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Section 54F Exemption Cannot Be Denied on Technical Grounds: ITAT Hyderabad Upholds Liberal Interpretation – ITO v. Narasimha Reddy Duthala
The
Income Tax Appellate Tribunal, Hyderabad Bench, in Income-tax Officer v.
Narasimha Reddy Duthala (ITA No. 1113/Hyd/2024), examined the allowability
of exemption under Section 54F of the Income-tax Act, 1961, in re...
Cancellation of Section 12A Registration Without Proper Show Cause is Invalid – ITAT Mumbai in NICMAR vs DCIT (Exemptions)
The assessee, a charitable trust
engaged in imparting education in the field of construction management and
research, was granted registration under Section 12A of the Income Tax Act.
Subsequently, based on a referenc...
Hotel Premises Constitute Fixed Place Permanent Establishment under Indo–UAE DTAA: Supreme Court Upholds Taxability – Hyatt International Southwest Asia Ltd. v. ADIT
The
Supreme Court of India, in Hyatt International Southwest Asia Ltd. v.
Additional Director of Income-tax (Civil Appeal Nos. 9766–9773 of 2025),
examined whether the appellant, a company incorporated in Dubai and ...
Reassessment Quashed for Mechanical Approval under Section 148: ITAT Delhi in Singhal Fasteners Co. Pvt. Ltd. v. ITO (AY 2006-07)
The
Income Tax Appellate Tribunal, Delhi Bench, in M/s Singhal Fasteners Company
Pvt. Ltd. v. ITO (ITA No. 1992/Del/2020, AY 2006-07), held that
reassessment proceedings initiated under Sections 147/148 of the Income ...
Interest on Borrowed Funds Allowable Despite Interest-Free Advances to Farmers: Business Expediency Explained – Girraj Cold Storage (P.) Ltd. v. ITO
The
Income Tax Appellate Tribunal, Agra (SMC Bench), in Girraj Cold Storage (P.)
Ltd. v. Income-tax Officer (ITA No. 125/Agr/2022), examined the
allowability of interest expenditure under Section 36(1)(iii) of the Inc...
CIT(A) Cannot Dismiss Appeal for Non-Prosecution and Must Decide on Merits: ITAT Mumbai in Sangeeta Motilal Shahani v. ITO
The Mumbai Bench of the Income Tax Appellate Tribunal
examined the legality of an ex-parte order passed by the Commissioner of Income
Tax (Appeals) dismissing the assessee’s appeal for non-prosecution, without
adjud...
Taxation of Category III AIF Trusts under Section 164: Delhi High Court Ruling in Equity Intelligence AIF Trust v. CBDT
The Delhi High Court, in Equity Intelligence AIF Trust v. Central Board of Direct Taxes & Anr. (W.P.(C) 9972/2024), examined the validity of CBDT Circular No.13/2014 dated 28.07.2014 and the consequential order passe...
Conversion of Partnership Firm into Proprietorship and Alleged Capital Gains under Section 45(4): ITAT Delhi Remands Matter in ITO vs. Mahabir Solvent Oil Mills
The
appeal was filed by the Revenue against the order passed by the Commissioner of
Income Tax (Appeals), Karnal, for Assessment Year 2008-09, arising from
reassessment proceedings completed under section 143(3) read ...
Addition under Section 69 for Property Investment by NRI: ITAT Mumbai Remands Matter for Limited Verification, SHRI DEEPAK DEVIDAS SAJNANI,UAE VS. THE INCOME TAX OFFICER INT. TAX WARD 4(2)(1), MUMBAI
The Income Tax Appellate Tribunal, Mumbai Bench, examined
the validity of an addition made under Section 69 of the Income-tax Act, 1961,
in respect of alleged unexplained investment in immovable property made by a
non...
Capital Gains on Sale of Equity-Oriented Mutual Fund Units Not Taxable in India under India–Mauritius DTAA: ITAT Delhi – Emerging India Focus Funds v. ACIT
The
Income Tax Appellate Tribunal, Delhi Bench, in Emerging India Focus Funds,
Apex Financial Services (Mauritius) Ltd. v. Assistant Commissioner of
Income-tax (International Tax) (ITA No. 1963/Del/2025), examined the...