![ITAT Dismisses Revenue’s Appeal, Upholds Deletion of ₹5.2 Crore Addition Under Section 41(1) Due to Lack of Cessation of Liability Evidence [Read Order]](https://images.taxscan.in/h-upload/2025/07/10/500x300_2062349-liability-evidence.webp "ITAT Dismisses Revenue’s Appeal, Upholds Deletion of ₹5.2 Crore Addition Under Section 41(1) Due to Lack of Cessation of Liability Evidence [Read Order]")
ITAT Dismisses Revenue’s Appeal, Upholds Deletion of ₹5.2 Crore Addition Under Section 41(1) Due to Lack of Cessation of Liability Evidence [Read Order]
The Income Tax Appellate Tribunal (ITAT), Nagpur Bench, has dismissed an appeal filed by the Revenue and affirmed the deletion of ₹5.2 crore added ...
![ITAT Grants School Principal Fresh Hearing in 3.65 Crore Tax Case, Cites Procedural Lapses [Read Order]](https://images.taxscan.in/h-upload/2025/07/10/250x150_2062337-tax-for-school-principal.webp "ITAT Grants School Principal Fresh Hearing in 3.65 Crore Tax Case, Cites Procedural Lapses [Read Order]")
![GST Dept Must Grant Time Extension for Submitting Additional Documents When Sought: Madras HC [Read Order]](https://images.taxscan.in/h-upload/2025/07/10/250x150_2062345-gst-dept-gst-gst-dept-must-grant-time-extension-grant-time-extension-taxscan.webp "GST Dept Must Grant Time Extension for Submitting Additional Documents When Sought: Madras HC [Read Order]")
![SBI Wins Before CESTAT on Service Tax Demand for Interchange and Free ATM Services: Supreme Court to Hear Related Appeal Together [Read Judgement]](https://images.taxscan.in/h-upload/2025/07/10/250x150_2062340-cestat-service-tax-demand-sbi-taxscan.webp "SBI Wins Before CESTAT on Service Tax Demand for Interchange and Free ATM Services: Supreme Court to Hear Related Appeal Together [Read Judgement]")
ITAT Rules in Favor of Rural Co-op Society: Deduction Under Section 80P Valid for Nominal Members, Overturns CIT(A) Order [Read Order]
In a significant relief for rural cooperative credit societies, the Income Tax Appellate Tribunal (ITAT) Nagpur Bench has ruled in favor of the appellant, allowing the deduction under Section 80P of...
![ITAT Rules in Favor of Rural Co-op Society: Deduction Under Section 80P Valid for Nominal Members, Overturns CIT(A) Order [Read Order]](https://images.taxscan.in/h-upload/2025/07/10/500x300_2062326-itat-s80p-co-op-society-tax-taxscan-1.webp "ITAT Rules in Favor of Rural Co-op Society: Deduction Under Section 80P Valid for Nominal Members, Overturns CIT(A) Order [Read Order]")
![Assessees Failure to Submit Evidence Leads ITAT to Remand Case for Fresh Hearing [Read Order]](https://images.taxscan.in/h-upload/2025/07/10/500x300_2062320-itat-fresh-hearing-taxscan.webp "Assessees Failure to Submit Evidence Leads ITAT to Remand Case for Fresh Hearing [Read Order]")
Win for Ford India: Supreme Court Allows Transitional Credit Even If Not Reflected in Electronic Credit Ledger on Refund Date [Read Judgement]
In a recent ruling, the Supreme Court upheld Ford India’s right to claim GST refunds using transitional credit, even if the credit was not reflected in the electronic credit ledger on the refund...
![Win for Ford India: Supreme Court Allows Transitional Credit Even If Not Reflected in Electronic Credit Ledger on Refund Date [Read Judgement]](https://images.taxscan.in/h-upload/2025/07/10/500x300_2062307-ford-india-transitional-credit-electronic-credit-ledger-taxscan.webp "Win for Ford India: Supreme Court Allows Transitional Credit Even If Not Reflected in Electronic Credit Ledger on Refund Date [Read Judgement]")
![S. 79 GST Recovery Notice issued to Bank without Prior Notice to Assessee void: Bombay HC [Read Order]](https://images.taxscan.in/h-upload/2025/07/10/500x300_2062308-section-79-gst-recovery-notice-gst-recovery-notice-recovery-notice-recovery-notice-issued-to-bank-taxscan.webp "S. 79 GST Recovery Notice issued to Bank without Prior Notice to Assessee void: Bombay HC [Read Order]")
![DGFT Notifies New SIONs for Chemical and Allied Products Under FTP 2023 [Read Notification]](https://images.taxscan.in/h-upload/2025/07/10/500x300_2062293-dgft-ftp-taxscan.webp "DGFT Notifies New SIONs for Chemical and Allied Products Under FTP 2023 [Read Notification]")
Interest from Cooperative Banks Deductible u/s 80P(2)(d) as they Fall Under 'Cooperative Society': Gujarat HC [Read Order]
In a recent ruling, the Gujarat High Court held that cooperative banks are entitled to deductions under Section 80P(2)(d) of the Income Tax Act, as these banks are essentially cooperative societies...
![Interest from Cooperative Banks Deductible u/s 80P(2)(d) as they Fall Under Cooperative Society: Gujarat HC [Read Order]](https://images.taxscan.in/h-upload/2025/07/10/500x300_2062286-interest-from-cooperative-banks-interest-cooperative-banks-deductible-section-80p2d-taxscan.webp "Interest from Cooperative Banks Deductible u/s 80P(2)(d) as they Fall Under Cooperative Society: Gujarat HC [Read Order]")
