![Income Tax Return Filing: Complete ITR Form 3 Checklist for AY 2025-26 [Read Notification]](https://www.taxscan.in/wp-content/uploads/2025/05/ITR-Form-3-income-tax-taxscan.jpg "Income Tax Return Filing: Complete ITR Form 3 Checklist for AY 2025-26 [Read Notification]")
Income Tax Return Filing: Complete ITR Form 3 Checklist for AY 2025-26 [Read Notification]
With the Assessment Season ongoing, taxpayers are required to get a head start on filing their income tax returns. Income tax in India plays a...
![Relief to Airtel, Charges Paid for Bandwidth to Overseas Telecom Operators Do Not Amount to Royalty under Income Tax Act: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/airtel-delhi-high-court-taxscan.jpg "Relief to Airtel, Charges Paid for Bandwidth to Overseas Telecom Operators Do Not Amount to Royalty under Income Tax Act: Delhi HC [Read Order]")
![Monetary Limits for Filing Income Tax Appeals before HC Enhanced to Rs. 2 Crores: Chhattisgarh HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Monetary-limits-tax-TAXSCAN.jpg "Monetary Limits for Filing Income Tax Appeals before HC Enhanced to Rs. 2 Crores: Chhattisgarh HC [Read Order]")
![Penalty under Income Tax not Imposable for Cash Repayment of Loan on Lender’s Instruction to Curb Interest Escalation: Chhattisgarh HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Income-Tax-Act-Cash-Transaction-Overview-of-Cash-Transaction-tax-evasion-non-cash-payments-reduce-tax-evasion-Cash-Transaction-Provisions-taxscan.jpg "Penalty under Income Tax not Imposable for Cash Repayment of Loan on Lender’s Instruction to Curb Interest Escalation: Chhattisgarh HC [Read Order]")
![ITAT Upholds CIT(A)’s Order Allowing 50% Depreciation on CNC Lathe Used Prior to Detection of Defect [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/CNC-Lathe.jpg "ITAT Upholds CIT(A)’s Order Allowing 50% Depreciation on CNC Lathe Used Prior to Detection of Defect [Read Order]")
Delay in filing Form 67 Shall not be Considered as Ground for Denying Foreign Tax Credit claim: ITAT [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Pune Bench, has ruled that delay in filing Form 67 cannot be taken as a valid ground for denying a taxpayer’s Foreign Tax Credit ( FTC ) claim. It stated...
![Delay in filing Form 67 Shall not be Considered as Ground for Denying Foreign Tax Credit claim: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Form-67-Delay-in-filing-Form-67-Ground-for-Denying-Foreign-Tax-Credit-claim-taxscan.jpg "Delay in filing Form 67 Shall not be Considered as Ground for Denying Foreign Tax Credit claim: ITAT [Read Order]")
![Limitation Period Expired: Delhi HC Quashes Income Tax Reassessment Proceedings [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Income-Tax-Reassessment-Delhi-High-Court-Income-Tax-Act-taxscan.jpg "Limitation Period Expired: Delhi HC Quashes Income Tax Reassessment Proceedings [Read Order]")
Minor’s Income Already Clubbed in Mother’s Return Cannot Be Re-opened in Father’s Hands: ITAT Quashes Proceedings [Read Order]
The Ahmedabad bench of Income Tax Appellate Tribunal ( ITAT ) quashed the income tax reassessment proceedings initiated against a father after finding that the minor son’s income had already been...
![Minor’s Income Already Clubbed in Mother’s Return Cannot Be Re-opened in Father’s Hands: ITAT Quashes Proceedings [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Minor-income-tax.jpg "Minor’s Income Already Clubbed in Mother’s Return Cannot Be Re-opened in Father’s Hands: ITAT Quashes Proceedings [Read Order]")
Interest Income Earned During Plant Setup Treated as Capital: ITAT Upholds CIT(A)'s Decision to Delete Addition [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal(ITAT)upheld the Commissioner of Income Tax(Appelas)[CIT(A)]'s decision to delete an addition made by the Assessing Officer(AO), who had treated...
![Interest Income Earned During Plant Setup Treated as Capital: ITAT Upholds CIT(A)s Decision to Delete Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/power-plant.jpg "Interest Income Earned During Plant Setup Treated as Capital: ITAT Upholds CIT(A)s Decision to Delete Addition [Read Order]")
![Jharkhand HC Quashes ITAT Ruling Which Deletes Addition u/s 40(a)(ia) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Jharkhand-High-Court.jpg "Jharkhand HC Quashes ITAT Ruling Which Deletes Addition u/s 40(a)(ia) of Income Tax Act [Read Order]")
ITAT Restores Cash Deposit Addition to AO for Fresh Examination after Assessee clarifies Bank Account Ownership [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) restores the cash deposit addition to the assessing officer (AO) for fresh examination after the assessee clarifies bank account ownership....
![ITAT Restores Cash Deposit Addition to AO for Fresh Examination after Assessee clarifies Bank Account Ownership [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/cash-deposit-itat-taxscan.jpg "ITAT Restores Cash Deposit Addition to AO for Fresh Examination after Assessee clarifies Bank Account Ownership [Read Order]")
Tax Exemption is Allowable to Officer belong to Scheduled Tribe: Gauhati HC Upholds Refund of Income Tax Deducted u/s 10(26) from Salary [Read Order]
The Gauhati High Court allowed a request that the central government reimburse the income tax withheld from the wages of a BSF Assistant Commandant who is a member of the Scheduled Tribe. The bench...
![Tax Exemption is Allowable to Officer belong to Scheduled Tribe: Gauhati HC Upholds Refund of Income Tax Deducted u/s 10(26) from Salary [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Income-Tax-Refund-Tax-Exemption-Salary-taxscan.jpg "Tax Exemption is Allowable to Officer belong to Scheduled Tribe: Gauhati HC Upholds Refund of Income Tax Deducted u/s 10(26) from Salary [Read Order]")