Judgement

Tribunal upholds internal CUP for electricity ALP, accepts cost-based benchmarking for inter-unit steam transfer under Section 80IA.

ITAT Deletes 106 Cr TP Adjustment on Power & Steam Transfers Under Section 80IA

Court affirms ITAT order; holds cash consideration and partial transfer defeats Section 72A(4) applicability.

HC: Partial Asset Transfer Not a Demerger, Carry Forward of Losses Allowed

Notifications

The government has extended the tax exemptions for global pension funds and sovereign wealth funds, including MIC Redwood, Norfund, and others, under the Income-tax Act, 1961, until March 31, 2030.

Income Tax: CBDT Extends Tax Exemptions for Global Pension Funds and Sovereign Wealth Funds

Tribunal quashes Rs. 5.90 Cr addition for cash deposits and Rs. 60 Lakh loan addition; holds all transactions duly explained with proper records.

Relief for Taxpayer, ITAT Deletes Demonetization Cash Deposits and Unsecured Loan Additions

Jeweller Gets Relief! ITAT Deletes 5.90 Cr Cash and 60 Lakh Loan Additions

Articles

Comparison of India’s direct tax collections and refunds for FY 2025-26 and FY 2024-25, highlighting higher refunds and a slight dip in net revenue.

Direct tax collection: Rs. 6.64 Lakh Crore Collected, Higher Refunds Impact Net Tax Revenue

Tribunal upholds deletion of Rs. 6.87 crore addition; holds foreign investments duly explained

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ITAT Deletes 106 Cr TP Adjustment on Power & Steam Transfers Under Section 80IA

HC: Partial Asset Transfer Not a Demerger, Carry Forward of Losses Allowed

Income Tax: CBDT Extends Tax Exemptions for Global Pension Funds and Sovereign Wealth Funds

Jeweller Gets Relief! ITAT Deletes 5.90 Cr Cash and 60 Lakh Loan Additions

Direct tax collection: Rs. 6.64 Lakh Crore Collected, Higher Refunds Impact Net Tax Revenue

ITAT: Share Premium from Non-Residents Can’t Be Taxed Under Section 68 of Income Tax