Franklin Joshva
![AO Erred in Assessing Trusts ₹ 3.30 Crore Interest-Free Loan & Interest Income: ITAT Orders Fresh Reassessment [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/AO-Interest-Free-Loan-Interest-Income-ITAT-Reassessment-Assessment-Year-ITAT-news-income-tax-news-income-tax-Fresh-Reassessment-Taxscan.jpg "AO Erred in Assessing Trusts ₹ 3.30 Crore Interest-Free Loan & Interest Income: ITAT Orders Fresh Reassessment [Read Order]")
AO Erred in Assessing Trust's ₹ 3.30 Crore Interest-Free Loan & Interest Income: ITAT Orders Fresh Reassessment [Read Order]
The Pune bench of Income Tax Appellate Tribunal (ITAT) directed a fresh reassessment due to the Assessing Officer (AO) erred in assessing the...
![Taxpayer Unable to Collect Notice: ITAT Condones 340 Days Delay, Remands S.69A Matter [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Taxpayer-ITAT-ITAT-Condones-filing-appeal-considering-Income-Tax-Return-AO-Income-tax-Income-tax-news-ITAT-news-ITAT-India-ITR-assessment-Taxscan.jpg "Taxpayer Unable to Collect Notice: ITAT Condones 340 Days Delay, Remands S.69A Matter [Read Order]")
![ITAT quashes AO’s Rs. 57.03 Lakh Cash Deposit Addition & Penalty, Grants Fresh Hearing [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-Lucknow-Income-tax-Income-Tax-News-ITAT-quashes-penalty-Taxscan.jpg "ITAT quashes AO’s Rs. 57.03 Lakh Cash Deposit Addition & Penalty, Grants Fresh Hearing [Read Order]")
FM announces New Scheme for 5 lakh Women, Scheduled Castes and Scheduled Tribes first-time entrepreneurs in Union Budget 2025
The Finance Minister Nirmala Sitharaman presented the Union Budget 2025 on February 1st, 2025 at 11:00 AM before the Parliament, putting forth a new scheme for 5 lakh women, Scheduled Castes, and...
Additional Income declared in Survey considered as Business Income not Charged u/s 68, 69A: ITAT [Read Order]
The Jaipur Bench of Income Tax Appellate Tribunal ( ITAT ) ruled that additional income declared in the survey was considered business income and not charged under Sections 69 and 69A of the Income...
![Additional Income declared in Survey considered as Business Income not Charged u/s 68, 69A: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-Business-Income-Additional-Income-taxscan.jpg "Additional Income declared in Survey considered as Business Income not Charged u/s 68, 69A: ITAT [Read Order]")
Setback to AAI: ITAT Directs Recalculation of Exempt Income Disallowance u/r 8D at 1%, Rejecting Sufficient Interest-Free Funds Claim [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) directed the recalculation of exempt income disallowance under Rule 8D at 1%, rejecting the Airport Authority of India (AAI)’s claim of...
![Setback to AAI: ITAT Directs Recalculation of Exempt Income Disallowance u/r 8D at 1%, Rejecting Sufficient Interest-Free Funds Claim [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/AAI-ITAT-ITAT-Directs-Recalculation-of-Exempt-Income-Sufficient-Interest-Free-Funds-Claim-ITAT-INDIA-Airport-Authority-of-India-ITAT-DELHI-ITAT-NEWS-Income-tax-Income-tax-news-Taxscan.jpg "Setback to AAI: ITAT Directs Recalculation of Exempt Income Disallowance u/r 8D at 1%, Rejecting Sufficient Interest-Free Funds Claim [Read Order]")
Lack of Specific FCRA Violation Details u/s S.12AB: ITAT quashes Registration Rejection Order [Read Order]
The Jaipur Bench of Income Tax Appellate Tribunal (ITAT) quashed the rejection order of the Commissioner of Income Tax (Exemption) [CIT(E)] citing that the order lacked specific details of violation...
![Lack of Specific FCRA Violation Details u/s S.12AB: ITAT quashes Registration Rejection Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Lack-of-Specific-FCRA-FCRA-FCRA-Violation-Details-FCRA-Violation-ITAT-ITAT-quashes-Registration-Rejection-Order-Rejection-Order-taxscan.jpg "Lack of Specific FCRA Violation Details u/s S.12AB: ITAT quashes Registration Rejection Order [Read Order]")
Relief for Air India: ITAT directs Use of Average Value u/r 8D for Accurate Investment Calculation, Replacing AO's Market Value Approach [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) granted relief for Air India by directing the Assessing Officer (AO) to use the Average Value of Investment to recalculate disallowance under...
![Relief for Air India: ITAT directs Use of Average Value u/r 8D for Accurate Investment Calculation, Replacing AOs Market Value Approach [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-ruling-Average-value-Market-value-approach-Tax-relief-Income-tax-calculation-Tax-ruling-India-Rule-8D-ITAT-decision-ITAT-Mumbai-taxscan.jpg "Relief for Air India: ITAT directs Use of Average Value u/r 8D for Accurate Investment Calculation, Replacing AOs Market Value Approach [Read Order]")
Finance Ministry Announces 2025 Recruitment Rules for Deputy Director of Enforcement (Group ‘A’) [Read Notification]
The Ministry of Finance in the Department of Revenue, Directorate of Enforcement issued a notification about the recruitment rules for Deputy Director of Enforcement (Group A). These rules are called...
