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.
![ITAT Upholds Tax on Unsold Inventory as Income from House Property, Directs Recalculation of ALV Based on Market Rates [Read Order]](https://images.taxscan.in/h-upload/2025/06/23/500x300_2053072-itat-itat-mumbai-income-from-house-property-business-assets-taxscan.webp "ITAT Upholds Tax on Unsold Inventory as Income from House Property, Directs Recalculation of ALV Based on Market Rates [Read Order]")
ITAT Upholds Tax on Unsold Inventory as 'Income from House Property,' Directs Recalculation of ALV Based on Market Rates [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) has upheld the taxability of unsold flats held as stock-in-trade under the head ...
![ITAT Slams CIT(A) for Denial of Natural Justice, Restores Unsecured Loan Addition Case to AO for Fresh Hearing [Read Order]](https://images.taxscan.in/h-upload/2025/06/23/250x150_2053079-itat-itat-slams-cita-cita-for-denial-of-natural-justice-denial-of-natural-justice-natural-justice-taxscan.webp "ITAT Slams CIT(A) for Denial of Natural Justice, Restores Unsecured Loan Addition Case to AO for Fresh Hearing [Read Order]")
![ITAT Directs Fresh Assessment in Petrol Pump Case, Cites Denial of Natural Justice Over Electronic Notices [Read Order]](https://images.taxscan.in/h-upload/2025/06/23/250x150_2053053-petroleum-companies-dealer-tax-petroleum-companies-tax-petroleum-dealer-tax-gst-on-petroleum-dealer-petroleum-dealer-gst-taxscan.webp "ITAT Directs Fresh Assessment in Petrol Pump Case, Cites Denial of Natural Justice Over Electronic Notices [Read Order]")
![CESTAT Weekly Round-Up [June 16 to June 21, 2025]](https://images.taxscan.in/h-upload/2025/06/21/500x300_2051750-cestat-cestat-weekly-round-up-taxscan.webp "CESTAT Weekly Round-Up [June 16 to June 21, 2025]")
Assessee Denied Chance to Present Case on TDS Credit for Client Funds, ITAT Rules for Fresh Hearing [Read Order]
The Income Tax Appellate Tribunal (ITAT), Lucknow Bench, has set aside three appellate orders concerning the assessment years 2014–15, 2015–16, and 2016–17, after holding that the assessee was not...
![Assessee Denied Chance to Present Case on TDS Credit for Client Funds, ITAT Rules for Fresh Hearing [Read Order]](https://images.taxscan.in/h-upload/2025/06/18/500x300_2050142-tds-credit-client-funds-itat-taxscan.webp "Assessee Denied Chance to Present Case on TDS Credit for Client Funds, ITAT Rules for Fresh Hearing [Read Order]")
ITAT Upholds CIT(A) Ruling, Excludes Business Advances from Deemed Dividend u/s 2(22)(e) [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench ‘F’, has dismissed the Revenue’s appeal against the deletion of an addition made under Section 2(22)(e) of the Income Tax Act, ruling that the...
![ITAT Upholds CIT(A) Ruling, Excludes Business Advances from Deemed Dividend u/s 2(22)(e) [Read Order]](https://images.taxscan.in/h-upload/2025/06/19/500x300_2050294-itat-itat-delhi-business-advances-taxscan.webp "ITAT Upholds CIT(A) Ruling, Excludes Business Advances from Deemed Dividend u/s 2(22)(e) [Read Order]")
ITAT Bars Double Taxation: Protective Addition Deleted as Income Already Assessed Elsewhere [Read Order]
The Income Tax Appellate Tribunal (ITAT) Delhi Bench has ruled that a protective addition cannot be sustained when the same income has already been assessed in the hands of another entity, thereby...
![ITAT Bars Double Taxation: Protective Addition Deleted as Income Already Assessed Elsewhere [Read Order]](https://images.taxscan.in/h-upload/2025/06/18/500x300_2050108-itat-itat-bars-double-taxation-itat-bars-double-taxation-taxscan.webp "ITAT Bars Double Taxation: Protective Addition Deleted as Income Already Assessed Elsewhere [Read Order]")
ITAT Remands Case to AO Citing Lack of Opportunity, Orders Fresh Scrutiny of ₹2.15 Cr Demonetization Deposits [Read Order]
The Income Tax Appellate Tribunal (ITAT) Patna Bench has sent back a case involving cash deposits of ₹2.15 crore during the demonetization period for fresh examination, highlighting that the...
![ITAT Remands Case to AO Citing Lack of Opportunity, Orders Fresh Scrutiny of ₹2.15 Cr Demonetization Deposits [Read Order]](https://images.taxscan.in/h-upload/2025/06/18/500x300_2050135-itat-itat-remands-case-ao-citing-lack-of-opportunity-lack-of-opportunity-taxscan.webp "ITAT Remands Case to AO Citing Lack of Opportunity, Orders Fresh Scrutiny of ₹2.15 Cr Demonetization Deposits [Read Order]")
ITAT Rules in Favor of Assessee: Renovation Expenses Within CBDT’s Extended Deadline Qualify for Section 54F Relief [Read Order]
The Income Tax Appellate Tribunal (ITAT) Delhi Bench ‘F’ has ruled that renovation expenses incurred within the extended deadline set by the Central Board of Direct Taxes (CBDT) are eligible for...
![ITAT Rules in Favor of Assessee: Renovation Expenses Within CBDT’s Extended Deadline Qualify for Section 54F Relief [Read Order]](https://images.taxscan.in/h-upload/2025/06/18/500x300_2050118-itat-itat-rules-itat-rules-in-favor-of-assessee-renovation-renovation-expenses-taxscan.webp "ITAT Rules in Favor of Assessee: Renovation Expenses Within CBDT’s Extended Deadline Qualify for Section 54F Relief [Read Order]")