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Foreign Tax Credit Cannot Be Denied When Form 67 & Revised Return Filed Within Time – Delhi ITAT in DCIT v. Malvinder Mohan Singh [TS-1637-ITAT-2025 (Del.)]
The case of the Assessee was selected for Limited Scrutiny on the issue that Double Taxation Relief was claimed under sections 90/91 of the Income-tax Act, 1961 and the Assessee was holding foreign assets.During the cour...
Revenue Challenges GAAR Panel Order in Vedanta Case; Delhi High Court Stays Order, Lists Writ for Feb 2026 — Vedanta Holdings Mauritius II Ltd. v. CIT (Intl. Taxation)–3, Delhi
Revenue files counter writ in Vedanta GAAR case; High Court hearing in February 2026.The Revenue has filed a counter writ petition challenging the order passed by the GAAR Panel in the case concerning Vedanta Holdings Ma...
Clerical Error in Claiming Wrong Exemption Section Cannot Deny Benefit to Educational Trust: ITAT Agra in Om Charitable Chikitsa Samiti v. AO (Exemption)
Assessee, an educational institution, was registered under section 12AA and was also granted exemption under section 10(23C)(vi). During the year, due to a clerical omission, deduction was claimed under section 10(23C)(i...
Bombay High Court Grants Full Stay of Demand Where Revenue Taxed Gross Receipts of Educational Trust Without Considering Expenditure, Godavari Shikshan Prasarak Mandal Sindhi v. CIT (Exemption), Pune and Others
Revenue erred in taxing gross receipts of Trust without considering expenditure; grants full stay of demand.The Writ Petition was filed challenging the order dated 11.07.2025 passed by Respondent No. 1. By the impugned o...
Subsequent Supreme Court Ruling Not a Ground for ITAT Rectification under Section 254(2): Bombay High Court, Sila Solutions (P) Ltd. v. ITO
Subsequent Superior Court ruling no ground for ITAT to invoke Section 254(2); no mistake apparent in ITAT’s original order.In the present case, initially, the Assessing Officer made a disallowance of Rs. 2,25,94,571/- ...
Delhi High Court Upholds Prosecution in ₹348 Crore Tax Evasion Case; Rejects Constitutional Challenge to CBDT Circulars on Prosecution
In a significant ruling, the Delhi High Court has upheld the initiation of prosecution under the Income-tax Act in a case involving alleged tax evasion amounting to ₹348 crores, while categorically rejecting the consti...
Assessing Officer’s Duty to Examine All Issues in Reassessment: Delhi ITAT Upholds Section 263 Revision Order
Emphasizes Assessing Officer’s duty to scrutinize all issues noticed during reassessment proceedings; Upholds revision order
Delhi ITAT upholds the revision order under Section 263 holding the reassessment order as er...
Dumb Documents” Have No Evidentiary Value: Chennai ITAT Deletes ₹25.78 Crore Addition under Section 69B r.w.s. 115BBE of Income tax Act, DCIT v. Jaya Pradeep [TS-1630-ITAT-2025(CHNY)]
“Dumb documents” have no evidentiary value, incapable of supporting addition; Deletes Section 69B addition
Chennai ITAT dismisses Revenue’s appeal confirming CIT(A)’s order deleting the addition of Rs. 25,78,98,...
Delhi High Court to Decide Whether Sports Associations’ Activities Are Charitable or Commercial for Exemption under Sections 11 and 12
The Delhi High Court has admitted the Revenue’s appeal against the order passed by the Income Tax Appellate Tribunal (ITAT) in the case of Delhi and District Cricket Association. The appeal has been admitted as other c...
Undisclosed Bitcoin Income Taxable Under Black Money Act; Addition for Foreign Assets Deleted Due to Wrong Assessment Year — Pune ITAT, Shaista Suhel Patanwala v. ADIT(Inv.), Pune [TS-1626-ITAT-2025(PUN)]
The Pune Bench of the Income Tax Appellate Tribunal (ITAT) partly allowed the assessee’s appeal by deleting the addition made towards undisclosed foreign assets to the extent of ₹86.80 lakhs, while simultaneously uph...