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Accumulation u/s 11(2) Cannot Be Denied for Vague Form 10 If Purpose Aligns With Trust Objects: Mumbai ITAT | Harmony Foundation v. ITO (Exemption) [TS-1673-ITAT-2025]
Accumulation under section 11(2) cannot be denied for vague Form 10 if purpose aligns with Trust’s objectiveMumbai ITAT allows Assessee’s (Trust) appeal and holds that accumulation of income under Section 11(2) canno...
Key amendments in PFRDA (Exits and Withdrawals under the NPS) Regulations, 2015
Ministry of FinanceKey amendments in PFRDA (Exits and Withdrawals under the NPS) Regulations, 2015Amendments primarily aimed at the non-government sector, also rationalize provisions for government sectorMeasures to prov...
Validity of Reopening of Assessment and Addition under Section 69 without Rejection of Books
Validity of
Reopening of Assessment and Addition under Section 69 without Rejection of
Books M/s KDP
Infrastructure Private Limited v. DCITITAT Delhi |
ITA No. 1094/Del/2024 | Order dated 12 December 2025 1...
Alleged Bogus Purchases: Deletion vs Remand Depends on Charging Provision — ITAT Delhi Deletes Addition u/s 69, ITAT Pune Orders Remand u/s 37 | KDP Infrastructure Pvt. Ltd. & Taparia Tools Ltd. (2025)
Alleged Bogus
Purchases – Divergent Legal Treatment Case 1:M/s KDP
Infrastructure Private Limited v. DCITITAT Delhi |
ITA No. 1094/Del/2024 | Order dated 12.12.2025 Case 2:ACIT, Circle-1
v. Taparia Tools ...
GAAR Not Applicable Without ‘Impermissible Avoidance Arrangement’: Telangana High Court Quashes GAAR Proceedings on Share Transactions | Smt. Anvida Bandi v. DCIT [2025] 177 taxmann.com 726 (Telangana HC)
In recent judgement (September, 2025) Telangana High Court quashes GAAR proceedings in absence of an ‘impermissible avoidance arrangement’(IAA)In Smt. Anvida Bandi v Deputy Commissioner of Income Tax, [2025] 177 taxm...
Foreign Tax Credit Allowed When Form 67 & Revised Return Filed in Time: Delhi ITAT Grants Relief u/s 90/91, Deletes s.69 & s.115BBE Additions | DCIT v. Malvinder Mohan Singh (ITAT Delhi, 2025)
Directs Assessing Officer to grant relief under section 90/91 as Form No. 67 & revised return filed within stipulated time
The case of the Assessee was taken in Limited Scrutiny on grounds of Double Taxation Relief ...
Section 43CB Mandates Percentage Completion Method for Real Estate Developers: Mumbai ITAT Confirms Additions | Faithfull Developers v. ACIT (ITAT Mumbai, 2025)
Section 43CB percentage completion method mandatory for real estate business; Confirms additions
Mumbai ITAT dismisses Assessee’s appeal observing that the CIT(A) rightly held that the provisions of Section 43CB is ap...
Supreme Court Allows Non-Compete Fee as Revenue Expenditure u/s 37(1); Reverses High Court View, Matters Remanded to ITAT | SC Ruling (19 Dec 2025)
Non-compete fee allowable revenue expense under section 37(1); Reverses High Court ratio
December 19, 2025Supreme Court reverses High Court judgment, holds that non-compete fee payment is allowable revenue expense under...
Bombay High Court Admits Revenue’s Appeal on Jurisdictional Bar u/s 124(3) & Additional Grounds: ITAT’s Quashing of 143(3) r.w.s. 144C Proceedings Put to Test | PCIT, Pune v. Fiat India Automobiles (P) Ltd. (Bom HC, 2025)
High Court : Admits Revenue’s appeal on substantial questions of law involving jurisdictional issue
Bombay High Court admits Revenue’s appeal on jurisdictional issue in case of Fiat India Automobiles (P) Ltd; High C...
Bogus Political Donations Returned After Commission: Delhi ITAT Denies Section 13A Exemption, Taxes 6% as Income u/s 56(1) | Public Political Party v. DCIT (ITAT Delhi, 2025)
Denies benefit under section 13A to political party as bogus donation returned to donors after deducting commission
Delhi ITAT partly allows Assessee’s appeal observing that the addition under section 68 cannot be sus...