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![Disallowance of Business Expenses Made Without Proper Justification: ITAT Restricts It to 10% of Expenses Claimed [Read Order]](https://images.taxscan.in/h-upload/2025/07/18/500x300_2065012-disallowance-of-business-expenses-disallowance-itat-taxscan.webp "Disallowance of Business Expenses Made Without Proper Justification: ITAT Restricts It to 10% of Expenses Claimed [Read Order]")
Disallowance of Business Expenses Made Without Proper Justification: ITAT Restricts It to 10% of Expenses Claimed [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) restricted disallowance of business expenses to 10% of the total claimed, noting the...
![₹90 Lakh Received for Transferring Rights in Land without Registered Title Taxable as Income from Other Sources: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/07/11/250x150_2062754-land-registered-taxscan.webp "₹90 Lakh Received for Transferring Rights in Land without Registered Title Taxable as Income from Other Sources: ITAT [Read Order]")
![Assessing Officer cannot interfere with the Business Decisions of Assessee: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Assessing-Officer-Business-Decisions-Assessee-ITAT-Taxscan.jpg "Assessing Officer cannot interfere with the Business Decisions of Assessee: ITAT [Read Order]")
![ITAT directs to Follow the Principle of Consistency; Dept. Cannot Reject the Methodology Followed for the Past Years Without Change in Circumstance [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/ITAT-Principle-of-Consistency-Dept-Cannot-Reject-Methodology-Change-Circumstance-Taxscan.jpg "ITAT directs to Follow the Principle of Consistency; Dept. Cannot Reject the Methodology Followed for the Past Years Without Change in Circumstance [Read Order]")
Relief to Bajaj Foods Ltd: ITAT directs Income Tax Dept to verify Payments to Foreign Ship Companies [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT), while granting an interim relief to the assessee, Bajaj Foods Ltd, directed the income tax department to reconsider the TDS default...
![Relief to Bajaj Foods Ltd: ITAT directs Income Tax Dept to verify Payments to Foreign Ship Companies [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Relief-Bajaj-Foods-Ltd-ITAT-Income-Tax-Dept-Payments-Foreign-Ship-Companies-Taxscan-1.jpeg "Relief to Bajaj Foods Ltd: ITAT directs Income Tax Dept to verify Payments to Foreign Ship Companies [Read Order]")
Loss arising from Forfeiture of Advance Paid on Convertible Warrants is Business Loss: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) Delhi Bench held that the loss arising from forfeiture of the advance paid on convertible warrants is a business loss. The ruling was made by a bench of ITAT...
![Loss arising from Forfeiture of Advance Paid on Convertible Warrants is Business Loss: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/11/Business-Loss-Taxscan.jpg "Loss arising from Forfeiture of Advance Paid on Convertible Warrants is Business Loss: ITAT [Read Order]")