Can you claim bad debt deduction during recovery? ITAT explains
A business can claim a deduction for a bad debt even if efforts to recover the money are still underway, the Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) has ruled.
Tag: ITAT
Holding company can’t claim demerger tax benefits on behalf of subsidiary: ITAT
The Mumbai Income Tax Appellate Tribunal (ITAT) has ruled that a holding company cannot perform a legal requirement meant for its subsidiary to claim tax benefits under a demerger, dealing a setback to Sterling Holiday Resorts Ltd. in a tax dispute involving more than Rs 240 crore.
Tax dept denies Rs 73 lakh TDS credit as taxpayer being unaware did not claim it in ITR; ITAT Mumbai gives relief to taxpayer
On November 20, 2025, the ITAT Mumbai ruled that the income tax department has both a statutory as well as constitutional duty to grant TDS credit if it appears in Form 26AS. Therefore, a taxpayer’s TDS claim can’t be rejected simply due to a minor procedural error on the department’s part.
Fired employee gets Rs 26 lakh severance pay, but didn’t pay income tax; loses tax battle in ITAT Hyderabad for this key reason
On November 19, 2025, the Income Tax Appellate Tribunal (ITAT) in Hyderabad decided that any severance package an employee receives from their employer after their employment ends, whether in lump sum or otherwise, will be treated as profits in lieu of salary and thus subject to income tax.
Man sells unlisted start-up shares for Rs 52 crore; tax dept issues notice for undervaluation; he wins case in ITAT Delhi
On November 14, 2025, the Income Tax Appellate Tribunal (ITAT) provided relief to Mr. Vij from South West Delhi by removing the addition of Rs 52 crore alleged income from sale of shares in an unlisted start-up.
Taxpayer fights and gets big relief against Rs 2.28 crore income tax notice; ITAT Ahmedabad reduced it to only Rs 63,000
Mr. Bandopadhaya (name withheld) had the worst day ever when the income tax department sent him a draft assessment order that added Rs 2.28 crore (2,28,14,293) to his account.
Income Tax Appellate Tribunal (ITAT) Marks 84th Anniversary with National Symposium Highlighting Its Role and Future Path
Union Minister of State (Independent Charge) for Law and Justice and Minister of State for Parliamentary Affairs Shri Arjun Ram Meghwal says India’s rank of fourth in economy has substantial contribution of ITAT
Income Tax Appellate Tribunal dismisses Congress appeal against Rs 199 crore tax assessment
Denying relief to the Indian National Congress, the Income Tax Appellate Tribunal (ITAT) on Monday dismissed an appeal by the party against a tax demand of ₹199.15 crore for the year 2018-19.
Indian engineer wins Rs 69-lakh unexplained investment income tax case in ITAT Mumbai on these technical grounds
On June 27, 2025, an Indian engineer , who had been working in Dubai, United Arab Emirates since 1997 won a case of Rs 69-lakh unexplained investment under Income Tax Act, 1961 on technical grounds.
Flipping farm land for cash? ITAT’s ruling may close India’s oldest black money trick
The old trick of flipping farm land to white-wash cash is in the crosshairs of the taxman.