Judgement

Delhi ITAT rules audited financial statements prevail over incorrect database entries in transfer pricing matters.

ITAT Delhi Rejects Database Error-Based Comparable Exclusion in Transfer Pricing Case

The ITAT holds that Section 153C original assessment proceedings are invalid because they were based on a single consolidated satisfaction note covering multiple assessment years.

A Single Consolidated Satisfaction Note Cannot Cover More Than One Assessment Year: ITAT

Articles

Income Tax Department has started ITR filing for AY 2026-27 with several important changes that could impact salaried and small taxpayers.

5 Big ITR Changes Taxpayers Must Know Before Filing AY 2026-27

ITAT Delhi quashes reassessment where alleged escaped income lacked connection with undisclosed assets discovered.

ITAT Delhi Cancels Multiple Reassessments Based on Alleged Unaccounted Sales Alone

ITAT held in Boyance Infrastructure that an amalgamation under Section 47(vi) is tax-neutral and indexation for capital gains begins from the year the property was first put to use and earned rent, not from the Occupancy Certificate date.

Section 47(vi) Amalgamation is Tax-Neutral, Indexation Runs from Year of Use, Not Occupancy Certificate: ITAT

ITAT held that a related-party transaction cannot be treated as a colourable device merely due to the relationship between parties when supported by proper valuation reports and documentary evidence.

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ITAT Delhi Rejects Database Error-Based Comparable Exclusion in Transfer Pricing Case

A Single Consolidated Satisfaction Note Cannot Cover More Than One Assessment Year: ITAT

5 Big ITR Changes Taxpayers Must Know Before Filing AY 2026-27

ITAT Delhi Cancels Multiple Reassessments Based on Alleged Unaccounted Sales Alone

Section 47(vi) Amalgamation is Tax-Neutral, Indexation Runs from Year of Use, Not Occupancy Certificate: ITAT

Relationship Alone Does Not Make a Transaction Suspect: ITAT