![Section 115BBE of Income Tax Act would be Applicable for Transactions Undertaken w.e.f. 1/4/2017, Not of Earlier Period, Rules ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/07/01/500x300_2057402-itat-taxscan.webp "Section 115BBE of Income Tax Act would be Applicable for Transactions Undertaken w.e.f. 1/4/2017, Not of Earlier Period, Rules ITAT [Read Order]")
Section 115BBE of Income Tax Act would be Applicable for Transactions Undertaken w.e.f. 1/4/2017, Not of Earlier Period, Rules ITAT [Read Order]
While clarifying the scope of retrospective taxation under Section 115BBE of the Income Tax Act, 1961 the Delhi Bench of the Income Tax Appellate ...
![Inadvertent Mutual Fund Investment on Different PAN Explained: ITAT finds No Misreporting or Under reporting, Directs AO to verify both PANs [Read Order]](https://images.taxscan.in/h-upload/2025/07/01/250x150_2057443-itat-delhi-mutual-fund-investment-ao-mismatch-pan-taxscan.webp "Inadvertent Mutual Fund Investment on Different PAN Explained: ITAT finds No Misreporting or Under reporting, Directs AO to verify both PANs [Read Order]")
![Reassessment u/s 148 Without Approval from Competent Authority u/s 151 is Void ab Initio: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/07/01/250x150_2057405-itat-reassessment-income-tax-act-transaction-return-filed-calcutta-hc-appeal-taxscan.webp "Reassessment u/s 148 Without Approval from Competent Authority u/s 151 is Void ab Initio: ITAT [Read Order]")
![Invoking S. 263 on Interest on Loan Disallowance While such Loan Addition Pending Before CIT(A) Invalid: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/06/30/250x150_2057065-itat-disallowance-loan-taxscan.webp "Invoking S. 263 on Interest on Loan Disallowance While such Loan Addition Pending Before CIT(A) Invalid: ITAT [Read Order]")
No Proof from Assessee, No Comparables from Income Tax Dept: ITAT cuts Ad Hoc Disallowance to 4% from 10%, Says Not to be treated as Precedent [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal ( ITAT ) has scaled down an ad hoc disallowance made by the Assessing Officer ( AO ) on various business expenses, citing lack of proper...
![No Proof from Assessee, No Comparables from Income Tax Dept: ITAT cuts Ad Hoc Disallowance to 4% from 10%, Says Not to be treated as Precedent [Read Order]](https://images.taxscan.in/h-upload/2025/06/30/500x300_2057049-itat-disallowance.webp "No Proof from Assessee, No Comparables from Income Tax Dept: ITAT cuts Ad Hoc Disallowance to 4% from 10%, Says Not to be treated as Precedent [Read Order]")
ITAT Upholds ₹2.93 Cr Interest and ₹4.01 Cr Management Expenses Deduction Citing Business Purpose u/s 36(1)(iii) and 37(1) [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal ( ITAT ) upheld the Commissioner of Income Tax (Appeals) [ CIT(A) ] order that allowed deductions of Rs. 2.93 crore in interest expenses and Rs. ...
![ITAT Upholds ₹2.93 Cr Interest and ₹4.01 Cr Management Expenses Deduction Citing Business Purpose u/s 36(1)(iii) and 37(1) [Read Order]](https://images.taxscan.in/h-upload/2025/06/30/500x300_2056951-business-purpose-itat-taxscan.webp "ITAT Upholds ₹2.93 Cr Interest and ₹4.01 Cr Management Expenses Deduction Citing Business Purpose u/s 36(1)(iii) and 37(1) [Read Order]")
No Bar on Claiming S.80P Deduction via ITR Filed u/s 142(1): ITAT Sets Aside Denial over e-Verification Delay [Read Order]
The Bengaluru Bench of the Income Tax Appellate Tribunal (ITAT) has held that the benefit of deduction under Section 80P of the Income Tax Act, 1961 cannot be denied merely on technical grounds...
![No Bar on Claiming S.80P Deduction via ITR Filed u/s 142(1): ITAT Sets Aside Denial over e-Verification Delay [Read Order]](https://images.taxscan.in/h-upload/2025/06/30/500x300_2057014-e-verification-delay.webp "No Bar on Claiming S.80P Deduction via ITR Filed u/s 142(1): ITAT Sets Aside Denial over e-Verification Delay [Read Order]")
Source of Fund of Joint Purchase of Property by Mother and Son Sufficiently Explained: ITAT Deletes ₹1.36 Cr Addition [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal ( ITAT ) deleted an addition of Rs. 1.36 crore made by the Assessing Officer ( AO ) as unexplained investment under Section 69 of the Income Tax...
![Source of Fund of Joint Purchase of Property by Mother and Son Sufficiently Explained: ITAT Deletes ₹1.36 Cr Addition [Read Order]](https://images.taxscan.in/h-upload/2025/06/30/500x300_2056965-joint-purchase-of-property.webp "Source of Fund of Joint Purchase of Property by Mother and Son Sufficiently Explained: ITAT Deletes ₹1.36 Cr Addition [Read Order]")
![Profits from Kuri Business Held Under Trust Eligible for Exemption u/s 11 of ITA: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/06/28/500x300_2055619-kuri-business.webp "Profits from Kuri Business Held Under Trust Eligible for Exemption u/s 11 of ITA: ITAT [Read Order]")
Superannuation Contribution Allowable if Paid Before Return Due Date and Fund Is Approved: ITAT [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) ruled that superannuation fund contribution is allowable as a deduction if paid before the due date of filing the return and the fund is...
![Superannuation Contribution Allowable if Paid Before Return Due Date and Fund Is Approved: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/06/28/500x300_2055572-superannuation-contribution-itat-taxscan.webp "Superannuation Contribution Allowable if Paid Before Return Due Date and Fund Is Approved: ITAT [Read Order]")
![Relief for Philips India: ITAT Upholds 30% Depreciation on Moulds Used by Exclusive Vendors [Read Order]](https://images.taxscan.in/h-upload/2025/06/28/500x300_2055568-philips-india-madras-highcourt-redo-assessment-tnvat-act-taxscan.webp "Relief for Philips India: ITAT Upholds 30% Depreciation on Moulds Used by Exclusive Vendors [Read Order]")