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.
After Ahmedabad Air India Tragedy, Families to Receive Rs.1 Crore Compensation, But Is It Taxable?
The nation woke up to heartbreak on June 12, 2025, as news broke of the catastrophic Air India Flight AI171 crash in Ahmedabad. The London-bound ...
![CESTAT WEEKLY ROUND-UP [June 09 to June 14, 2025]](https://images.taxscan.in/h-upload/2025/06/14/500x300_2044364-cestat-weekly-round-up-cestat-round-up-weekly-round-up-taxscan.webp "CESTAT WEEKLY ROUND-UP [June 09 to June 14, 2025]")
![ITAT Allows Prior-Period Interest Deduction Citing No Revenue Loss [Read Order]](https://images.taxscan.in/h-upload/2025/06/14/500x300_2044235-interest-deduction-revenue-loss-itat.webp "ITAT Allows Prior-Period Interest Deduction Citing No Revenue Loss [Read Order]")
ITAT Quashes Revision Order: No Section 40A(3) Disallowance When Income Estimated via Gross Profit Rate [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has set aside a revision order issued under Section 263 of the Income Tax Act against the appellant, ruling that no separate disallowance under...
![ITAT Quashes Revision Order: No Section 40A(3) Disallowance When Income Estimated via Gross Profit Rate [Read Order]](https://images.taxscan.in/h-upload/2025/06/14/500x300_2044213-itat-itat-quashes-revision-order-no-section-40a3-disallowance-taxscan.webp "ITAT Quashes Revision Order: No Section 40A(3) Disallowance When Income Estimated via Gross Profit Rate [Read Order]")
![ITAT Quashes Assessments Citing Mechanical Approval u/s 153D [Read Order]](https://images.taxscan.in/h-upload/2025/06/14/500x300_2044201-mechanical-itat-assessment-application-of-mind-taxscan.webp "ITAT Quashes Assessments Citing Mechanical Approval u/s 153D [Read Order]")
ITAT Upholds Rule of Consistency: Rental Income from Leased Property Taxable as 'House Property', Not 'Business Income [Read Order]
The Income Tax Appellate Tribunal (ITAT) New Delhi Bench has reaffirmed the principle of consistency in tax treatment by ruling that rental income earned from leasing property should be taxed under...
![ITAT Upholds Rule of Consistency: Rental Income from Leased Property Taxable as House Property, Not Business Income [Read Order]](https://images.taxscan.in/h-upload/2025/06/13/500x300_2043636-rental-income-taxscan.webp "ITAT Upholds Rule of Consistency: Rental Income from Leased Property Taxable as House Property, Not Business Income [Read Order]")
ITAT Deletes Rs. 24 Lakh Capitation Fee Addition Due to Lack of Evidence Linking Payment to Assessee [Read Order]
The Income Tax Appellate Tribunal (ITAT) Delhi Bench has deleted an addition of Rs. 24 lakh made as alleged capitation fee for the assessment year 2013-14. The case revolved around an assessment...
![ITAT Deletes Rs. 24 Lakh Capitation Fee Addition Due to Lack of Evidence Linking Payment to Assessee [Read Order]](https://images.taxscan.in/h-upload/2025/06/13/500x300_2043626-itat-deletes-rs-24-lakh-capitation-fee-taxscan.webp "ITAT Deletes Rs. 24 Lakh Capitation Fee Addition Due to Lack of Evidence Linking Payment to Assessee [Read Order]")