![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]")
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...
![LTCG Addition for Sale of Immovable Property: ITAT Deletes addition Citing Taxpayer as Mere Power of Attorney Holder [Read Order]](https://images.taxscan.in/h-upload/2025/10/31/250x150_2101319-ltcg-ltcg-addition-sale-of-immovable-property-itat-mere-power-of-attorney-holder-taxscan.webp "LTCG Addition for Sale of Immovable Property: ITAT Deletes addition Citing Taxpayer as Mere Power of Attorney Holder [Read Order]")
![Cash Deposits during Demonetisation: Delhi HC strikes down Income Tax Order u/s 148(A)(d) for lack of prior notice to Assessee [Read Order]](https://images.taxscan.in/h-upload/2025/11/01/250x150_2101507-demonetization-site-image-2.webp "Cash Deposits during Demonetisation: Delhi HC strikes down Income Tax Order u/s 148(A)(d) for lack of prior notice to Assessee [Read Order]")
![Chartered Accountants body Seeks Uniform Relief for Taxpayers Filing Form 3CEB u/s 92E of Income Tax Act [Read Circular]](https://images.taxscan.in/h-upload/2025/11/01/250x150_2101537-chartered-accountants-seeks-taxpayers-filing-form-income-tax-act-taxscan.webp "Chartered Accountants body Seeks Uniform Relief for Taxpayers Filing Form 3CEB u/s 92E of Income Tax Act [Read Circular]")
Computation of Deduction u/s 36(1)(viia)(c) Independent of Deduction u/s 36(1)(viii): ITAT Rejects Double Deduction Argument for SIDBI [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) dismissed the Revenue's appeals, confirming that the deduction claimed under Section 36(1)(viia)(c) for provision for bad and doubtful...
![Computation of Deduction u/s 36(1)(viia)(c) Independent of Deduction u/s 36(1)(viii): ITAT Rejects Double Deduction Argument for SIDBI [Read Order]](https://images.taxscan.in/h-upload/2025/11/01/500x300_2101470-itat-mumbai-sidbi-itat-computation-of-deduction-taxscan.webp "Computation of Deduction u/s 36(1)(viia)(c) Independent of Deduction u/s 36(1)(viii): ITAT Rejects Double Deduction Argument for SIDBI [Read Order]")
AO Failed to Record Proper Satisfaction to Invoke R. 8D: ITAT Restricts Disallowance to SIDBI's Calculation [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) restricted the disallowance made under Section 14A of the Income Tax Act to the suo-motu disallowance already computed by the assessee ...
![AO Failed to Record Proper Satisfaction to Invoke R. 8D: ITAT Restricts Disallowance to SIDBIs Calculation [Read Order]](https://images.taxscan.in/h-upload/2025/11/01/500x300_2101461-proper-satisfaction-itat-disallowance-sidbis-sidbis-calculation-itat-restricts-disallowance-taxscan.webp "AO Failed to Record Proper Satisfaction to Invoke R. 8D: ITAT Restricts Disallowance to SIDBIs Calculation [Read Order]")
No Duplication of Claim with S. 36(1)(viia) Provision: ITAT Upholds Deletion of Bad Debts Addition for SIDBI [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has upheld the deletion of an addition made by the Assessing Officer (AO) regarding the disallowance of bad debts under Section36(1)(vii)...
![No Duplication of Claim with S. 36(1)(viia) Provision: ITAT Upholds Deletion of Bad Debts Addition for SIDBI [Read Order]](https://images.taxscan.in/h-upload/2025/11/01/500x300_2101457-itat-mumbai-sidbi-bad-debts-taxscan.webp "No Duplication of Claim with S. 36(1)(viia) Provision: ITAT Upholds Deletion of Bad Debts Addition for SIDBI [Read Order]")
Income Tax Notice issued u/s 148 Invalid Without Signature: Karnataka HC dismisses Revenue's Appeal [Read Order]
The Karnataka High Court has dismissed an appeal filed by the Revenue, upholding an Income Tax Appellate Tribunal (ITAT) order that quashed a reassessment proceeding. The Court rejected the...
![Income Tax Notice issued u/s 148 Invalid Without Signature: Karnataka HC dismisses Revenues Appeal [Read Order]](https://images.taxscan.in/h-upload/2025/11/01/500x300_2101437-income-tax-notice-karnataka-hc-revenues-appeal-invalid-without-signature-taxscan.webp "Income Tax Notice issued u/s 148 Invalid Without Signature: Karnataka HC dismisses Revenues Appeal [Read Order]")
Delhi HC dismisses Revenue's appeal over Mechanical Search Assessment Approvals made under Income Tax Act [Read Order]
The Delhi High Court has dismissed an appeal filed by the Revenue, upholding a decision that invalidated search-related assessments due to mechanically granted approvals. The bench relied on its own...
![Delhi HC dismisses Revenues appeal over Mechanical Search Assessment Approvals made under Income Tax Act [Read Order]](https://images.taxscan.in/h-upload/2025/11/01/500x300_2101428-delhi-high-court-income-tax-act-delhi-hc-dismisses-taxscan.webp "Delhi HC dismisses Revenues appeal over Mechanical Search Assessment Approvals made under Income Tax Act [Read Order]")
Delay in Filing Form 10B Cannot Justify Denial When Report Was Available Before CPC Order: ITAT [Read Order]
The Hyderabad Bench of the Income Tax Appellate Tribunal (ITAT) held that the denial of exemption under Section 11 and 12 of the Income Tax Act on the sole ground of delay in filing Form 10B was ...
![Delay in Filing Form 10B Cannot Justify Denial When Report Was Available Before CPC Order: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/11/01/500x300_2101391-delay-filing-form10b-taxscan.webp "Delay in Filing Form 10B Cannot Justify Denial When Report Was Available Before CPC Order: ITAT [Read Order]")
Carry Forward of STCL allowed Despite Treaty-Exempt Gains: ITAT Mumbai Rules in Favour of Goldman Sachs (Singapore) Pte [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has ruled in favour of Goldman Sachs (Singapore) Pte., allowing the carry forward of short-term capital losses (STCL) incurred in AY...
![Carry Forward of STCL allowed Despite Treaty-Exempt Gains: ITAT Mumbai Rules in Favour of Goldman Sachs (Singapore) Pte [Read Order]](https://images.taxscan.in/h-upload/2025/11/01/500x300_2101384-goldman-sachs-taxscan.webp "Carry Forward of STCL allowed Despite Treaty-Exempt Gains: ITAT Mumbai Rules in Favour of Goldman Sachs (Singapore) Pte [Read Order]")