| Monthly Newsletter Direct Tax Friday, 30th Jan 2026 Volume 11, Issue 6
Income Tax Appellate Tribunal
In this newsletter we have covered some of the noteworthy decisions of the Income Tax Appellate Tribunal and Authority for Advance Ruling, which we hope will be interest to you. DEL ITAT: Provides Clarity On Tax Treatment Of Various Expenses For Telecom Operators HYD ITAT: Severance Compensation Constitutes ‘Profits In Lieu Of Salary’, Not Capital Receipts, Under Amended Section 17(3)(Iii) DEL ITAT: Assessment Completed Under ‘E Proceedings’ But Signed Manually, Violative Of CBDT Instruction; Digital Signature Mandatory DEL ITAT: Emphasizes AO's Duty To Scrutinize All Issues Noticed During Reassessment Proceedings DEL ITAT: Rejection Of DCF Valuation Report Merely Due To Disclaimer Clause Is Untenable, Addition U/S 56(2)(VIIB) Deleted DEL ITAT: Quashes Reassessment For Non-Compliance With Sections 147 & 151 DEL ITAT: Absence Of Write Back / Remission Of Advance / Loan Does Not Trigger Taxability MUM ITAT: Date Of Transfer Is Legally Enforceable Sale Agreement Date, Not Registration Date Relevant For Section 54 Exemption DEL ITAT: Receipts From Test-Reports Sharing Scientific Experience Taxable As ‘Royalty’; IT Support Reimbursements Not FTS DEL ITAT: TDS Credit On Salary Undeniable To Employee Where Employer Deducted But Failed To Deposit Tax; Liability To Remit Solely On Employer. MUM ITAT: Credit For The Tax Deducted And Paid Could Not Be Denied In The Hands Of Ultimate Beneficiary Solely On The Ground Of A Procedural Lapse By A Third Party In Complying With Rule 37BA RJT ITAT: Merely Stating ‘Yes, I Am Satisfied’ By PCIT While Granting Approval U/S 151, Insufficient; Quashes Reassessment Mum ITAT: OCI-Based Notional Actuarial Gain On Gratuity Not ‘Income’
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This publication contains information in summary form and is therefore intended for general guidance only. It is not intended to be a substitute for detailed research or the exercise of professional judgment. BK Khare & Co cannot accept any responsibility for loss occasioned to any person acting or refraining from action as a result of any material in this publication.
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