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.
Taxation of Capital Gains in the Stock Market: Explained
Investing in the stock market has become a preferred choice for many individuals looking to grow their wealth. But alongside potential profits comes...
![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...
ITAT Directs CIT(A) to Condone 55-Day Delay in Appeal Filed Over Rs. 37.46 Lakh Deduction Claim, Despite Nil Income Declaration [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune Bench, has directed the Commissioner of Income Tax (Appeals) CIT(A) to condone a 55-day delay in appeal. The appeal contested the denial of a deduction...
![ITAT Directs CIT(A) to Condone 55-Day Delay in Appeal Filed Over Rs. 37.46 Lakh Deduction Claim, Despite Nil Income Declaration [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/ITAT-Condone-55-Day-Delay-Condone-Delay-taxscan.jpg "ITAT Directs CIT(A) to Condone 55-Day Delay in Appeal Filed Over Rs. 37.46 Lakh Deduction Claim, Despite Nil Income Declaration [Read Order]")
ITAT Allows Final Opportunity to Justify Rs. 34 Lakh Deposits, Cites Fresh Evidence as Reason [Read Order]
The Income Tax Appellate Tribunal (ITAT) Pune Bench has directed tax authorities to reconsider a case involving unexplained cash deposits of Rs 34.01 lakh, providing the taxpayer one final chance to...
![ITAT Allows Final Opportunity to Justify Rs. 34 Lakh Deposits, Cites Fresh Evidence as Reason [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/ITAT-addition-Cash-Deposits-Bank-Accounts-failure-explain-Sources-TAXSCAN.jpg "ITAT Allows Final Opportunity to Justify Rs. 34 Lakh Deposits, Cites Fresh Evidence as Reason [Read Order]")