ITR Filing for AY 2025-26 Begins; Over 54,000 Returns Filed Within First 3 Days
The Income Tax Return (ITR) filing season for the Assessment Year (AY) 2025–26 officially commenced on May 30, 2025, after a delay from the usual...
![ITAT Restores 80G Approval Matter to CIT(E), Citing Procedural Lapses in Rejection Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/06/itat-itat-roundup-weeklyrounup-taxscan-2.jpg "ITAT Restores 80G Approval Matter to CIT(E), Citing Procedural Lapses in Rejection Order [Read Order]")
![ITAT Directs AO to Verify R&D Expense Allocation for Piramal Enterprises Amid Unproven Link to Baddi Unit’s Manufacturing [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/06/Piramal-Enterprises.jpg "ITAT Directs AO to Verify R&D Expense Allocation for Piramal Enterprises Amid Unproven Link to Baddi Unit’s Manufacturing [Read Order]")
![ITAT Weekly Round-Up [May 27th - 31st]](https://www.taxscan.in/wp-content/uploads/2025/06/ITAT-Income-tax-news-Income-tax-updates-ITAT-judgments-TAXSCAN.jpg "ITAT Weekly Round-Up [May 27th - 31st]")
![Supreme Court Stays Madras HC Order Allowing Income Tax Reassessment Against Dalmia Bharat and Subsidiaries [Read Judgement]](https://www.taxscan.in/wp-content/uploads/2025/06/Dalmia.jpg "Supreme Court Stays Madras HC Order Allowing Income Tax Reassessment Against Dalmia Bharat and Subsidiaries [Read Judgement]")
Relief for IMA Kerala: ITAT Holds Revision u/s 263 Unjustified as AO Took Plausible View on Utilisation of Accumulated Surplus [Read Order]
The Cochin Bench of Income Tax Appellate Tribunal ( ITAT ) granted relief to Indian Medical Association (IMA), Kerala holding that revision under section 263 of Income Tax Act,1961 was unjustified as...
![Relief for IMA Kerala: ITAT Holds Revision u/s 263 Unjustified as AO Took Plausible View on Utilisation of Accumulated Surplus [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/06/IMA-Kerala-ITAT-Relief-for-IMA-Kerala-Taxscan.jpg "Relief for IMA Kerala: ITAT Holds Revision u/s 263 Unjustified as AO Took Plausible View on Utilisation of Accumulated Surplus [Read Order]")
Delay in Filing Appeal Due to CA's Death: ITAT Condones 872 Days Delay, Remands Matter [Read Order]
The Rajkot Bench of the Income Tax Appellate Tribunal (ITAT) has condoned a delay of 872 days in filing an appeal which was due to the death of the assessee’s chartered accountant and notices issued...
![Delay in Filing Appeal Due to CAs Death: ITAT Condones 872 Days Delay, Remands Matter [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/06/ITAT-ITAT-Rajkot-Delay-in-Filing-Appeal-TAXSCAN.jpg "Delay in Filing Appeal Due to CAs Death: ITAT Condones 872 Days Delay, Remands Matter [Read Order]")
PCIT Revises order of AO on Goodwill Depreciation and Loan Transaction: ITAT Overturns Order citing Verified Transaction [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal ( ITAT ) has set aside the revisionary order passed by the Principal Commissioner of Income Tax ( PCIT ), affirming the genuineness of...
![PCIT Revises order of AO on Goodwill Depreciation and Loan Transaction: ITAT Overturns Order citing Verified Transaction [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/06/Loan-Transaction.jpg "PCIT Revises order of AO on Goodwill Depreciation and Loan Transaction: ITAT Overturns Order citing Verified Transaction [Read Order]")
Extended Limitation Not Invocable When Service Tax Demand is Based Solely on Income Tax Disclosures: CESTAT [Read Order]
The New Delhi Bench of the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) ruled that the extended period of limitation under Section 73 of the Finance Act, 1994, cannot be used when the...
![Extended Limitation Not Invocable When Service Tax Demand is Based Solely on Income Tax Disclosures: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/06/Extended-Limitation-Extended-Limitation-Not-Invocable-Service-Tax-Demand-taxscan.jpg "Extended Limitation Not Invocable When Service Tax Demand is Based Solely on Income Tax Disclosures: CESTAT [Read Order]")
AO computes Net STCG for Non-STT: ITAT Allows Set-Off Against Non-STT Gains for US Resident [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal ( ITAT ) allowed the set-off of short-term capital losses ( STCL ) subject to Securities Transaction Tax ( STT ) against short-term capital gains...
![AO computes Net STCG for Non-STT: ITAT Allows Set-Off Against Non-STT Gains for US Resident [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/06/short-term-capital-gain.jpg "AO computes Net STCG for Non-STT: ITAT Allows Set-Off Against Non-STT Gains for US Resident [Read Order]")
Relief for Jaguar Services: ITAT Sets Aside S.263 Revision, Upholds AO’s 6% Disallowance on Alleged Bogus Purchases [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal(ITAT)Â granted relief to Jaguar Services Private Limited by setting aside the Section 263 revision under the Income Tax Act, 1961,for lack of fresh...
![Relief for Jaguar Services: ITAT Sets Aside S.263 Revision, Upholds AO’s 6% Disallowance on Alleged Bogus Purchases [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/06/Disallowance.jpg "Relief for Jaguar Services: ITAT Sets Aside S.263 Revision, Upholds AO’s 6% Disallowance on Alleged Bogus Purchases [Read Order]")
Win for Piramal Enterprises: ITAT Deletes 80IC Disallowance, Rejects Interest Allocation to Baddi Unit Funded by Rights Issue [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal ( ITAT )ruled in favor of Piramal Enterprises Ltd. by rejecting the interest allocation to its Baddi unit funded through a rights issue and deleting...
![Win for Piramal Enterprises: ITAT Deletes 80IC Disallowance, Rejects Interest Allocation to Baddi Unit Funded by Rights Issue [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/06/Win-for-Piramal-Enterprises-Piramal-Enterprises-ITAT-taxscan.jpg "Win for Piramal Enterprises: ITAT Deletes 80IC Disallowance, Rejects Interest Allocation to Baddi Unit Funded by Rights Issue [Read Order]")