ICSI Vows to Continue Fight for Recognition of Company Secretaries in Accountant Definition under New Income Tax Bill
The Institute of Company Secretaries of India (ICSI) has announced that it will continue to push for the inclusion of Company Secretaries (CS) in ...
![Half-Yearly Income Tax Case Digest: ITAT Decisions 2025 [Part II]](https://images.taxscan.in/h-upload/2025/08/01/2072041-itat-half-yearly-case-digest-taxscan.webp "Half-Yearly Income Tax Case Digest: ITAT Decisions 2025 [Part II]")
![Proceedings u/s 7 of IBC not valid when Financial Creditor already Received Pending Amount: NCLAT [Read Order]](https://images.taxscan.in/h-upload/2025/08/01/2071830-proceedings-ibc-financial-creditor-received-pending-amount-nclat-taxscan.webp "Proceedings u/s 7 of IBC not valid when Financial Creditor already Received Pending Amount: NCLAT [Read Order]")
![Half-Yearly Income Tax Case Digest: ITAT Decisions 2025 [Part I]](https://images.taxscan.in/h-upload/2025/08/01/2071905-itat-case-digest-taxscan.webp "Half-Yearly Income Tax Case Digest: ITAT Decisions 2025 [Part I]")
ITR filing in Jeopardy until ITR Filing Due Dates Update in Utility: Rs. 5000 Late Fees, CAs, Tax Practitioners frown over Income Tax Portal Issue
Chartered accountants and tax preparers across the country were jolted on 1 August 2025 when the Income-Tax Return (ITR) utility, both online and offline, began auto-levying a ₹5,000 late-filing...
ITAT Deletes ₹3 Crore Addition Made on Cash Deposits During Demonetization: Upholds Gold Jewellery Firm’s Sales as Genuine [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) has upheld the deletion of a ₹3.02 crore addition made under Section 68 of the Income Tax Act. The case involved Ankit Gold Ltd., a...
![ITAT Deletes ₹3 Crore Addition Made on Cash Deposits During Demonetization: Upholds Gold Jewellery Firm’s Sales as Genuine [Read Order]](https://images.taxscan.in/h-upload/2025/07/31/2071228-itat-cash-deposit-income-tax-act-taxscan.webp "ITAT Deletes ₹3 Crore Addition Made on Cash Deposits During Demonetization: Upholds Gold Jewellery Firm’s Sales as Genuine [Read Order]")
Income Tax Computation without Brought-Forward Business Losses, Unabsorbed Depreciation: ITAT Quashes CIT(A) Order [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT), in a recent ruling set aside the order Commissioner of Income Tax (Appeals) ( CIT(A) ) that had summarily dismissed an...
![Income Tax Computation without Brought-Forward Business Losses, Unabsorbed Depreciation: ITAT Quashes CIT(A) Order [Read Order]](https://images.taxscan.in/h-upload/2025/07/31/2071266-itat-directs-ao-itat-taxscan-2.webp "Income Tax Computation without Brought-Forward Business Losses, Unabsorbed Depreciation: ITAT Quashes CIT(A) Order [Read Order]")
Inadvertently Claimed Tax Exemption u/s 11/12A Instead of 10(23C)(via): ITAT Upholds JCIT(A) Relief as Form 10BB Filed Within Time [Read Order]
The Kolkata Bench of the Income Tax Appellate Tribunal (ITAT) has upheld the order of the Joint Commissioner of Income Tax (Appeals) in favor of B.P. Poddar Foundation for Education. The Tribunal...
![Inadvertently Claimed Tax Exemption u/s 11/12A Instead of 10(23C)(via): ITAT Upholds JCIT(A) Relief as Form 10BB Filed Within Time [Read Order]](https://images.taxscan.in/h-upload/2025/07/31/2071220-inadvertently-claimed-tax-exemption-itat-upholds-jcita-relief-form-10bb-filed-within-time-taxscan.webp "Inadvertently Claimed Tax Exemption u/s 11/12A Instead of 10(23C)(via): ITAT Upholds JCIT(A) Relief as Form 10BB Filed Within Time [Read Order]")
Reassessment After 4 Years With Same Set of Facts Which Already Available During Original Assessment Legally Bad: ITAT [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has set aside the reassessment order and declared the reopening of the assessment for Assessment Year (AY) 2012-13 after 4 years with the...
![Reassessment After 4 Years With Same Set of Facts Which Already Available During Original Assessment Legally Bad: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/07/31/2071302-reassessment-set-of-facts-available-original-assessment-legally-bad-itat-taxscan.webp "Reassessment After 4 Years With Same Set of Facts Which Already Available During Original Assessment Legally Bad: ITAT [Read Order]")
ITAT Remands Capital Gains Dispute to AO: Faults Revenue on Legal Oversight, Upholds Principles of Justice [Read Order]
The Chandigarh Bench of the Income Tax Appellate Tribunal (ITAT) has remanded the matter of capital gains taxation involving agriculturist Harwant Singh Grewal back to the Assessing Officer (AO) ...
![ITAT Remands Capital Gains Dispute to AO: Faults Revenue on Legal Oversight, Upholds Principles of Justice [Read Order]](https://images.taxscan.in/h-upload/2025/07/31/2071191-itat-remands-capital-dispute-faults-revenue-legal-oversight-upholds-principles-justice-taxscan.webp "ITAT Remands Capital Gains Dispute to AO: Faults Revenue on Legal Oversight, Upholds Principles of Justice [Read Order]")