ESOP Cost Rightly Allowed as Business Expenditure: ITAT Sets Aside PCIT Order against Nuvama Wealth after Finding Proper AO Inquiry [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal ( ITAT ) has set aside the revisional order passed by the Principal Commissioner of Income Tax...
![PCIT cannot use Suo Motu Revisional Power u/s 263 if AO has Allowed Deductions after Investigation: Kerala HC grants Relief to Apollo Tyres [Read Order]](https://images.taxscan.in/h-upload/2025/11/06/250x150_2102753-pcit-suo-motu-revisional-power-apollo-tyres-relief-to-apollo-tyres-taxscan.webp "PCIT cannot use Suo Motu Revisional Power u/s 263 if AO has Allowed Deductions after Investigation: Kerala HC grants Relief to Apollo Tyres [Read Order]")
![NPCI is Charitable Entity for Advancing General Public Utility: ITAT Rejects Income Tax Revision by CIT(E) [Read Order]](https://images.taxscan.in/h-upload/2025/10/31/250x150_2101306-npci-itat-mumbai-general-public-utility-income-tax-taxscan.webp "NPCI is Charitable Entity for Advancing General Public Utility: ITAT Rejects Income Tax Revision by CIT(E) [Read Order]")
![Kerala HC Affirms S 263 Order citing Assessing Officers Failure to Adjudicate on Slump Sale [Read Order]](https://images.taxscan.in/h-upload/2025/10/30/250x150_2101070-kerala-high-court-assessing-officer-slump-sale-taxscan.webp "Kerala HC Affirms S 263 Order citing Assessing Officers Failure to Adjudicate on Slump Sale [Read Order]")
![ITAT Sides with Diamond Trader, Says Survey Stock Query Was Fully Probed by AO [Read Order]](https://images.taxscan.in/h-upload/2025/10/27/250x150_2100215-diamond-trader-taxscan.webp "ITAT Sides with Diamond Trader, Says Survey Stock Query Was Fully Probed by AO [Read Order]")
![ITAT Quashes PCIT’s Revision; Cancellation of Land Deal Meant No Taxable Cash Income [Read Order]](https://images.taxscan.in/h-upload/2025/10/07/500x300_2094649-itat-quashes-pcit-land-deal-cash-income-taxscan.webp "ITAT Quashes PCIT’s Revision; Cancellation of Land Deal Meant No Taxable Cash Income [Read Order]")
Relief to LIC Mutual Fund: ITAT Sets Aside PCIT's Section 263 Order for Non-speaking Order [Read Order]
In a ruling in favour of LIC Mutual Fund, the Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) set aside the Principal Commissioner of Income Tax (PCIT)'s revision order under Section 263 of...
![Relief to LIC Mutual Fund: ITAT Sets Aside PCITs Section 263 Order for Non-speaking Order [Read Order]](https://images.taxscan.in/h-upload/2025/10/06/500x300_2094279-lic-taxscan.webp "Relief to LIC Mutual Fund: ITAT Sets Aside PCITs Section 263 Order for Non-speaking Order [Read Order]")
Relief to Zydus Head Diabetologist: ITAT quashes Revision u/s 263 on Income Tax Deduction for Political Donation, says AO Conducted Due Enquiry [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Ahmedabad Bench, has quashed the revisionary order passed by the Principal Commissioner of Income Tax (PCIT) under section 263 of the Income Tax Act,...
![Relief to Zydus Head Diabetologist: ITAT quashes Revision u/s 263 on Income Tax Deduction for Political Donation, says AO Conducted Due Enquiry [Read Order]](https://images.taxscan.in/h-upload/2025/09/29/500x300_2092379-zydus-healthcare-income-tax-demand-taxscan.webp "Relief to Zydus Head Diabetologist: ITAT quashes Revision u/s 263 on Income Tax Deduction for Political Donation, says AO Conducted Due Enquiry [Read Order]")
![Relief for Maxxis Rubber as ITAT Rejects PCIT’s Interpretation of Depreciation u/S. 263 [Read Order]](https://images.taxscan.in/h-upload/2025/09/25/500x300_2090826-maxxis-rubber-itat-pcit-taxscan.webp "Relief for Maxxis Rubber as ITAT Rejects PCIT’s Interpretation of Depreciation u/S. 263 [Read Order]")
Foreign Currency Derivative Losses Allowed as Business Expenditure: ITAT quashes Revisionary Income Tax Order [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad, has quashed a revisionary order passed under Section 263 of the Income Tax Act, 1961, by the Principal Commissioner of Income Tax. The Tribunal...
![Foreign Currency Derivative Losses Allowed as Business Expenditure: ITAT quashes Revisionary Income Tax Order [Read Order]](https://images.taxscan.in/h-upload/2025/09/23/500x300_2090135-foreign-currency-derivative-losses-business-expenditure-taxscan.webp "Foreign Currency Derivative Losses Allowed as Business Expenditure: ITAT quashes Revisionary Income Tax Order [Read Order]")
Share Capital from Alleged Shell Companies Accepted as Genuine: ITAT quashes Income Tax Revision u/s 263 [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi bench, set aside the order of the Principal Commissioner of Income Tax (Pr. CIT) passed under Section 263 of theIncome Tax Act, 1961, holding that the...
![Share Capital from Alleged Shell Companies Accepted as Genuine: ITAT quashes Income Tax Revision u/s 263 [Read Order]](https://images.taxscan.in/h-upload/2025/09/13/500x300_2086235-genuineness-share-capital-share-capital-received-itat-itat-upholds-cita-decision-cita-deletes-addition-taxscan.webp "Share Capital from Alleged Shell Companies Accepted as Genuine: ITAT quashes Income Tax Revision u/s 263 [Read Order]")
Relief for Asianet: ITAT allows Deduction of Interest on Delayed Statutory Payments as Business Expenditure [Read Order]
The Cochin Bench of Income Tax Appellate Tribunal ( ITAT ) granted relief to Asianet Satellite Communications Ltd., allowing deduction of interest on delayed statutory payments, including Tax ...
![Relief for Asianet: ITAT allows Deduction of Interest on Delayed Statutory Payments as Business Expenditure [Read Order]](https://images.taxscan.in/h-upload/2025/08/19/500x300_2078218-asianet-itat-taxscan.webp "Relief for Asianet: ITAT allows Deduction of Interest on Delayed Statutory Payments as Business Expenditure [Read Order]")