No Income Tax in U.S.? President Trump Suggests Tariffs Could Replace It
U.S. President Donald Trump has said that tariffs on imported goods could bring in so much money that the country might not need income tax anymore. ...
![No Income Tax Payable on New Flat Received in Exchange for Old One: ITAT deletes Addition u/s 56(2)(x)Â [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/No-Income-Tax-New-Flat-Received-Exchange-Old-One-ITAT-taxscan.jpg "No Income Tax Payable on New Flat Received in Exchange for Old One: ITAT deletes Addition u/s 56(2)(x)Â [Read Order]")
![ITAT Rules in Favor of NSE: Rs 170 Crore SGF Contribution Allowable as Business Expense [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/ITAT-ITAT-Rules-ITAT-Rules-in-Favor-of-NSE-NSE-taxscan.jpg "ITAT Rules in Favor of NSE: Rs 170 Crore SGF Contribution Allowable as Business Expense [Read Order]")
![ITAT Confirms ₹4.10 Cr Addition U/s 69, Upholds Courts’ Authority to Dismiss Defaulted Cases [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/ITAT-ITAT-Surat-Section-69-Income-tax-act-TAXSCAN.jpg "ITAT Confirms ₹4.10 Cr Addition U/s 69, Upholds Courts’ Authority to Dismiss Defaulted Cases [Read Order]")
![ITAT Remands ₹5.41 Cr TDS Disallowance on US Remittance for Reassessment Under India-US DTAA [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/ITAT-ITAT-Bengaluru-TDS-Disallowance-TAXSCAN.jpg "ITAT Remands ₹5.41 Cr TDS Disallowance on US Remittance for Reassessment Under India-US DTAA [Read Order]")
![ITAT Sets Aside CIT(A) Order on Kochin Co-op Societys Cash Deposits, Demands Fresh Review [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/cash-deposit-site-img.jpg "ITAT Sets Aside CIT(A) Order on Kochin Co-op Societys Cash Deposits, Demands Fresh Review [Read Order]")
Supreme Court Directs Courts & SRO to report Suits / Deeds of Cash Transaction Above ₹2 Lakh to Income Tax Authorities [Read Order]
The Supreme Court ordered courts and registration authorities to notify the Income Tax Department of any cash transactions above ₹2 lakhs, in a landmark decision intended to combat tax fraud and...
![Supreme Court Directs Courts & SRO to report Suits / Deeds of Cash Transaction Above ₹2 Lakh to Income Tax Authorities [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Supreme-Court-Advocates-on-Record-Supreme-Court-announces-Taxscan.jpg "Supreme Court Directs Courts & SRO to report Suits / Deeds of Cash Transaction Above ₹2 Lakh to Income Tax Authorities [Read Order]")
Income Tax Bill: ICMAI & ICSI Heard by Lok Sabha Select Committee Today, NFRA & MCA to Depose Tomorrow
The Lok Sabha Select Committee examining the Income Tax Bill, 2025, today heard oral submissions from the Institute of Cost Accountants of India (ICMAI) and the Institute of Company Secretaries of...
Allotment Date, Not Registration: ITAT’s Landmark Ruling Changes How House Property Sale Gains are Computed
A recent ruling by the Income Tax Appellate Tribunal (ITAT), Mumbai, has brought welcome relief to taxpayers selling house property. In a case involving Anil Murarilal Agarwal, the tribunal clarified...
ITAT Allows Section 80P Deduction for Kerala University Co-op Society's Bank Interest Income [Read Order]
The Income Tax Appellate Tribunal (ITAT) has ruled in favor of the Kerala University Employees Co-operative Society Ltd., granting it a deduction under Section 80P for interest income earned from...
![ITAT Allows Section 80P Deduction for Kerala University Co-op Societys Bank Interest Income [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Interest-Income-site-img.jpg "ITAT Allows Section 80P Deduction for Kerala University Co-op Societys Bank Interest Income [Read Order]")
