![Procedural Default Cannot Attract Penalty: ITAT Sets Aside S.271BA Levy in Transfer Pricing Case [Read Order]](https://images.taxscan.in/h-upload/2025/10/04/500x300_2093723-itat-transfer-pricing-case-taxscan.webp "Procedural Default Cannot Attract Penalty: ITAT Sets Aside S.271BA Levy in Transfer Pricing Case [Read Order]")
Procedural Default Cannot Attract Penalty: ITAT Sets Aside S.271BA Levy in Transfer Pricing Case [Read Order]
The bench of the Income Tax Appellate Tribunal, Ahmedabad, has set aside the penalty imposed under Section 271BA of the Income Tax Act, 1961, ruling...
![Interest Rate on Secured Loan From banks Cannot be Compared with Interest Rate on Unsecured Loan: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-Income-Tax-Appellate-Tribunal-Income-Tax-Appellate-Tribunal-ITAT-indore-Unsecured-Loan-interest-rate-taxscan.jpg "Interest Rate on Secured Loan From banks Cannot be Compared with Interest Rate on Unsecured Loan: ITAT [Read Order]")
![Consultancy Charges paid to Resident Director not Excessive or Unreasonable: ITAT allows Company’s Deduction Claim [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/ITAT-ITAT-Chennai-Consultancy-Charges-Resident-Director-Company-Deduction-Claim-Income-Tax-Appellate-Tribunal-taxscan.jpg "Consultancy Charges paid to Resident Director not Excessive or Unreasonable: ITAT allows Company’s Deduction Claim [Read Order]")
![Taxpayer voluntarily clarifies discrepancy in Lease Equalization Disallowance without Malicious Intent: ITAT deletes Penalty u/s 271(1)(c) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/ITAT-ITAT-Mumbai-Income-tax-Income-tax-news-taxscan-1.jpg "Taxpayer voluntarily clarifies discrepancy in Lease Equalization Disallowance without Malicious Intent: ITAT deletes Penalty u/s 271(1)(c) of Income Tax Act [Read Order]")
Relief to Piramal Enterprises: ITAT directs AO to Re-adjudicate Disallowance of Payment Received as Consultancy Fees and Corporate Service Charges [Read Order]
In a recent decision, the Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) has provided relief to Piramal Enterprises by instructing the Assessing Officer ( AO ) to reassess the...
![Relief to Piramal Enterprises: ITAT directs AO to Re-adjudicate Disallowance of Payment Received as Consultancy Fees and Corporate Service Charges [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Relief-to-Piramal-Enterprises-Piramal-Enterprises-ITAT-AO-Re-adjudicate-taxscan.jpg "Relief to Piramal Enterprises: ITAT directs AO to Re-adjudicate Disallowance of Payment Received as Consultancy Fees and Corporate Service Charges [Read Order]")
ITAT deletes Disallowance u/s 40A(2)(B) upon Estimated Income from Sub-Contract of Joint Venture [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has deleted the disallowance under Section 40A(2)(B) of the Income Tax Act 1961, upon estimated income from subcontract of joint venture The...
![ITAT deletes Disallowance u/s 40A(2)(B) upon Estimated Income from Sub-Contract of Joint Venture [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/ITAT-deletes-Disallowance-Estimated-Income-Sub-Contract-of-Joint-Venture-Joint-Venture-Income-Tax-Act-Income-Tax-ITAT-TAXSCAN.jpg "ITAT deletes Disallowance u/s 40A(2)(B) upon Estimated Income from Sub-Contract of Joint Venture [Read Order]")
Mistake of Tax Auditor using Incorrect Words in Tax Audit Report towards Purchase of Granules: ITAT quashes Revision Order against Firm [Read Order]
The Income Tax Appellate Tribunal (ITAT) Ahmedabad bench while quashing the revision order passed by the Principal Commissioner of Income-Tax assessment order held that the same was not erroneous but...
![Mistake of Tax Auditor using Incorrect Words in Tax Audit Report towards Purchase of Granules: ITAT quashes Revision Order against Firm [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Mistake-of-Tax-Auditor-using-Incorrect-Words-Tax-Audit-Report-towards-Purchase-of-Granules-ITAT-quashes-Revision-Order-Firm-TAXSCAN.jpg "Mistake of Tax Auditor using Incorrect Words in Tax Audit Report towards Purchase of Granules: ITAT quashes Revision Order against Firm [Read Order]")
![Section 40A(2)(b) cannot be invoked merely for Unregistered Agreement: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/07/Unregistered-agreement-ITAT-Taxscan.jpg "Section 40A(2)(b) cannot be invoked merely for Unregistered Agreement: ITAT [Read Order]")
![No Disallowance If AO couldn’t prove that Goods were Saleable without Discount: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/07/Disallowance-Taxscan.jpg "No Disallowance If AO couldn’t prove that Goods were Saleable without Discount: ITAT [Read Order]")
![ITAT grants relief to Hero Moto Corp Ltd [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/06/Hero-Motor-Corp-Taxscan.jpg "ITAT grants relief to Hero Moto Corp Ltd [Read Order]")
Conditions specified in Sec 14(2) of the Income Tax Act is Applicable to AYs Before 2007: ITAT Mumbai [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal, has recently observed that while disallowing interest expenditure under section 14A of the Income Tax Act, 1961, the Assessing Officer shall...
