![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]")
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...
![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/2025/06/26/250x150_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]](https://images.taxscan.in/h-upload/2025/06/26/250x150_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]](https://images.taxscan.in/h-upload/2025/06/26/250x150_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]")
![ITAT Deletes Addition u/s 68, Rules Assessee Proved Source of Funds for Land Purchases in Earlier Years [Read Order]](https://images.taxscan.in/h-upload/2025/06/25/250x150_2054400-land-purchases-source-of-funds-assessee-taxscan.webp "ITAT Deletes Addition u/s 68, Rules Assessee Proved Source of Funds for Land Purchases in Earlier Years [Read Order]")
ITAT Upholds CIT(A) Order: No Addition u/s 68 for Share Capital and Unsecured Loans as Assessee Proves Identity, Creditworthiness, and Genuineness [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has dismissed an appeal filed by the Revenue against Signature Global (India) Pvt. Ltd., ruling in favor of the assessee on issues related to...
![ITAT Upholds CIT(A) Order: No Addition u/s 68 for Share Capital and Unsecured Loans as Assessee Proves Identity, Creditworthiness, and Genuineness [Read Order]](https://images.taxscan.in/h-upload/2025/06/25/500x300_2054392-share-capital-and-unsecured-loans-taxscan.webp "ITAT Upholds CIT(A) Order: No Addition u/s 68 for Share Capital and Unsecured Loans as Assessee Proves Identity, Creditworthiness, and Genuineness [Read Order]")
ITAT sets aside Income Tax Penalty on Fruit Dealer for Misreporting, Directs CIT(A) to Reconsider Immunity Despite Form 68 Lapse [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) has set aside a penalty imposed for misreporting of income while directing the Commissioner of Income Tax (Appeals) ( CIT(A) ) to...
![ITAT sets aside Income Tax Penalty on Fruit Dealer for Misreporting, Directs CIT(A) to Reconsider Immunity Despite Form 68 Lapse [Read Order]](https://images.taxscan.in/h-upload/2025/06/25/500x300_2054364-2041840-penalty-us-2711c-estimated-itat-penalty-absence-concealment-taxscan.webp "ITAT sets aside Income Tax Penalty on Fruit Dealer for Misreporting, Directs CIT(A) to Reconsider Immunity Despite Form 68 Lapse [Read Order]")
Income Tax Payer Unable to Opt for Hearing Due to Portal Glitch: Madras HC Remands Case directing to Pay ₹10K to Govt Naturopathy Med. College [Read Order]
The Madras High Court has conditionally remanded an income tax assessment order after the petitioner was unable to opt for a personal hearing due to a technical glitch in the e-filing portal. ...
![Income Tax Payer Unable to Opt for Hearing Due to Portal Glitch: Madras HC Remands Case directing to Pay ₹10K to Govt Naturopathy Med. College [Read Order]](https://images.taxscan.in/h-upload/2025/06/25/500x300_2054425-madras-high-court-income-tax-payer-portal-glitch-taxscan.webp "Income Tax Payer Unable to Opt for Hearing Due to Portal Glitch: Madras HC Remands Case directing to Pay ₹10K to Govt Naturopathy Med. College [Read Order]")
![S.11 & 12 Exemption Cannot Be Denied Merely Due to Delayed Registration of Trust: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/06/25/500x300_2054350-itat-registration-of-trust-exemption-taxscan.webp "S.11 & 12 Exemption Cannot Be Denied Merely Due to Delayed Registration of Trust: ITAT [Read Order]")
ITAT permits Inclusion of Five Comparable Companies for Transfer Pricing, quashes Rs. 2.39 Cr Adjustment [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has allowed the inclusion of five additional companies as comparables for transfer pricing benchmarking and quashing a transfer pricing...
![ITAT permits Inclusion of Five Comparable Companies for Transfer Pricing, quashes Rs. 2.39 Cr Adjustment [Read Order]](https://images.taxscan.in/h-upload/2025/06/25/500x300_2054339-itat-mumbai-companies-transfer-pricing-quashes-tax-assessment-taxscan.webp "ITAT permits Inclusion of Five Comparable Companies for Transfer Pricing, quashes Rs. 2.39 Cr Adjustment [Read Order]")
ITAT Remands Rejection of Charitable Trust Registration Due to Insufficient Verification of Seminar Expenses and TDS Deductions [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has remanded the rejection of applications for registration citing insufficient verification of seminar expenses and TDS deductions by the...
![ITAT Remands Rejection of Charitable Trust Registration Due to Insufficient Verification of Seminar Expenses and TDS Deductions [Read Order]](https://images.taxscan.in/h-upload/2025/06/25/500x300_2054269-charitable-trusts-taxscan.webp "ITAT Remands Rejection of Charitable Trust Registration Due to Insufficient Verification of Seminar Expenses and TDS Deductions [Read Order]")
Defective Income Tax Notice Invalidates S. 271(1)(C) Proceedings: ITAT Deletes Penalty [Read Order]
The Pune Bench of the Income Tax Appellate Tribunal (ITAT) has set aside a penalty of Rs. 13,44,580 imposed under Section 271(1)(c) of the IncomeTax Act, 1961, citing the defective income tax notice...
![Defective Income Tax Notice Invalidates S. 271(1)(C) Proceedings: ITAT Deletes Penalty [Read Order]](https://images.taxscan.in/h-upload/2025/06/25/500x300_2054276-penalty-income-tax-act-imposed-for-mistake-by-accountant-itat-taxscan.webp "Defective Income Tax Notice Invalidates S. 271(1)(C) Proceedings: ITAT Deletes Penalty [Read Order]")