![Not All Expenses with Enduring Benefit Qualify as Capital Expenditure: Delhi HC in Genpact Services LLC [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Enduring-Benefit-Qualify-Expenses-with-Enduring-Benefit-Qualify-Capital-Expenditure-taxscan.jpg "Not All Expenses with Enduring Benefit Qualify as Capital Expenditure: Delhi HC in Genpact Services LLC [Read Order]")
Not All Expenses with Enduring Benefit Qualify as Capital Expenditure: Delhi HC in Genpact Services LLC [Read Order]
In a recent judgment, the Delhi High Court ruled that not all expenses resulting in an enduring benefit qualify as capital expenditure and dismissed...
![No Income Tax Addition Permissible in Unabated Assessment Without Incriminating Material Found During Search u/s 132: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/income-tax-Addition-site-img.jpg "No Income Tax Addition Permissible in Unabated Assessment Without Incriminating Material Found During Search u/s 132: ITAT [Read Order]")
![5 Hearings Missed including one During Covid Period: ITAT Grants Another Chance, Restores Matter to CIT(A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Personal-Hearing-mandatory-Rectification-Application-decision-filer-Adversely-Madras-HC-taxscan.jpg "5 Hearings Missed including one During Covid Period: ITAT Grants Another Chance, Restores Matter to CIT(A) [Read Order]")
![Levy of Late Fee u/s 234E for TDS Returns Filed Prior to June 2015 Unjustified: ITAT Rules Amendment is Prospective [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/TDS-Returns-TDS-Returns-Filed-TDS-Returns-Filed-Prior-taxscan.jpg "Levy of Late Fee u/s 234E for TDS Returns Filed Prior to June 2015 Unjustified: ITAT Rules Amendment is Prospective [Read Order]")
![Mere Non-Compliance of Summons u/s 131 Not Ground for Addition u/s 68 When Evidences Furnished before AO: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Incriminating-Material-ITAT-TAXSCAN.jpg "Mere Non-Compliance of Summons u/s 131 Not Ground for Addition u/s 68 When Evidences Furnished before AO: ITAT [Read Order]")
Delayed Credit of ESI/EPF Amounts: ITAT deletes Penalty on Assessee for Technical Glitches [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal ( ITAT ) recently quashed an income tax disallowance, on observing that a one-day delay in crediting employee contributions to the Employees'...
![Delayed Credit of ESI/EPF Amounts: ITAT deletes Penalty on Assessee for Technical Glitches [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/EPF-.jpg "Delayed Credit of ESI/EPF Amounts: ITAT deletes Penalty on Assessee for Technical Glitches [Read Order]")
Loans and Interest Payment Accepted in Past Years Cannot Be Disputed Without Fresh Grounds: ITAT Deletes Additions [Read Order]
The Kolkata Bench of the Income Tax Appellate Tribunal ( ITAT ) held that interest paid on a loan cannot be disallowed merely based on suspicion. The tribunal found the addition unjustified since the...
![Loans and Interest Payment Accepted in Past Years Cannot Be Disputed Without Fresh Grounds: ITAT Deletes Additions [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/loans-and-interest-payment.jpg "Loans and Interest Payment Accepted in Past Years Cannot Be Disputed Without Fresh Grounds: ITAT Deletes Additions [Read Order]")
ITAT dismisses Revenue's Appeal as Assessee Settles Dispute under Vivad Se Vishwas Scheme, 2024 [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) dismissed an appeal filed by the Revenue against the assessee, Vipulbhai Labhubhai Patel, for the Assessment Year 2016-17 after the...
![ITAT dismisses Revenues Appeal as Assessee Settles Dispute under Vivad Se Vishwas Scheme, 2024 [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Vivad-Se-Vishwas-Scheme-ITAT-taxscan.jpg "ITAT dismisses Revenues Appeal as Assessee Settles Dispute under Vivad Se Vishwas Scheme, 2024 [Read Order]")
Income Tax Authorities Failed to Determine Whether Taxed Amount is Lottery Win or Corporate Gift: ITAT Sends Matter Back to AO for Fresh Consideration [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Ranchi Bench, has set aside an income tax demand after finding that the income tax authorities failed to clearly determine whether the taxed amount was...
![Income Tax Authorities Failed to Determine Whether Taxed Amount is Lottery Win or Corporate Gift: ITAT Sends Matter Back to AO for Fresh Consideration [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/corporate-gift-site-img.jpg "Income Tax Authorities Failed to Determine Whether Taxed Amount is Lottery Win or Corporate Gift: ITAT Sends Matter Back to AO for Fresh Consideration [Read Order]")
Loans from Subsidiary to Holding Company not Deemed Dividend u/s 2(22)(e) When Transactions are Part of Consistent Business Practice: ITAT [Read Order]
In a recent ruling, the Income Tax Appellate Tribunal ( ITAT ) Kolkata Bench has held that loans received by a holding company from its subsidiary cannot be taxed as deemed dividend under Section...
![Loans from Subsidiary to Holding Company not Deemed Dividend u/s 2(22)(e) When Transactions are Part of Consistent Business Practice: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Loans-Subsidiary-Holding-Company-taxscan.jpg "Loans from Subsidiary to Holding Company not Deemed Dividend u/s 2(22)(e) When Transactions are Part of Consistent Business Practice: ITAT [Read Order]")
Bombay HC Rules Basis for Infrastructure Fee Deduction Must Be Actual Receipts, Not Gross Advertising Bills [Read Order]
In a recent ruling, the Bombay High Court ruled that infrastructure fee deductions under the Income Tax Act must be calculated based on actual advertising receipts and not on gross advertising bills....
![Bombay HC Rules Basis for Infrastructure Fee Deduction Must Be Actual Receipts, Not Gross Advertising Bills [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Infrastructure-Fee-Deduction-high-court-taxscan.jpg "Bombay HC Rules Basis for Infrastructure Fee Deduction Must Be Actual Receipts, Not Gross Advertising Bills [Read Order]")
Sikkimese Identity Alone Not Sufficient for S.10(26AAA) Exemption, All Conditions Must Be Verified: ITAT [Read Order]
The Kolkata Bench of the Income Tax Appellate Tribunal ( ITAT ) has set aside an order that granted exemption under Section 10(26AAA) of the Income Tax Act, 1961 and ruled that all statutory...
![Sikkimese Identity Alone Not Sufficient for S.10(26AAA) Exemption, All Conditions Must Be Verified: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Undue-Benefit-Tax-Payer-Tax-ITAT-Taxscan.jpg.webp "Sikkimese Identity Alone Not Sufficient for S.10(26AAA) Exemption, All Conditions Must Be Verified: ITAT [Read Order]")