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TDS Disallowance Unsustainable on Inter-Branch Adjustment Entries & Partner Remuneration: ITAT Grants ₹12.79 Lakh Relief to CA Firm [Read Order]

The Income Tax Appellate Tribunal (ITAT) Mumbai Bench deleted a disallowance of ₹12.79 lakh made under Section 40(a)(ia) of the Income Tax Act 1961...

Disallowance u/s 14A Unsustainable Without Recording of Proper Satisfaction: ITAT sets aside...

Maruti Suzuki Receives ₹5,786 Crore Draft Income Tax Order, Dept Proposes Disallowances and...

No Disallowance u/s 14A Where No Exempt Income Earned: ITAT Upholds Deletion of ₹15.42 Cr Addition...

ITAT Remands S. 14A Disallowance on Mutual Fund Investments for Fresh Verification, partly allowing...

Double Disallowance Not Permissible: Delhi HC Directs Rectification of ₹1.37 Cr Demand on Portronics [Read Order]

The Delhi High Court ruled that a demand arising from a double disallowance caused by a technical error in the income tax return cannot be sustained and must be rectified, and restrained recovery...

Schedule BP Adjustment Ignored: ITAT Sets Aside ₹33.83 Cr Disallowance u/s. 37 & MAT Addition u/s. 115JB [Read Order]

set aside a disallowance of ₹33.83 crore made under Section 37 of the Income TaxAct, 1961, along with the corresponding addition to book profits under Section 115JB, after noting that the Assessing...

Mistaken Self-Disallowance u/S.36 in Income tax Return Can Be Rectified: ITAT Orders Fresh Review [Read Order]

The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) observed an inadvertent self-disallowance made by a taxpayer in the return of income cannot be treated as final if it does not reflect...

Purchases Disallowed Merely Because Suppliers Failed to File ITR: ITAT Rejects Disallowance [Read Order]

The Income Tax Appellate Tribunal, Mumbai Bench (ITAT), held that purchase expenditure cannot be disallowed solely on the ground that suppliers failed to file their Income Tax Returns (ITRs). The...

ITAT Weekly Round-up

This weekly round-up encapsulates the key stories related to the Income Tax Appellate Tribunal (ITAT) reported at Taxscan during the previous week, from December 29, 2025 to January 3, 2025. No...

No Presumptive Disallowance u/s 14A: ITAT Deletes ₹118.68 Cr Addition Against Great Eastern Spinning [Read Order]

The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) ruled that disallowance under Section 14A of the Income Tax Act, 1961 cannot be based upon presumptions and that the Assessing Officer (AO)...

No 115JB Adjustment for Section 14A: ITAT Upholds CIT(A)'s ₹71 Lakh Cap [Read Order]

The Mumbai Bench of Income Tax Appellate Tribunal (ITAT), held that no adjustment under Section 115JB relating to disallowance under Section 14A of the IncomeTax Act, 1961 can be made while...