Only Registered Sale Agreements Eligible of Capital Gain Exemption u/s 54: ITAT says Unregistered Agreement Lacks Evidentiary Value
The Hyderabad Bench of the Income Tax Appellate Tribunal ( ITAT ) ruled that purchase of property via unregistered sale agreement is not a valid...
![Ownership of Property in Individual Capacity of Partners Cannot Be Considered For LTCG To Their Partnership Firm: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/06/28/250x150_2055949-ltcg-taxscan.webp "Ownership of Property in Individual Capacity of Partners Cannot Be Considered For LTCG To Their Partnership Firm: ITAT [Read Order]")
![Foreclosure Charges Not Taxable as Liquidated Damages Under Service Tax: CESTAT Allows Refund for Sundaram Finance [Read Order]](https://images.taxscan.in/h-upload/2025/06/28/250x150_2055932-service-tax-taxscan.webp "Foreclosure Charges Not Taxable as Liquidated Damages Under Service Tax: CESTAT Allows Refund for Sundaram Finance [Read Order]")
![Income Tax Dept Permits to file Physical Return Even After Expiry of Revised Returns’ Filing Period: Meghalaya HC Directs CPC AO to accept Return [Read Order]](https://images.taxscan.in/h-upload/2025/06/28/250x150_2055907-meghalaya-h-taxscan.webp "Income Tax Dept Permits to file Physical Return Even After Expiry of Revised Returns’ Filing Period: Meghalaya HC Directs CPC AO to accept Return [Read Order]")
Customs Cannot Deny Benefit on 'Decalcified Fish Scale' Imported Under Advance Authorisation Scheme: Kerala HC
The Kerala High Court ruled that imports of "decalcified fish scale" are covered by the advance permission program and that customs cannot refuse benefits. The import of raw materials and inputs...
Prior Cutoff Date Not Applicable u/s 245C Income Tax Act for Settlement Application: Kerala HC [Read Order]
The Kerala High Court stated that prior cut off date is not applicable under section 245C of the Income Tax Act for a settlement application. The assessee, Aayana Charitable Trust, brought a...
![Prior Cutoff Date Not Applicable u/s 245C Income Tax Act for Settlement Application: Kerala HC [Read Order]](https://images.taxscan.in/h-upload/2025/06/28/500x300_2055868-exemption-income-tax-act-income-tax-activities-of-trust-trust-nature-of-trade-trade-commerce-taxscan-business-itat.webp "Prior Cutoff Date Not Applicable u/s 245C Income Tax Act for Settlement Application: Kerala HC [Read Order]")
Chhattisgarh HC Restores Dismissed Tax Case Against SECL, Grants 7 Days to Cure Procedural Defaults [Read Order]
The Chhattisgarh High Court has allowed a Miscellaneous Criminal Case (MCC) seeking the restoration of a previously dismissed tax case against South EasternCoalfields Ltd (SECL). The case, Tax Case...
![Chhattisgarh HC Restores Dismissed Tax Case Against SECL, Grants 7 Days to Cure Procedural Defaults [Read Order]](https://images.taxscan.in/h-upload/2025/06/28/500x300_2055842-chhattisgarh-hc.webp "Chhattisgarh HC Restores Dismissed Tax Case Against SECL, Grants 7 Days to Cure Procedural Defaults [Read Order]")
Himachal Pradesh High Court Stays Reassessment Proceedings Under Section 148, Awaits Supreme Court Verdict in Technical Textiles Case [Read Order]
In a recent ruling, the High Court of Himachal Pradesh at Shimla stayed reassessment proceedings initiated against Prakash Chand Jadaik under Section 148 of the Income Tax Act, 1961, pending the...
![Himachal Pradesh High Court Stays Reassessment Proceedings Under Section 148, Awaits Supreme Court Verdict in Technical Textiles Case [Read Order]](https://images.taxscan.in/h-upload/2025/06/28/500x300_2055851-himachal-pradesh-high-court-1.webp "Himachal Pradesh High Court Stays Reassessment Proceedings Under Section 148, Awaits Supreme Court Verdict in Technical Textiles Case [Read Order]")