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![ITAT Orders Re-evaluation of S. 14A Disallowances and Foreign Tax Credits for Bank of India, Dismisses Revenue’s Appeal [Read Order]](https://images.taxscan.in/h-upload/2026/02/05/500x300_2123918-itat-orders-re-evaluation-s-14a-disallowances-foreign-tax-credits-bank-india.webp "ITAT Orders Re-evaluation of S. 14A Disallowances and Foreign Tax Credits for Bank of India, Dismisses Revenue’s Appeal [Read Order]")
ITAT Orders Re-evaluation of S. 14A Disallowances and Foreign Tax Credits for Bank of India, Dismisses Revenue’s Appeal [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that no disallowance under Section 14A of the Income Tax Act, 1961 could be made...
![Reassessment Beyond 4 Years Without New Material Invalid: ITAT Quashes ₹3.40 Cr S. 80IB(10) Disallowance [Read Order]](https://images.taxscan.in/h-upload/2026/02/05/250x150_2123832-reassessment-beyond-4-years-without-new-material-invalid-itat-quashes.webp "Reassessment Beyond 4 Years Without New Material Invalid: ITAT Quashes ₹3.40 Cr S. 80IB(10) Disallowance [Read Order]")
![Advertising & Sales Promotion Spend to Dealers Not ‘Fringe Benefit’: ITAT deletes ₹1.08 Cr FBT Addition [Read Order]](https://images.taxscan.in/h-upload/2026/01/29/250x150_2122382-advertising-sales-promotion-spend-dealers-fringe-benefit-itat.webp "Advertising & Sales Promotion Spend to Dealers Not ‘Fringe Benefit’: ITAT deletes ₹1.08 Cr FBT Addition [Read Order]")
![Ex-Parte Order after 10 Notices Not Final: ITAT Remands ₹64.12 Lakh S. 69C Disallowance [Read Order]](https://images.taxscan.in/h-upload/2026/01/09/250x150_2117948-ex-parte-order-after-10-notices-not-final-itat-remands.webp "Ex-Parte Order after 10 Notices Not Final: ITAT Remands ₹64.12 Lakh S. 69C Disallowance [Read Order]")
![Purchases cannot be Disallowed Merely on Employee Statements without Evidence: ITAT Deletes 12.5% Ad-Hoc Disallowance [Read Order]](https://images.taxscan.in/h-upload/2026/01/08/250x150_2117677-purchases-disallowance-itat-taxscan.webp "Purchases cannot be Disallowed Merely on Employee Statements without Evidence: ITAT Deletes 12.5% Ad-Hoc Disallowance [Read Order]")
Client Code Modification in F&O Transactions Allegations Need Transaction-Level Proof: ITAT Remands ₹1.33 Cr Income Addition Matter [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) ruled that an argument for income escaping the net of taxation due to Client Code Modification (CCM) in futures and options transactions...
![Client Code Modification in F&O Transactions Allegations Need Transaction-Level Proof: ITAT Remands ₹1.33 Cr Income Addition Matter [Read Order]](https://images.taxscan.in/h-upload/2026/01/06/500x300_2117276-client-code-modification-ccm-taxscan.webp "Client Code Modification in F&O Transactions Allegations Need Transaction-Level Proof: ITAT Remands ₹1.33 Cr Income Addition Matter [Read Order]")
Excise Duty Hike Notification Not Published In Gazette When Goods Cleared: CESTAT Rejects Revenue’s Demand on BPCL [Read Order]
The Mumbai Bench of the Customs, Excise & Service Tax Appellate Tribunal (CESTAT) has granted relief to Bharat Petroleum Corporation Limited (BPCL), holding that the excise...
![Excise Duty Hike Notification Not Published In Gazette When Goods Cleared: CESTAT Rejects Revenue’s Demand on BPCL [Read Order]](https://images.taxscan.in/h-upload/2026/01/05/500x300_2117136-site-image-4-t-1.webp "Excise Duty Hike Notification Not Published In Gazette When Goods Cleared: CESTAT Rejects Revenue’s Demand on BPCL [Read Order]")
![Full Settlement: NCLT Approves Resolution Plan with 100% Voting Share from Creditors [Read Order]](https://images.taxscan.in/h-upload/2026/01/02/500x300_2116658-full-settlement-nclt-approves-resolution-plan-with-100-voting-share-from-creditors.webp "Full Settlement: NCLT Approves Resolution Plan with 100% Voting Share from Creditors [Read Order]")
![Full Settlement: NCLT Approves Resolution Plan with 100% Voting Share from Creditors [Read Order]](https://images.taxscan.in/h-upload/2026/01/01/500x300_2116451-full-settlement-nclt-approves-resolution-plan.webp "Full Settlement: NCLT Approves Resolution Plan with 100% Voting Share from Creditors [Read Order]")
Mechanical 145A Addition Set Aside: ITAT Rules Profit-Neutral MODVAT Adjustment Can’t Trigger Tax [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) held that a mechanical adjustment under Section 145A of the Income Tax Act, 1961, without demonstrating any real impact on profits,...
![Mechanical 145A Addition Set Aside: ITAT Rules Profit-Neutral MODVAT Adjustment Can’t Trigger Tax [Read Order]](https://images.taxscan.in/h-upload/2025/12/27/500x300_2115310-mechanical-145a-addition-set-aside-itat-rules-profit-neutral-modvat-adjustment-cant-trigger-tax-taxscan.webp "Mechanical 145A Addition Set Aside: ITAT Rules Profit-Neutral MODVAT Adjustment Can’t Trigger Tax [Read Order]")
