![Disallowance of INR 17.95 Lakh Royalty Expenses: ITAT Deletes Addition Applying Consistency Principle [Read Order]](https://images.taxscan.in/h-upload/2025/08/19/500x300_2078229-disallowance-inr-1795-lakh-royalty-expenses-itat-deletes-addition-applying-consistency-principle-taxscan.webp "Disallowance of INR 17.95 Lakh Royalty Expenses: ITAT Deletes Addition Applying Consistency Principle [Read Order]")
Disallowance of INR 17.95 Lakh Royalty Expenses: ITAT Deletes Addition Applying Consistency Principle [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal ( ITAT ) applying the consistency principle, deleted the disallowance of INR 17.95 lakh royalty...
![Seven-Year Delay in Filing Appeals Due to Trustee’s Health: Karnataka HC Dismisses Appeal as No Substantial Question of Law Arises [Read Order]](https://images.taxscan.in/h-upload/2025/08/19/250x150_2078226-law-arises-dismisses-appeal-karnataka-high-court-taxscan.webp "Seven-Year Delay in Filing Appeals Due to Trustee’s Health: Karnataka HC Dismisses Appeal as No Substantial Question of Law Arises [Read Order]")
![ITAT Holds SBI PLR Applicable for Arm’s Length Interest on INR-Denominated FCCDs [Read Order]](https://images.taxscan.in/h-upload/2025/08/19/250x150_2078152-arms-length-interest-taxscan.webp "ITAT Holds SBI PLR Applicable for Arm’s Length Interest on INR-Denominated FCCDs [Read Order]")
![Expenditure on Subsidiary for Commercial Expediency Allowable as Business Deduction: Bombay HC in Mahindra Case [Read Order]](https://images.taxscan.in/h-upload/2025/08/18/250x150_2078050-business-deduction-bombay-hc-in-mahindra-case-taxscan.webp "Expenditure on Subsidiary for Commercial Expediency Allowable as Business Deduction: Bombay HC in Mahindra Case [Read Order]")
![ITAT Grants Relief to Assessee, Orders Fresh Hearing as CIT(A) Failed to Discuss Case Merits [Read Order]](https://images.taxscan.in/h-upload/2025/08/16/250x150_2077469-itat-fresh-hearing-cita-taxscan.webp "ITAT Grants Relief to Assessee, Orders Fresh Hearing as CIT(A) Failed to Discuss Case Merits [Read Order]")
Rs.10 Cr Deposited Bank Account Treated as Unexplained: ITAT Remands Matter for Rehearing [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal ( ITAT ) remanded a case for fresh assessment where cash deposits of about ₹10 crore in the assessee’s bank account were treated as unexplained. ...
![Rs.10 Cr Deposited Bank Account Treated as Unexplained: ITAT Remands Matter for Rehearing [Read Order]](https://images.taxscan.in/h-upload/2025/08/15/500x300_2076915-deposited-bank-account-bank-account-bank-account-treated-as-unexplained-taxscan.webp "Rs.10 Cr Deposited Bank Account Treated as Unexplained: ITAT Remands Matter for Rehearing [Read Order]")
Disallowance of Delayed Employee ESI and PF Contributions: ITAT Condones Delay and Remits Matter to AO for Verification [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal ( ITAT ) condoned delay and remitted the matter to the Assessing Officer (AO ) for verification regarding the disallowance of delayed employee ...
![Disallowance of Delayed Employee ESI and PF Contributions: ITAT Condones Delay and Remits Matter to AO for Verification [Read Order]](https://images.taxscan.in/h-upload/2025/08/13/500x300_2076399-pf-esi-contribution-taxscan.webp "Disallowance of Delayed Employee ESI and PF Contributions: ITAT Condones Delay and Remits Matter to AO for Verification [Read Order]")
TDS Credit Allowable to Person in Whose Hands Income is Assessable as per Rule 37BA Income Tax Rules: ITAT [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal ( ITAT ) allows Tax Deducted at Source ( TDS ) credit to the person in whose hands the income is assessable under Rule 37BA of Income Tax...
![TDS Credit Allowable to Person in Whose Hands Income is Assessable as per Rule 37BA Income Tax Rules: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/08/13/500x300_2076396-tds-credit-tds-credit-allowable-to-person-in-whose-hands-income-taxscan.webp "TDS Credit Allowable to Person in Whose Hands Income is Assessable as per Rule 37BA Income Tax Rules: ITAT [Read Order]")
Unsigned Loose Paper Not Convincingly Explained: ITAT Restores ₹75 Lakh On-Money Addition u/s 69A to CIT(A) [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) ruled that the assessee's explanation for an unsigned loose paper found during search was not convincing and restored the Rs. 75 lakh ...
![Unsigned Loose Paper Not Convincingly Explained: ITAT Restores ₹75 Lakh On-Money Addition u/s 69A to CIT(A) [Read Order]](https://images.taxscan.in/h-upload/2025/08/13/500x300_2076349-itat-money-addition-unsigned-loose-paper-taxscan.webp "Unsigned Loose Paper Not Convincingly Explained: ITAT Restores ₹75 Lakh On-Money Addition u/s 69A to CIT(A) [Read Order]")
Legal Heir Cannot Be Expected to Explain Unexplained Bank Credits of Deceased: ITAT notes AO fails to Verify Sources, Deletes Penalty [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) deleted penalty under section 271(1)(c) of Income Tax Act,1961, holding that a legal heir cannot be expected to explain unexplained ...
![Legal Heir Cannot Be Expected to Explain Unexplained Bank Credits of Deceased: ITAT notes AO fails to Verify Sources, Deletes Penalty [Read Order]](https://images.taxscan.in/h-upload/2025/08/10/500x300_2075254-legal-heir-explain-unexplained-bank-credits-unexplained-bank-credits-taxscan.webp "Legal Heir Cannot Be Expected to Explain Unexplained Bank Credits of Deceased: ITAT notes AO fails to Verify Sources, Deletes Penalty [Read Order]")
SBN Deposits Not Unexplained Income: ITAT Deletes ₹ 17.16 Lakh Addition u/s 69A, Holds Demonetization Deposits Valid Until 31.12.2016 [Read Order]
The Bangalore Bench of the Income Tax Appellate Tribunal (ITAT) has held that deposits of Specified Bank Notes (SBNs) made during the demonetisation period cannot be treated as unexplained income...
![SBN Deposits Not Unexplained Income: ITAT Deletes ₹ 17.16 Lakh Addition u/s 69A, Holds Demonetization Deposits Valid Until 31.12.2016 [Read Order]](https://images.taxscan.in/h-upload/2025/08/10/500x300_2075225-sbn-deposits-sbn-deposits-not-unexplained-income-taxscan.webp "SBN Deposits Not Unexplained Income: ITAT Deletes ₹ 17.16 Lakh Addition u/s 69A, Holds Demonetization Deposits Valid Until 31.12.2016 [Read Order]")
![ITAT Weekly Round-up [August 2nd- August 9th]](https://images.taxscan.in/h-upload/2025/08/09/500x300_2074798-itat-weekly-roundup-taxscan.webp "ITAT Weekly Round-up [August 2nd- August 9th]")