Five Key Income Tax Changes for Salaried Employees: August 2025 Edition
Salaried employees witnessed important changes in income tax rules during August 2025, with the Central Board of Direct Taxes ( CBDT ) and recent...
![Failure to consider Benefit of working capital adjustment while computing ALP: ITAT Directs re adjudication against Schneider Electric India Pvt ltd [Read Order]](https://images.taxscan.in/h-upload/2025/08/29/250x150_2081752-tat-new-delhi-itat-directs-schneider-electric-india-pvt-ltd-taxscan.webp "Failure to consider Benefit of working capital adjustment while computing ALP: ITAT Directs re adjudication against Schneider Electric India Pvt ltd [Read Order]")
![“Own” in S.54F of Income Tax Act means Absolute Ownership: ITAT Clarifies Jointly-Owned Properties Not a Bar to Exemption [Read Order]](https://images.taxscan.in/h-upload/2025/08/29/250x150_2081837-income-tax-act-absolute-ownership-itat-jointly-owned-properties-bar-to-exemption-taxscan.webp "“Own” in S.54F of Income Tax Act means Absolute Ownership: ITAT Clarifies Jointly-Owned Properties Not a Bar to Exemption [Read Order]")
![Allegation of using Personal Bank account of Employees for Income Tax Benefit: Gujarat HC dismisses petition to quash FIR [Read Order]](https://images.taxscan.in/h-upload/2025/08/29/250x150_2081758-personal-bank-account-bank-account-income-tax-benefit-income-tax-taxscan.webp "Allegation of using Personal Bank account of Employees for Income Tax Benefit: Gujarat HC dismisses petition to quash FIR [Read Order]")
Interest/Dividend Income received from co-operative bank is deemed to have received from cooperative society: ITAT Allows Deduction u/s 80 P to TN Special Police [Read Order]
In a recent Chennai bench of the Income Tax Appellate Tribunal (ITAT) has held that interest/dividend Income received from co-operative bank is deemed to have received from cooperative society and ...
![Interest/Dividend Income received from co-operative bank is deemed to have received from cooperative society: ITAT Allows Deduction u/s 80 P to TN Special Police [Read Order]](https://images.taxscan.in/h-upload/2025/08/29/500x300_2081749-80p-deduction-taxscan.webp "Interest/Dividend Income received from co-operative bank is deemed to have received from cooperative society: ITAT Allows Deduction u/s 80 P to TN Special Police [Read Order]")
Chhattisgarh HC upholds Jurisdiction of Stamp Collector for Market Value of Immovable Property Transferred under Income Tax Act [Read Order]
The Chhattisgarh High Court upheld the jurisdiction of the stamp collector for the market value of immovable property transferred under the provision of the Income Tax Act, 1961. It was observed ...
![Chhattisgarh HC upholds Jurisdiction of Stamp Collector for Market Value of Immovable Property Transferred under Income Tax Act [Read Order]](https://images.taxscan.in/h-upload/2025/08/29/500x300_2081743-stamp-collector.webp "Chhattisgarh HC upholds Jurisdiction of Stamp Collector for Market Value of Immovable Property Transferred under Income Tax Act [Read Order]")
Manufacturer’s 80IC Deduction Allowed: ITAT Declares Audit Report Filing Directory, allows Assessee’s Appeal [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench allowed an appeal against denial of deduction under Section 80IC of the Income Tax Act, 1961, declaring that filing of an audit report along with...
![Manufacturer’s 80IC Deduction Allowed: ITAT Declares Audit Report Filing Directory, allows Assessee’s Appeal [Read Order]](https://images.taxscan.in/h-upload/2025/08/28/500x300_2081595-80ic-deduction-allowed-itat-audit-report-filing-directory-taxscan.webp "Manufacturer’s 80IC Deduction Allowed: ITAT Declares Audit Report Filing Directory, allows Assessee’s Appeal [Read Order]")
Addition on Excess Cane Price and Concessional Sugar Sale Remands for want of Evidence: ITAT directs Fresh Adjudication [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune, remanded appeals, considering (i) excess sugarcane price paid to members and (ii) sale of sugar at concessional rates to members by a cooperative...
![Addition on Excess Cane Price and Concessional Sugar Sale Remands for want of Evidence: ITAT directs Fresh Adjudication [Read Order]](https://images.taxscan.in/h-upload/2025/08/28/500x300_2081590-sugar-sale-evidence-itat-fresh-adjudication-excess-cane-price-taxscan.webp "Addition on Excess Cane Price and Concessional Sugar Sale Remands for want of Evidence: ITAT directs Fresh Adjudication [Read Order]")
Punjab & Haryana HC Dismisses Ex-IRS Officer’s Plea for Higher Pay of Additional Commissioner Rank while Serving as DR at ITAT [Read Order]
The Punjab and Haryana High Court has dismissed the writ petition filed by a retired IRS officer, who sought the pay scale of an Additional Commissioner of Income Tax for the period he served as a...
![Punjab & Haryana HC Dismisses Ex-IRS Officer’s Plea for Higher Pay of Additional Commissioner Rank while Serving as DR at ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/08/28/500x300_2081633-punjab-haryana-hc-dismisses-ex-irs-officer-taxscan.webp "Punjab & Haryana HC Dismisses Ex-IRS Officer’s Plea for Higher Pay of Additional Commissioner Rank while Serving as DR at ITAT [Read Order]")
Income Tax Dept Appeals ITAT Ruling on Clifford Chance’s India Tax Liability in Delhi HC [Read Order]
The Income Tax Department has approached the Delhi High Court challenging a ruling of the Income Tax Appellate Tribunal (ITAT) which gave relief to international law firm Clifford Chance in a tax ...
![Income Tax Dept Appeals ITAT Ruling on Clifford Chance’s India Tax Liability in Delhi HC [Read Order]](https://images.taxscan.in/h-upload/2025/08/28/500x300_2081450-income-tax-dept-clifford-chances-itat-ruling-itat-tax-liability-taxscan.webp "Income Tax Dept Appeals ITAT Ruling on Clifford Chance’s India Tax Liability in Delhi HC [Read Order]")
