Judgement

ITAT confirms that interest received under Section 28 of the Land Acquisition Act after 2010 is taxable

ITAT: Interest on Enhanced Land Compensation Taxable as ‘Income from Other Sources’

ITAT follows binding High Court precedent to rule that mesne profits for overstay by tenant are taxable as revenue income, not capital receipt.

ITAT Holds Mesne Profits from SBI as Taxable Revenue Receipt: Assessee’s Appeal Dismissed

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.

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ITAT: Interest on Enhanced Land Compensation Taxable as ‘Income from Other Sources’

ITAT Holds Mesne Profits from SBI as Taxable Revenue Receipt: Assessee’s Appeal Dismissed

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