![MAT Adjustment Must Be Based on Lower of Business Loss or Depreciation: ITAT Dismisses Appeal of Sungroup Enterprises [Read Order]](https://images.taxscan.in/h-upload/2025/10/21/500x300_2098829-sungroup-enterprises-itat-new-delhi-mat-adjustment-taxscan.webp "MAT Adjustment Must Be Based on Lower of Business Loss or Depreciation: ITAT Dismisses Appeal of Sungroup Enterprises [Read Order]")
MAT Adjustment Must Be Based on Lower of Business Loss or Depreciation: ITAT Dismisses Appeal of Sungroup Enterprises [Read Order]
The Bench of the Income Tax Appellate Tribunal (ITAT), New Delhi, held that the lower of the unabsorbed depreciation or business loss, as per the...
![Addition of Rs. 76.10 Lakh on Alleged Bogus Purchases u/s 69C: ITAT Directs Addition at 5% GP on Verified Purchases [Read Order]](https://images.taxscan.in/h-upload/2025/10/17/250x150_2097378-alleged-bogus-purchases-bogus-purchases-itat-verified-purchases-taxscan.webp "Addition of Rs. 76.10 Lakh on Alleged Bogus Purchases u/s 69C: ITAT Directs Addition at 5% GP on Verified Purchases [Read Order]")
![ITAT Deletes Addition of Rs. 5,30,252, Holds Agricultural Income cannot be Determined on Assumptions [Read Order]](https://images.taxscan.in/h-upload/2025/10/17/250x150_2097365-itat-agricultural-income-determined-on-assumptions-holds-agricultural-income-taxscan.webp "ITAT Deletes Addition of Rs. 5,30,252, Holds Agricultural Income cannot be Determined on Assumptions [Read Order]")
![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/2025/10/16/250x150_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]")
![Disallowance Invalid When Amount Not Charged to P&L: ITAT deletes ₹25.55 Lakh WIP Addition Citing Presumption Basis [Read Order]](https://images.taxscan.in/h-upload/2025/10/16/250x150_2097124-disallowance-charged-to-pl-itat-wip-addition-citing-wip-additio-taxscan.webp "Disallowance Invalid When Amount Not Charged to P&L: ITAT deletes ₹25.55 Lakh WIP Addition Citing Presumption Basis [Read Order]")
ITAT grants Dual Relief to Bennett Coleman: Deletes ₹6.26 Crore Disallowance and Allows Indexation Benefit on STT Paid Securities [Read Order]
The appeal was filed by Bennett Coleman & Co. Ltd., who is engaged in the business of buying and selling media properties, against the order dated 27 March 2024 passed by the Commissioner of...
![ITAT grants Dual Relief to Bennett Coleman: Deletes ₹6.26 Crore Disallowance and Allows Indexation Benefit on STT Paid Securities [Read Order]](https://images.taxscan.in/h-upload/2025/10/15/500x300_2096911-itat-grants-dual-relief-to-bennett-coleman-disallowance-taxscan.webp "ITAT grants Dual Relief to Bennett Coleman: Deletes ₹6.26 Crore Disallowance and Allows Indexation Benefit on STT Paid Securities [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 ...
AO's Incomplete Consideration of Member Categories Invalidates Disallowance: ITAT Remands Matter [Read Order]
The Visakhapatnam Bench of the Income Tax Appellate Tribunal (ITAT) remanded the matter to the Assessing Officer (AO) stating that the AO had failed to consider the different categories of members ...
![AOs Incomplete Consideration of Member Categories Invalidates Disallowance: ITAT Remands Matter [Read Order]](https://images.taxscan.in/h-upload/2025/10/15/500x300_2096892-disallowance-itat-visakhapatnam-itat-remands-taxscan.webp "AOs Incomplete Consideration of Member Categories Invalidates Disallowance: ITAT Remands Matter [Read Order]")
ITAT Dismisses Income Tax Department's Case for Having Tax Effect Less Than ₹60,00,000: Notes Contravention of CBDT Circular [Read Order]
The Kolkata Bench of the Income Tax Appellate Tribunal recently dismissed an appeal filed by the Income Tax Department, noting that the appeal had a tax effect of less than ₹60,00,000 and was thus...
![ITAT Dismisses Income Tax Departments Case for Having Tax Effect Less Than ₹60,00,000: Notes Contravention of CBDT Circular [Read Order]](https://images.taxscan.in/h-upload/2025/10/10/500x300_2095384-2041190-gst-officers-directed-ex-parte-sales-tax-bar-association-summer-break-delhi-tax-dept-taxscan.webp "ITAT Dismisses Income Tax Departments Case for Having Tax Effect Less Than ₹60,00,000: Notes Contravention of CBDT Circular [Read Order]")
Profit from Shop Sale Disputed as Business or Capital Gain: ITAT Remits Matter to AO to Verify and Reconsider Partners Salary [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal ( ITAT ) remitted the matter to the Assessing Officer (AO) to examine whether the profit from the sale of a shop should be treated as business...
![Profit from Shop Sale Disputed as Business or Capital Gain: ITAT Remits Matter to AO to Verify and Reconsider Partners Salary [Read Order]](https://images.taxscan.in/h-upload/2025/10/09/500x300_2095215-profit-from-shop-sale-shop-sale-business-or-capital-gain-capital-gain-taxscan.webp "Profit from Shop Sale Disputed as Business or Capital Gain: ITAT Remits Matter to AO to Verify and Reconsider Partners Salary [Read Order]")
![ITAT Raps CIT(A) for Skipping Merits, Restores Trader’s Appeal for Fresh Hearing [Read Order]](https://images.taxscan.in/h-upload/2025/10/09/500x300_2095150-tax1.webp "ITAT Raps CIT(A) for Skipping Merits, Restores Trader’s Appeal for Fresh Hearing [Read Order]")