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ITAT Lucknow Upholds Additions on Undisclosed Interest and Accommodation Entries: Main Land Finance Pvt. Ltd. vs ITO
The
present appeals were filed by Main Land Finance Pvt. Ltd. for the
Assessment Years 2014-15, 2017-18, and 2018-19, challenging separate appellate
orders passed by the Commissioner of Income Tax (Appeals). The asses...
Rejection of Registration under Sections 12AB and 80G for Lack of Charitable Activity Not Sustainable When Funds Are Utilised for Construction of Charitable Infrastructure – ITAT Lucknow in Kirti Mahal Satsang Bhawan Trust vs. CIT (Exemptions)
The
assessee trust filed applications in Form No. 10AB seeking registration
under Section 12AB of the Income-tax Act, 1961 and approval under Section
80G(5). The Commissioner of Income Tax (Exemptions), Lucknow reject...
ITAT Lucknow Sets Aside CIT(A) Order for Violation of Natural Justice: Aabdeen Travel Services vs ITO (AY 2017-18)
The
present appeal was filed by the assessee, M/s Aabdeen Travel Services,
for the Assessment Year 2017-18, challenging the appellate order dated
18.10.2023 passed by the Commissioner of Income Tax (Appeals). The asse...
ITAT Delhi Holds PCIT’s Section 263 Revision Invalid Where AO Made Detailed Enquiries and Applied Mind; Addition Under Section 68 Held Appropriate, Not Section 41(1) — J.M. Housing Ltd. v. PCIT (ITA No. 8248/Del/2025) (Del-Trib, 31.12.2025)
The
appeal before the Income Tax Appellate Tribunal, Delhi Bench, arose from the
order passed by the Principal Commissioner of Income Tax (Central), Kanpur
under Section 263 of the Income Tax Act, 1961, seeking to rev...
Sponsorship Payments for ICC Brand Usage Treated as Royalty: Delhi High Court Upholds 15% TDS under Section 195 – LG Electronics India (P) Ltd. v. DIT (International Taxation) [2025]
The writ petition was filed by LG Electronics India (P) Ltd. challenging the order passed under Section 264 of the Income-tax Act, 1961, whereby permission sought under Section 195 for remittance of payments to Global Cr...
Stock-in-Trade of Jeweller Recorded in Books and Supported by Contemporaneous Evidence Cannot Be Seized Under Sections 132/132A – Bombay High Court Orders Unconditional Release | Mahavir Jewellers NX LLP v. DDIT (Inv.) (2025)
Stock-in-Trade Recorded in Books and Supported by Contemporaneous Evidence Not Liable to SeizureThe Bombay High Court held that stock-in-trade of a jeweller, duly recorded in the books of account and explained through co...
Depreciation on Block of Assets Cannot Be Denied for Non-Use of Individual Units – Madras High Court Dismisses Revenue Appeal in CIT v. Kothari Sugars and Chemicals Ltd. (AY 2003-04)
Depreciation on Block of Assets Not Deniable Due to Non-Use of Certain Units During the Relevant Assessment YearThe Madras High Court held that depreciation allowable on a block of assets cannot be denied merely because ...
Section 68 Addition Unsustainable Where Bank Trail & PAN Established: Patna High Court in Rajnandani Projects (P) Ltd. v. PCIT (2025)
Background and FactsThe Assessing Officer made an addition of ₹1.91 crore under Section
68 of the Income-tax Act, 1961, treating the amount as unexplained cash
credit. The assessee furnished complete documentary evid...
Unproved Bank Liabilities for Unpresented Cheques Treated as Bogus Credits; SLP Dismissed by Supreme Court – Harsha Associates (P) Ltd. v. DCIT
The assessee filed its return of income for Assessment Year 2007-08 declaring a total income of ₹28,71,047. The return was selected for scrutiny. During the assessment proceedings, the Assessing Officer observed that t...
Bogus Political Donations Routed Back to Donor Not Eligible for Deduction under Section 80GGC — ITAT Ahmedabad in Rajen Jayantilal Merchant v. ITO
The appeal before the Income Tax Appellate Tribunal, Ahmedabad Bench, arose from an order passed by the Commissioner of Income Tax (Appeals), National Faceless Appeal Centre, confirming the reassessment made under Sectio...