![Delhi HC Upholds Order sets aside Income Tax Notice issued u/s 153C Beyond Six years [Read Order]](https://images.taxscan.in/h-upload/2025/09/26/2091223-2081824-income-tax-notices-e-mail-address-ex-parte-itat-ao-taxscan.webp "Delhi HC Upholds Order sets aside Income Tax Notice issued u/s 153C Beyond Six years [Read Order]")
Delhi HC Upholds Order sets aside Income Tax Notice issued u/s 153C Beyond Six years [Read Order]
In a recent case, the Delhi High Court upheld the order which set aside the notice issued under section 153C of the IncomeTax Act, 1961 , beyond six...
![Relief for Hero Cycles: ITAT Quashes Disallowance of ₹31 crore [Read Order]](https://images.taxscan.in/h-upload/2025/09/25/2090932-hero-cycles-itat-quashes-taxscan.webp "Relief for Hero Cycles: ITAT Quashes Disallowance of ₹31 crore [Read Order]")
![Agricultural Land Classified as Residential by SVA: ITAT Directs Fresh Verification by CIT(A) on Addition u/s 56(2)(x)(b) [Read Order]](https://images.taxscan.in/h-upload/2025/09/25/2090928-itat-delhi-section562xb-agricultural-land-tax.webp "Agricultural Land Classified as Residential by SVA: ITAT Directs Fresh Verification by CIT(A) on Addition u/s 56(2)(x)(b) [Read Order]")
![Credit Card Payments from Agricultural Income treated as Unexplained u/s 69C, Made Addition Based on Suspicion: ITAT Deletes Addition [Read Order]](https://images.taxscan.in/h-upload/2025/09/25/2090917-credit-card-payments-agricultural-income-treated-unexplained-taxscan.webp "Credit Card Payments from Agricultural Income treated as Unexplained u/s 69C, Made Addition Based on Suspicion: ITAT Deletes Addition [Read Order]")
![Excessive Suo-Motu Disallowance u/s 14A Restricted: ITAT Grants Relief to Hero Cycles Ltd. in Income Tax Appeal [Read Order]](https://images.taxscan.in/h-upload/2025/09/25/2090909-itat-hero-cycles-ltd-income-tax-appeal-taxscan.webp "Excessive Suo-Motu Disallowance u/s 14A Restricted: ITAT Grants Relief to Hero Cycles Ltd. in Income Tax Appeal [Read Order]")
70-Year-Old Depositor’s Rs. 2,50,000 Demonetization Cash Treated as Unexplained: ITAT Deletes Addition citing CBDT Exemption Limit [Read Order]
The Rajkot Bench of Income Tax Appellate Tribunal ( ITAT ) deleted the addition of Rs. 2,50,000 cash, which had been treated as unexplained, for a 70-year-old depositor, citing the Central Board...
![70-Year-Old Depositor’s Rs. 2,50,000 Demonetization Cash Treated as Unexplained: ITAT Deletes Addition citing CBDT Exemption Limit [Read Order]](https://images.taxscan.in/h-upload/2025/09/24/2090538-itat-rajkot-demonetization-cash-cbdt-taxscan.webp "70-Year-Old Depositor’s Rs. 2,50,000 Demonetization Cash Treated as Unexplained: ITAT Deletes Addition citing CBDT Exemption Limit [Read Order]")
![Relief for Maxxis Rubber as ITAT Rejects PCIT’s Interpretation of Depreciation u/S. 263 [Read Order]](https://images.taxscan.in/h-upload/2025/09/25/2090826-maxxis-rubber-itat-pcit-taxscan.webp "Relief for Maxxis Rubber as ITAT Rejects PCIT’s Interpretation of Depreciation u/S. 263 [Read Order]")
Clerical Error in Asset Balances Leads to Increased Capital Gain: ITAT Condones Delay and Restores Matter to CIT(A) [Read Order]
The Surat Bench of Income Tax Appellate Tribunal ( ITAT ) condoned the delay and restored the matter to the Commissioner of Income Tax (Appeals)[CIT(A)] in a case where a clerical error in...
![Clerical Error in Asset Balances Leads to Increased Capital Gain: ITAT Condones Delay and Restores Matter to CIT(A) [Read Order]](https://images.taxscan.in/h-upload/2025/09/24/2090546-balances-leads-capital-gain-itat-taxscan.webp "Clerical Error in Asset Balances Leads to Increased Capital Gain: ITAT Condones Delay and Restores Matter to CIT(A) [Read Order]")
Relief for BMW: ITAT sets aside Final Assessment Order as Time-Barred u/s 144C(13) for Delay in Giving Effect to DRP Directions [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal ( ITAT ) granted relief to BMW India Pvt. Ltd. by setting aside the Final Assessment Order for Assessment Year 2011-12 as time-barred under section...
![Relief for BMW: ITAT sets aside Final Assessment Order as Time-Barred u/s 144C(13) for Delay in Giving Effect to DRP Directions [Read Order]](https://images.taxscan.in/h-upload/2025/09/25/2090919-bmw-taxscan.webp "Relief for BMW: ITAT sets aside Final Assessment Order as Time-Barred u/s 144C(13) for Delay in Giving Effect to DRP Directions [Read Order]")
No Fresh Income Tax Claims or Reassessment Permissible Post Approval of Resolution Plan: Supreme Court CJ Bench refuses to Interfere with Gujarat HC Order [Read Judgement]
In a recent ruling, the Supreme Court has refused to interfere with the Gujarat HighCourt’s decision confirming the decision that no fresh income tax claims or reassessment proceedings can be ...
![No Fresh Income Tax Claims or Reassessment Permissible Post Approval of Resolution Plan: Supreme Court CJ Bench refuses to Interfere with Gujarat HC Order [Read Judgement]](https://images.taxscan.in/h-upload/2025/09/25/2091001-supreme-court-income-tax-reassessment-taxcsan.webp "No Fresh Income Tax Claims or Reassessment Permissible Post Approval of Resolution Plan: Supreme Court CJ Bench refuses to Interfere with Gujarat HC Order [Read Judgement]")
Entire Business Expenses Disallowed Despite Active Painting Business: ITAT Restricts Disallowance to 20%, Partly Allowing Appeal [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal ( ITAT ) partly allowed the appeal and restricted the disallowance to 20% in a case where entire business expenses were disallowed despite the...
![Entire Business Expenses Disallowed Despite Active Painting Business: ITAT Restricts Disallowance to 20%, Partly Allowing Appeal [Read Order]](https://images.taxscan.in/h-upload/2025/09/24/2090531-business-expenses-itat-disallowance-taxscan.webp "Entire Business Expenses Disallowed Despite Active Painting Business: ITAT Restricts Disallowance to 20%, Partly Allowing Appeal [Read Order]")
Deduction u/s 54F of Income Tax Act can be Allowed on Substantiating Assessee’s Intention to Repay Borrowed Funds with Capital Gains: Kerala HC [Read Order]
The Kerala High Court has held that deduction under Section 54F of the Income TaxAct, 1961 can be allowed when assessee substantiate her intention to repay the borrowed funds with the capital gains....
![Deduction u/s 54F of Income Tax Act can be Allowed on Substantiating Assessee’s Intention to Repay Borrowed Funds with Capital Gains: Kerala HC [Read Order]](https://images.taxscan.in/h-upload/2025/09/25/2090960-capital-gains-deduction-income-tax-act-taxscan.webp "Deduction u/s 54F of Income Tax Act can be Allowed on Substantiating Assessee’s Intention to Repay Borrowed Funds with Capital Gains: Kerala HC [Read Order]")