![Mere Acceptance of SBN During Demonetization cannot be Treated as Unexplained Cash Credit when Cooperative Society Acts as Intermediary: ITAT [Read Order]](https://images.taxscan.in/h-upload/2026/02/26/2127179-mere-acceptancejpg.webp "Mere Acceptance of SBN During Demonetization cannot be Treated as Unexplained Cash Credit when Cooperative Society Acts as Intermediary: ITAT [Read Order]")
Mere Acceptance of SBN During Demonetization cannot be Treated as Unexplained Cash Credit when Cooperative Society Acts as Intermediary: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad bench, held that cooperative societies accepting the Specified BankNotes (SBNs) during the...
![Trust Expenditure to not Exceed 5% of Income for Religious Purposes: ITAT Remands Matter to CIT(E) [Read Order]](https://images.taxscan.in/h-upload/2026/02/25/2127072-trust-expenditurejpg.webp "Trust Expenditure to not Exceed 5% of Income for Religious Purposes: ITAT Remands Matter to CIT(E) [Read Order]")
![ITAT Cannot Grant S. 12A Registration Based Solely on Oral Submissions Without Evidence: Punjab & Haryana HC [Read Order]](https://images.taxscan.in/h-upload/2026/02/24/2126876-itat-registration-based-solely-on-oral-submissions-without-evidence-taxscan.webp "ITAT Cannot Grant S. 12A Registration Based Solely on Oral Submissions Without Evidence: Punjab & Haryana HC [Read Order]")
![ITAT Rules Startups Cannot Be Denied Deduction u/s 80‑IAC for Technical Error; Remits Case for Verification [Read Order]](https://images.taxscan.in/h-upload/2026/02/24/2126842-itat-rulesjpg.webp "ITAT Rules Startups Cannot Be Denied Deduction u/s 80‑IAC for Technical Error; Remits Case for Verification [Read Order]")
![Mere Inclusion of Scrip in ‘Penny Stock’ List without Material Evidence of Price Manipulation Not Justify Addition: ITAT [Read Order]](https://images.taxscan.in/h-upload/2026/02/20/2126504-penny-stock-11jpg.webp "Mere Inclusion of Scrip in ‘Penny Stock’ List without Material Evidence of Price Manipulation Not Justify Addition: ITAT [Read Order]")
Subsidy on Excise Duty is Capital Receipt, not Capital Investment: Delhi HC Holds No Nexus Between Excise Duty Paid & Cost of Machine [Read Order]
The High Court at New Delhi decided that excise duty exemption is a capital receipt and not a subsidy on capital investment, and that there exists no nexus between excise duty and cost of a particular...
![Subsidy on Excise Duty is Capital Receipt, not Capital Investment: Delhi HC Holds No Nexus Between Excise Duty Paid & Cost of Machine [Read Order]](https://images.taxscan.in/h-upload/2026/02/16/2125648-subsidy-excise-duty-capital-receipt-capital-investment-delhi-hc-holds.webp "Subsidy on Excise Duty is Capital Receipt, not Capital Investment: Delhi HC Holds No Nexus Between Excise Duty Paid & Cost of Machine [Read Order]")
![ITAT Restores Matter Regarding Disallowance of PF/ESI, Calls for Remand Report by AO [Read Order]](https://images.taxscan.in/h-upload/2026/02/15/2125239-itat-restores-regarding-disallowance-pf-esi-calls-remand-report-by-ao-taxscan.webp "ITAT Restores Matter Regarding Disallowance of PF/ESI, Calls for Remand Report by AO [Read Order]")
Gift From Mother out of FD Maturity Cannot Be Treated As Unexplained Investment: ITAT Deletes ₹1.75 Cr Addition u/s 69 [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal has held that the amount received as a gift from the mother from the maturity of fixed deposits cannot be regarded as unexplained investment...
![Gift From Mother out of FD Maturity Cannot Be Treated As Unexplained Investment: ITAT Deletes ₹1.75 Cr Addition u/s 69 [Read Order]](https://images.taxscan.in/h-upload/2026/02/14/2125121-gift-from-mother-fd-maturity-treated-as-unexplained-investment-itat-addition-us-69-taxscan.webp "Gift From Mother out of FD Maturity Cannot Be Treated As Unexplained Investment: ITAT Deletes ₹1.75 Cr Addition u/s 69 [Read Order]")
Capital Gains on Jointly Owned Property cannot be Taxed In Hands of One Co-Owner: ITAT [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that the capital gains arising from the sale of jointly owned property cannot be assessed in its entirety in the hands of one of...
![Capital Gains on Jointly Owned Property cannot be Taxed In Hands of One Co-Owner: ITAT [Read Order]](https://images.taxscan.in/h-upload/2026/02/14/2125118-capital-gains-jointly-property-cannot-taxed-hands-one-co-owner-itat-taxscan.webp "Capital Gains on Jointly Owned Property cannot be Taxed In Hands of One Co-Owner: ITAT [Read Order]")
Depreciation On Goodwill allowable Where Excess Consideration Paid For Business Acquisition: ITAT [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that depreciation can be claimed on the goodwill that arises as a result of a business acquisition where the consideration paid...
![Depreciation On Goodwill allowable Where Excess Consideration Paid For Business Acquisition: ITAT [Read Order]](https://images.taxscan.in/h-upload/2026/02/14/2125106-itat-held-that-surplus-consideration-over-asset-value-represents-goodwill-eligible-depreciation-income-tax-act-taxscan.webp "Depreciation On Goodwill allowable Where Excess Consideration Paid For Business Acquisition: ITAT [Read Order]")
ITAT Upholds 6% Profit Estimation on Alleged Bogus Diamond Purchases, Dismisses Cross Appeals [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has upheld the estimation of profit on alleged non-genuine diamond purchases and dismissed cross appeals filed by both the assessee and ...
![ITAT Upholds 6% Profit Estimation on Alleged Bogus Diamond Purchases, Dismisses Cross Appeals [Read Order]](https://images.taxscan.in/h-upload/2026/02/14/2125101-itat-upholds-profit-estimation-alleged-bogus-diamond-purchases-dismisses-cross-appeals-taxscan.webp "ITAT Upholds 6% Profit Estimation on Alleged Bogus Diamond Purchases, Dismisses Cross Appeals [Read Order]")