![Claimed Property Gift by Father-in-Law Mistakenly Registered as Sale: ITAT Remands Capital Gain Addition u/s 50C for Fresh Examination [Read Order]](https://images.taxscan.in/h-upload/2026/01/08/500x300_2117768-claimed-property-gift-by-father-in-law-mistakenly-registered-as-sale-itat-remands-capital-gain-addition-us-50c-for-fresh-examination-taxscan.webp "Claimed Property Gift by Father-in-Law Mistakenly Registered as Sale: ITAT Remands Capital Gain Addition u/s 50C for Fresh Examination [Read Order]")
Claimed Property Gift by Father-in-Law Mistakenly Registered as Sale: ITAT Remands Capital Gain Addition u/s 50C for Fresh Examination [Read Order]
The Bangalore Bench of the Income TaxAppellate Tribunal (ITAT) has remitted a dispute where a property meant to be a gift was mistakenly executed as...
![House Rent Allowance (HRA) under Income Tax Act, 1961 vs. 2025 [Old vs New Tax Act Series]](https://images.taxscan.in/h-upload/2026/01/08/250x150_2117761-house-rent-allowance-under-income-tax-act-old-new-tax-act-series-taxscan.webp "House Rent Allowance (HRA) under Income Tax Act, 1961 vs. 2025 [Old vs New Tax Act Series]")
![Purchases cannot be Disallowed Merely on Employee Statements without Evidence: ITAT Deletes 12.5% Ad-Hoc Disallowance [Read Order]](https://images.taxscan.in/h-upload/2026/01/08/250x150_2117677-purchases-disallowance-itat-taxscan.webp "Purchases cannot be Disallowed Merely on Employee Statements without Evidence: ITAT Deletes 12.5% Ad-Hoc Disallowance [Read Order]")
![Notional Interest cannot be Taxed on Funds Provided to Subsidiary when no Interest Paid: ITAT Dismisses Appeal against Shoppers Stop [Read Order]](https://images.taxscan.in/h-upload/2026/01/08/250x150_2117675-notional-interest-cannot-taxed-funds-provided-subsidiary-when-interest.webp "Notional Interest cannot be Taxed on Funds Provided to Subsidiary when no Interest Paid: ITAT Dismisses Appeal against Shoppers Stop [Read Order]")
![CSR Funds Received With Specific Donor Conditions Not Automatically Taxable Income: ITAT Remands JM Financial Foundation Case [Read Order]](https://images.taxscan.in/h-upload/2026/01/08/250x150_2117680-csr-funds-received-with-specific-donor-conditions-not-automatically-taxable-income-itat-remands-jm-financial-foundation-case-taxscan-.webp "CSR Funds Received With Specific Donor Conditions Not Automatically Taxable Income: ITAT Remands JM Financial Foundation Case [Read Order]")
PCIT Cannot Invoke Revisionary Powers u/s 263 where AO took a Plausible View after Due Enquiry: ITAT favours City Union Bank [Read Order]
The Chennai Bench of the Income Tax Appellate Tribunal ( ITAT ) has held that revisionary powers under Section 263 of theIncome Tax Act, 1961 cannot be exercised merely because the Principal ...
![PCIT Cannot Invoke Revisionary Powers u/s 263 where AO took a Plausible View after Due Enquiry: ITAT favours City Union Bank [Read Order]](https://images.taxscan.in/h-upload/2026/01/07/500x300_2117507-itat-favours-city-union-bank-taxscan.webp "PCIT Cannot Invoke Revisionary Powers u/s 263 where AO took a Plausible View after Due Enquiry: ITAT favours City Union Bank [Read Order]")
No Addition Permissible in Unabated AY Without Incriminating Material Found During Search: ITAT Deletes Rs. 7.25 Crore Addition [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) deleted ₹7.25 crore addition under Section 68, holding that no addition can be made in an unabated assessment year without incriminating...
![No Addition Permissible in Unabated AY Without Incriminating Material Found During Search: ITAT Deletes Rs. 7.25 Crore Addition [Read Order]](https://images.taxscan.in/h-upload/2026/01/07/500x300_2117591-itat-deletes-rs-725-crore-addition-taxscan.jfif "No Addition Permissible in Unabated AY Without Incriminating Material Found During Search: ITAT Deletes Rs. 7.25 Crore Addition [Read Order]")
Wrong Selection of ITR 7 instead of ITR 5 is Mere Procedural Error: ITAT remits matter to Reassess Income as per ITR 5 [Read Order]
TheDelhi Bench of the Income Tax AppellateTribunal (ITAT)has held that the mere filing of an income tax return in an incorrect form cannot be a ground to disallow genuine expenditure. The Bench also...
![Wrong Selection of ITR 7 instead of ITR 5 is Mere Procedural Error: ITAT remits matter to Reassess Income as per ITR 5 [Read Order]](https://images.taxscan.in/h-upload/2026/01/07/500x300_2117487-wrong-selection-of-itr-7-instead-of-itr-5-is-mere-procedural-error-itat-remits-matter-to-reassess-income-as-per-itr-5-taxscan.webp "Wrong Selection of ITR 7 instead of ITR 5 is Mere Procedural Error: ITAT remits matter to Reassess Income as per ITR 5 [Read Order]")
ITAT Quashes Reassessment Proceedings against Toyota Boshoku Corporation for Lack of Mandatory Approval u/s 151 [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has quashed reassessment proceedings initiated under the Income Tax Act, 1961, holding that notices issued beyond the prescribed period...
![ITAT Quashes Reassessment Proceedings against Toyota Boshoku Corporation for Lack of Mandatory Approval u/s 151 [Read Order]](https://images.taxscan.in/h-upload/2026/01/07/500x300_2117478-toyota-boshoku-corporation-taxscan.webp "ITAT Quashes Reassessment Proceedings against Toyota Boshoku Corporation for Lack of Mandatory Approval u/s 151 [Read Order]")
![Annual Income Tax Case Digest: ITAT Decisions 2025 [Part XX]](https://images.taxscan.in/h-upload/2026/01/06/500x300_2117306-annual-income-tax-case-digest-itat-decisions-2025-part-xx-taxscan.webp "Annual Income Tax Case Digest: ITAT Decisions 2025 [Part XX]")
![Annual Income Tax Case Digest: ITAT Decisions 2025 [Part XIX]](https://images.taxscan.in/h-upload/2026/01/06/500x300_2117361-annual-income-tax-case-digest-itat-decisions-2025-part-xix-taxscan.jfif "Annual Income Tax Case Digest: ITAT Decisions 2025 [Part XIX]")
![Annual Income Tax Case Digest: ITAT Decisions 2025 [Part XVIII]](https://images.taxscan.in/h-upload/2026/01/03/500x300_2116982-annual-income-tax-case-digest-itat-decisions-2025-part-xviii-taxscan.webp "Annual Income Tax Case Digest: ITAT Decisions 2025 [Part XVIII]")