Mansi Yadav
![Relief to Thermo Fisher in Transfer Pricing Dispute: ITAT Partly Allows Appeal on Royalty ALP, Benchmarking, Comparables, Aggregation and Working Capital Adjustments [Read Order]](https://images.taxscan.in/h-upload/2026/01/11/500x300_2118312-thermo-fisher-transfer-pricing-itat-appeal-royalty-alp-benchmarking-comparables-aggregation-working-capital-adjustments-taxscan.webp "Relief to Thermo Fisher in Transfer Pricing Dispute: ITAT Partly Allows Appeal on Royalty ALP, Benchmarking, Comparables, Aggregation and Working Capital Adjustments [Read Order]")
Relief to Thermo Fisher in Transfer Pricing Dispute: ITAT Partly Allows Appeal on Royalty ALP, Benchmarking, Comparables, Aggregation and Working Capital Adjustments [Read Order]
The Mumbai Bench of the Income Tax AppellateTribunal (ITAT) has partly allowed the appeal filed by Thermo Fisher Scientific India Pvt. Ltd. in a...
![Reopening of Assessment u/s 147 Invalid Due to Defective PCIT Approval: ITAT Quashes Entire Reassessment [Read Order]](https://images.taxscan.in/h-upload/2026/01/07/250x150_2117491-reopening-assessment-defective-pcit-approval-itat-quashes-reassessment-taxscan.webp "Reopening of Assessment u/s 147 Invalid Due to Defective PCIT Approval: ITAT Quashes Entire Reassessment [Read Order]")
![ITAT Remands Section 69A Addition After Holding AO Failed to Verify Creditworthiness of Donors [Read Order]](https://images.taxscan.in/h-upload/2026/01/08/250x150_2117770-itat-remands-section-69a-addition-after-holding-ao.webp "ITAT Remands Section 69A Addition After Holding AO Failed to Verify Creditworthiness of Donors [Read Order]")
![Consideration for Off-shore Supply of Equipment and Designs cannot Be Taxed in India: ITAT allows Appeal by SMS Group GmbH [Read Order]](https://images.taxscan.in/h-upload/2026/01/07/250x150_2117489-itat-allows-appeal-by-sms-group-gmbh-taxscan.jfif "Consideration for Off-shore Supply of Equipment and Designs cannot Be Taxed in India: ITAT allows Appeal by SMS Group GmbH [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]](https://images.taxscan.in/h-upload/2026/01/08/250x150_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]")
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]")
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]")
NCLAT Rules No Grounds to Entertain NTADCL Appeal, Issues Clarification on Right to Defense Against IL&FS [Read Order]
The National Company Law Appellate Tribunal (NCLAT), Principal Bench at New Delhi, has declined to interfere with an order of the National Company Law Tribunal (NCLT), Mumbai Bench-I, which rejected...
![NCLAT Rules No Grounds to Entertain NTADCL Appeal, Issues Clarification on Right to Defense Against IL&FS [Read Order]](https://images.taxscan.in/h-upload/2026/01/01/500x300_2116516-nclat-rules-grounds-entertain-ntadcl-appeal-issues-clarification.webp "NCLAT Rules No Grounds to Entertain NTADCL Appeal, Issues Clarification on Right to Defense Against IL&FS [Read Order]")
Cash Transactions of Co-operative Society with its Members Not Penal if Reasonable Cause Exists: ITAT Deletes Penalties u/s 271D and 271E [Read Order]
The Income Tax Appellate Tribunal (ITAT) Bench at Ahmedabad has dismissed the Revenue’s appeals and upheld the deletion of penalties imposed under Sections 271D and 271E of the Income Tax Act, 1961....
![Cash Transactions of Co-operative Society with its Members Not Penal if Reasonable Cause Exists: ITAT Deletes Penalties u/s 271D and 271E [Read Order]](https://images.taxscan.in/h-upload/2026/01/03/500x300_2116928-cash-transactions-co-operative-society-taxscan.jfif "Cash Transactions of Co-operative Society with its Members Not Penal if Reasonable Cause Exists: ITAT Deletes Penalties u/s 271D and 271E [Read Order]")
Failure to Adhere to Surviving Time Limit under TOLA Renders Reassessment Proceedings u/s 148 Void: ITAT Quashes Assessment Orders [Read Order]
The Income Tax Appellate Tribunal (ITAT) Bench at Ahmedabad has quashed reassessment proceedings for Assessment Years 2015-16, 2016-17 and 2017-18 after holding that the notices were issued beyond the...
![Failure to Adhere to Surviving Time Limit under TOLA Renders Reassessment Proceedings u/s 148 Void: ITAT Quashes Assessment Orders [Read Order]](https://images.taxscan.in/h-upload/2026/01/03/500x300_2116946-failure-adhere-surviving-time-limit-under-tola-renders-reassessment-proceedings.webp "Failure to Adhere to Surviving Time Limit under TOLA Renders Reassessment Proceedings u/s 148 Void: ITAT Quashes Assessment Orders [Read Order]")