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![4000+ Day Delay: ITAT Slams Trust for 9-Year Inaction, Dismisses Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-ITAT-Slams-Trust-ITAT-Slams-Dismisses-Appeal-Appeal-Slams-Trust-ITAT-Pune-taxscan.jpg "4000+ Day Delay: ITAT Slams Trust for 9-Year Inaction, Dismisses Appeal [Read Order]")
4000+ Day Delay: ITAT Slams Trust for 9-Year Inaction, Dismisses Appeal [Read Order]
The Pune Bench of the Income Tax Appellate Tribunal (ITAT) dismissed the appeal for an unexplained delay of over 4000 days (nearly nine years) in...
![Income Tax Bill 2025: 30% Tax on Transfer of Cryptoassets and NFTs [Read Bill]](https://www.taxscan.in/wp-content/uploads/2025/02/Income-Tax-Bill-2025-Income-Tax-Bill-Income-Tax-Tax-on-Transfer-Transfer-of-Cryptoassets-Cryptoassets-and-NFTs-Cryptoassets-taxscan.jpg "Income Tax Bill 2025: 30% Tax on Transfer of Cryptoassets and NFTs [Read Bill]")
![Income Tax Bill 2025: Officers Granted Overarching Powers to Demand Computer and VDA Access Codes during Search and Seizure [Read Bill]](https://www.taxscan.in/wp-content/uploads/2025/02/Income-Tax-Bill-2025-Overarching-Powers-Demand-Computer-VDA-Access-Codes-Search-and-Seizure-TAXSCAN.jpg "Income Tax Bill 2025: Officers Granted Overarching Powers to Demand Computer and VDA Access Codes during Search and Seizure [Read Bill]")
![No Penalty Exception u/s 271AAA(2) if Undisclosed Income is Declared only during Assessment Proceedings: Supreme Court [Read Judgement]](https://www.taxscan.in/wp-content/uploads/2025/02/Assessment-Proceedings.jpg "No Penalty Exception u/s 271AAA(2) if Undisclosed Income is Declared only during Assessment Proceedings: Supreme Court [Read Judgement]")
ITAT sets aside PCIT’s Section 263 Order, Holds Bank of Maharashtra’s ₹1137 Crore Deduction for Bad and Doubtful Debts [Read Order]
The Pune bench of the Income Tax Appellate Tribunal (ITAT) has set aside the Principal Commissioner of Income Tax (PCIT) revision order under Section 263 of the Income Tax Act, 1961, in the case of...
![ITAT sets aside PCIT’s Section 263 Order, Holds Bank of Maharashtra’s ₹1137 Crore Deduction for Bad and Doubtful Debts [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-ITAT-Set-PCIT-PCITs-Section-263-Bank-of-Maharashtra-Deduction-for-Bad-and-Doubtful-Debts-Doubtful-Debts-Debts-taxscan.jpg "ITAT sets aside PCIT’s Section 263 Order, Holds Bank of Maharashtra’s ₹1137 Crore Deduction for Bad and Doubtful Debts [Read Order]")
![Penalty u/s 270A for Under-Reported Income: ITAT Restores Matter to CIT(A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-ITAT-Ahmedabad-Income-Tax-Appellate-Tribunal-Section-270A-of-Income-Tax-Act-TAXSCAN.jpg "Penalty u/s 270A for Under-Reported Income: ITAT Restores Matter to CIT(A) [Read Order]")
![CBDT Grants Income Tax Exemption to RERA Punjab u/s 10(46A) [Read Notification]](https://www.taxscan.in/wp-content/uploads/2025/02/CBDT-Income-Tax-Exemption-Income-Tax-RERA-Punjab-CBDT-income-tax-exemption-TAXSCAN.jpg "CBDT Grants Income Tax Exemption to RERA Punjab u/s 10(46A) [Read Notification]")
![Denial of Exemption u/s 54 for Lack of Documents: ITAT Sets Aside CIT(A) Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-Exemption-for-Lack-of-Documents-Income-tax-taxscan.jpg "Denial of Exemption u/s 54 for Lack of Documents: ITAT Sets Aside CIT(A) Order [Read Order]")
Non-compliance with Statutory Notices Leads to Penalties and Additions: ITAT Restores Matter to CIT(A) [Read Order]
The Pune Bench of Income Tax Appellate Tribunal(ITAT) restored the matter to the Commissioner of Income Tax(Appeals)[CIT(A)] after non-compliance with statutory notices led to penalties and additions...
![Non-compliance with Statutory Notices Leads to Penalties and Additions: ITAT Restores Matter to CIT(A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Non-compliance-Non-compliance-with-Statutory-Notices-Statutory-Notices-Leads-to-Penalties-and-Additions-Penalties-and-Additions-Penalties-taxscan.jpg "Non-compliance with Statutory Notices Leads to Penalties and Additions: ITAT Restores Matter to CIT(A) [Read Order]")