![ITAT quashes Final Assessment order as it was passed beyond the period of Limitation [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/TAT-ITAT-Mumbai-ITAT-quashes-Final-Assessment-order-Assessment-order-Final-Assessment-order-taxscan.jpg "ITAT quashes Final Assessment order as it was passed beyond the period of Limitation [Read Order]")
ITAT quashes Final Assessment order as it was passed beyond the period of Limitation [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) quashed the final assessment order as it was passed beyond the period of limitation. ...
![Absence of Form 3CL Alone Cannot Justify Denial of Weighted Deduction for R&D Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Form-3CL.jpg "Absence of Form 3CL Alone Cannot Justify Denial of Weighted Deduction for R&D Expenditure: ITAT [Read Order]")
![SEBI issues Circular on Regulatory framework for Specialized Investment Funds [Read Circular]](https://www.taxscan.in/wp-content/uploads/2025/03/Specialized-Investment-Funds.jpg "SEBI issues Circular on Regulatory framework for Specialized Investment Funds [Read Circular]")
Kerala HC directs Income Tax Commissioner to Dispose of Appeal against Income Tax Assessment Order [Read Order]
In a recent case, the Kerala High Court directed the Income tax commissioner to dispose of the appeal against the Income Tax assessment order without undue delay in an expeditious manner. ...
![Kerala HC directs Income Tax Commissioner to Dispose of Appeal against Income Tax Assessment Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Kerala-HC-Income-Tax-Commissioner-Dispose-Appeal-Income-Tax-Assessment-Order-taxscan.jpg "Kerala HC directs Income Tax Commissioner to Dispose of Appeal against Income Tax Assessment Order [Read Order]")
Denial of Cross-Examination Request in Income Tax Act Proceedings: Kerala HC Rejects Writ Petition as Premature [Read Order]
In a recent case related to denial of cross examination request in Income tax act proceedings, the Kerala High Court rejected the writ petition which was too premature a stage for considering its...
![Denial of Cross-Examination Request in Income Tax Act Proceedings: Kerala HC Rejects Writ Petition as Premature [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Kerala-High-Court.jpg "Denial of Cross-Examination Request in Income Tax Act Proceedings: Kerala HC Rejects Writ Petition as Premature [Read Order]")
![Kerala HC Directs Income Tax Dept to Dispose of Income Tax Appeal Filed 8 Years Ago [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Kerala-High-Court-Income-Tax-Department-Income-Tax-Appeal-taxscan.jpg "Kerala HC Directs Income Tax Dept to Dispose of Income Tax Appeal Filed 8 Years Ago [Read Order]")
![Madras HC Upholds 12% concessional rate of GST for contract services to Railway [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Railway-contracts-GST.jpg "Madras HC Upholds 12% concessional rate of GST for contract services to Railway [Read Order]")
No Income Tax Reassessment Notice u/s 148 May be Issued after Statutory Limitation: Rajasthan HC refers SC Decision in Rajeev Bansal [Read Order]
The Rajasthan High Court recently ruled referred to the Supreme Court decision in Union of India & ors. Vs. Rajeev Bansal (2024) to hold that reassessment notice under Section 148 of the Income...
![No Income Tax Reassessment Notice u/s 148 May be Issued after Statutory Limitation: Rajasthan HC refers SC Decision in Rajeev Bansal [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/No-Income-Tax-Reassessment-Notice-Statutory-Limitation-Rajasthan-HC-SC-Decision-Rajeev-Bansal-taxscan.jpg "No Income Tax Reassessment Notice u/s 148 May be Issued after Statutory Limitation: Rajasthan HC refers SC Decision in Rajeev Bansal [Read Order]")
Finance Ministry Revises Customs Tariff Values for Palm Oil, Soya Bean Oil, Gold and Silver, and Areca Nuts [Read Notification]
The Central Board of Indirect Taxes and Customs (CBIC) under the Ministry of Finance issued Notification No. 12/2025-Customs (N.T.), dated February 28, 2025, revising the tariff values for imported...
ITAT Strikes Down Rs. 57.27 Lakh Penalty u/s 271E as there was reasonable cause on assessee’s part [Read Order]
The Pune bench of the Income Tax Appellate Tribunal (ITAT) struck downRs. 57.27 Lakh penalty under Section 271E of the Income Tax Act as there was reasonable cause on the assessee's part for the...
![ITAT Strikes Down Rs. 57.27 Lakh Penalty u/s 271E as there was reasonable cause on assessee’s part [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/ITAT-ITAT-Strikes-Penalty-Penalty-Section-271E-reasonable-cause-on-assessees-part-reasonable-cause-assessees-part-taxscan.jpg "ITAT Strikes Down Rs. 57.27 Lakh Penalty u/s 271E as there was reasonable cause on assessee’s part [Read Order]")