![Residential Status of Ex-Flipkart COO: ITAT Upholds Assessment Treating Him as Resident of India Under Income Tax Act and India-Singapore DTAA [Read Order]](https://images.taxscan.in/h-upload/2026/02/04/500x300_2123743-residential-status-ex-flipkart-coo-itat-upholds-assessment-treating-him-resident-india-under-income-tax-act-india-singapore-dtaa-taxscan.webp "Residential Status of Ex-Flipkart COO: ITAT Upholds Assessment Treating Him as Resident of India Under Income Tax Act and India-Singapore DTAA [Read Order]")
Residential Status of Ex-Flipkart COO: ITAT Upholds Assessment Treating Him as Resident of India Under Income Tax Act and India-Singapore DTAA [Read Order]
In a recent development, the Bangalore Benchof Income Tax Appellate Tribunal (ITAT) zeroed in on the issue of residential status of Binny Bansal in...
![Annual Income Tax Case Digest: ITAT Decisions 2025 [Part V]](https://images.taxscan.in/h-upload/2025/12/23/250x150_2114331-annual-income-tax-case-digest-itat-decisions-2025-part-v.webp "Annual Income Tax Case Digest: ITAT Decisions 2025 [Part V]")
![Meals, Transport & Courier Expenses not Part of “Transfer of House Property”: ITAT Rejects NRI’s Income Tax Deduction Claims [Read Order]](https://images.taxscan.in/h-upload/2025/11/18/250x150_2106243-transport-courier-expenses-itat-courier-expenses-transport-taxscan.webp "Meals, Transport & Courier Expenses not Part of “Transfer of House Property”: ITAT Rejects NRI’s Income Tax Deduction Claims [Read Order]")
![Permanent Fixtures become Part and Parcel of Building: ITAT Allows ₹20L Income Tax deductions to Senior Citizen on Total Improvement Cost [Read Order]](https://images.taxscan.in/h-upload/2025/11/18/250x150_2106221-itat-bengaluru-permanent-fixtures-income-tax-deductions-total-improvement-cost-taxscan.webp "Permanent Fixtures become Part and Parcel of Building: ITAT Allows ₹20L Income Tax deductions to Senior Citizen on Total Improvement Cost [Read Order]")
No Bar on Claiming S.80P Deduction via ITR Filed u/s 142(1): ITAT Sets Aside Denial over e-Verification Delay [Read Order]
The Bengaluru Bench of the Income Tax Appellate Tribunal (ITAT) has held that the benefit of deduction under Section 80P of the Income Tax Act, 1961 cannot be denied merely on technical grounds...
![No Bar on Claiming S.80P Deduction via ITR Filed u/s 142(1): ITAT Sets Aside Denial over e-Verification Delay [Read Order]](https://images.taxscan.in/h-upload/2025/06/30/500x300_2057014-e-verification-delay.webp "No Bar on Claiming S.80P Deduction via ITR Filed u/s 142(1): ITAT Sets Aside Denial over e-Verification Delay [Read Order]")
Penalty u/s 270A for Misreporting without Proper Charge Specification Invalid: ITAT Deletes Rs. 38.05 Lakh Penalty [Read Order]
The Bangalore Bench of the Income Tax Appellate Tribunal (ITAT)deleted the penalty of Rs. 38.05 lakh imposed on the assessee due to the failure of the Assessing Officer (AO) to clearly specify the...
![Penalty u/s 270A for Misreporting without Proper Charge Specification Invalid: ITAT Deletes Rs. 38.05 Lakh Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Penalty-Penalty-Section-270A-Misreporting-without-Proper-Charge-Specification-Invalid-Proper-Charge-Specification-taxscan.jpg "Penalty u/s 270A for Misreporting without Proper Charge Specification Invalid: ITAT Deletes Rs. 38.05 Lakh Penalty [Read Order]")
AI proposes, Tribunal Disposes! Bengaluru ITAT Bench in Soup after AI-generated Order cites non-existent Cases [Read Order]
In a shockingly interesting incident, the Bengaluru bench of the Income Tax Appellate Tribunal (ITAT) was forced to withdraw a tax ruling after discovering that it was based on legal precedents that...
![AI proposes, Tribunal Disposes! Bengaluru ITAT Bench in Soup after AI-generated Order cites non-existent Cases [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-ITAT-Bengaluru-AI-generated-Order-ITAT-Bengaluru-AI-generated-order-case-TAXSCAN.jpg "AI proposes, Tribunal Disposes! Bengaluru ITAT Bench in Soup after AI-generated Order cites non-existent Cases [Read Order]")
Additional Income from Cash and Excess Stock to be Taxed as Business Income, Not Unexplained Investment u/s 69A: ITAT [Read Order]
The Bangalore Bench of Income Tax Appellate Tribunal (ITAT) ruled that additional income from excess cash and stock found during the search should be taxed as business income instead of unexplained...
![Additional Income from Cash and Excess Stock to be Taxed as Business Income, Not Unexplained Investment u/s 69A: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-Bengaluru-ITAT-Excess-Stock-Taxed-as-Business-Income-Taxscan.jpg "Additional Income from Cash and Excess Stock to be Taxed as Business Income, Not Unexplained Investment u/s 69A: ITAT [Read Order]")
![ITAT Directs TPO to apply LIBOR Rate for Interest on Foreign Currency Receivables [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Bengaluru-Income-Tax-Appellate-Tribunal-LIBOR-Rate-Application-ITAT-Case-TAXSCAN.jpg "ITAT Directs TPO to apply LIBOR Rate for Interest on Foreign Currency Receivables [Read Order]")
Relief to Astra Zeneca: ITAT restores matter on Disallowance of Contribution towards Gratuity Funds [Read Order]
The Bengaluru Bench of the Income Tax Appellate Tribunal (ITAT), restored matter on disallowance of contribution towards gratuity funds, thereby granting relief to M/s. Astra Zeneca Pharma India Ltd,...
![Relief to Astra Zeneca: ITAT restores matter on Disallowance of Contribution towards Gratuity Funds [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Astra-Zeneca-Relief-to-Astra-Zeneca-ITAT-Relief-to-Astra-Zeneca-Disallowance-Disallowance-of-Contribution-Gratuity-Funds-Funds-Income-Tax-Income-Tax-Act-taxscan-.jpg "Relief to Astra Zeneca: ITAT restores matter on Disallowance of Contribution towards Gratuity Funds [Read Order]")
![No Income Tax on Allotment of Bonus Shares: Karnataka High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/03/Income-Tax-Allotment-of-Bonus-Shares-Karnataka-High-Court-Taxscan.jpg "No Income Tax on Allotment of Bonus Shares: Karnataka High Court [Read Judgment]")