![Himachal Pradesh HC Dismisses Appeal in ₹10 Lakh Cheque Bounce Case: Upholds Acquittal [Read Order]](https://images.taxscan.in/h-upload/2025/06/21/500x300_2051778-himachal-pradesh-hc-appeal-cheque-bounce-case-taxscan.webp "Himachal Pradesh HC Dismisses Appeal in ₹10 Lakh Cheque Bounce Case: Upholds Acquittal [Read Order]")
Himachal Pradesh HC Dismisses Appeal in ₹10 Lakh Cheque Bounce Case: Upholds Acquittal [Read Order]
The Himachal Pradesh High Court has dismissed an appeal filed by the petitioner Bharat Bhushan, challenging the acquittal of Umesh Kumar by the...
![ITAT Holds Surplus From Textbook Sales as Educational, Not Commercial; Allows S.11 Exemption [Read Order]](https://images.taxscan.in/h-upload/2025/06/21/250x150_2051774-textbook-sales-commercial-educational-taxscan.webp "ITAT Holds Surplus From Textbook Sales as Educational, Not Commercial; Allows S.11 Exemption [Read Order]")
![CESTAT Weekly Round-Up [June 16 to June 21, 2025]](https://images.taxscan.in/h-upload/2025/06/21/250x150_2051750-cestat-cestat-weekly-round-up-taxscan.webp "CESTAT Weekly Round-Up [June 16 to June 21, 2025]")
![Design & Engineering Services to Foreign Entities Are Zero-Rated Supplies: Bombay HC Allows Refund of Unutilized ITC u/s 54 of CGST Act [Read Order]](https://images.taxscan.in/h-upload/2025/06/21/250x150_2051708-bombay-hc-desig-engineering-services-foreign-entities-itc-taxscan.webp "Design & Engineering Services to Foreign Entities Are Zero-Rated Supplies: Bombay HC Allows Refund of Unutilized ITC u/s 54 of CGST Act [Read Order]")
Chhattisgarh HC Disposes of Income Tax Appeal as Tax Effect Falls Below Revised ₹2 Cr Threshold [Read Order]
The Chhattisgarh High Court (HC) disposed of an income tax appeal filed by the Department against M/s Sanjay Agrawal, after the appellant cited a recent CBDT circular that revised the monetary ...
![Chhattisgarh HC Disposes of Income Tax Appeal as Tax Effect Falls Below Revised ₹2 Cr Threshold [Read Order]](https://images.taxscan.in/h-upload/2025/06/21/500x300_2051705-incometax-appeal-taxscan.webp "Chhattisgarh HC Disposes of Income Tax Appeal as Tax Effect Falls Below Revised ₹2 Cr Threshold [Read Order]")
Necessity for Verification of Capital and stock balances: ITAT Remits Rs. 7 Cr Income Addition [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has set aside an addition of Rs. 7,28,72,419 and directed the Assessing Officer (AO) to verify the opening capital and stock balances...
![Necessity for Verification of Capital and stock balances: ITAT Remits Rs. 7 Cr Income Addition [Read Order]](https://images.taxscan.in/h-upload/2025/06/21/500x300_2051624-income-tax-addition-site-img.webp "Necessity for Verification of Capital and stock balances: ITAT Remits Rs. 7 Cr Income Addition [Read Order]")
MCA21 V3 Portal Migration: Separate Filing of e-form CSR-2 on V3 after Decommissioning V2 Portal [Read Notification]
The Ministry ofCorporate Affairs (MCA) is undergoing a transition from its Version 2 (V2) platform to the upgraded MCA21 Version 3 (V3) portal. In this regard, stakeholders have been issued a...
![MCA21 V3 Portal Migration: Separate Filing of e-form CSR-2 on V3 after Decommissioning V2 Portal [Read Notification]](https://images.taxscan.in/h-upload/2025/06/21/500x300_2051663-v3-portal-migration-site-img-1.webp "MCA21 V3 Portal Migration: Separate Filing of e-form CSR-2 on V3 after Decommissioning V2 Portal [Read Notification]")
Assessment of Bread Manufacturer's Capital Withdrawals and Receivables Not Erroneous: ITAT Quashes PCIT's Revision Order [Read Order]
Umesh Garg (assessee), the proprietor of M/s A.R. Foods, engaged in manufacturing breads and rusks, faced scrutiny for Assessment Year (AY) 2011-12. The assessee filed his Income Tax Return (ITR)...
![Assessment of Bread Manufacturers Capital Withdrawals and Receivables Not Erroneous: ITAT Quashes PCITs Revision Order [Read Order]](https://images.taxscan.in/h-upload/2025/06/21/500x300_2051614-itat-itat-delhi-itat-quashes-pcit-revision-taxscan.webp "Assessment of Bread Manufacturers Capital Withdrawals and Receivables Not Erroneous: ITAT Quashes PCITs Revision Order [Read Order]")
Loose Computerized Sheet Found at Taxpayer’s Premises Not Corroborative Evidence: ITAT Deletes ₹7 Crore Addition and Penalty [Read Order]
The Chandigarh Bench of the Income Tax Appellate Tribunal (ITAT) has ruled that a loose computerized sheet found during a search without corroborative evidence, did not constitute valid grounds for...
![Loose Computerized Sheet Found at Taxpayer’s Premises Not Corroborative Evidence: ITAT Deletes ₹7 Crore Addition and Penalty [Read Order]](https://images.taxscan.in/h-upload/2025/06/21/500x300_2051593-itat-loose-computerized-sheet-taxpayers-evidence-addition-penalty-taxscan.webp "Loose Computerized Sheet Found at Taxpayer’s Premises Not Corroborative Evidence: ITAT Deletes ₹7 Crore Addition and Penalty [Read Order]")
Relief of Tata Teleservices: ITAT Rules Pre-Operative Expenses for Telecom Business Expansion as Revenue Expenditure, Allows Full Deduction [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has ruled that pre-operative expenses incurred by Tata Teleservices Ltd. for the expansion of its existing telecommunication business...
![Relief of Tata Teleservices: ITAT Rules Pre-Operative Expenses for Telecom Business Expansion as Revenue Expenditure, Allows Full Deduction [Read Order]](https://images.taxscan.in/h-upload/2025/06/21/500x300_2051568-itat-itat-delhi-tata-teleservices-taxscan.webp "Relief of Tata Teleservices: ITAT Rules Pre-Operative Expenses for Telecom Business Expansion as Revenue Expenditure, Allows Full Deduction [Read Order]")