Do you Run a Partnership Firm? Know the Key Income Tax Changes Effective from the 1st of April, 2025
Starting April 1, 2025, partnership firms, including Limited Liability Partnerships (LLPs), will have to comply with two significant income tax...
![Bombay HC Directs RBI to Accept ₹20 Lakh Demonetized Currency due to Seizure by Income Tax Department Prior to Bank Deposit Deadline [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Demonetized-Currency.jpg "Bombay HC Directs RBI to Accept ₹20 Lakh Demonetized Currency due to Seizure by Income Tax Department Prior to Bank Deposit Deadline [Read Order]")
![Pr Commissioner of Income Tax has Authority to Cancel Registration of Assessee even without Decision from Assessing Authority: Kerala HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Pr-Commissioner-of-Income-Tax-Income-Tax-Income-Tax-has-Authority-Authority-to-Cancel-Registration-Decision-from-Assessing-Authority-Kerala-HC-taxscan.jpg "Pr Commissioner of Income Tax has Authority to Cancel Registration of Assessee even without Decision from Assessing Authority: Kerala HC [Read Order]")
![ITAT Sets Aside CIT(A) Order on Scheduled Tribe Doctor’s S.10(26) Exemption Claim Over Eligibility Misinterpretation [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/ITAT-ITAT-Sets-CITA-Order-Tribe-Doctor-Exemption-Claim-Eligibility-Misinterpretation-Exemption-Claim-Over-Eligibility-Misinterpretation-taxscan.jpg "ITAT Sets Aside CIT(A) Order on Scheduled Tribe Doctor’s S.10(26) Exemption Claim Over Eligibility Misinterpretation [Read Order]")
![Tax Exemption Denied u/s 12AB Due to Lack of Proof of Charitable Activities: ITAT Orders Fresh Review [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Income-tax-exemption-rejection.jpg "Tax Exemption Denied u/s 12AB Due to Lack of Proof of Charitable Activities: ITAT Orders Fresh Review [Read Order]")
CA’s Fraudulent Income Tax Refunds treated as Income: ITAT Upholds Additions despite later Recovery [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT )Â upheld the tax additions in the case of a Chartered Accountant ( CA ) who fraudulently encashed income tax refunds using forged...
![CA’s Fraudulent Income Tax Refunds treated as Income: ITAT Upholds Additions despite later Recovery [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/ITAT-Income-Tax-Refunds-CAs-Fraudulent-site-image.jpg "CA’s Fraudulent Income Tax Refunds treated as Income: ITAT Upholds Additions despite later Recovery [Read Order]")
Disallowance of Rs. 2.97 Crore as Bogus Expenditure u/s 69C: ITAT Upholds 10% Disallowance [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal (ITAT)Â upheld a 10% disallowance of Rs. 29.71 lakh out of Rs. 2.97 crore claimed as bogus expenditure under section 69C of Income Tax Act,1961,...
![Disallowance of Rs. 2.97 Crore as Bogus Expenditure u/s 69C: ITAT Upholds 10% Disallowance [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/bogusexpenditure.jpg "Disallowance of Rs. 2.97 Crore as Bogus Expenditure u/s 69C: ITAT Upholds 10% Disallowance [Read Order]")
Reopening of Assessment u/s 147: ITAT upholds CIT(A) Decision, Finds Reassessment Beyond Jurisdiction [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal(ITAT)Â upheld the Commissioner of Income Tax(Appeals)[CIT(A)] decision in deleting the additions made under section 68 of Income Tax Act,1961,...
![Reopening of Assessment u/s 147: ITAT upholds CIT(A) Decision, Finds Reassessment Beyond Jurisdiction [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Reopening-of-Assessment-Assessment-Section-147-ITAT-ITAT-Upholds-CITA-CITA-Decision-Reassessment-Jurisdiction-taxscan.jpg "Reopening of Assessment u/s 147: ITAT upholds CIT(A) Decision, Finds Reassessment Beyond Jurisdiction [Read Order]")
Late Filing of Form 10B for Exemption Claim u/s 11: ITAT Allows Claim Based on Submission Before Assessment Completion [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal(ITAT) allowed the claim for exemption under section 11 of Income Tax Act,1961, despite the late filing of Form 10B, as the form was submitted before...
![Late Filing of Form 10B for Exemption Claim u/s 11: ITAT Allows Claim Based on Submission Before Assessment Completion [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Form-10B.jpg "Late Filing of Form 10B for Exemption Claim u/s 11: ITAT Allows Claim Based on Submission Before Assessment Completion [Read Order]")
AO cannot Initiate Reassessment Proceedings during Pending Rectification Proceedings: ITAT [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal ( ITAT ) held that the Assessing Officer ( AO ) cannot initiate reassessment proceedings under section 148 of Income Tax Act,1961 while rectification...
![AO cannot Initiate Reassessment Proceedings during Pending Rectification Proceedings: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Rectification-Proceedings-ITAT-AO-taxscan.jpg "AO cannot Initiate Reassessment Proceedings during Pending Rectification Proceedings: ITAT [Read Order]")
ITAT Condones Delay, Directs CIT(A) to Re-examine Appeal on Merits in Unexplained Fixed Deposit Case [Read Order]
In a recent ruling, the Income Tax Appellate Tribunal (ITAT) Pune Bench directed the Commissioner of Income Tax (Appeals) CIT(A) to condone the delay in filing the appeal and re-examine the case on...
![ITAT Condones Delay, Directs CIT(A) to Re-examine Appeal on Merits in Unexplained Fixed Deposit Case [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/ITAT-condones-delay.jpg "ITAT Condones Delay, Directs CIT(A) to Re-examine Appeal on Merits in Unexplained Fixed Deposit Case [Read Order]")