Judgement

ITAT Chennai deleted a Rs 76.98 lakh tax addition after finding that the alleged 46.29-carat diamond stock shortage arose from an incorrect stock reconciliation by the AO.

ITAT Deletes Rs 76.98 Lakh Tax Addition Over Alleged Diamond Stock Shortage

The ITAT Kolkata observed that 80G Application should not be rejected merely on technical delay when 12AB Registration already exists. 

ITAT Holds Delay Alone Cannot Defeat Genuine Charitable Claim

The ITAT Patna directs CIT(A) to reconsider penalty after observing that procedural lapse should not override substantive compliance. 

ITAT Rules Non-Filing of Form 68 Alone Cannot Defeat Immunity Claim

The ITAT Delhi condones a 950-day delay caused by internal partner disputes and restores the tax appeal for fresh adjudication on merits.

950-Day Delay Condoned: ITAT Directs Fresh Merits-Based Adjudication

The ITAT Delhi ruled that the arm's length guarantee commission should be restricted to 0.5% instead of 1.3% adopted by the Transfer Pricing Officer.

ITAT holds Corporate Guarantee Given to Overseas Subsidiary Requires TP Benchmarking, but Guarantee Commission Cannot Exceed 0.5%

Notifications

The Central Government has granted an income tax exemption to the Kerala Headload Workers Welfare Board for tax years 2026-27 to 2028-29, subject to compliance with the prescribed conditions under the Income Tax Act, 2025.

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ITAT Deletes Rs 76.98 Lakh Tax Addition Over Alleged Diamond Stock Shortage

ITAT Holds Delay Alone Cannot Defeat Genuine Charitable Claim

ITAT Rules Non-Filing of Form 68 Alone Cannot Defeat Immunity Claim

950-Day Delay Condoned: ITAT Directs Fresh Merits-Based Adjudication

ITAT holds Corporate Guarantee Given to Overseas Subsidiary Requires TP Benchmarking, but Guarantee Commission Cannot Exceed 0.5%

Kerala Headload Workers Welfare Board Granted Income Tax Exemption for Three Tax Years