025/11/03/500x300_2101779-disallowance-order-taxscan.webp "Calcutta HC finds Penny-Stock Trading Loss as Bogus, sets aside ITAT disallowance Order [Read Order]")
ITAT Deletes ₹444 Crore TP Adjustment on Netflix India, Rules Company is a Limited-Risk Distributor [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) deleted a transfer pricing adjustment of Rs. 444.93 crore made on Netflix Entertainment Services India LLP after holding that the company...
![ITAT Deletes ₹444 Crore TP Adjustment on Netflix India, Rules Company is a Limited-Risk Distributor [Read Order]](https://images.taxscan.in/h-upload/2025/11/03/500x300_2101772-itat-netflix-tp-taxscan.webp "ITAT Deletes ₹444 Crore TP Adjustment on Netflix India, Rules Company is a Limited-Risk Distributor [Read Order]")
Delhi HC Sets Aside ITAT Order for Lack of Reasoned Findings on Functional Comparability in Transfer Pricing Case [Read Order]
The Delhi High Court has set aside an order passed by the Income Tax Appellate Tribunal (ITAT) for failing to provide adequate reasons while deciding on the functional comparability of entities in ...
![Delhi HC Sets Aside ITAT Order for Lack of Reasoned Findings on Functional Comparability in Transfer Pricing Case [Read Order]](https://images.taxscan.in/h-upload/2025/11/01/500x300_2101588-delhi-hc-itat-order-reasoned-findings-functional-comparability-transfer-pricing-case-txn.webp "Delhi HC Sets Aside ITAT Order for Lack of Reasoned Findings on Functional Comparability in Transfer Pricing Case [Read Order]")
Absence of Recorded Satisfaction Invalidates Disallowance u/s 14A: ITAT rules in Favour of SICPA India [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal ( ITAT ) has ruled in favour of SICPA India Private Limited, holding that a disallowance under Section 14A of the Income Tax Act, 1961 cannot be...
![Absence of Recorded Satisfaction Invalidates Disallowance u/s 14A: ITAT rules in Favour of SICPA India [Read Order]](https://images.taxscan.in/h-upload/2025/11/02/500x300_2101657-absence-recorded-satisfaction-invalidates-disallowance-us-14a-itat-rules-favour-sicpa-india-txn.webp "Absence of Recorded Satisfaction Invalidates Disallowance u/s 14A: ITAT rules in Favour of SICPA India [Read Order]")
Police Canteen Transactions with Members Not Business Activity, No Audit Required u/s 44AB: ITAT [Read Order]
The Chennai Bench of the Income Tax Appellate Tribunal ( ITAT ) has held that the transactions of a police canteen with its members are governed by the principle of mutuality and do not constitute...
![Police Canteen Transactions with Members Not Business Activity, No Audit Required u/s 44AB: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/11/02/500x300_2101654-police-canteen-transactions-business-activity-audit-required-us-44ab-itat-txn.webp "Police Canteen Transactions with Members Not Business Activity, No Audit Required u/s 44AB: ITAT [Read Order]")