![Central Govt Constitutes Drawback Committee for 2025 to Review Export Duty Rebates [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Central-Govt-Drawback-Committee-Review-Export-Duty-Rebates-taxscan.jpg "Central Govt Constitutes Drawback Committee for 2025 to Review Export Duty Rebates [Read Order]")
Central Govt Constitutes Drawback Committee for 2025 to Review Export Duty Rebates [Read Order]
The Central Government has constituted the Drawback Committee for 2025, tasked with reviewing and recommending revised duty drawback rates to boost...
![DGFT notifies inclusion of LCS Darranga as Authorized Food Import Entry Point [Read Notification]](https://www.taxscan.in/wp-content/uploads/2025/04/LCS-Darranga.jpg "DGFT notifies inclusion of LCS Darranga as Authorized Food Import Entry Point [Read Notification]")
![ITAT Quashes PCITs Order u/s 263 Against Bharti Airtel, Holds Interest and Penalty on License Fee as Revenue Expenditure [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/ITAT-ruling-PCIT-order-Bharti-Airtel-tax-taxscan.jpg "ITAT Quashes PCITs Order u/s 263 Against Bharti Airtel, Holds Interest and Penalty on License Fee as Revenue Expenditure [Read Order]")
![Assessee Still Eligible for Section 54F Income Tax Deduction even when Sale Deed Executed after Two Years: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/ITAT-ITAT-Pune-Section-54F-Income-Tax-Deduction-TAXSCAN.jpg "Assessee Still Eligible for Section 54F Income Tax Deduction even when Sale Deed Executed after Two Years: ITAT [Read Order]")
Supreme Court Ends 50-Year Dispute on CA Firm’s Undervaluation of Shares: Grants 6% Simple Interest from 1975 and 9% Interest Post-Decree [Read Judgment]
The Supreme Court of india recently resolved a nearly five-decade old dispute regarding the undervaluation of the share price of a Chartered Accountancy (CA) firm, ordering the levy of 6% interest...
![Supreme Court Ends 50-Year Dispute on CA Firm’s Undervaluation of Shares: Grants 6% Simple Interest from 1975 and 9% Interest Post-Decree [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2025/04/Supreme-Court-CA-firm-share-valuation-dispute-TAXSCAN.jpg "Supreme Court Ends 50-Year Dispute on CA Firm’s Undervaluation of Shares: Grants 6% Simple Interest from 1975 and 9% Interest Post-Decree [Read Judgment]")
ITAT Rejects ₹1.17 Crore Addition as Unexplained Cash Credit on LTCG from Shares due to Lack of Evidence [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) rejected the addition of Rs. 1,17,78,534/- as unexplained cash credit on Long-Term Capital Gain (LTCG) from shares due to lack of evidence....
![ITAT Rejects ₹1.17 Crore Addition as Unexplained Cash Credit on LTCG from Shares due to Lack of Evidence [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/ITAT-Addition-as-Unexplained-Cash-Credit-Unexplained-Cash-Credit-Cash-Credit-Unexplained-Cash-Credit-on-LTCG-Due-to-Lack-of-Evidence-taxscan.jpg "ITAT Rejects ₹1.17 Crore Addition as Unexplained Cash Credit on LTCG from Shares due to Lack of Evidence [Read Order]")
ITAT Dismisses Revenue’s Appeal as Reassessment Under Section 147/148 Invalid Due to Third-Party Search Evidence [Read Order]
The Jaipur Bench of Income Tax Appellate Tribunal(ITAT) dismissed the Revenue’s appeal, holding that reassessment under Section 147/148 of Income Tax Act,1961 was invalid due to reliance on...
![ITAT Dismisses Revenue’s Appeal as Reassessment Under Section 147/148 Invalid Due to Third-Party Search Evidence [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/ITAT-ITAT-Dismisses-Revenues-Appeal-Revenues-Appeal-Revenues-Appeal-as-Reassessment-Reassessment-Under-Section-147-148-Reassessment-taxscan.jpg "ITAT Dismisses Revenue’s Appeal as Reassessment Under Section 147/148 Invalid Due to Third-Party Search Evidence [Read Order]")
Non-Compliance With S.40A(3) in Cash Payments: ITAT Remands Case to CIT(A) With Rs.2,000 Cost [Read Order]
The Jaipur Bench of Income Tax Appellate Tribunal(ITAT) remanded the matter to Commissioner of Income Tax (Appeals) [CIT(A)] due to non-compliance with Section 40A(3) of Income Tax Act,1961 in cash...
![Non-Compliance With S.40A(3) in Cash Payments: ITAT Remands Case to CIT(A) With Rs.2,000 Cost [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Non-Compliance-With-Section.40A3-Cash-Payments-ITAT-ITAT-Remands-Case-Remands-Case-Remands-Case-to-CITA-taxscan.jpg "Non-Compliance With S.40A(3) in Cash Payments: ITAT Remands Case to CIT(A) With Rs.2,000 Cost [Read Order]")
Failure to Claim TDS Credit in Return: ITAT Upholds CIT(A) Decision to Allow Credit after Verification [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) upheld the Commissioner of Income Tax(Appeals) [CIT(A)] decision to allow the Tax Deducted at Source (TDS) credit after verifying the...
![Failure to Claim TDS Credit in Return: ITAT Upholds CIT(A) Decision to Allow Credit after Verification [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/ITAT-ITAT-Delhi-TDS-Credit-Failure-to-claim-TDS-credit-TAXSCAN.jpg "Failure to Claim TDS Credit in Return: ITAT Upholds CIT(A) Decision to Allow Credit after Verification [Read Order]")
ITAT Rejects Revenue’s Objection on Additional Evidence, Finds CIT(A) Acted Within Section 250(4) Powers [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal(ITAT) rejected the Revenue’s objection regarding the admission of additional evidence by the Commissioner of Income Tax (Appeals) [CIT(A)] and...
![ITAT Rejects Revenue’s Objection on Additional Evidence, Finds CIT(A) Acted Within Section 250(4) Powers [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/ITAT-ruling-Income-Tax-Tribunal-Additional-evidence-tax-taxscan-.jpg "ITAT Rejects Revenue’s Objection on Additional Evidence, Finds CIT(A) Acted Within Section 250(4) Powers [Read Order]")
Ad-hoc Disallowance of Expenses for Lack of Documents: ITAT Upholds CIT(A)'s Deletion of Rs. 5.92 Crore Addition [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal(ITAT) upheld the deletion of the Rs. 5.92 crore disallowance made on an ad-hoc basis due to lack of supporting documents. The...
![Ad-hoc Disallowance of Expenses for Lack of Documents: ITAT Upholds CIT(A)s Deletion of Rs. 5.92 Crore Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/ITAT-ruling-Income-Tax-Tribunal-Tax-disallowance-taxscan.jpg "Ad-hoc Disallowance of Expenses for Lack of Documents: ITAT Upholds CIT(A)s Deletion of Rs. 5.92 Crore Addition [Read Order]")