Tax Scan

08/06/2026

Section 249(4)(b) of Income Tax Act Inapplicable when Advance Tax not Payable: ITAT [Read Order]

https://www.taxscan.in/top-stories/section-2494b-of-income-tax-act-inapplicable-when-advance-tax-not-payable-itat-1447132?utm_source=facebooksm&utm_medium=txn&utm_campaign=june8incometax

Section 249(4)(b) of the Income Tax Act, 1961 does not bar an appeal where the assessee claims that the receipts are exempt and no advance tax liability arises, setting aside the CIT(A)’s dismissal of...

08/06/2026

IMAX Corporation Lacks Fixed Place or Installation PE in India: ITAT Deletes Additions Noting Employee Presence Was Merely 5 Days During Year [Read Order]

https://www.taxscan.in/top-stories/imax-corporation-lacks-fixed-place-or-installation-pe-in-india-itat-deletes-additions-noting-employee-presence-was-merely-5-days-during-year-1447131?utm_source=facebooksm&utm_medium=txn&utm_campaign=june8imax

The Tribunal declined to adjudicate on individual additions regarding theatre design services and the sale of glasses, as they were predicated on the existence of a PE.

08/06/2026

ITAT upholds Fringe Benefit Tax additions on free tickets and hospitality expenses, dismisses Jet Lite (India) appeal [Read Order]

https://www.taxscan.in/top-stories/itat-upholds-fringe-benefit-tax-additions-on-free-tickets-and-hospitality-expenses-dismisses-jet-lite-india-appeal-1447130?utm_source=facebooksm&utm_medium=txn&utm_campaign=june8itat

The ITAT dismissed the Revenue’s penalty appeals, validating that penalty proceedings cannot be used as a measure to compensate for the disallowance of a legitimate, albeit incorrect, legal claim.

08/06/2026

FTS not Taxable under Residual Article 22 of India-Thailand DTAA: ITAT [Read Order]

https://www.taxscan.in/top-stories/fts-not-taxable-under-residual-article-22-of-india-thailand-dtaa-itat-1447129?utm_source=facebooksm&utm_medium=txn&utm_campaign=june8fts

Fee for Technical Services (FTS) received by a Thai tax resident cannot be taxed under the residuary “Other Income” Article 22 of the India–Thailand DTAA merely because the treaty does not contain a...

08/06/2026

Double Income Tax Benefit for BSNL Retirees: ITAT Upholds Full VRS Exemption and Leave Encashment Relief [Read Order]

https://www.taxscan.in/top-stories/double-income-tax-benefit-for-bsnl-retirees-itat-upholds-full-vrs-exemption-and-leave-encashment-relief-1447128?utm_source=facebooksm&utm_medium=txn&utm_campaign=june8incometax

BSNL retiree is entitled to full exemption of VRS compensation under Section 10(10B) of the Income Tax Act, 1961 and full exemption of leave encashment benefits, allowing the assessee’s appeal.

08/06/2026

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08/06/2026

Supreme Court & High Courts Weekly Round-Up

https://www.taxscan.in/top-stories/supreme-court-high-courts-weekly-round-up-1447127?utm_source=facebooksm&utm_medium=txn&utm_campaign=june8supremecourt

A Round-Up of the Supreme Court & High Court Cases That Were Reported at Taxscan Last Week

08/06/2026

S. 54 of Income Tax Benefit cannot be Denied for Want of Registered Sale Deed: ITAT [Read Order]

https://www.taxscan.in/top-stories/of-income-tax-benefit-cannot-be-denied-for-want-of-registered-sale-deed-itat-1447126?utm_source=facebooksm&utm_medium=txn&utm_campaign=june8incometax

Delayed registration of a residential flat does not defeat a claim under Section 54F where the property was booked and substantial consideration was paid within the statutory investment period.

08/06/2026

Transferred Winding-Up Petitions Cannot Proceed u/s 9 IBC without Meeting Enhanced ₹1 Crore Default Threshold: NCLAT [Read Order]

https://www.taxscan.in/top-stories/transferred-winding-up-petitions-cannot-proceed-us-9-ibc-without-meeting-enhanced-1-crore-default-threshold-nclat-1447125?utm_source=facebooksm&utm_medium=txn&utm_campaign=june8petitions

NCLAT holds that transferred winding-up proceedings must satisfy prevailing IBC admission requirements and threshold limits

08/06/2026

ITAT Weekly Roundup

https://www.taxscan.in/top-stories/itat-weekly-roundup-1447124?utm_source=facebooksm&utm_medium=txn&utm_campaign=june8itat

The Round-up of the Income Tax Appellate Tribunal (ITAT) Cases Reported at Taxscan from 31 May 2026 to 6 June 2026. This weekly round-up encapsulates the key stories related to the...