![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]")
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...
![CSR Donations Eligibility for Section 80G Deduction: ITAT Quashes PCIT Revision Order in Hapag Lloyd Matter [Read Order]](https://images.taxscan.in/h-upload/2025/10/23/250x150_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]")
![Inadequate Inquiry into Loan Repayment renders Assessment Erroneous: ITAT upholds Revision [Read Order]](https://images.taxscan.in/h-upload/2025/10/14/250x150_2096672-inadequate-inquiry-loan-repayment-assessment-erroneous-itat-revision-taxscan.webp "Inadequate Inquiry into Loan Repayment renders Assessment Erroneous: ITAT upholds Revision [Read Order]")
Rs. 20k Incremental Rent Paid to Related Party Disallowed as Excess u/s 40A(2)(b): ITAT Remits for Documentary Verification [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal remitted a matter of disallowance of incremental rent paid under Section 40(2)(b) to the related party for documentary verification. The...
![Rs. 20k Incremental Rent Paid to Related Party Disallowed as Excess u/s 40A(2)(b): ITAT Remits for Documentary Verification [Read Order]](https://images.taxscan.in/h-upload/2025/10/14/500x300_2096664-incremental-paid-disallowed-excess-us-40a2b-itat-documentary-verification-taxscan.webp "Rs. 20k Incremental Rent Paid to Related Party Disallowed as Excess u/s 40A(2)(b): ITAT Remits for Documentary Verification [Read Order]")
Real Expenditure on Goods Received Despite Fictitious Invoices: ITAT Restricts Bogus Purchases Disallowance to 25% [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal ( ITAT ) restricted bogus purchase allowance to 25% on the ground that there was real expenditure on the goods received even though the invoices...
![Real Expenditure on Goods Received Despite Fictitious Invoices: ITAT Restricts Bogus Purchases Disallowance to 25% [Read Order]](https://images.taxscan.in/h-upload/2025/10/14/500x300_2096646-real-expenditure-goods-received-despite-invoices-itat-bogus-purchases-disallowance-taxscan.webp "Real Expenditure on Goods Received Despite Fictitious Invoices: ITAT Restricts Bogus Purchases Disallowance to 25% [Read Order]")
CJI Gavai Lauds ITAT’s Justice Delivery Role, Warns of Rs. 6.85 Lakh Crore Backlog and Calls for Structural Reforms
Chief Justice of India, Justice B R Gavai, recently emphasized the critical role played by the Income Tax Appellate Tribunal (ITAT) in India's justice delivery system while highlighting the urgent...
Relief for Charles River Laboratories Inc: Karnataka HC Rejects Revenue’s Appeal on FTS Taxability Under India-USA DTAA Citing Tax Effect Below ₹2 Crore [Read Order]
The High Court of Karnataka, granted relief to Charles River Laboratories Inc. by rejecting the Revenue's appeal, citing that the tax effect was below ₹2 crore, in a case concerning the taxability...
![Relief for Charles River Laboratories Inc: Karnataka HC Rejects Revenue’s Appeal on FTS Taxability Under India-USA DTAA Citing Tax Effect Below ₹2 Crore [Read Order]](https://images.taxscan.in/h-upload/2025/10/04/500x300_2093751-karnataka-hc-tax-case-charles-river-laboratories.webp "Relief for Charles River Laboratories Inc: Karnataka HC Rejects Revenue’s Appeal on FTS Taxability Under India-USA DTAA Citing Tax Effect Below ₹2 Crore [Read Order]")
Accommodation Entry Share Sale Treated as Unexplained Income u/s 69: ITAT Deletes Addition, Finds Actual Profit Only Rs. 842 [Read Order]
The Nagpur Bench of Income Tax AppellateTribunal ( ITAT ) deleted an addition under section 69 of Income Tax Act,1961 in an alleged accommodation entry share sale, finding that the actual profit was...
![Accommodation Entry Share Sale Treated as Unexplained Income u/s 69: ITAT Deletes Addition, Finds Actual Profit Only Rs. 842 [Read Order]](https://images.taxscan.in/h-upload/2025/09/28/500x300_2091875-accommodation-entry-share-sale-treated-unexplained-income-us-69-itat-finds-actual-profit-taxscan.webp "Accommodation Entry Share Sale Treated as Unexplained Income u/s 69: ITAT Deletes Addition, Finds Actual Profit Only Rs. 842 [Read Order]")
ITRs, Cash Books & Bank Records Proved Income: Delhi HC Upholds Income Tax Deletion of ₹2.8 Cr Demonetization Cash Addition [Read Order]
The Delhi High Court recently upheld the deletion of an income tax addition of ₹2.8 crore on cash deposits that were made during the demonetization period, holding that the assessee had...
![ITRs, Cash Books & Bank Records Proved Income: Delhi HC Upholds Income Tax Deletion of ₹2.8 Cr Demonetization Cash Addition [Read Order]](https://images.taxscan.in/h-upload/2025/09/26/500x300_2091317-demonetization-itat-cash-deposits-taxscan.webp "ITRs, Cash Books & Bank Records Proved Income: Delhi HC Upholds Income Tax Deletion of ₹2.8 Cr Demonetization Cash Addition [Read Order]")