Judgement

The ITAT Bangalore holds Finance Act 2025 restriction on Section 87A rebate as prospective. 


ITAT Allows Section 87A Rebate on LTCG Taxable Under Section 112 for AY 2024-25

The ITAT Bangalore held that interest income attributable to business of providing credit facilities cannot be taxed as ‘Income from Other Sources’ .


ITAT Holds Interest on Bank Deposits of Credit Co-operative Society Eligible for Section 80P(2)(a)(i) Deduction

The ITAT Bangalore deleted an addition of Rs 9.99 lakh made under Section 69A of the Income Tax Act towards cash deposited in the assessee’s bank account. 


ITAT Deletes Section 69A Addition After Assessee Proves Cash Gift from Father

The ITAT Bangalore holds wrong provision cited in original return cannot defeat genuine exemption claim.

ITAT Allows Section 10(10B) Exemption to BSNL VRS Employee Despite Wrong Claim Under Section 10(10C)

The ITAT Bangalore has held that Non-resident's foreign salary cannot be treated as taxable in India merely for want of foreign tax returns.

ITAT Holds Foreign Tax Return and TRC Not Mandatory to Disbelieve Non-Resident's Claim

The ITAT Bangalore held that success fee of Rs 1.47 crore was wholly and exclusively incurred in connection with assessee’s sale of shares. 


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ITAT Allows Section 87A Rebate on LTCG Taxable Under Section 112 for AY 2024-25

ITAT Holds Interest on Bank Deposits of Credit Co-operative Society Eligible for Section 80P(2)(a)(i) Deduction

ITAT Deletes Section 69A Addition After Assessee Proves Cash Gift from Father

ITAT Allows Section 10(10B) Exemption to BSNL VRS Employee Despite Wrong Claim Under Section 10(10C)

ITAT Holds Foreign Tax Return and TRC Not Mandatory to Disbelieve Non-Resident's Claim

ITAT Rules Advisory Fee Directly Linked to Share Divestment Qualifies as Deductible Transfer Expenditure