![Continuity of Proceedings under Income Tax Act before Competent Authority While pendency of matter before Supreme Court leads to multiplicity of litigation: HP HC [Read Order]](https://images.taxscan.in/h-upload/2025/07/11/500x300_2062757-income-tax-act-1.webp "Continuity of Proceedings under Income Tax Act before Competent Authority While pendency of matter before Supreme Court leads to multiplicity of litigation: HP HC [Read Order]")
Continuity of Proceedings under Income Tax Act before Competent Authority While pendency of matter before Supreme Court leads to multiplicity of litigation: HP HC [Read Order]
The Himachal Pradesh High Court has held that continuity of proceedings under the Income Tax Act, 1961, before competent authority while pendency of...
![ITAT Deletes ₹4.97 Lakh Income Tax Addition as ‘Unexplained Money’ on Surrendered ICICI Life Insurance Policy [Read Order]](https://images.taxscan.in/h-upload/2025/07/11/250x150_2062755-icici-life-insurance.webp "ITAT Deletes ₹4.97 Lakh Income Tax Addition as ‘Unexplained Money’ on Surrendered ICICI Life Insurance Policy [Read Order]")
![₹90 Lakh Received for Transferring Rights in Land without Registered Title Taxable as Income from Other Sources: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/07/11/250x150_2062754-land-registered-taxscan.webp "₹90 Lakh Received for Transferring Rights in Land without Registered Title Taxable as Income from Other Sources: ITAT [Read Order]")
![Deduction u/s 80IA of Income Tax Act must compute Market Value as per rate supplied by State Electricity Boards to consumer: Calcutta HC [Read Order]](https://images.taxscan.in/h-upload/2025/07/11/250x150_2062740-deduction-deduction-of-section-80ia-of-income-tax-act-income-tax-act-income-tax-taxscan.webp "Deduction u/s 80IA of Income Tax Act must compute Market Value as per rate supplied by State Electricity Boards to consumer: Calcutta HC [Read Order]")
![Accountant Not Informed About Income Tax Notice: ITAT Restores 12AB and 80G Registration Matter with 10k Costs [Read Order]](https://images.taxscan.in/h-upload/2025/07/11/250x150_2062678-income-tax-notice-taxscan.webp "Accountant Not Informed About Income Tax Notice: ITAT Restores 12AB and 80G Registration Matter with 10k Costs [Read Order]")
Income Tax Department Releases Excel-Based Utility, Schema, and Validations for ITR-2 and ITR-3 Filing for AY 2025-26 [Read Order]
In a significant update for taxpayers, the Income Tax Department has officially released the Excel-based utilities, JSON schemas, and validation files for filing Income Tax Returns (ITR) for ...
![Income Tax Department Releases Excel-Based Utility, Schema, and Validations for ITR-2 and ITR-3 Filing for AY 2025-26 [Read Order]](https://images.taxscan.in/h-upload/2025/07/11/500x300_2062671-2057513-itr-2-and-itr-3.webp "Income Tax Department Releases Excel-Based Utility, Schema, and Validations for ITR-2 and ITR-3 Filing for AY 2025-26 [Read Order]")
Calcutta HC upholds ITAT’s Order setting aside income tax reassessment even When all accounts are clarified by supporting documents [Read Order]
The Calcutta High Court upheld the Income Tax Appellate Tribunal ( ITAT)’s order setting aside the income tax reassessment even when all accounts are clarified by supporting documents. The...
![Calcutta HC upholds ITAT’s Order setting aside income tax reassessment even When all accounts are clarified by supporting documents [Read Order]](https://images.taxscan.in/h-upload/2025/07/11/500x300_2062661-income-tax-reassessment.webp "Calcutta HC upholds ITAT’s Order setting aside income tax reassessment even When all accounts are clarified by supporting documents [Read Order]")
Common Area Maintenance Charges Not Taxable as Rental Income: ITAT Deletes ₹17.08 Lakh Addition [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal ( ITAT ) deleted an addition of Rs. 17,08,908 made by the Assessing Officer ( AO ) and held that the recovery of Common Area Maintenance ...
