Akhaigha T Josh
Income Tax Act, 2025: Know How it Impacts Individual Taxpayers, Businesses & Property Owners
The government has recently introduced the Income Tax Act, 2025, aimed at clarifying taxation, improving compliance, and ensuring greater...
![CESTAT sets aside Service Tax Demand as Invocation of Extended Limitation under Section 73(1) Not Sustainable [Read Order]](https://images.taxscan.in/h-upload/2025/08/26/250x150_2080571-cestat-sets-service-tax-demand-taxscan.webp "CESTAT sets aside Service Tax Demand as Invocation of Extended Limitation under Section 73(1) Not Sustainable [Read Order]")
![Liquidated Damages Not Taxable as Declared Service: CESTAT sets aside Service Tax Demand, Extended Limitation Unsustainable [Read Order]](https://images.taxscan.in/h-upload/2025/08/26/250x150_2080562-cestat-liquidated-damages-taxability-service-tax-demand-taxscan.webp "Liquidated Damages Not Taxable as Declared Service: CESTAT sets aside Service Tax Demand, Extended Limitation Unsustainable [Read Order]")
![Assessment set aside as AO Failed to Enquire into ₹90.89L Payments: ITAT upholds Revision u/s 263, Making Order Erroneous and Prejudicial to Revenue [Read Order]](https://images.taxscan.in/h-upload/2025/08/23/250x150_2079976-revision-order-taxscan.webp "Assessment set aside as AO Failed to Enquire into ₹90.89L Payments: ITAT upholds Revision u/s 263, Making Order Erroneous and Prejudicial to Revenue [Read Order]")
![ITAT WEEKLY ROUND-UP [August 17th - August 23rd]](https://images.taxscan.in/h-upload/2025/08/23/250x150_2079966-itat-weekly-round-up-itat-income-tax-income-tax-updates-itat-news-income-tax-news-taxscan.webp "ITAT WEEKLY ROUND-UP [August 17th - August 23rd]")
CESTAT quashes Customs Broker License Revocation as SCN and Order Issued Beyond Mandatory Time Limits under CBLR Regulation 17 [Read Order]
The New Delhi Bench of the Customs, Excise & Service Tax Appellate Tribunal (CESTAT) set aside the revocation order of the Customs Broker License and the forfeiture of the whole security...
![CESTAT quashes Customs Broker License Revocation as SCN and Order Issued Beyond Mandatory Time Limits under CBLR Regulation 17 [Read Order]](https://images.taxscan.in/h-upload/2025/08/23/500x300_2079972-cestat-quashes-customs-broker-license-revocation-scn-taxscan.webp "CESTAT quashes Customs Broker License Revocation as SCN and Order Issued Beyond Mandatory Time Limits under CBLR Regulation 17 [Read Order]")
SanDisk India not a Taxable DAPE of Western Digital: ITAT Rejects Survey Based Profit Attribution of ₹194.44 Cr under India-US DTAA [Read Order]
The Bangalore Bench of the Income Tax Appellate Tribunal (ITAT) has held that SanDisk India is not a Dependent Agent Permanent Establishment (DAPE) of Western Digital Technologies Inc. under...
![SanDisk India not a Taxable DAPE of Western Digital: ITAT Rejects Survey Based Profit Attribution of ₹194.44 Cr under India-US DTAA [Read Order]](https://images.taxscan.in/h-upload/2025/08/23/500x300_2079938-sandisk-india-itat-western-digital-tax-case-taxscan.webp "SanDisk India not a Taxable DAPE of Western Digital: ITAT Rejects Survey Based Profit Attribution of ₹194.44 Cr under India-US DTAA [Read Order]")
ITAT fixes FMV of Land at ₹60/sq.m for Capital Gain Calculation, directs AO to Verify Deduction u/s 54 [Read Order]
The Surat Bench of the Income Tax Appellate Tribunal (ITAT) has partly allowed the appeal by fixing the fair market value (FMV) of land at ₹60 per sq.m as on 01.04.1981 for capital gain computation...
