![Provision for Warranty Not Contingent when Based on Scientific Method: ITAT Directs AO to allow Correct Deduction [Read Order]](https://images.taxscan.in/h-upload/2025/12/20/500x300_2113411-provision-warranty-contingent-based-scientific-method-itat-directs-ao-allow-correct-deduction-taxscan.webp "Provision for Warranty Not Contingent when Based on Scientific Method: ITAT Directs AO to allow Correct Deduction [Read Order]")
Provision for Warranty Not Contingent when Based on Scientific Method: ITAT Directs AO to allow Correct Deduction [Read Order]
The Bangalore Bench of the Income Tax Appellate Tribunal (ITAT) ruled that a provision for warranty is not a contingent liability and should be...
![Loss from Currency Derivatives Held as Speculative Transaction, Not Business: ITAT Upholds ₹4.05 Cr Foreign Exchange Loss and Brokerage Disallowance [Read Order]](https://images.taxscan.in/h-upload/2025/12/19/250x150_2113255-loss-currency-derivatives-held-speculative-transaction-business-itat-upholds-foreign-exchange-loss-brokerage-disallowance-taxscan.webp "Loss from Currency Derivatives Held as Speculative Transaction, Not Business: ITAT Upholds ₹4.05 Cr Foreign Exchange Loss and Brokerage Disallowance [Read Order]")
![Royalty and FTS Taxable on Receipt Basis Only: ITAT Follows Consistent Precedent in Favour of Siemens AG [Read Order]](https://images.taxscan.in/h-upload/2025/10/29/250x150_2100680-siemens-itat-taxscan.webp "Royalty and FTS Taxable on Receipt Basis Only: ITAT Follows Consistent Precedent in Favour of Siemens AG [Read Order]")
![Is DRP Procedure Bound by Time Limitation u/s.153? Split Verdict Leads Supreme Court Division Bench to Urge CJI to Form Specific Bench [Read Judgement]](https://images.taxscan.in/h-upload/2025/08/11/250x150_2075691-supreme-court-taxscan.webp "Is DRP Procedure Bound by Time Limitation u/s.153? Split Verdict Leads Supreme Court Division Bench to Urge CJI to Form Specific Bench [Read Judgement]")
![Assessee Not Informed AO about Income Tax Assessment Objections Pending before DRP: Bombay HC Slaps ₹10,000 Cost on Petitioner [Read Order]](https://images.taxscan.in/h-upload/2025/06/11/250x150_2042549-income-tax-assessment-ao-assessee-bombay-hc-taxscan.webp "Assessee Not Informed AO about Income Tax Assessment Objections Pending before DRP: Bombay HC Slaps ₹10,000 Cost on Petitioner [Read Order]")
Partial Relief for Piaggio: ITAT Directs Fresh TP Verification Due to Incorrect Uniform Margin Application on Exports [Read Order]
The Pune Bench of Income Tax Appellate Tribunal ( ITAT ) granted partial relief to Piaggio Vehicles Pvt. Ltd. by directing fresh transfer pricing verification, citing incorrect application of a...
![Partial Relief for Piaggio: ITAT Directs Fresh TP Verification Due to Incorrect Uniform Margin Application on Exports [Read Order]](https://images.taxscan.in/h-upload/2025/06/05/500x300_2041319-piaggio-itat-taxscan.webp "Partial Relief for Piaggio: ITAT Directs Fresh TP Verification Due to Incorrect Uniform Margin Application on Exports [Read Order]")
Applicability of MAP-Determined ALP to Non-US AEs: ITAT Directs TPO to Conduct Fresh TP Study [Read Order]
The Bangalore Bench of Income Tax Appellate Tribunal (ITAT)directed the Transfer Pricing Officer (TPO) to conduct a fresh transfer pricing (TP) study on the applicability of the arm's length price...
![Applicability of MAP-Determined ALP to Non-US AEs: ITAT Directs TPO to Conduct Fresh TP Study [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/TAT-ITAT-Bangalore-TPO-MAP-TP-Study-taxscan.jpg "Applicability of MAP-Determined ALP to Non-US AEs: ITAT Directs TPO to Conduct Fresh TP Study [Read Order]")
Foreign AE as tested party for Trading Segment: ITAT Directs TPO to Reevaluate Arm’s-Length Price [Read Order]
The Bangalore Bench of Income Tax Appellate Tribunal ( ITAT ) directed the Transfer Pricing Officer (TPO) to reassess the arm’s-length price for Decathlon Sports India Private Limited’s trading...
![Foreign AE as tested party for Trading Segment: ITAT Directs TPO to Reevaluate Arm’s-Length Price [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-Foreign-AE-TPO-taxscan.jpg "Foreign AE as tested party for Trading Segment: ITAT Directs TPO to Reevaluate Arm’s-Length Price [Read Order]")
[BREAKING] Budget 2025: Income Tax Dispute Resolution Panel to have Delayed Implementation of Faceless Scheme
The Finance Minister Nirmala Sitharaman unveiled the Union Budget 2025 on February 1st, 2025, at 11:00 AM in Parliament, marking her 8th consecutive budget under the Modi Government 3.0.This year's...
![[BREAKING] Budget 2025: Income Tax Dispute Resolution Panel to have Delayed Implementation of Faceless Scheme](https://www.taxscan.in/wp-content/uploads/2025/02/Budget-2025-Income-Tax-Dispute-Resolution-Panel-Delayed-Implementation-Faceless-Scheme-taxscan.jpg "[BREAKING] Budget 2025: Income Tax Dispute Resolution Panel to have Delayed Implementation of Faceless Scheme")
![Calcutta HC allows Income Tax Deduction u/s 80IAÂ on Port Infrastructure Development [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/Calcutta-High-Court-Port-Infrastructure-Development-Income-Tax-Deduction-Taxscan.jpg "Calcutta HC allows Income Tax Deduction u/s 80IAÂ on Port Infrastructure Development [Read Order]")
