![Disallowance of Deduction Claim u/s 80P(2)(a)(i) of Income Tax Act without Following Precedence: Kerala HC sets aside Assessment order [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Disallowance-Deduction-Claim-Income-Tax-Act-Kerala-HC-Assessment-order-taxscan.jpg "Disallowance of Deduction Claim u/s 80P(2)(a)(i) of Income Tax Act without Following Precedence: Kerala HC sets aside Assessment order [Read Order]")
Disallowance of Deduction Claim u/s 80P(2)(a)(i) of Income Tax Act without Following Precedence: Kerala HC sets aside Assessment order [Read Order]
The Kerala High Court set aside the income tax assessment order as the department failed to consider the precedent while disallowing the claim...
![Supreme Court & High Courts Weekly Round-up [March 15th to March 21st,2025]](https://www.taxscan.in/wp-content/uploads/2025/03/Supreme-court-news-High-court-news-Supreme-court-judgments-High-court-judgments-TAXSCAN.jpg "Supreme Court & High Courts Weekly Round-up [March 15th to March 21st,2025]")
![Taxpayer Owns Only 30%: ITAT Orders Reassessment of Capital Gains due to Incorrect Valuation [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Taxpayer-Owns-Capital-Gains-Reassessment-taxscan.jpg "Taxpayer Owns Only 30%: ITAT Orders Reassessment of Capital Gains due to Incorrect Valuation [Read Order]")
![Penalty for Under-Reporting: ITAT Remands Matter Due to Pending Quantum Appeal Before CIT(A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/ITAT-penalty-Under-reporting-penalty-Income-tax-appeal-taxscan.jpg "Penalty for Under-Reporting: ITAT Remands Matter Due to Pending Quantum Appeal Before CIT(A) [Read Order]")
![Non-Service of Income Tax Assessment Order: ITAT Condones Delay in Filing Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Non-Service-of-Income-Tax-Assessment-Order-Income-Tax-Assessment-Order-Income-Tax-Assessment-Order-ITAT-ITAT-Condones-Delay-taxscan.jpg "Non-Service of Income Tax Assessment Order: ITAT Condones Delay in Filing Appeal [Read Order]")
Taxpayer fails to Opt for Email Notice in Form-35: ITAT Restores Matter for Fresh Adjudication [Read Order]
The Raipur Bench of the Income Tax Appellate Tribunal (ITAT) set aside the ex-parte order passed by the Commissioner of Income Tax (Appeals) [CIT(A)] and restored the matter for fresh adjudication,...
![Taxpayer fails to Opt for Email Notice in Form-35: ITAT Restores Matter for Fresh Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Form-35-notice.jpg "Taxpayer fails to Opt for Email Notice in Form-35: ITAT Restores Matter for Fresh Adjudication [Read Order]")
AO Must Allow Interest Deduction for Cooperative Societies If Expenses Are Proven to Be Linked to Activities u/s 80P(2): ITAT [Read Order]
The Surat Bench of the Income Tax Appellate Tribunal (ITAT) held that the Assessing Officer (AO) must allow interest expenditure as a deduction for cooperative societies if the expenses were directly...
![AO Must Allow Interest Deduction for Cooperative Societies If Expenses Are Proven to Be Linked to Activities u/s 80P(2): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/ITAT-surat.jpg "AO Must Allow Interest Deduction for Cooperative Societies If Expenses Are Proven to Be Linked to Activities u/s 80P(2): ITAT [Read Order]")
Delhi HC Quashes Rs. 26.52 Cr Income Tax Addition on Power Pricing, Upholds SEB Rates for S. 80IA Deduction [Read Order]
The Delhi High Court quashed the addition of Rs.26.52 crore on DCM Shriram Ltd. stating that SEB rates were appropriate to determine the market value of power transactions for claiming deduction...
![Delhi HC Quashes Rs. 26.52 Cr Income Tax Addition on Power Pricing, Upholds SEB Rates for S. 80IA Deduction [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Delhi-HC-Delhi-HC-Quashes-Income-Tax-Addition-Income-Tax-Income-Tax-Addition-on-Power-Pricing-Upholds-SEB-Rates-SEB-Rates-taxscan.jpg "Delhi HC Quashes Rs. 26.52 Cr Income Tax Addition on Power Pricing, Upholds SEB Rates for S. 80IA Deduction [Read Order]")
Assessment based on Third-Party Evidence cannot be Confirmed If Evidence not Provided to Searched Person: ITAT [Read Order]
The Cochin Bench of the Income Tax Appellate Tribunal (ITAT) recently granted relief to an Assessee, holding that an assessment based on third-party evidence cannot be sustained if such evidence is...
![Assessment based on Third-Party Evidence cannot be Confirmed If Evidence not Provided to Searched Person: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/ITAT-ITAT-Cochin-ITAT-decision-on-third-party-evidence-TAXSCAN.jpg "Assessment based on Third-Party Evidence cannot be Confirmed If Evidence not Provided to Searched Person: ITAT [Read Order]")
