![ITAT Remands Case Back, Grants Fresh Opportunity for Registration under Sections 12AB and 80G [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-ITAT-Remands-Case-Grants-Fresh-Opportunity-Sections-12AB-CIT-Section-80G-financial-records-ITAT-Mumbai-ITAT-INDIA-Income-tax-income-tax-news-ITAT-news-Taxscan.jpg "ITAT Remands Case Back, Grants Fresh Opportunity for Registration under Sections 12AB and 80G [Read Order]")
ITAT Remands Case Back, Grants Fresh Opportunity for Registration under Sections 12AB and 80G [Read Order]
The Income Tax Appellate Tribunal (ITAT) Mumbai Bench remanded the case of a Trust back to the Commissioner of Income Tax (Exemptions) CIT(E),...
![ITAT Weekly Round-Up [Feb 8th-Feb 14th,2025]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-Weekly-Round-Up-ITAT-Weekly-Round-Up-taxscan.jpg "ITAT Weekly Round-Up [Feb 8th-Feb 14th,2025]")
![ITAT Directs Reassessment of Disputed Tax Deduction Claimed Under VSV Scheme [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-Directs-Reassessment-Disputed-Tax-Deduction-Claimed-VSV-Scheme-TAXSCAN.jpg "ITAT Directs Reassessment of Disputed Tax Deduction Claimed Under VSV Scheme [Read Order]")
Taxpayer Must Disclose Cash-in-Hand, Bank Balances, and Receivables Even Under Presumptive Taxation Scheme: ITAT [Read Order]
The Pune Bench of the Income Tax Appellate Tribunal (ITAT) ruled that a taxpayer must disclose cash-in-hand, bank balances, and receivables even under the Presumptive Taxation Scheme, rejecting the...
![Taxpayer Must Disclose Cash-in-Hand, Bank Balances, and Receivables Even Under Presumptive Taxation Scheme: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Cash-in-Hand.jpg "Taxpayer Must Disclose Cash-in-Hand, Bank Balances, and Receivables Even Under Presumptive Taxation Scheme: ITAT [Read Order]")
AO Fails to Properly Divide Stamp Duty Valuation Difference and Unexplained Investment: ITAT Upholds PCIT’s Invocation [Read Order]
The Surat Bench of the Income Tax Appellate Tribunal (ITAT) upheld the Principal Commissioner of Income Tax (PCIT)’s invocation of Section 263 of the Income Tax Act, 1961, after finding that the...
![AO Fails to Properly Divide Stamp Duty Valuation Difference and Unexplained Investment: ITAT Upholds PCIT’s Invocation [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Stamp-Duty-Valuation-Stamp-Duty-Valuation-Difference-and-Unexplained-Investment-Valuation-Difference-Unexplained-Investment-ITAT-Upholds-ITAT-taxscan.jpg "AO Fails to Properly Divide Stamp Duty Valuation Difference and Unexplained Investment: ITAT Upholds PCIT’s Invocation [Read Order]")
SEBI Notifies Changes in Certification of Associated Persons in the Securities Markets Regulations [Read Notification]
On 14th February 2025, the Securities and Exchange Board of India (SEBI) made notification under Securities and Exchange Board of India (Certification of Associated Persons in the Securities Markets)...
Big Update for MSMEs: Finance Ministry Launches Collateral Free Loans up to ₹100 Crore for Equipment Purchase
The Finance Minister Nirmala Sitharaman has launched the Mutual Credit Guarantee Scheme for MSMEs (MCGS-MSME), intending to support collateral-free loans up to ₹100 crore for the purchase of...
![No Right to Bankrupt Individual in Seeking Discharge u/s 138(1) of IBC: NCLT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Bankrupt-NCLT-IBC-Bankruptcy-Code-Bankruptcy-Trustee-bankruptcy-proceedings-bankruptcy-term-Section-138-Section-94-NCLAT-Taxscan.jpg "No Right to Bankrupt Individual in Seeking Discharge u/s 138(1) of IBC: NCLT [Read Order]")