CBDT Targets Bogus Deduction claims, Selected Taxpayers to get SMS and E-mails
The Central Board of Direct Taxes ( CBDT ) has begun up its checks on fake donation claims made to political parties and charitable trusts after...
![Omission in Sec.14A Disclosure Enables Reopening Beyond 4 Years: Madras HC Restores Proceedings Against City Union Bank [Read Order]](https://images.taxscan.in/h-upload/2025/12/12/250x150_2111741-omission-sec-14a-disclosure-enables-reopening-beyond-4-years-madras-hc-restores-proceedings-against-city-union-bank-taxscan.webp "Omission in Sec.14A Disclosure Enables Reopening Beyond 4 Years: Madras HC Restores Proceedings Against City Union Bank [Read Order]")
![Change of Opinion Bars Reopening: Calcutta HC sets aside Income Tax Notice against Coal Manufacturer on alleged Cash Return [Read Order]](https://images.taxscan.in/h-upload/2025/12/13/250x150_2111900-calcutta-hc-income-tax-notice-taxscan.jfif "Change of Opinion Bars Reopening: Calcutta HC sets aside Income Tax Notice against Coal Manufacturer on alleged Cash Return [Read Order]")
![Provision for Future Expenses Allowable under Matching Principle: ITAT Quashes Reassessment due to Lack of New Material [Read Order]](https://images.taxscan.in/h-upload/2025/12/09/250x150_2111077-provision-future-expenses-matching-principle-itat-quashes-reassessment-lack-new-material-taxscan.webp "Provision for Future Expenses Allowable under Matching Principle: ITAT Quashes Reassessment due to Lack of New Material [Read Order]")
Relief to Aditya Birla Sun Life Insurance: ITAT Quashes Reassessment Notice u/s 148 Issued Beyond Statutory Time Limit Under New Regime [Read Order]
In a recent ruling in the case of Aditya Birla Sun Life Insurance Co. Ltd., the Mumbai Bench of the Income Tax Appellate Tribunal has held that reassessment proceedings initiated beyond the...
![Relief to Aditya Birla Sun Life Insurance: ITAT Quashes Reassessment Notice u/s 148 Issued Beyond Statutory Time Limit Under New Regime [Read Order]](https://images.taxscan.in/h-upload/2025/12/12/500x300_2111731-aditya-birla-sun-life-insurance-taxscan.webp "Relief to Aditya Birla Sun Life Insurance: ITAT Quashes Reassessment Notice u/s 148 Issued Beyond Statutory Time Limit Under New Regime [Read Order]")
Legal Heir Fails to Inform AO of Assessee’s Death: ITAT Remands Case to CIT(A) after Income Tax Dept Raises No Objection [Read Order]
The Ahmedabad bench of Income Tax Appellate Tribunal (ITAT) has remanded a reassessment of deceased person to the Commissioner of Income Tax (Appeals) [CIT(A)] observing that the assessee had died...
![Legal Heir Fails to Inform AO of Assessee’s Death: ITAT Remands Case to CIT(A) after Income Tax Dept Raises No Objection [Read Order]](https://images.taxscan.in/h-upload/2025/12/04/500x300_2110120-legal-heir-fails-ao-assesseee-death-itat-cit-income-tax-dept-taxscan.webp "Legal Heir Fails to Inform AO of Assessee’s Death: ITAT Remands Case to CIT(A) after Income Tax Dept Raises No Objection [Read Order]")
Over ₹25 Lakh Crore Locked Up in Income‑Tax Disputes Across Appellate Levels, Centre Shares Data
The Centre has disclosed that more than ₹25 lakh crore remains locked up in pending income‑tax disputes across various appellate levels, underscoring the scale of India’s direct‑tax litigation burden...
No Deemed Dividend on Business Advances between Holding and Subsidiary Companies u/s 2(22)(e): ITAT [Read Order]
Section 2(22)(e) applies only to gratuitous loans or advances to shareholders, not to reciprocal and business-related transactions The Income Tax Appellate Tribunal (ITAT), Mumbai Bench,...
![No Deemed Dividend on Business Advances between Holding and Subsidiary Companies u/s 2(22)(e): ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/12/09/500x300_2111154-no-deemed-dividend-business-advances-holding-subsidiary-companies-itat-taxscan-jpg.webp "No Deemed Dividend on Business Advances between Holding and Subsidiary Companies u/s 2(22)(e): ITAT [Read Order]")
Relief for Viacom 18 Media: ITAT Rules AO Made Adequate Inquiry on ₹195.32 Cr Depreciation of Goodwill, Quashes PCIT’s Revision [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) set aside a revisional order passed by the Principal Commissioner of Income tax (PCIT) under section 263 and held the AssessingOfficer (AO)...
![Relief for Viacom 18 Media: ITAT Rules AO Made Adequate Inquiry on ₹195.32 Cr Depreciation of Goodwill, Quashes PCIT’s Revision [Read Order]](https://images.taxscan.in/h-upload/2025/12/12/500x300_2111603-relief-viacom-18-media-itat-rules-ao-adequate-inquiry-depreciation-goodwill-quashes-pcits-taxscan.webp "Relief for Viacom 18 Media: ITAT Rules AO Made Adequate Inquiry on ₹195.32 Cr Depreciation of Goodwill, Quashes PCIT’s Revision [Read Order]")