![ITAT Grants Relief on Unexplained Income in ₹94-Lakh Property Sale Despite Invalid Income Tax Return [Read Order]](https://images.taxscan.in/h-upload/2026/01/12/500x300_2118429-itat-grants-relief-unexplained-income-property-sale-despite-invalid-income-tax-return-taxscan.webp "ITAT Grants Relief on Unexplained Income in ₹94-Lakh Property Sale Despite Invalid Income Tax Return [Read Order]")
ITAT Grants Relief on Unexplained Income in ₹94-Lakh Property Sale Despite Invalid Income Tax Return [Read Order]
The Income Tax Appellate Tribunal ( ITAT ) has held that the assessing officer cannot ignore the examination of source of funds merely because of the...
![Annual Income Tax Case Digest: ITAT Decisions 2025 [Part XVII]](https://images.taxscan.in/h-upload/2025/12/27/250x150_2115230-annual-income-tax-case-digest-itat-decisions-2025-part-xvii.webp "Annual Income Tax Case Digest: ITAT Decisions 2025 [Part XVII]")
![Sole Beneficiary Status of Assessee Ignored: ITAT Upholds 54F/54EC Exemptions and Full LTCG [Read Order]](https://images.taxscan.in/h-upload/2025/11/12/250x150_2104645-sole-beneficiary-assessee-ignored-itat-full-ltcg-ltcg-exemptions-and-full-ltcg-taxscan.webp "Sole Beneficiary Status of Assessee Ignored: ITAT Upholds 54F/54EC Exemptions and Full LTCG [Read Order]")
![Revenue Recognition on Club Membership Fees Must Match Service Period: ITAT in Sterling Holidays Case [Read Order]](https://images.taxscan.in/h-upload/2025/11/11/250x150_2104172-revenue-recognition-club-membership-fees-membership-fees-taxscan.webp "Revenue Recognition on Club Membership Fees Must Match Service Period: ITAT in Sterling Holidays Case [Read Order]")
![ESOP Cost Rightly Allowed as Business Expenditure: ITAT Sets Aside PCIT Order against Nuvama Wealth after Finding Proper AO Inquiry [Read Order]](https://images.taxscan.in/h-upload/2025/11/07/250x150_2103033-esop-esop-cost-business-expenditure-itat-pcit-order-nuvama-wealth-taxscan.webp "ESOP Cost Rightly Allowed as Business Expenditure: ITAT Sets Aside PCIT Order against Nuvama Wealth after Finding Proper AO Inquiry [Read Order]")
Bona Fide and Debatable Claims No Ground for Penalty: ITAT Upholds Deletion of ₹271(1)(c) Levy on New India Assurance [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has dismissed the Revenue’s appeal against the deletion of penalty under Section 271(1)(c) of the Income Tax Act. The Tribunal...
![Bona Fide and Debatable Claims No Ground for Penalty: ITAT Upholds Deletion of ₹271(1)(c) Levy on New India Assurance [Read Order]](https://images.taxscan.in/h-upload/2025/11/04/500x300_2102122-new-india-assurance-taxscan.webp "Bona Fide and Debatable Claims No Ground for Penalty: ITAT Upholds Deletion of ₹271(1)(c) Levy on New India Assurance [Read Order]")
ITAT Deletes ₹444 Crore TP Adjustment on Netflix India, Rules Company is a Limited-Risk Distributor [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) deleted a transfer pricing adjustment of Rs. 444.93 crore made on Netflix Entertainment Services India LLP after holding that the company...
![ITAT Deletes ₹444 Crore TP Adjustment on Netflix India, Rules Company is a Limited-Risk Distributor [Read Order]](https://images.taxscan.in/h-upload/2025/11/03/500x300_2101772-itat-netflix-tp-taxscan.webp "ITAT Deletes ₹444 Crore TP Adjustment on Netflix India, Rules Company is a Limited-Risk Distributor [Read Order]")
Relief for Nippon India: ITAT Rules S.14A read with rule 8D Disallowance Applies Only to Investments Yielding Exempt Income [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal ( ITAT ) granted relief to Nippon Life India Asset Management Limited by holding that disallowance under Section 14A read with Rule 8D of Income Tax...
![Relief for Nippon India: ITAT Rules S.14A read with rule 8D Disallowance Applies Only to Investments Yielding Exempt Income [Read Order]](https://images.taxscan.in/h-upload/2025/09/10/500x300_2085204-nippon-india-taxscan.webp "Relief for Nippon India: ITAT Rules S.14A read with rule 8D Disallowance Applies Only to Investments Yielding Exempt Income [Read Order]")
Addition u/s 43CA r.w.s. 56(2) on Flat Sale Requires Merits-Based Review: ITAT sets aside Non-Prosecution Dismissal [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai examined the validity of additions made under Section 43CA read with Section 56(2)(vii)(b) of the Income Tax Act, 1961, relating to flat sales below...
![Addition u/s 43CA r.w.s. 56(2) on Flat Sale Requires Merits-Based Review: ITAT sets aside Non-Prosecution Dismissal [Read Order]](https://images.taxscan.in/h-upload/2025/09/01/500x300_2083096-flat-sale-taxscan.webp "Addition u/s 43CA r.w.s. 56(2) on Flat Sale Requires Merits-Based Review: ITAT sets aside Non-Prosecution Dismissal [Read Order]")
![Name of Assessee not Mentioned in Seized Documents: ITAT deletes Income Tax Additions [Read Order]](https://images.taxscan.in/h-upload/2025/08/22/500x300_2079210-seized-document-itat-income-tax-taxscan.webp "Name of Assessee not Mentioned in Seized Documents: ITAT deletes Income Tax Additions [Read Order]")
Surcharge on Private Discretionary Trust Income: ITAT Applies 15% Rate as Income Does Not Exceed ₹2 Crores [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal ( ITAT ) applied a 15% surcharge on the income of a private discretionary trust, as the total income did not exceed ₹2 crores. Anil Gala...
![Surcharge on Private Discretionary Trust Income: ITAT Applies 15% Rate as Income Does Not Exceed ₹2 Crores [Read Order]](https://images.taxscan.in/h-upload/2025/08/10/500x300_2075243-surcharge-on-private-discretionary-private-discretionary-taxscan.webp "Surcharge on Private Discretionary Trust Income: ITAT Applies 15% Rate as Income Does Not Exceed ₹2 Crores [Read Order]")
Dividend Paid to IFC Exempt from Dividend Distribution Tax Under Overriding Immunity of IFC Act, 1958: ITAT [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) ruled that dividends paid to the International Finance Corporation (IFC) are exempt from DividendDistribution Tax (DDT) under Section...
![Dividend Paid to IFC Exempt from Dividend Distribution Tax Under Overriding Immunity of IFC Act, 1958: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/06/19/500x300_2050593-dividend-paid-to-ifc-exempt-ifc-exempt-from-dividend-distribution-dividend-distribution-tax-taxscan.webp "Dividend Paid to IFC Exempt from Dividend Distribution Tax Under Overriding Immunity of IFC Act, 1958: ITAT [Read Order]")