![Disallowance of Depreciation Due to Lack of Evidence for Machinery Installation: ITAT Restores AOs Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-ITAT-Visakhapatnam-Machinery-Installation-Disallowance-Taxscan.jpg "Disallowance of Depreciation Due to Lack of Evidence for Machinery Installation: ITAT Restores AOs Order [Read Order]")
Disallowance of Depreciation Due to Lack of Evidence for Machinery Installation: ITAT Restores AO's Order [Read Order]
The Visakhapatnam Bench of Income Tax Appellate Tribunal (ITAT)restored the order of the Assessing Officer (AO) by disallowing the depreciation claim...
![Income Tax Bill 2025: Proposed Changes in Salary, Pension, and Gratuity Deductions [Read Bill]](https://www.taxscan.in/wp-content/uploads/2025/02/Income-Tax-Bill-2025-Gratuity-Deductions-Pension-taxscan.jpg "Income Tax Bill 2025: Proposed Changes in Salary, Pension, and Gratuity Deductions [Read Bill]")
![ITAT deletes Addition of Rs. 25 Lakh as Unexplained Cash Credits, Finds Loan from Promoters Genuine [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-Delhi-ITAT-Unexplained-Cash-Unexplained-Cash-Credits-Taxscan-1.jpg "ITAT deletes Addition of Rs. 25 Lakh as Unexplained Cash Credits, Finds Loan from Promoters Genuine [Read Order]")
![Cross-Examination not Absolute Right in Customs Cases, But Necessary for Fair Trial in Certain Circumstances: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Cross-Examination-Right-in-Customs-Cases-Customs-Cases-Necessary-for-Fair-Trial-Certain-Circumstances-Delhi-HC-Circumstances-Customs-taxscan.jpg "Cross-Examination not Absolute Right in Customs Cases, But Necessary for Fair Trial in Certain Circumstances: Delhi HC [Read Order]")
Madras HC issues Directions to Streamline Cheque Bounce cases under Negotiable Instruments Act [Read Order]
In order to expedite and guarantee the timely resolution of check bounce cases under the Negotiable Instruments Act, 1881 (NI Act), the Madurai Bench of the Madras High Court issued a number of...
ITAT Orders Reassessment in ₹1.8 Cr Capital Gains Case, directs AO to Review E-Notices and Deductions u/s 54 of Income Tax Act [Read Order]
The Chennai Bench of the Income Tax Appellate Tribunal (ITAT) directed the assessing officer (AO) to reassess the appellant’s case, a dispute on capital gains taxation for the assessment year(AY)...
![ITAT Orders Reassessment in ₹1.8 Cr Capital Gains Case, directs AO to Review E-Notices and Deductions u/s 54 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-ITAT-Orders-Reassessment-Capital-Gains-Case-Capital-Gains-E-Notices-and-Deductions-E-Notices-Section-54-of-Income-Tax-Act-Income-Tax-Act-taxscan.jpg "ITAT Orders Reassessment in ₹1.8 Cr Capital Gains Case, directs AO to Review E-Notices and Deductions u/s 54 of Income Tax Act [Read Order]")
Supreme Court’s Landmark Ruling; Imposing Service Tax on Lottery Distributor is Unconstitutional [Read Judgement]
In a landmark ruling, the Supreme Court dismissed the Union Government’s appeal, affirming that lottery distributors are not liable to pay service tax under the Finance Act, 1994. The Court held that...
![Supreme Court’s Landmark Ruling; Imposing Service Tax on Lottery Distributor is Unconstitutional [Read Judgement]](https://www.taxscan.in/wp-content/uploads/2025/02/Supreme-Court-Landmark-Ruling-Imposing-Service-Tax-Lottery-Distributor-Unconstitutional-Taxscan.jpg "Supreme Court’s Landmark Ruling; Imposing Service Tax on Lottery Distributor is Unconstitutional [Read Judgement]")
![Suresh Choudhary will be Sworn as Deputy Registrar of Jaipur GSTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/GSTAT-Jaipur-.jpg "Suresh Choudhary will be Sworn as Deputy Registrar of Jaipur GSTAT [Read Order]")
![Income Tax Bill 2025: Changing the face of Compliance & Digital Monitoring [Read Bill]](https://www.taxscan.in/wp-content/uploads/2025/02/Income-Tax-Bill-2025-Digital-Monitoring-Compliance-taxscan.jpg "Income Tax Bill 2025: Changing the face of Compliance & Digital Monitoring [Read Bill]")