Income Tax Dept Picks 1.6 Lakh Returns for Scrutiny, Three Times Higher Than Usual
The Income Tax Department has selected around 1.65 lakh income taxreturns (ITRs) for scrutiny for the assessment year 2025. This is happening just...
![Bogus Transaction Addition: ITAT Says Duty Lies on Revenue to Ascertain Whether Bogus Deals Are Genuine Tax Planning or Evasion [Read Order]](https://images.taxscan.in/h-upload/2025/06/28/250x150_2055664-tax-planning-or-evasion-transaction-addition-bogus-deals-taxscan.webp "Bogus Transaction Addition: ITAT Says Duty Lies on Revenue to Ascertain Whether Bogus Deals Are Genuine Tax Planning or Evasion [Read Order]")
![Income Tax Penalty Notice Not Properly Served Initially, Reminded after 4 Months of its Issuance: Madras HC Directs Decision After Hearing [Read Order]](https://images.taxscan.in/h-upload/2025/06/28/250x150_2055622-kerala-hc-income-tax-penalty-income-tax-income-tax-news-kerala-hc-news-high-court-of-kerala-high-court-section-274-section-44ab-assessment-taxscan.webp "Income Tax Penalty Notice Not Properly Served Initially, Reminded after 4 Months of its Issuance: Madras HC Directs Decision After Hearing [Read Order]")
![Profits from Kuri Business Held Under Trust Eligible for Exemption u/s 11 of ITA: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/06/28/250x150_2055619-kuri-business.webp "Profits from Kuri Business Held Under Trust Eligible for Exemption u/s 11 of ITA: ITAT [Read Order]")
![Accommodation Entries Received in Guise of Unsecured Loan from Shell Companies: ITAT Directs Revenue to Examine Tax Evasion [Read Order]](https://images.taxscan.in/h-upload/2025/06/28/250x150_2055597-accommodation-accommodation-entries-received-entries-received-in-guise-unsecured-loan-taxscan.webp "Accommodation Entries Received in Guise of Unsecured Loan from Shell Companies: ITAT Directs Revenue to Examine Tax Evasion [Read Order]")
Superannuation Contribution Allowable if Paid Before Return Due Date and Fund Is Approved: ITAT [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) ruled that superannuation fund contribution is allowable as a deduction if paid before the due date of filing the return and the fund is...
![Superannuation Contribution Allowable if Paid Before Return Due Date and Fund Is Approved: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/06/28/500x300_2055572-superannuation-contribution-itat-taxscan.webp "Superannuation Contribution Allowable if Paid Before Return Due Date and Fund Is Approved: ITAT [Read Order]")
![Relief for Philips India: ITAT Upholds 30% Depreciation on Moulds Used by Exclusive Vendors [Read Order]](https://images.taxscan.in/h-upload/2025/06/28/500x300_2055568-philips-india-madras-highcourt-redo-assessment-tnvat-act-taxscan.webp "Relief for Philips India: ITAT Upholds 30% Depreciation on Moulds Used by Exclusive Vendors [Read Order]")
Claim for deduction u/s. 80P(2)(a)(i) of Income Tax Act cannot be disallowed solely on ground of lending money to non-members : ITAT Allows Appeal of Cooperative society [Read Order]
In a recent ruling the ITAT Cochin bench of the Income Tax Appellate Tribunal (ITAT) allowed the appeal of cooperative society by holding that the claim for deduction under section 80P(2)(a)(i)...
![Claim for deduction u/s. 80P(2)(a)(i) of Income Tax Act cannot be disallowed solely on ground of lending money to non-members : ITAT Allows Appeal of Cooperative society [Read Order]](https://images.taxscan.in/h-upload/2025/06/27/500x300_2055276-cooperative-society-itat-income-tax-act-taxscan.webp "Claim for deduction u/s. 80P(2)(a)(i) of Income Tax Act cannot be disallowed solely on ground of lending money to non-members : ITAT Allows Appeal of Cooperative society [Read Order]")
Disallowance of Related Party Payments u/s 40A(2)(b): ITAT Deletes Additions for AO’s Failure to Prove Excessiveness
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) deleted disallowances made under Section 40A(2)(b) for payments to related parties, holding that the Assessing Officer (AO) failed to...
MoU and Bank Records Support Loan Deal and Repayment: ITAT Flags Gaps in AO’s Unexplained Income Investigation [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has set aside the assessment order passed by the Assessing Officer (AO), which made additions totaling Rs. 2,23,53,793 under Section 68,...
![MoU and Bank Records Support Loan Deal and Repayment: ITAT Flags Gaps in AO’s Unexplained Income Investigation [Read Order]](https://images.taxscan.in/h-upload/2025/06/27/500x300_2055280-itat-itat-kolkata-income-tax-unexplained-income-case-income-tax-appellate-tribunal-taxscan-1.webp "MoU and Bank Records Support Loan Deal and Repayment: ITAT Flags Gaps in AO’s Unexplained Income Investigation [Read Order]")
CESTAT says Income Tax Data Alone Insufficient, Excludes Value of Goods from Taxable Service while quashing Service Tax Demand, Penalties [Read Order]
The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Allahabad Bench, has held that income declared in income tax returns or reflected in TDS statements cannot, by itself, form the...
![CESTAT says Income Tax Data Alone Insufficient, Excludes Value of Goods from Taxable Service while quashing Service Tax Demand, Penalties [Read Order]](https://images.taxscan.in/h-upload/2025/06/27/500x300_2055224-service-tax-demand-income-tax-taxscan.webp "CESTAT says Income Tax Data Alone Insufficient, Excludes Value of Goods from Taxable Service while quashing Service Tax Demand, Penalties [Read Order]")