Eeva Mary Sanil
Intermediaries may soon get Exporter Status as GST Council Reviews Tax Rules
Thе 55th Goods аnd Seviсe Tах ( GSТ ) Cоuncil is set tо discuss а proposаl thаt could рrovide tаx relief tо intermediаries likе brоkers аnd аgents...
![Таx onсe Accоunted u/s 245D(4) cаnnоt be Reаssessed u/s 69С: IТАТ deletes Additiоn Prеvеnting Dоuble Tахаtiоn [Read Order]](https://images.taxscan.in/h-upload/2025/06/03/250x150_2041089-itat-itat-mumbai-duble-ttin-taxscan.webp "Таx onсe Accоunted u/s 245D(4) cаnnоt be Reаssessed u/s 69С: IТАТ deletes Additiоn Prеvеnting Dоuble Tахаtiоn [Read Order]")
![Trаnsаctiоns with Nоn-Еxistent Suppliers: Delhi HС upholds Reаssessment u/s 148 оf IТ Aсt [Read Order]](https://images.taxscan.in/h-upload/2025/06/03/250x150_2041085-delhi-h-trnsctins-with-nn-xistent-suppliers-nn-xistent-suppliers-delhi-igh-curt-ressessment-taxscan.webp "Trаnsаctiоns with Nоn-Еxistent Suppliers: Delhi HС upholds Reаssessment u/s 148 оf IТ Aсt [Read Order]")
Inapplicability of 12A(1)(ba) Amendment for 2017-18 AY: ITAT grants Temple Trust Exemptions u/s 11&12 [Read Order]
The Surat bench of the Income Tax Appellate Tribunal ( ITAT ), in the case of Shri Siddhanath Mahadev Temple, held that the temple trust is entitled to tax exemptions under Sections 11 and 12 of the...
![Inapplicability of 12A(1)(ba) Amendment for 2017-18 AY: ITAT grants Temple Trust Exemptions u/s 11&12 [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/Inapplicability-12A1ba-Amendment-2017-18-AY-ITAT-Temple-Trust-Exemptions-taxscan.jpg "Inapplicability of 12A(1)(ba) Amendment for 2017-18 AY: ITAT grants Temple Trust Exemptions u/s 11&12 [Read Order]")
Reassessment of Alleged Bogus LTCG/STCG Based on AO's Assumptions u/s 143(3) of Income Tax: ITAT remands case to CIT(A)
In a recent case, the Ranchi bench of the Income Tax Appellate Tribunal ( ITAT ) held that mere allegations of fake transactions cannot be the basis of further judicial proceedings. If any allegation...
Natural Justice Violated by unfair Deadline: ITAT Remands ₹1.3 Cr Addition case u/s 69C to AO [Read Order]
The Surat bench of the Income Tax Appellate Tribunal ( ITAT ) in the case of supersonic impex held that a deadline of three days for submission of all relevant records of the assessee’s accounts was...
![Natural Justice Violated by unfair Deadline: ITAT Remands ₹1.3 Cr Addition case u/s 69C to AO [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Surat-Income-Tax-Appellate-Tribunal-Section-250-of-Income-Tax-Act-Income-Tax-Act-taxscan.jpg "Natural Justice Violated by unfair Deadline: ITAT Remands ₹1.3 Cr Addition case u/s 69C to AO [Read Order]")
ITAT Rejects Cooperative Bank's Bad Debt Reserve Claim u/s 36(1)(viia), Allows FD Loss as Business Expense [Read Order]
The Surat Bench of the Income Tax Appellate Tribunal ( ITAT ), in a recent ruling, rejected a cooperative bank's claim of bank debt reserves under Section 36(1)(viia) of the Income Tax Act 1961,...
![ITAT Rejects Cooperative Banks Bad Debt Reserve Claim u/s 36(1)(viia), Allows FD Loss as Business Expense [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Surat-Income-Tax-Appellate-Tribunal-Section-361viia-of-Income-Tax-Act-taxscan.jpg "ITAT Rejects Cooperative Banks Bad Debt Reserve Claim u/s 36(1)(viia), Allows FD Loss as Business Expense [Read Order]")
AO classifies Agricultural Expenses as Undisclosed Income u/s 69(c): ITAT Deletes Addition [Read Order]
The Surat bench of the Income Tax Appellate Tribunal (ITAT) deleted an addition made by the Assessing Officer (AO) against the assessee on agricultural expenses as undisclosed income under Section...
![AO classifies Agricultural Expenses as Undisclosed Income u/s 69(c): ITAT Deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-Surat-Income-tax-section-69-section-69-of-the-income-tax-act-taxscan.jpg "AO classifies Agricultural Expenses as Undisclosed Income u/s 69(c): ITAT Deletes Addition [Read Order]")