![Assessee Produced Documentary Evidence to Prove Genuineness of Share Capital: ITAT Confirms CIT(A)’s Deletion of ₹3.07 Cr Income Tax Addition [Read Order]](https://images.taxscan.in/h-upload/2025/07/16/500x300_2064325-assessee-produced-documentary-evidence-documentary-evidence-taxscan.webp "Assessee Produced Documentary Evidence to Prove Genuineness of Share Capital: ITAT Confirms CIT(A)’s Deletion of ₹3.07 Cr Income Tax Addition [Read Order]")
Assessee Produced Documentary Evidence to Prove Genuineness of Share Capital: ITAT Confirms CIT(A)’s Deletion of ₹3.07 Cr Income Tax Addition [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) recently dismissed the Revenue department’s appeal and also upheld the deletion of an...
![ITAT condones 719 days delay in filing Income Tax appeal considering ill health of Managing Person [Read Order]](https://images.taxscan.in/h-upload/2025/07/16/250x150_2064315-itat-delhi-income-tax-appeal-itat-condones-taxscan.webp "ITAT condones 719 days delay in filing Income Tax appeal considering ill health of Managing Person [Read Order]")
![Registration of Trust u/s 12B of Income Tax Act cannot be Rejected Merely due to non-submission of Certain Documents: ITAT directs Fresh Adjudication [Read Order]](https://images.taxscan.in/h-upload/2025/07/16/250x150_2064300-trust-registration-1-1.webp "Registration of Trust u/s 12B of Income Tax Act cannot be Rejected Merely due to non-submission of Certain Documents: ITAT directs Fresh Adjudication [Read Order]")
Section 50C of Income Tax Act Not applicable retrospectively: Delhi HC upholds ITAT’s order Deleting ₹20.00 Cr Addition against Thomson Press Ltd
In a recent case, the Delhi High Court upheld the Income Tax Appellate Tribunals (ITAT’s) order deleting ₹20.00 Cr Addition against Thomson Press Ltd while holding that section 50 C of the Income...
Bank Account Attached by Income Tax Dept: Madras HC Allows Instalment Payment of 20% Tax, Orders De-Freezing After 1st instalment [Read Order]
The Madras High Court has set aside an Income Tax attachment order on the condition that the taxpayer pays 20% of the disputed demand in instalments. The court has directed to defreeze the bank...
![Bank Account Attached by Income Tax Dept: Madras HC Allows Instalment Payment of 20% Tax, Orders De-Freezing After 1st instalment [Read Order]](https://images.taxscan.in/h-upload/2025/07/15/500x300_2064132-bank-account-bank-account-attached-by-income-tax-dept-income-tax-dept-income-tax-madras-hc-taxscan.webp "Bank Account Attached by Income Tax Dept: Madras HC Allows Instalment Payment of 20% Tax, Orders De-Freezing After 1st instalment [Read Order]")
Single Judge Refused Interim Relief Due to Dept.’s Delay in Filing Affidavit: Calcutta HC Division Bench Grants 3-Week Extension in Income Tax Case [Read Order]
A Division Bench of the Calcutta High Court recently granted a three-week extension to the Income Tax Department for filing its affidavit in opposition in an ongoing writ petition after the...
![Single Judge Refused Interim Relief Due to Dept.’s Delay in Filing Affidavit: Calcutta HC Division Bench Grants 3-Week Extension in Income Tax Case [Read Order]](https://images.taxscan.in/h-upload/2025/07/15/500x300_2064121-single-judge-refused-interim-relief-interim-relief-interim-relief-due-to-depts-delay-taxscan.webp "Single Judge Refused Interim Relief Due to Dept.’s Delay in Filing Affidavit: Calcutta HC Division Bench Grants 3-Week Extension in Income Tax Case [Read Order]")
CBDT extends Income Tax Exemption for Sovereign Wealth and Pension Funds u/s 10(23FE) of Income Tax Act [Read Notification]
To reinforce India’s position as a premier destination for long‑term global capital, the Central Board of Direct Taxes (CBDT) has announced a five‑year extension of the income‑tax exemption under...
![CBDT extends Income Tax Exemption for Sovereign Wealth and Pension Funds u/s 10(23FE) of Income Tax Act [Read Notification]](https://images.taxscan.in/h-upload/2025/07/15/500x300_2064072-income-tax-act-pension-funds-sovereign-wealth-taxscan.webp "CBDT extends Income Tax Exemption for Sovereign Wealth and Pension Funds u/s 10(23FE) of Income Tax Act [Read Notification]")
ITAT Condones Delay and Restores Appeal for Fresh Adjudication Due to Lack of Natural Justice in NFAC Order [Read Order]
The Patna Bench of the Income Tax Appellate Tribunal (ITAT) condoned the delay in filing the appeal and restored the appeal for fresh adjudication, noting lack of natural justice in the order...
![ITAT Condones Delay and Restores Appeal for Fresh Adjudication Due to Lack of Natural Justice in NFAC Order [Read Order]](https://images.taxscan.in/h-upload/2025/07/15/500x300_2063916-nfac-bound-nfac-cbdt-cbdt-circular-itat-taxscan.webp "ITAT Condones Delay and Restores Appeal for Fresh Adjudication Due to Lack of Natural Justice in NFAC Order [Read Order]")
Assessing Officer’s ‘Change of Mind’ Not Valid Ground for Reopening Assessment : Madras HC [Read Order]
The Madras High Court has held that a mere ‘change of mind’ by the Assessing Officer (AO) cannot justify the reopening of a completed income tax assessment under Section 147 of the Income Tax Act,...
![Assessing Officer’s ‘Change of Mind’ Not Valid Ground for Reopening Assessment : Madras HC [Read Order]](https://images.taxscan.in/h-upload/2025/07/15/500x300_2063900-itat-itatdelhi-section-148-of-income-tax-act-income-tax-itat-quashes-reopening-income-tax-appellate-tribunal-taxscan-1.webp "Assessing Officer’s ‘Change of Mind’ Not Valid Ground for Reopening Assessment : Madras HC [Read Order]")