![Deduction Claim on Unpaid Ad-hoc Bonus from AY 1984-85: Bombay HC Quashes ₹12L Income Tax Penalty from 2002 ITAT Order citing Plausibility [Read Order]](https://images.taxscan.in/h-upload/2025/07/14/2063729-deduction-deduction-claim-deduction-claim-on-unpaid-ad-hoc-bonus-ad-hoc-bonus-taxscan.webp "Deduction Claim on Unpaid Ad-hoc Bonus from AY 1984-85: Bombay HC Quashes ₹12L Income Tax Penalty from 2002 ITAT Order citing Plausibility [Read Order]")
Deduction Claim on Unpaid Ad-hoc Bonus from AY 1984-85: Bombay HC Quashes ₹12L Income Tax Penalty from 2002 ITAT Order citing Plausibility [Read Order]
The Bombay High Court recently set aside a penalty of ₹12,82,700 imposed on Carona Limited, noting that merely claiming deduction on unpaid ad-hoc...
![FTC Claim Not Denied Despite Delay as Filing of Form 67 Held Directory, Not Mandatory: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/07/13/2063353-ftc-claim-despite-delay-filing-form-67-directory-mandatory-itat-taxscan.webp "FTC Claim Not Denied Despite Delay as Filing of Form 67 Held Directory, Not Mandatory: ITAT [Read Order]")
![ITAT WEEKLY ROUND-UP [ July 7th - July 12th ]](https://images.taxscan.in/h-upload/2025/07/12/2063271-itat-weekly-round-up-taxscan.webp "ITAT WEEKLY ROUND-UP [ July 7th - July 12th ]")
![Addition Based on Suspicion of Fictitious Profit via Client Code Modification Facility in F&O Segment Without Investigation Not Sustainable: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/07/12/2063200-itat-itat-roundup-weeklyrounup-taxscan-7.webp "Addition Based on Suspicion of Fictitious Profit via Client Code Modification Facility in F&O Segment Without Investigation Not Sustainable: ITAT [Read Order]")
![Husband Funded Investment in Joint Property Not Taxable: ITAT Deletes ₹2.18 Cr Addition u/s 69A [Read Order]](https://images.taxscan.in/h-upload/2025/07/12/2063189-joint-property-investment.webp "Husband Funded Investment in Joint Property Not Taxable: ITAT Deletes ₹2.18 Cr Addition u/s 69A [Read Order]")
Delay in Filing Form 10B and ITR Due to COVID: Madhya Pradesh HC Allows Condonation Citing Supreme Court’s Limitation Extension [Read Order]
The High Court of Madhya Pradesh allowed condonation of delay in filing Form 10, Form 10B, and the income tax return by a charitable society, noting that the delay occurred during the COVID-19 ...
![Delay in Filing Form 10B and ITR Due to COVID: Madhya Pradesh HC Allows Condonation Citing Supreme Court’s Limitation Extension [Read Order]](https://images.taxscan.in/h-upload/2025/07/12/2063181-form-10b-delay.webp "Delay in Filing Form 10B and ITR Due to COVID: Madhya Pradesh HC Allows Condonation Citing Supreme Court’s Limitation Extension [Read Order]")
Project Completion Method Upheld: ITAT Deletes ₹3.56 Crore Addition for Real Estate Developer [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) deleted an addition of Rs. 3,56,16,215 made by the Assessing Officer (AO) held that the assessee correctly followed the Project ...
![Project Completion Method Upheld: ITAT Deletes ₹3.56 Crore Addition for Real Estate Developer [Read Order]](https://images.taxscan.in/h-upload/2025/07/12/2063143-real-estate-developer-1.webp "Project Completion Method Upheld: ITAT Deletes ₹3.56 Crore Addition for Real Estate Developer [Read Order]")
S.40(a)(ia) Not Applicable to short deduction of TDS: Uttarakhand HC Dismisses Income Tax Appeal Against Samsung Heavy Industries [Read Order]
The Uttarakhand High Court, while dismissing the income tax appeal against Samsung Heavy Industries Company Limited, upheld the Income Tax Appellate Tribunal (ITAT) order holding section 40(a)(ia)...
![S.40(a)(ia) Not Applicable to short deduction of TDS: Uttarakhand HC Dismisses Income Tax Appeal Against Samsung Heavy Industries [Read Order]](https://images.taxscan.in/h-upload/2025/07/12/2063040-samsung-heavy-industries-.webp "S.40(a)(ia) Not Applicable to short deduction of TDS: Uttarakhand HC Dismisses Income Tax Appeal Against Samsung Heavy Industries [Read Order]")
![S. 238 of IBC cannot Override PMLA in Cases Involving Proceeds of Crime: NCLAT [Read Order]](https://images.taxscan.in/h-upload/2025/07/12/2063032-ibc-vs-pmla.webp "S. 238 of IBC cannot Override PMLA in Cases Involving Proceeds of Crime: NCLAT [Read Order]")
ITAT Rules Non-Submission of Provisional Registration Copy for S.12AB Registration Not a Ground to Determine Pre-Requisite Condition [Read Order]
The Nagpur Bench of the Income Tax Appellate Tribunal (ITAT) has set aside the order of the Commissioner of Income Tax (Exemptions) [CIT(E)] which rejected the application for registration under...
![ITAT Rules Non-Submission of Provisional Registration Copy for S.12AB Registration Not a Ground to Determine Pre-Requisite Condition [Read Order]](https://images.taxscan.in/h-upload/2025/07/12/2063021-registration-itat-taxscan.webp "ITAT Rules Non-Submission of Provisional Registration Copy for S.12AB Registration Not a Ground to Determine Pre-Requisite Condition [Read Order]")
Reassessment After 4 Years With Same Set of Facts Which Already Available During Original Assessment Legally Bad: ITAT [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has set aside the reassessment order and declared the reopening of the assessment for Assessment Year (AY) 2012-13 after 4 years with the...
![Reassessment After 4 Years With Same Set of Facts Which Already Available During Original Assessment Legally Bad: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/07/12/2063019-income-tax-reassessment-1.webp "Reassessment After 4 Years With Same Set of Facts Which Already Available During Original Assessment Legally Bad: ITAT [Read Order]")
Consider GST Registration and Import Export Certificate for Proprietor Claim: ITAT Remands FTC Matter for Verification [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has set aside the order of the Commissioner of Income Tax (Appeals) [CIT(A)] and directed to verify the assessee’s claim as proprietor of...
![Consider GST Registration and Import Export Certificate for Proprietor Claim: ITAT Remands FTC Matter for Verification [Read Order]](https://images.taxscan.in/h-upload/2025/07/12/2063202-registration-1.webp "Consider GST Registration and Import Export Certificate for Proprietor Claim: ITAT Remands FTC Matter for Verification [Read Order]")