![ITAT rejects Revenues Claim: ₹3.8 Crore Unaccounted Income Addition Based on Mere Name Similarity [Read Order]](https://images.taxscan.in/h-upload/2025/07/26/2069422-itat-itat-raipur-unaccounted-income-addition-name-similarity-section-69a-income-tax-act-taxscan.webp "ITAT rejects Revenues Claim: ₹3.8 Crore Unaccounted Income Addition Based on Mere Name Similarity [Read Order]")
ITAT rejects Revenue's Claim: ₹3.8 Crore 'Unaccounted Income' Addition Based on Mere Name Similarity [Read Order]
The Income Tax Appellate Tribunal (ITAT), Rajpur bench, has dismissed the tax department's appeal challenging the deletion of a ₹3.81 crore addition ...
![ITAT WEEKLY ROUND-UP [July 19th - July 26th]](https://images.taxscan.in/h-upload/2025/07/26/2069431-itat-weekly-round-up-itat-weekly-round-up-taxscan.webp "ITAT WEEKLY ROUND-UP [July 19th - July 26th]")
![ITAT rules in Favor of Jaggery Trader, holds No 40(a)(ia) Disallowance Where Tax already Paid on Interest Income [Read Order]](https://images.taxscan.in/h-upload/2025/07/26/2069427-itat-rules-favor-jaggery-trader-40aia-disallowance-tax-interest-income-taxscan.webp "ITAT rules in Favor of Jaggery Trader, holds No 40(a)(ia) Disallowance Where Tax already Paid on Interest Income [Read Order]")
![Karnataka HC Disposes Himalaya Drug Company Appeal as Assessment Held Time-Barred u/s 144C(13) of Income Tax Act [Read Order]](https://images.taxscan.in/h-upload/2025/07/26/2069411-himalaya-drug-company-tax-appeal.webp "Karnataka HC Disposes Himalaya Drug Company Appeal as Assessment Held Time-Barred u/s 144C(13) of Income Tax Act [Read Order]")
Mismatch in Form 26AS Led to ₹15.43 lakh Addition: ITAT Remands Matter to AO for Verification [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) remanded the matter to the Assessing Officer (AO) for verification, after noting that an addition of ₹15.43 lakh was made due to...
![Mismatch in Form 26AS Led to ₹15.43 lakh Addition: ITAT Remands Matter to AO for Verification [Read Order]](https://images.taxscan.in/h-upload/2025/07/26/2069406-itat-addition-taxscan.webp "Mismatch in Form 26AS Led to ₹15.43 lakh Addition: ITAT Remands Matter to AO for Verification [Read Order]")
Madras HC Holds Income Tax Revision u/s 263 Time-Barred as Limitation Must Be Computed from Original Assessment Date [Read Order]
The High Court of Madras, held that the revision order passed under Section 263 of the Income Tax Act,1961, was time-barred, as the two-year limitation period must be computed from the date of the...
![Madras HC Holds Income Tax Revision u/s 263 Time-Barred as Limitation Must Be Computed from Original Assessment Date [Read Order]](https://images.taxscan.in/h-upload/2025/07/26/2069394-madras-hc-income-tax-revision-us-263-time-barred-limitation-computed-original-assessment-date-taxscan.webp "Madras HC Holds Income Tax Revision u/s 263 Time-Barred as Limitation Must Be Computed from Original Assessment Date [Read Order]")
ITAT Allows LTCG Exemption u/s 10(38) as Inherited Shares Were Held Long-Term, Deletes STCG Addition [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal ( ITAT ) deleted the Short Term Capital Gains (STCG) addition and allowed Long Term Capital Gains ( LTCG ) exemption under Section 10(38) of...
![ITAT Allows LTCG Exemption u/s 10(38) as Inherited Shares Were Held Long-Term, Deletes STCG Addition [Read Order]](https://images.taxscan.in/h-upload/2025/07/26/2069358-fraudulent-capital-gain-capital-gain-itat-taxscan.webp "ITAT Allows LTCG Exemption u/s 10(38) as Inherited Shares Were Held Long-Term, Deletes STCG Addition [Read Order]")
Addition u/s 69C for Alleged Bogus Purchases: ITAT Restricts Disallowance to 8% Citing Accepted Sales and Audited Records [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) restricted the disallowance to 8% under section 69C of Income Tax Act,1961, for alleged bogus purchases, citing accepted sales and...
![Addition u/s 69C for Alleged Bogus Purchases: ITAT Restricts Disallowance to 8% Citing Accepted Sales and Audited Records [Read Order]](https://images.taxscan.in/h-upload/2025/07/26/2069350-disallowance-taxscan.webp "Addition u/s 69C for Alleged Bogus Purchases: ITAT Restricts Disallowance to 8% Citing Accepted Sales and Audited Records [Read Order]")
Assessee Denied Minimum time of 7 Days to Respond to Income Tax SCN: Telangana HC Quashes Assessment for Violating CBDT SOP [Read Order]
In a recent ruling, the Telangana High Court quashed an income tax show-cause notice (SCN) and assessment order noting that the Income Tax Department failed to adhere to its own Standard Operating...
![Assessee Denied Minimum time of 7 Days to Respond to Income Tax SCN: Telangana HC Quashes Assessment for Violating CBDT SOP [Read Order]](https://images.taxscan.in/h-upload/2025/07/26/2069304-scn-income-tax-taxscan.webp "Assessee Denied Minimum time of 7 Days to Respond to Income Tax SCN: Telangana HC Quashes Assessment for Violating CBDT SOP [Read Order]")
Income Tax Reassessment without Faceless Procedure Illegal: Telangana HC Quashes Notices u/s 148A and 148 [Read Order]
The Telangana High Court recently quashed an income tax reassessment notice, noting that the Department failed to initiate proceedings as per the mandatory faceless procedure, in violation of...
![Income Tax Reassessment without Faceless Procedure Illegal: Telangana HC Quashes Notices u/s 148A and 148 [Read Order]](https://images.taxscan.in/h-upload/2025/07/26/2069282-itat-itat-mumbai-income-tax-income-tax-reassessment-director-general-pcit-pccit-approval-director-general-approval-taxscan-1.webp "Income Tax Reassessment without Faceless Procedure Illegal: Telangana HC Quashes Notices u/s 148A and 148 [Read Order]")