ITAT
Stay updated with the latest ITAT judgments, orders, and appellate rulings impacting income tax matters in India.
![S.56(2)(viib) Not Applicable to Shares issued to Non-Resident Holding Company: ITAT Deletes ₹198 Cr Addition [Read Order]](https://images.taxscan.in/h-upload/2025/12/20/500x300_2113435-itat-deletes-198-cr-addition-taxscan.webp "S.56(2)(viib) Not Applicable to Shares issued to Non-Resident Holding Company: ITAT Deletes ₹198 Cr Addition [Read Order]")
S.56(2)(viib) Not Applicable to Shares issued to Non-Resident Holding Company: ITAT Deletes ₹198 Cr Addition [Read Order]
The Bangalore Bench of the Income Tax Appellate Tribunal (ITAT) deleted a massive addition of ₹198 crores made under Section 56(2)(viib) and held...
![Depreciation on Genuine Fixed Assets Cannot be Disallowed Merely for Alleged Source Deficiency: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/12/20/250x150_2113358-depreciation-on-genuine-fixed-assets-cannot-be-disallowed-merely-itat-taxscan.webp "Depreciation on Genuine Fixed Assets Cannot be Disallowed Merely for Alleged Source Deficiency: ITAT [Read Order]")
![Loss from Currency Derivatives Held as Speculative Transaction, Not Business: ITAT Upholds ₹4.05 Cr Foreign Exchange Loss and Brokerage Disallowance [Read Order]](https://images.taxscan.in/h-upload/2025/12/19/250x150_2113255-loss-currency-derivatives-held-speculative-transaction-business-itat-upholds-foreign-exchange-loss-brokerage-disallowance-taxscan.webp "Loss from Currency Derivatives Held as Speculative Transaction, Not Business: ITAT Upholds ₹4.05 Cr Foreign Exchange Loss and Brokerage Disallowance [Read Order]")
![Limitation for ITAT Rectification Begins from Date of Communication of Order to Taxpayer, Not Date of Passing: Bombay HC [Read Order]](https://images.taxscan.in/h-upload/2025/12/17/250x150_2112802-bombay-high-court-criminal-proceedings-taxscan.webp "Limitation for ITAT Rectification Begins from Date of Communication of Order to Taxpayer, Not Date of Passing: Bombay HC [Read Order]")
Loose Papers, WhatsApp Chats Not Enough: ITAT Quashes S. 69A Additions in Balmukund Group Cases [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal (ITAT), has held that additions for alleged unaccounted income cannot be sustained merely on the basis of loose papers, rough cash jottings, or...
![Loose Papers, WhatsApp Chats Not Enough: ITAT Quashes S. 69A Additions in Balmukund Group Cases [Read Order]](https://images.taxscan.in/h-upload/2025/12/17/500x300_2112749-loose-papers-whatsapp-chats-not-enough-itat-taxscan.webp "Loose Papers, WhatsApp Chats Not Enough: ITAT Quashes S. 69A Additions in Balmukund Group Cases [Read Order]")
Income Tax Dept. cannot Deny STCL Set-off against LTCG after accepting Same Claim in Factually-Identical Connected Cases: Bombay HC [Read Judgment]
The Bombay HighCourt has held that the Income Tax Department cannot deny the set-off of short-term capital loss (STCL) against long-term capital gains (LTCG) to an assessee after having accepted the...
![Income Tax Dept. cannot Deny STCL Set-off against LTCG after accepting Same Claim in Factually-Identical Connected Cases: Bombay HC [Read Judgment]](https://images.taxscan.in/h-upload/2025/12/17/500x300_2112727-income-tax-dept-cannot-deny-stcl-set-off-against-ltcg-accepting-same-claim-factually-identical-connected-cases-bombay-hc-taxscan.webp "Income Tax Dept. cannot Deny STCL Set-off against LTCG after accepting Same Claim in Factually-Identical Connected Cases: Bombay HC [Read Judgment]")
Owning Multiple Houses Breaks Section 54F Claim: ITAT Clarifies ‘One Residential House’ Rule [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) held that the benefit of capital gains exemption under Section 54F of the Income Tax Act, 1961 is not available where the assessee owns more...
![Owning Multiple Houses Breaks Section 54F Claim: ITAT Clarifies ‘One Residential House’ Rule [Read Order]](https://images.taxscan.in/h-upload/2025/12/16/500x300_2112508-owning-multiple-houses-breaks-section-54f-claim-itat-clarifies-one-residential-house-rule-taxscan.webp "Owning Multiple Houses Breaks Section 54F Claim: ITAT Clarifies ‘One Residential House’ Rule [Read Order]")
Relief to Aditya Birla Sun Life Insurance: ITAT Quashes Reassessment Notice u/s 148 Issued Beyond Statutory Time Limit Under New Regime [Read Order]
In a recent ruling in the case of Aditya Birla Sun Life Insurance Co. Ltd., the Mumbai Bench of the Income Tax Appellate Tribunal has held that reassessment proceedings initiated beyond the...
![Relief to Aditya Birla Sun Life Insurance: ITAT Quashes Reassessment Notice u/s 148 Issued Beyond Statutory Time Limit Under New Regime [Read Order]](https://images.taxscan.in/h-upload/2025/12/12/500x300_2111731-aditya-birla-sun-life-insurance-taxscan.webp "Relief to Aditya Birla Sun Life Insurance: ITAT Quashes Reassessment Notice u/s 148 Issued Beyond Statutory Time Limit Under New Regime [Read Order]")
No Deemed Dividend on Business Advances between Holding and Subsidiary Companies u/s 2(22)(e): ITAT [Read Order]
Section 2(22)(e) applies only to gratuitous loans or advances to shareholders, not to reciprocal and business-related transactions The Income Tax Appellate Tribunal (ITAT), Mumbai Bench,...
![No Deemed Dividend on Business Advances between Holding and Subsidiary Companies u/s 2(22)(e): ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/12/09/500x300_2111154-no-deemed-dividend-business-advances-holding-subsidiary-companies-itat-taxscan-jpg.webp "No Deemed Dividend on Business Advances between Holding and Subsidiary Companies u/s 2(22)(e): ITAT [Read Order]")
Derived From’ Means First-Degree Nexus: Supreme Court Rejects NCDC’s Claim for Deduction u/s 36(1)(viii) of Income tax [Read Judgement]
The Supreme Court has clarified the phrase ‘Derived from’ in Section 36(1)(viii) of the Income Tax Act, 1961. The bench noted that the it requires a direct, first-degree nexus with the business of...
![Derived From’ Means First-Degree Nexus: Supreme Court Rejects NCDC’s Claim for Deduction u/s 36(1)(viii) of Income tax [Read Judgement]](https://images.taxscan.in/h-upload/2025/12/11/500x300_2111472-derived-nexus-supreme-court-rejects-ncdcs-claim-deduction-us-361viii-of-income-tax-taxscan.webp "Derived From’ Means First-Degree Nexus: Supreme Court Rejects NCDC’s Claim for Deduction u/s 36(1)(viii) of Income tax [Read Judgement]")