![STPI Unit Losses Form Part of Total Income: Madras HC allows Set-Off u/s 10A/10B of IT Act against other Profits [Read Order]](https://images.taxscan.in/h-upload/2025/12/03/500x300_2109845-stpi-total-income-madras-hc-it-act-profits-taxscan.webp "STPI Unit Losses Form Part of Total Income: Madras HC allows Set-Off u/s 10A/10B of IT Act against other Profits [Read Order]")
STPI Unit Losses Form Part of Total Income: Madras HC allows Set-Off u/s 10A/10B of IT Act against other Profits [Read Order]
The Madras High Court in a recent case of Cognizant Technology Solutions India Pvt. Ltd has ruled that losses incurred by Software Technology Parks...
![Once Income Tax Penalty Quashed for Lack of Concealment, 276C Prosecution Cannot Survive: Rajasthan HC [Read Order]](https://images.taxscan.in/h-upload/2025/11/28/250x150_2108521-income-tax-penalty-lack-concealment-prosecution-rajasthan-hc-taxscan.webp "Once Income Tax Penalty Quashed for Lack of Concealment, 276C Prosecution Cannot Survive: Rajasthan HC [Read Order]")
![Kerala HC Disallows Deduction u/s 37 for Interest on Agricultural Income Tax Payment Delays [Read Order]](https://images.taxscan.in/h-upload/2025/11/27/250x150_2108297-kerala-hc-deduction-agricultural-income-tax-payment-delays-taxscan.webp "Kerala HC Disallows Deduction u/s 37 for Interest on Agricultural Income Tax Payment Delays [Read Order]")
![Income of Association of Persons or Syndicates to be Taxed Separately from That of its Members: Supreme Court [Read Judgement]](https://images.taxscan.in/h-upload/2025/11/21/250x150_2107108-supreme-court-announces-taxscan.webp "Income of Association of Persons or Syndicates to be Taxed Separately from That of its Members: Supreme Court [Read Judgement]")
Promotional Expenses for Dealer Scheme Recognised as Liquor Business Expenditure: ITAT Deletes ₹16.22 Lakh Addition [Read Order]
The Nagpur bench of Income Tax Appellate Tribunal (ITAT) has allowed the appeal of the assessee for A.Y. 2014–15, holding that ₹16.22 lakh claimed as promotional expenses under a dealer scheme were...
![Promotional Expenses for Dealer Scheme Recognised as Liquor Business Expenditure: ITAT Deletes ₹16.22 Lakh Addition [Read Order]](https://images.taxscan.in/h-upload/2025/11/13/500x300_2104839-promotional-expenses-dealer-scheme-liquor-business-expenditure-itat-taxscan.webp "Promotional Expenses for Dealer Scheme Recognised as Liquor Business Expenditure: ITAT Deletes ₹16.22 Lakh Addition [Read Order]")
No Nexus with Employment: Karnataka HC Rules Interest on Loan Advanced to Company Not Deductible From Salary Income [Read Order]
The Karnataka High Court ruled that interest paid on a loan borrowed by an assessee and advanced to a company in which he was a Director cannot be deducted against salary income. Sri Mukesh...
![No Nexus with Employment: Karnataka HC Rules Interest on Loan Advanced to Company Not Deductible From Salary Income [Read Order]](https://images.taxscan.in/h-upload/2025/11/15/500x300_2105439-nexus-employment-karnataka-hc-rules-interest-loan-advanced-company-deductible-salary-income-txn.webp "No Nexus with Employment: Karnataka HC Rules Interest on Loan Advanced to Company Not Deductible From Salary Income [Read Order]")
CA Mistakenly Identified Sale Agreement As Sale Deed: ITAT Condones 498-Day Delay, Remands Capital Gains Matter [Read Order]
The Bangalore Bench of Income Tax AppellateTribunal ( ITAT ) condoned a delay of 498 days in filing an appeal and remanded a capital gains dispute for fresh verification, after finding that the ...
![CA Mistakenly Identified Sale Agreement As Sale Deed: ITAT Condones 498-Day Delay, Remands Capital Gains Matter [Read Order]](https://images.taxscan.in/h-upload/2025/11/03/500x300_2101893-ca-mistakenly-identified-sale-agreement-sale-deed-itat-condones-delay-remands-capital-gains-taxscan.webp "CA Mistakenly Identified Sale Agreement As Sale Deed: ITAT Condones 498-Day Delay, Remands Capital Gains Matter [Read Order]")
Delhi HC Sets Aside ITAT Order for Lack of Reasoned Findings on Functional Comparability in Transfer Pricing Case [Read Order]
The Delhi High Court has set aside an order passed by the Income Tax Appellate Tribunal (ITAT) for failing to provide adequate reasons while deciding on the functional comparability of entities in ...
![Delhi HC Sets Aside ITAT Order for Lack of Reasoned Findings on Functional Comparability in Transfer Pricing Case [Read Order]](https://images.taxscan.in/h-upload/2025/11/01/500x300_2101588-delhi-hc-itat-order-reasoned-findings-functional-comparability-transfer-pricing-case-txn.webp "Delhi HC Sets Aside ITAT Order for Lack of Reasoned Findings on Functional Comparability in Transfer Pricing Case [Read Order]")
CSR Donations Eligibility for Section 80G Deduction: ITAT Quashes PCIT Revision Order in Hapag Lloyd Matter [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal ( ITAT ) quashed the Principal Commissioner of Income Tax ( PCIT )’s revision order in Hapag Lloyd matter and restored the assessment, holding that ...
![CSR Donations Eligibility for Section 80G Deduction: ITAT Quashes PCIT Revision Order in Hapag Lloyd Matter [Read Order]](https://images.taxscan.in/h-upload/2025/10/23/500x300_2099265-csr-donations-eligibility-section-80g-deduction-itat-quashes-pcit-revision-order-hapag-lloyd-taxscan.webp "CSR Donations Eligibility for Section 80G Deduction: ITAT Quashes PCIT Revision Order in Hapag Lloyd Matter [Read Order]")
