Judgement

The ITAT Mumbai held that refund of cancelled sub-lease advance not taxable if properly verified.

ITAT Remands Sub-Lease Advance and Charitable Expenditure Claims for Verification

The ITAT Mumbai holds CIT(A) was empowered to set aside Section 144 assessment under Section 251(1)(a).

ITAT Upholds Fresh Assessment in Rs. 43.50 Lakh Gift Case

The ITAT Mumbai held cash deposits belonging to wife cannot be taxed in assessee’s hands merely due to joint bank account.

ITAT Restricts Addition Made Under Section 69A to Rs. 5 Lakh

The ITAT holds that DSIR cannot reduce eligible R&D expenditure without giving the assessee an opportunity to explain Its claim.

ITAT Directs DSIR to Explain Exclusion of Expenses

The ITAT Mumbai directs recalculation of operating margin, observing that EPR revenue and related expenditure must be considered consistently.


ITAT Holds EPR Income Must Be Treated as Operating Income While Computing Transfer Pricing Margin

Notifications

CBDT has notified the Income-tax (Eighth Amendment) Rules, 2026, introducing Rule 190 to prescribe conditions for the merger of registered non-profit organisations under Sections 352(4) and 354A, effective October 30, 2026.

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ITAT Remands Sub-Lease Advance and Charitable Expenditure Claims for Verification

ITAT Upholds Fresh Assessment in Rs. 43.50 Lakh Gift Case

ITAT Restricts Addition Made Under Section 69A to Rs. 5 Lakh

ITAT Directs DSIR to Explain Exclusion of Expenses

ITAT Holds EPR Income Must Be Treated as Operating Income While Computing Transfer Pricing Margin

CBDT Notifies New Rules for Merger of Registered Non-Profit Organisations Under Income Tax Rules 2026