![AO Failed to Record Proper Satisfaction to Invoke R. 8D: ITAT Restricts Disallowance to SIDBIs Calculation [Read Order]](https://images.taxscan.in/h-upload/2025/11/01/2101461-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]")
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...
![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/2025/11/01/2101457-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 Revenues Appeal [Read Order]](https://images.taxscan.in/h-upload/2025/11/01/2101437-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 Revenues appeal over Mechanical Search Assessment Approvals made under Income Tax Act [Read Order]](https://images.taxscan.in/h-upload/2025/11/01/2101428-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]](https://images.taxscan.in/h-upload/2025/11/01/2101391-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/2025/11/01/2101384-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]")
NPCI is Charitable Entity for Advancing General Public Utility: ITAT Rejects Income Tax Revision by CIT(E) [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT recently held that the National Payments Corporation of India (NPCI) qualifies as a charitable entity as it is engaged in the advancement...
![NPCI is Charitable Entity for Advancing General Public Utility: ITAT Rejects Income Tax Revision by CIT(E) [Read Order]](https://images.taxscan.in/h-upload/2025/10/31/2101306-npci-itat-mumbai-general-public-utility-income-tax-taxscan.webp "NPCI is Charitable Entity for Advancing General Public Utility: ITAT Rejects Income Tax Revision by CIT(E) [Read Order]")
Relief for Warner Bros: ITAT Rules Film Distribution Income Not ‘Royalty’ Under India-US DTAA [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) granted partial relief to Warner Bros Distributing Inc. in a case concerning the taxability of its film distribution income and interest...
![Relief for Warner Bros: ITAT Rules Film Distribution Income Not ‘Royalty’ Under India-US DTAA [Read Order]](https://images.taxscan.in/h-upload/2025/10/31/2101345-relief-for-warner-bros-warner-bros-itat-distribution-income-india-us-dtaa-taxscan-.webp "Relief for Warner Bros: ITAT Rules Film Distribution Income Not ‘Royalty’ Under India-US DTAA [Read Order]")
ITAT Upholds ₹5.48 Lakh Brokerage Addition, Finds Seized Records Reflected Mock Trading, Not Unexplained Income [Read Order]
The Jaipur Bench of Income Tax Appellate Tribunal ( ITAT ) upheld the Commissioner of Income Tax (Appeals)[CIT(A)]’s decision restricting the addition to ₹5.48 lakh as brokerage income, holding ...
![ITAT Upholds ₹5.48 Lakh Brokerage Addition, Finds Seized Records Reflected Mock Trading, Not Unexplained Income [Read Order]](https://images.taxscan.in/h-upload/2025/10/31/2101240-itat-brokerage-addition-seized-records-mock-trading-unexplained-income-taxscan.webp "ITAT Upholds ₹5.48 Lakh Brokerage Addition, Finds Seized Records Reflected Mock Trading, Not Unexplained Income [Read Order]")
Denial of 80G Approval for Non-Commencement of Activities and Expiry of Registration: ITAT Remits Matter to CIT(E) [Read Order]
The Jaipur Bench of Income Tax AppellateTribunal ( ITAT) remitted the matter to the Commissioner of Income Tax (Exemption) [CIT(E)] after finding that the rejection of approval under...
![Denial of 80G Approval for Non-Commencement of Activities and Expiry of Registration: ITAT Remits Matter to CIT(E) [Read Order]](https://images.taxscan.in/h-upload/2025/10/31/2101230-registration-itat-taxscan.webp "Denial of 80G Approval for Non-Commencement of Activities and Expiry of Registration: ITAT Remits Matter to CIT(E) [Read Order]")
CSR Expenditure Eligible for S. 80G Deduction if Supported by Donation Receipts and 80G Certificates: ITAT [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal ( ITAT ) has held that Corporate Social Responsibility (CSR) expenditure is eligible for deduction under Section 80G of the Income Tax Act,...
![CSR Expenditure Eligible for S. 80G Deduction if Supported by Donation Receipts and 80G Certificates: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/10/31/2101204-csr-expenditure-deduction-donation-receipts-itat-taxscan.webp "CSR Expenditure Eligible for S. 80G Deduction if Supported by Donation Receipts and 80G Certificates: ITAT [Read Order]")
Purchases Attributed to Other Entities: ITAT Deletes ₹2.27 Crore Addition Citing AO's Acceptance of Facts in Remand Report [Read Order]
The Chennai Bench of the Income Tax Appellate Tribunal (ITAT) deleted an addition of ₹2,27,76,680 towards alleged unaccounted purchases made under Section 69C of the Income Tax Act, 1961 and...
![Purchases Attributed to Other Entities: ITAT Deletes ₹2.27 Crore Addition Citing AOs Acceptance of Facts in Remand Report [Read Order]](https://images.taxscan.in/h-upload/2025/10/31/2101152-remand-report-taxscan.webp "Purchases Attributed to Other Entities: ITAT Deletes ₹2.27 Crore Addition Citing AOs Acceptance of Facts in Remand Report [Read Order]")