Judgement

ITAT holds that mere sale-in-transit and uncontroverted documents cannot justify 100% disallowance under Section 69C

ITAT Restricts Section 69C Addition to 6% on Sale-in-Transit Purchases

ITAT holds that grant given in India to an Indian student for overseas education does not violate Section 11(1)(c)

ITAT: Scholarship Paid in India for Foreign Studies Is Not Application of Income Outside India

ITAT holds that satellite transponder fees paid by Bennett Coleman to Intelsat UK are not “royalty” under India-UK DTAA

ITAT Rules No TDS on Transponder Charges Paid to Intelsat UK: Revenue Appeals Dismissed

Articles

The Income Tax Act 2025 introduces a single “Tax Year” concept to replace Financial Year and Assessment Year, making tax filing simpler and easier for taxpayers from April 1, 2026.

New Income Tax Act 2025: One “Tax Year” Concept to End FY-AY Confusion for Taxpayers

The Supreme Court agreed with the Income Tax Department's concern that the "technology is only meant for assistance and data processing, and not for adjudication of cases.

Supreme Court Quashes HC's Direction to Modify Tax Software in Income Tax Case

ITAT upheld the deletion of bogus LTCG and commission additions, citing earlier tribunal relief, SEBI’s clean chit, and absence of fresh evidence, and dismissed the Revenue’s appeal.

Explore Our Blogs

ITAT Restricts Section 69C Addition to 6% on Sale-in-Transit Purchases

ITAT: Scholarship Paid in India for Foreign Studies Is Not Application of Income Outside India

ITAT Rules No TDS on Transponder Charges Paid to Intelsat UK: Revenue Appeals Dismissed

New Income Tax Act 2025: One “Tax Year” Concept to End FY-AY Confusion for Taxpayers

Supreme Court Quashes HC's Direction to Modify Tax Software in Income Tax Case

ITAT Dismisses Revenue Appeal for Lack of Evidence, Upholds Deletion of Rs. 2.92 Crore Bogus LTCG Addition