![ITAT Quashes Revision Order: No Section 40A(3) Disallowance When Income Estimated via Gross Profit Rate [Read Order]](https://images.taxscan.in/h-upload/2025/06/14/500x300_2044213-itat-itat-quashes-revision-order-no-section-40a3-disallowance-taxscan.webp "ITAT Quashes Revision Order: No Section 40A(3) Disallowance When Income Estimated via Gross Profit Rate [Read Order]")
ITAT Quashes Revision Order: No Section 40A(3) Disallowance When Income Estimated via Gross Profit Rate [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has set aside a revision order issued under Section 263 of the Income Tax Act against the ...
![Delhi HC Quashes Reassessment Proceedings Initated as Notice issued in name of Deceased Assessee [Read Order]](https://images.taxscan.in/h-upload/2025/06/14/250x150_2044232-delhi-highcourt-reassessment-proceedings-taxscan.webp "Delhi HC Quashes Reassessment Proceedings Initated as Notice issued in name of Deceased Assessee [Read Order]")
![ITAT Quashes Assessments Citing Mechanical Approval u/s 153D [Read Order]](https://images.taxscan.in/h-upload/2025/06/14/250x150_2044201-mechanical-itat-assessment-application-of-mind-taxscan.webp "ITAT Quashes Assessments Citing Mechanical Approval u/s 153D [Read Order]")
![Big Relief to Exporters: Gujarat HC Declares Omission of Rule 96(10) Retrospective, Orders Processing of Pending IGST Refund Claims [Read Order]](https://images.taxscan.in/h-upload/2025/06/14/250x150_2044194-igst-exporters-gujarat-hc-rule-9610-pending-igst-refund-taxscan.webp "Big Relief to Exporters: Gujarat HC Declares Omission of Rule 96(10) Retrospective, Orders Processing of Pending IGST Refund Claims [Read Order]")
![Delhi HC upholds Conviction u/s 276 C(2) of Income Tax Act citing, Nonpayment of Income Tax Returns was wilful act of accused [Read Order]](https://images.taxscan.in/h-upload/2025/06/14/250x150_2044188-income-tax-return-taxscan.webp "Delhi HC upholds Conviction u/s 276 C(2) of Income Tax Act citing, Nonpayment of Income Tax Returns was wilful act of accused [Read Order]")
Orissa HC Sets aside Order passed by NFAC without allowing 7 days Time Stipulated u/s 144B of Income Tax Act [Read Order]
The Orissa High Court set aside the order passed by the National Faceless Assessment Centre (NFAC) as it was without allowing the 7 day time stipulatedd under section 144B of the Income Tax Act,...
![Orissa HC Sets aside Order passed by NFAC without allowing 7 days Time Stipulated u/s 144B of Income Tax Act [Read Order]](https://images.taxscan.in/h-upload/2025/06/14/500x300_2044181-assessment-site-img-15.webp "Orissa HC Sets aside Order passed by NFAC without allowing 7 days Time Stipulated u/s 144B of Income Tax Act [Read Order]")
Delayed TDS Payment: Jharkhand HC Quahes Proceedings initiated under Income Tax Act considering Payment of tax with interest [Read Order]
The High Court of Jharkhand has quashed the order passed by the Special Judge, Economic Offences, Ranchi in Economic Offence on finding that the continuation of the criminal proceeding against the...
![Delayed TDS Payment: Jharkhand HC Quahes Proceedings initiated under Income Tax Act considering Payment of tax with interest [Read Order]](https://images.taxscan.in/h-upload/2025/06/14/500x300_2044172-income-tax-act-payment-tds-payment-taxscan.webp "Delayed TDS Payment: Jharkhand HC Quahes Proceedings initiated under Income Tax Act considering Payment of tax with interest [Read Order]")
Madras HC Allows Customs Duty Exemption on STP Imports Despite CMDA Approval Granted Post-Import [Read Order]
In a recent decision, the Madras High Court held that Khivraj Tech Park Pvt. Ltd. was entitled to customs duty exemption on imported capital goods for setting up a Software Technology Park (STP),...
![Madras HC Allows Customs Duty Exemption on STP Imports Despite CMDA Approval Granted Post-Import [Read Order]](https://images.taxscan.in/h-upload/2025/06/14/500x300_2044063-madras-hih-court-cutoms-duty-exemption-stp-imports-taxscan.webp "Madras HC Allows Customs Duty Exemption on STP Imports Despite CMDA Approval Granted Post-Import [Read Order]")
Order passed by MSERC Amenable to Appeal u/s. 111 of Electricity Act as No Natural Justice Violation or Jurisdictional Error Found: Meghalaya HC [Read Order]
In a recent ruling passed by the High Court of Meghalaya in the month of June, it was held that the order passed by the Meghalaya State Electricity Regulatory Commission (MSERC) is amenable to an...
![Order passed by MSERC Amenable to Appeal u/s. 111 of Electricity Act as No Natural Justice Violation or Jurisdictional Error Found: Meghalaya HC [Read Order]](https://images.taxscan.in/h-upload/2025/06/14/500x300_2044044-meghalaya-high-court-natural-justice-taxscan.webp "Order passed by MSERC Amenable to Appeal u/s. 111 of Electricity Act as No Natural Justice Violation or Jurisdictional Error Found: Meghalaya HC [Read Order]")
![DGFT Amends Name and Contact Details of Export Promotion Council for RCMC under FTP 2023 [Read Notice]](https://images.taxscan.in/h-upload/2025/06/13/500x300_2043958-dgft-amends-details-export-promotion-council-rcmc-under-ftp-taxscan.webp "DGFT Amends Name and Contact Details of Export Promotion Council for RCMC under FTP 2023 [Read Notice]")
Pension Account Attached for Income Tax Dues: Madras HC Allows Withdrawal Citing S.11 of TN Pension Act [Read Order]
The High Court of Madras, allowed monthly withdrawal of ₹48,000 from a pension account attached for tax recovery, citing protection under Section 11 of the Tamil Nadu Pension Act, 1871. ...
![Pension Account Attached for Income Tax Dues: Madras HC Allows Withdrawal Citing S.11 of TN Pension Act [Read Order]](https://images.taxscan.in/h-upload/2025/06/13/500x300_2043846-pension-act-income-tax-dues-tn-pension-act-taxscan.webp "Pension Account Attached for Income Tax Dues: Madras HC Allows Withdrawal Citing S.11 of TN Pension Act [Read Order]")
CBDT notifies NABARD Bonds as Zero Coupon Bonds Worth ₹19,500 Crore u/s 2(48) of Income Tax Act [Read Notification]
The Ministry of Finance, through the Central Board of Direct Taxes (CBDT), has issued Notification No. 56/2025 dated 12th June 2025, formally recognizing certain bonds issued by the National Bank...
![CBDT notifies NABARD Bonds as Zero Coupon Bonds Worth ₹19,500 Crore u/s 2(48) of Income Tax Act [Read Notification]](https://images.taxscan.in/h-upload/2025/06/13/500x300_2043927-cbdt-notifies-nabard-bonds-coupon-bonds-us-248-income-tax-act-taxscan.webp "CBDT notifies NABARD Bonds as Zero Coupon Bonds Worth ₹19,500 Crore u/s 2(48) of Income Tax Act [Read Notification]")