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Andhra Pradesh HC Holds Transfer of Business as Going Concern Not Taxable under GST, Sets Aside AAAR Ruling [Read Order]

The Andhra Pradesh High Court has held that transfer of an entire business undertaking as a going concern does not amount to a taxable supply under...

Agricultural Land is at 2.75 Km from Municipal Limit as per Google Map: ITAT quashes Capital Gain...

Stakeholders Show Unwillingness to Mediation: DRAT Directs DRT to Expedite Hearing of Securitisation...

Omission of IGST Section 13(8)(b): How Budget 2026 Resets Taxation of Intermediary Services

Early Judicial Signal on Section 74A: Madras HC decides S. 74 Order issued for FY 2024-25 [Read...

ITAT Directs Fresh Examination of Alleged Accommodation Entry Addition Based on Investigation Wing Inputs [Read Order]

The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) has remanded a matter back to the Assessing Officer, holding that an addition made solely on the basis of uncorroborated information ...

ITAT Deletes Additions Made Solely on Basis of Third-Party Information, Grants Relief to Assessee

The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has deleted additions made solely on third-party information without independent verification by the Assessing Officer, finding it ...

CIT(A)’s Order is Unjust and Unfair: ITAT Restores ₹14.25 Cr Addition u/s 56(2)(viib) After Rejecting DCF Valuation [Read Order]

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has allowed the Revenue’s appeal and restored an addition of over ₹14.25 crore made under Section 56(2)(viib) of the Income Tax Act, 1961,...

ITAT Remands S. 14A Disallowance on Mutual Fund Investments for Fresh Verification, partly allowing Kirloskar Pneumatic’s Appeal [Read Order]

The Pune Bench of the Income Tax Appellate Tribunal (ITAT) has restored the issue of disallowance under Section 14A of theIncome Tax Act, 1961 to the Assessing Officer, partly allowing an appeal by ...

ITAT Orders Re-evaluation of S. 14A Disallowances and Foreign Tax Credits for Bank of India, Dismisses Revenue’s Appeal [Read Order]

The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that no disallowance under Section 14A of the Income Tax Act, 1961 could be made in respect of exempt income earned from shares...

ITAT Orders Grant of Foreign Tax Credit as per Rule 128, Holds Procedural Lapses Cannot Cause Double Taxation Read Order []

The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that foreign tax credit (FTC) cannot be denied merely on the ground of delay in filing Form 67, because the taxes were paid...

No Tax Evasion if Goods Supplier Reported Sale in March but Buyer claimed GST ITC in April Returns: Kerala HC [Read Order]

The Kerala High Court recently granted relief to a goods buyer, clarifying that there can arise no pallegations of tax evasion if the supplier of goods reported the sale transactions during the...

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