![[TAXSCAN 360] Income Tax Rectification: Time Limits and Grounds for Seeking Rectification u/s 154](https://images.taxscan.in/h-upload/2025/06/23/2053181-taxscan-360-income-tax-rectification-income-tax-rectification-income-tax-taxscan.webp "[TAXSCAN 360] Income Tax Rectification: Time Limits and Grounds for Seeking Rectification u/s 154")
[TAXSCAN 360] Income Tax Rectification: Time Limits and Grounds for Seeking Rectification u/s 154
For both taxpayers and tax authorities, rectification is an important solution for resolving mistakes in the income tax orders. When there is an...
![ITAT Holds 10% Tolerance Limit u/s 56(2)(x) Applicable Retrospectively, Cuts Addition in Property Valuation Case [Read Order]](https://images.taxscan.in/h-upload/2025/06/23/2053169-itat-tolerance-limit-taxscan.webp "ITAT Holds 10% Tolerance Limit u/s 56(2)(x) Applicable Retrospectively, Cuts Addition in Property Valuation Case [Read Order]")
![ITAT Sets Aside Penalty Order, Cites Denial of Fair Hearing Due to Improper E-Notice Delivery [Read Order]](https://images.taxscan.in/h-upload/2025/06/23/2053117-d0358ca8-9bcc-47a4-aadb-5f709f3e4963.webp "ITAT Sets Aside Penalty Order, Cites Denial of Fair Hearing Due to Improper E-Notice Delivery [Read Order]")
![ITAT Upholds Tax on Unsold Inventory as Income from House Property, Directs Recalculation of ALV Based on Market Rates [Read Order]](https://images.taxscan.in/h-upload/2025/06/23/2053072-itat-itat-mumbai-income-from-house-property-business-assets-taxscan.webp "ITAT Upholds Tax on Unsold Inventory as Income from House Property, Directs Recalculation of ALV Based on Market Rates [Read Order]")
![Addition of 1% Commission to ₹63L Income for Issuing Bogus Sales Bills: ITAT sustains Tax Computation due to No Plausible Explanation [Read Order]](https://images.taxscan.in/h-upload/2025/06/23/2053082-bogus-sales-bills-itat-taxscan.webp "Addition of 1% Commission to ₹63L Income for Issuing Bogus Sales Bills: ITAT sustains Tax Computation due to No Plausible Explanation [Read Order]")
ITAT Slams CIT(A) for Denial of Natural Justice, Restores Unsecured Loan Addition Case to AO for Fresh Hearing [Read Order]
The Income Tax Appellate Tribunal (ITAT) Mumbai has strongly criticized the Commissioner of Income Tax (Appeals) for denying a fair hearing to a taxpayer, calling it a violation of natural justice....
![ITAT Slams CIT(A) for Denial of Natural Justice, Restores Unsecured Loan Addition Case to AO for Fresh Hearing [Read Order]](https://images.taxscan.in/h-upload/2025/06/23/2053079-itat-itat-slams-cita-cita-for-denial-of-natural-justice-denial-of-natural-justice-natural-justice-taxscan.webp "ITAT Slams CIT(A) for Denial of Natural Justice, Restores Unsecured Loan Addition Case to AO for Fresh Hearing [Read Order]")
ITAT Directs Fresh Assessment in Petrol Pump Case, Cites Denial of Natural Justice Over Electronic Notices [Read Order]
The Income Tax Appellate Tribunal (ITAT) Lucknow Bench has ordered tax authorities to conduct a fresh assessment in the case of a Kanpur petrol pump owner, ruling that the taxpayer's right to...
![ITAT Directs Fresh Assessment in Petrol Pump Case, Cites Denial of Natural Justice Over Electronic Notices [Read Order]](https://images.taxscan.in/h-upload/2025/06/23/2053053-petroleum-companies-dealer-tax-petroleum-companies-tax-petroleum-dealer-tax-gst-on-petroleum-dealer-petroleum-dealer-gst-taxscan.webp "ITAT Directs Fresh Assessment in Petrol Pump Case, Cites Denial of Natural Justice Over Electronic Notices [Read Order]")
Gujarat HC upholds Acquittal order under NI Act as Applicant failed to Submit ITR proving Financial capacity [Read Order]
The Gujarat High Court upheld the acquittal order under the Negotiable Instrument Act (NI) , 1881 as the applicant failed to submit Income Tax Return (ITR) proving the financial capacity. ...
![Gujarat HC upholds Acquittal order under NI Act as Applicant failed to Submit ITR proving Financial capacity [Read Order]](https://images.taxscan.in/h-upload/2025/06/23/2052959-gujarat-high-court-acquittal-order-under-ni-act-itr-taxscan.webp "Gujarat HC upholds Acquittal order under NI Act as Applicant failed to Submit ITR proving Financial capacity [Read Order]")
A person cannot pursue remedy under Income Tax Act and Extraordinary remedy simultaneously: Calcutta HC [Read Order]
In a recent case, the Calcutta High Court has held that a person cannot pursue remedy under the Income Tax Act , 1961 and an extraordinary remedy simultaneously. Sri Prasanta Sarkar, the...
![A person cannot pursue remedy under Income Tax Act and Extraordinary remedy simultaneously: Calcutta HC [Read Order]](https://images.taxscan.in/h-upload/2025/06/23/2052910-calcutta-high-court-dual-remedy-under-income-tax-act-taxscan.webp "A person cannot pursue remedy under Income Tax Act and Extraordinary remedy simultaneously: Calcutta HC [Read Order]")
![ITAT WEEKLY ROUND-UP [ June 7th - 20th ]](https://images.taxscan.in/h-upload/2025/06/22/2052546-itat-weekly-round-up.webp "ITAT WEEKLY ROUND-UP [ June 7th - 20th ]")
ITAT Allows Goregaon Education Society’s Exemption Claim u/s 11 Despite Delay in Filing Forms 9A and 10 obeying CBDT Circular [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) recently allowed an appeal filed by Goregaon Education Society while observing that the exemption under Section 11 of the Income Tax...
![ITAT Allows Goregaon Education Society’s Exemption Claim u/s 11 Despite Delay in Filing Forms 9A and 10 obeying CBDT Circular [Read Order]](https://images.taxscan.in/h-upload/2025/06/22/2052416-itat-goregaon-education-societys-exemption-claim-us-11-despite-filing-forms-9a-cbdt-circular-taxscan.webp "ITAT Allows Goregaon Education Society’s Exemption Claim u/s 11 Despite Delay in Filing Forms 9A and 10 obeying CBDT Circular [Read Order]")