How to Save Tax Legally in India: 10 Smart Tips you Must Know
The Indian Income Tax Act offers several provisions that allow taxpayers to reduce their taxable income through deductions and exemptions. By...
![Delhi HC Upholds RPM for Distributor Reselling Unmodified Goods without Value Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Delhi-High-Court-Resale-Price-Method-India-RPM-transfer-pricing-case-TAXSCAN.jpeg "Delhi HC Upholds RPM for Distributor Reselling Unmodified Goods without Value Addition [Read Order]")
![‘Clear-Cut Case of Concealment’: ITAT Upholds Penalty Under Section 271(1)(c) for Rs 2.65 Crore Bogus Share Capital [Reaed Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Clear-Cut-Case-Concealment-ITAT-Penalty-Under-Bogus-Share-Capital-TAXSCAN.jpg "‘Clear-Cut Case of Concealment’: ITAT Upholds Penalty Under Section 271(1)(c) for Rs 2.65 Crore Bogus Share Capital [Reaed Order]")
![Relief to Oriental Insurance: ITAT Upholds Deletion of Rs. 21.36 Crore Disallowance u/s 14A [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Relief-Oriental-Insurance-ITAT-Deletion-of-Crore-Disallowance-taxscan.jpg "Relief to Oriental Insurance: ITAT Upholds Deletion of Rs. 21.36 Crore Disallowance u/s 14A [Read Order]")
![ITAT sets aside Addition of Rs. 45.74 Lakh Cash Deposit during Demonetisation, Remands matter for fresh Examination [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/ITAT-Lakh-Cash-Deposit-Demonetisation-Remands-fresh-Examination-taxscan.jpg "ITAT sets aside Addition of Rs. 45.74 Lakh Cash Deposit during Demonetisation, Remands matter for fresh Examination [Read Order]")
![Failure to Adjudicate AO’s Jurisdictional Grounds: ITAT Remands Matter to CIT(A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/ITAT-Adjudication.jpg "Failure to Adjudicate AO’s Jurisdictional Grounds: ITAT Remands Matter to CIT(A) [Read Order]")
Advertisement, Marketing and Promotion expenditure incurred not constitute an “international transaction” u/s 92F of Income Tax Act: Delhi HC [Read Order]
The Delhi High Court in a recent case held that advertising, marketing, and Promotion expenditure incurred not constitute an “international transaction” under section 92F of the Income...
![Advertisement, Marketing and Promotion expenditure incurred not constitute an “international transaction” u/s 92F of Income Tax Act: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Delhi-High-Court-Income-tax-Income-tax-act-TAXSCAN.jpg "Advertisement, Marketing and Promotion expenditure incurred not constitute an “international transaction” u/s 92F of Income Tax Act: Delhi HC [Read Order]")
S. 143 Assessment Void Ab Initio: ITAT Rules AO Misapplied Jurisdiction Despite Satisfaction Note u/s 153C [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) quashed the assessment framed under Section 143 of the Income Tax Act, ruling it as void due to misapplied jurisdiction by the Assessing...
![S. 143 Assessment Void Ab Initio: ITAT Rules AO Misapplied Jurisdiction Despite Satisfaction Note u/s 153C [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Assessment-Void-Ab-Initio-_-TAXSCAN.webp "S. 143 Assessment Void Ab Initio: ITAT Rules AO Misapplied Jurisdiction Despite Satisfaction Note u/s 153C [Read Order]")
CIT(A) grants Relief on Interest Disallowance for Advances to Sister Concerns: ITAT Orders Verification of Funds Flow [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) directed the CIT(A) to verify the funds flow statement before allowing relief in a case concerning disallowance of interest on advances...
![CIT(A) grants Relief on Interest Disallowance for Advances to Sister Concerns: ITAT Orders Verification of Funds Flow [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Disallowance-interest-ITAT-TAXSCAN-2.jpg "CIT(A) grants Relief on Interest Disallowance for Advances to Sister Concerns: ITAT Orders Verification of Funds Flow [Read Order]")
Bogus Purchases of ₹2.5 Crore: ITAT applies 4% GP Rate citing Taxpayer’s Declared Profit [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) upheld the order of the Commissioner of Income Tax (Appeals) [CIT(A)], which restricted the addition on account of bogus purchases to 4%...
![Bogus Purchases of ₹2.5 Crore: ITAT applies 4% GP Rate citing Taxpayer’s Declared Profit [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/ITAT-Disputed-purchases-Labour-Expenses-Alleqed-Boqus-Purchases-taxscan.jpg "Bogus Purchases of ₹2.5 Crore: ITAT applies 4% GP Rate citing Taxpayer’s Declared Profit [Read Order]")
Religious Objects must be Assessed under 5% Expenditure Rule: ITAT restores 80G Application [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) restored the matter for fresh adjudication which is to be assessed at 5% Expenditure rule in a case where the Commissioner of Income...
![Religious Objects must be Assessed under 5% Expenditure Rule: ITAT restores 80G Application [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/ITAT-ITAT-Ahmedabad-ITAT-on-80G-application-TAXSCAN.jpg "Religious Objects must be Assessed under 5% Expenditure Rule: ITAT restores 80G Application [Read Order]")
Penalty u/s 270A for Misreporting without Proper Charge Specification Invalid: ITAT Deletes Rs. 38.05 Lakh Penalty [Read Order]
The Bangalore Bench of the Income Tax Appellate Tribunal (ITAT)deleted the penalty of Rs. 38.05 lakh imposed on the assessee due to the failure of the Assessing Officer (AO) to clearly specify the...
![Penalty u/s 270A for Misreporting without Proper Charge Specification Invalid: ITAT Deletes Rs. 38.05 Lakh Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Penalty-Penalty-Section-270A-Misreporting-without-Proper-Charge-Specification-Invalid-Proper-Charge-Specification-taxscan.jpg "Penalty u/s 270A for Misreporting without Proper Charge Specification Invalid: ITAT Deletes Rs. 38.05 Lakh Penalty [Read Order]")