![ITAT fixes FMV of Land at ₹60/sq.m for Capital Gain Calculation, directs AO to Verify Deduction u/s 54 [Read Order]](https://images.taxscan.in/h-upload/2025/08/23/500x300_2079909-itat-capital-gain-calculation-taxscan.webp "ITAT fixes FMV of Land at ₹60/sq.m for Capital Gain Calculation, directs AO to Verify Deduction u/s 54 [Read Order]")
Agreement Value at Booking Exceeded Stamp Duty Value: ITAT Deletes ₹38.69L Addition on Sale of 12 Flats as Section 43CA Not Applicable [Read Order]
The Pune Bench of the Income Tax Appellate Tribunal (ITAT) has deleted an addition of ₹38,69,867 made under section 43CA of the Income Tax Act, 1961, as the agreement value at the time of booking...
![Agreement Value at Booking Exceeded Stamp Duty Value: ITAT Deletes ₹38.69L Addition on Sale of 12 Flats as Section 43CA Not Applicable [Read Order]](https://images.taxscan.in/h-upload/2025/08/23/500x300_2079906-itat-pune-section-43ca-case-stamp-duty-value-taxscan.webp "Agreement Value at Booking Exceeded Stamp Duty Value: ITAT Deletes ₹38.69L Addition on Sale of 12 Flats as Section 43CA Not Applicable [Read Order]")
Assessment Beyond Limitation Period Barred u/s 153(2): ITAT Quashes Reassessment and Penalty Against Non-Resident [Read Order]
The Hyderabad Bench of the Income Tax Appellate Tribunal (ITAT) has held that where reassessment is not completed within the statutory time limit prescribed under section 153(2) of the Income...
![Assessment Beyond Limitation Period Barred u/s 153(2): ITAT Quashes Reassessment and Penalty Against Non-Resident [Read Order]](https://images.taxscan.in/h-upload/2025/08/22/500x300_2079341-assessment-tat-quashes-penalty-taxscan.webp "Assessment Beyond Limitation Period Barred u/s 153(2): ITAT Quashes Reassessment and Penalty Against Non-Resident [Read Order]")
Senior Citizen’s Demonetization ₹10.46L Deposits Explained as Prior Withdrawals: ITAT Sets Aside Cash Deposit Addition u/s 69A [Read Order]
The Chandigarh Bench of the Income Tax Appellate Tribunal (ITAT) has held that cash deposits made by the assessee during the demonetization period were explained as being sourced from earlier...
![Senior Citizen’s Demonetization ₹10.46L Deposits Explained as Prior Withdrawals: ITAT Sets Aside Cash Deposit Addition u/s 69A [Read Order]](https://images.taxscan.in/h-upload/2025/08/22/500x300_2079277-itat-demonetization-cash-deposits-taxscan.webp "Senior Citizen’s Demonetization ₹10.46L Deposits Explained as Prior Withdrawals: ITAT Sets Aside Cash Deposit Addition u/s 69A [Read Order]")
Indusind Bank Share Transactions Explained, No Unexplained Cash Deposits: ITAT Quashes PCIT’s Revision u/s 263 [Read Order]
The Chandigarh Bench of the Income Tax Appellate Tribunal (ITAT) has held that the share transactions of the assessee were genuine and not bogus long term capital gains (LTCG), and deleted the...
![Indusind Bank Share Transactions Explained, No Unexplained Cash Deposits: ITAT Quashes PCIT’s Revision u/s 263 [Read Order]](https://images.taxscan.in/h-upload/2025/08/22/500x300_2079278-indusind-bank-taxscan.webp "Indusind Bank Share Transactions Explained, No Unexplained Cash Deposits: ITAT Quashes PCIT’s Revision u/s 263 [Read Order]")