![S.144C DRP Proceedings Cannot Extend Limitation u/s 153: ITAT Quashes Time-Barred Income Tax Assessment in Motorola Case [Read Order]](https://images.taxscan.in/h-upload/2026/01/24/500x300_2121764-income-tax-assessment-in-motorola-case-taxscan.jfif "S.144C DRP Proceedings Cannot Extend Limitation u/s 153: ITAT Quashes Time-Barred Income Tax Assessment in Motorola Case [Read Order]")
S.144C DRP Proceedings Cannot Extend Limitation u/s 153: ITAT Quashes Time-Barred Income Tax Assessment in Motorola Case [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) held that proceedings undertaken by Dispute Resolution Panel (DRP) under Section 144C of...
![Natural Justice Breach in Faceless Assessment: Delhi HC Nullifies AO’s Order, Directs CBDT to Fix DRP Procedure [Read Order]](https://images.taxscan.in/h-upload/2026/01/22/250x150_2121381-natural-justice-breach-faceless-assessment-delhi-hc-nullifies-aos-order-directs-cbdt-drp-procedure-taxscan.webp "Natural Justice Breach in Faceless Assessment: Delhi HC Nullifies AO’s Order, Directs CBDT to Fix DRP Procedure [Read Order]")
![Manufacturing Entity Fails to Qualify 75% Trading Turnover Filter: ITAT Orders Deletion of Comparable [Read Order]](https://images.taxscan.in/h-upload/2026/01/11/250x150_2118331-manufacturing-entity-trading-turnover-itat-orders-taxscan.webp "Manufacturing Entity Fails to Qualify 75% Trading Turnover Filter: ITAT Orders Deletion of Comparable [Read Order]")
![Income Tax Final Assessment Passed While DRP Objections Still Pending: Gujarat HC Quashes Order for S. 144C Violation [Read Order]](https://images.taxscan.in/h-upload/2026/01/03/250x150_2116896-income-tax-final-assessment-passed-drp-objections-pending-gujarat-hc-order-s144c-violation-taxscan.webp "Income Tax Final Assessment Passed While DRP Objections Still Pending: Gujarat HC Quashes Order for S. 144C Violation [Read Order]")
![Annual Income Tax Case Digest: ITAT Decisions 2025 [Part XVI]](https://images.taxscan.in/h-upload/2025/12/27/250x150_2115245-annual-income-tax-case-digest-itat-decisions-2025-part-xvi-taxscan.webp "Annual Income Tax Case Digest: ITAT Decisions 2025 [Part XVI]")
Provision for Warranty Not Contingent when Based on Scientific Method: ITAT Directs AO to allow Correct Deduction [Read Order]
The Bangalore Bench of the Income Tax Appellate Tribunal (ITAT) ruled that a provision for warranty is not a contingent liability and should be allowed as a deduction when made on a scientific...
![Provision for Warranty Not Contingent when Based on Scientific Method: ITAT Directs AO to allow Correct Deduction [Read Order]](https://images.taxscan.in/h-upload/2025/12/20/500x300_2113411-provision-warranty-contingent-based-scientific-method-itat-directs-ao-allow-correct-deduction-taxscan.webp "Provision for Warranty Not Contingent when Based on Scientific Method: ITAT Directs AO to allow Correct Deduction [Read Order]")
Loss from Currency Derivatives Held as Speculative Transaction, Not Business: ITAT Upholds ₹4.05 Cr Foreign Exchange Loss and Brokerage Disallowance [Read Order]
The Delhi Bench of the Income Tax AppellateTribunal (ITAT) has confirmed the disallowance of foreign exchange losses amounting to ₹4,05,61,649 and ruled that the loss incurred on currency ...
