ITAT
Stay updated with the latest ITAT judgments, orders, and appellate rulings impacting income tax matters in India.
![ITAT Remands Section 69A Addition After Holding AO Failed to Verify Creditworthiness of Donors [Read Order]](https://images.taxscan.in/h-upload/2026/01/08/500x300_2117770-itat-remands-section-69a-addition-after-holding-ao.webp "ITAT Remands Section 69A Addition After Holding AO Failed to Verify Creditworthiness of Donors [Read Order]")
ITAT Remands Section 69A Addition After Holding AO Failed to Verify Creditworthiness of Donors [Read Order]
The Bangalore Bench of the Income Tax Appellate Tribunal (ITAT) has remanded a case involving addition towards unexplained investment under Section...
![Purchases cannot be Disallowed Merely on Employee Statements without Evidence: ITAT Deletes 12.5% Ad-Hoc Disallowance [Read Order]](https://images.taxscan.in/h-upload/2026/01/08/250x150_2117677-purchases-disallowance-itat-taxscan.webp "Purchases cannot be Disallowed Merely on Employee Statements without Evidence: ITAT Deletes 12.5% Ad-Hoc Disallowance [Read Order]")
![Notional Interest cannot be Taxed on Funds Provided to Subsidiary when no Interest Paid: ITAT Dismisses Appeal against Shoppers Stop [Read Order]](https://images.taxscan.in/h-upload/2026/01/08/250x150_2117675-notional-interest-cannot-taxed-funds-provided-subsidiary-when-interest.webp "Notional Interest cannot be Taxed on Funds Provided to Subsidiary when no Interest Paid: ITAT Dismisses Appeal against Shoppers Stop [Read Order]")
![PCIT Cannot Invoke Revisionary Powers u/s 263 where AO took a Plausible View after Due Enquiry: ITAT favours City Union Bank [Read Order]](https://images.taxscan.in/h-upload/2026/01/07/250x150_2117507-itat-favours-city-union-bank-taxscan.webp "PCIT Cannot Invoke Revisionary Powers u/s 263 where AO took a Plausible View after Due Enquiry: ITAT favours City Union Bank [Read Order]")
![ITAT Quashes Reassessment Proceedings against Toyota Boshoku Corporation for Lack of Mandatory Approval u/s 151 [Read Order]](https://images.taxscan.in/h-upload/2026/01/07/250x150_2117478-toyota-boshoku-corporation-taxscan.webp "ITAT Quashes Reassessment Proceedings against Toyota Boshoku Corporation for Lack of Mandatory Approval u/s 151 [Read Order]")
![Annual Income Tax Case Digest: ITAT Decisions 2025 [Part XIX]](https://images.taxscan.in/h-upload/2026/01/06/500x300_2117361-annual-income-tax-case-digest-itat-decisions-2025-part-xix-taxscan.jfif "Annual Income Tax Case Digest: ITAT Decisions 2025 [Part XIX]")
Client Code Modification in F&O Transactions Allegations Need Transaction-Level Proof: ITAT Remands ₹1.33 Cr Income Addition Matter [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) ruled that an argument for income escaping the net of taxation due to Client Code Modification (CCM) in futures and options transactions...
![Client Code Modification in F&O Transactions Allegations Need Transaction-Level Proof: ITAT Remands ₹1.33 Cr Income Addition Matter [Read Order]](https://images.taxscan.in/h-upload/2026/01/06/500x300_2117276-client-code-modification-ccm-taxscan.webp "Client Code Modification in F&O Transactions Allegations Need Transaction-Level Proof: ITAT Remands ₹1.33 Cr Income Addition Matter [Read Order]")
S. 50C Not Applicable to Transfer of Life Interest in Property: ITAT Deletes ₹80.04 lakh Addition [Read Order]
The Income Tax Appellate Tribunal ( ITAT ) ruled that Section 50C of the Income Tax Act, 1961 is not applicable where the subject matter of transfer is only a life interest in the property. The bench...
![S. 50C Not Applicable to Transfer of Life Interest in Property: ITAT Deletes ₹80.04 lakh Addition [Read Order]](https://images.taxscan.in/h-upload/2026/01/06/500x300_2117275-transfer-life-interest-property-itat.webp "S. 50C Not Applicable to Transfer of Life Interest in Property: ITAT Deletes ₹80.04 lakh Addition [Read Order]")
Failure to Adhere to Surviving Time Limit under TOLA Renders Reassessment Proceedings u/s 148 Void: ITAT Quashes Assessment Orders [Read Order]
The Income Tax Appellate Tribunal (ITAT) Bench at Ahmedabad has quashed reassessment proceedings for Assessment Years 2015-16, 2016-17 and 2017-18 after holding that the notices were issued beyond the...
![Failure to Adhere to Surviving Time Limit under TOLA Renders Reassessment Proceedings u/s 148 Void: ITAT Quashes Assessment Orders [Read Order]](https://images.taxscan.in/h-upload/2026/01/03/500x300_2116946-failure-adhere-surviving-time-limit-under-tola-renders-reassessment-proceedings.webp "Failure to Adhere to Surviving Time Limit under TOLA Renders Reassessment Proceedings u/s 148 Void: ITAT Quashes Assessment Orders [Read Order]")
No Exclusion of DEPB from Gross Profit while Calculating Business Income: ITAT strikes down ₹2.55 Cr Addition [Read Order]
The Income Tax Appellate Tribunal, Mumbai Bench held that Duty Entitlement PassBook (DEPB) benefits cannot be excluded from gross profit while estimating business income, thereby quashing an...
![No Exclusion of DEPB from Gross Profit while Calculating Business Income: ITAT strikes down ₹2.55 Cr Addition [Read Order]](https://images.taxscan.in/h-upload/2026/01/03/500x300_2116884-depb-not-excluded-from-gross-profit-tasxscan.webp "No Exclusion of DEPB from Gross Profit while Calculating Business Income: ITAT strikes down ₹2.55 Cr Addition [Read Order]")
ITAT Holds PLR Applicable for Benchmarking Interest on Rupee-Denominated CCDs, Deletes ₹9.35 Crore TP Adjustment [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has held that interest paid on rupee-denominated convertible debentures cannot be benchmarked using LIBOR-based rates and must instead be ...
![ITAT Holds PLR Applicable for Benchmarking Interest on Rupee-Denominated CCDs, Deletes ₹9.35 Crore TP Adjustment [Read Order]](https://images.taxscan.in/h-upload/2026/01/01/500x300_2116531-itat-holds-plr-applicable-for-benchmarking-taxscan.webp "ITAT Holds PLR Applicable for Benchmarking Interest on Rupee-Denominated CCDs, Deletes ₹9.35 Crore TP Adjustment [Read Order]")
Penalty for ‘Inaccurate Particulars’ Sustained: ITAT upholds ₹12.45 Lakh Levy on Stock Broker [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has upheld the levy of penalty under Section 271(1)(c) of the Income Tax Act, 1961, holding that the charge of furnishing inaccurate...
![Penalty for ‘Inaccurate Particulars’ Sustained: ITAT upholds ₹12.45 Lakh Levy on Stock Broker [Read Order]](https://images.taxscan.in/h-upload/2026/01/02/500x300_2116735-stock-broker-taxscan.webp "Penalty for ‘Inaccurate Particulars’ Sustained: ITAT upholds ₹12.45 Lakh Levy on Stock Broker [Read Order]")