![AO fails to Conduct Independent Enquiry after Onus Shift: ITAT Upholds Deletion of ₹15 Cr Share Application Money u/s 68 [Read Order]](https://images.taxscan.in/h-upload/2026/01/21/500x300_2121129-itat-taxscan.jfif "AO fails to Conduct Independent Enquiry after Onus Shift: ITAT Upholds Deletion of ₹15 Cr Share Application Money u/s 68 [Read Order]")
AO fails to Conduct Independent Enquiry after Onus Shift: ITAT Upholds Deletion of ₹15 Cr Share Application Money u/s 68 [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi bench, has dismissed the appeal filed by the revenue against the order of the Commissioner of...
![Income Tax Recovery without Supplying a Copy of Assessment Order Lacks Authority of Law: Delhi HC [Read Order]](https://images.taxscan.in/h-upload/2026/01/21/250x150_2121198-income-tax-recovery-without-supplying-copy-assessment-order-lacks-authority-law-delhi-hc.webp "Income Tax Recovery without Supplying a Copy of Assessment Order Lacks Authority of Law: Delhi HC [Read Order]")
Income Tax order passed against Struck off Company despite being Informed: ITAT quashes Notice and Order [Read Order]
The income tax order passed against a struck off company was quashed by the Kolkata Bench of the Income Tax Appellate Tribunal ( ITAT ). It was ruled that proceedings against a struck off company is...
![Income Tax order passed against Struck off Company despite being Informed: ITAT quashes Notice and Order [Read Order]](https://images.taxscan.in/h-upload/2026/01/20/500x300_2120894-income-tax-order-passed-against-struck-company-despite-being-informed-itat-quashes-notice-order-taxscan.webp "Income Tax order passed against Struck off Company despite being Informed: ITAT quashes Notice and Order [Read Order]")
Invoices, E-Way Bills and Bank Payments Prove Purchases: ITAT deletes 100% Disallowance on alleged Bogus Purchase, Limits to 10% [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal ( ITAT ) has deleted 100% disallowance on alleged bogus purchases stating that the purchases were supported by tax invoices, e-way bills, GST...
![Invoices, E-Way Bills and Bank Payments Prove Purchases: ITAT deletes 100% Disallowance on alleged Bogus Purchase, Limits to 10% [Read Order]](https://images.taxscan.in/h-upload/2026/01/20/500x300_2120920-itat-delhi-invoices-e-way-bills-bank-payments-taxscan.webp "Invoices, E-Way Bills and Bank Payments Prove Purchases: ITAT deletes 100% Disallowance on alleged Bogus Purchase, Limits to 10% [Read Order]")
No Separate Rent provided by Co-tenants: ITAT Grants relief to Landlord based on Tenant’s Bank Records [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal ( ITAT ) has granted relief to a landlord after holding that the Assessing Officer (AO) wrongly assumed that separate rent was being paid by two...
![No Separate Rent provided by Co-tenants: ITAT Grants relief to Landlord based on Tenant’s Bank Records [Read Order]](https://images.taxscan.in/h-upload/2026/01/20/500x300_2120903-no-separate-rent-provided-by-co-tenants-taxscan.webp "No Separate Rent provided by Co-tenants: ITAT Grants relief to Landlord based on Tenant’s Bank Records [Read Order]")
Budget 2026: ‘No Sweeping Changes Expected’, Bertelsmann India CFO says awaiting Clearer Income Tax Rules
As the Union Budget 2026 approaches, Bertelsmann India Investments CFO Jayesh Bavle said he does not expect major changes in the taxation, and added that clearer rules will be key for the effective...
Rebate u/s 87A allowable to STCG and LTCG Taxed under New Regime, Not Applicable on VDA Transfers: ITAT [Read Order]
The Indore Bench of the Income Tax Appellate Tribunal ( ITAT ) has held that rebate under Section 87A is allowable against tax payable on Short-Term Capital Gains ( STCG ) under Section 111A and...
![Rebate u/s 87A allowable to STCG and LTCG Taxed under New Regime, Not Applicable on VDA Transfers: ITAT [Read Order]](https://images.taxscan.in/h-upload/2026/01/20/500x300_2120862-stcg-and-ltcg-itat-taxscan.jfif "Rebate u/s 87A allowable to STCG and LTCG Taxed under New Regime, Not Applicable on VDA Transfers: ITAT [Read Order]")
AO's Erroneous Assumption of Land Cost as Part of Construction Cost: ITAT Remands LTCG Matter for fresh consideration [Read Order]
In a recent ruling, the Income Tax Appellate Tribunal (ITAT), Hyderabad Bench, remanded the matter back to the Assessing Officer (AO) after observing that the AO had disallowed the claim for the...
![AOs Erroneous Assumption of Land Cost as Part of Construction Cost: ITAT Remands LTCG Matter for fresh consideration [Read Order]](https://images.taxscan.in/h-upload/2026/01/19/500x300_2120791-aos-erroneous-assumption-of-land-cost-as-part-of-construction-cost-itat-remands-ltcg-matter-for-fresh-consideration-taxscan.webp "AOs Erroneous Assumption of Land Cost as Part of Construction Cost: ITAT Remands LTCG Matter for fresh consideration [Read Order]")