![Income Tax Deduction u/s 80HHC Had to Be Given Without Reducing S. 80IB Deduction: Madras HC Follows SC Ruling [Read Order]](https://images.taxscan.in/h-upload/2025/06/19/500x300_2050629-income-tax-deduction-income-tax-deduction-madras-hc-taxscan.webp "Income Tax Deduction u/s 80HHC Had to Be Given Without Reducing S. 80IB Deduction: Madras HC Follows SC Ruling [Read Order]")
Income Tax Deduction u/s 80HHC Had to Be Given Without Reducing S. 80IB Deduction: Madras HC Follows SC Ruling [Read Order]
The Madras High Court has reaffirmed that deduction under Section 80HHC of the Income Tax Act, 1961 must be granted without reducing the amount...
![GST Appeal filing Delayed by 58 Days due to Pendency in Rectification Application: Madras HC Grants Relief [Read Order]](https://images.taxscan.in/h-upload/2025/06/19/250x150_2050617-gst-appeal-filing-gst-appeal-pendency-in-rectification-application-taxscan.webp "GST Appeal filing Delayed by 58 Days due to Pendency in Rectification Application: Madras HC Grants Relief [Read Order]")
![GST Demand of Rs. 16.67Cr Mechanically Confirmed on Mismatch in ITC Claim: Madras HC Quashes Order [Read Order]](https://images.taxscan.in/h-upload/2025/06/19/250x150_2050620-madras-hc-gst-demand-mismatch-itc-taxscan.webp "GST Demand of Rs. 16.67Cr Mechanically Confirmed on Mismatch in ITC Claim: Madras HC Quashes Order [Read Order]")
![Setback for Electrotherm: PMLA Authority Upholds ED’s Asset Retention in Loan Fraud Case; Company Discloses Financial Impact [Read Order]](https://images.taxscan.in/h-upload/2025/06/19/250x150_2050616-loan-fraud-case-financial-impact-electrotherm-taxscan.webp "Setback for Electrotherm: PMLA Authority Upholds ED’s Asset Retention in Loan Fraud Case; Company Discloses Financial Impact [Read Order]")
ITC Denied Without Reasoning for One Supplier: Calcutta HC Stays GST Demand Until December 2025 [Read Order]
In a recent case, the Calcutta High Court stayed a GST demand issued against a taxpayer after input tax credit (ITC) was denied for one supplier without any reasoning. The court found the denial...
![ITC Denied Without Reasoning for One Supplier: Calcutta HC Stays GST Demand Until December 2025 [Read Order]](https://images.taxscan.in/h-upload/2025/06/19/500x300_2050524-itc-itc-denied-without-reasoning-for-one-supplier-calcutta-hc-taxscan.webp "ITC Denied Without Reasoning for One Supplier: Calcutta HC Stays GST Demand Until December 2025 [Read Order]")
Deferred Sales Tax Waiver is Taxable as Business Income Under Section 28(iv) of Income Tax Act: ITAT [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has ruled that the waiver of deferred sales tax liability, prepaid at Net Present Value (NPV), constitutes taxable business income under...
![Deferred Sales Tax Waiver is Taxable as Business Income Under Section 28(iv) of Income Tax Act: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/06/19/500x300_2050475-business-income-itat-taxscan.webp "Deferred Sales Tax Waiver is Taxable as Business Income Under Section 28(iv) of Income Tax Act: ITAT [Read Order]")
AO Neither Rejects Nor Accepts Rectification Application on TDS credit: ITAT Remands Rs. 35k TDS Credit of Trust for Reassessment [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) has remanded the matter to the Assessing Officer (AO) for fresh adjudication, directing verification of a Tax Deducted at Source...
![AO Neither Rejects Nor Accepts Rectification Application on TDS credit: ITAT Remands Rs. 35k TDS Credit of Trust for Reassessment [Read Order]](https://images.taxscan.in/h-upload/2025/06/18/500x300_2050054-reassessment-tds-credit-ao-taxscan.webp "AO Neither Rejects Nor Accepts Rectification Application on TDS credit: ITAT Remands Rs. 35k TDS Credit of Trust for Reassessment [Read Order]")
Supreme Court Reinstates Quarry Lease to Highest Bidder: Quashes High Court's Re-Tender Order as Legally Unjustified [Read Order]
The Supreme Court of India set aside a judgment of the Orissa High Court that had ordered a re-tender of the Karangadihi Sand Quarry lease. The apex court upheld the award of the tender to M/s Sri...
![Supreme Court Reinstates Quarry Lease to Highest Bidder: Quashes High Courts Re-Tender Order as Legally Unjustified [Read Order]](https://images.taxscan.in/h-upload/2025/06/19/500x300_2050377-quarry-lease-taxscan.webp "Supreme Court Reinstates Quarry Lease to Highest Bidder: Quashes High Courts Re-Tender Order as Legally Unjustified [Read Order]")
Capital Gains Exemption u/s 54F Allowable for Purchase of Residential Property Using Sale Proceeds of Land, as Construction Agreement Was Signed Prior to Sale: ITAT [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal ( ITAT ) has held that capital gains exemption under Section 54F of the Income-tax Act, 1961 is allowable when the assessee invests sale proceeds...
![Capital Gains Exemption u/s 54F Allowable for Purchase of Residential Property Using Sale Proceeds of Land, as Construction Agreement Was Signed Prior to Sale: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/06/19/500x300_2050452-exemption-site-img.webp "Capital Gains Exemption u/s 54F Allowable for Purchase of Residential Property Using Sale Proceeds of Land, as Construction Agreement Was Signed Prior to Sale: ITAT [Read Order]")
Supreme Court Advocates Assn. Lambasts ED for Issuing Notice to Adv. Arvind Datar on Basis of Legal Opinion to Client [Read Notification]
The Supreme Court Advocates-on-Record Association (SCAORA) has issued a forceful condemnation of the Enforcement Directorate’s now-withdrawn summons to Senior Advocate Arvind Datar. The SCAORA...
![Supreme Court Advocates Assn. Lambasts ED for Issuing Notice to Adv. Arvind Datar on Basis of Legal Opinion to Client [Read Notification]](https://images.taxscan.in/h-upload/2025/06/18/500x300_2050084-supreme-court-advocates-assn-lambasts-ed-notice-adv-arvind-datar-taxscan.webp "Supreme Court Advocates Assn. Lambasts ED for Issuing Notice to Adv. Arvind Datar on Basis of Legal Opinion to Client [Read Notification]")
![No Service Tax Payable on Amount Collected as Liquidated Damages: CESTAT [Read Order]](https://images.taxscan.in/h-upload/2025/06/19/500x300_2050365-kerala-high-court-mandatory-deposit-service-tax-commissioner-of-central-excise-central-excise-act-taxscan.webp "No Service Tax Payable on Amount Collected as Liquidated Damages: CESTAT [Read Order]")