Eeva Mary Sanil
Income from Freelancing? Here is How You Will Be Taxed in 2025
Freelancing is no longer a choice; it’s a serious, professional career path. More and more Indians are ditching the conventional 9-to-5 life in...
![ITAT quashes Final Assessment Order Passed Without Draft Order, terms it Void ab Initio [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Draft-Order-Delhi-ITAT-Assessment-Order-taxscan.jpg "ITAT quashes Final Assessment Order Passed Without Draft Order, terms it Void ab Initio [Read Order]")
![ITAT quashes Penalty on Depreciation Claim: Section 271(1)(c) Not To be Applied for Honest Mistakes [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/ITAT-Penalty-Depreciation-Claim-TAXSCAN.jpg "ITAT quashes Penalty on Depreciation Claim: Section 271(1)(c) Not To be Applied for Honest Mistakes [Read Order]")
![Unaccounted Deposits Are Liabilities, Not Income, u/s 68 of the Income Tax Act: ITAT Deletes ₹66 Lakh Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/deposits-ITAT-income-tax-taxscan.jpg "Unaccounted Deposits Are Liabilities, Not Income, u/s 68 of the Income Tax Act: ITAT Deletes ₹66 Lakh Addition [Read Order]")
ITAT holds Penalty u/s 271(1)(c) Unjustified in Absence of Malafide Intent, rejects Precedent [Read Order]
In a recent ruling, the Mumbai bench of the Income Tax Appellate Tribunal (ITAT) held that the penalty under Section 271(1)(c) of the Income Tax Act, 1961, was not sustainable as the omission of...
![ITAT holds Penalty u/s 271(1)(c) Unjustified in Absence of Malafide Intent, rejects Precedent [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/ITAT-penalty-rejects-Precedent-TAXSCAN.jpg "ITAT holds Penalty u/s 271(1)(c) Unjustified in Absence of Malafide Intent, rejects Precedent [Read Order]")
No Possession, No Taxation: ITAT Deletes Capital Gains Addition u/s 2(47) of Income Tax Act [Read Order]
The Pune bench of the Income Tax Appellate Tribunal (ITAT) has remanded a matter back to the Assessing Officer for fresh verification in a case involving alleged capital gains based on a cancelled...
![No Possession, No Taxation: ITAT Deletes Capital Gains Addition u/s 2(47) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/WhatsApp-Image-2025-04-08-at-1.39.50-PM.jpeg "No Possession, No Taxation: ITAT Deletes Capital Gains Addition u/s 2(47) of Income Tax Act [Read Order]")
Income Tax Addition for Turnover Mismatch Set Aside Due to Lack of Evidence: ITATÂ Deletes Disallowance under Section 40A(3) as Income was Estimated [Read Order]
In a recent ruling, the Raipur Bench of the Income Tax Appellate Tribunal (ITAT) partly allowed appeals for multiple assessment years by holding that where income is assessed on an estimated basis,...
![Income Tax Addition for Turnover Mismatch Set Aside Due to Lack of Evidence: ITATÂ Deletes Disallowance under Section 40A(3) as Income was Estimated [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/ITAT-ITAT-Raipur-Income-Tax-Addition-Addition-for-Turnover-Mismatch-TAXSCAN.jpg "Income Tax Addition for Turnover Mismatch Set Aside Due to Lack of Evidence: ITATÂ Deletes Disallowance under Section 40A(3) as Income was Estimated [Read Order]")
Violation of Natural Justice: ITAT Sets Aside CIT(A)’s Ex-Parte Order Passed without Notice to Assessee [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT), in a recent ruling has set aside an ex-parte order passed by the Commissioner of Income Tax (Appeals), National Faceless Appeal Centre...
![Violation of Natural Justice: ITAT Sets Aside CIT(A)’s Ex-Parte Order Passed without Notice to Assessee [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/natural-justice-site-img-1.jpg "Violation of Natural Justice: ITAT Sets Aside CIT(A)’s Ex-Parte Order Passed without Notice to Assessee [Read Order]")
ITAT Quashes PCIT's Order u/s 263 Against Bharti Airtel, Holds Interest and Penalty on License Fee as Revenue Expenditure [Read Order]
In a recent ruling, the Delhi Bench of the Income Tax Appellate Tribunal (ITAT) quashed the revisionary order passed by the Principal Commissioner of Income Tax (PCIT) under Section 263 of the Income...
![ITAT Quashes PCITs Order u/s 263 Against Bharti Airtel, Holds Interest and Penalty on License Fee as Revenue Expenditure [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/ITAT-ruling-PCIT-order-Bharti-Airtel-tax-taxscan.jpg "ITAT Quashes PCITs Order u/s 263 Against Bharti Airtel, Holds Interest and Penalty on License Fee as Revenue Expenditure [Read Order]")
ITAT Favours JCB India: Rejects Arbitrary Royalty Adjustments, Directs TPO to Follow Advance Pricing Agreement Standards [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT)set aside an arbitrary transfer pricing adjustment on royalty payments and directed the Transfer Pricing Officer (TPO) to align with the...
![ITAT Favours JCB India: Rejects Arbitrary Royalty Adjustments, Directs TPO to Follow Advance Pricing Agreement Standards [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/ITAT-JCB-India-Rejects-Arbitrary-Royalty-Adjustments-Directs-TPO-Advance-Pricing-Agreement-Standards-taxscan.jpg "ITAT Favours JCB India: Rejects Arbitrary Royalty Adjustments, Directs TPO to Follow Advance Pricing Agreement Standards [Read Order]")
ITAT rules Section 115JB Inapplicable to SBI for AY 2006-07, Exempts Banks from MAT Provisions [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT), provided relief to the State Bank of India (SBI) in an appeal concerning the applicability of Minimum Alternate Tax (MAT) provisions...
![ITAT rules Section 115JB Inapplicable to SBI for AY 2006-07, Exempts Banks from MAT Provisions [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/ITAT-ITAT-Mumbai-Section-115JB-of-Income-Tax-Act-Income-Tax-Act-TAXSCAN.jpg "ITAT rules Section 115JB Inapplicable to SBI for AY 2006-07, Exempts Banks from MAT Provisions [Read Order]")