![AO computes Net STCG for Non-STT: ITAT Allows Set-Off Against Non-STT Gains for US Resident [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/06/short-term-capital-gain.jpg "AO computes Net STCG for Non-STT: ITAT Allows Set-Off Against Non-STT Gains for US Resident [Read Order]")
AO computes Net STCG for Non-STT: ITAT Allows Set-Off Against Non-STT Gains for US Resident [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal ( ITAT ) allowed the set-off of short-term capital losses ( STCL ) subject to Securities...
![Relief for Jaguar Services: ITAT Sets Aside S.263 Revision, Upholds AO’s 6% Disallowance on Alleged Bogus Purchases [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/06/Disallowance.jpg "Relief for Jaguar Services: ITAT Sets Aside S.263 Revision, Upholds AO’s 6% Disallowance on Alleged Bogus Purchases [Read Order]")
![Win for Piramal Enterprises: ITAT Deletes 80IC Disallowance, Rejects Interest Allocation to Baddi Unit Funded by Rights Issue [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/06/Win-for-Piramal-Enterprises-Piramal-Enterprises-ITAT-taxscan.jpg "Win for Piramal Enterprises: ITAT Deletes 80IC Disallowance, Rejects Interest Allocation to Baddi Unit Funded by Rights Issue [Read Order]")
![Cash Seized During 2019 Elections: ITAT Quashes Assessments u/s 153A for Failure to Issue Certificate u/r 112F [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/06/Cash-Seized-2019-Elections-taxscan.jpg "Cash Seized During 2019 Elections: ITAT Quashes Assessments u/s 153A for Failure to Issue Certificate u/r 112F [Read Order]")
![Unexplained Cash Deposit of ₹12.02 Lakh in Second PAN Account: ITAT Upholds Addition for Lack of Corroborative Evidence [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/06/cash-deposit-ITAT-Taxscan.jpg "Unexplained Cash Deposit of ₹12.02 Lakh in Second PAN Account: ITAT Upholds Addition for Lack of Corroborative Evidence [Read Order]")
Taxation of Gross Receipts Without Valid 12A Registration: ITAT Rules Only Net Surplus After Expenses Taxable [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT)Â held that only the net surplus after allowing expenses and depreciation is taxable where a trust does not have valid registration under...
![Taxation of Gross Receipts Without Valid 12A Registration: ITAT Rules Only Net Surplus After Expenses Taxable [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/06/Taxation-of-Gross-Receipts-12A-Registration-ITAT-Rules-Surplus-Expenses-Taxable-Taxscan.webp "Taxation of Gross Receipts Without Valid 12A Registration: ITAT Rules Only Net Surplus After Expenses Taxable [Read Order]")
Hawala Transactions: ITAT Upholds Addition on Bogus Purchases Due to Absence of Evidence to Rebut [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal ( ITAT )Â upheld the addition of Rs. 74,61,350 made by the Assessing Officer (AO) , being 25% of purchases treated as bogus due to hawala...
![Hawala Transactions: ITAT Upholds Addition on Bogus Purchases Due to Absence of Evidence to Rebut [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Hawala-Transactions-ITAT-ITAT-Upholds-Addition-Bogus-Purchases-taxscan.jpg "Hawala Transactions: ITAT Upholds Addition on Bogus Purchases Due to Absence of Evidence to Rebut [Read Order]")
Relief to Tata Chemicals: ITAT Allows Deduction of ₹156 crores Interest on Loan Utilized for Overseas Investment u/s 36 (1) (iii) [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal (ITAT) has set aside an order passed by the Principal Commissioner of Income Tax (PCIT) which disallowed the interest expenditure incurred by Tata...
![Relief to Tata Chemicals: ITAT Allows Deduction of ₹156 crores Interest on Loan Utilized for Overseas Investment u/s 36 (1) (iii) [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Relief-to-Tata-Chemicals-Tata-Chemicals-ITAT-taxscan.jpg "Relief to Tata Chemicals: ITAT Allows Deduction of ₹156 crores Interest on Loan Utilized for Overseas Investment u/s 36 (1) (iii) [Read Order]")
CIT(E) Rejects Trust’s Registration Regularisation Filed Under Incorrect Provision due to Portal Issue Without SCN: ITAT remands Case [Read Order]
In a recent ruling, the Income Tax Appellate Tribunal (ITAT), Mumbai Bench, remanded the case of a charitable trust, back to the Commissioner of Income Tax (Exemptions) [CIT(E)] after holding that...
![CIT(E) Rejects Trust’s Registration Regularisation Filed Under Incorrect Provision due to Portal Issue Without SCN: ITAT remands Case [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/ITAT-ITAT-Bangalore-Assessments-Tax-Exemption-Taxscan.jpg "CIT(E) Rejects Trust’s Registration Regularisation Filed Under Incorrect Provision due to Portal Issue Without SCN: ITAT remands Case [Read Order]")
Demonetization Cash Deposits with Explained Source Not Taxable under Income Tax Act: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that when source of the cash deposited to a bank account during the demonetization period is explained, then it cannot be...
![Demonetization Cash Deposits with Explained Source Not Taxable under Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Demonetization-1-1.jpg "Demonetization Cash Deposits with Explained Source Not Taxable under Income Tax Act: ITAT [Read Order]")
Disallowance for Contractual Penalties Deducted by Government Authorities: ITAT Allows Deduction as Business Expenditure u/s 37(1) [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal(ITAT)allowed deduction of ₹42.44 lakh as business expenditure under Section 37(1) of Income Tax Act,1961 rejecting the disallowance for contractual...
![Disallowance for Contractual Penalties Deducted by Government Authorities: ITAT Allows Deduction as Business Expenditure u/s 37(1) [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Disallowance-business-expenditure-TAXSCAN.jpg "Disallowance for Contractual Penalties Deducted by Government Authorities: ITAT Allows Deduction as Business Expenditure u/s 37(1) [Read Order]")
Taxpayer Can Claim DTAA Exemption for Pre-April 2017 Gains and Still Carry Forward Post-April 2017 Losses Under Income Tax Act [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) ruled that a taxpayer can avail capital gains exemption under the India-Mauritius Double Taxation Avoidance Agreement (DTAA) for shares...
![Taxpayer Can Claim DTAA Exemption for Pre-April 2017 Gains and Still Carry Forward Post-April 2017 Losses Under Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Taxpayer-Can-Claim-DTAA-DTAA-DTAA-Exemption-taxscan.jpg "Taxpayer Can Claim DTAA Exemption for Pre-April 2017 Gains and Still Carry Forward Post-April 2017 Losses Under Income Tax Act [Read Order]")