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No Reassessment under Income Tax Act on Identical Issue: Delhi HC Quashes Order Against Logix Heights [Read Order]

In the case of Logix Heights Private Limited, the Delhi High Court has set aside an income tax reassessment notice and order, holding that ...

Delhi HC Reaffirms 10-Year Limit u/s 153C, Quashes Income Tax Notices [Read Order]

No Discrepancy Found in Quantitative Stock Quantity for Valuation: ITAT Deletes Addition, Upholds...

Cash commission Addition Based on Digital Data without Corroborative Evidence is Unsustainable: ITAT...

Income Cannot be Taxed on Current Year When Sales Relates to Other AYs: ITAT Deletes Addition on...

Deduction u/s 57 for Bank Charges allowable as it Relates to Interest Income: ITAT Allows Claim [Read Order]

The Jaipur Bench of the Income Tax Appellate Tribunal (ITAT) ruled that bank charges can be allowed as deductions under Section 57 and directed the deletion of a disallowance of ₹34,647 which was ...

Taxpayer Acted as Middleman and Not Beneficiary for Forfeited Advance of Property: ITAT Deletes Addition u/s 56(2)(ix) [Read Order]

The Jaipur Bench of the Income Tax Appellate Tribunal (ITAT) has deleted an addition of ₹75,00,000 made under Section 56(2)(ix) of the Income Tax Act, 1961, affirming that the assessee was acting ...

Wrongful Assessment on Non-Existent Entity Invalid: ITAT Drops Section 69A Additions [Read Order]

The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) deleted additions made on account of cash deposits treated as unexplained under Section 69A of the Income Tax Act, 1961, holding that...

ESOP Cost Rightly Allowed as Business Expenditure: ITAT Sets Aside PCIT Order against Nuvama Wealth after Finding Proper AO Inquiry [Read Order]

The Mumbai Bench of Income Tax Appellate Tribunal ( ITAT ) has set aside the revisional order passed by the Principal Commissioner of Income Tax (PCIT) under section 263 of the Income Tax Act,1961,...

FinMin Notifies 1% and 3% Tolerance Range for Transfer Pricing Adjustments u/s 92C(2) of Income Tax [Read Notification]

The Ministry of Finance (Department of Revenue) has issued Notification No. 157/2025 [S.O. 5053(E)] dated November 6, 2025, announcing new limits for transfer pricing differences under Section ...

Income Tax Refund Delay in 2025? Know the Real Reasons Here

If you filed your return on time this year and your refund still has not arrived by November 2025, you are not alone. Many taxpayers are seeing “Processed” on the portal while the money is missing...

Capital Market Transactions through Banking Channels Accepted as Genuine: ITAT Deletes Additions on Share Transactions under Income Tax Act

The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that capital market transactions executed through registered intermediaries and verifiable banking channels cannot be...

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