![Disallowance of ₹16.28 Lakh Bogus Purchase without Rejection of Books: ITAT Restricts Addition to ₹1.29 Lakh Applying GP Rate [Read Order]](https://images.taxscan.in/h-upload/2025/09/20/500x300_2089034-disallowance-bogus-purchase-itat-restricts-addition-taxscan.webp "Disallowance of ₹16.28 Lakh Bogus Purchase without Rejection of Books: ITAT Restricts Addition to ₹1.29 Lakh Applying GP Rate [Read Order]")
Disallowance of ₹16.28 Lakh Bogus Purchase without Rejection of Books: ITAT Restricts Addition to ₹1.29 Lakh Applying GP Rate [Read Order]
The Ranchi Bench of Income Tax Appellate Tribunal ( ITAT ) partly allowed the appeal and restricted the addition of ₹16.28 lakh for alleged bogus...
![Lack of Verification: ITAT sets aside Service Tax Disallowance Order u/s 43B and directs Fresh Adjudication [Read Order]](https://images.taxscan.in/h-upload/2025/09/18/250x150_2088280-lack-of-verification-itat-service-tax-disallowance-taxscan.webp "Lack of Verification: ITAT sets aside Service Tax Disallowance Order u/s 43B and directs Fresh Adjudication [Read Order]")
![Excess Depreciation on Intangible Assets Allowed: ITAT Upholds Consistency in Nirma’s Case [Read Order]](https://images.taxscan.in/h-upload/2025/09/15/250x150_2087570-itat-ahmedabad-excess-depreciation-intangible-assets-taxscan.webp "Excess Depreciation on Intangible Assets Allowed: ITAT Upholds Consistency in Nirma’s Case [Read Order]")
![Eligibility for S. 80P Deduction Depends on Primary Business of Cooperative Society, Not Incidental Dealings with Non-Members: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/09/13/250x150_2086030-2051537-itat-itat-rajkot-section-80p-deduction-taxscan.webp "Eligibility for S. 80P Deduction Depends on Primary Business of Cooperative Society, Not Incidental Dealings with Non-Members: ITAT [Read Order]")
Payments for Multiple Bills Below Rs. 20,000 Each Do Not Attract S. 40A(3) Disallowance: ITAT [Read Order]
The Rajkot Bench of Income Tax Appellate Tribunal ( ITAT ) ruled that payments for multiple bills, each below Rs. 20,000, do not attract disallowance under section 40A(3) of the Income Tax Act, ...
![Payments for Multiple Bills Below Rs. 20,000 Each Do Not Attract S. 40A(3) Disallowance: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/08/26/500x300_2080794-disallowance-itat-multiple-bills-tax-taxscan.webp "Payments for Multiple Bills Below Rs. 20,000 Each Do Not Attract S. 40A(3) Disallowance: ITAT [Read Order]")
Disallowance of ₹1.87 Crore MAT Credit in Schindler India’s Return of Income: ITAT Remands matter to AO to Verify & Allow Necessary Credit [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) recently directed the jurisdictional Assessing Officer (AO) to verify and allow necessary MAT (Minimum Alternate Tax) credit of...
![Disallowance of ₹1.87 Crore MAT Credit in Schindler India’s Return of Income: ITAT Remands matter to AO to Verify & Allow Necessary Credit [Read Order]](https://images.taxscan.in/h-upload/2025/08/26/500x300_2080578-2060606-itat-ruling-income-tax-tribunal-tax-disallowance-taxscan.webp "Disallowance of ₹1.87 Crore MAT Credit in Schindler India’s Return of Income: ITAT Remands matter to AO to Verify & Allow Necessary Credit [Read Order]")
Club and Entrance Fees Disallowance u/s 37: ITAT Upholds CIT(A)'s Order Allowing Expenditure for MRF as Reasonable for Business [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal ( ITAT ) upheld the Commissioner of Income Tax (Appeals)[CIT(A)]’s order allowing MRF’s expenditure on club and entrance fees as reasonable for...
![Club and Entrance Fees Disallowance u/s 37: ITAT Upholds CIT(A)s Order Allowing Expenditure for MRF as Reasonable for Business [Read Order]](https://images.taxscan.in/h-upload/2025/08/23/500x300_2079887-mrf-disallowance-itat-taxscan.webp "Club and Entrance Fees Disallowance u/s 37: ITAT Upholds CIT(A)s Order Allowing Expenditure for MRF as Reasonable for Business [Read Order]")
Expenditure on Subsidiary for Commercial Expediency Allowable as Business Deduction: Bombay HC in Mahindra Case [Read Order]
In a recent ruling, the Bombay High Court held that expenditure incurred by a company on its subsidiary for commercial expediency is allowable as a business deduction. Mahindra & Mahindra...
![Expenditure on Subsidiary for Commercial Expediency Allowable as Business Deduction: Bombay HC in Mahindra Case [Read Order]](https://images.taxscan.in/h-upload/2025/08/18/500x300_2078050-business-deduction-bombay-hc-in-mahindra-case-taxscan.webp "Expenditure on Subsidiary for Commercial Expediency Allowable as Business Deduction: Bombay HC in Mahindra Case [Read Order]")
Mere Disallowance of Capitalized Interest Not Misreporting: ITAT deletes Income Tax Penalty u/s 270A [Read Order]
The Jaipur Bench of the Income Tax Appellate Tribunal (ITAT) has deleted the penalty imposed under section 270A of the Income Tax Act, 1961, and held that mere disallowance of the capitalized ...
![Mere Disallowance of Capitalized Interest Not Misreporting: ITAT deletes Income Tax Penalty u/s 270A [Read Order]](https://images.taxscan.in/h-upload/2025/08/16/500x300_2077533-mere-disallowance-capitalized-interest-itat-income-tax-penalty-taxscan.webp "Mere Disallowance of Capitalized Interest Not Misreporting: ITAT deletes Income Tax Penalty u/s 270A [Read Order]")
Bonafide Error in Claiming 15% Depreciation Instead of 7.5%: ITAT finds Assessee Eligible for Additional Depreciation u/s 32(1)(iia) [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) held that a bonafide error in claiming 15% depreciation instead of the eligible 7.5% on plant and machinery used for less than 180 days ...
![Bonafide Error in Claiming 15% Depreciation Instead of 7.5%: ITAT finds Assessee Eligible for Additional Depreciation u/s 32(1)(iia) [Read Order]](https://images.taxscan.in/h-upload/2025/08/10/500x300_2075264-bonafide-error-bonafide-error-in-claiming-15-depreciation-taxscan.webp "Bonafide Error in Claiming 15% Depreciation Instead of 7.5%: ITAT finds Assessee Eligible for Additional Depreciation u/s 32(1)(iia) [Read Order]")
Section 14A Disallowance Restricted to Exempt Income Investments: ITAT Upholds CIT(A)’s Order, Rejects Retrospective Amendment Application [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) ruled that disallowance should be restricted to investments that actually yielded exempt income, rejecting the Revenue’s contention for ...
![Section 14A Disallowance Restricted to Exempt Income Investments: ITAT Upholds CIT(A)’s Order, Rejects Retrospective Amendment Application [Read Order]](https://images.taxscan.in/h-upload/2025/07/30/500x300_2070951-itat-mumbai-section-14a-disallowance-income-investments-taxscan.webp "Section 14A Disallowance Restricted to Exempt Income Investments: ITAT Upholds CIT(A)’s Order, Rejects Retrospective Amendment Application [Read Order]")