![Common Area Maintenance Charges Not Taxable as Rental Income: ITAT Deletes ₹17.08 Lakh Addition [Read Order]](https://images.taxscan.in/h-upload/2025/07/11/500x300_2062636-common-area-maintenance-charges-maintenance-charges-maintenance-charges-not-taxable-taxscan.webp "Common Area Maintenance Charges Not Taxable as Rental Income: ITAT Deletes ₹17.08 Lakh Addition [Read Order]")
Dept Fails to Issue Mandatory Fresh 148A(b) Notice Post Faceless Reassessment Transition: Gujarat HC Quashes as Time-Barred [Read Order]
In a recent ruling, the Gujarat High Court held that a reassessment under the Income Tax Act is invalid if the department fails to issue a fresh notice under Section 148A(b) after the faceless...
![Dept Fails to Issue Mandatory Fresh 148A(b) Notice Post Faceless Reassessment Transition: Gujarat HC Quashes as Time-Barred [Read Order]](https://images.taxscan.in/h-upload/2025/07/11/500x300_2062616-itat-reassessment-income-tax-act-transaction-return-filed-calcutta-hc-appeal-taxscan-1.webp "Dept Fails to Issue Mandatory Fresh 148A(b) Notice Post Faceless Reassessment Transition: Gujarat HC Quashes as Time-Barred [Read Order]")
Unexplained Cash Credits Taxable Despite Rejected Books: ITAT Upholds ₹6.58 Crore Addition [Read Order]
The Tribunal upheld the addition of Rs. 6.58 crore as unexplained cash credits under Section 68 and ruled that such additions are permissible even when the assessee’s books of accounts are rejected....
![Unexplained Cash Credits Taxable Despite Rejected Books: ITAT Upholds ₹6.58 Crore Addition [Read Order]](https://images.taxscan.in/h-upload/2025/07/10/500x300_2062503-unexplained-cash-credits-taxable-despite-rejected-books-itat-upholds-taxscan.webp "Unexplained Cash Credits Taxable Despite Rejected Books: ITAT Upholds ₹6.58 Crore Addition [Read Order]")
Retrospective Amendment Inapplicable: ITAT Allows ₹2.32 Lakh Deduction for Trust’s Accumulated Fund Utilisation [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal ( ITAT ) and deleted the adjustment made by the Central Processing Centre (CPC), held that the retrospective amendment to Section 11(3) of...
![Retrospective Amendment Inapplicable: ITAT Allows ₹2.32 Lakh Deduction for Trust’s Accumulated Fund Utilisation [Read Order]](https://images.taxscan.in/h-upload/2025/07/10/500x300_2062465-retrospective-amendment-taxscan.webp "Retrospective Amendment Inapplicable: ITAT Allows ₹2.32 Lakh Deduction for Trust’s Accumulated Fund Utilisation [Read Order]")
ITAT Upholds Co-op Society’s Tax Exemption, Cites ‘Operational Funds’ to Reject Revenue’s Appeal on Interest Income [Read Order]
The Nagpur Bench of the Income Tax Appellate Tribunal (ITAT) has dismissed the Revenue’s appeals and upheld the tax exemption granted to a Co-operative Credit Society under Section 80P of the Income...
![ITAT Upholds Co-op Society’s Tax Exemption, Cites ‘Operational Funds’ to Reject Revenue’s Appeal on Interest Income [Read Order]](https://images.taxscan.in/h-upload/2025/07/10/500x300_2062434-coop-society-tax-taxscan.webp "ITAT Upholds Co-op Society’s Tax Exemption, Cites ‘Operational Funds’ to Reject Revenue’s Appeal on Interest Income [Read Order]")