![ALP of Intra-Group Services Cannot be Nil without Sec. 92C(3) Compliance: Supreme Court Dismisses SLP of American Express Banking Corp [Read Order]](https://images.taxscan.in/h-upload/2025/09/26/500x300_2091310-intra-group-supreme-court-slp-american-express-banking-taxscan.webp "ALP of Intra-Group Services Cannot be Nil without Sec. 92C(3) Compliance: Supreme Court Dismisses SLP of American Express Banking Corp [Read Order]")
ALP of Intra-Group Services Cannot be Nil without Sec. 92C(3) Compliance: Supreme Court Dismisses SLP of American Express Banking Corp [Read Order]
The Supreme Court has dismissed an SLP filed by American Express Banking Corporation against the Delhi High Court ruling on transfer pricing. The HC...
![Addition of Rs. 1,17,538/- u/s 68 for Penny Stock Transactions: ITAT Deletes Addition as Assessee Incurred Short-Term Capital Loss, Not LTCG [Read Order]](https://images.taxscan.in/h-upload/2025/09/26/250x150_2091295-short-term-capital-loss-taxscan.webp "Addition of Rs. 1,17,538/- u/s 68 for Penny Stock Transactions: ITAT Deletes Addition as Assessee Incurred Short-Term Capital Loss, Not LTCG [Read Order]")
![BCI Opens AIBE-XX Registration from September 29: Check Full Exam Schedule Here [Read Notification]](https://images.taxscan.in/h-upload/2025/09/26/250x150_2091415-bci-aibe-xx-registration-aibe-xx-registration-from-september-29-taxscan.webp "BCI Opens AIBE-XX Registration from September 29: Check Full Exam Schedule Here [Read Notification]")
![ITRs, Cash Books & Bank Records Proved Income: Delhi HC Upholds Income Tax Deletion of ₹2.8 Cr Demonetization Cash Addition [Read Order]](https://images.taxscan.in/h-upload/2025/09/26/250x150_2091317-demonetization-itat-cash-deposits-taxscan.webp "ITRs, Cash Books & Bank Records Proved Income: Delhi HC Upholds Income Tax Deletion of ₹2.8 Cr Demonetization Cash Addition [Read Order]")
![Rs. 3.5 Lakh Gift from Daughter Treated as Unexplained Cash by AO: ITAT Deletes Addition, Accepts Source as Genuine [Read Order]](https://images.taxscan.in/h-upload/2025/09/26/250x150_2091288-itat-income-tax-act-itat-delhi-cash-gift-father-and-father-in-law-taxable-under-income-tax-act-taxscan.webp "Rs. 3.5 Lakh Gift from Daughter Treated as Unexplained Cash by AO: ITAT Deletes Addition, Accepts Source as Genuine [Read Order]")
![Trust Income to be Taxed at Normal Rate as Sole Beneficiary had No Taxable Income: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/09/26/500x300_2091291-trust-income-normal-rate-sole-beneficiary-no-taxable-income-itat-taxscan.webp "Trust Income to be Taxed at Normal Rate as Sole Beneficiary had No Taxable Income: ITAT [Read Order]")
Export Duty Cannot be Levied When SEZ Unit Lawfully Exports Goods from Approved Warehouse: CESTAT [Read Order]
The Hyderabad Bench of the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) ruled that export duty cannot be levied when an SEZ unit lawfully exports goods from an approved warehouse...
![Export Duty Cannot be Levied When SEZ Unit Lawfully Exports Goods from Approved Warehouse: CESTAT [Read Order]](https://images.taxscan.in/h-upload/2025/09/26/500x300_2091251-export-export-incentives-duty-draw-back-meis-profits-or-gains-profits-gains-business-or-profession-business-profession-itat-income-tax-taxscan.webp "Export Duty Cannot be Levied When SEZ Unit Lawfully Exports Goods from Approved Warehouse: CESTAT [Read Order]")
Supreme Court Dismisses Plea Against Expanded Definition of “Sikkimese”, Rules Change Limited to Income Tax Exemption Purpose Only [Read Order]
In a recent ruling, the Supreme Court of India dismissed a plea challenging the expanded definition of “Sikkimese” under Section 10(26AAA) of the Income Tax Act, 1961, and clarified that the change...
![Supreme Court Dismisses Plea Against Expanded Definition of “Sikkimese”, Rules Change Limited to Income Tax Exemption Purpose Only [Read Order]](https://images.taxscan.in/h-upload/2025/09/26/500x300_2091389-supreme-court-income-tax-supreme-court-dismisses-plea-taxscan.webp "Supreme Court Dismisses Plea Against Expanded Definition of “Sikkimese”, Rules Change Limited to Income Tax Exemption Purpose Only [Read Order]")
‘Income Tax Data Exists for Publicity, Not for Accountability’: RTI Response on ITR Filings Data Sparks Transparency Uproar
A recent Right to Information (RTI) response from the Income Tax Department’s Centralized Processing Centre (CPC) in Bengaluru has triggered widespread debate over data transparency and public ...
ITAT Dismisses Revenue’s Appeal on Business Loss, Rules CBDT Exception for Bogus LTCG/STCL from Penny Stocks Inapplicable [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal ( ITAT ) dismissed the Revenue’s appeal for the Assessment Year 2013-14, holding that the loss from share trading was a business loss and that the...
![ITAT Dismisses Revenue’s Appeal on Business Loss, Rules CBDT Exception for Bogus LTCG/STCL from Penny Stocks Inapplicable [Read Order]](https://images.taxscan.in/h-upload/2025/09/26/500x300_2091274-business-loss-taxscan.webp "ITAT Dismisses Revenue’s Appeal on Business Loss, Rules CBDT Exception for Bogus LTCG/STCL from Penny Stocks Inapplicable [Read Order]")
Profit Margin on Land Sales Not Commission as Landowners Paid No Agency Fee: CESTAT Sets Aside Service Tax Demand [Read Order]
The Delhi Bench of the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) ruled that profit retained by a developer on land sales cannot be treated as commission when landowners did not pay...
![Profit Margin on Land Sales Not Commission as Landowners Paid No Agency Fee: CESTAT Sets Aside Service Tax Demand [Read Order]](https://images.taxscan.in/h-upload/2025/09/26/500x300_2091246-profit-margin-land-sales-landowners-agency-fee-cestat-service-tax-demand-taxscan.webp "Profit Margin on Land Sales Not Commission as Landowners Paid No Agency Fee: CESTAT Sets Aside Service Tax Demand [Read Order]")
80G Approval Rejected over Religious Object: ITAT Directs CIT(E) to Verify 5% Spending Limit [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) directed Commissioner of Income Tax(Exemption)[CIT(E)] to verify whether the assessee had exceeded the 5% limit of income spent on...
![80G Approval Rejected over Religious Object: ITAT Directs CIT(E) to Verify 5% Spending Limit [Read Order]](https://images.taxscan.in/h-upload/2025/09/26/500x300_2091292-itat-ahmedabad-80-taxscan.webp "80G Approval Rejected over Religious Object: ITAT Directs CIT(E) to Verify 5% Spending Limit [Read Order]")