Adwaid M S
Adwaid M S is a BBA-LL.B (Hons.) student at Government Law College Kozhikode with a deep passion for Space and Sports Laws, combining his legal acumen with a keen interest in quizzing and intellectual pursuits.
![Bombay HC Dismisses Writ Petition Against Retrospective Withdrawal of Industrial Park Tax Benefits [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Writ-Petition-Madras-High-Court-Delivery-of-Goods-TAXSCAN.jpg "Bombay HC Dismisses Writ Petition Against Retrospective Withdrawal of Industrial Park Tax Benefits [Read Order]")
Bombay HC Dismisses Writ Petition Against Retrospective Withdrawal of Industrial Park Tax Benefits [Read Order]
The Bombay High Court has dismissed a writ petition challenging the retrospective withdrawal of tax benefits under the Industrial Park Scheme, 2002....
![Bombay HC Dismisses Revenue’s Appeal, Upholds ITAT Order Quashing ‘Mechanical’ Reassessment Initiated Without AO’s Independent Satisfaction [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/ITAT-Order-Reassessment-Upholds-ITAT-Order-Quashing-taxscan.jpg "Bombay HC Dismisses Revenue’s Appeal, Upholds ITAT Order Quashing ‘Mechanical’ Reassessment Initiated Without AO’s Independent Satisfaction [Read Order]")
ITAT Overturns 'On-Money' Additions, Rules Third-Party Documents Inadmissible Without Verification [Read Order]
The Income Tax Appellate Tribunal (ITAT), Nagpur bench, has quashed tax additions totaling Rs. 2.66 crore made against three assessees Taradevi Babulal Patni, Patni Housing Private Limited, and...
![ITAT Overturns On-Money Additions, Rules Third-Party Documents Inadmissible Without Verification [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Third-Party-Documents-site-img.jpg "ITAT Overturns On-Money Additions, Rules Third-Party Documents Inadmissible Without Verification [Read Order]")
Income Tax Authorities Failed to Determine Whether Taxed Amount is Lottery Win or Corporate Gift: ITAT Sends Matter Back to AO for Fresh Consideration [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Ranchi Bench, has set aside an income tax demand after finding that the income tax authorities failed to clearly determine whether the taxed amount was...
![Income Tax Authorities Failed to Determine Whether Taxed Amount is Lottery Win or Corporate Gift: ITAT Sends Matter Back to AO for Fresh Consideration [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/corporate-gift-site-img.jpg "Income Tax Authorities Failed to Determine Whether Taxed Amount is Lottery Win or Corporate Gift: ITAT Sends Matter Back to AO for Fresh Consideration [Read Order]")
India-UAE DTAA Prevails: ITAT Allows 100% Deduction for Head Office Expenses, Bypasses Section 44C Restrictions [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal ( ITAT ) has held that the limitation under Section 44C of the Income Tax Act, 1961, is overridden by the provisions of the India-UAE Double...
![India-UAE DTAA Prevails: ITAT Allows 100% Deduction for Head Office Expenses, Bypasses Section 44C Restrictions [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/India-UAE-DTAA-site-img.jpg "India-UAE DTAA Prevails: ITAT Allows 100% Deduction for Head Office Expenses, Bypasses Section 44C Restrictions [Read Order]")
Loans from Subsidiary to Holding Company not Deemed Dividend u/s 2(22)(e) When Transactions are Part of Consistent Business Practice: ITAT [Read Order]
In a recent ruling, the Income Tax Appellate Tribunal ( ITAT ) Kolkata Bench has held that loans received by a holding company from its subsidiary cannot be taxed as deemed dividend under Section...
![Loans from Subsidiary to Holding Company not Deemed Dividend u/s 2(22)(e) When Transactions are Part of Consistent Business Practice: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Loans-Subsidiary-Holding-Company-taxscan.jpg "Loans from Subsidiary to Holding Company not Deemed Dividend u/s 2(22)(e) When Transactions are Part of Consistent Business Practice: ITAT [Read Order]")
ITAT Enforces CBDT Threshold: Revenue's Rs. 12.82 Lakh Appeal Dismissed under Rs. 60 Lakh Limit [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune Bench, dismissed an appeal filed by the Revenue Department citing the Central Board of Direct Taxes (CBDT) monetary limit for filing appeals. The...
![ITAT Enforces CBDT Threshold: Revenues Rs. 12.82 Lakh Appeal Dismissed under Rs. 60 Lakh Limit [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/CBDT-CBDT-announces-CBDT-announces-e-Dispute-Resolution-Scheme-Taxscan.jpg "ITAT Enforces CBDT Threshold: Revenues Rs. 12.82 Lakh Appeal Dismissed under Rs. 60 Lakh Limit [Read Order]")
Centre to SC: Games of Skill with Stakes Are Gambling, Must Face 28% GST on Full Entry Amount
In a landmark legal battle that could define the future of India’s booming online gaming industry, the Central Government has told the Supreme Court that any game involving monetary stakes—regardless...
