Articles 245 to 279A: Understanding the Constitutional Backbone of Indian Taxation
India’s Constitution, adopted in 1950, lays out the basic structure for how the country is governed. One of its most important roles is to decide...
![ITAT backs CIT(A) order Deleting ₹1.2 Crore Income Tax Penalty on Ship-Breaker for Lack of Alleged International Transactions Documents [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-CITA-order-Deleting-ITAT-backs-CITA-order-Deleting-Income-Tax-Penalty-Income-Tax-Penalty-Income-Tax-Penalty-on-Ship-Breaker-Penalty-on-Ship-Breake-taxscan.jpg "ITAT backs CIT(A) order Deleting ₹1.2 Crore Income Tax Penalty on Ship-Breaker for Lack of Alleged International Transactions Documents [Read Order]")
![CPC Wrongly Disallows Loss Carry-Forward: ITAT Confirms Extended Due Date for Companies with International Transactions [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/International-Transactions-CPC-Income-Tax-Taxscan.jpg "CPC Wrongly Disallows Loss Carry-Forward: ITAT Confirms Extended Due Date for Companies with International Transactions [Read Order]")
![Section 80IA(4)(ii) of IT Act would still apply even if same undertaking were to expand or add services: Delhi HC dismisses Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Delhi-High-Court-Income-Tax-Act-Delhi-High-Court-dismisses-Appeal-TAXSCAN.jpg "Section 80IA(4)(ii) of IT Act would still apply even if same undertaking were to expand or add services: Delhi HC dismisses Appeal [Read Order]")
![Foreign Currency Expenses on Telecom charges and Technical Services outside India included in Export Turnover for Section 10A of Income Tax Act: ITAT grants Relief to Tech Mahindra [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Foreign-Currency-Expenses-Telecom-charges-Technical-Services-India-included-in-Export-Turnover-Income-Tax-Act-ITAT-Tech-Mahindra-TAXSCAN.jpg "Foreign Currency Expenses on Telecom charges and Technical Services outside India included in Export Turnover for Section 10A of Income Tax Act: ITAT grants Relief to Tech Mahindra [Read Order]")
RPM is the most Appropriate Method in International Transactions of Celio Future Fashion pertaining to Import of Men’s Wear for Resale: ITAT directs De novo Benchmarking [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has directed denovo benchmarking holding that the Resale Price Method (RPM) is the most appropriate method in international transactions of...
![RPM is the most Appropriate Method in International Transactions of Celio Future Fashion pertaining to Import of Men’s Wear for Resale: ITAT directs De novo Benchmarking [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/RPM-most-Appropriate-Method-International-Transactions-Celio-Future-Fashion-pertaining-Import-of-Mens-Wear-Resale-ITAT-Directs-De-novo-Benchmarking-taxscan.jpg "RPM is the most Appropriate Method in International Transactions of Celio Future Fashion pertaining to Import of Men’s Wear for Resale: ITAT directs De novo Benchmarking [Read Order]")
CUP is the Most Appropriate Method for International Transactions for Computation of PLI: ITAT grants Relief to Lenovo India [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) has recently while granting relief to Lenovo India held that Comparable Uncontrolled Price (CUP) is the most appropriate method...
![CUP is the Most Appropriate Method for International Transactions for Computation of PLI: ITAT grants Relief to Lenovo India [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/CUP-International-Transactions-Appropriate-Method-PLI-ITAT-Lenovo-India-Taxscan.jpg "CUP is the Most Appropriate Method for International Transactions for Computation of PLI: ITAT grants Relief to Lenovo India [Read Order]")
Net Profit Margin to be Adjusted to take into Account the differences between International Transactions and Comparable Uncontrolled Transactions: ITAT [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Bangalore, has recently while deciding an appeal filed before it by an assessee, held that net profit margin arising in comparable uncontrolled...
![Net Profit Margin to be Adjusted to take into Account the differences between International Transactions and Comparable Uncontrolled Transactions: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Net-Profit-Margin-International-Transactions-Transactions-ITAT-taxscan.jpg "Net Profit Margin to be Adjusted to take into Account the differences between International Transactions and Comparable Uncontrolled Transactions: ITAT [Read Order]")
ITAT deletes upward Adjustment on International Transactions for Payments of Interest on FCDs [Read Order]
The upward adjustment on international transactions for “payments of interest on Fully Convertible Debentures (FCD)” was deleted by the Mumbai bench of the Income Tax Appellate Tribunal (ITAT). ...
![ITAT deletes upward Adjustment on International Transactions for Payments of Interest on FCDs [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/ITAT-international-transactions-Payments-Interest-FCDs-taxscan.jpg "ITAT deletes upward Adjustment on International Transactions for Payments of Interest on FCDs [Read Order]")
Transfer Pricing Adjustment should be Restricted only to AE Related Transactions of Assessee: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore bench has held that the transfer pricing adjustment shall be restricted only to AE related transactions of the assessee. The assessee is a...
![Transfer Pricing Adjustment should be Restricted only to AE Related Transactions of Assessee: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Transfer-Pricing-Adjustment-AE-Transactions-Assessee-ITAT-Taxscan.jpg "Transfer Pricing Adjustment should be Restricted only to AE Related Transactions of Assessee: ITAT [Read Order]")
Relief to Honda: ITAT directs AO to delete Addition on account of Capitalisation of Royalty Expenses by Holding it to be Revenue in Nature [Read Order]
In a major relief to Honda Motorcycle and Scooter India Pvt. Ltd, the Delhi Bench of Income Tax Appellate Tribunal (ITAT) directed the AO to delete Addition on account of capitalisation of royalty...
![Relief to Honda: ITAT directs AO to delete Addition on account of Capitalisation of Royalty Expenses by Holding it to be Revenue in Nature [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/11/7f993aba-8c6f-4f47-978e-4cab3563e356.jpg "Relief to Honda: ITAT directs AO to delete Addition on account of Capitalisation of Royalty Expenses by Holding it to be Revenue in Nature [Read Order]")