![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]")
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 ...
![Non-Compliance with Fresh Registration Requirement Following J&K Reorganisation: ITAT Rejects S. 12A Registration [Read Order]](https://images.taxscan.in/h-upload/2025/07/10/250x150_2062428-non-compliance-with-fresh-registration-fresh-registration-requirement-following-jk-reorganisation-taxscan.webp "Non-Compliance with Fresh Registration Requirement Following J&K Reorganisation: ITAT Rejects S. 12A Registration [Read Order]")
![Real Estate Firm Backs Down: ITAT Formally Dismisses Uncontested Tax Appeal [Read Order]](https://images.taxscan.in/h-upload/2025/07/10/250x150_2062430-real-estate-firm-itat-tax-appeal-taxscan.webp "Real Estate Firm Backs Down: ITAT Formally Dismisses Uncontested Tax Appeal [Read Order]")
![Taxpayer Wins Remand Despite Lapses: ITAT Orders New Hearing on ₹34 Lakh Unexplained Credit [Read Order]](https://images.taxscan.in/h-upload/2025/07/10/250x150_2062424-itat-nagapur-unexplained-credit-taxpayer-taxscan.webp "Taxpayer Wins Remand Despite Lapses: ITAT Orders New Hearing on ₹34 Lakh Unexplained Credit [Read Order]")
![ITAT Grants Liquor Shop Owner Second Chance, Cites Natural Justice in Ex-Parte Case [Read Order]](https://images.taxscan.in/h-upload/2025/07/10/250x150_2062417-kerala-high-court-kerala-state-beverages-corporation-liquor-outlets-in-kerala-forest-areas-in-kerala-excise-commissioner-taxscan.webp "ITAT Grants Liquor Shop Owner Second Chance, Cites Natural Justice in Ex-Parte Case [Read Order]")
Relief for UCIL: ITAT Finds No Penalty Warranted u/s 270A for Missed CSR Disallowance Due to Accountant’s Error [Read Order]
The Ranchi Bench of Income Tax Appellate Tribunal ( ITAT ) finds no penalty warranted under Section 270A of the Income Tax Act,1961, for missed Corporate Social Responsibility (CSR) disallowance...
![Relief for UCIL: ITAT Finds No Penalty Warranted u/s 270A for Missed CSR Disallowance Due to Accountant’s Error [Read Order]](https://images.taxscan.in/h-upload/2025/07/10/500x300_2062412-ucil-relief-taxscan.webp "Relief for UCIL: ITAT Finds No Penalty Warranted u/s 270A for Missed CSR Disallowance Due to Accountant’s Error [Read Order]")
ITAT Can Allow 10% LTCG Rate on Unlisted Shares Despite No Revised Return if Facts Are on Record: Gujarat HC [Read Order]
In a recent ruling, the Gujarat High Court held that the Income Tax Appellate Tribunal (ITAT) can allow a 10% tax rate on long-term capital gains from the sale of unlisted shares even if the...
![ITAT Can Allow 10% LTCG Rate on Unlisted Shares Despite No Revised Return if Facts Are on Record: Gujarat HC [Read Order]](https://images.taxscan.in/h-upload/2025/07/10/500x300_2062358-capital-gain-capital-gain-tax-long-term-capital-gain-will-removing-long-term-capital-gain-taxscan.webp "ITAT Can Allow 10% LTCG Rate on Unlisted Shares Despite No Revised Return if Facts Are on Record: Gujarat HC [Read Order]")
![ITAT Grants Relief to NGO: Technical Filing Error Wont Block 80G Tax Benefits [Read Order]](https://images.taxscan.in/h-upload/2025/07/10/500x300_2062347-itat-registration-application-section-12ab-taxscan.webp "ITAT Grants Relief to NGO: Technical Filing Error Wont Block 80G Tax Benefits [Read Order]")
ITAT Upholds Deletion of Bogus LTCG Addition, Rules No Evidence of Tax Evasion in Share Transactions [Read Order]
The Income Tax Appellate Tribunal (ITAT), Nagpur Bench, has upheld the decision of the Commissioner of Income Tax (Appeals) to delete a ₹5.60 crore addition made under Section 68 of the Income Tax...
![ITAT Upholds Deletion of Bogus LTCG Addition, Rules No Evidence of Tax Evasion in Share Transactions [Read Order]](https://images.taxscan.in/h-upload/2025/07/10/500x300_2062323-bogus-ltcg-itat-upholds-tax-evasion-taxscn.webp "ITAT Upholds Deletion of Bogus LTCG Addition, Rules No Evidence of Tax Evasion in Share Transactions [Read Order]")
ITAT Quashes Penalties Citing Revised Audit Report, Rules No Intentional Misreporting by Cooperative Society [Read Order]
The Income Tax Appellate Tribunal (ITAT), Nagpur Bench, has quashed penalties totaling ₹7,78,502 imposed on a cooperative society, under Section 270A of the Income Tax Act, 1961. The tribunal ruled...
![ITAT Quashes Penalties Citing Revised Audit Report, Rules No Intentional Misreporting by Cooperative Society [Read Order]](https://images.taxscan.in/h-upload/2025/07/10/500x300_2062324-itat-itat-quashes-itat-quashes-penalties-penalties-penalties-citing-revised-audit-report-taxscan.webp "ITAT Quashes Penalties Citing Revised Audit Report, Rules No Intentional Misreporting by Cooperative Society [Read Order]")
ITAT Dismisses Revenue’s Appeal, Upholds Deletion of ₹5.2 Crore Addition Under Section 41(1) Due to Lack of Cessation of Liability Evidence [Read Order]
The Income Tax Appellate Tribunal (ITAT), Nagpur Bench, has dismissed an appeal filed by the Revenue and affirmed the deletion of ₹5.2 crore added under Section 41(1) of the Income Tax Act, 1961, in...
![ITAT Dismisses Revenue’s Appeal, Upholds Deletion of ₹5.2 Crore Addition Under Section 41(1) Due to Lack of Cessation of Liability Evidence [Read Order]](https://images.taxscan.in/h-upload/2025/07/10/500x300_2062349-liability-evidence.webp "ITAT Dismisses Revenue’s Appeal, Upholds Deletion of ₹5.2 Crore Addition Under Section 41(1) Due to Lack of Cessation of Liability Evidence [Read Order]")
ITAT Grants School Principal Fresh Hearing in 3.65 Crore Tax Case, Cites Procedural Lapses [Read Order]
The Income Tax Appellate Tribunal (ITAT), Nagpur Bench, has set aside an appeal order and directed a fresh hearing for a school principal accused of failing to disclose cash deposits worth ₹3.65...
![ITAT Grants School Principal Fresh Hearing in 3.65 Crore Tax Case, Cites Procedural Lapses [Read Order]](https://images.taxscan.in/h-upload/2025/07/10/500x300_2062337-tax-for-school-principal.webp "ITAT Grants School Principal Fresh Hearing in 3.65 Crore Tax Case, Cites Procedural Lapses [Read Order]")