Elon Musk’s DOGE Demands Access to IRS-maintained US Tax Data: White House clarifies Vested Powers
In an unprecedented move, The Department of Government Efficiency (DOGE) has requested access to a system maintained by the US’ Federal Tax Agency -...
![ITAT Allows Amortization of Surface Rights u/s 35E, Upholds Mining Lease Expenditure as Business Right [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-ITAT-Allows-Amortization-Amortization-Amortization-of-Surface-Rights-Surface-Rights-Section-35E-Lease-Expenditure-Business-Right-taxscan.jpg "ITAT Allows Amortization of Surface Rights u/s 35E, Upholds Mining Lease Expenditure as Business Right [Read Order]")
![The Burden of Proof on Taxpayer: ITAT dismisses Appeal as Assessee fails to Justify Unexplained Cash Disposits [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Taxpayer-ITAT-Appeal-as-Assessee-Unexplained-Cash-Disposits-TAXSCXAN.jpg "The Burden of Proof on Taxpayer: ITAT dismisses Appeal as Assessee fails to Justify Unexplained Cash Disposits [Read Order]")
![Taxability of Pre-Commencement Interest Income u/s 56: ITAT Restores Matter to CIT(A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Interest-income.jpg "Taxability of Pre-Commencement Interest Income u/s 56: ITAT Restores Matter to CIT(A) [Read Order]")
CESTAT Grants Refund of Reversed Cenvat Credit as Exported Exempted Goods Qualify Under Rule 6(6)(v) of Cenvat Credit Rules [Read Order]
The Ahmedabad Bench of Customs, Excise, and Service Tax Appellate Tribunal ( CESTAT ),granted a refund of reversed Cenvat credit, ruling that exported exempted goods qualified under Rule 6(6)(v) of...
![CESTAT Grants Refund of Reversed Cenvat Credit as Exported Exempted Goods Qualify Under Rule 6(6)(v) of Cenvat Credit Rules [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/CESTAT-Cenvat-Cenvat-Credit-Rules-taxscan.jpg "CESTAT Grants Refund of Reversed Cenvat Credit as Exported Exempted Goods Qualify Under Rule 6(6)(v) of Cenvat Credit Rules [Read Order]")
ITAT Deletes Addition as Amount Was Already Declared as Business Income and No Evidence of Money Laundering [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) deleted the addition made under Section 68 of the Income Tax Act, 1961, holding that the amount was already declared as business income...
![ITAT Deletes Addition as Amount Was Already Declared as Business Income and No Evidence of Money Laundering [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Money-Laundering.jpg "ITAT Deletes Addition as Amount Was Already Declared as Business Income and No Evidence of Money Laundering [Read Order]")
Jurisdiction of PCITÂ not Invokable in absence of any Incorrectness and Incompleteness in Fact Appreciation by AO: ITAT [Read Order]
The Income Tax Appellate Tribunal ( ITAT ) Jaipur bench while allowing the appeal has held that the jurisdiction of the Principle Commissioner of Income Tax (PCIT) is not invokable in absence of any...
![Jurisdiction of PCITÂ not Invokable in absence of any Incorrectness and Incompleteness in Fact Appreciation by AO: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-Delhi-ITAT-ITAT-Dismisses-Revenues-Tax-Appeal-Lack-of-Jurisdiction-Appropriate-Bench-Grants-Liberty-Income-Tax-Appellate-Tribunal-taxscan.jpg "Jurisdiction of PCITÂ not Invokable in absence of any Incorrectness and Incompleteness in Fact Appreciation by AO: ITAT [Read Order]")
AAR Rules in Favor of Hindustan Zinc: ITC not applicable to Goods or Services received for Increasing Tailing Dam Height [Read Order]
In a ruling in case of Hindustan Zinc, the Rajasthan Authority of Advance Ruling ( AAR ) has held that Input Tax Credit ( ITC ) not applicable on on goods/services received for increasing tailing-dam...
![AAR Rules in Favor of Hindustan Zinc: ITC not applicable to Goods or Services received for Increasing Tailing Dam Height [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Hindustan-Zinc-AAR-case.jpg "AAR Rules in Favor of Hindustan Zinc: ITC not applicable to Goods or Services received for Increasing Tailing Dam Height [Read Order]")
No TDS on Payment to Facebook, Amazon Web-Services for Advertisements: Karnataka HC rules in Favour of Urban Ladder Home Décor [Read Order]
In a recent case, the Karnataka High Court has upheld the order of Income tax appellate tribunal (ITAT) which was in favour of asseessee and held that Tax Deduct at source (TDS) is not applicable on...
![No TDS on Payment to Facebook, Amazon Web-Services for Advertisements: Karnataka HC rules in Favour of Urban Ladder Home Décor [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/No-TDS-Payment-to-Facebook-Amazon-Web-Services-Advertisements-Karnataka-HC-favour-of-Urban-Ladder-Home-Decor-taxscan.jpg "No TDS on Payment to Facebook, Amazon Web-Services for Advertisements: Karnataka HC rules in Favour of Urban Ladder Home Décor [Read Order]")
Business Cash Deposits During Demonetization: ITAT Accepts Diwali Holiday Delay as Valid Explanation [Read Order]
The Bangalore Bench of the Income Tax Appellate Tribunal (ITAT) ruled that the delay in depositing business cash due to Laxmi Pooja and subsequent Diwali holidays was a valid explanation, rejecting...
![Business Cash Deposits During Demonetization: ITAT Accepts Diwali Holiday Delay as Valid Explanation [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Business-Cash-Deposits-Cash-Deposits-During-Demonetization-Demonetization-ITAT-ITAT-Accepts-Diwali-Holiday-Diwali-Holiday-Diwali-Holiday-Delay-taxscan.jpg "Business Cash Deposits During Demonetization: ITAT Accepts Diwali Holiday Delay as Valid Explanation [Read Order]")