Allahabad HC Restrains lawyer from appearing before HC for three years
The Allahabad High Court recently restrained the lawyer who was sentenced to six months imprisonment for contempt of court in April, from practicing...
![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]](https://images.taxscan.in/h-upload/2025/06/21/250x150_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]](https://images.taxscan.in/h-upload/2025/06/21/250x150_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]")
Assessee Denied Chance to Present Case on TDS Credit for Client Funds, ITAT Rules for Fresh Hearing [Read Order]
The Income Tax Appellate Tribunal (ITAT), Lucknow Bench, has set aside three appellate orders concerning the assessment years 2014–15, 2015–16, and 2016–17, after holding that the assessee was not...
![Assessee Denied Chance to Present Case on TDS Credit for Client Funds, ITAT Rules for Fresh Hearing [Read Order]](https://images.taxscan.in/h-upload/2025/06/18/500x300_2050142-tds-credit-client-funds-itat-taxscan.webp "Assessee Denied Chance to Present Case on TDS Credit for Client Funds, ITAT Rules for Fresh Hearing [Read Order]")
Dividend Paid to IFC Exempt from Dividend Distribution Tax Under Overriding Immunity of IFC Act, 1958: ITAT [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) ruled that dividends paid to the International Finance Corporation (IFC) are exempt from DividendDistribution Tax (DDT) under Section...
![Dividend Paid to IFC Exempt from Dividend Distribution Tax Under Overriding Immunity of IFC Act, 1958: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/06/19/500x300_2050593-dividend-paid-to-ifc-exempt-ifc-exempt-from-dividend-distribution-dividend-distribution-tax-taxscan.webp "Dividend Paid to IFC Exempt from Dividend Distribution Tax Under Overriding Immunity of IFC Act, 1958: ITAT [Read Order]")
S. 80P Deduction not to be Denied to Co-operative Societies for Belated Returns, if Claim is Valid: ITAT [Read Order]
The Rajkot Bench of the Income Tax Appellate Tribunal (ITAT) has recently delivered a noteworthy decision addressing the eligibility of co-operative societies to claim deductions under Section 80P...
![S. 80P Deduction not to be Denied to Co-operative Societies for Belated Returns, if Claim is Valid: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/06/21/500x300_2051537-itat-itat-rajkot-section-80p-deduction-taxscan.webp "S. 80P Deduction not to be Denied to Co-operative Societies for Belated Returns, if Claim is Valid: ITAT [Read Order]")