Loan Treated as Deemed Dividend u/s 2(22)(e): ITAT Sets Aside CIT(A) Order
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) set aside the order passed by the Commissioner of Income Tax (Appeals)[CIT(A)], where a...
![Explanation 2 to S. 263 Doesn’t Give Unfettered Revision Powers: ITAT Quashes PCIT’s Order [Read Order]](https://images.taxscan.in/h-upload/2025/06/05/2041338-itat-itat-jaipur-2-to-s-263-itat-taxscan.webp "Explanation 2 to S. 263 Doesn’t Give Unfettered Revision Powers: ITAT Quashes PCIT’s Order [Read Order]")
![ITAT Confirms Legitimacy of Aries Agro’s Cash Deposits During Demonetisation Citing Clear and Verified Records [Read Order]](https://images.taxscan.in/h-upload/2025/06/05/2041337-aries-agro-ltd.webp "ITAT Confirms Legitimacy of Aries Agro’s Cash Deposits During Demonetisation Citing Clear and Verified Records [Read Order]")
![AO’s Action Based on ADIT Report Equals ‘Borrowed Satisfaction’: ITAT Quashes Reassessment Proceedings [Read Order]](https://images.taxscan.in/h-upload/2025/06/04/2041273-reassessment-proceedings-itat-delhi-taxscan.webp "AO’s Action Based on ADIT Report Equals ‘Borrowed Satisfaction’: ITAT Quashes Reassessment Proceedings [Read Order]")
ITAT Directs AO to Verify R&D Expense Allocation for Piramal Enterprises Amid Unproven Link to Baddi Unit’s Manufacturing [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) directed the Assessing Officer (AO) to verify the allocation of research and development (R&D) expenses claimed by Piramal Enterprises...
![ITAT Directs AO to Verify R&D Expense Allocation for Piramal Enterprises Amid Unproven Link to Baddi Unit’s Manufacturing [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/06/Piramal-Enterprises.jpg "ITAT Directs AO to Verify R&D Expense Allocation for Piramal Enterprises Amid Unproven Link to Baddi Unit’s Manufacturing [Read Order]")
PCIT Revises order of AO on Goodwill Depreciation and Loan Transaction: ITAT Overturns Order citing Verified Transaction [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal ( ITAT ) has set aside the revisionary order passed by the Principal Commissioner of Income Tax ( PCIT ), affirming the genuineness of...
![PCIT Revises order of AO on Goodwill Depreciation and Loan Transaction: ITAT Overturns Order citing Verified Transaction [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/06/Loan-Transaction.jpg "PCIT Revises order of AO on Goodwill Depreciation and Loan Transaction: ITAT Overturns Order citing Verified Transaction [Read Order]")
AO computes Net STCG for Non-STT: ITAT Allows Set-Off Against Non-STT Gains for US Resident [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal ( ITAT ) allowed the set-off of short-term capital losses ( STCL ) subject to Securities Transaction Tax ( STT ) against short-term capital gains...
![AO computes Net STCG for Non-STT: ITAT Allows Set-Off Against Non-STT Gains for US Resident [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/06/short-term-capital-gain.jpg "AO computes Net STCG for Non-STT: ITAT Allows Set-Off Against Non-STT Gains for US Resident [Read Order]")
No Basis for Cooperative Bank Status: ITAT Restores Society Status and Remands Disallowance Matter [Read Order]
The Kolkata Bench of the Income Tax Appellate Tribunal (ITAT) restored its status as a Cooperative Society under the Income Tax Act, 1961, and set aside the Assessing Officer’s (AO) classification of...
![No Basis for Cooperative Bank Status: ITAT Restores Society Status and Remands Disallowance Matter [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/06/ITAT-Cooperative-bank-Taxscan.jpg "No Basis for Cooperative Bank Status: ITAT Restores Society Status and Remands Disallowance Matter [Read Order]")
S.14A Disallowance under Income Tax Valid Only on Investments Earning Exempt Income: ITAT in Jindal Pipes' Matter [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal(ITAT) ruled that disallowance under Section 14A of Income Tax Act,1961 is valid only on investments that actually earn exempt income, rejecting the...
![S.14A Disallowance under Income Tax Valid Only on Investments Earning Exempt Income: ITAT in Jindal Pipes Matter [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/06/Disallowance-Income-Tax-taxscan.jpg "S.14A Disallowance under Income Tax Valid Only on Investments Earning Exempt Income: ITAT in Jindal Pipes Matter [Read Order]")
No TDS was required to be deducted from Payment EDC made to HUDA: Delhi HC Allows Appeal [Read Order]
The Delhi High Court has held that TDS was required to be deducted from external development charges [EDC] payment made to Haryana Urban Development Authority [HUDA] Swiftrans International Pvt....
![The Delhi High Court has held that TDS was required to be deducted from external development charges [EDC] payment made to Haryana Urban](https://www.taxscan.in/wp-content/uploads/2025/06/TDS-EDC-TAXSCAN.jpg "The Delhi High Court has held that TDS was required to be deducted from external development charges [EDC] payment made to Haryana Urban")
Unexplained Cash Deposit of ₹12.02 Lakh in Second PAN Account: ITAT Upholds Addition for Lack of Corroborative Evidence [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal ( ITAT ) upheld the addition of unexplained cash deposits amounting to ₹12.02 lakh in a bank account linked to a second Permanent Account Number...
![Unexplained Cash Deposit of ₹12.02 Lakh in Second PAN Account: ITAT Upholds Addition for Lack of Corroborative Evidence [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/06/cash-deposit-ITAT-Taxscan.jpg "Unexplained Cash Deposit of ₹12.02 Lakh in Second PAN Account: ITAT Upholds Addition for Lack of Corroborative Evidence [Read Order]")