![ITAT Quashes Revision Order: No Section 40A(3) Disallowance When Income Estimated via Gross Profit Rate [Read Order]](https://images.taxscan.in/h-upload/2025/06/14/500x300_2044213-itat-itat-quashes-revision-order-no-section-40a3-disallowance-taxscan.webp "ITAT Quashes Revision Order: No Section 40A(3) Disallowance When Income Estimated via Gross Profit Rate [Read Order]")
ITAT Quashes Revision Order: No Section 40A(3) Disallowance When Income Estimated via Gross Profit Rate [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has set aside a revision order issued under Section 263 of the Income Tax Act against the ...
![Delhi HC Quashes Reassessment Proceedings Initated as Notice issued in name of Deceased Assessee [Read Order]](https://images.taxscan.in/h-upload/2025/06/14/250x150_2044232-delhi-highcourt-reassessment-proceedings-taxscan.webp "Delhi HC Quashes Reassessment Proceedings Initated as Notice issued in name of Deceased Assessee [Read Order]")
![ITAT Quashes Assessments Citing Mechanical Approval u/s 153D [Read Order]](https://images.taxscan.in/h-upload/2025/06/14/250x150_2044201-mechanical-itat-assessment-application-of-mind-taxscan.webp "ITAT Quashes Assessments Citing Mechanical Approval u/s 153D [Read Order]")
![Delhi HC upholds Conviction u/s 276 C(2) of Income Tax Act citing, Nonpayment of Income Tax Returns was wilful act of accused [Read Order]](https://images.taxscan.in/h-upload/2025/06/14/250x150_2044188-income-tax-return-taxscan.webp "Delhi HC upholds Conviction u/s 276 C(2) of Income Tax Act citing, Nonpayment of Income Tax Returns was wilful act of accused [Read Order]")
![Orissa HC Sets aside Order passed by NFAC without allowing 7 days Time Stipulated u/s 144B of Income Tax Act [Read Order]](https://images.taxscan.in/h-upload/2025/06/14/250x150_2044181-assessment-site-img-15.webp "Orissa HC Sets aside Order passed by NFAC without allowing 7 days Time Stipulated u/s 144B of Income Tax Act [Read Order]")
Delayed TDS Payment: Jharkhand HC Quahes Proceedings initiated under Income Tax Act considering Payment of tax with interest [Read Order]
The High Court of Jharkhand has quashed the order passed by the Special Judge, Economic Offences, Ranchi in Economic Offence on finding that the continuation of the criminal proceeding against the...
![Delayed TDS Payment: Jharkhand HC Quahes Proceedings initiated under Income Tax Act considering Payment of tax with interest [Read Order]](https://images.taxscan.in/h-upload/2025/06/14/500x300_2044172-income-tax-act-payment-tds-payment-taxscan.webp "Delayed TDS Payment: Jharkhand HC Quahes Proceedings initiated under Income Tax Act considering Payment of tax with interest [Read Order]")
Pension Account Attached for Income Tax Dues: Madras HC Allows Withdrawal Citing S.11 of TN Pension Act [Read Order]
The High Court of Madras, allowed monthly withdrawal of ₹48,000 from a pension account attached for tax recovery, citing protection under Section 11 of the Tamil Nadu Pension Act, 1871. ...
![Pension Account Attached for Income Tax Dues: Madras HC Allows Withdrawal Citing S.11 of TN Pension Act [Read Order]](https://images.taxscan.in/h-upload/2025/06/13/500x300_2043846-pension-act-income-tax-dues-tn-pension-act-taxscan.webp "Pension Account Attached for Income Tax Dues: Madras HC Allows Withdrawal Citing S.11 of TN Pension Act [Read Order]")
ITAT Allows Abu Dhabi Commercial Bank to Set Off PE Losses Against ECB Interest Income, Upholds 5% Concessional Tax Rate Under India-UAE Treaty [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal ( ITAT ) allowed Abu Dhabi Commercial Bank to set off losses of its Indian Permanent Establishment (PE) against interest income earned on External ...
![ITAT Allows Abu Dhabi Commercial Bank to Set Off PE Losses Against ECB Interest Income, Upholds 5% Concessional Tax Rate Under India-UAE Treaty [Read Order]](https://images.taxscan.in/h-upload/2025/06/13/500x300_2043688-itat-itat-mumbai-abhu-dhabi-commercial-bank-taxscan.webp "ITAT Allows Abu Dhabi Commercial Bank to Set Off PE Losses Against ECB Interest Income, Upholds 5% Concessional Tax Rate Under India-UAE Treaty [Read Order]")
ITAT Upholds Rule of Consistency: Rental Income from Leased Property Taxable as 'House Property', Not 'Business Income [Read Order]
The Income Tax Appellate Tribunal (ITAT) New Delhi Bench has reaffirmed the principle of consistency in tax treatment by ruling that rental income earned from leasing property should be taxed under...
![ITAT Upholds Rule of Consistency: Rental Income from Leased Property Taxable as House Property, Not Business Income [Read Order]](https://images.taxscan.in/h-upload/2025/06/13/500x300_2043636-rental-income-taxscan.webp "ITAT Upholds Rule of Consistency: Rental Income from Leased Property Taxable as House Property, Not Business Income [Read Order]")
Relief for Sahara Asset: Madras HC Upholds ITAT Order Allowing Mutual Fund Promotion Expenses as Commercially Justified [Read Order]
The High Court of Madras, upheld the ITAT’s order allowing Sahara Asset Management Company Pvt. Ltd. to claim mutual fund promotion and Initial Public Offering (IPO) related expenses as commercially...
![Relief for Sahara Asset: Madras HC Upholds ITAT Order Allowing Mutual Fund Promotion Expenses as Commercially Justified [Read Order]](https://images.taxscan.in/h-upload/2025/06/13/500x300_2043723-2041325-sahara.webp "Relief for Sahara Asset: Madras HC Upholds ITAT Order Allowing Mutual Fund Promotion Expenses as Commercially Justified [Read Order]")
Ethiopian Airlines’ Income from Simulator Training to FSTC, Dubai Not Taxable in India, Rules ITAT [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) ruled that the income earned by Ethiopian Airlines from providing simulator training services to Flight Simulation Technique Services (FSTC),...
![Ethiopian Airlines’ Income from Simulator Training to FSTC, Dubai Not Taxable in India, Rules ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/06/13/500x300_2043614-itat-itat-delhi-ethiopian-airlines-taxscan.webp "Ethiopian Airlines’ Income from Simulator Training to FSTC, Dubai Not Taxable in India, Rules ITAT [Read Order]")
Application seeking Approval under section 80G(5)(i) Rejected on technical ground without providing Time for Rectification: ITAT allows Rectification [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) allowed the rectification of error on the application seeking approval under section 80 G (5)(i) of the Income Tax Act, 1961 which was...
![Application seeking Approval under section 80G(5)(i) Rejected on technical ground without providing Time for Rectification: ITAT allows Rectification [Read Order]](https://images.taxscan.in/h-upload/2025/06/13/500x300_2043566-itat-teachnical-taxscan.webp "Application seeking Approval under section 80G(5)(i) Rejected on technical ground without providing Time for Rectification: ITAT allows Rectification [Read Order]")