ITAT Bangalore’s Binny Bansal Ruling on Tax Residency: Key Lessons for HNIs Relocating Overseas
Recently, the Income Tax Appellate Tribunal (Bangalore Bench) delivered an extensive ruling in the tax residency dispute of assessee Binny Bansal,...
![Higher Depreciation on Goods Carriage Vehicles Cannot Be Disallowed at S. 143(1) Stage: ITAT Deletes CPC Adjustment [Read Order]](https://images.taxscan.in/h-upload/2025/12/24/2114624-higher-depreciation-goods-carriage-vehicles-disallowed-stage-itat-deletes-cpc-adjustment-taxscan.webp "Higher Depreciation on Goods Carriage Vehicles Cannot Be Disallowed at S. 143(1) Stage: ITAT Deletes CPC Adjustment [Read Order]")
![Depreciation on Leased Ethanol Buses cannot be Denied when Lease Income already Disclosed in P&L: ITAT Remands for Verification [Read Order]](https://images.taxscan.in/h-upload/2025/12/20/2113432-depreciation-leased-ethanol-buses-denied-lease-income-disclosed-p-and-l-itat-remands-verification-taxscan.webp "Depreciation on Leased Ethanol Buses cannot be Denied when Lease Income already Disclosed in P&L: ITAT Remands for Verification [Read Order]")
![‘Sexist Assumptions’ in CIT(A) Order: ITAT slams Authority for Ignoring Women’s Expertise, Deletes Sales Commission Disallowance [Read Order]](https://images.taxscan.in/h-upload/2025/12/04/2110189-sexist-assumptions-womens-expertise-deletes-sales-commission-taxscan.webp "‘Sexist Assumptions’ in CIT(A) Order: ITAT slams Authority for Ignoring Women’s Expertise, Deletes Sales Commission Disallowance [Read Order]")
![POA Cannot Be Treated as Registered Conveyance for Purpose of Transfer u/s 2(47)(v) and Capital Gain u/s 45: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/10/07/2094529-capital-gain-taxscan.webp "POA Cannot Be Treated as Registered Conveyance for Purpose of Transfer u/s 2(47)(v) and Capital Gain u/s 45: ITAT [Read Order]")
![ITAT Weekly Round Up [August 10th - August 16th]](https://images.taxscan.in/h-upload/2025/08/16/2077449-itat-weekly-round-up-taxscan.webp "ITAT Weekly Round Up [August 10th - August 16th]")
Free Equipment from Group Companies Taxable as Perquisite u/s 28(iv): ITAT Upholds PCIT's Revision u/s 263, Directs AO to Verify Returnable Basis [Read Order]
The Bangalore Bench of the Income Tax Appellate Tribunal (ITAT) ruled that the free of cost equipment of ₹42.89 crore received from group companies was potentially taxable as a perquisite under...
![Free Equipment from Group Companies Taxable as Perquisite u/s 28(iv): ITAT Upholds PCITs Revision u/s 263, Directs AO to Verify Returnable Basis [Read Order]](https://images.taxscan.in/h-upload/2025/08/09/2074783-group-compaies-itat-taxscan.webp "Free Equipment from Group Companies Taxable as Perquisite u/s 28(iv): ITAT Upholds PCITs Revision u/s 263, Directs AO to Verify Returnable Basis [Read Order]")
![Half-Yearly Income Tax Case Digest: ITAT Decisions 2025 [Part X]](https://images.taxscan.in/h-upload/2025/08/02/2072310-half-yearly-income-tax-case-diges-itat-decisions-2025-part-x-taxscan.webp "Half-Yearly Income Tax Case Digest: ITAT Decisions 2025 [Part X]")
Foreign Travel Expenses to secure Capital Investment cannot be allowed as Business Expenditure: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore bench has held that the foreign travel expenses relating to secure the capital investment in the business cannot be allowed as expenditure for the...
![Foreign Travel Expenses to secure Capital Investment cannot be allowed as Business Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Foreign-Travel-Expenses-Capital-Investment-Business-Expenditure-ITAT-taxscan.jpg "Foreign Travel Expenses to secure Capital Investment cannot be allowed as Business Expenditure: ITAT [Read Order]")
![15% Contribution to SPV retained by Monitoring Committee to be treated as Business Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/SPV-monitoring-committee-business-expenditure-ITAT.jpg "15% Contribution to SPV retained by Monitoring Committee to be treated as Business Expenditure: ITAT [Read Order]")
Interest Payments to Associate members by Credit Co-operative Society eligible for Exemption u/s 194A(3)(v): ITAT deletes Addition [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore has ruled that, that Credit Co-operative Societies are not liable to deduct tax at source from the interest payments made to Associate Members as...
![Interest Payments to Associate members by Credit Co-operative Society eligible for Exemption u/s 194A(3)(v): ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/Interest-Payments-Associate-members-Credit-Co-operative-Society-exemption-ITAT-Taxscan.jpeg "Interest Payments to Associate members by Credit Co-operative Society eligible for Exemption u/s 194A(3)(v): ITAT deletes Addition [Read Order]")
Assessing Officer not empowered to reject selection and valuation methods adopted by Taxpayer: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore Bench held that the Assessing Officer (AO) is not empowered to reject selection and valuation methods adopted by taxpayers. The assessee...
![Assessing Officer not empowered to reject selection and valuation methods adopted by Taxpayer: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/10/Assessing-Officer-empowered-reject-selection-valuation-methods-adopted-Taxpayer-ITAT-taxscan.jpg "Assessing Officer not empowered to reject selection and valuation methods adopted by Taxpayer: ITAT [Read Order]")