![Loss from Currency Derivatives Held as Speculative Transaction, Not Business: ITAT Upholds ₹4.05 Cr Foreign Exchange Loss and Brokerage Disallowance [Read Order]](https://images.taxscan.in/h-upload/2025/12/19/500x300_2113255-loss-currency-derivatives-held-speculative-transaction-business-itat-upholds-foreign-exchange-loss-brokerage-disallowance-taxscan.webp "Loss from Currency Derivatives Held as Speculative Transaction, Not Business: ITAT Upholds ₹4.05 Cr Foreign Exchange Loss and Brokerage Disallowance [Read Order]")
Royalty and FTS Taxable on Receipt Basis Only: ITAT Follows Consistent Precedent in Favour of Siemens AG [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has reaffirmed that Siemens Aktiengesellschaft (Siemens AG), a tax resident of Germany, is liable to tax on royalty and fees for...
![Royalty and FTS Taxable on Receipt Basis Only: ITAT Follows Consistent Precedent in Favour of Siemens AG [Read Order]](https://images.taxscan.in/h-upload/2025/10/29/500x300_2100680-siemens-itat-taxscan.webp "Royalty and FTS Taxable on Receipt Basis Only: ITAT Follows Consistent Precedent in Favour of Siemens AG [Read Order]")
Is DRP Procedure Bound by Time Limitation u/s.153? Split Verdict Leads Supreme Court Division Bench to Urge CJI to Form Specific Bench [Read Judgement]
The Supreme Court of India recently delivered a split verdict on whether the Dispute Resolution Panel (DRP) process under Section 144C of the Income Tax Act, 1961 must be completed within the...
![Is DRP Procedure Bound by Time Limitation u/s.153? Split Verdict Leads Supreme Court Division Bench to Urge CJI to Form Specific Bench [Read Judgement]](https://images.taxscan.in/h-upload/2025/08/11/500x300_2075691-supreme-court-taxscan.webp "Is DRP Procedure Bound by Time Limitation u/s.153? Split Verdict Leads Supreme Court Division Bench to Urge CJI to Form Specific Bench [Read Judgement]")
Assessee Not Informed AO about Income Tax Assessment Objections Pending before DRP: Bombay HC Slaps ₹10,000 Cost on Petitioner [Read Order]
The Bombay High Court recently quashed a final assessment order and remitted the matter to the Dispute Resolution Panel (DRP), noting that the petitioner had filed objections to the draft assessment...
![Assessee Not Informed AO about Income Tax Assessment Objections Pending before DRP: Bombay HC Slaps ₹10,000 Cost on Petitioner [Read Order]](https://images.taxscan.in/h-upload/2025/06/11/500x300_2042549-income-tax-assessment-ao-assessee-bombay-hc-taxscan.webp "Assessee Not Informed AO about Income Tax Assessment Objections Pending before DRP: Bombay HC Slaps ₹10,000 Cost on Petitioner [Read Order]")
Partial Relief for Piaggio: ITAT Directs Fresh TP Verification Due to Incorrect Uniform Margin Application on Exports [Read Order]
The Pune Bench of Income Tax Appellate Tribunal ( ITAT ) granted partial relief to Piaggio Vehicles Pvt. Ltd. by directing fresh transfer pricing verification, citing incorrect application of a...
![Partial Relief for Piaggio: ITAT Directs Fresh TP Verification Due to Incorrect Uniform Margin Application on Exports [Read Order]](https://images.taxscan.in/h-upload/2025/06/05/500x300_2041319-piaggio-itat-taxscan.webp "Partial Relief for Piaggio: ITAT Directs Fresh TP Verification Due to Incorrect Uniform Margin Application on Exports [Read Order]")
Applicability of MAP-Determined ALP to Non-US AEs: ITAT Directs TPO to Conduct Fresh TP Study [Read Order]
The Bangalore Bench of Income Tax Appellate Tribunal (ITAT)directed the Transfer Pricing Officer (TPO) to conduct a fresh transfer pricing (TP) study on the applicability of the arm's length price...
![Applicability of MAP-Determined ALP to Non-US AEs: ITAT Directs TPO to Conduct Fresh TP Study [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/TAT-ITAT-Bangalore-TPO-MAP-TP-Study-taxscan.jpg "Applicability of MAP-Determined ALP to Non-US AEs: ITAT Directs TPO to Conduct Fresh TP Study [Read Order]")