![ITAT Quashes Assessment Order as Notice u/s 143(2) Sent to Wrong Address [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/ITAT-ITAT-Pune-Assessment-Order-ITAT-quashes-assessment-order-as-notice-TAXSCAN.jpg "ITAT Quashes Assessment Order as Notice u/s 143(2) Sent to Wrong Address [Read Order]")
ITAT Quashes Assessment Order as Notice u/s 143(2) Sent to Wrong Address [Read Order]
The Income Tax Appellate Tribunal (ITAT) Pune Bench has quashed the assessment order passed against the assessee on the ground that the notice under...
![Major Shuffle in Income Tax Department: CBDT Transfers Senior Officials [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/CBDT-Income-Tax-Department-Income-Tax-taxscan.jpg "Major Shuffle in Income Tax Department: CBDT Transfers Senior Officials [Read Order]")
No Income Tax Payable on New Flat Received in Exchange for Old One: ITAT deletes Addition u/s 56(2)(x)Â [Read Order]
In a recent ruling, The Income Tax Appellate Tribunal ( ITAT ) of Mumbai ruled that income tax is not applicable under Section 56(2)(x) of the Income Tax Act, 1961, where a new flat is received in...
![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]
In a recent judgment, the Income Tax Appellate Tribunal (ITAT) of Surat upheld the addition made by the Assessing Officer (AO) under section 69 of the Income Tax Act, 1961, as the assessee failed to...
![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]
The Income Tax Appellate Tribunal (ITAT) Bengaluru recently set aside a ₹5.41 crore TDS disallowance on payments made to a US-based entity for business development and marketing services and directed...
![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...
