![Accommodation Entry Transactions: ITAT quashes Revision Order upholding Plausible View by AO [Read Order]](https://images.taxscan.in/h-upload/2025/06/21/500x300_2051516-itat-itat-ahmedabad-itat-quashes-revision-order-taxscan.webp "Accommodation Entry Transactions: ITAT quashes Revision Order upholding Plausible View by AO [Read Order]")
Accommodation Entry Transactions: ITAT quashes Revision Order upholding Plausible View by AO [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) has quashed a revision order passed under Section 263 of the Income Tax Act, 1961,...
![ITR Filed 2 Seconds Late due to Glitches in Income Tax portal: ITAT directs to Treat Filed in Time [Read Order]](https://images.taxscan.in/h-upload/2025/06/19/250x150_2050606-itr-itr-filed-late-due-to-glitches-glitches-in-income-tax-portal-income-tax-portal-taxscan.webp "ITR Filed 2 Seconds Late due to Glitches in Income Tax portal: ITAT directs to Treat Filed in Time [Read Order]")
![Deduction of VRS Compensation by Auto Dealer: ITAT Remands to Verify if Amount was Disallowed while Computing Income [Read Order]](https://images.taxscan.in/h-upload/2025/06/20/250x150_2051143-deduction-deduction-of-vrs-compensation-vrs-compensation-by-auto-dealer-taxscan.webp "Deduction of VRS Compensation by Auto Dealer: ITAT Remands to Verify if Amount was Disallowed while Computing Income [Read Order]")
![Bombay HC directs Income Tax Commissioner to decide Royalty on Payment for Transponder Services [Read Order]](https://images.taxscan.in/h-upload/2025/06/20/250x150_2051157-bombay-hc-bombay-hc-directs-income-tax-commissioner-income-tax-commissioner-taxscan.webp "Bombay HC directs Income Tax Commissioner to decide Royalty on Payment for Transponder Services [Read Order]")
![Relief to Reliance Motors: ITAT holds Loan to Non-Shareholder Not a Deemed Dividend [Read Order]](https://images.taxscan.in/h-upload/2025/06/20/250x150_2051072-reliance-motors-itat-non-shareholder-taxscan.webp "Relief to Reliance Motors: ITAT holds Loan to Non-Shareholder Not a Deemed Dividend [Read Order]")
Relief to Mahindra & Mahindra Ltd, AO Has No Jurisdiction to Alter Net Profit in P & L Account Except Under S. 115J of Income Tax Act: Bombay HC [Read Order]
In a ruling in favour of Mahindra & Mahindra Ltd, the Bombay High Court stated that assessing officer do not have the jurisdiction to go behind net profit in profit and loss (P&L)account...
![Relief to Mahindra & Mahindra Ltd, AO Has No Jurisdiction to Alter Net Profit in P & L Account Except Under S. 115J of Income Tax Act: Bombay HC [Read Order]](https://images.taxscan.in/h-upload/2025/06/20/500x300_2050839-mba-vacancy-at-mahindra-mba-vacancy-mahindra-taxscan-1.webp "Relief to Mahindra & Mahindra Ltd, AO Has No Jurisdiction to Alter Net Profit in P & L Account Except Under S. 115J of Income Tax Act: Bombay HC [Read Order]")
Cash on Hand in Real Estate Business Not Unusual, Cannot Be Taxed Solely for Demonetization Deposits: ITAT [Read Order]
The Surat Bench of the Income Tax Appellate Tribunal (ITAT) partly allowed the appeal in a case concerning the addition of cash deposits made during the demonetization period, ruling that cash on...
![Cash on Hand in Real Estate Business Not Unusual, Cannot Be Taxed Solely for Demonetization Deposits: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/06/18/500x300_2050082-real-estate-business.webp "Cash on Hand in Real Estate Business Not Unusual, Cannot Be Taxed Solely for Demonetization Deposits: ITAT [Read Order]")
Cash on Hand in Real Estate Business Not Unusual, Cannot Be Taxed Solely for Demonetization Deposits: ITAT [Read Order]
The Surat Bench of the Income Tax Appellate Tribunal (ITAT) partly allowed the appeal in a case concerning the addition of cash deposits made during the demonetization period, ruling that cash on...
Loan Not Utilised for Business Purposes: ITAT upholds PCIT's Decision Directing AO to Verify Exemption u/s 14A [Read Order]
The Cochin Bench of the Income Tax Appellate Tribunal (ITAT) has upheld the order of the Principal Commissioner of Income Tax (PCIT) and confirmed that the deduction claimed for interest paid on a...
![Loan Not Utilised for Business Purposes: ITAT upholds PCITs Decision Directing AO to Verify Exemption u/s 14A [Read Order]](https://images.taxscan.in/h-upload/2025/06/18/500x300_2050053-itat-kolkata-income-tax-act-tax-news-increases-in-short-term-loans-taxscan.webp "Loan Not Utilised for Business Purposes: ITAT upholds PCITs Decision Directing AO to Verify Exemption u/s 14A [Read Order]")
![ITAT Denies Section 54F Exemption for Property Purchased in Mothers Name [Read Order]](https://images.taxscan.in/h-upload/2025/06/19/500x300_2050580-itat-itat-roundup-weeklyrounup-taxscan-5.webp "ITAT Denies Section 54F Exemption for Property Purchased in Mothers Name [Read Order]")
![Sale of REC/ Carbon Credits are Capital Receipt: ITAT Quashes Demand [Read Order]](https://images.taxscan.in/h-upload/2025/06/19/500x300_2050590-carbon-credits-itat-quashes-capital-receipt-taxscan.webp "Sale of REC/ Carbon Credits are Capital Receipt: ITAT Quashes Demand [Read Order]")