![ITAT upholds Revision on AOs Lapses in Verifying TDS on Rent and Unsecured Loans [Read Order]](https://images.taxscan.in/h-upload/2025/06/26/500x300_2054736-unsecured-loan-transaction-duly-substantiated-transaction-duly-itat-itat-upholds-deletion-itat-upholds-deletion-of-addition-taxscan-1.webp "ITAT upholds Revision on AOs Lapses in Verifying TDS on Rent and Unsecured Loans [Read Order]")
ITAT upholds Revision on AO's Lapses in Verifying TDS on Rent and Unsecured Loans [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench, has upheld the Principal Commissioner of Income Tax’s (PCIT) revisionary action under...
![S. 148A Notice Must Be Issued Before S. 147 Order: Jharkhand HC Quashes Order, Finds Lapse by Income Tax Dept [Read Order]](https://images.taxscan.in/h-upload/2025/06/26/250x150_2054677-notice-site-img.webp "S. 148A Notice Must Be Issued Before S. 147 Order: Jharkhand HC Quashes Order, Finds Lapse by Income Tax Dept [Read Order]")
![ITAT upholds PCIT Order on Depreciation Disallowance, holds AO Ignored Rental Terms and Asset Usage Facts [Read Order]](https://images.taxscan.in/h-upload/2025/06/26/250x150_2054669-pcit-order-depreciation-disallowance-asset-usage-facts-taxscan.webp "ITAT upholds PCIT Order on Depreciation Disallowance, holds AO Ignored Rental Terms and Asset Usage Facts [Read Order]")
![ITAT Sets Aside Ex-Parte CIT(A) Order, Slaps ₹10k Cost on Assessee for Chronic Delays [Read Order]](https://images.taxscan.in/h-upload/2025/06/26/250x150_2054654-itat-itat-sets-itat-sets-aside-ex-parte-cita-order-ex-parte-order-taxscan.webp "ITAT Sets Aside Ex-Parte CIT(A) Order, Slaps ₹10k Cost on Assessee for Chronic Delays [Read Order]")
![ITAT sets aside PCIT Order on Revenue Recognition, Holds No Revenue Prejudice as Income Declared in Subsequent Years [Read Order]](https://images.taxscan.in/h-upload/2025/06/26/250x150_2054662-itat-itat-roundup-weeklyrounup-taxscan-6.webp "ITAT sets aside PCIT Order on Revenue Recognition, Holds No Revenue Prejudice as Income Declared in Subsequent Years [Read Order]")
![ITAT gives Taxpayer Second Chance: Ex-Parte CIT(A) Order Set Aside for Natural Justice [Read Order]](https://images.taxscan.in/h-upload/2025/06/26/500x300_2054656-itat-ex-parte-cita-natural-justice-taxscan.webp "ITAT gives Taxpayer Second Chance: Ex-Parte CIT(A) Order Set Aside for Natural Justice [Read Order]")
Co-op Society wins ₹10.14L Tax Relief: ITAT rules FDR Interest Eligible for 80P Deduction [Read Order]
The Pune Bench of the Income Tax Appellate Tribunal (ITAT) has granted substantial tax relief to a cooperative credit society, holding that interest earned on fixed deposits (FDRs) with cooperative...
![Co-op Society wins ₹10.14L Tax Relief: ITAT rules FDR Interest Eligible for 80P Deduction [Read Order]](https://images.taxscan.in/h-upload/2025/06/26/500x300_2054663-cooperative-society-taxscan.webp "Co-op Society wins ₹10.14L Tax Relief: ITAT rules FDR Interest Eligible for 80P Deduction [Read Order]")
ITAT quashes ₹1.26Cr Addition: No Need to Prove ‘Source of Source’ for Pre-2013 Loans [Read Order]
The Income Tax Appellate Tribunal (ITAT) Mumbai Bench has set aside an addition of ₹1.26 crore made under Section 68 of the Income Tax Act against the appellant holding that for assessment years...
![ITAT quashes ₹1.26Cr Addition: No Need to Prove ‘Source of Source’ for Pre-2013 Loans [Read Order]](https://images.taxscan.in/h-upload/2025/06/26/500x300_2054642-loan-itat-taxscan.webp "ITAT quashes ₹1.26Cr Addition: No Need to Prove ‘Source of Source’ for Pre-2013 Loans [Read Order]")
Accountant’s Negligence: Uneducated Taxpayer wins Second Chance, ITAT condones 87-Day Delay [Read Order]
The Nagpur Bench of the Income Tax Appellate Tribunal (ITAT) has condoned a delay of 87 days in filing an appeal, granting relief to a taxpayer who claimed ignorance of proceedings due to negligence...
![Accountant’s Negligence: Uneducated Taxpayer wins Second Chance, ITAT condones 87-Day Delay [Read Order]](https://images.taxscan.in/h-upload/2025/06/26/500x300_2054644-accountants-negligence-uneducated-taxpayer-taxpayer-wins-second-chance-itat-taxscan.webp "Accountant’s Negligence: Uneducated Taxpayer wins Second Chance, ITAT condones 87-Day Delay [Read Order]")
ITAT Allows Foreign Tax Credit Despite Delay in Filing Form 67, Says Compliance is Directory and Not Mandatory [Read Order]
The Kolkata Bench of the Income Tax Appellate Tribunal (ITAT) has recently allowed a Foreign Tax Credit (FTC) to an assessee, despite a delay in filing Form 67, holding that procedural lapses cannot...
![ITAT Allows Foreign Tax Credit Despite Delay in Filing Form 67, Says Compliance is Directory and Not Mandatory [Read Order]](https://images.taxscan.in/h-upload/2025/06/26/500x300_2054616-itat-foreign-tax-credit-taxscan.webp "ITAT Allows Foreign Tax Credit Despite Delay in Filing Form 67, Says Compliance is Directory and Not Mandatory [Read Order]")
Income Tax Update: CBDT Relaxes Time Limit for Processing Valid Returns Filed Electronically pursuant to orders u/s 119(2)(b) [Read Circular]
The Central Board of Direct Taxes ( CBDT ) has issued Circular No. 07/2025 dated 25th June 2025, relaxing the time limit for processing valid income tax returns filed electronically pursuant to...
![Income Tax Update: CBDT Relaxes Time Limit for Processing Valid Returns Filed Electronically pursuant to orders u/s 119(2)(b) [Read Circular]](https://images.taxscan.in/h-upload/2025/06/26/500x300_2054566-income-tax-income-tax-return-time-extension-for-income-tax-return-taxscan.webp "Income Tax Update: CBDT Relaxes Time Limit for Processing Valid Returns Filed Electronically pursuant to orders u/s 119(2)(b) [Read Circular]")
Auditor affected with Covid Causes Delay in Form 10B Report Filing: Madras HC Condones 44-Day Delay with ₹5,000 Cost [Read Order]
The Madras High Court condoned a 44-day delay in filing Form 10B required for income tax exemption claims observing that the delay was due to the petitioner's auditor being affected by COVID-19...
![Auditor affected with Covid Causes Delay in Form 10B Report Filing: Madras HC Condones 44-Day Delay with ₹5,000 Cost [Read Order]](https://images.taxscan.in/h-upload/2025/06/26/500x300_2054527-madras-high-court-form-10b-report-filing-delay-condones-delay-taxscan.webp "Auditor affected with Covid Causes Delay in Form 10B Report Filing: Madras HC Condones 44-Day Delay with ₹5,000 Cost [Read Order]")