Tax Scan

11/05/2026

Striking Off of Shareholder Company by RoC Cannot Justify Addition u/s 68 in Absence of Fresh Credit Entry: ITAT Deletes ₹56.70 Lakh Addition [Read Order]

https://www.taxscan.in/top-stories/striking-off-of-shareholder-company-by-roc-cannot-justify-addition-us-68-in-absence-of-fresh-credit-entry-itat-deletes-5670-lakh-addition-1445890?utm_source=facebooksm&utm_medium=txn&utm_campaign=may11striking

ITAT deletes Section 68 addition holding that RoC strike-off of shareholder company alone cannot render existing share capital unexplained.

11/05/2026

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11/05/2026

TDS Disallowance on Digital Advertisement Payments made to Facebook Unsustainable without Proper Adjudication: ITAT Remands ₹16.82 Lakh Addition [Read Order]

https://www.taxscan.in/top-stories/tds-disallowance-on-digital-advertisement-payments-made-to-facebook-unsustainable-without-proper-adjudication-itat-remands-1682-lakh-addition-1445889?utm_source=facebooksm&utm_medium=txn&utm_campaign=may11tds

ITAT remanded ₹16.82 lakh TDS disallowance on Facebook advertisement payments citing lack of proper adjudication.

11/05/2026

Supreme Court upholds ₹25 Lakh Accommodation‑Entry Reassessment against Agroha Fincap [Read Judgement]

https://www.taxscan.in/top-stories/supreme-court-upholds-25lakh-accommodationentry-reassessment-against-agrohafincap-1445888?utm_source=facebooksm&utm_medium=txn&utm_campaign=may11supreme

The apex court confirmed the validity of the ₹25 lakh accommodation‑entry reassessment and brought the long‑running dispute to a close in favor of the tax department.

11/05/2026

Unsold Flats Held as Stock in Trade Not Taxable as House Property: ITAT Deletes ₹46.48 Lakh Notional Rent Addition [Read Ordr]

https://www.taxscan.in/top-stories/unsold-flats-held-as-stock-in-trade-not-taxable-as-house-property-itat-deletes-lakh-notional-rent-addition-1445886?utm_source=facebooksm&utm_medium=txn&utm_campaign=may11unsold

The Tribunal grants relief to builders and rules against deemed rent tax.

11/05/2026

TPO Must Follow DRP Directions on Comparable Selection and Working Capital Adjustment: ITAT Grants ₹72.7 Lakh Relief to Extreme Labs India Ltd. [Read Order]

https://www.taxscan.in/top-stories/tpo-must-follow-drp-directions-on-comparable-selection-and-working-capital-adjustment-itat-grants-727-lakh-relief-to-extreme-labs-india-ltd-1445885?utm_source=facebooksm&utm_medium=txn&utm_campaign=may11tpo

ITAT directs exclusion and re-verification of comparables in transfer pricing dispute

11/05/2026

Industrial Power Tariff Can Be Adopted as Comparable Uncontrolled Price for Captive Power Transfer Pricing: ITAT Dismisses ₹28.22 Cr Adjustment [Read Order]

https://www.taxscan.in/top-stories/industrial-power-tariff-can-be-adopted-as-comparable-uncontrolled-price-for-captive-power-transfer-pricing-itat-dismisses-2822-cr-adjustment-1445879?utm_source=facebooksm&utm_medium=txn&utm_campaign=may11industrial

The ITAT held that consumer tariff is the proper benchmark for captive power transfers under transfer pricing law.

11/05/2026

Revision u/s 263 Unsustainable Where Discrepancy Between GST Portal Data and Assessment Records Fails to Establish Lack of Inquiry: ITAT [Read Order]

https://www.taxscan.in/top-stories/revision-us-263-unsustainable-where-discrepancy-between-gst-portal-data-and-assessment-records-fails-to-establish-lack-of-inquiry-itat-1445878?utm_source=facebooksm&utm_medium=txn&utm_campaign=may11revision

The ITAT Surat Quashes Revision Based on GST Data.

11/05/2026

Bilateral Advance Pricing Agreement Cannot be Restricted to Specific Country if FAR Profile is Identical: ITAT Directs to Apply US-BAPA Rates for Non-US Transactions [Read Order]

https://www.taxscan.in/top-stories/bilateral-advance-pricing-agreement-cannot-be-restricted-to-specific-country-if-far-profile-is-identical-itat-directs-to-apply-us-bapa-rates-for-non-us-transactions-1445877?utm_source=facebooksm&utm_medium=txn&utm_campaign=may11bilateral

ITAT allows BAPA margin for non-US transactions as FAR profiles are identical and consistent.

11/05/2026

Outstanding Liability Not Deemed Ceased Solely Due to Absence of Creditor Confirmation: ITAT Deletes ₹7.07 Lakh Addition [Read Order]

https://www.taxscan.in/top-stories/outstanding-liability-not-deemed-ceased-solely-due-to-absence-of-creditor-confirmation-itat-deletes-707-lakh-addition-1445876?utm_source=facebooksm&utm_medium=txn&utm_campaign=may11outstanding

ITAT Raipur rules suspicion alone cannot justify Section 41(1) addition.

10/05/2026

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