Last Chance to Correct Your Taxes: File Updated ITR by March 31, 2025 to Avoid Higher Penalties
The Income Tax Department is urging taxpayers to make use of the Updated Income Tax Return (ITR) facility under Section 139(8A) of the Income Tax...
![ITAT Rules that the Addition of Unexplained Cash Credit u/s.68 is Invalid After Rejecting the Books of Accounts [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/unexplained-cash-credits.jpg "ITAT Rules that the Addition of Unexplained Cash Credit u/s.68 is Invalid After Rejecting the Books of Accounts [Read Order]")
![Rental Income From Trust Property cannot be Treated as Business Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/ITAT-ITAT-mumbai-Rental-Income-From-Trust-Property-TAXSCAN.jpg "Rental Income From Trust Property cannot be Treated as Business Income: ITAT [Read Order]")
Non-Service of Appeal Order of CIT(A): ITAT Restores Unexplained Money Matter for fresh adjudication [Read Order]
The Surat Bench of the Income Tax Appellate Tribunal (ITAT) restored the matter back to the Assessing Officer (AO) in a case involving unexplained money under Section 69A of the Income Tax Act,...
![Non-Service of Appeal Order of CIT(A): ITAT Restores Unexplained Money Matter for fresh adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Unexplained-Money-Case-ITAT-Appeal-CITA-Order-taxscan.jpg "Non-Service of Appeal Order of CIT(A): ITAT Restores Unexplained Money Matter for fresh adjudication [Read Order]")
CIT(A) Ignores Adjournment Request: ITAT Restores Appeal Citing Violation of Principles of Natural Justice [Read Order]
The Raipur Bench of the Income Tax Appellate Tribunal (ITAT) restored the matter observing that the Commissioner of Income Tax (Appeals) [CIT(A)] passed an ex-parte order without providing an...
![CIT(A) Ignores Adjournment Request: ITAT Restores Appeal Citing Violation of Principles of Natural Justice [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/ITAT-Appeal-CITA-Order-Income-Tax-Tribunal-taxscan.jpeg "CIT(A) Ignores Adjournment Request: ITAT Restores Appeal Citing Violation of Principles of Natural Justice [Read Order]")
Income Tax Rules Changing from April 1, 2025: Full Breakdown of New Slabs, 87A Rebate, and TDS Changes
Starting April 1, 2025, several key changes in income tax rules will come into effect, impacting salaried individuals, senior citizens, professionals, freelancers, investors, and commission earners....
Step-Siblings Included in 'Relative' Definition, Gift Received Not Taxable u/s 56(2) of Income Tax: ITAT [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) ruled that a step-sister included in the “relative” definition and gift received from step-siblings is not taxable under Section 56(2) of...
![Step-Siblings Included in Relative Definition, Gift Received Not Taxable u/s 56(2) of Income Tax: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Step-Siblings-Siblings-Gift-Received-Not-Taxable-Section-562-of-Income-Tax-Income-Tax-ITAT-Relative-Definition-taxscan.jpg "Step-Siblings Included in Relative Definition, Gift Received Not Taxable u/s 56(2) of Income Tax: ITAT [Read Order]")
Discretionary Power cannot be Exercised to Halt Income Tax Assessments involving Huge Undisclosed Income: Bombay HC refuses to Entertain plea [Read Order]
In a recent ruling, the Bombay High Court has ruled that its discretionary powers cannot be exercised to prevent the officers from proceedings with income tax assessment cases involving huge...
![Discretionary Power cannot be Exercised to Halt Income Tax Assessments involving Huge Undisclosed Income: Bombay HC refuses to Entertain plea [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Income-tax-assessment-ruling-Undisclosed-income-taxation-Bombay-High-Court-taxscan.jpg "Discretionary Power cannot be Exercised to Halt Income Tax Assessments involving Huge Undisclosed Income: Bombay HC refuses to Entertain plea [Read Order]")
Subsequent Judgment Overruling Tribunal’s Legal View Not a 'Mistake Apparent from Record': ITAT Rejects Recall Plea [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) dismissed the Revenue’s miscellaneous application seeking recall of its earlier order, citing that a subsequent Supreme Court judgment...
![Subsequent Judgment Overruling Tribunal’s Legal View Not a Mistake Apparent from Record: ITAT Rejects Recall Plea [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Subsequent-Judgment-Overruling-Tribunals-Legal-Mistake-Apparent-from-Record-ITAT-Taxscan.jpg "Subsequent Judgment Overruling Tribunal’s Legal View Not a Mistake Apparent from Record: ITAT Rejects Recall Plea [Read Order]")
![Change in Tax Consultant: ITAT Condones 38 days appeal Filing Delay [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Change-in-Tax-Consultant-ITAT-Condones-Filing-Delay-taxscan.jpg "Change in Tax Consultant: ITAT Condones 38 days appeal Filing Delay [Read Order]")