Income Tax Department raids Meerut CA's Office and Residence
On Monday, July 14, 2025, the Income Tax Department conducted extensive raids at the residence and office of Chartered Accountant Nikhil Gupta,...
![ITAT Condones Delay and Restores Appeal for Fresh Adjudication Due to Lack of Natural Justice in NFAC Order [Read Order]](https://images.taxscan.in/h-upload/2025/07/15/250x150_2063916-nfac-bound-nfac-cbdt-cbdt-circular-itat-taxscan.webp "ITAT Condones Delay and Restores Appeal for Fresh Adjudication Due to Lack of Natural Justice in NFAC Order [Read Order]")
![Assessing Officer’s ‘Change of Mind’ Not Valid Ground for Reopening Assessment : Madras HC [Read Order]](https://images.taxscan.in/h-upload/2025/07/15/250x150_2063900-itat-itatdelhi-section-148-of-income-tax-act-income-tax-itat-quashes-reopening-income-tax-appellate-tribunal-taxscan-1.webp "Assessing Officer’s ‘Change of Mind’ Not Valid Ground for Reopening Assessment : Madras HC [Read Order]")
![ITAT Condones Significant Appeal Delay for Elderly Directors Citing Health Concerns Due to Pandemic [Read Order]](https://images.taxscan.in/h-upload/2025/07/14/250x150_2063772-itat-itat-condones-significant-appeal-delay-appeal-delay-appeal-delay-for-elderly-directors-taxscan.webp "ITAT Condones Significant Appeal Delay for Elderly Directors Citing Health Concerns Due to Pandemic [Read Order]")
![ITAT Rules Domain Registration and web Hosting not Royalty Income [Read Order]](https://images.taxscan.in/h-upload/2025/07/14/500x300_2063754-itat-itat-rules-itat-rules-domain-registration-domain-registration-taxscan.webp "ITAT Rules Domain Registration and web Hosting not Royalty Income [Read Order]")
40K Taxpayers Withdraw ₹1,045 Crore in Bogus ITR Deductions & Exemptions as Income Tax Department Strengthens Crackdown
The Central Board of Direct Taxes (CBDT) has doubled down on its nationwide campaign against taxpayers who had fraudulently claimed bogus exemptions and deductions in their Income Tax Returns. ...
![ITAT Remands Ex Parte Tax and Penalty Appeals citing delays and denied opportunity [Read Order]](https://images.taxscan.in/h-upload/2025/07/14/500x300_2063743-itat-itat-experte-order-taxscan.webp "ITAT Remands Ex Parte Tax and Penalty Appeals citing delays and denied opportunity [Read Order]")
![ITAT orders fresh hearing for Ex Parte dismissal of Agricultural Income Tax case [Read Order]](https://images.taxscan.in/h-upload/2025/07/14/500x300_2063723-agricultural-income-tax-case-taxscan.webp "ITAT orders fresh hearing for Ex Parte dismissal of Agricultural Income Tax case [Read Order]")
₹5 Crore Income Tax Demand Dropped! CA Praises Faceless Appeal for Hassle & Corruption Free Process
A proposed tax addition of Rs. 5 crores was dropped during the faceless appeal process by the Income Tax Department. The case involved an alleged unexplained unsecured loan under Section 68 of the...
Deduction Claim on Unpaid Ad-hoc Bonus from AY 1984-85: Bombay HC Quashes ₹12L Income Tax Penalty from 2002 ITAT Order citing Plausibility [Read Order]
The Bombay High Court recently set aside a penalty of ₹12,82,700 imposed on Carona Limited, noting that merely claiming deduction on unpaid ad-hoc bonus could not attract penalty under Section...
![Deduction Claim on Unpaid Ad-hoc Bonus from AY 1984-85: Bombay HC Quashes ₹12L Income Tax Penalty from 2002 ITAT Order citing Plausibility [Read Order]](https://images.taxscan.in/h-upload/2025/07/14/500x300_2063729-deduction-deduction-claim-deduction-claim-on-unpaid-ad-hoc-bonus-ad-hoc-bonus-taxscan.webp "Deduction Claim on Unpaid Ad-hoc Bonus from AY 1984-85: Bombay HC Quashes ₹12L Income Tax Penalty from 2002 ITAT Order citing Plausibility [Read Order]")
FTC Claim Not Denied Despite Delay as Filing of Form 67 Held Directory, Not Mandatory: ITAT [Read Order]
The Tribunal observed that the AO erred in denying credit for FTC even though the necessary form had been placed on record before the assessment order was passed. The Hyderabad Bench of the Income Tax...
![FTC Claim Not Denied Despite Delay as Filing of Form 67 Held Directory, Not Mandatory: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/07/13/500x300_2063353-ftc-claim-despite-delay-filing-form-67-directory-mandatory-itat-taxscan.webp "FTC Claim Not Denied Despite Delay as Filing of Form 67 Held Directory, Not Mandatory: ITAT [Read Order]")