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Extrapolation Not Permitted in Income Tax Search Assessment Proceedings: ITAT rules Order Unsubstantiated, allows Appeal [Read Order]

The Income Tax Appellate Tribunal ( ITAT ), Chandigarh Bench, has recently held an order which had extrapolated reasonings unsubstantiated. The...

How NRI Income will be Determined: Key Takeaways from Income Tax Draft Rules

Income Tax Addition Solely Based on Pendrive Data Seized from Third Party not Sustainable: ITAT...

ITAT Upholds Revision Order Against Ambuja Cements, Flags Unverified INSIGHT Portal Inputs on...

Taxpayer Cannot Demand Entire Material at S. 148A(b) Stage, “Information” Means Concise Details:...

Selective Comparison of Expense Heads across AYs Cannot Justify Disallowance without Evidence: ITAT [Read Order]

The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that an Assessing Officer cannot make ad hoc disallowances merely by selectively comparing higher expenses under certain heads...

ITAT Deletes Additions Made Solely on Basis of Third-Party Information, Grants Relief to Assessee

The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has deleted additions made solely on third-party information without independent verification by the Assessing Officer, finding it ...

CIT(A)’s Order is Unjust and Unfair: ITAT Restores ₹14.25 Cr Addition u/s 56(2)(viib) After Rejecting DCF Valuation [Read Order]

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has allowed the Revenue’s appeal and restored an addition of over ₹14.25 crore made under Section 56(2)(viib) of the Income Tax Act, 1961,...

Why Income Tax Notices Now Harder to Challenge on Technical Grounds: Finance Bill 2026

For many Indian taxpayers, an income-tax notice triggers anxiety and legal uncertainty. For years, taxpayers and courts focused not only on tax liability but also on procedural and technical...

ITAT Condones 63 Day-Delayed Appeal due to Hospitalization, Remands ₹67L Income Tax Deduction Claim u/s 80IB [Read Order]

The Income Tax Appellate Tribunal (ITAT), Jodhpur Bench, condoned a delay of 63 days in filing the appeal and set aside the impugned order of the Commissioner of Income Tax (Appeals) ( CIT(A) )...

What to do When NRI recieved Income Tax Notice in India

An Income Tax notice in India creates stress for many NRIs, but it does not mean guilt. A notice means the Income Tax Department needs data, documents, or an explanation. If you act fast and present...

Budget 2026 Clarifies S.92CA: 60 Days Time Limit for TP Orders Codified [Read Finance Bill 2026]

The Union Budget for the Financial Year 2026-2027 presented by Finance Minister Nirmala Sitharaman has finally provided clarity on the calculation of the 60-day limit to issue orders under Section...

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