DGFT Revises Import Policy for Patrol Boats, Air-Cushion Vehicles, and Remote-Operated Vehicles [Read Notification]
The Ministry of Commerce & Industry issued Notification No. 55/2024-25, dated January 29, 2025, announcing that certain types of patrol boats,...
![If Share Application Money is received from identifiable investors, Onus shifts to Income Tax Dept to Disprove: ITAT Deletes Rs. 5 Crore Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Share-Application-Money-ITAT-identifiable-investors-taxscan.jpg "If Share Application Money is received from identifiable investors, Onus shifts to Income Tax Dept to Disprove: ITAT Deletes Rs. 5 Crore Addition [Read Order]")
![Rejection of Trust’s Registration u/s 12AB Due to Insufficient Activities: ITAT Grants Another Opportunity to Present Case [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Rejection-of-Trusts-Registration-Insufficient-Activities-ITAT-ITAT-NEWS-Income-tax-income-tax-news-ITAT-Bangalore-Income-Tax-Act-Section-12AB-of-the-Income-Tax-Act-Assessing-Officer-Taxscan-1.jpg "Rejection of Trust’s Registration u/s 12AB Due to Insufficient Activities: ITAT Grants Another Opportunity to Present Case [Read Order]")
Revenue cannot extend Reassessment Notice Period Due to Earlier Litigation Delays: Delhi HC [Read Order]
The Delhi High Court has ruled that the Income Tax Department cannot issue a fresh reassessment notice beyond the prescribed limitation period if the initial notice under Section 148 of the Income...
Unexplained Cash Credit Addition of Rs. 1.36 Crore u/s 69A: ITAT Upholds CIT(A) Decision to Delete Addition [Read Order]
The Lucknow Bench of Income Tax Appellate Tribunal(ITAT) upheld the decision of the Commissioner of Income Tax(Appeals)[CIT(A)] to delete an unexplained cash credit addition of ₹1.36 crore under...
![Unexplained Cash Credit Addition of Rs. 1.36 Crore u/s 69A: ITAT Upholds CIT(A) Decision to Delete Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Unexplained-Cash-Credit-Deletion-of-Addition-ITAT-Upholds-Income-Tax-Appellate-Tribunal-Section-69A-taxscan.jpg "Unexplained Cash Credit Addition of Rs. 1.36 Crore u/s 69A: ITAT Upholds CIT(A) Decision to Delete Addition [Read Order]")
Unexplained Income Addition of ₹5.78 Lakh: ITAT Orders AO to Delete Addition Based on Past Savings Explanation [Read Order]
The Lucknow Bench of Income Tax Appellate Tribunal(ITAT) directed the Assessing Officer (AO) to delete the unexplained income addition of ₹5.78 lakh made under Section 69A of Income Tax Act,1961...
![Unexplained Income Addition of ₹5.78 Lakh: ITAT Orders AO to Delete Addition Based on Past Savings Explanation [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Unexplained-Income-ITAT-ITAT-Orders-Assessing-Officer-Section-69A-Income-tax-Income-tax-news-ITAT-news-SBNs-assessment-Lucknow-Bench-of-ITAT-Taxscan.jpg "Unexplained Income Addition of ₹5.78 Lakh: ITAT Orders AO to Delete Addition Based on Past Savings Explanation [Read Order]")
![Failure to File Return and Pay Tax: ITAT Remands Case to CIT(A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-Kolkata-ITAT-Remands-Case-Failure-to-Pay-Tax-ITAT-ITAT-Remands-to-CITA-Tax-Case-Income-Tax-Appellate-Tribunal-Remands-Case-taxscan.jpg "Failure to File Return and Pay Tax: ITAT Remands Case to CIT(A) [Read Order]")
Disallowance for Non-Deduction of TDS on Reimbursements: ITAT Rules It Unjustified Due to Tax Compliance [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) ruled that the disallowance of ₹1.07 Crore for non-deduction of Tax Deducted at Source (TDS) on reimbursements under Section 40(a)(ia) of...
![Disallowance for Non-Deduction of TDS on Reimbursements: ITAT Rules It Unjustified Due to Tax Compliance [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-ITAT-Mumbai-Disallowance-Non-Deduction-of-TDS-Tax-Compliance-Taxscan.jpg "Disallowance for Non-Deduction of TDS on Reimbursements: ITAT Rules It Unjustified Due to Tax Compliance [Read Order]")
![Denial of video conferencing without Justification: ITAT sets aside NFAC Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/NFAC-ITAT-Sets-Aside-NFAC-Order-taxscan.jpg "Denial of video conferencing without Justification: ITAT sets aside NFAC Order [Read Order]")