Filing of Form 10-IC Prior to ITR Filing is Not Mandatory: Allahabad HC Condones delay considering Genuine Hardship
The Allahabad High Court has held that that filing of Form 10-IC prior to filing of return is not mandatory and if “genuine hardship” is shown then...
![Section 50C Income Tax Addition Not Applicable When Registered Sale Agreement Precedes Circle Rate Hike: Delhi HC [Read Order]](https://images.taxscan.in/h-upload/2025/07/11/250x150_2062837-incometax-addition-taxscan.webp "Section 50C Income Tax Addition Not Applicable When Registered Sale Agreement Precedes Circle Rate Hike: Delhi HC [Read Order]")
![‘Detailed Enquiry and Proper Application of Mind by AO While Allowing Deduction u/s 80P(2)(d)’: ITAT Quashes PCIT’s Revision Order [Read Order]](https://images.taxscan.in/h-upload/2025/07/06/250x150_2059883-detailed-enquiry-detailed-enquiry-and-proper-application-of-mind-by-ao-proper-application-of-mind-by-ao-taxscan.webp "‘Detailed Enquiry and Proper Application of Mind by AO While Allowing Deduction u/s 80P(2)(d)’: ITAT Quashes PCIT’s Revision Order [Read Order]")
![ITAT Quashes Cancellation of Trust Registration Over Jurisdictional and Procedural Lapses, Rules Specified Violation Clause u/s 12AB(4) Not Applicable Retrospectively [Read Order]](https://images.taxscan.in/h-upload/2025/06/27/250x150_2055198-aa-2.webp "ITAT Quashes Cancellation of Trust Registration Over Jurisdictional and Procedural Lapses, Rules Specified Violation Clause u/s 12AB(4) Not Applicable Retrospectively [Read Order]")
![ITAT upholds PCIT Order on Depreciation Disallowance, holds AO Ignored Rental Terms and Asset Usage Facts [Read Order]](https://images.taxscan.in/h-upload/2025/06/26/250x150_2054669-pcit-order-depreciation-disallowance-asset-usage-facts-taxscan.webp "ITAT upholds PCIT Order on Depreciation Disallowance, holds AO Ignored Rental Terms and Asset Usage Facts [Read Order]")
ITAT sets aside PCIT Order on Revenue Recognition, Holds No Revenue Prejudice as Income Declared in Subsequent Years [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) set aside an order passed by the Principal Commissioner of Income Tax (PCIT) under Section 263 of the Income Tax Act, 1961. The bench...
![ITAT sets aside PCIT Order on Revenue Recognition, Holds No Revenue Prejudice as Income Declared in Subsequent Years [Read Order]](https://images.taxscan.in/h-upload/2025/06/26/500x300_2054662-itat-itat-roundup-weeklyrounup-taxscan-6.webp "ITAT sets aside PCIT Order on Revenue Recognition, Holds No Revenue Prejudice as Income Declared in Subsequent Years [Read Order]")
Win for Deloitte: Madras HC Rules Firms and HUFs Cannot Be Partners in a Firm, Quashes PCIT Order Disallowing Partner Remuneration [Read Order]
In a recent decision, the Madras High Court quashed the Principal Commissioner of Income Tax’s (PCIT) order against Deloitte Haskins & Sells, ruling that only individuals and not firms or Hindu...
![Win for Deloitte: Madras HC Rules Firms and HUFs Cannot Be Partners in a Firm, Quashes PCIT Order Disallowing Partner Remuneration [Read Order]](https://images.taxscan.in/h-upload/2025/06/16/500x300_2045458-deloitte-win-taxscan.webp "Win for Deloitte: Madras HC Rules Firms and HUFs Cannot Be Partners in a Firm, Quashes PCIT Order Disallowing Partner Remuneration [Read Order]")
ITAT Quashes Revision Order: No Section 40A(3) Disallowance When Income Estimated via Gross Profit Rate [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has set aside a revision order issued under Section 263 of the Income Tax Act against the appellant, ruling that no separate disallowance under...
![ITAT Quashes Revision Order: No Section 40A(3) Disallowance When Income Estimated via Gross Profit Rate [Read Order]](https://images.taxscan.in/h-upload/2025/06/14/500x300_2044213-itat-itat-quashes-revision-order-no-section-40a3-disallowance-taxscan.webp "ITAT Quashes Revision Order: No Section 40A(3) Disallowance When Income Estimated via Gross Profit Rate [Read Order]")
Relief to Tata Chemicals: ITAT Allows Deduction of ₹156 crores Interest on Loan Utilized for Overseas Investment u/s 36 (1) (iii) [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal (ITAT) has set aside an order passed by the Principal Commissioner of Income Tax (PCIT) which disallowed the interest expenditure incurred by Tata...
![Relief to Tata Chemicals: ITAT Allows Deduction of ₹156 crores Interest on Loan Utilized for Overseas Investment u/s 36 (1) (iii) [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Relief-to-Tata-Chemicals-Tata-Chemicals-ITAT-taxscan.jpg "Relief to Tata Chemicals: ITAT Allows Deduction of ₹156 crores Interest on Loan Utilized for Overseas Investment u/s 36 (1) (iii) [Read Order]")
No S.153B Limitation Relief for Invalid Indo-Swiss DTAA Reference Made Under Amended Article 26: Delhi HC [Read Order]
In a recent judgment, the Delhi High Court held that the Income Tax Department cannot claim exclusion of limitation under Section 153B of the Income Tax Act for the time spent on an invalid reference...
PCIT must Address Documents Submitted During Assessment in its Revisionary Proceedings: ITAT [Read Order]
In a recent ruling, the Rajkot bench of the Income Tax Appellate Tribunal (ITAT) held that the Principal Commissioner of Income Tax (PCIT) must address documents submitted during assessment in its...
![PCIT must Address Documents Submitted During Assessment in its Revisionary Proceedings: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/opportunity-to-produce-necessary-documents-AO-for-verification-would-meet-the-ends-of-justice-ITAT-TAXSCAN.jpg "PCIT must Address Documents Submitted During Assessment in its Revisionary Proceedings: ITAT [Read Order]")
HUF's Share Transaction Dispute Concluded as ITAT Accepts Vivad Se Vishwas Settlement [Read Order]
The Income Tax Appellate Tribunal (ITAT) has dismissed an appeal filed by Karta of Hindu Undivided Family (HUF) after accepting the settlement of a long-pending tax dispute under the Direct Tax Vivad...
![HUFs Share Transaction Dispute Concluded as ITAT Accepts Vivad Se Vishwas Settlement [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Vivad-Se-Vishwas-Scheme-.jpg "HUFs Share Transaction Dispute Concluded as ITAT Accepts Vivad Se Vishwas Settlement [Read Order]")