![Supreme Court Dismisses Revenue’s SLP Against Delhi HC Order in Vetco Gray Case [Read Order]](https://images.taxscan.in/h-upload/2026/01/31/500x300_2122761-supreme-court-slp-dismissed-supreme-court-slp-dismissal-revenue-slp-dismissed-supreme-court-dismisses-revenue-slp-in-vetco-gray-case-taxscan.webp "Supreme Court Dismisses Revenue’s SLP Against Delhi HC Order in Vetco Gray Case [Read Order]")
Supreme Court Dismisses Revenue’s SLP Against Delhi HC Order in Vetco Gray Case [Read Order]
The Supreme Court has dismissed a Special Leave Petition filed by the Revenue against a judgment of the Delhi High Court which had rejected an...
![AO Fails to Properly Enquire Year-End Provisions, TDS on Dealer Discounts: ITAT upholds Revision Order in Bajaj Auto Matter [Read Order]](https://images.taxscan.in/h-upload/2026/01/31/250x150_2122708-ao-fails-properly-enquire-year-end-provisions-tds-dealer-discounts-itat-upholds-revision-order-bajaj-auto-matter-taxscan.webp "AO Fails to Properly Enquire Year-End Provisions, TDS on Dealer Discounts: ITAT upholds Revision Order in Bajaj Auto Matter [Read Order]")
![No Exclusion of DEPB from Gross Profit while Calculating Business Income: ITAT strikes down ₹2.55 Cr Addition [Read Order]](https://images.taxscan.in/h-upload/2026/01/03/250x150_2116884-depb-not-excluded-from-gross-profit-tasxscan.webp "No Exclusion of DEPB from Gross Profit while Calculating Business Income: ITAT strikes down ₹2.55 Cr Addition [Read Order]")
![Income Tax Appellate Tribunal Cannot Sustain Tax Revision Order on Grounds Not Raised by Commissioner: Kerala HC [Read Order]](https://images.taxscan.in/h-upload/2025/11/25/250x150_2107959-income-tax-appellate-tribunal-tax-revision-order-kerala-hc-taxscan.webp "Income Tax Appellate Tribunal Cannot Sustain Tax Revision Order on Grounds Not Raised by Commissioner: Kerala HC [Read Order]")
No Error in Assessment as AO Examined All Expenses and Made Due Inquiry: Allahabad HC Upholds ITAT Order [Read Order]
The Pr Commissioner Of Income Tax-1 vs Anjali SinghalThe Allahabad High Court has upheld the Income Tax Appellate Tribunal’s (ITAT) decision, holding that there was no error in the assessment as...
![No Error in Assessment as AO Examined All Expenses and Made Due Inquiry: Allahabad HC Upholds ITAT Order [Read Order]](https://images.taxscan.in/h-upload/2025/11/21/500x300_2107185-allahabad-hc-itat-order-taxscan.webp "No Error in Assessment as AO Examined All Expenses and Made Due Inquiry: Allahabad HC Upholds ITAT Order [Read Order]")
ESOP Cost Rightly Allowed as Business Expenditure: ITAT Sets Aside PCIT Order against Nuvama Wealth after Finding Proper AO Inquiry [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal ( ITAT ) has set aside the revisional order passed by the Principal Commissioner of Income Tax (PCIT) under section 263 of the Income Tax Act,1961,...
![ESOP Cost Rightly Allowed as Business Expenditure: ITAT Sets Aside PCIT Order against Nuvama Wealth after Finding Proper AO Inquiry [Read Order]](https://images.taxscan.in/h-upload/2025/11/07/500x300_2103033-esop-esop-cost-business-expenditure-itat-pcit-order-nuvama-wealth-taxscan.webp "ESOP Cost Rightly Allowed as Business Expenditure: ITAT Sets Aside PCIT Order against Nuvama Wealth after Finding Proper AO Inquiry [Read Order]")
PCIT cannot use Suo Motu Revisional Power u/s 263 if AO has Allowed Deductions after Investigation: Kerala HC grants Relief to Apollo Tyres [Read Order]
The Kerala High Court recently granted relief to Apollo Tyres, holding that the Principal Commissioner of Income Tax (PCIT) cannot invoke suo motu revisional powers under Section 263 of the Income...
![PCIT cannot use Suo Motu Revisional Power u/s 263 if AO has Allowed Deductions after Investigation: Kerala HC grants Relief to Apollo Tyres [Read Order]](https://images.taxscan.in/h-upload/2025/11/06/500x300_2102753-pcit-suo-motu-revisional-power-apollo-tyres-relief-to-apollo-tyres-taxscan.webp "PCIT cannot use Suo Motu Revisional Power u/s 263 if AO has Allowed Deductions after Investigation: Kerala HC grants Relief to Apollo Tyres [Read Order]")
NPCI is Charitable Entity for Advancing General Public Utility: ITAT Rejects Income Tax Revision by CIT(E) [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT recently held that the National Payments Corporation of India (NPCI) qualifies as a charitable entity as it is engaged in the advancement...
![NPCI is Charitable Entity for Advancing General Public Utility: ITAT Rejects Income Tax Revision by CIT(E) [Read Order]](https://images.taxscan.in/h-upload/2025/10/31/500x300_2101306-npci-itat-mumbai-general-public-utility-income-tax-taxscan.webp "NPCI is Charitable Entity for Advancing General Public Utility: ITAT Rejects Income Tax Revision by CIT(E) [Read Order]")
Kerala HC Affirms S 263 Order citing Assessing Officer's Failure to Adjudicate on 'Slump Sale' [Read Order]
The Kerala High Court has affirmed a revision order under Section 263 of the Income Tax Act, holding that the Assessing Officer's failure to properly adjudicate whether a transaction constituted a...
![Kerala HC Affirms S 263 Order citing Assessing Officers Failure to Adjudicate on Slump Sale [Read Order]](https://images.taxscan.in/h-upload/2025/10/30/500x300_2101070-kerala-high-court-assessing-officer-slump-sale-taxscan.webp "Kerala HC Affirms S 263 Order citing Assessing Officers Failure to Adjudicate on Slump Sale [Read Order]")
![ITAT Sides with Diamond Trader, Says Survey Stock Query Was Fully Probed by AO [Read Order]](https://images.taxscan.in/h-upload/2025/10/27/500x300_2100215-diamond-trader-taxscan.webp "ITAT Sides with Diamond Trader, Says Survey Stock Query Was Fully Probed by AO [Read Order]")
![ITAT Quashes PCIT’s Revision; Cancellation of Land Deal Meant No Taxable Cash Income [Read Order]](https://images.taxscan.in/h-upload/2025/10/07/500x300_2094649-itat-quashes-pcit-land-deal-cash-income-taxscan.webp "ITAT Quashes PCIT’s Revision; Cancellation of Land Deal Meant No Taxable Cash Income [Read Order]")