![Section 11 Exemption Cannot Be Denied for Belated Form 10B Once Delay is Condoned: ITAT [Read Order]](https://images.taxscan.in/h-upload/2026/01/10/500x300_2118163-section-11-exemption-form-10b-delay-condoned-itat-taxscan.webp "Section 11 Exemption Cannot Be Denied for Belated Form 10B Once Delay is Condoned: ITAT [Read Order]")
Section 11 Exemption Cannot Be Denied for Belated Form 10B Once Delay is Condoned: ITAT [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) ruled that where the delay in filing the audit report in Form 10B has been duly...
![Reopening of Assessment u/s 147 Invalid Due to Defective PCIT Approval: ITAT Quashes Entire Reassessment [Read Order]](https://images.taxscan.in/h-upload/2026/01/07/250x150_2117491-reopening-assessment-defective-pcit-approval-itat-quashes-reassessment-taxscan.webp "Reopening of Assessment u/s 147 Invalid Due to Defective PCIT Approval: ITAT Quashes Entire Reassessment [Read Order]")
![ITAT Remands Section 69A Addition After Holding AO Failed to Verify Creditworthiness of Donors [Read Order]](https://images.taxscan.in/h-upload/2026/01/08/250x150_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]")
![CSR Funds Received With Specific Donor Conditions Not Automatically Taxable Income: ITAT Remands JM Financial Foundation Case [Read Order]](https://images.taxscan.in/h-upload/2026/01/08/250x150_2117680-csr-funds-received-with-specific-donor-conditions-not-automatically-taxable-income-itat-remands-jm-financial-foundation-case-taxscan-.webp "CSR Funds Received With Specific Donor Conditions Not Automatically Taxable Income: ITAT Remands JM Financial Foundation Case [Read Order]")
![Approval for S. 148 Notice by Incompetent Authority renders Re-assessment Void ab initio: ITAT Quashes Assessment [Read Order]](https://images.taxscan.in/h-upload/2026/01/01/250x150_2116478-approval-for-s-148-notice-by-incompetent-authority-renders-re-assessment-void-ab-initio-itat-quashes-assessment-taxscan.webp "Approval for S. 148 Notice by Incompetent Authority renders Re-assessment Void ab initio: ITAT Quashes Assessment [Read Order]")
![No S.68 Addition on Sale of Inherited Jewellery Backed by Valuation Report: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/12/27/500x300_2115289-no-s68-addition-sale-inherited-jewellery-backed-valuation-report-itat-taxscan.webp "No S.68 Addition on Sale of Inherited Jewellery Backed by Valuation Report: ITAT [Read Order]")
Assessee’s POCM Accounting Complies with ICAI Guidance Note for Real Estate Projects: ITAT Deletes ₹47.26 Crore Addition [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) has ruled that revenue recognition under the Percentage of Completion Method (POCM) must adhere to the ICAI Guidance Note on Real...
![Assessee’s POCM Accounting Complies with ICAI Guidance Note for Real Estate Projects: ITAT Deletes ₹47.26 Crore Addition [Read Order]](https://images.taxscan.in/h-upload/2025/11/12/500x300_2104479-pocm-icai-real-estate-projects-itat-pocm-accounting-complies-taxscan.webp "Assessee’s POCM Accounting Complies with ICAI Guidance Note for Real Estate Projects: ITAT Deletes ₹47.26 Crore Addition [Read Order]")
Relief to Malayalam Movie Artists Association AMMA: Kerala HC rules Income Tax Appellate Authority simply Extracted Findings of Assessing Authority [Read Order]
In a significant relief to the Association of Malayalam Movie Artists (AMMA), the Kerala High Court held that the Income Tax Appellate Authority failed to comply with the statutory duty under...
![Relief to Malayalam Movie Artists Association AMMA: Kerala HC rules Income Tax Appellate Authority simply Extracted Findings of Assessing Authority [Read Order]](https://images.taxscan.in/h-upload/2025/11/07/500x300_2103054-kerala-high-court-relief-to-malayalam-movie-artists-association-amma-taxscan.webp "Relief to Malayalam Movie Artists Association AMMA: Kerala HC rules Income Tax Appellate Authority simply Extracted Findings of Assessing Authority [Read Order]")
Delhi HC Sets Aside ITAT Order, Holds "Fit Case" Statement Sufficient for Valid Approval u/s 151 of Income Tax Act [Read Order]
In a recent ruling, the Delhi High Court set aside an Income Tax Appellate Tribunal (ITAT) order, holding that a statement recording "it is a fit case" is sufficient for a valid approval under...
![Delhi HC Sets Aside ITAT Order, Holds Fit Case Statement Sufficient for Valid Approval u/s 151 of Income Tax Act [Read Order]](https://images.taxscan.in/h-upload/2025/11/05/500x300_2102463-delhi-hc-itat-itat-order-section-151-of-income-tax-act-income-tax-act-taxscan-.webp "Delhi HC Sets Aside ITAT Order, Holds Fit Case Statement Sufficient for Valid Approval u/s 151 of Income Tax Act [Read Order]")
![Calcutta HC finds Penny-Stock Trading Loss as Bogus, sets aside ITAT disallowance Order [Read Order]](https://images.taxscan.in/h-upload/2025/11/03/500x300_2101779-disallowance-order-taxscan.webp "Calcutta HC finds Penny-Stock Trading Loss as Bogus, sets aside ITAT disallowance Order [Read Order]")
ITAT Shields Investor from Tax, Says Documented Stock Exchange Trades Trump Tax Dept's Presumptions [Read Order]
In a significant ruling that reinforces the primacy of documentary evidence over general allegations, the Income Tax Appellate Tribunal (ITAT) in Mumbai has shielded an individual investor from a...
![ITAT Shields Investor from Tax, Says Documented Stock Exchange Trades Trump Tax Depts Presumptions [Read Order]](https://images.taxscan.in/h-upload/2025/10/27/500x300_2100222-itat-stock-exchange-tax-depts-tax-depts-presumptions-shields-investor-from-tax-taxscan.webp "ITAT Shields Investor from Tax, Says Documented Stock Exchange Trades Trump Tax Depts Presumptions [Read Order]")
Assessee’s Failure to Reconcile the Discrepancy Justifies Addition: ITAT upholds Donation Disallowance [Read Order]
The bench of the Income Tax Appellate Tribunal (ITAT), Raipur, upheld the disallowance of ₹15,000 made on account of donation expenses, as the assessee had failed to reconcile the difference...
![Assessee’s Failure to Reconcile the Discrepancy Justifies Addition: ITAT upholds Donation Disallowance [Read Order]](https://images.taxscan.in/h-upload/2025/10/21/500x300_2098679-donation-disallowance-taxscan.webp "Assessee’s Failure to Reconcile the Discrepancy Justifies Addition: ITAT upholds Donation Disallowance [Read Order]")