![ITAT Sets Aside S.271(1)(c) Penalty as Additions Were Deleted and Claims Were Based on CA- Certified Audit Report [Read Order]](https://images.taxscan.in/h-upload/2025/07/04/500x300_2059123-penalty-audit-taxscan.webp "ITAT Sets Aside S.271(1)(c) Penalty as Additions Were Deleted and Claims Were Based on CA- Certified Audit Report [Read Order]")
ITAT Sets Aside S.271(1)(c) Penalty as Additions Were Deleted and Claims Were Based on CA- Certified Audit Report [Read Order]
The Delhi Bench of IncomeTax Appellate Tribunal ( ITAT ) set aside the penalty order under Section 271(1)(c) of Income Tax Act,1961,holding it...
![Income Tax Dept. Can’t Deny Adequate Time for SCN Reply Citing Limitation, Must Initiate Proceedings Earlier: Madras HC Grants Relief to Tamil Nadu Power Corp. [Read Order]](https://images.taxscan.in/h-upload/2025/07/04/250x150_2059088-income-tax-department-income-tax-department-cant-deny-adequate-time-taxscan.webp "Income Tax Dept. Can’t Deny Adequate Time for SCN Reply Citing Limitation, Must Initiate Proceedings Earlier: Madras HC Grants Relief to Tamil Nadu Power Corp. [Read Order]")
![AOs Application of Rule 8D Valid for Exempt Dividend Income: ITAT Upholds ₹15 Lakh Disallowance [Read Order]](https://images.taxscan.in/h-upload/2025/07/04/250x150_2059043-rule-8d-valid-exempt-dividend-income-disallowance-itat-taxscan.webp "AOs Application of Rule 8D Valid for Exempt Dividend Income: ITAT Upholds ₹15 Lakh Disallowance [Read Order]")
Relief for Hyundai: Madras HC Rules Income Tax Assessment Cannot Be Reopened Just for AO's Changed Opinion on Forex Gains [Read Order]
In a recent ruling, the Madras High Court quashed the reopening of Hyundai Motor India Ltd’s income tax assessment, stating that the action was based merely on a change of opinion by the Assessing...
![Relief for Hyundai: Madras HC Rules Income Tax Assessment Cannot Be Reopened Just for AOs Changed Opinion on Forex Gains [Read Order]](https://images.taxscan.in/h-upload/2025/07/03/500x300_2058629-relief-for-hyundai-hyundai-madras-hc-madras-hc-rules-taxscan.webp "Relief for Hyundai: Madras HC Rules Income Tax Assessment Cannot Be Reopened Just for AOs Changed Opinion on Forex Gains [Read Order]")
Relief to TVS: Madras HC Quashes Income Tax Notices Issued by JAO, Upholds Mandatory Notice By FAO under Faceless Assessment [Read Order]
In a Recent ruling, the Madras High Court has quashed income tax notices issued by the Jurisdictional Assessing Officer (JAO) and affirmed that such notices must be issued by the Faceless Assessment...
![Relief to TVS: Madras HC Quashes Income Tax Notices Issued by JAO, Upholds Mandatory Notice By FAO under Faceless Assessment [Read Order]](https://images.taxscan.in/h-upload/2025/07/03/500x300_2058603-tvs-mandatory-notice-income-tax-notices-taxscan.webp "Relief to TVS: Madras HC Quashes Income Tax Notices Issued by JAO, Upholds Mandatory Notice By FAO under Faceless Assessment [Read Order]")
Income Tax Proceedings cannot Survive if Empowering Notices have been Statutorily Quashed: Madras HC [Read Order]
In a recent ruling, the Madras High Court reiterated the settled position of law that all proceedings flowing from a foundational or “empowering” notice under the Income Tax Act, 1961 shall stand...
![Income Tax Proceedings cannot Survive if Empowering Notices have been Statutorily Quashed: Madras HC [Read Order]](https://images.taxscan.in/h-upload/2025/07/03/500x300_2058591-madras-hc-incometax-taxscan.webp "Income Tax Proceedings cannot Survive if Empowering Notices have been Statutorily Quashed: Madras HC [Read Order]")
ITAT Allows Appeal of Petrol Pump Owner for Statistical Purposes: Cites Consultant's Lapse and Denial of Fair Opportunity
The Pune Bench of the Income Tax Appellate Tribunal (ITAT has set aside the ex-parte appellate order against Shivraj Shankar Gundewadi, a petrol pump operator from Maharashtra, and remanded the...
![ITAT WEEKLY ROUND-UP [ June 21st - 27th ]](https://images.taxscan.in/h-upload/2025/07/03/500x300_2058414-itat-weekly-round-up-june-21st-27th-.webp "ITAT WEEKLY ROUND-UP [ June 21st - 27th ]")
Tax Rebate u/s 87A Denied Due to Omission in Original Return: ITAT Allows Rebate Claimed through Revised Return [Read Order]
The Bangalore Bench of the Income Tax Appellate Tribunal (ITAT) set aside the Commissioner of Income Tax (Appeals) [CIT(A)] which denied rebate claim under section 87A due to the omission in...
![Tax Rebate u/s 87A Denied Due to Omission in Original Return: ITAT Allows Rebate Claimed through Revised Return [Read Order]](https://images.taxscan.in/h-upload/2025/07/03/500x300_2058410-tax-rebate.webp "Tax Rebate u/s 87A Denied Due to Omission in Original Return: ITAT Allows Rebate Claimed through Revised Return [Read Order]")
