![LTCG Addition for Sale of Immovable Property: ITAT Deletes addition Citing Taxpayer as Mere Power of Attorney Holder [Read Order]](https://images.taxscan.in/h-upload/2025/10/31/500x300_2101319-ltcg-ltcg-addition-sale-of-immovable-property-itat-mere-power-of-attorney-holder-taxscan.webp "LTCG Addition for Sale of Immovable Property: ITAT Deletes addition Citing Taxpayer as Mere Power of Attorney Holder [Read Order]")
LTCG Addition for Sale of Immovable Property: ITAT Deletes addition Citing Taxpayer as Mere Power of Attorney Holder [Read Order]
The Rajkot Bench of Income Tax Appellate Tribunal (ITAT) has set aside an order confirming the addition of ₹16,99,579 as Long Term Capital Gain...
![Cash Deposits during Demonetisation: Delhi HC strikes down Income Tax Order u/s 148(A)(d) for lack of prior notice to Assessee [Read Order]](https://images.taxscan.in/h-upload/2025/11/01/250x150_2101507-demonetization-site-image-2.webp "Cash Deposits during Demonetisation: Delhi HC strikes down Income Tax Order u/s 148(A)(d) for lack of prior notice to Assessee [Read Order]")
No Duplication of Claim with S. 36(1)(viia) Provision: ITAT Upholds Deletion of Bad Debts Addition for SIDBI [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has upheld the deletion of an addition made by the Assessing Officer (AO) regarding the disallowance of bad debts under Section36(1)(vii)...
![No Duplication of Claim with S. 36(1)(viia) Provision: ITAT Upholds Deletion of Bad Debts Addition for SIDBI [Read Order]](https://images.taxscan.in/h-upload/2025/11/01/500x300_2101457-itat-mumbai-sidbi-bad-debts-taxscan.webp "No Duplication of Claim with S. 36(1)(viia) Provision: ITAT Upholds Deletion of Bad Debts Addition for SIDBI [Read Order]")
Income Tax Notice issued u/s 148 Invalid Without Signature: Karnataka HC dismisses Revenue's Appeal [Read Order]
The Karnataka High Court has dismissed an appeal filed by the Revenue, upholding an Income Tax Appellate Tribunal (ITAT) order that quashed a reassessment proceeding. The Court rejected the...
![Income Tax Notice issued u/s 148 Invalid Without Signature: Karnataka HC dismisses Revenues Appeal [Read Order]](https://images.taxscan.in/h-upload/2025/11/01/500x300_2101437-income-tax-notice-karnataka-hc-revenues-appeal-invalid-without-signature-taxscan.webp "Income Tax Notice issued u/s 148 Invalid Without Signature: Karnataka HC dismisses Revenues Appeal [Read Order]")
Delhi HC dismisses Revenue's appeal over Mechanical Search Assessment Approvals made under Income Tax Act [Read Order]
The Delhi High Court has dismissed an appeal filed by the Revenue, upholding a decision that invalidated search-related assessments due to mechanically granted approvals. The bench relied on its own...
Delay in Filing Form 10B Cannot Justify Denial When Report Was Available Before CPC Order: ITAT [Read Order]
The Hyderabad Bench of the Income Tax Appellate Tribunal (ITAT) held that the denial of exemption under Section 11 and 12 of the Income Tax Act on the sole ground of delay in filing Form 10B was ...
![Delay in Filing Form 10B Cannot Justify Denial When Report Was Available Before CPC Order: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/11/01/500x300_2101391-delay-filing-form10b-taxscan.webp "Delay in Filing Form 10B Cannot Justify Denial When Report Was Available Before CPC Order: ITAT [Read Order]")
Carry Forward of STCL allowed Despite Treaty-Exempt Gains: ITAT Mumbai Rules in Favour of Goldman Sachs (Singapore) Pte [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has ruled in favour of Goldman Sachs (Singapore) Pte., allowing the carry forward of short-term capital losses (STCL) incurred in AY...
![Carry Forward of STCL allowed Despite Treaty-Exempt Gains: ITAT Mumbai Rules in Favour of Goldman Sachs (Singapore) Pte [Read Order]](https://images.taxscan.in/h-upload/2025/11/01/500x300_2101384-goldman-sachs-taxscan.webp "Carry Forward of STCL allowed Despite Treaty-Exempt Gains: ITAT Mumbai Rules in Favour of Goldman Sachs (Singapore) Pte [Read Order]")
NPCI is Charitable Entity for Advancing General Public Utility: ITAT Rejects Income Tax Revision by CIT(E) [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT recently held that the National Payments Corporation of India (NPCI) qualifies as a charitable entity as it is engaged in the advancement...
Relief for Warner Bros: ITAT Rules Film Distribution Income Not ‘Royalty’ Under India-US DTAA [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) granted partial relief to Warner Bros Distributing Inc. in a case concerning the taxability of its film distribution income and interest...
![Relief for Warner Bros: ITAT Rules Film Distribution Income Not ‘Royalty’ Under India-US DTAA [Read Order]](https://images.taxscan.in/h-upload/2025/10/31/500x300_2101345-relief-for-warner-bros-warner-bros-itat-distribution-income-india-us-dtaa-taxscan-.webp "Relief for Warner Bros: ITAT Rules Film Distribution Income Not ‘Royalty’ Under India-US DTAA [Read Order]")