Shareholder Loan Treated as Deemed Dividend u/s 2(22)(e): ITAT Restricts Addition to Company’s Accumulated Profits [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal (ITAT) restricted the addition of ₹88.26 lakh to companies' accumulated profits on the ground...
![Income Already Taxed in Share Applicant Companies: ITAT Deletes ₹190 Crore Share Capital Addition citing Double Taxation [Read Order]](https://images.taxscan.in/h-upload/2025/10/17/250x150_2097410-double-taxation-taxscan1.webp "Income Already Taxed in Share Applicant Companies: ITAT Deletes ₹190 Crore Share Capital Addition citing Double Taxation [Read Order]")
![Charter Hire Charges Disputed as Royalty Instead of Presumptive Income: ITAT Restores Matter to DRP for Fresh Directions [Read Order]](https://images.taxscan.in/h-upload/2025/10/17/250x150_2097388-charter-hire-presumptive-income-itat-drp-taxscan.webp "Charter Hire Charges Disputed as Royalty Instead of Presumptive Income: ITAT Restores Matter to DRP for Fresh Directions [Read Order]")
![TDS on Referral Commission: ITAT Rules S.194D Not Applicable, Deletes Disallowance of Rs. 2.92 Lakh u/s 40(a)(ia) [Read Order]](https://images.taxscan.in/h-upload/2025/10/17/250x150_2097375-tds-referral-commission-itat-taxscan.webp "TDS on Referral Commission: ITAT Rules S.194D Not Applicable, Deletes Disallowance of Rs. 2.92 Lakh u/s 40(a)(ia) [Read Order]")
ITAT Allows Full Rs. 8.55 Lakh Commission Paid by CA to Referral Agents, Holding Ad Hoc 30% Disallowance Unsustainable [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal ( ITAT ) allowed the full Rs. 8.55 lakh commission paid by a Chartered Accountant (CA) to 14 referral agents for identifying potential insurance ...
![ITAT Allows Full Rs. 8.55 Lakh Commission Paid by CA to Referral Agents, Holding Ad Hoc 30% Disallowance Unsustainable [Read Order]](https://images.taxscan.in/h-upload/2025/10/17/500x300_2097374-itat-down-excessive-disallowance-taxscan.webp "ITAT Allows Full Rs. 8.55 Lakh Commission Paid by CA to Referral Agents, Holding Ad Hoc 30% Disallowance Unsustainable [Read Order]")
Tax on Rental Income of Vacant Flat Limited to Municipal Value: ITAT restricts ₹5,026 as Rental Income [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) restricted the rental income ₹5,026 and directed the Assessing Officer (AO) to restrict the addition of deemed rental income to the...
![Tax on Rental Income of Vacant Flat Limited to Municipal Value: ITAT restricts ₹5,026 as Rental Income [Read Order]](https://images.taxscan.in/h-upload/2025/10/16/500x300_2097143-rental-income-taxscan.webp "Tax on Rental Income of Vacant Flat Limited to Municipal Value: ITAT restricts ₹5,026 as Rental Income [Read Order]")
No Disallowance can be made without Rejecting Books of Account: ITAT Deletes ₹63.16 Lakh addition on Expenses [Read Order]
The Kolkata Bench of the Income Tax Appellate Tribunal (ITAT) set aside the confirmation of disallowance made on the expenses amounting to Rs. 63,60,231 and held that no disallowance can be made...
![No Disallowance can be made without Rejecting Books of Account: ITAT Deletes ₹63.16 Lakh addition on Expenses [Read Order]](https://images.taxscan.in/h-upload/2025/10/16/500x300_2097111-books-of-account-itat-taxscan.webp "No Disallowance can be made without Rejecting Books of Account: ITAT Deletes ₹63.16 Lakh addition on Expenses [Read Order]")
S. 144(C)(13) Timeline Mandatory: Bombay HC rules Transfer Pricing Addition Non Est for Delay in DRP Directions Implementation [Read Order]
The Bombay High Court has held that the timeline under Section 144(C)(13) of the Income Tax Act, 1961 is mandatory, and failure to complete assessment within this period renders the transfer pricing...
![S. 144(C)(13) Timeline Mandatory: Bombay HC rules Transfer Pricing Addition Non Est for Delay in DRP Directions Implementation [Read Order]](https://images.taxscan.in/h-upload/2025/10/16/500x300_2097030-transfer-pricing-taxscan.webp "S. 144(C)(13) Timeline Mandatory: Bombay HC rules Transfer Pricing Addition Non Est for Delay in DRP Directions Implementation [Read Order]")
Lack of Proof and Documentation for Sub-Contractor Payments: ITAT upholds 20% Disallowance on Expenditure Payments
The Rajkot Bench of the Income Tax Appellate Tribunal (ITAT) upheld the decision of the Commissioner of Income Tax (Appeals) [CIT(A)] to sustain a 20% adhoc disallowance of direct expenditure for ...
Bullion Trader’s Demonetisation Cash Deposits Found Genuine: ITAT Deletes ₹9.24 Crore Addition u/s 68 of the Income Tax Act [Read Order]
The bench of the Income Tax Appellate Tribunal (ITAT), Lucknow, has held that cash deposits made during the demonetisation period, which were duly recorded as cash sales in the assessee’s books of...
![Bullion Trader’s Demonetisation Cash Deposits Found Genuine: ITAT Deletes ₹9.24 Crore Addition u/s 68 of the Income Tax Act [Read Order]](https://images.taxscan.in/h-upload/2025/10/15/500x300_2096821-demonetisation-cash-deposits-itat-ncome-tax-act-taxscan.webp "Bullion Trader’s Demonetisation Cash Deposits Found Genuine: ITAT Deletes ₹9.24 Crore Addition u/s 68 of the Income Tax Act [Read Order]")
Salary Earned for Services Rendered in the U.S. Not Taxable in India: ITAT directs AO to Verify TRC and Grant DTAA Relief [Read Order]
The Bench of the Income Tax Appellate Tribunal (ITAT), Chennai, held that salary earned for services rendered abroad is not taxable in India if the assessee is a non-resident, eligible for relief...
![Salary Earned for Services Rendered in the U.S. Not Taxable in India: ITAT directs AO to Verify TRC and Grant DTAA Relief [Read Order]](https://images.taxscan.in/h-upload/2025/10/15/500x300_2096726-india-us-dtaa-taxscan.webp "Salary Earned for Services Rendered in the U.S. Not Taxable in India: ITAT directs AO to Verify TRC and Grant DTAA Relief [Read Order]")