![ITAT WEEKLY ROUND-UP [August 17th - August 23rd]](https://images.taxscan.in/h-upload/2025/08/23/500x300_2079966-itat-weekly-round-up-itat-income-tax-income-tax-updates-itat-news-income-tax-news-taxscan.webp "ITAT WEEKLY ROUND-UP [August 17th - August 23rd]")
ITAT WEEKLY ROUND-UP [August 17th - August 23rd]
This weekly round-up analytically summarises the key stories related to the Income Tax Appellate Tribunal (ITAT) reported at Taxscan during the...
![CESTAT quashes Customs Broker License Revocation as SCN and Order Issued Beyond Mandatory Time Limits under CBLR Regulation 17 [Read Order]](https://images.taxscan.in/h-upload/2025/08/23/250x150_2079972-cestat-quashes-customs-broker-license-revocation-scn-taxscan.webp "CESTAT quashes Customs Broker License Revocation as SCN and Order Issued Beyond Mandatory Time Limits under CBLR Regulation 17 [Read Order]")
![Club and Entrance Fees Disallowance u/s 37: ITAT Upholds CIT(A)s Order Allowing Expenditure for MRF as Reasonable for Business [Read Order]](https://images.taxscan.in/h-upload/2025/08/23/250x150_2079887-mrf-disallowance-itat-taxscan.webp "Club and Entrance Fees Disallowance u/s 37: ITAT Upholds CIT(A)s Order Allowing Expenditure for MRF as Reasonable for Business [Read Order]")
![SanDisk India not a Taxable DAPE of Western Digital: ITAT Rejects Survey Based Profit Attribution of ₹194.44 Cr under India-US DTAA [Read Order]](https://images.taxscan.in/h-upload/2025/08/23/250x150_2079938-sandisk-india-itat-western-digital-tax-case-taxscan.webp "SanDisk India not a Taxable DAPE of Western Digital: ITAT Rejects Survey Based Profit Attribution of ₹194.44 Cr under India-US DTAA [Read Order]")
Online Money Gamers Watch Out! Promotion and Regulation of Online Gaming Bill, 2025 assented by President
The world of online money gaming in India is set for a big shake‑up. President Droupadi Murmu has put her signature on the Promotion and Regulation of Online Gaming Bill, 2025, officially turning it...
ITAT fixes FMV of Land at ₹60/sq.m for Capital Gain Calculation, directs AO to Verify Deduction u/s 54 [Read Order]
The Surat Bench of the Income Tax Appellate Tribunal (ITAT) has partly allowed the appeal by fixing the fair market value (FMV) of land at ₹60 per sq.m as on 01.04.1981 for capital gain computation...
![ITAT fixes FMV of Land at ₹60/sq.m for Capital Gain Calculation, directs AO to Verify Deduction u/s 54 [Read Order]](https://images.taxscan.in/h-upload/2025/08/23/500x300_2079909-itat-capital-gain-calculation-taxscan.webp "ITAT fixes FMV of Land at ₹60/sq.m for Capital Gain Calculation, directs AO to Verify Deduction u/s 54 [Read Order]")
Agreement Value at Booking Exceeded Stamp Duty Value: ITAT Deletes ₹38.69L Addition on Sale of 12 Flats as Section 43CA Not Applicable [Read Order]
The Pune Bench of the Income Tax Appellate Tribunal (ITAT) has deleted an addition of ₹38,69,867 made under section 43CA of the Income Tax Act, 1961, as the agreement value at the time of booking...
![Agreement Value at Booking Exceeded Stamp Duty Value: ITAT Deletes ₹38.69L Addition on Sale of 12 Flats as Section 43CA Not Applicable [Read Order]](https://images.taxscan.in/h-upload/2025/08/23/500x300_2079906-itat-pune-section-43ca-case-stamp-duty-value-taxscan.webp "Agreement Value at Booking Exceeded Stamp Duty Value: ITAT Deletes ₹38.69L Addition on Sale of 12 Flats as Section 43CA Not Applicable [Read Order]")
Dismissal of GST Appeal as Time-Barred: Chhattisgarh HC allows relief under CBIC Circular with stay on Recovery [Read Order]
The High Court of Chhattisgarh,allowed relief in time-barred Goods and Service Tax (GST) appeal under Central Board of Indirect Taxes and Customs ( CBIC ) Circular, granting stay on recovery.Hari...
![Dismissal of GST Appeal as Time-Barred: Chhattisgarh HC allows relief under CBIC Circular with stay on Recovery [Read Order]](https://images.taxscan.in/h-upload/2025/08/23/500x300_2079890-gst-appeal-dismissal-taxscan.webp "Dismissal of GST Appeal as Time-Barred: Chhattisgarh HC allows relief under CBIC Circular with stay on Recovery [Read Order]")
![CBDT Increases Exemption Limit to ₹20 Lakh for Undisclosed Foreign Assets [Read Instruction]](https://images.taxscan.in/h-upload/2025/08/23/500x300_2079911-non-corporate-entity-1.webp "CBDT Increases Exemption Limit to ₹20 Lakh for Undisclosed Foreign Assets [Read Instruction]")